The company We Buy Houses purchases homes fast for cash and in as-is condition. WeBuyHouses.com is not a franchise, but a marketing program for real estate investors who have established buying and selling processes.
- Pros: WeBuyHouses.com makes all-cash offers and buys properties in as-in condition.
- Cons: They make lowball cash offers.
- Bottomline: We recommend that you collect and compare offers from all local and national cash buyers. Listing your home on the MLS via a flat fee company like Houzeo.com can help you do just that.
What is We Buy Houses?
Founded in 1996, We Buy Houses is a cash home-buying company in America with over 2,700 offices nationwide. It buys houses in any condition for cash, makes repairs to the properties, and sells them for a profit.
We Buy Houses investors buy properties at a steep discount from distressed sellers who may be dealing with:
- An inherited home
- A house that needs a lot of repairs
- A rental property with bad tenants
- A house in foreclosure
- Underwater home mortgage
Each We Buy Houses office is independently owned and operated by a We Buy Houses licensee.
|🔍 Coverage||Over 2,700 offices nationwide|
|⏱️ Time to Offer||24 to 48 hours|
|📅 Time to Close||Within 7 to 14 days|
|🏆 Customer Reviews Rating||3.29 stars of 5 on BBB|
» We Buy Houses for Cash Companies: Check out America’s top 15 companies that buy homes for cash.
How Does We Buy Houses Work?
Getting a cash offer from We Buy Houses is fairly straightforward.
Step 1- Contact We Buy Houses
Add your basic property information on the We Buy Houses website. It includes your zip code, the price you expect to receive for your property, the type of property (single-family, multi-family, etc.), and your reason for selling.
Step 2- Schedule an Inspection
Once all the basic information is received, We Buy Houses will schedule a home inspection whenever convenient for you.
Step 3- Receive a Cash Offer from WeBuyHouses.com
After the inspection, WeBuyHouses.com will present you with a firm cash offer, including all estimated repair and closing costs. You can expect to receive the offer within 24 to 48 hours.
Step 4- Close the Deal in as Little as Two Weeks
Once you accept the offer, you can work with the We Buy Houses investor to schedule a closing date and complete the sale.
Are We Buy Houses Legitimate?
Yes, WeBuyHouses.com is a legitimate real estate website in the USA. It connects homeowners seeking a quick cash offer for their homes with qualified local home buyers.
We Buy Houses has established some standards that its nationwide licensees must adhere to. This gives them greater credibility than unregulated cash buyers.
Investors must pass a background check conducted by We Buy Houses to use its brand name. They also pay a one-time license fee of $20,000 and a flat monthly service fee of $1800.
How Much Do We Buy Houses Pay?
Cash home buyers frequently apply the 70% rule. That means they’ll only pay 70% of your home’s market value. Moreover, there are also repairs. These costs are deducted by cash buyers.
On the open market, you can find a deal equal to or greater than your home’s current market value. For the best price and terms, an MLS listing is a great way to get maximum exposure to all-cash buyers.
Check out the difference between selling your home by listing it on the open market with the help of an agent and accepting We Buy Houses’ cash offer.
|Selling Your Home with an Agent||Selling Your Home to WeBuyHouses.com|
|No closing costs for sellers||The seller incurs closing costs|
|Listing fees or 5% to 6% commission (including buyer agent’s commission)||No fees|
|Scope for negotiation||No scope for negotiation|
|Get a deal equal to or greater than the home’s market value||Receive a cash offer lower than the home’s market value|
|The seller incurs repair costs||The seller can sell the property in as-is condition|
Selling to We Buy Houses is a quick and hassle-free option, but working without representation may cost you money.
An agent can tell you if you’re getting the best deal and can negotiate on your behalf. The benefits of selling your property on the MLS platform far outweigh those of accepting a cash offer.
We Buy Houses Reviews
We Buy Houses in the USA has customer reviews and testimonials on credible websites like BBB with 3.29 out of 5 stars (7 reviews).
Going by WeBuyHouses.com reviews, the main perk is that its investors are pre-screened and must pay a license fee to use the brand’s logo in their advertising. Because of this, they have greater credibility than the typical private cash buyer.
Common We Buy Houses’ positive reviews talk about brand credibility, ease of transaction, and good customer service experience. Since each We Buy Houses office is independently owned and operated, your experience may vary depending on which investor you work with.
Let’s look at the positive reviews of WeBuyHouses:
✅ They Buy Houses As Is
We Buy Houses buys homes in as-in condition, even if they are facing foreclosure or are in dire need of heavy repairs. They also consider rental properties for purchases.
✅ They Close Fast
They close in as little as two weeks. If you’re in a difficult situation and you need to sell your home quickly, selling to We Buy Houses might be worth considering.
✅ They Are Available Nationwide
We Buy Houses investors are available across the country, which makes it easily accessible.
Here are a few negative aspects of We Buy Houses that are highlighted in reviews:
⛔ Lowball Offers
The We Buy Houses investor views your house as an investment opportunity, hence your offer price may be much lower than the market price of your property.
⛔ Lack of Representation
A realtor or an agent negotiates on your behalf for a 3% commission. In the absence of a representative, you’ll likely find it challenging to get top dollar for your property.
⛔ Lack of Standard Service
Local real estate investors independently own and run We Buy Houses offices. So, your experience with the company is determined entirely by how your local investor pilots you through the process.
Even if you have a pressing need to sell your house fast for cash, we advise you to spend a few days looking over some alternatives to WeBuyHouses.com. This way, you ensure that you receive a fair market price for your home and prevent financial loss.
1. Other We Buy Houses for Cash Companies
There are other “We Buy Houses for Cash” companies in the market. You can request an offer from multiple cash companies and pick the one that suits you the best.
“Cash for Houses” Companies Near You
2. iBuyer Companies
iBuyers, short for instant buyers, are large real estate companies that buy homes for cash. iBuyers have a strict standard for buying homes. They acquire a home in fairly good condition that they can list quickly. They make all-cash offers in 48 hours and can close within two weeks.
» iBuyer Reviews: Check out our 2023 rankings for all iBuyers companies in the U.S.
3. Sell in the Open Market Without a Realtor
Selling a house without a realtor is easier than ever and the process is not as daunting as you may think. Many For Sale By Owner (FSBO) and Flat Fee MLS companies like Houzeo.com make the home-selling process a cakewalk. And they ensure top dollar for your property.
» Flat Fee MLS Companies: Everything you need to know about the best flat fee MLS companies in the USA.
Bottomline: Should You Sell Your House to WeBuyHouses.com?
If you want a quick, hassle-free sale and are willing to leave money on the table, WeBuyHouses.com could be a legitimate option for you to consider. Otherwise, we do not recommend selling your home to WeBuyHouses.com.
Listing on the MLS via a flat fee company like Houzeo.com will expose your property to local and national cash home buyers, and help you get top dollar for your property.