9 Top Companies that Buy Houses for Cash in 2024

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Companies that buy houses for cash offer a convenient and fast way to sell your home, without the need to list it on the market, stage it for showings, or wait for a buyer to secure financing. Getting a cash offer from one of these companies that buys houses “as is” can be useful in a number of scenarios, whether you’re in debt or going through a divorce.

A cash buyer can also assist in the event that you can’t afford to make repairs or are helping a family member who needs to move quickly due to a change in health or other circumstance.

In recent years, technology has made it easier to find cash offers from house buying companies. For example, HomeLight’s Simple Sale platform helps you sift through your many options by providing you with the strongest offer from our extensive network of cash buyers across the country.

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Selling a house is a big deal, and starting the process can be overwhelming. When working with a house buying company, you’re typically going to receive less for your home than you would with a traditional buyer. On the flip side, many (but not all) cash offer companies will cover a seller’s closing fees.

To help you get started, let’s take a closer look at who pays cash for houses, how the process of selling a house for cash works, and the pros and cons of using cash home buyers. Then, you can make a truly informed decision on whether to sell your house for cash and who to request an offer from.

Companies that buy houses for cash today

There are many different types of companies that buy houses for cash, including individual investors, small local companies, and large national chains. You’re likely familiar with house buying brands such as We Buy Houses (in your city) and We Buy Ugly Houses® — but there are others, too.

Let’s take a closer look at companies that buy houses for cash and what you need to know if you’re considering selling your home to one. We’ve done the research to give you a list of reputable cash home buyers with reviews and details about each, so you can start shopping for an offer.

Disclaimer: The specifics of house buying programs listed below can frequently change. Please visit the company’s website for the most up-to-date information on each individual company’s process, locations, and additional facts.

HomeVestors / We Buy Ugly Houses®

Part of HomeVestors of America, We Buy Ugly Houses is the largest professional house buying franchise in the U.S. Since its launch in 1996, the company has purchased over 140,000 homes. It specializes in buying distressed properties for cash, enabling sellers in precarious situations to close in as few as three weeks. We Buy Ugly Houses is known for its bright yellow billboards and branding featuring caveman Ug Lee. Review our overview of the operations and history of We Buy Ugly Houses for a more in-depth look at the company.

Locations: Available in 46 states through 1,100 independently owned and operated franchises. See the full list of locations.

Closing costs: Sellers pay no closing costs; We Buy Ugly Houses covers them.

Simple Sale (a HomeLight platform)

Simple Sale, a solution from HomeLight, is an online marketplace where sellers across the country can request a cash offer for homes in almost any condition. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold.

This enables Simple Sale to provide cash offers for an extensive array of properties, even those that need some or a lot of work. With Simple Sale, you can get an all-cash offer in as little as 24 hours. The offer is commitment-free, so if the numbers make sense for your situation, you can sell your home in as few as 10 days, skipping the months it can take to sell the traditional way.

Locations: Available throughout most of the nation — input your address to see if Simple Sale provides cash offers in your area.

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.

We Buy Houses

Since 1997, We Buy Houses has been helping homeowners quickly sell homes in any condition for cash. Not to be confused with We Buy Ugly Houses, the company is not a franchise business, but rather offers a license to its marketing and branding programs for professional real estate investors that already have “established processes for buying and selling real estate,” according to an informational page on the WeBuyHouses.com website. The company says it is trusted by over 1 million homeowners and will provide a no-obligation cash offer in 24-48 hours.

Keep in mind that “We Buy Houses” is no longer a trademarked term; so not every company you see using “We Buy Houses” in their name or marketing is going to be associated with the WeBuyHouses.com brand we’re describing here. Make sure you’re aware of who you’re working with, and don’t assume “We Buy Houses” to be the only indicator of a company’s legitimacy.

Locations: The company serves over 200 markets in more than 30 states and has local offices throughout the country. You can enter your ZIP code on the website and answer a few questions about your home to be connected with a licensee in your area.

Closing costs: Sellers pay no closing costs; We Buy Houses covers them.

Express Homebuyers

Having purchased over 4,000 homes since beginning operations in 2003, Express Homebuyers expanded from initially making all-cash offers for homes in Maryland, Virginia, and D.C. to many states throughout the nation. As an added perk for sellers who need extra cash right away, Express Homebuyers says it will provide up to a $10,000 cash advance to help with expenses.

Locations: Based in Springfield, Virginia, Express Homebuyers identifies 27 states plus Washington, D.C. as “top states” where it operates. Click on the state where you live for information about cities that the company serves.

Closing costs: No closing costs; Express Homebuyers covers them.


Founded in 2018, HomeGo provides cash offers to homeowners in three easy steps. First, a representative of the company will conduct a 30-minute home walkthrough. Next, HomeGo says it will provide a firm cash offer on the spot. In the final step, closing takes place in as little as seven days, and sellers have the flexibility to move when they want. Don’t fret if there’s no time to clean out the garage or attic since the company will take care of unwanted items left behind.

Locations: HomeGo is a national company with over 30 offices across the country in 23 states. View a full list of the company’s current locations.

Closing costs: No closing costs; HomeGo covers them.

MarketPro Homebuyers

Founded in 2012, MarketPro Homebuyers provides solutions to sellers in the Mid-Atlantic region with a focus on Washington, D.C., Maryland, Pennsylvania, Virginia, and Florida. The firm says it differentiates itself from other house buying companies by providing “white-glove service, with full clean out service, along with packing and moving assistance.” MarketPro Homebuyers purchases homes in as-is condition, provides transparent cash offers during a same or next-day in-person or virtual appointment, and generally closes in as little as a week with the flexibility to close on your timeline.

Locations: MarketPro Homebuyers serves over 25 counties throughout Virginia, Maryland, Pennsylvania, Washington, D.C., and Florida. Click on your state’s link for more information about areas where the company operates.

Closing costs: No closing costs; MarketPro Homebuyers covers them.


Sundae is a marketplace that connects homeowners selling distressed properties with multiple local investors who want to buy them. Sellers speak with an advisor over the phone or fill out an online form. The next steps are a brief home visit by a market expert followed by a home inspection and seller disclosure.

Your home is then listed on the Sundae investor marketplace along with photos and a 3D tour. Sundae provides sellers with their highest offers to review after four business days. If you find an offer to your liking, you can close in as few as 10 days or within 60 days depending on your timeline. Sellers may also be eligible for a cash advance of up to $10,000 prior to closing.

Locations: Based in San Francisco, Sundae serves 10 metro areas across California and Texas. The company is planning to expand its operations, so check its location page for an up-to-date list.

Closing costs: None; Sundae says sellers can sell as-is and pay zero fees.

iBuyer companies

Having first emerged in the mid-2010s, iBuyers or instant buyers are a newer type of house buying company. Utilizing algorithmic tools known as automated valuation models (AVMs) to price homes, iBuyers typically purchase properties in better condition than other house buying companies. They provide a convenient way to sell your house either entirely or mostly online. For more information on iBuyers, we recommend HomeLight’s guide to the top six iBuyer companies for 2024.


Launched in 2014, Opendoor is considered the nation’s pioneering iBuying platform. It buys homes directly from sellers who can easily receive a no-obligation offer in minutes by submitting information online.

According to the company’s FAQ page, Opendoor typically buys homes in the range of $100,000 – $600,000, but in some cases will go up to $1.4 million depending on the market.

Opendoor buys homes in various conditions, but criteria like a short sale, unpermitted additions, major foundation issues, flood or fire damage, or dated materials may impact the company’s decision to purchase a home.

Locations: Opendoor serves over 50 metropolitan areas nationwide, including Atlanta, Dallas-Fort Worth, Denver, Las Vegas, Los Angeles, Miami, Minneapolis-St. Paul, Nashville, and Phoenix.

Closing costs: Opendoor currently charges a service fee of 5% of the home’s sale price and estimates closing costs of 1%. But as an iBuyer, Opendoor typically pays closer to market value for properties than traditional house flippers.


Launched in 2015, Offerpad is one of the largest iBuyers by transaction volume along with Opendoor. Sellers provide information about their property by spending three minutes to fill out a questionnaire, according to the company website.

The option to upload photos or take Offerpad on a 15-minute virtual walkthrough of the home potentially results in a more competitive offer. Sellers typically receive a no-obligation cash offer within 24 hours. If you’re moving locally, Offerpad will even pay a professional moving company to haul your furniture and belongings to your new home.

Locations: Offerpad operates in 14 states, including Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Missouri, Nevada, North Carolina, Ohio, South Carolina, Tennessee, and Texas.

Closing costs: Offerpad charges a 5% service fee and estimates closing costs at 1%. However, iBuyers such as Offerpad usually pay closer to market value for homes than conventional companies that flip houses.

Why sell to a company that buys homes?

“Selling to a cash buyer is a huge time saver,” says Will Holly, owner of Holly Nance Group, a boutique real estate investment firm in New Jersey that has purchased over 1,000 homes.

With work and family obligations, you might not have the time to oversee needed renovations or repairs before listing your home, so working with a company that buys houses is a viable alternative.

Maybe the roof is nearing the end of its lifespan, the paint is peeling, or the entire house should have a cosmetic makeover, but you’ve decided against making a substantial investment in your old home when you’d prefer spending your money on building a new home in a 55+ community.

Not all sellers have the time or budget to prep their house for sale or make extensive renovations necessary for a proper listing.

“With a cash buyer, you have certainty,” says Holly. Selling to a house buying company eliminates the uncertainty of getting a mortgage approved.

In addition, some sellers dislike the idea of strangers wandering around their home during open houses and repeated showings.

Is ‘We Buy Houses’ legitimate?

While it’s always a good idea to keep an eye out for scams or anything that just doesn’t seem right, most companies that buy houses for cash are legitimate. You can rest assured that this business model has been around for a while.

People have been flipping homes as we know it today since the ’80s and well-known real estate investing operations like We Buy Houses and We Buy Ugly Houses® have existed since the late ’80s to mid-’90s. iBuyer companies, such as Opendoor and Offerpad, emerged in the mid-2010s as a newer house buying concept.

However, house buying companies are generally going to pay less than market value for your home, even if they are 100% legitimate. The amount each offers may differ, but the price discount can be steep regardless of which house buying company you go with. To better understand just how much money you might be leaving on the table, get a preliminary estimate of your home’s worth today by answering a few brief questions on HomeLight’s Home Value Estimator.

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These companies can also provide a quick and flexible closing, reduce or eliminate the need for repairs, and in many cases will cover all of the seller’s closing costs. But Holly cautions, “Not all home buying companies pay closing costs.” He recommends asking exactly what fees the buyer will pay as you compare offers to determine your take-home amount when the transaction is finalized.

Your sale price might be less when you sell to a house buying company, but it’s all about weighing the trade-offs and determining what’s best for your situation. “Most homeowners end up being more profitable by the time they save and the headaches they avoid,” Holly remarks.

What’s the process of selling a house for cash?

While the process varies from business to business, selling your home to a house buying company typically involves the following steps:

  1. Decision: A homeowner decides a traditional listing isn’t for them. Perhaps their house requires a lot of work, they need a quick sale, or they do not want to host any showings or open houses.
  2. Contact: A seller contacts a company that buys homes in their area and provides basic information about their property. Companies may also reach out to sellers about buying their home.
  3. Preliminary offer: At this stage, some house buying companies will provide a preliminary offer that is subject to change after a house assessment.
  4. Assessment: The company schedules a walkthrough of the property to evaluate its condition, usually within 24 to 48 hours.
  5. Firm offer: The company makes a firm offer (usually within 24 hours, sometimes on-site after the walkthrough) that you can accept or decline. Most of these companies will not negotiate on price, so the offer is typically “take it or leave it.”
  6. Closing: If you accept the offer, you and the company will each sign the contract and the closing process will begin. Some firms offer a large deposit or assist with moving costs, and a few may even pay for the home upfront.
  7. Payment: The seller receives payment quickly, generally within seven days to a few weeks, although this varies by company. Sellers who work with a house buying company often enjoy flexibility in selecting a move-out date that works for them.

How do house-buying companies determine what to offer?

“Most house buying companies will do a comparative market analysis similar to a Realtor® to determine what your home can be resold for after repair,” says Robert Taylor, an experienced rehabber in Sacramento. “They’ll then deduct for commissions, resale costs, and repairs, plus a small profit margin.”

Types of companies that buy houses for cash

Not all house buying companies are the same. These entities can range in size, areas served, and business goals. Here’s an overview of the main categories of house buying companies you’re likely to encounter in today’s market.

1. House flippers

House flippers are real estate investors that purchase homes at a discount with the intention of remodeling to add value, then resell those properties quickly for a profit. House flippers look for specific improvements to boost equity, such as cosmetic updates, mechanical repairs, an addition, or a change to the layout.

Holly flips half the homes he purchases and rents out the other half. He typically aims for a 10% to 15% return on his investment.

Examples of house flipping companies:

  • HomeVestors / We Buy Ugly Houses®
  • Certain investors on HomeLight’s Simple Sale platform
  • WeBuyHouses.com

2. Buy-and-hold companies

Buy-and-hold companies purchase houses with the intention of renting them to tenants for a profit. “Similar to flippers, they will look to acquire properties that offer enough potential equity or cash flow that they are able to make an acceptable return on investment for their owners or stakeholders,” explains Owen Dashner, owner of Red Ladder Property Solutions in Omaha, Nebraska.

Most of these investors use the “BRRRR” model, which stands for “Buy, Rehab, Rent, Refinance, Repeat.” Although many buy-and-hold companies focus on multi-family buildings desirable to renters, the two examples below purchase, renovate, and lease single-family houses.

Examples of buy-and-hold companies:

  • Invitation Homes operates in 16 metropolitan areas such as Atlanta, Chicago, Dallas, Phoenix, and Tampa.
  • American Homes 4 Rent serves major cities in 13 states including Arizona, Colorado, North Carolina, and Tennessee. This company also builds new home rental communities.

3. iBuyers

An iBuyer, also known as an instant buyer, uses real estate market data and technology to make immediate offers on houses, typically sight-unseen, after being contacted by the owner. Most iBuyers focus on buying houses that don’t need a lot of work, but they charge a service fee to sellers, typically 5%-6%.

Upon completing a thorough home inspection, which is after the buyer accepts their initial offer, an iBuyer also may request a credit called a “concession” to cover repair expenses.

“With higher rates and less activity, the market is less forgiving,” says Holly. He expects some smaller house buying companies to go out of business in the current real estate climate.

But buying homes for cash has been a losing proposition for larger companies as well, noted by the departure of two major iBuyers, Zillow Offers and RedfinNow. RedfinNow shut down its operations in November 2022, while Zillow Offers closed up shop in Nov. 2021.

Example of iBuyer companies:

  • Opendoor
  • Offerpad

4. Trade-in and ‘buy before you sell’ companies

Many people need to sell their existing home in order to have enough funds to cover the purchase of their new home. Some companies provide or specialize in what are known as trade-in or “buy before you sell” programs to facilitate a smoother process.

Generally, trade-in companies will offer to buy your current home or present modern, convenient options that free up your equity to buy a new house and remove the need for a home sale contingency.

Example of home trade-in companies or “buy before you sell” platforms:

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5. Local investors

Some home buying companies focus on purchasing houses in specific regions, states, and cities. These companies may have a national or multi-state presence under a unified brand bolstered by local offices run by associates affiliated with the umbrella company. Other local investors may be even more “mom-and-pop” in that they have small teams and may only work with a handful of homes per year.

Holly purchases houses in New Jersey under the $600,000 price point, preferring to steer clear of high-end homes. “It’s a different strategy, and they sit longer on the market,” he explains.

For sellers seeking a cash offer from a house buying company, working with a local firm may put additional money in your bank account. According to Holly’s experience, “A local company with an office near your home will pay more.”

Example of local investors:

  • These are the individual investors and businesses that appear when you do a search for something like “cash home buyers in [my city].”
  • Some of these companies may specialize in your specific location or be associated with a brand serving a broader area.
  • HomeLight’s Simple Sale platform connects sellers with local investors who purchase homes for cash.

Pros and cons of selling to cash house buyers

Still not sure if you’re a good candidate for working with a home buying company? Here’s a quick comparison of some of the most notable benefits and drawbacks of this arrangement.


  • Sell fast: Most property investors buy houses with cash, which eliminates what are often the two most time-consuming steps of the closing process: the lender-required appraisal and financing approval. Settlement delays occur with 7% of real estate contracts, according to an October 2023 survey by the National Association of Realtors (NAR). While purchase loans take an average of 47 days to close, cash homebuyers can close in as few as 10 days to two weeks.
  • Skip repairs: Buyers on the open market are more likely to want turnkey homes, so they can move right into their new residence without waiting for renovations to be completed first. Even if buyers have the funds to make repairs, they often prefer to avoid the hassle and headaches of working with contractors. But house buying companies frequently purchase as-is homes since they have the capital and expertise to update a house, removing most, if not all, of that burden from the seller’s shoulders.
  • No staging or open houses: When selling on the open market, homeowners face an endless cycle of cleaning, staging, and showing the home. An investor typically does one virtual or in-person assessment before providing an offer. They will look at the bones of the property and care less about whether the house is pristine or show-ready. So many of the day-to-day inconveniences of having a house on the market evaporate when working with a house buying company. No need to remove pets, put away family photos, or disrupt your schedule to make yourself scarce during an open house or showing.
  • Flexible move-out dates: Buyers frequently want to move into their new house as soon as possible, which can be a challenge for sellers who need extra time to haul items away or plan their next move. But a home buying company is generally more flexible, so you can stay a bit longer if needed. Although some buyers may agree to rent the property back to you for a short period of time in a sale-leaseback transaction, it’s often even easier to coordinate a longer move-out time frame with a house buying company that offers some level of built-in flexibility.


  • Lower offers: House buying companies usually seek a price that’s below market value in exchange for paying cash, closing quickly, and providing more flexibility than in a traditional sale. A lower offer is often necessary so the company can cover its costs, make renovations, and turn a profit when purchasing a home.
  • Less competition for your home: An offer from a house buying company eliminates the chance to start a bidding war on your home or receive multiple offers to drive up the price. House buying companies also view your property through an objective business lens, so they’re unlikely to sweeten the price based on emotions or sentimental value.
  • Potential risk for scams: Although many homebuying companies are legitimate, some are not. It’s always a good idea to be vigilant about possible scams. Always do your research, compare your options, and consult with a trusted advisor before accepting any offer.

FAQs about companies that will buy home for cash

We’ve already covered a lot of ground in our exploration of house buying companies and the real estate landscape teeming with cash buyers. However, you may still have some additional questions, which we aim to address below.

1. Is a homebuying company the right choice?

Sometimes. In many cases, a lack of time, money, and expertise for making significant repairs are reasons why sellers work with a house buying company rather than listing. Others prefer to avoid repeated showings. However, a house buying company is often not the right choice if your primary selling goal is to maximize the sale price.

2. What are the main reasons for selling to a house buying company?

How you choose to sell your home is always a personal decision, but here are a few scenarios that could make working with a house buying company seem more appealing.

When you’ve got a very complicated situation, Holly says it might be preferable to sell to a house buying company that is better equipped to deal with intricate matters such as an estate sale or foreclosure. “In more complex situations, sometimes it’s the only way to go,” he remarks.

3. Which house buying site is best?

Your home may be a better match for certain house buying companies than others. iBuyers are a sound option for those selling homes in good condition at a particular price point; rental investors are better suited for rentable properties in high-yield areas, and house flippers typically seek homes that are in disrepair. If you’re unsure where to start, consider requesting an offer through Simple Sale, which provides all-cash offers for a variety of property types in locations across the country.

4. What are the best alternatives to house buying companies?

Selling to a house buying company isn’t the only route to a swift and easy transaction. A top-rated real estate agent can help you take the necessary steps to attract a quick offer while addressing any obstacles to settlement. A knowledgeable agent who understands your goals can guide you with pricing, marketing, and connections to local investors or qualified individual buyers who are eager to purchase a home like yours and close the deal fast.

5. Are house buying companies legit?

Most We Buy Houses for Cash buyers are legit, and you can rest assured that this business model has been around for decades. However, it’s always a good idea to keep an eye out for scams or anything that just doesn’t seem right. Always thoroughly research companies ahead of time. Verify all professional licenses, get a referral if possible, and vet the company with online customer reviews.

“It’s not easy to unwind a contract after you sign it,” says Holly, stressing the importance of taking extra precautions to ensure that you are dealing with a reputable firm. If the company doesn’t have the cash it promised to pay you or can’t close during the timeline you expected, it could take months to resolve disputes during which your house could linger on the market and potentially decline in value.

Even if the company is on the up and up, Holly says to be on guard for wholesalers posing as cash buyers. They’ll pay even less for your home, and then will mark up the price when they quickly flip it to an actual house buying company that will renovate and sell the property.

6. How long does it take to sell a house for cash?

House buying companies can typically close on homes in as few as seven days to a couple of weeks. But they usually can provide a longer closing interval to sellers who need more time to pack up and move. Sellers should keep in mind that factors like title issues, inheritance complications, and HOA rules can cause settlement delays, even when working with a company that buys houses for cash.

7. What closing costs does a cash buyer cover?

It’s common for house buying companies to pick up all the closing expenses associated with a sale, including escrow and title costs. House buying companies are often willing to help cover a seller’s closing costs knowing that someone facing financial hardship doesn’t always have the funds to do so.

8. How much do house buying companies pay?

Each house buying company may offer different amounts for homes depending on the types of properties they purchase and their business specifics.

Many house buying companies follow the 70% rule, meaning they’ll offer 70% of your home’s “after repair value” (ARV), which takes into account deductions to make repairs and renovations. iBuyers tend to look for homes in better condition and frequently pay much closer to market value, typically in the 90% range and sometimes more.

However, keep in mind that major iBuyers like Opendoor and Offerpad usually charge sizable fees for their services, often around 5% or higher.

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Final thoughts on companies that buy houses for cash

Homes are on the market for a median of two weeks, unchanged from last year, according to the NAR’s 2023 Profile of Home Buyers and Sellers. While that means you may still get an offer quickly, sellers also need to consider an additional 47 days for mortgage processing and approval if they’re working with a financed buyer.

Selling to a house buying company by contrast typically results in a much faster process with a lot less hassle, although you aren’t likely to get as much for your home. “You’re paying for convenience and fully aware that you’re not getting top dollar,” Holly notes.

If you’re intrigued by the idea that a house buying company could offer to buy your home tomorrow, but are a little skeptical about whether you’d be happy with the outcome, HomeLight can connect you with a top real estate agent in your area for further advice. Alternatively, get started with your home sale today by requesting a no-obligation cash offer through Simple Sale.

Additional FAQs on the top companies that buy houses for cash

Writer Valerie Kalfrin contributed to this story.

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