It wasn’t long ago that the only option to sell a home was to hire a real estate agent, list the property on the MLS, and hope for the best. Today, technology is assisting in making the process of buying and selling a house more transparent, quicker, and equitable.
A large number of companies are providing homeowners with a plethora of options to avoid the orthodox method of selling a property by skipping open houses and showings and selling directly for hard cash.
In 2022, the options are so vast that there is something for everyone.
In this article, the top 11 companies that buy houses for cash will be revealed…
But first, you should be aware that companies that buy houses for cash come under 2 categories:
We Buy Houses: These are those companies that buy houses in poor condition and offer as little as 50% of the fair market value.
iBuyer: These are those companies that provide attractive offers near to fair market value, however, they only operate in a few metro regions and have highly rigorous requirements which back their buying decision. Check out iBuyer reviews on various reputed review websites to get a better understanding.
Which Are The Best 11 Companies In the US That Buy Houses For Cash?
Houzeo
Houzeo is one of the best real estate websites on the market since it provides for speedy listing, maximum exposure to cash buyers, and a smooth process when selling your house with no involvement from a real estate agent.
It allows you to submit your listings in minutes and have them online within one business day. Sellers might save up to $15,000 by employing a commission-free listing agent.
Sellers may submit all of their documentation online, organize open houses, and make adjustments to their listing thanks to its smart technology. Since everything is done online, Houzeo’s brokers have made it simple to file seller disclosures as well.
As the seller, you have complete control over the selling process. Houzeo’s flexible programs may be adjusted at any moment to suit your needs. Check out Houzeo reviews on some of the top review websites to get a better idea of which packages are popular in your area.
These are the packages that Houzeo offers you:
Bronze: The cost of this package is $249, which includes a three-month flat-fee MLS listing. Sellers are permitted to include up to six photos in their listing. When you use Houzeo, your home will be seen by thousands of people since they list on Zillow, Trulia, and hundreds of other prominent real estate sites. You have the option to cancel or change your plan at any time for a fee of $25.
Silver: This $299 bundle includes a 6-month listing with 24 photographs that sync with several websites. Using this package, you may make a limitless amount of modifications to the listing.
Gold: This package worth $399 allows you to submit an unlimited number of images, make an unlimited number of listing updates, and cancel at any time. Submitting federal and state disclosures is also simplified, as is arranging showings, as well as analyzing and comparing offers.
Platinum: Priced at $449, your home will be listed for a year and will include everything in the Gold plan as well as add-ons like as a virtual full-service with a seasoned broker who will assist you with price and contract review.
For more information, you can check out Houzeo reviews
MarketPro Homebuyers
MarketPro is a We Buy Houses company with offices in Virginia, Maryland, Pennsylvania, and Washington, DC.
MarketPro has generally positive comments from home sellers; but, because it only operates in three states and Washington, DC, the majority of home sellers are unable to sell to MarketPro.
MarketPro, like other cash buyers, frequently only buys distressed properties and pays as little as 50% of fair market value.
Zillow Offers
In 2018, Zillow, the largest real estate platform, introduced Zillow Offers, and iBuying service, and entered the cash home buyer field. It offered qualifying homeowners a hassle-free, rapid choice by giving instant cash offers and quick closure. “Zillow Offers” offers between 80% and 110% of the property’s fair market value. (FMV)
To seek a cash offer, just fill in some basic information about the property on Zillow’s website or mobile app, and their staff will assess your house and make an offer based on their home evaluation technology, Zestimate.
Zillow’s final cash offer is computed after deducting closing expenses and service fees, which range from 10% to 14%. The average Zillow Offers service charge is 7.5 %.
We Buy Ugly Houses
With over 800 franchise sites, We Buy Ugly Houses (also known as HomeVestors) is one of the largest and most well-established We Buy Houses firms in the country.
The firm has an excellent reputation and brand awareness, but the bids are cheap – often as low as 50% of FMV, as with other cash buyers.
Even if your property is in terrible shape, you may be better off advertising it through a realtor. On the open market, you may get many offers from local real estate investors, potentially driving up the ultimate sale price.
We Buy Houses
“We Buy Houses” (WeBuyHouses.com) is a nationwide cash buyer with hundreds of locations across the United States. Because of the generic name, the firm is frequently mistaken for other cash buyers.
Since each We Buy Houses location is privately owned and maintained by a local real estate investor who has total control over how their business is run, some locations are more respectable than others.
Overall, the brand has great customer feedback, however, if you request an offer, it is advisable to compare it with other “We Buy Houses” firms.
Sundae
Sundae is the only firm on our list that does not actually buy properties; instead, it links homeowners with cash-paying real estate investors in their neighborhood.
The major advantage of utilizing Sundae is that after submitting your information, you will receive various cash offers from qualified investors without having to market your house.
The apparent disadvantage is that you will most likely not get top money for your property if you utilize Sundae since you will be selling to real estate investors searching for a good bargain.
Opendoor
Opendoor is the finest and largest instant Buyer (iBuyer) in the country, providing quick cash offers for houses. Opendoor, which was founded in 2014, was the first iBuyer to provide the iBuying model of fast cash for houses. Opendoor offers 90% to 100% of the property’s Fair Market Value (FMV).
Feed you location, pictures of your home, and some basic information about the size and condition of your property on Opendoor’s website or mobile app. Opendoor professionals will assess your house and make an offer based on their home pricing algorithm and comments from local experts.
It takes Opendoor 24 business hours to share a preliminary cash offer. This is usually the best price a seller can obtain for their home.
1-800-CashOffer
1-800-CashOffer works with a network of cash buyers that are seasoned experts and real estate veterans, not inexperienced flippers.
To request a cash offer, enter all the details about your property on the We Buy Houses website. They make the process easier by examining your information, comparing it to local listings, and informing you.
You will receive a monetary offer by phone or in person. If you accept the offer, you may set up a closing date as soon as possible. If your home is in a desirable area, you may receive many cash offers.
Offerpad
Offerpad is a real estate company that is supported by cutting-edge technology, significant data analytics, and a staff of educated in-house market professionals.
Homeowners may sell their residences for cash quickly using Offerpad’s easy user interface and short closing timeline. Offerpad provides between 80% and 100% of the property’s fair market value (FMV).
Simply submit your address, a photo of your home, and some basic information about the size and condition of your property on Offerpad’s website or mobile app and get a cash offer.
The Offerpad team of seasoned real estate professionals inspects your home, and the Offerpad evaluation process provides an initial “offer price” for your property.
RedfinNow
RedfinNow is Redfin, America’s leading discount brokerage firm expanded iBuying branch. Homeowners may sell their homes without advertising them and receive fair cash bids. RedfinNow, unlike other iBuyers, also purchases unoccupied properties.
RedfinNow, often known as the “as-is iBuyer,” makes bids on less attractive homes. RedfinNow gives 70% to 90% of the property’s Fair Market Value (FMV).
If you want to receive an offer from RedfinNow, fill in some details about the property on RedfinNow’s website or mobile app. RedfinNow personnel will assess your house and make a cash offer based on their home pricing algorithm.
Knock
Knock, founded by the owners of Trulia.com, is an unorthodox lender that, like other iBuyers, employs a trade-in idea instead of selling or buying properties directly. This integrates both transactions into a single straightforward procedure. Knock provides 70% to 80% of your property’s true market value (FMV).
Knock gives you a non-binding offer on the new house you want to buy while you sell your present one. Previous sellers have gotten a $25,000 cash advance for using Knock to purchase their dream houses. Knock also finances when you want to buy a new home and then helps you list and sell your old one.
Interesting Related Article: “Real Estate Scams to Be Aware of When Entering the Real Estate Industry“