Do you have a house in the Sunshine State you wish to sell without any of the work? We buy houses for cash company in Florida can buy your home and offer you an all-cash deal even if your home needs work.
If you are thinking about how to sell a house by owner in Florida, we buy houses for cash companies are your best draw. As the name implies, they directly buy properties from home sellers for cash. So, if you have lack of expertise, time, or money, you can quickly sell your home and receive the proceeds from your home in cash way sooner.
We buy houses for cash companies can help you sell your home quickly, often in under a week. If you have a home that is in poor shape and would not appeal in the traditional market, you can choose to sell it to cash buyers. Also, in order to make the offer more attractive, the cash companies often do all the paperwork in the home sale leaving no work for you.
The only disadvantage of working with we buy houses for cash company is that they generally buy a home for way less money than what you’d make by selling it on the open market. Also, you are not given any room to negotiate the offer they make. By selling your Florida home traditionally and working for some months, you can make a lot more money. If possible, it is advised that you sell your home on the market and not leave money on the table.
How we buy houses for cash companies operate in Florida
A company selling a house by owner in Florida promises ultra-fast closing in as little as seven days and a quick, all-cash offer. Such companies often target distressed properties, which are in need of repairs, and sellers who want to sell their homes as soon as possible.
Below is how we buy houses for cash companies operating in Florida:
- You want to sell your house quickly and for cash and you request an offer from a cash company by providing them with some information on your home. Some companies can use technology to make a preliminary offer right then, which can change after they inspect your property.
- The company person inspects your property in person and does a complete walk-through usually within a day or two of your submitting request.
- After inspecting your property, the cash company makes you a firm offer mostly within a day’s time. You can either accept or decline the offer. Mostly we buy houses for cash companies do not negotiate on the price, so the offer is mostly a take-it-or-leave-it one.
- In case you accept the offer of the cash company, you and the company sign a contract that begins the closing process of your home sale. While some companies can offer you a handsome deposit or something like moving cost assistance, a few may even pay you the complete money for the home upfront.
- Closing of the sale and getting paid is quick, generally within a couple of weeks. The closing and payment may vary as per the company. Also, when you sell your home to buy houses for a cash company, you have the flexibility to choose your move-out date suitable to you.
Most cash companies in Florida follow the above steps to help homeowners quickly sell their homes. However, things like the amount a company can offer for your home, the amount of sale process that is digitalized, and the time needed to close the sale can vary from company to company.
Should you sell your house in Florida for cash?
Selling a home for cash isn’t for all but it has its share of benefits. You can sell your home in Florida for cash if you want to benefit from the following advantages:
- Your home sells faster than you could have ever imagined
As per the data from Florida Realtors, the median time in which a sale happened for a home in Florida was 58 days in January 2022. Time of sale is the number of days it takes in the home selling process from the time of property listing to the closing of a sale. In the 58-day period, it took a median of 14 days to attract an offer for a home.
In comparison, when you sell your home to we buy houses for cash company in Florida, you can receive an offer in as low as a day or two and close the sale in as low as seven days.
2. You don’t need to repair the home you are leaving
If you had taken the path of selling your home via a traditional realtor or even via a good flat fee MLS service like Houzeo, you would have to make repairs to your home, improve its curb appeal, get it painted, decluttered, and photographed to upload its images on its listing. But while working with cash companies, you don’t need to do all that as you can sell your house as is.
3. You don’t have to worry about buyer’s financing
Many lenders do not agree to provide financing to home buyers for homes that do not meet minimum property standards as evaluated by home appraisers. So, a water-damaged bathroom or an illegal sunroom addition can cause delays in a home sales or cause your buyer’s contract with its financier to fall through.
In comparison, Florida cash companies purchase your home as is and can accept your home even if it has a certain large or small issue. This leads to a straight path to settlement and can bring you a huge relief when you don’t want to make the repairs.
4. Time is money. You don’t need to wait for the closing for months at end
When you choose to work with we buy houses for cash company in Florida against a real estate agent, you are not required to trim your lawn or hide your furniture for a home showing. You can skip all these and more when selling your home to a cash buyer and save your valuable time.
5. Your home closing costs are reduced to their minimum
In a typical agent-assisted sale, you need to pay an exorbitant agent commission that can amount to about 5% to 6% of your home’s sale price. There can even be many additional closing costs and concessions you must pay up.
But when selling your home to a cash buyer company, many such fees like closing costs are eliminated. Many we buy houses for cash companies in Florida cover closing costs in full as per the deal.
Top 5 we buy houses for cash companies in Florida
Below is the top we buy houses for cash companies you must look into in Florida:
- Houzeo
Houzeo is the best company you must work with to get multiple cash offers for your home. You can get your home listed on MLS using Houzeo.com and get your home exposed to a great many numbers of cash buyers. Companies like Homevestors and Opendoor submit cash offers on Houzeo. You can even negotiate cash terms you want in your closing on the site.
2. House Heroes
House Heroes is a local property investor in Florida that buys homes in select cities in the state. The company primarily caters to South Florida. You can call them directly to receive an offer and can close with them as per your timeline.
3. Offerpad
Founded in 2017, Offerpad is an iBuyer company that is known for its fast closing schedule. Its patented tool evaluates the price of your home and generates an initial offer price for your property as per the housing market stats and insights from their real estate market specialists. Offerpad typically makes an offer of about 70% to 90% of your home’s Fair Market Value but your property has to be in desirable neighborhoods and needs minimal repairs.
4. Florida Cash for Home
Florida Cash for Home purchases all kinds of properties in varying conditions and even if you aren’t able to evacuate your tenants, the company can help you with that. You can call to receive an offer from Florida Cash for Home. They’ll do a walk-through of your home before giving you a final cash offer. You can expect to close the sale within seven days
5. Freedom Cash Home Buyers
Started in 2017, Freedom Cash Home Buyers offer cash buying services at no hidden fees or closing deductions. To sell your house to them, you have to first talk with a representative from the company over the phone and provide info about your home and requirements. After checking your home, a representative from the company will give you an offer over the phone. Upon accepting the offer, you can expect to receive your cash in 10 to 20 business days.
To sum it up
Although we buy houses for cash companies are advantageous and work for some people, but they are not for everyone. If you want to sell your home for a better sale price and even faster than the traditional process, you can sell a house by owner in Florida with a good flat fee MLS service like Houzeo.