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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

Best Overall Company Logo

Houzeo provisions home sellers to list their homes on the MLS at a discounted rate. With Houzeo, you can save almost half of the overall realtor commission. 

👉Packages: As a seller opting for Houzeo, you have flexibility in choosing different packages.

➡️Customization: Contract review, pricing assistance, and professional photography are some of the key features that you get as part of the Houzeo plans. 

📱Houzeo’s customer dashboard is an advanced feature where you will get access to multiple services. You can view and compare offers, counteroffers, schedule showings, and much more. 

Houzeo is also one of the most popular MLS Listing services in North Carolina. 

Houzeo Review: You NEED to See These Reviews

Pros

  • Wide coverage in the US
  • Great savings
  • Listing on MLS and other real estate websites like Zillow, Realtor.com, and more
  • Amazing listing speed (within a day with Houzeo concierge)
  • Fully automated
  • Great mobile app
  • Multiple services to choose from

No cons found

Houzeo has a 4.9 out of 5 rating (1,910 total reviews) on popular review sites.

Houzeo is present in 80+ Markets in the US.

2. Opendoor

BIGGEST IBUYER Company Logo

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

FAST CLOSING Company Logo

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.

4. We Buy Ugly Houses

NATIONWIDE COVERAGE Company Logo

“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

FASTEST CLOSING Company Logo

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.

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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