6 Top We Buy Houses for Cash Companies in Alabama
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- 15 min read
- Dwayne Vega, Contributing AuthorCloseDwayne Vega Contributing Author
Dwayne Vega is a freelance writer with a specialization in real estate content. He works closely with B2C and B2B companies providing useful and engaging content that converts viewers into clients. When he isn’t writing for work, you can find him reading and writing for his ongoing MFA in Creative Writing.
- Richard Haddad, Executive EditorCloseRichard Haddad Executive Editor
Richard Haddad is the executive editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
Not all “We Buy Houses” companies in Alabama are equal. Everyone has seen the brightly colored “We Buy Houses for Cash” signs on the side of the road. Those are not your only options. There are different types of house-buying companies that offer a convenient and streamlined method for selling homes online.
We Buy Houses companies in Alabama make all-cash offers for homes that often need some work, enabling sellers who lack the time, expertise, and money for repairs to move quickly and receive the cash proceeds from their home sooner if they need it.
Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Alabama We Buy Houses companies should not be considered endorsements.
Perhaps you’re relocating from Huntsville to pursue an unexpected job opportunity in Texas or Florida. Alternatively, you might be facing a financial deadline or an unexpected life change and need to move right away. Regardless of your unique situation, prioritizing a speedy sale may prove beneficial.
If you need to sell your Alabama home quickly, a We Buy Houses for Cash company could be the best solution. However, before you request a cash offer, it’s important to understand how much an Alabama house-buying company might offer for your home and weigh all your options. Once you’re familiar with the process, you can opt to select a company from our list of some of the top contenders and get moving.
Working with house-buying companies in Alabama
We Buy Houses companies in Alabama typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. They tend to target distressed properties in need of repairs, and work with sellers who need to move ASAP.
Here’s how the process generally works:
- You request an offer and provide the company with some information about your home. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property.
- The company completes a walk-through of your property, usually within 24 to 48 hours.
- The company makes a firm offer (usually within 24 hours, sometimes on-site after the walk-through), which you can accept or decline. Most of these companies will not negotiate on price, so the offer is a take-it-or-leave-it scenario.
- If you accept the offer, you’ll both sign a contract, and the closing process will begin. Some companies offer a large deposit or moving cost assistance, and a few may even pay for the home upfront.
- Closing and getting paid is quick, typically within seven days to a few weeks. This can vary by company, and sellers who work with a house-buying company often enjoy flexibility in selecting a move-out date that works for them.
Popular We Buy Houses for Cash companies in Alabama
If the advantages of selling to a house-buying company in Alabama resonate with you, it’s time to find a reputable operation you can rely on.
We’ve compiled a list of some of the leading companies that will pay cash for your parents’ Victorian-era Queen Anne home in Montgomery; after all, old homes need a lot of upkeep. Or, while Roll Tide and ‘Bama will forever hold a special place in your heart, your career has led you to Georgia, and you need fast cash to make the move. Selling to one of these companies could facilitate the sale of your Alabama home within a week or two.
Note: Individual program details frequently change. Please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. HomeLight always recommends doing your own research to determine which selling option is best for your situation.
Birmingham Homebuyers, LLC
Jason LeSueur started Birmingham Homebuyers, LLC in 2018. He has 30 years of experience in the Birmingham metro area and takes pride in his local roots. His team strives to help Alabamians sell their houses fast, and the company is active in the market — purchasing 50 to 60 homes each year. While they primarily serve Birmingham, the company also buys houses from Tuscaloosa to Talladega and Huntsville to Montgomery.
Birmingham Homebuyers, LLC has a four-step process. Step one is to fill out a contact form. Step two is to schedule an appointment. Step three is an in-home inspection by a company rep and a no-obligation offer. Step four is closing with a local attorney. A homeowner can sell their house in as few as seven days.
Locations: Birmingham and other nearby cities
Closing costs: Sellers pay no closing costs; Birmingham Homebuyers, LLC covers them.
Birmingham Homebuyers, LLC has been BBB accredited since March 17, 2016. The company holds an A+ rating. Customer reviews for Birmingham Homebuyers, LLC speak to the company’s patience and thoroughness. They express their appreciation for receiving a “very good” price for their home. The company has a 4.6 Google rating from almost 40 reviews.
Phone: 205-502-2161
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Alabama – and across the country – can request a cash offer for their home. Simple Sale connects you to the largest network 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 a little or a lot of work, in different locations throughout Alabama.
With Simple Sale, you can receive an all-cash offer in 24 hours and complete the sale of your home in as few as 10 days, bypassing the lengthy process often associated with traditional selling methods.
Locations: Nationwide, including Alabama
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is BBB-accredited with an 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.
Phone: 844-488-8455
Moe Buys Homes
Moe Buys Homes was founded on January 1, 2019. They purchase homes in Alabama, Florida, and Georgia, with their headquarters located in Orange Beach, Alabama.
The company uses its own cash to purchase homes; no banks are involved. Moe’s process works like this. First, the seller fills out a contact card or calls the company directly about the property. Second, the company determines whether the house meets its criteria, and if so, the seller is presented with a cash offer. Finally, the transaction closes with a local title company. The process could be completed in as few as seven days.
Locations: Alabama, Georgia, and Florida
Closing costs: Sellers pay no closing costs; Moe Buys Homes covers them.
Moe Buys Homes is not BBB accredited but holds an A+ rating. Customer reviews for Moe Buys Homes speak to the fairness of the offer, especially when compared to other “We Buy Houses Alabama” companies. They specifically express gratitude for Moe’s help, efficiency, and fair offers. The company has a 4.0-star Google rating.
Phone: 251-299-9632
We Buy Houses in Bama
We Buy Houses in Bama highlights its local ties and passion for helping fellow Alabamians. The husband and wife team, both named Jordan, promise a fast, fair, and reliable offer to the home seller.
We Buy Homes in Bama has a three-step process. First, a homeowner fills out a form and provides details on the home’s location and contact information. Second, the company contacts the seller for a property inspection and makes a cash offer. Third, if the seller accepts the cash offer, the company typically closes within seven to 14 days.
Locations: Huntsville
Closing costs: Sellers pay no closing costs; We Buy Homes in Bama covers them.
We Buy Homes in Bama has been BBB accredited since March 2021, and holds an A+ rating. There are no reviews on the BBB site, but one Google customer review for We Buy Homes in Bama speaks to the stress-free experience and the easy process. They appreciate the fair price offered for the home. The company has a 5.0-star Google rating.
Phone: 256-607-4109
Veritas Buyers
The company was founded in 2020 and is now owned by Cesar Garcia. They are a local homebuyer that purchases properties as investments. Veritas Buyers hangs its hat on the level of experience that its team brings. The team members are professionals in the real estate industry, and that brings added value to the transaction.
Veritas Buyers has a three-step process. The first step is to schedule a consultation with the seller, during which the seller discusses different aspects of the home. Second, the company makes a cash offer in as few as 24 hours. Third, if the seller accepts the offer, a local title company closes the transaction.
Locations: Huntsville area
Closing costs: Sellers pay no closing costs; Veritas Buyers covers them.
Veritas Buyers has a Google Review rating of 5.0 stars. Customer reviews for Veritas Buyers speak to the professionalism of the company and express surprise and appreciation that the company offered a fair price for homes. Several reviewers noted that the process seemed to be hassle-free.
Phone: 256-488-4055
Best Homes & Property Solutions
Best Homes & Property Solutions has been around since 2020. Bill Brumbeloe, the redeveloper, has a passion for purchasing homes and rejuvenating neighborhoods. The company buys and sells houses in North Alabama, including Huntsville and Decatur. The company buys houses in any condition or price category.
Best Homes & Property Solutions employs a four-step process. Step 1: They collect your contact information and the location of the seller’s home. Step 2: The company contacts the seller within 24 hours and makes an offer. Step 3: The seller accepts or rejects the offer. This usually takes about 48 hours. Step 4: The seller gets the cash.
Locations: North Alabama area around Huntsville
Closing costs: Best Homes & Property Solutions does not charge for their service.
Best Homes & Property Solutions has a Google Review rating of 5.0 stars. Customer reviews for Best Homes & Property Solutions speak to Bill’s professionalism, quality, and responsiveness. They express relief with how the company goes out of its way to provide solutions for sellers in distressing situations. We were unable to locate a BBB listing for Best Homes & Property Solutions.
Phone: 256-277-9888
Why sell for cash in Alabama?
There are a lot of reasons why an Alabama seller may choose to go the Cash-For-Homes route, speed and certainty being primary factors.
In Alabama, it typically takes around 100 days to sell a home on the market using an agent. That includes an average of 57 days on market, plus the typical 43 days a buyer needs to close on a purchase loan.
Compare that to the typical seven days promised by many We Buy Houses for Cash companies in Alabama, and you can see why these companies remain popular, even though they don’t always offer top dollar.
Not every seller has months to prep, market, show, and close. Let’s look at some common reasons Alabama sellers choose Cash-For-Homes companies over listing the traditional way.
- The home has major repair issues common in Alabama such as grading and drainage issues after especially heavy rains in Birmingham or near the many state rivers.
- The seller needs to move or cash in quickly due to divorce, job relocation, medical need, financial stress, etc.
- The seller doesn’t have the means or desire to make repairs.
- The seller doesn’t want to bother prepping the home, dealing with showings, negotiating, or navigating a long sales process.
- The seller prefers the privacy of selling their home off-market to a cash buyer.
- The seller is in the foreclosure process and wants to sell the home and settle up with the lender before it’s too late.
- The seller inherited property and wants to unload it as quickly as possible.
- The seller is a landlord who has problem tenants or no longer wishes to manage a rental property.
- The homeowner is aging and moving into a care facility, prompting their family to sell the home.
- The seller is living out of Alabama and prefers the ease of a cash sale.
If any of these sounds like you, requesting a cash offer from a We Buy Houses for Cash company might be a good starting point, though it’s not your only option, and it may not be your best move (we’ll dive into your other options in just a minute!).
Pros and cons of house-buying companies in Alabama
By now, you’ve probably figured out that We Buy Houses for Cash companies in Alabama are a bit of a mixed bag. You get speed and service, but you may pay a sizable premium for that service. Let’s walk through a few pros and cons to consider while weighing your options.
Pros to We Buy Houses for Cash in Alabama
One of the biggest advantages of working with We Buy Houses for Cash companies in Alabama is that you can sell your home “as-is” with no repairs required, and they’ll buy homes in any condition.
If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.
Here are some other pros to consider:
- Speed: You can often sell your home in as few as seven days.
- Certainty: Since the company does a pre-offer walk-through, their offer is firm and comes with few (if any) contingencies. Cash-For-Houses companies are experts at clearing roadblocks and closing deals.
- No repairs: Again, if your home is in rough shape and you don’t have the funds or the patience to make repairs, you can skip them altogether and save yourself the stress.
- Less hassle: You don’t have to deal with staging, open houses, fielding offers, negotiating with picky buyers, worrying about the appraisal, or stressing about the buyer’s financing falling through. Overall, reputable We Buy Houses for Cash companies in Alabama offer a smooth ride from offer to close.
That all may sound pretty great to you as a seller if you’re looking to move within weeks rather than the months it might take you to list and sell your home on the market with an agent. However, there are downsides to working with Cash-For-Homes companies. Namely, they typically offer substantially below market value for your home.
Cons to We Buy Houses for Cash in Alabama
When considering an offer from a We Buy Houses site, remember that these are house-buying companies, which means they’re ultimately trying to make a profit. They plan to fix up your home and either resell it or rent it out. That takes considerable time, skill, and investment.
Here are some potential downsides to consider:
- Lower offers: Most companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value (or the value that your house could sell for on the market once it’s all fixed up) minus repair costs. So the price you get for your home may be appreciably lower than what you’d get on the market.
- Inconsistent market knowledge: Not all cash homebuying companies are equal. Some are more localized, have specific neighborhood knowledge, and are able to leverage that expertise into more competitive offers. Others are less knowledgeable about the specifics of your community, which could result in lowball bids.
- Not all companies are trustworthy: Some companies make extremely low offers to desperate homeowners and try to pressure you into making a quick decision. A few bad players may even engage in fraud tactics, though it’s uncommon.
- They may use pressure tactics: These companies know that homeowners looking to sell quickly are often desperate, and some do take advantage of that by using pressure tactics. You should never feel pressured to accept an offer, especially since there are plenty of We Buy Houses for Cash companies in Alabama to choose from. If anyone makes you uncomfortable, it’s time to move on to another option.
Your home is more than a place where you make memories with family; it’s also likely your biggest asset. Sure, you want to sell quickly, but you could be leaving major money on the table if you choose to work with a We Buy Houses for Cash company.
Always do your research, compare your options, and consult with a trusted advisor before accepting any offer.
Vet cash buyers and know your home’s worth
For many home sellers, We Buy Houses for Cash companies can be a solid solution to get a property sold quickly or to access cash for an expected life challenge. On the other hand, the Cash-For-Homes rehabbing business model has also led to what some housing advocates call predatory tactics.
The level of integrity and customer service you experience can vary, even within an established house-buying company that strives to maintain consistent business standards. This is because many We Buy Houses for Cash companies are franchises and often use independent investors or local wholesaling outfits. Your experience greatly depends on the character of the person or group making the offer.
If you are considering a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
Get a home value estimate
Before committing to a We Buy Houses for Cash company, HomeLight suggests you consult with a top agent to get a better idea of what your home might be worth if sold on the open market. Then compare cash offers to what a top agent might be able to get for your home. HomeLight can connect you with a top-performing agent in your market.
You can also use HomeLight’s free Home Value Estimator right now to get an initial ballpark estimate in less than two minutes.
Other options to sell your home quickly
iBuyers
Within the Cash-For-Homes industry, you’ll also encounter a particular group of companies known as iBuyers, or instant buyers.
iBuyer companies offer sellers many of the same conveniences of other house-buying operations, but they also leverage algorithmic technology, otherwise known as automated valuation models (or AVMs), to make you a near-instant offer on your home and provide a user-friendly, mostly online home sale experience.
iBuyers have only been around since the mid-2010s but are now widely available across Alabama.
iBuyers offer all-cash and can close in a matter of days to a few weeks. But unlike more traditional We Buy Houses for Cash companies, iBuyers tend to look for homes in better condition and offer much closer to market value, typically in the 85%–95% range.
However, one thing to note is that major iBuyers like Opendoor and Offerpad usually charge sizable fees for their services, between 5% and 6%.
Sellers who may be a good fit to work with an iBuyer in Alabama include those who prefer to skip staging and showing their home, who live in an area with somewhat similar housing, and who have a home in relatively good shape.
Listing with an agent
You want to sell your house quickly, not in 100 days. But hear us out! With tight housing inventories in many markets, selling with an agent can still be swift, especially for homes that are priced strategically.
Going with an agent could pay off big time. Selling on the market generally fetches the highest home price, and that’s especially true if you work with a skilled professional. Our internal transaction data at HomeLight shows that the top 5% of Alabama real estate agents sell homes for up to 10% more than average agents.
This is a big financial decision, so it may make sense to consult with a trusted Alabama real estate agent who can complete a comparative market analysis (CMA) to help you understand your home’s value and how quickly it’s likely to sell.
Your agent may even be able to connect you with cash buyers who are willing to offer closer to market value for your home.
Plus, a CMA is usually free, and you’re under no obligation to list with the agent, so this may be a good tool to explore your options. Even if you end up deciding to work with a Cash-For-Homes company, at least you’ll know you’re making a sound financial decision.
Overwhelmed by finding an agent? HomeLight would be happy to connect you with a top performer in your area today.
Key takeaways
- We Buy Houses for Cash companies in Alabama can offer you a way to sell your home in as few as seven days with no repairs, showings, or hassles.
- There are many reputable cash homebuying companies across Alabama, and most sellers going this route can find a company that suits their needs.
- You could leave significant money on the table using a Cash-For-Homes company versus going with a top agent or iBuyer.
- HomeLight’s Simple Sale platform provides no-obligation, all-cash offers for homes in almost any condition in Alabama. Because the platform has partner investors with different buying parameters across Alabama, it can be a great starting point if you aren’t sure who would buy your home.
FAQs on Alabama house-buying companies
Are We Buy Houses for Cash companies legit or scams?
Most We Buy Houses for Cash companies are legit, and 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, check customer reviews, get a referral if possible, and vet the company on the Better Business Bureau website.
How much will We Buy Houses for Cash companies in Alabama pay?
Most Cash-For-Homes companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value (ARV), minus repair costs.
Here’s what that simple formula looks like:
(Your home’s ARV x .70) – repair costs
Now let’s take a look at a practical example. Let’s say your Alabama Craftsman home could sell for $350,000 after repairs, but it’s going to need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $215,000
In this example, an Alabama Cash-For-Homes company will probably offer you about $215,000 for your property.
However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay closer to 85%-95% of market value while charging a fee for their services.
How much does selling a home to a We Buy Houses for Cash company in Alabama cost?
Selling a home to a We Buy Houses for Cash company shouldn’t cost you any money, though you’ll likely get less overall for your home.
Since these companies are geared toward distressed homes, they tend to have zero fees, and will even cover your closing costs. That means the offer you get is the price you should walk away with. Make sure to ask about any hidden program fees that could eat into your bottom line.
How do you sell a house for cash in Alabama?
- Research and vet house-buying companies available in your area. The above list is a great place to start.
- Submit offer requests to your top few companies.
- Schedule any on-site visits.
- Field and compare offers. Choose the best option for you.
- Close in a week to 30 days and get paid (or you can often choose a later closing date, up to 90 days after receiving the offer)
We Buy Houses for Cash in Alabama vs. top Alabama agent
Wondering how a We Buy Houses for Cash company stacks up against working with a top Alabama real estate agent? We’ve got you covered.
Aspect of the sale | Sell to a We Buy Houses for Cash company in Alabama | Sell with a top Realtor in Alabama |
Sale timeline | 7 to 30 days | 100 days average; 57 to attract an offer, 43 to close the loan |
Home preparations | None | Make necessary repairs, deep clean, declutter, landscape, stage home |
Showings | None | 10 to 25 showings average |
Inspections / repairs | None | May need to make repairs for the buyer or renegotiate price |
Appraisal | None | May need to lower the price if appraisal comes in low |
Title search | Cash-For-Homes companies often handle title issues | Must clear title before you can sell home |
Financing contingency | None | Mortgaged buyers use a financing contingency that could hold up the deal if the loan doesn’t clear |
Agent commission | None | 3%-5.8% average* |
Closing costs | None | 1% to 3% of sale price on top of commission* |
Example net proceeds
Let’s say your home in Mobile is currently worth about $218,000 and needs about $15,000 in repairs. Once the repairs are made, the home should be worth around $233,000.
Sell to a We Buy Houses for Cash company in Alabama | Sell with a top Realtor in Alabama | |
Estimated sale price | ($233,000 x .70) – $15,000 = $148,100 | $218,000 |
Market preparations | 0 | $2,180 (1% of sale price) |
Agent commissions | 0 | $6,540 (3%* of sale price) |
Closing costs | 0 | $3,270 (1.5%) |
Estimated take-home for seller | $148,100 | $206,010 |
Obviously, financially, it’s usually in your best interest to go with a top agent, but depending on the condition of your home and any repairs needed, selling on the open market could be challenging.
Agent commission changes
*On March 15, 2024, the National Association of Realtors (NAR) announced a landmark lawsuit settlement that will change the way real estate agent commissions are handled in the future. These changes will “decouple” seller and buyer agent compensation. Industry experts predict that this decoupling will likely lower agent fees and give buyers the ability to negotiate commission amounts directly. Learn more.
House-buying companies can be a good alternative for Alabama sellers in need of a quick exit from homeownership, but they’re not without drawbacks. However you choose to sell your home, it’s important to avoid making a hasty decision.
For best results, take the time to weigh your options, gather offers from multiple companies, and consider consulting with a top agent to see how easily your property could sell on the market. Whatever you decide, HomeLight would be happy to help with your Alabama real estate needs!
Writer Chelsea Levinson and Contributing Editor Frances Metz assisted with this post.
Header Image Source: (Nathan Anderson / Unsplash)