2022 has been a rollercoaster for the U.S. real estate market. The number of homes sold is decreasing, and mortgage rates are rising. Despite the highs and lows, cash home-buying is steady, accounting for 22% of home sales.
So, if you are strapped for cash and need to sell your home fast, consider a company offering quick cash for houses.
Let’s look at the best companies that buy houses for cash in America.
» Jump To Rankings | Reviews | Find Companies That Buys Houses Near You | Should I Sell to a Cash Buyer?
Rankings: 7 Companies That Buy Houses for Cash
| Cash Home Buyers | Service Fee | 100% Online | 5-Star Reviews | Mobile App |
|---|---|---|---|---|
| 1. Houzeo.com | $349 | ✅ | ✅ | ✅ |
| 2. Opendoor | 5% of Sale Price | ⛔ | ⛔ | ✅ |
| 3. Offerpad | 5% of Sale Price | ⛔ | ⛔ | ✅ |
| 4. We Buy Ugly Houses | None | ⛔ | ⛔ | ⛔ |
| 5. We Buy Houses | None | ⛔ | ⛔ | ⛔ |
| 6. Express Homebuyers | None | ⛔ | ⛔ | ⛔ |
| 7. I Buy Houses | 6% - 11% of Sale Price | ⛔ | ⛔ | ⛔ |
Reviews: 7 Companies That Buy Houses for Cash
1. Houzeo.com: Maximum Exposure to Cash Buyers
Why It’s #1: Houzeo has thousands of 5-star reviews. It offers the best combination of maximum savings, advanced technology, 5-star customer support, and listing exposure.
Packages: Houzeo offers 4 packages.
- Bronze is $249 and is best for selling a lot.
- Silver is $349, and includes everything competitors like FSBO.com charge $399 for.
- Gold is $429. It is Houzeo’s signature package and includes all the technology Houzeo is known for: Houzeo Showings, Houzeo Offers, and DigiTransact.
- Platinum is $999+. It includes the assistance of a licensed broker to help you with negotiations, disclosures, and closing.
Our Recommendation: We recommend the GOLD plan for listing FSBO on MLS. You’ll have access to Houzeo tech, making managing showings and offer negotiations easy!
» Houzeo Reviews: Houzeo is rated 5.0 stars on Google Reviews and 4.9 stars on Trustpilot with thousands of reviews.
- Mobile application
- Nationwide coverage
- 100% online platform
- 5-star customer reviews
- IntelliList Listing Management System: Lightning fast listing and fast changes
- Listings get syndicated to Zillow, Realtor.com, Trulia, Redfin, and 100s of other real estate sites
Houzeo has 4.9 out of 5 ratings with 4,442 reviews. Houzeo also has a 5-Star rating on popular review sites like TrustPilot and Google.
» Houzeo Review: Is the $349 Flat Fee Worth It?
Houzeo is available nationwide with coverage in 200+ markets.
Top iBuyer Companies
A type of cash home buyer, iBuyers, or Instant Buyers, are real estate companies that use technology and algorithms to make non-negotiable cash offers on homes for sale.
These companies provide their services only in select areas, and the homes they purchase must meet their strict eligibility criteria.
2. Opendoor
Opendoor is America’s best and largest ibuyer based out of San Francisco and they offer instant cash for homes. Opendoor started it’s business in 2014 and has been helping homeowners in difficult real estate transactions.
Opendoor offers 90% to 100% of the property’s Fair Market Value (FMV).
- How to sell your house for cash with Opendoor?
To get the process started you need to fill out an online form in Opendoor’s website or mobile appwith your address, a photo of your home and some basic information about your property to get an instant cash offer. Once they receive the information and if your property lies in Opendoor’s coverage, their representatives will schedule a free home condition assessment to verify the condition of your home. The final cash offer will be made after the condition assessment.
If you accept the final offer, they will walk you through the closing process. You can choose the closing date and the payment will be done within a few days after the closing.
- Opendoor preliminary offer, Closing costs and Final cash offer
Preliminary cash offer: Opendoor takes 24 hours to make a preliminary cash offer.
Closing costs: Opendoor service fee (5%), plus deduction for repairs, typically 1% to 7%.
Final Cash Offer: Opendoor’s final cash offer is calculated after deducting closing costs, typically 6% to 13%.
» Opendoor Reviews: Everything you need to know about America’s biggest iBuyer
- UI experience for users
- Preliminary cash offer in 24 hours
- Closing cost applicable
- Sellers receive a no-fuss cash offer
- Hefty service fees
Opendoor has an average rating of 4.4 out of 5 stars across 2,698 reviews on Reviews.io.
Opendoor offers cash for houses in 47 major markets across 21 states: AL, AZ, CA, CO, FL, GA, ID, IN, MN, MO, NV, NC, OH, OK, OR, SC, SD, TN, TX, UT, VA.
3. Offerpad
Offerpad is a real estate cash buyer that buys houses for cash. They have been in business since 2017 and have bought, sold, and renovated nearly 10,000 houses across the country. Offerpad has a team of experienced professionals and advanced technology to help homeowners sell their houses quickly for cash.
Offerpad offers 80% to 100% of the property’s Fair Market Value (FMV).
- How to sell your house for cash with Offerpad?
Simply enter your address and some basic information about the size and status of your property on Offerpad’s website or mobile app to request a cash offer. Offerpad’s specialized team of real estate professionals inspects your home, and the patented Offerpad evaluation tool generates an initial “offer price” for your property.
- Offerpad preliminary offer, Closing costs, and Final cash offer
Preliminary cash offer: Initial cash offer will be made within 24 to 48 business hours.
Closing costs: Offerpad service fees (5%), plus deduction for repairs, typically 1% to 7%.
Final Cash Offer: Offerpad’s final cash offer is calculated after deducting closing costs, typically 6% to 13%.
» Offerpad Reviews: Read more on detailed reviews on Offerpad.
- The closing can be done in less than 10 days
- They buy houses in as-is condition
- Long-term stay option for house sellers
- Closing costs and service fees can add up to more than 10% of the purchase price in some situations, resulting in a lower cash offer than expected
- 1% cancellation fees if you back out of the deal after acceptance
On TrustPilot, Offerpad has received 165 reviews and a score of 4.6/5.
Offerpad buys houses for cash in 21+ markets across 16 states, including Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Missouri, Nevada, North Carolina, Ohio, South Carolina, Tennessee, and Texas.
The Best “We Buy Houses for Cash” Companies
“We buy houses for cash” companies are home buyers that make instant cash offers on all types of homes, including distressed properties. Unlike iBuyers, they do not have strict purchase criteria, making them more convenient.
However, the offers extended by these cash home buyers are typically 50% to 70% of Fair Market Value (FMV). They can sometimes go as low as 30%.
4. We Buy Ugly Houses
“We Buy Ugly Houses” are all-cash home buyers who purchase houses in any condition. They are owned by Homevestors and they are in business for the last 20 years and the process of iBuying is well established. We Buy Ugly Houses helps homeowners get out of their ugly housing situations.
The company buys ugly houses, i.e., distressed properties like one with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
- How to sell your house for cash with We Buy Ugly Houses?
Get started by filling out an online form with your property details and some basic information about the size and status of your property on the We Buy Ugly Houses website. Once they receive the information about your property, their representatives will get connected to you over the call for a free consultation to discuss the cash offer. After the discussion a firm cash offer will be made, you can trust the firm cash offer as it won’t change before closing. If you accept the cash offer, then they will proceed for the closing.
- Cash Offer
We Buy Ugly Houses takes 24 to 48 business hours to share a cash offer. This is the best price a seller can get for their distressed property.
- Closing Timelines
Flexible; homes close within 7 to 60 days.
- Service Fee and Closing Costs
“We Buy Ugly Houses” doesn’t have any service fees and Closing Costs.
» We Buy Ugly Houses Reviews: Should You Sell Them Your Ugly House?
- Get an offer in 24 to 48 hours
- Quick close as little as three weeks
- They buy houses in as-is condition
- Pays less than what sellers could net on the open market
We Buy Ugly Houses has 2 out of 5 stars with 6 reviews on Yelp.
We Buy Ugly Houses operates nationwide in 1,100 locations in 45 states.
5. We Buy Houses
We Buy Houses is a national cash home buyer based in Texas. They have more than 20 years of experience assisting homeowners in getting rid of burdensome houses. We Buy Houses is now present in over 200 markets across more than 30 states in the United States. We Buy Houses is well-known among cash home buyers for providing the best technology solutions and fair market value to homeowners across the country.
We Buy Houses offers 50% to 70% of the property’s Fair Market Value (FMV).
- How to sell your house for cash with We Buy Houses?
To request a cash offer, simply enter your address and some basic information about the condition of your property on the We Buy Houses website. They will schedule a home visit and make you a full cash offer based on local housing market trends.
- Cash offer
We Buy Houses takes up to 48 business hours to share a cash offer.
- Closing Timelines: Flexible
Flexible homes close within 7 to 60 days.
- Service Fee and Closing Costs
“We Buy Houses” doesn’t have any service fees and Closing Costs.
» We Buy Houses Reviews: Learn more from the detailed company reviews.
- Cash Offer in 24-48 hours.
- Closing can be done in just 7 days.
- Once an offer has been made, there is little to no space for negotiation.
- Most homes get paid less cash than the fair market value.
No credible ratings found.
We Buy Houses operates in 49 states with 2,700 offices nationwide.
6. Express Homebuyers
Express Homebuyers is a well-known company based in Virginia that buys houses for cash. They have been buying houses since 2003 and have provided fair cash offers to over 4000 homeowners. The company buys houses in as-is condition and has a proven track record, so homeowners with unappealing properties prefer them.
Express Home Buyers offers 50% to 70% of the property’s Fair Market Value (FMV).
- How to sell your house for cash with Express Homebuyers?
Express Homebuyers has a three-step process in which you request a cash offer from them, a real estate expert will contact you, and you receive a full cash offer within 24 hours. If you accept their cash offer, they will send you the title insurance fees, which are typical $2,500 and are deducted from the selling price. You will receive the remaining funds after settlement, which could take as little as 7 days.
- Cash offer
Express Homebuyers takes 24 business hours to share a cash offer.
- Closing Timelines
Flexible homes close within 7 to 30 days.
- Service Fee and Closing Costs
“Express Homebuyers ” doesn’t have any service fees and Closing Costs.
- Free, no-obligation offer for damaged properties as well
- Cash offer in 24 hours
- Buys houses in as-is condition
- Available nationwide
- Makes absurdly low-ball offers for ugly houses
Express Homebuyers has 4.3/5 stars and 100 reviews on google.
Express Homebuyers operates nationwide.
7. I Buy Houses
I Buy Houses is a diverse investor network that has assisted homeowners all over the country in selling their homes in as-is condition for over 30 years. I Buy Houses connects homeowners with their network of investors. They act as an “intermediary,” distributing your data to their investor network subscribers.
I Buy Houses offers 50% to 70% of the property’s Fair Market Value (FMV).
- How to sell your house for cash with I Buy Houses?
If you want a cash offer, simply enter your address and some basic information about the condition of your property on the I Buy Houses online form. Real estate investors interested in your property will contact you with an all-cash, non-negotiable offer from network members.
- Cash offer
Cash Offer depends on the local investor from I Buy Houses network. It can take up to 48 to 72 business hours for desirable properties
- Closing Timelines
Uncertain; you can only close if an investor is interested in your property.
- Service Fee and Closing Costs
“I Buy Houses” doesn’t have any Service Fees, Closing Costs could be anywhere between 6% to 11% of the home’s fair market value or dependent upon repairs needed.
- Allows home sellers to connect with local real estate investors
- No guarantee that you receive a cash offer
- The company has no standards to govern how transactions are conducted.
- Closing cost included
No credible reviews were found.
IBuyHouses.com has over 6,000+ subscribers nationwide.
Find a Company that Buys Houses Near You
Should I Sell to a Company that Buys Houses for Cash?
Certainly, if any of the below reasons is applicable for you:
- On a severely tight timeline
- Owning an inherited property
- In need of urgent cash
- Owning a badly distressed property
However, if you’re simply looking for an all-cash offer and can hang in a while, then listing on the MLS would be ideal.
Nationwide cash home buyers are hunting for properties on the MLS, and this increases the chances of getting a competitive cash offer while marketing the property to multiple buyers simultaneously.
With a technologically advanced platform like Houzeo.com, you can start your listing process on any device and finish all the paperwork seamlessly.
» Want to learn more? Read these exclusive Houzeo reviews to find out why it is one of the best For Sale By Owner Websites in America.
Related Keywords: fsbo listing sites, where to list house for sale by owner, real estate websites
