We Buy Houses Allen, TX: Top 5 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.
Selling your house doesn’t have to be a lengthy process. We Buy Houses Allen, TX companies offer all-cash deals, often targeting homes that need repairs. For homeowners on tight deadlines who need to fix up their property, these businesses provide a quick and simple solution.
If you’re looking for a fast sale to handle an unexpected move, financial challenge, or other pressing need, a cash-for-homes offer can help you move forward without delay. But is it the best option for your situation?
Sell Your Allen House Fast With an All-Cash Offer
Get an all-cash, no-obligation offer on your Allen home 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.
This guide breaks down how these companies work, how to weigh the pros and cons, and how they compare to other fast-sale alternatives like iBuyers and top agents in Allen, giving you the information you need to decide.
Working with house-buying companies in Allen
A We Buy Houses company in Allen can help you sell your home in less than a week. If you’re considering this option, here’s a quick overview of the process of selling for cash so you know what to expect from start to finish.
- Contact the company: Reach out to a house-buying company in Allen by phone or online to provide basic information about your property.
- Schedule a home evaluation: The company will arrange a time to visit your home or assess it virtually to determine its condition and value.
- Receive an offer: After the evaluation, you’ll get a no-obligation cash offer, often within 24 to 48 hours.
- Review and accept: Decide whether the offer meets your needs. If it does, sign the agreement to proceed.
- Close the deal: The company will handle the paperwork and schedule the closing, which can happen in as few as 7 to 10 days.
- Get paid: At closing, you’ll receive your payment in cash or via a bank transfer, allowing you to move forward quickly.
Popular We Buy Houses for Cash companies in Allen
If the process of selling to a house-buying company in Allen 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’ ranch-style or Tuscan-style home. By working with one of these companies, you should be able to sell your Allen home in as little as a week or two.
Myers Home Buyers
Myers Home Buyers was established to offer homeowners an easier alternative to selling the traditional way. Starting from a small office with just three employees from a top real estate team, the company has grown to help thousands of homeowners sell distressed properties in various locations in Texas.
The team provides fair, all-cash offers with no commissions or fees. Closings can happen in just days or on a timeline that fits the seller’s needs.
Locations: Throughout Texas, mainly Dallas-Fort Worth metroplex and Houston, including Allen
Closing costs: Sellers pay no closing costs; Myers Home Buyers covers them.
Myers Home Buyers earned a high A+ rating from the Better Business Bureau (BBB). On Google, it scored 4.6 out of 5 stars, as several clients report that the team is professional, responsive, and easy to work with throughout the process.
They value the fair offers, smooth transactions, and flexibility to accommodate unique situations. The experience is often described as quick and hassle-free. Many clients say they would gladly work with them again for future opportunities.
Website: myershomebuyers.com
Phone: 866-771-2250
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Allen (and across the country) can request a cash offer for their home. It connects you to 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 Allen. With this 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 Allen
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 holds 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.
Website: homelight.com/simple
Phone: 844-488-8455
Ready House Buyer
Ready House Buyer is a real estate solutions firm that offers homeowners fast, fair cash offers and a streamlined, stress-free selling experience. The company eliminates low-ball offers, long waits, and the hassles of agents, open houses, or inspections.
Homeowners receive a cash offer within 24 hours and can choose a closing date that fits their schedule. Ready House Buyer focuses on making the process simple, efficient, and tailored to each client’s needs, providing a reliable, hassle-free path to selling a home.
Locations: Throughout Texas, including Allen
Closing costs: Sellers pay no closing costs; Ready House Buyer covers them.
With numerous positive reviews, Ready House Buyer earned a high 4.9-star rating on Google. Clients commend the team for delivering exceptional service to those looking to sell. They note that the staff makes even the most daunting home sales feel simple, thanks to their attention to detail and commitment to customer satisfaction.
With a focus on professionalism and efficiency, Ready House Buyer Dallas helps sellers close quickly and smoothly, without unnecessary stress. Homeowners seeking a trustworthy partner for their selling journey consistently find reliability and support with this team.
Website: readyhousebuyer.com
Phone number: 214-225-3038
Home Buying Guys
Home Buying Guys is a Dallas-Fort Worth-based home-buying company dedicated to helping homeowners sell their houses fast for cash. The team combines a passion for real estate with a commitment to revitalizing neighborhoods throughout North Texas.
They specialize in assisting homeowners facing difficult or unwanted properties and make the selling process stress-free. Sellers can choose a closing date that fits their needs, from just two weeks to a year away.
Locations: Plano, Texas, and surrounding areas, including Allen
Closing costs: Sellers pay no closing costs; Home Buying Guys covers them.
Home Buying Guys achieved an A+ rating from the BBB. Its Google Business Profile has 4.9 stars, with several customers sharing that the staff made selling a property quick and effortless, especially in urgent situations. They appreciated receiving top-dollar offers with minimal effort on their part.
The process is described as smooth, professional, and straightforward. Many clients would recommend them and consider using their services again in the future.
Website: homebuyingguys.com
Phone: 972-379-9003
Southern Hills Home Buyers
Southern Hills Home Buyers is a family-owned and operated real estate firm based in Plano, Texas. Founded in 2010, the company serves the entire Dallas-Fort Worth Metroplex, specializing in the purchase of residential and commercial properties.
In addition to helping homeowners sell quickly for cash, Southern Hills Home Buyers works with investors and property owners seeking efficient solutions for their real estate assets. Known for its responsive and professional approach, the company can complete transactions in as little as seven days when needed.
Location: Plano, Texas, and surrounding areas, including Allen
Closing costs: Sellers pay no closing costs or commission; Southern Hills Home Buyers covers them.
Known for their fast and fair service, Southern Hills Home Buyers earned 5 out of 5 stars on Google. Clients say working with the team is straightforward, professional, and reliable. They value the fair offers, efficient process, and clear communication every step of the way. The team’s expertise and commitment make selling a home simple and stress-free. Many clients would gladly recommend them and return for future transactions.
Website: southernhillshomebuyers.com
Phone number: 214-225-3042
Why sell your Allen 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 Allen, it takes around 107 days to sell a home on the market using an agent. That includes an average of 64 days on the market (from listing to signed contract) plus the typical 43 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 Allen, 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.
Here are some common scenarios where working with a house-buying company might be the right solution for you:
- Work-related move: If you need to sell for a job relocation, a cash sale lets you skip the long wait of a standard home sale.
- Divorce settlement: A divorce is prompting the need for a fast and clean separation of assets.
- Unwanted inheritance: You’ve inherited a home that you’re not prepared to maintain or manage.
- Shift to a smaller home: If you’re downsizing to reduce expenses or simplify your lifestyle, a cash sale lets you sell quickly.
- Major repairs needed: A house in poor condition needs costly repairs, but if you can’t afford or don’t want to tackle those issues, working with a cash homebuyer is a suitable solution.
- Open house stress: You prefer to skip open houses and showings that disrupt your daily routine.
- Foundation issues: If your property has foundation problems, a cash homebuyer won’t be deterred the way a traditional buyer might be.
- Foreclosure risk: You’re facing foreclosure and need to sell before losing the property.
- Difficult tenants: Selling your rental home with tenants in place feels too complicated to handle alone.
- Remote home sale: You’re selling a house from out of state and need a fast, hands-off solution.
Pros and cons of house-buying companies in Allen
House-buying companies in Allen offer several advantages, especially if you’re in a time crunch or have a home that needs significant repairs. They provide a fast, hassle-free sale without needing repairs or staging.
Pros of selling to house-buying companies
- Speedy sale: Most house-buying companies can close the deal in as few as 7 to 10 days, helping you move forward quickly with your plans.
- No repairs: They let you sell your home as-is, so you don’t need to spend time or money on repairs or improvements.
- No contingencies: With no contingencies, you avoid delays and complications that often occur in traditional real estate transactions.
- Convenient transaction: House-buying companies handle all the paperwork and closing details, making the process simple and stress-free.
While selling to a house-buying company is quick and easy, it’s important to consider the trade-offs. The biggest drawback is that these firms typically pay less than market value for your home, which could mean leaving money on the table. Here are some potential downsides:
Cons of selling to house-buying companies
- Lower offers: Expect to receive an offer below market value compared to selling with a real estate agent.
- Limited options: You won’t have the chance to explore competing offers or negotiate a higher price.
- Scam risks: Some cash-for-homes businesses are legitimate, but others may be scams designed to take advantage of sellers.
- No chance to maximize profit: Selling through a traditional agent could result in a higher sale price, even after accounting for fees and commissions.
Vet cash buyers and know your home’s worth
The level of integrity and service you experience from a We Buy Houses for Cash company in Texas can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits. Your experience depends on the character of the person or group making the offer.
Before committing to 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.
Consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. From there, compare your cash offer. HomeLight can connect you with a top-performing agent in Allen. You can also use our Home Value Estimator to get an initial ballpark estimate in less than two minutes.
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.
Other options to sell your Allen home quickly
If you’re looking for fast-sale alternatives to house-buying companies, consider these two options:
Working with iBuyers
iBuyers are instant buyers that use automated valuation models to provide near-instant cash offers, often closer to market value, for homes in good condition. The process is mostly online and closes in a few days to two weeks. While convenient, iBuyer companies like Opendoor and Offerpad charge service fees of 5% to 6% of the home’s sale price, which is worth considering if maximizing proceeds is a priority.
Listing with an agent
Selling through a top real estate agent could result in a fast sale in the right market. Agents provide a comparative market analysis (CMA), usually at no cost, to determine the best price for your home. A skilled agent may even connect you with cash buyers offering near-market value. If you’re exploring this option, HomeLight can connect you with a top-performing local agent.
FAQs on Allen house-buying companies
By and large, most We Buy Houses for Cash companies in Allen 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 you sign 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. Watch for anything that just doesn’t seem right.
Most Allen 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) minus 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 Allen ranch-style house could sell for $510,000 after repairs, but it will need $30,000 of work to get there.
($510,000 x .70) – $30,000 = $327,000
In this example, an Allen We Buy Houses company might offer you around $327,000 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 iBuyers look for homes in better condition. An iBuyer might pay you 90% or more of market value while charging a fee for their services.
When you accept an offer from an Allen 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 Allen area. Our list above is a good place to start.
- Submit offer requests to a few of the 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 Allen vs. top Allen 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 Allen |
Sell with a top Realtor in Allen |
|
Selling timeline |
7 to 30 days |
107 days average; 64 to attract an offer, 43 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 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 |
|
|
Closing costs |
None |
1% to 3% of the home sale price on top of agent 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 Allen is worth about $480,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $510,000.
|
Sell to a We Buy Houses for Cash company in Allen |
Sell with a top Realtor in Allen |
|
|
Estimated sale price |
($510,000 x .70) – $30,000 = $327,000 |
$480,000 |
|
Market preparations |
0 |
$4,800 (1% of the sale price) |
|
Agent commissions |
0 |
$14,400 (3% of the sale price) |
|
Closing costs |
0 |
$7,200 (1.5% of the sale price) |
|
Estimated take-home for seller |
$327,000 |
$453,600 |
As this example illustrates, financially, it’s usually in your best 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 timeline might not fit your immediate needs.
Key takeaways
- Speedy transaction: House-buying companies can close deals in as little as 7-10 days, providing a quick solution for urgent situations.
- As-is condition: You don’t need to make repairs or prepare your home for sale, saving you time and effort.
- Lower offers: Cash-for-homes companies usually pay below market value, which could leave money on the table.
- Sale risks: Research buyers carefully to avoid falling victim to home-buying scams.
- Quick sale options: Alternatives like iBuyers or listing with a top agent can offer a balance of speed and financial return.
- Home value insights: 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 Allen agent.
Header Image Source: (ehibsman/DepositPhotos)
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