When you are selling a house in California, you can get cash quickly when you sell to a company. Generally, when you sell your house you would sell it to a buyer who would live in it or lease it out. There are many companies that buy homes for cash. Sell Your Home Fast For Cash in California
These companies buy houses at a price lesser than the market price. They then repair or refurbish the house before selling it for a profit. You may wonder why would you want to sell your house at a price lesser than the market price.
The answer is to sell your house quickly for cash. If you are in need of cash urgently, then selling to a company is a good idea. You can close the deal and get cash in your hand within 14 to 28 days.
Companies buying homes for cash
There are two types of companies that buy homes for cash:
- iBuyers: Instant Buyers are companies that buy homes for cash and sell them for profit. They pay anywhere from 70% to 90% of the fair home value. They only buy good properties that have no problems.
- ‘We buy homes for cash’ companies: These companies buy all types of homes for cash. They specialize in buying distressed properties, properties with title issues, and rented properties. They would usually pay anywhere from 50% to 70% of the home value.
Depending on the issues with your home, you can choose either of these two companies.
The best companies that buy homes for cash
- Houzeo
Houzeo is a technology firm that allows you to list your house for sale. They are a flat fee MLS company that charged $499 to list your house on the MLS. When you list your house, iBuyers who buy homes for cash would see your listing. They would then make an offer. You can expect up to 100% of market value from them.
Selling through Houzeo is easy thanks to the technology they use. Their Intellelist technology makes it easy to list your home and manage the listing. Houzeo is well-known for its customer support and has a customer rating of 4.9/5. They offer various packages including à la carte services that you can use if needed.
- Redfin
This is a well-known real estate company that operates nationally. They have a service known as Redfin Now that functions as an iBuyer. They buy different types of homes. They are known as an ‘as-is buyer’ who buy homes on an as-is basis. They can make you an offer within 24 hours. They can close the deal within 14 days.
Redfin cash offer reviews however show some issues with their services. They have a poor rating of 2.5/5. The biggest downside of their service is that they can charge up to 13% of the sale price as service charges. They also charge closing costs and costs for repairs. This can become very expensive, and you end up getting lesser money.
- Opendoor
Opendoor is the largest iBuyer company in the USA. If you want to sell your home in California through them, you can get 90% to 100% of the market value. They would provide you with a cash offer within 24 hours of listing your property. Closing can happen within 14 days.
Their charges can vary from 6% to 13% of the sale price. Opendoor is suitable if your home has no repairs or any such problems. They have a rating of 4.5/5 from more than 2500 reviews. Their services are ideal for experienced home sellers. First-time sellers may find it a bit difficult.
- Offerpad
This is another well-known iBuyer company that can offer your anywhere from 90% to 100% of the market price. With a customer rating of 4.6/5, they are well-known for their fast closing. They can close the deal once you accept their offer within 7 days. If you are looking to sell your home quickly, you can work with them.
Like the other iBuyers, they also charge 6% to 13% of the sale price as their fees. If there are no repair costs involved, these costs can come down. In case you want to stay on even after selling the house, they can give you extra time. If you want to cancel the deal after accepting, you have to pay 1% as cancellation costs.
