Top 9 Companies That Buy Houses for Cash in 2022

By Amy Beardsley

Posted on October 3rd, 2022

9 Best Companies That Buy Houses for Cash | Are Companies That Buy Houses for Cash Legit? | Pros and Cons | Alternatives

exchanging a house for cash

Selling a home is one of the most stressful endeavors a person can take on. But selling your house for cash can ease some of the burden. After all, a cash offer can help you avoid some of the biggest hassles, like having to juggle open houses or negotiating offers.

Companies that buy houses for cash generally come in two varieties:

  • We Buy Houses companies
  • iBuyers

Both can help you move your home fast — but you’ll likely sell for less than what you could get on the open market.

🔎 We Buy Houses Companies vs. iBuyers: What's the Difference?
  • We Buy Houses companies typically offer less and stick to homes that need major repairs.
  • iBuyers offer cash for your house and typically pay closer to fair market value. iBuyers are interested in houses that need minimal repairs.

If you're wondering whether you should sell your home to a cash buyer or list it on the open market, our friends at Clever Real Estate can help with their cash buyer program. Clever can match you with a top, local agent who can get you cash offers on your house and help you compare them. Then you can decide if it's worth selling to a cash buyer or if it's better to sell on the open market.

💡 Try Clever's cash buyer program and compare cash offers on your home!

Pros and Cons of Selling to Companies That Buy Houses for Cash

✅ Pros
❌ Cons
  • Close in as little as 7 days
  • Flexible closing date if you need more time
  • No open houses, negotiations, or contingencies
  • Sell for less than market value
  • No agent on your side
  • Might not be available in your area

9 Best Companies That Buy Houses for Cash

Many people choose to sell their home with the help of a real estate agent because they don't know where else to start. Another option is to sell your house for cash. Here are the top iBuyers and We Buy Houses companies that can help you sell your house fast.

Offerpad

⏱️ Time to Offer
1 day
🗓️ Min. Closing Time
8 days
💰 Service Fees
5%
📍 Locations
Metro areas in AL, AZ, CO, FL, GA, IN, NV, NC, TN, TX

In terms of transaction volume, Offerpad is the second-largest iBuyer in the U.S. You can get an offer in as little as 24 hours.

Depending on your selling goals, Offerpad offers two options: Offerpad Express and Offerpad Flex. The Express option lets you sell your house for cash with no waiting required. Offerpad Flex is essentially a backup option that gives you 60-days to think things over while you list your house on the market.

What You Need to Know About Offerpad

To get an offer within 24 hours from Offerpad, you must upload photos of your home with your initial request. You only have four days to respond to the offer, but you can request another one if it expires.

RedfinNow

⏱️ Time to Offer
1 day
🗓️ Min. Closing Time
10 days
💰 Service Fees
5-13%
📍 Locations
Select cities in AL, AZ, CA, CO, FL, GA, ID, IN, MN, MO, NV, NJ, NY, NC, OH, OK, OR, SC, TN, TX, UT, VA

RedfinNow promises a lower fee than a traditional agent, but the cost can still be quite high, ranging from 5% to 13%. If you decide to not accept their cash offer, you have the option to reach out to a Redfin agent to discuss selling your house on the market.

What You Need to Know About RedfinNow

You have a limited amount of time, just five days, to consider the offer. Keep in mind that RedfinNow charges fees that can go up to 13%, which is much higher than fees charged by other companies that buy houses for cash.

We Buy Ugly Houses

⏱️ Time to Offer
Varies
🗓️ Min. Closing Time
3 weeks
💰 Service Fees
None
📍 Locations
Franchises nationwide

We Buy Ugly Houses sends a real estate expert out to evaluate your house. The visit doesn’t cost anything, and you don’t have to accept the company’s offer. If you do, the process is pretty quick — We Buy Ugly Houses can get the cash in your hand in as little as three weeks after you accept their offer.

What You Need to Know About We Buy Ugly Houses

Unlike other cash-offer companies, We Buy Ugly Houses doesn’t charge a service fee. They even take care of the normal closing costs that go along with the sale.

Your offer will be less than market value, but the trade-off might be worth it to avoid repairs, cleaning, and house showings.

HomeVestors

⏱️ Time to Offer
Varies
🗓️ Min. Closing Time
3 weeks
💰 Service Fees
None
📍 Locations
Franchises nationwide

HomeVestors is part of the We Buy Ugly Houses franchise. You’ll get a lot of the same services and experience, including a free in-home consultation. The property specialist will review your property and can make you a cash offer on the spot.

The fastest you could close is three weeks after you sign the agreement. You won’t pay any fees, and HomeVestors covers normal closing costs if you accept their offer.

What You Need to Know About HomeVestors

Not having to pay fees or closing costs can keep more money in your pocket. You won’t get market value, but you can skip a lot of stress by selling your house as-is to HomeVestors.

Opendoor

⏱️ Time to Offer
1 day
🗓️ Min. Closing Time
14 days
💰 Service Fees
5-14%
📍 Locations
Select cities in AL, AZ, CA, CO, DC, FL, GA, ID, IN, MI, MN, MO, NC, NY, NJ, NV, OH, OK, OR, SC, TN, TX, UT

It only takes a few minutes to get an initial offer from Opendoor, a popular iBuyer. You’ll do a video walkthrough of the house to give the company more information, and your offer amount can change based on the condition and other factors.

You also don’t have to move out right after closing. If things don’t go as planned, Opendoor’s Late Checkout program can allow you to stay in your home a little longer.

What You Need to Know About Opendoor

The option to stay in your home after you close is a nice feature that can let you avoid multiple moves and storage unit rentals, but you will pay a daily fee and refundable security deposit to take advantage of that option.

Sundae Real Estate

⏱️ Time to Offer
4 days
🗓️ Min. Closing Time
10 days
💰 Service Fees
None
📍 Locations
Select cities in CA, CO, FL, GA, NV, SC, TN, TX, UT, WA

Sundae Real Estate works differently than the other options on this list. Rather than buying your house, Sundae connects you with local investors who can choose to buy your property. You can still sell your house as-is and get cash faster than with a traditional sale.

What You Need to Know About Sundae

After scheduling a no-cost home assessment, you’ll wait up to four business days to get a cash offer. losing is flexible, with options from 10 to 60 days.

We Buy Houses

⏱️ Time to Offer
1-2 days
🗓️ Min. Closing Time
7 days
💰 Service Fees
None
📍 Locations
AZ, CA, CO, CT, DC, FL, GA, ID, IL, KS, MA, MD, MI, MN, MO, NC, NH, NJ, NM, NV, NY, OK, PA, TX

Don’t confuse We Buy Houses with We Buy Ugly Houses. It’s a different company, but it can still get you cash for your house.

We Buy Houses connects you with a local real estate professional to get you an offer in 24 to 48 hours. You could even close within a week, depending on your circumstances.

What You Need to Know About We Buy Houses

We Buy Houses has one of the quickest closing times, and it could be your best option if you need to sell your house fast. If you move out of the area, you don’t have to come back for closing. The company can mail your check or deposit it directly into your bank account.

MarketPro Homebuyers

⏱️ Time to Offer
Instant / Varies (See Below)
🗓️ Min. Closing Time
Varies
💰 Service Fees
None
📍 Locations
DC, MD, Northern VA, PA

You’ll get an immediate cash offer from MarketPro Homebuyers without the hassle of inspections, banks, or mortgage companies. If you accept their offer, you won’t pay closing costs or commissions, either.

You can also take advantage of their white glove service that cleans out your house and helps with packing and moving.

What You Need to Know About MarketPro Homebuyers

The website claims the company will give you an instant offer. However, you must wait for a phone call after submitting your name, address, and phone number. MarketPro Homebuyers has a phone number to contact if you want faster service, but that doesn’t guarantee a quicker offer.

I Buy Houses

⏱️ Time to Offer
Varies
🗓️ Min. Closing Time
Varies
💰 Service Fees
None
📍 Locations
Nationwide

I Buy Houses is a network of investment buyers who are looking to buy houses as-is.

They can help you sell your home fast whether you’re selling a condo, townhome, single or multi-family property, stick-built or mobile home, or commercial property.

But you don’t have to be in a hurry to use I Buy Houses. You have the option to sell quickly or take your time, depending on your situation.

What You Need to Know About I Buy Houses

I Buy Houses can help you get cash for your house, but it doesn’t buy houses directly. Instead, they connect you with a buyer who is completely independent of the company.

Are Companies that Buy Houses for Cash Legit?

Getting cash for your house without paying for repairs or agent commissions sounds too good to be true. But the companies on this list that buy houses for cash are legit. Typically, you fill out a form to request a quote and someone from that company contacts you to make you an offer.

However, real estate scams are a problem all across the U.S. Many other companies are out there, and you should always do your homework to make sure they are authentic and reliable options.

Alternatives to Companies that Buy Houses for Cash

Selling your house for cash isn’t the only option to get out of your home quickly. Real estate investors and agents can also help you.

Real Estate Investors

Selling to a real estate investor might net you more cash from the sale of your house. But it could take more time to find an investor who wants to buy. You may also need to make repairs if they aren’t interested in an as-is sale.

Sell with a Real Estate Agent

Real estate agents are often the go-to when homeowners are ready to sell. If you’re hesitant because of the cost, don’t be. Most agents charge a commission that’s around 6%, but a low-commission real estate agent can provide all the same services without the high cost.

Selling a house for cash can save you time but cost you in profits. So before you sign with a company that will buy your house for cash, it pays to compare offers. And it's even better if you have an expert helping you do so.

That's why we partnered with Clever Real Estate. Clever is a nationwide low-commission brokerage that can match you with top local agents who can sell most houses for just a 1% fee, instead of the standard 2.5-3% most agents charge. And with Clever's cash buyers program, you can get an agent who will get you cash offers on your home and help you choose the right course of action.

With Clever, you'll have an expert by your side, guiding you through cash offer comparisons. In some cases, it makes sense to sell for a bit lower than market value for a quick cash offer. In others, you may get significantly more on the market. Each home is different, but the choice is yours — you just won't have to do it alone.

Interested in learning more about Clever's cash buyer program? Fill out the link below to get started!

Get fair offers from cash home buyers now

Compare offers from top cash buyers and then get a local realtor's opinion on what your house is worth.

Recommended Reading

FAQs for Companies That Buy Houses For Cash

What Are Companies That Will Buy Houses For Cash?

Companies that buy houses for cash generally come in two varieties: We Buy Houses companies and iBuyers. Both can help you move your home fast, but you’ll likely sell for less than what you could get on the open market. Learn more about selling your home with companies that will buy houses for cash.

Are Companies that Buy Houses for Cash Legit?

Yes, there are legitimate companies that will buy your house for cash without you having to pay for repairs or agent commissions. However, real estate scams are a problem all across the U.S. Learn more about legitimate companies that will buy your house for cash.

Can I Sell My House Fast For Cash?

Yes. Some cash buyers can make an offer on your home within a day, and close in as little as seven days. But, you will likely end up getting a lower price than if you sold your house the traditional way. Learn more about selling your house fast for cash.

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Posted in Buying a House, Closing on a House, Selling a House