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‘We buy houses’ companies in Houston

If you’re in a hurry to sell your home in Houston, you’re in luck. There are several options available to expedite the process, including working with cash homebuyers. In this blog post, we’ll explore the pros and cons of selling to cash homebuying companies, as well as alternative methods for selling your Houston home.

Cash Homebuyers in Houston

In Houston, you have a range of options when it comes to choosing a homebuying company. From national players to local operations and iBuyers, each comes with its own set of considerations.

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  1. National ‘We Buy Houses’ Companies

  • We Buy Houses: One of the most renowned nationwide cash buyers, We Buy Houses sends a representative to assess your home and often makes an offer within 48 hours. The closing process can be as quick as 7 to 14 days.
  • HomeVestors (We Buy Ugly Houses): Operating in a similar manner, HomeVestors offers a fast cash offer, with the potential to close the deal in as little as three weeks, and no closing costs.

  1. Local Cash Homebuyers

  • Houston House Buyers: Founded by Houston locals, Jason Bible and Tom Perry, this company promises competitive offers due to their close relationships with area contractors.
  • PPS House Buyers: Established in 2017, PPS aims to provide homeowners with flexible solutions for selling their homes quickly, without incurring commissions, fees, or closing costs.
  • Move On House Buyers: A family-owned business since 2012, they buy properties in any condition and claim to make cash offers without requiring an in-person home visit.

  1. iBuyers

  • Opendoor and Offerpad: These two major players in the iBuying field operate in Houston and can make offers in as little as 24 to 48 hours, with quick closings.
  • Orchard: Offering a unique buying-and-selling program, Orchard helps you sell your current home while assisting with the purchase of a new one. However, note that iBuyers may charge extra fees on the sale.
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How Do ‘We Buy Houses’ Companies Work?

Most of these companies operate as fix-and-flip operations. They offer lower purchase prices, make necessary repairs and cosmetic updates, and then resell the homes for a profit. While this approach benefits sellers in terms of speed and convenience, it’s important to acknowledge that you may receive a lower offer compared to a traditional sale.

Alternatives to Consider

If you’re not in a rush to sell, there are alternative methods to explore:

  1. Traditional Home Sale: Working with a qualified agent in Houston may yield the highest price for your house, though the process will take longer and involve paying the agent’s commission.
  2. For Sale By Owner (FSBO): Some Houston sellers opt for the FSBO route, using services like Texas FSBO to advertise their homes. However, be prepared for a substantial time commitment and potential challenges.
  3. Renting Your Home: If you can afford to move without needing immediate profits from the sale, consider renting out your property. This can generate a steady stream of rental income.

Conclusion

While many homes in Houston are selling quickly, working with a cash homebuyer can expedite the process even further. However, it’s important to weigh the benefits of speed against potentially receiving a lower offer. Consider your priorities and circumstances carefully before making a decision.

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