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By Adam Joline – November 25th, 2022
Notable Sections: We Buy Houses Locations | What Are Some Common Complaints About We Buy Houses? | What Is An iBuyer?
Founded Date : 1999
Service Areas: Around 80 Local Areas
We Buy Houses is a house buying company that makes quick cash offers on properties. They claim to provide a hassle-free way to sell your house, and they will even buy houses that are in need of repairs. As an “iBuyer” company, We Buy Houses allows customers to apply online to speak with a representative to get an offer amount their home.
While We Buy Houses may seem like a trustworthy company online, there are a few things you should be aware of before you sell your house to them. Read on to see what real customers of We Buy Houses had to say about their experience, and whether or not you can trust them with the sale of your home.
We Buy Houses is a house buying company that has been in business since 2006. They buy houses from people who need to sell their house fast for cash. They are are a legitimate company that is accredited by the Better Business Bureau. However, their overall experience in the industry is low, having only helped about 1,000 families sell their houses fast for cash.
The majority of We Buy Houses reviews told us that they only were paid about 70% of the market value for their house. While you should always expect a lower offer if you’re looking for fast cash, please keep in mind that 70% is extremely low, by at least 10%. This could mean you lose a very large amount of money you could’ve otherwise held onto with a higher-paying home buyer.
On the other hand, you can almost always get a cash offer closer to fair market value for your home at any of the top customer reviewed home buying companies. This makes We Buy Houses seem a little bit sketchy, but still legitimate to some degree.
Cash Buyers Network has a 40% higher satisfaction rate than We Buy Houses.
No, like most major iBuyers on the market, they’ll buy your property in any condition! Even homes that are destroyed by water, fire, or other fully-destructive conditions are eligible for a cash offer. If nothing else, they want the land that the property sits on, and will be more than happy to give you an offer.
If you are considering selling your house to “We Buy Houses”, it’s a good thing you found the reviews before signing any contracts. Some people have had positive experiences with the company and claim they were able to sell their homes quickly, even if the price was a bit low. However, most people have not been as lucky and have felt taken advantage of, receiving absurdly low offers and being pressured to sell their house by aggressive telemarketers.
If you are considering selling your home to “We Buy Houses” for some quick cash , you may want to think again – we’ve analyzed all of the We Buy Houses reviews from their customers themselves, as well as the reviews of their competitors – so you can compare providers and make an informed decision.
If you’re wondering whether We Buy Houses will pay your closing costs, the answer is yes! They will often cover most, if not all, of the costs associated with selling your home. This includes things like real estate commissions, title insurance, and other miscellaneous fees. So, if you’re looking to sell your home quickly and without having to worry about paying any out-of-pocket costs, We Buy Houses has you taken care of there!
Unfortunately, while these may sound like incredible savings opportunities, “We Buy Houses” has lower-than-average cash offers which already include the extra fees as a cost of doing business – which ends up costing the home owner more in the long term.
For example, you may end up paying closing costs or title insurance with other providers, but it’s often because they get you a much larger cash lump sum for your property, so you can afford to pay the fees and keep a profit vs. the “We Buy Houses” “fee free” system. However, many providers DO legitimately pay your fees, AND don’t take it out of your payment, so you should always keep that in mind.
First, the We Buy Houses reviews claim that they will likely offer you less money for your house than you could get by selling it elsewhere. This is because they are known for extremely low offers that can seem downright fraudulent at times. Secondly, their customer service team is said to be quite difficult to get a hold of after you sign the contract.
There are a few more common complaints about “We Buy Houses” inside their customer reviews. Many people feel that the company is a scam because they are not fully transparent about their fees and how they operate. Others complain that they do not follow through on their promises, or that they take far too long to close on a house.
Ultimately, many upset customers claimed that they believe they would have gotten a much better offer on their house if they had chosen an iBuyer with a higher overall verified customer rating.
“We Buy Houses” claims to vet their real estate investors by ensuring that they are experienced, accredited investors who have a solid track record of success, but our experts were unable to verify that claim after hours of research into the company. We Buy Houses also looks specifically for investors who are committed to helping them achieve their social goals as a company.
These goals are rumored to be the overall creation of a rental property network, where your home may soon be ‘flipped’ and rented out by someone else after a few shoddy renovations. If you plan on buying the home back at any point or having any say in what happens to it, you may want to steer clear of “We Buy Houses”.
We Buy Houses reviews prove that they are a great option for people who don’t care about getting top dollar for their property, even in comparison to offers from other similar “fast cash offer” companies. In fact, 67% of We Buy Houses reviews said that if they still had the chance to choose a different company, they would have chosen a buyer with better reviews.
If you don’t mind the extra low cash offer, We Buy Houses may be a good option to get rid of your house quickly. The company may even ask you to stay at an Airbnb or hotel while they renovate it for a super fast “flip.”
We Buy Houses is headquartered in Atlanta, GA and have offices in Charlotte, NC, Jacksonville, FL, and Tampa, FL. As a relatively low volume cash real estate buyer, their offices do not expand to any other states.
An iBuyer is a real estate company that uses technology to make it easy for homeowners to sell their homes quickly and without hassle. We Buy Houses has helped thousands of homeowners sell their homes. We Buy Houses makes it easy to get a cash offer on your home, and we can close in as little as 7 days.
This really depends on your personal situation financially and how much free time you have to invest into the sale. With a real estate agent, you can ultimately get more money, but the elongated process of home renovations and finding a buyer tends to be more of a hassle than the extra money is worth to many homeowners who just want to get out with their cash quickly.
Click here to check out The Cash Buyers Network
Our Take: The Cash Buyers Network takes houses in any condition. They also close 7 days faster than the national average and are not only able to get you a competitive rate for your house, but also pay for renovations, repairs, inspections, and local moving costs. Because they are cash buyers, you pay $0 in agent fees.
We Buy Houses is a real estate investment company that specializes in the purchase and sale of residential properties. The company is headquartered in Dallas, Texas and was founded in 1992. We Buy Houses has completed over 50,000 transactions since its inception. Here’s how they stack up against their biggest competitors:
Cash Buyers Network has a 40% higher satisfaction rate than We Buy Houses. As the #1 ranked cash buyer option for homeowners looking to sell, Cash Buyers Network provides the highest cash offers across all 50 states.
Opendoor has a 22% higher satisfaction rate than We Buy Homes. Opendoor is a self described real estate solutions company.
20% more reviewers preferred UpNest over We Buy Houses. UpNest was formed in 2012 and is fairly new to the cash for homes business.
Offerpad has a 15% higher satisfaction rate compared to We Buy Homes. Offerpad offers sellers cash for their homes.
Taking the time to sell your home for cash can be a wise choice. You can save on the traditional costs associated with selling your home such as commissions, repairs, and staging. Selling your home for cash can even help you get out of debt. And the money you save can be yours to keep. Here are some of the top benefits of choosing a cash sale:
Speed – In terms of time, selling your home for cash can mean a quick closing and getting money in your pocket sooner. It’s also a good way to avoid foreclosure and to reclaim your credit. However, there are a few things you need to know before you sell your home for cash.
Less Buyer Negotiation – When you sell your home for cash, you’ll get paid in cash immediately. This means you’ll avoid the hassle of finding a buyer and getting them to agree to pay a price that you’re happy with. However, it’s important to remember that you’ll be dealing with a buyer who’s only interested in making a business deal. They won’t have any emotional attachment to your home. If they don’t like the price, they might be willing to back out at the last minute.
Wide Array of Offers – As far as the real estate market is concerned, you’ll need to get ready to have a number of offers come in. This can be a good thing, as it can help you get the best price possible. In fact, if you’re in a hot seller’s market, you may end up with multiple offers. If you aren’t prepared for this, you might end up with a deal that is too good to be true.
No Marketing Stress – Advertising costs are one of the most often overlooked parts of selling your home. Many homeowners see their neighbors selling their homes for large amounts, yet they don’t realize how much marketing cost had to go into it. When you sell your house for cash, you won’t have to deal with the costs of advertising your property or deal with the associated headaches.
Save On Repairs – When selling your home traditionally, you can count on a very large amount of maintenance and repair bills to get it into selling condition. Conversely, when you sell your home for cash instead, you can expect to skip over the repairs entirely, as cash buyers are interested in properties in “as is” condition.