We Buy Houses Abilene: Top 4 Companies
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Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
If you’re selling your Texas home and need to move quickly, a “We Buy Houses” Abilene company could offer you a solution. These companies typically make cash offers on homes, even for properties that need extensive repairs. Selling to one of these companies can be a good alternative to the time and expense of prepping your home for the market.
Whether you’re facing a sudden need to relocate, financial pressure, or simply don’t want to invest in repairs, selling for cash helps ease some of the burden of home ownership.
In this post, we’ll discuss the pros and cons of working with We Buy Houses companies in Abilene, provide some options for companies, and explain how the process works.
Sell Your House Fast in Abilene With a Cash Offer
Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 7 days. No showings, no repairs, no open houses. Available to sellers throughout Abilene, TX.
Working with house-buying companies in Abilene
Selling your Abilene home to a cash-for-homes company can be a good alternative when you need to sell quickly. If you want to skip the hassle of repairs, showings, and extended negotiations, here are the typical steps to selling your house for cash:
- Connect with a company: Reach out to a house-buying company and provide information about your property to start the process.
- Arrange a home assessment: The company will schedule a walkthrough or virtual tour to evaluate your home’s condition.
- Receive a cash offer: After assessing your property, the company will present a cash offer, often within a day or two.
- Consider the offer: Take time to review the offer and determine if it aligns with your needs for a quick sale.
- Accept the offer: If you’re satisfied with the offer, accept it and initiate the closing process.
- Close the sale: Finalize the sale and transfer ownership on a timeline that works best for you, typically within days or weeks.
Popular We Buy Houses for Cash companies in Abilene
If the process of selling to a house-buying company in Abilene sounds good to you, it’s time to find a legitimate operation you can trust. We’ve compiled some of the top companies that will pay cash for your or your parents’ property, whether that’s a ranch or a craftsman bungalow.
By working with one of these companies, you should be able to sell your Abilene home in as little as a week or two.
Joe Homebuyer of West Texas
Joe Homebuyer of West Texas buys houses anywhere in Abilene and throughout Texas, regardless of condition or price. They make the process simple with no fees, commissions, or out-of-pocket costs. Homeowners receive a fair all-cash offer within 24 hours and can choose the closing date that works best for them.
Locations: Abilene and surrounding areas, such as Snyder, Odessa, Midland, and San Angelo
Closing costs: Sellers pay no closing costs; Joe Homebuyer of West Texas covers them.
Joe Homebuyer of West Texas holds an A rating from the Better Business Bureau (BBB). On Google, it received various positive customer testimonials and thus generated a perfect 5-star rating. Clients described the team as kind, courteous, knowledgeable, and professional, noting that the sale process was easier, faster, and less stressful than expected.
Website: joehomebuyerwesttexasarea.com
Phone number: 325-240-6846
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Abilene (and across the country) can request a cash offer for their home. It features one of the largest networks of cash buyers in the U.S. 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 a wide array of properties, even those that need some or a lot of work, in different locations throughout Abilene. With the platform, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Abilene
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it has been BBB accredited since 2019 and now maintains an impressive A+ rating. The company has 4.8 stars on Google based on hundreds of user reviews.
Below, you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks, and what he thought of the process overall.
Website: homelight.com/simple
Phone: 844-488-8455
PS Home Buyers
PS Home Buyers is a locally operated group of real estate investors based in Abilene, specializing in the purchase of houses and land through fast, cash-based transactions. Led by owner John Ramirez, the team is known for its personalized approach and ability to provide cash offers within 24 hours. It closes most deals within just seven days, allowing for a swift and transparent process from the start.
Locations: Abilene
Closing costs: Sellers pay no closing costs; PS Home Buyers covers them.
PS Home Buyers has a few Google reviews but maintains a 5-star rating. Reviewers share that the team was responsive, answered every question quickly, and never applied any pressure. They describe the experience as simple and professional, with a level of care that stood out. Many would gladly recommend PS Home Buyers to anyone looking to sell fast.
Website: pshomebuyer.com
Phone number: 325-518-1198
We Buy Houses, Abilene
Founded in 1997, We Buy Houses operates across 200 markets in 30 states, acquiring properties in any condition. It’s equipped to present cash offers even in challenging situations, such as mortgage delinquency or pending foreclosure, providing tailored solutions to meet a wide range of homeowner needs. Sellers typically receive a no-obligation cash offer within 24 hours, with closings completed in as little as 7 to 14 days.
Locations: Nationwide, including Abilene
Closing costs: Sellers pay no closing costs; We Buy Houses covers them.
Acknowledged as a company built on integrity, We Buy Houses has been BBB accredited since 2020 and has an A+ rating. Its Google Business Profile reflects a 3.7-star rating, as the company received mixed feedback from clients.
Some have shared positive experiences, praising the company for seamless transactions and awarding five-star reviews. However, some have raised issues about the company’s marketing approach, especially unsolicited calls without proper identification.
Website: webuyhouses.com
Phone number: 877-932-8946
Why sell your Abilene house for cash?
If you’ve ever sold your home through the traditional real estate market, you know the process can drag on for months, and there’s no guarantee of a sale. But when you sell to a We Buy Houses company, you’re looking at a guaranteed sale in just a matter of days. Speed, convenience, and certainty are the top reasons many homeowners choose to work with a cash-for-homes firm.
In Abilene, selling a home on the open market using an agent takes around 86 days. That includes an average of 45 days on the market, from listing to signed contract, plus the typical 41 days a buyer needs to close on a purchase loan.
Compare that to the usual seven to 10 days promised by many house-buying companies in Abilene, and it’s clear why these Cash-For-Homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
Selling your Abilene home for cash may be a smart option if you need to sell quickly. Here are some common scenarios where selling to a cash buyer could be the right move:
- Job relocation: If you need to move quickly for a new job and can’t wait for a traditional sale, a cash sale lets you focus on the transition.
- Divorce settlement: A cash home sale offers a practical solution during divorce proceedings, making it easier to divide assets and enabling both individuals to move on more quickly.
- Unwanted inheritance: Selling an inherited home for cash can free you from maintenance and upkeep.
- Downsizing transition: When it’s time to downsize, a fast cash sale can help you transition into your next home without the hassle of prepping your current one.
- Expensive repairs: An as-is sale with a house-buying company is an excellent option when your home is in poor condition and you’re unable or unwilling to make repairs.
- Open house inconvenience: If you don’t want to deal with the stress and disruption of holding open houses, selling for cash skips that step entirely.
- Structural damage: Properties with major foundation problems can scare away homebuyer-occupants, but institutional homebuyers will likely purchase your home without requiring repairs.
- Foreclosure solution: When foreclosure is looming, selling to a cash buyer can help you avoid the process and potentially salvage your credit.
- Problematic tenants: Managing difficult tenants can be stressful, so if you’re ready to let go of landlord responsibilities, house-buying companies can purchase your rental property even with existing tenants.
- Remote home sale: If you need to sell a home from out of state, a cash sale removes the need to travel back and forth.
Pros and cons of house-buying companies in Abilene
Knowing the pros and cons of house-buying companies helps you figure out if they’re the right fit for your situation. These cash transactions can make things quick and easy, but you might not get top dollar for your home. Let’s start with a look at the biggest benefits and then examine the potential drawbacks.
A significant advantage of working with a house-buying company in Abilene is the speed of the process. They buy your home quickly and as-is, meaning you don’t have to worry about repairs, cleaning, or preparing the house for market. Here are a few more key benefits:
- Quick sale: You can typically close the sale in just a few weeks or less, which is much faster than the traditional market.
- No open houses or showings: You avoid the hassle of having strangers walk through your home for showings or open houses.
- Less paperwork: House-buying companies typically simplify the selling process by handling most of the legal and transactional paperwork for you. This means you won’t have to deal with confusing contracts, endless forms, or back-and-forth negotiations.
- Cash payment: You’ll receive cash for your home, which means no waiting for mortgage approvals or dealing with contingencies.
On the flip side, a direct sale to a house-buying company in Abilene may lead to lower returns than a conventional real estate transaction. Let’s take a closer look at this and other potential disadvantages:
- Lower sale price: You’re likely to receive less than the home’s full market value, which can be a significant downside if you want to maximize your profits.
- Scam risks: Some entities may pose as cash buyers but actually engage in house-buying scams, so it’s crucial to vet any buyer thoroughly.
- No negotiations: Offers from house-buying companies are typically non-negotiable, meaning you either accept their price or move on.
- No contingency benefits: In a traditional sale, sellers can rely on contingencies like financing or appraisals for protection, but those safeguards usually aren’t available with house-buying companies.
Curious What Your Home Is Worth?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
Vet cash buyers and know your home’s worth
Before you commit to selling your home to a house-buying company in Texas, it’s essential to do your due diligence. The level of integrity and service can vary widely depending on the person or group making the offer. Here are a few tips to help ensure you’re working with a reputable company:
- Check their market presence: Verify the company’s experience by researching how long they’ve been in business and how many homes they’ve bought.
- Read reviews: Look for testimonials to gauge the company’s reputation. Pay attention to patterns of positive or negative feedback.
- Carefully review the offer: Before you sign anything, read the buying agreement in full to understand all terms, conditions, and fees.
- Ask questions: Don’t be afraid to ask for details about the buying process or how quickly you can expect to receive your money.
Consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. Then, compare your cash offer. HomeLight can connect you with a top-performing agent in Abilene. You can also use our free Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Abilene home quickly
Working with iBuyers
Instant buyers or iBuyers use automated valuation models (AVMs) to quickly assess home values, offering a mostly online selling experience. They provide all-cash offers that are typically closer to market value, especially for homes in good condition.
The homebuying process takes only a few days to two weeks, but major iBuyer companies like Opendoor and Offerpad charge service fees, ranging from 5% to 6% of the home’s sale price. This option works best for sellers with well-maintained homes in regions with uniform housing.
Listing with an agent
Even if you’re looking for speed, don’t overlook listing with a top agent. In a strong seller’s market, strategically pricing and marketing a home could result in a quick sale.
Real estate professionals help you set a realistic price and increase your chances of a fast sale by using insights from a comparative market analysis (CMA), which is often free. HomeLight can connect you with top agents who may also introduce you to cash buyers willing to pay closer to market value.
FAQs on Abilene house-buying companies
By and large, most We Buy Houses for Cash companies in Abilene are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you use an established group with a track record, you can be fairly confident that it’s legit.
That said, as with any financial transaction, it’s a good idea to be on the alert for scams. Always research companies before signing a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the BBB website. Watch for anything that just doesn’t seem right.
Most Abilene We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV), then deduct their estimated repair costs.
Here’s an example of what a simplified formula might look like:
(Your home’s ARV x .70) – repair costs
To see how this might work in a real-world scenario, let’s take a look at an example offer equation. Let’s say your Abilene Ranch-style home could sell for $235,000 after repairs, but it will need $25,000 of work to get there.
($235,000 x .70) – $25,000 = $139,500
In this example, an Abilene We Buy Houses company might offer you around $139,500 for your home. However, different types of house-buying companies will offer varying amounts for homes.
As mentioned previously, iBuyers tend to pay more than We Buy Houses companies because they look for homes in better condition. An iBuyer might pay you 90% or more of the market value while charging a fee for their services.
When you accept an offer from a Abilene We Buy Houses for Cash company, you will likely be coming to grips with a double-edged sword. On the one hand, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. On the other hand, you’ll likely get less money overall for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive will be the price you walk away with at the end of the deal. Of course, asking the company if any hidden program fees might impact your bottom line is always a good idea.
- Research and vet the house-buying companies that serve your Abilene area. Our list above is a good place to start.
- Submit offer requests to a few companies you like best.
- Schedule any required on-site property visits.
- Compare offers. Weigh the pros and cons and choose the best option for you.
- Close the sale in a week to 30 days and get paid. Some companies will let you choose a closing date up to 90 days after accepting the offer, which can be helpful when planning a move.
We Buy Houses for Cash in Abilene vs. top Abilene agent
Another helpful exercise is to compare how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s take a glance at how different aspects of the sale might look and compare possible proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Abilene | Sell with a top Realtor in Abilene |
| Selling timeline | 7 to 30 days | 86 days average; 45 to attract an offer, 41 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the home |
| Showings | None | 10 to 25 showings on average |
| Inspections and repairs | None | May need to make additional repairs for the buyer or renegotiate the price |
| Appraisal | None | May need to lower your asking price if the appraisal comes in low |
| Title search | Cash-For-Homes companies often handle title issues | Must clear the title before you can sell the home |
| Financing contingency | None | Mortgaged buyers use a financing contingency that could hold up the deal if the buyer’s loan doesn’t clear |
| Agent commission | None | 3% to 6% of the home’s sale price |
| Closing costs | None | 1% to 3% of the home’s sale price on top of the agent’s commission |
Example net proceeds
Below, we’ve compiled one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and an agent-assisted sale.
Let’s say your home in Abilene is worth about $210,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $235,000.
| Sell to a We Buy Houses for Cash company in Abilene | Sell with a top Realtor in Abilene | |
| Estimated sale price | ($235,000 x .70) – $25,000 = $139,500 | $210,000 |
| Market preparations | 0 | $2,100 (1% of the sale price) |
| Agent commissions | 0 | $6,300 (3% of the sale price) |
| Closing costs | 0 | $3,150 (1.5% of the sale price) |
| Estimated take-home for seller | $139,500 | $198,450 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent. However, net proceeds are not the only consideration when selling a home.
What’s best for your situation will depend on the condition of your property, the level of repairs needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent’s timeline might not fit your immediate needs.
Key takeaways
- Quick transaction: Cash-for-homes companies offer a fast sale, often closing in just days or weeks.
- As-is condition: These companies buy your home in its current state, so you don’t need to make repairs or preparations.
- Lower price: Cash buyers usually offer below market value for your home, but it can be a worthwhile tradeoff for speed and convenience.
- Limited negotiation: The cash offer you receive is generally a take-it-or-leave-it proposition with little room for negotiation.
- Home valuation: Always be aware of your property’s estimated market value before you proceed with a cash-offer company to avoid extremely low offers.
At HomeLight, we’re happy to lend a guiding hand in navigating your real estate journey. Let us help you make an informed and confident decision, whether you’re looking for a no-obligation cash offer through a trusted platform like Simple Sale or seeking to consult with a top Abilene agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Abilene area “We Buy Houses” companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
Header Image Source: (cboswell/DepositPhotos)
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
