Table of Contents

7 Best Companies That Buy Houses for Cash

Companies That Buy Houses for Cash

Mortgage rates have been rising in 2023 currently at an average of 6.67%, thus putting off buyers. Hence, it’s no surprise that sellers flock to cash home buyers to offload their properties.

Home sellers are flocking to cash house buyers for their instant offers and quick sales.

So, if you are strapped for cash and need to sell your home fast, consider a company offering quick cash for houses.

Key Takeaways

  • In April 2023, compared to a year before, the median of current home sale decreased by 1.7%.
  • iBuyers are declining, and there are also predictions of top iBuyers like Opendoor going bankrupt.
  • Opting for cash marketplaces like Houzeo can even get you more than one offer. You can also opt for cash companies like Express Homebuyers or I Buy Houses.

Let’s look at the best companies that buy houses for cash in America.

Rankings: 7 Best Home Buying Companies

Cash Home BuyersService Fee100% Online5-Star ReviewsMobile App
1. Houzeo.com$349
2. Opendoor5% of Sale Price
3. Offerpad6% of Sale Price
4. We Buy Ugly HousesNone
5. We Buy HousesNone
6. Express HomebuyersNone
7. I Buy HousesNone

Reviews: 7 Companies That Buy Houses for Cash

1. Houzeo.com: Maximum Exposure to Cash Buyers

Company Logo
4.9/5
(5,112 reviews)
Queen's Take

Houzeo.com is the #1 FSBO website, as it provides an unbeatable combination of max savings, 5-star customer support, and cutting-edge technology.
Houzeo gives FSBO home sellers affordable MLS listing packages. Your home will be listed within 48 hours.

Houzeo is a 100% online FSBO website. You can list on MLS within 12 business hours. Houzeo’s advanced tech helps you manage your listing, offers, showings, inspections, and closings. It has a 4.9 out of 5 ratings.

Houzeo offers affordable FSBO MLS listing packages:

  • Bronze – $329+: This package offers Houzeo listing only for 6 months with maximum photos.
  • Silver – $399+: This plan includes everything offered in the Bronze package. Additionally, you can make unlimited listing changes, get a custom yard sign, and access Houzeo Showings and Houzeo Offers.
  • Gold – $379+ 0.5% at Closing: This plan includes everything offered in the Silver plan. You also get federal and state disclosures, a personal concierge, call forwarding, and more. It is Houzeo’s most advanced package.
  • Platinum – $349+ 1% at Closing:  This is the ultimate plan with a 1-year listing term and virtual full-service from a licensed broker who’ll help you until closing.

👉 Our Recommendation: We recommend the GOLD plan. You’ll have access to Houzeo tech, making managing showings and offer negotiations easy! Confirm all prices on the state’s pricing page before you list.

Houzeo is the best For Sale By Owner website in the U.S., and here’s why:

  • 100% Online: Houzeo is tech-centric. For you, this means easy listings, fast changes, online showings, and online offers. Houzeo Mobile App is also very powerful.
  • Maximum Exposure: Your listing gets syndicated to 100+ real estate websites like Zillow and Trulia. This ensures maximum visibility for your FSBO property.
  • Maximum Savings: With Houzeo, you save at least 3% on listing agent commissions. The company discloses all costs upfront, so there are no Houzeo hidden fees.
  • Stellar Customer Review: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 5,112 home sellers on Google Reviews and Trustpilot!
  • Nationwide Coverage: Houzeo covers 47 states and DC.

Houzeo’s services are limited in Wyoming, South Dakota, and West Virginia. This means your listings may not get updated in 12 hours and may not get maximum exposure.

» Houzeo Complaints: Find out if there are any serious complaints about Houzeo.

Houzeo has a cumulative rating of 4.9 stars out of 5 from 5,112 customer reviews.

» Houzeo Review: Here’s why Houzeo is the best FSBO site.

2. Opendoor

Company Logo
4.4/5
(2,698 reviews)
Queen's Take

Opendoor is America’s best and largest iBuyer based out of San Francisco. Opendoor has been in business since 2014 and they offer instant cash for homes.

Opendoor is America’s best and largest iBuyer based out of San Francisco. Opendoor has been in business since 2014 and they offer instant cash for homes.

  • Fees: 5% of Home Sale Price.
  • Offer: 90% to 100% of the property’s Fair Market Value (FMV).
  • Property Type: Only on owner-occupied properties built post-1930 with a maximum lot size of 1.5 to 2 acres.
  • Terms: Upto 45 days out.

👉 We Recommend:  Opendoor is a reputed iBuyer company, however their final cash offer is calculated after deducting closing costs, typically 6% to 13%.

  • Advanced Technology: Opendoor offers the best UI experience for users.
  • Fast Cash Offers: They give a preliminary cash offer within 24 hours.
  • Good Coverage: They offer services in 51 markets including top cities like Boston, San Francisco, and Birmingham.
  • No Cancelation Fees: You can cancel at any time without the worry of being charged a fee.

» Pros and Cons of OpendoorCheck out our detailed pros and cons list on Opendoor.

  • Closing Costs: You will have to pay closing costs, typically 6% to 13%.
  • Additional Charges: They also have a hefty service fee of up to 14% of the sale price.
  • Strict Criteria: They have very strict rules of buying and will sometimes even back out of the deal at last minute.

Opendoor has an average rating of 4.4 out of 5 stars from 2,698 reviews on Reviews.io.

» Opendoor vs. Houzeo: Read further to know which is the better, America’s biggest iBuyer or largest cash marketplace!

3. Offerpad

Company Logo
4.6/5
(179 reviews)
Queen's Take

Offerpad’s closing process is faster than other “cash for houses” companies. So, you should request a cash offer from Offerpad if you want to sell your house quickly.

Offerpad has been in business since 2017 and has bought, sold, and renovated nearly 10,000 houses. Offerpad has a team of experienced professionals and advanced technology to help homeowners sell their houses quickly for cash.

  • Fees: 6% of Home Sale Price.
  • Offer: 80% to 100% of the property’s Fair Market Value (FMV).
  • Property Type: Only house built after 1960, with a maximum lot size of 1 acre and a max valuation of up to 1M.
  • Terms: The closing can be done in less than 10 days.

👉 We Recommend: Offerpad is a good option as an iBuyer. However, their final cash offer is calculated after deducting closing costs, typically 6% to 13%.

  • Sell As-Is: Offerpad buys houses in as-is condition, you do not even have to stage your home.
  • Additional Options: You can even choose to stay long-term if you make a deal with them.
  • Good Coverage: Offerpad buys houses for cash in 21+ markets across 16 states, including Alabama, Florida, Georgia, and Texas.

» Pros and Cons of OfferpadCheck out this detailed pros and cons of Offerpad.

  • Cancelation Fees: There is a 1% cancellation fee if you back out of the deal after accepting.
  • Closing costs: Offerpad service fees (5%), plus deduction for repairs, typically 1% to 7%.
  • Lowball Cash Offers: The 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.

On TrustPilot, Offerpad has received 165 reviews and a rating of 4.6/5.

» Offerpad vs. Houzeo: Read more to find out which is better, Houzeo or Offerpad?

4. We Buy Ugly Houses

Company Logo
2/5
(6 reviews)
Queen's Take

“We Buy Ugly Houses” is a cash home buyer that purchases houses in any condition. They are owned by Homevestors and they are in business for the last 20 years.

“We Buy Ugly Houses” is a cash home buyer that purchases houses in any condition. They are owned by Homevestors and they are in business for the last 20 years.

  • Fees: No fees.
  • Offer: 50% to 70% of Fair Market Value (FMV).
  • Property Type: They buy distressed properties with structural issues, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
  • Terms: Flexible; homes close within 7 to 60 days.

👉 We Recommend: If you do not expect more than 70% of your property’s market value, this is a great option for you!

  • Fast Offers: You can get a cash offer within 24 to 48 hours.
  • Quick Closing: You can close in as little as three weeks.
  • Sell As-Is: “We Buy Ugly Houses” buys houses in as-is condition, you do not have to worry about repairs.
  • Nationwide Coverage: “We Buy Ugly Houses” operates nationwide in 1,100 locations in 45 states.
  • No Hidden Costs: There are no service fees and they even cover closing costs.

» Pros and Cons of “We Buy Ugly Houses”Check out our detailed pros and cons list on “We Buy Ugly Houses”.

  • Lowball Cash Offers: You might only get offers around 50% to 70% of the property’s fair market value.
  • Inconsistent Service Quality: “We Buy Ugly Houses” is a franchise, hence the quality of service you will receive is entirely region based. We suggest you should do a thorough check on the investor you find before selling to them.

We Buy Ugly Houses has 2 out of 5 stars from 6 reviews on Yelp.

» We Buy Ugly Houses vs. Houzeo: Should You Sell Them Your Ugly House or list on the MLS?

5. We Buy Houses

Company Logo
2.6/5
(5 reviews)
Queen's Take

WeBuyHouses.com is a private, pre-vetted network of real estate investors. We Buy Houses’ investors will buy properties as-is for cash.

We Buy Houses is a national cash home buyer with more than 20 years of experience. They are present in over 200 markets across more than 30 states in the United States.

  • Fees: No fees.
  • Offer: 50% to 70% of Fair Market Value (FMV).
  • Property Type: Distressed properties with structural issues, mold, flood affected, etc.
  • Terms: Flexible home closing anywhere between 7 to 60 days.

👉 We Recommend: We Buy Houses is a good option for sellers looking to sell their house fast. However, they lack credible reviews and you cannot predict how the service will be.

  • Fast Cash Offers: You will get a cash offer within 24-48 hours.
  • Quick Closing: Closing can be done in just 7 days.
  • Nationwide Coverage: “We Buy Houses” operates in 49 states with 2,700 offices nationwide.
  • No Additional Costs: “We Buy Houses” doesn’t have any service fees and they also cover closing costs.

» Pros and Cons of “We Buy Houses”Check out our detailed pros and cons list on “We Buy Houses”.

  • Non-negotiable Offers: Once an offer has been made, there is little to no space for negotiation.
  • Lowball Cash Offers: They extend offers that are just 50% to 70% of the property’s Fair Market Value.
  • No Credible Reviews: “We Buy Houses” does not have any reviews on any credible platforms.

No credible ratings were found.

» We Buy Houses vs. HouzeoLearn more from a detailed comparison of the two.

6. Express Homebuyers

Company Logo
4.3/5
(114 reviews)
Queen's Take

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 4,000 homeowners.

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 4,000 homeowners.

  • Fees: No Fees.
  • Offer: 50% to 70% of the property’s Fair Market Value (FMV).
  • Property Type: Distressed properties, houses facing foreclosure, couples going through a divorce, high crime neighborhoods, etc.
  • Terms: Flexible homes close within 7 to 30 days.

👉 We Recommend: Express Homebuyers is a quick and easy option for home sellers. However, if you can put in some time and effort we suggest you list on the MLS.

  • Fast Cash Offers: You get a free, no-obligation offer within 24 hours for damaged properties as well.
  • Sell As-Is: Express Homebuyers buys houses in as-is condition.
  • Nationwide Coverage: They are available nationwide.
  • No Additional Costs: “Express Homebuyers ” doesn’t have any service fees and even covers closing costs.

» Pros and Cons of Express HomebuyersCheck out our detailed pros and cons list on Express Homebuyers.

  • Lowball Cash Offers: Express Homebuyers offer absurdly low-ball offers for ugly houses. When compared to fair market value you are better off with listing on the MLS.
  • Poor Customer Support: There were complaints from previous clients stating poor communication and half-hearted responses.

Express Homebuyers has 4.3/5 stars from 114 reviews on Google Reviews.

» Express Homebuyers vs. HouzeoIs Express Homebuyers really the expressway of home closing or do you have other options?

7. I Buy Houses

Company Logo
0/5
(0 reviews)
Queen's Take

I Buy Houses is a diverse investor network, that has assisted homeowners to sell their homes as-is 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 is a diverse investor network, that has assisted homeowners to sell their homes as-is 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.

  • Fees: No fees.
  • Offer: 50% to 70% of the property’s Fair Market Value (FMV).
  • Property Type: Distressed properties, pending foreclosure, structural damage, large house, inherited houses, etc.
  • Terms: Uncertain; solely dependent on the investor.

👉 We Recommend: “I Buy Houses” is an investor network of cash home buyers. The sale depends on the investors, they might even back out mid sale.

  • Network Chain: They help home sellers connect with local real estate investors, giving you multiple options.
  • Sell As-Is: You can sell your property as is without the worry of renovations or repairs.
  • Quick Offers: You will get a non-obligatory offer in as little as 24 hours.
  • Closing Costs: Though “I Buy Houses” doesn’t have any service fees, you have to pay the closing costs. It could be anywhere between 6% to 11% of the home sale price.
  • No Credible Reviews: “I Buy Houses” has no credible reviews on any trusted platform.
  • Unreliable Offer: There is no guarantee that you will receive a cash offer from the investor you connect with.
  • No Safety of Information Shared: The company has no rules to safeguard your information or govern how transactions are conducted.

No credible reviews were found.

Cash Home Buyers: Pros & Cons

Besides the speedy process, the convenient approach is another reason you can opt for cash buyers.  Let us look at some of the pros and cons of selling to a home cash buyer.

✅ Pros

  • Quick Sale: In the conventional home sale process you have to go through a home appraisal among other steps. But with home cash buyers, you can even get an offer in just a day.
  • No Hidden Costs: “We Buy Homes for Cash” companies don’t have any upfront costs. You can sell your house as-is without much delay.
  • Flexible Closing: Without the wait for mortgage preapprovals and listing paperwork you can close at your own pace.

❌ Cons

  • Non-Negotiable Deals: The preliminary offers they make are usually final. Most cash buyers do not even hire home inspectors, hence they might not budge from their offer.
  • Lowball Cash Offers: They deduct repair costs and utility expenses. The final offer is usually only 50% to 70% of the actual fair market value of the house.
  • You May Have to Pay Closing Costs: Some cash house buying companies may make you pay the closing costs though not mentioned on their site.

Should I Sell to a Company That Buys Houses for Cash?

Yes, especially if you are on a severely tight timeline, have inherited property, in need of urgent cash, or want to get rid of a distressed property.

However, if you’re simply looking for an all-cash offer and can hang in there, then listing on the MLS would be ideal.

Nationwide cash home buyers are hunting for properties on the MLS. 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. 

FAQs

1. How does the process of selling a house for cash to a company work?

Contact the company, get a cash offer, negotiate, sign an agreement, close the deal, and receive cash payment.

2. Why would someone choose to sell their house for cash to a company?

The merits of selling to a cash home buyer includes quick sale, convenience, and improving your financial situation. And, you can even sell your properties as is if you pick companies who buy houses for cash.

3. How do cash-buying companies determine the price they offer for a house?

Cash companies look at the property condition, market value, location, and potential resale value. They rarely conduct home inspections so you do not have to worry about repairs.

Companies That Buy Houses for Cash Near Me 🔍

States/CitiesRegionFind Best Companies That Buy Houses For Cash Near You
StatesNortheastCash Home Buyers Connecticut | Cash Home Buyers Maine | Cash Home Buyers Massachusetts | Cash Home Buyers New Hampshire | Cash Home Buyers New Jersey | Cash Home Buyers New York | Cash Home Buyers Pennsylvania | We Buy Houses for Cash Rhode Island | Cash Home Buyers Vermont
StatesMidwestCash Home Buyers Illinois | Cash Home Buyers Indiana | We Buy Houses for Cash Iowa | Cash Home Buyers Kansas | Cash Home Buyers Michigan | Cash Home Buyers Minnesota | Cash Home Buyers Missouri | Cash Home Buyers Nebraska | We Buy Houses for Cash North Dakota | Cash Home Buyers Ohio | We Buy Houses for Cash South Dakota | Cash Home Buyers Wisconsin
StatesSouthCash Home Buyers Alabama | Cash Home Buyers Arkansas | Cash Home Buyers Delaware | Cash Home Buyers Florida | Cash Home Buyers Georgia | Cash Home Buyers Kentucky | Cash Home Buyers Louisiana | Cash Home Buyers Maryland | Cash Home Buyers Mississippi | Cash Home Buyers North Carolina | Cash Home Buyers Oklahoma | Cash Home Buyers South Carolina | Cash Home Buyers Tennessee | Cash Home Buyers Texas | Cash Home Buyers Virginia | We Buy Houses for Cash Washington, D.C | Cash Home Buyers West Virginia
StatesWestCash Home Buyers Alaska | Cash Home Buyers Arizona | Cash Home Buyers California | Cash Home Buyers Colorado | Cash Home Buyers Hawaii | Cash Home Buyers Idaho | Cash Home Buyers Montana | Cash Home Buyers Nevada | Cash Home Buyers New Mexico | Cash Home Buyers Oregon | Cash Home Buyers Utah | Cash Home Buyers Washington | We Buy Houses for Cash Wyoming

Also Read

Related: buy houses cash, cash for your home, we buy home cash, we buy your house for cash, investors that buy houses, cash offer companies, we pay cash for houses, companies that buy houses for cash reviews, houses for cash buyers, investors who buy homes, best home buying company.

Get started

If you want to get a free consultation without any obligations, fill in the form below and we'll get in touch with you.