How to Sell House Fast for Cash? (2023 Updates)

Cash-buying companies vigorously compete for properties, even putting numerous bids.

In 2023, you have multiple options at your disposal, if you want to sell house fast for cash.

Even after paying agent commissions, selling privately will take longer but result in higher net earnings. Cash home buyers are a great choice for you if you’re seeking to sell a distressed property or need to close a house sale within two weeks.

Reviews – Companies that Help You Sell Your House Fast for Cash

1. Houzeo.com

Company Logo
4.9/5
(5,465 reviews)
Queen's Take

Houzeo offers the best combination of maximum savings, advanced technology, 5-star customer support, and listing exposure.

Houzeo offers 4 comprehensive Flat Fee MLS listing plans.

  • Bronze – $379+: In this basic plan, you get a 6-month listing term with 24 photos. You get unlimited listing changes and open houses.
  • Silver – $399+: In the silver plan, you can list 24 photos for 6 months. You also get a yard sign and unlimited listing changes.
  • Gold – $379+: Gold is Houzeo’s signature MLS package with tech features like Houzeo Showings, Houzeo Offers, and DigiTransact.
  • Platinum – $349+: This is the ultimate flat fee plan with a 1-year listing term and virtual full-service from a licensed broker.

👉 Houzeo Reviews: Find out why Houzeo is America’s #1 MLS listing service!

Houzeo has the best tech available for a Flat Fee MLS platform. Check out Houzeo Reviews.

  • Maximum Savings: With Houzeo you save at least 3% on listing agent commission. All fees are disclosed upfront, so there are no Houzeo hidden fees.
  • Advanced Tech: Houzeo’s tech is stellar. You get an intuitive seller’s dashboard, free mobile app, and 100% online paperwork.
  • Maximum Exposure: Your home is listed on 100+ real estate websites like Zillow and Trulia. This ensures maximum eyeballs on your property.
  • Nationwide Coverage: Houzeo covers 47 states and DC.

👉 Houzeo Customer Reviews: Houzeo is rated “Excellent” with a 4.9 out of 5-star rating by 5,000+ home sellers on Google reviews and Trustpilot.

In our research, we found no major red flags with Houzeo. Customers have consistently given positive reviews about their experience.

» Houzeo Complaints: Find out what sellers said about Houzeo.

Houzeo is rated 4.9 out of 5 stars by 5,000+ customers on Google and Trustpilot.

» Houzeo Reviews: Over 5,000 home sellers have rated Houzeo as “Excellent.”

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.

Comparing all Alternatives

MLS

There are four key advantages of listing on the MLS that significantly shorten the time it takes to sell your home:

  • The MLS is the quickest option to get your property on the market, and it also syndicates your listing to the top-tier real estate websites like Zillow, Realtor.com, etc.
  • Your offers and listing gets broadcasted to all real estate agents, cash home buyers, and, iBuyers.
  • All offers are negotiable.
  • You don’t have to pay service or commission costs.

iBuyers/Instant Buyers

With full cash offers and cutting-edge platforms, iBuyers have levelled the playing field for the immediate buyers. You instantly receive a cash offer that is pretty fair, and you can seal the deal within a few days.

Not every homeowner can qualify for iBuyers, because of their coverage is limited.

Home Trade-in Services

A home trade-in service will come handy if you believe you won’t be approved for a mortgage loan and need hard cash before purchasing your next home.

Home trade-in services like Knock and Flyhomes provide you with the liquid funds you need to move into your new home.
When the old house sells, the finances are settled.

Cash buyer/ “We Buy Houses for Cash” Companies

If your house is in a poor condition and you don’t want to shell out dollars on repairs or closing costs, then you can approach “we buy houses for cash” companies. These companies provide quick cash offers and allow you to sell your house fast for cash.

Their cash offer will make up for only 50%-70% of your home’s fair market value.
A home worth $150,000 on the open market can be bought at $70,000 by an investor.

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