5 Top We Buy Houses for Cash Companies in Bayview
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Joseph Gordon Associate EditorJoseph Gordon is an Associate Editor with HomeLight. He has seven years of experience reporting on the commercial real estate and insurance industries. He holds an MFA in Creative Writing from the University of San Francisco.
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.
“We Buy Houses” companies offer an alternative for homeowners in Bayview looking to sell their property quickly, making all-cash offers for properties that may require some updating or repair. These companies present an alternative for sellers short on the time, expertise, or finances to undertake necessary renovations, letting them sell their property without delay.
This guide will explore how the process of selling your home for cash works, the pros and cons of working with these companies, and a few alternatives for sellers who need to make a quick sale.
Sell Your House Fast in Bayview 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 10 days. No showings, no repairs, no open houses. Available to sellers throughout Bayview.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Bayview area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Bayview
Selling your home to a house-buying company is a simple process, but there are a few steps you should know. Here’s a brief overview of how it works:
- Research local companies: Start by identifying reputable cash-for-homes companies in Bayview. Look for ones with solid reviews and a track record of fair deals.
- Submit your property details: Fill out an online form or contact the company to provide information about your home. Be ready to share details like the address, condition, and unique features.
- Receive an offer: Typically, the company will review your submission and may visit your home before presenting an all-cash offer. This usually happens within a few days of your initial contact.
- Review the offer: Take some time to consider the proposal. Remember, these companies often propose a take-it-or-leave-it deal, focusing on speed and convenience over maximizing profit.
- Accept the offer: If it aligns with your needs, you can accept it to move forward. This step will involve signing some paperwork to agree on the sale terms.
- Close the sale: The final step is the closing process, where you’ll finalize the sale. This can be remarkably quick with cash buyers, sometimes completing in as little as a week.
Popular We Buy Houses for Cash companies in Bayview
If the process of selling to a house-buying company in Bayview sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some top companies that will pay cash for your parents’ bungalow or Victorian house. By selling to one of these companies, you should be able to sell your Bayview home in as little as a week or two.
Plan B HomeBuyers
This investment company works with buyers, sellers, and real estate investors to connect consumers with solutions. Plan B handles all the paperwork and technical aspects of closing and is ready to do so “within days if necessary.”
Locations: Wisconsin, Milwaukee, and surrounding areas, including Bayview
Closing costs: Sellers pay no closing costs; Plan B HomeBuyers covers them.
Plan B HomeBuyers has been BBB accredited since 2010. Customer reviews with the BBB and on Google for Plan B HomeBuyers speak to fair offers and supportive office staff. They express appreciation for compassionate and professional transactions.
Website: planbhomebuyers.com
Phone number: 414-431-2650
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Bayview (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 some or a lot of work, in different locations throughout Bayview.
With Simple Sale, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 10 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Bayview
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.
Learn more: homelight.com/simple
Phone: 844-488-8455
Cream City Home Buyers
This small, locally-owned business started in 2016 and commits to walking its customers through the home-selling process, offering transparency about how their company’s formula generates an offer.
Locations: Wisconsin, Milwaukee, Waukesha, Ozaukee, and Racine counties, including Bayview
Closing costs: Sellers pay no closing costs; Cream City Home Buyers cover them.
Cream City Home Buyers has been BBB accredited since 2018, with an A+ standing. Google customer reviews for Cream City Home Buyers speak to this company’s professionalism and courtesy. They have a Google rating of 5.0.
Website: creamcityhomebuyers.com
Phone number: 414-488-0082
414 HomeBuyers, LLC
414 HomeBuyers is a real estate solutions company in Milwaukee that provides a viable alternative to traditional property sales. They offer solutions to homeowners facing challenges like foreclosure, burdensome properties, probate, or other difficult situations.
Locations: All of Wisconsin, including Bayview, Whitefish Bay, and Milwaukee County.
Closing costs: Sellers pay no closing costs; 414 Homebuyers cover them.
414 Homebuyers has been accredited by the BBB since 2022 and holds an A+ rating. Google reviews from clients praise the team, describing the staff as communicative, patient, and helpful throughout the entire process. They have a 4.8-star Google rating.
Website: 414homebuyers.com
Phone number: 414-509-0222
Fair Deal Home Buyers LLC
Fair Deal Home Buyers, established in 2012, has been serving homeowners across Wisconsin with a mission to provide a quick, stress-free solution for selling their properties. A unique feature of Fair Deal Home Buyers is their ability to buy homes even with tenants present, offering sellers a convenient and efficient service.
Locations: Milwaukee and surrounding areas, including Bayview
Closing costs: Sellers pay no closing costs; Fair Deal Home Buyers LLC covers them.
Fair Deal Home Buyers LLC has been accredited by the BBB since 2018 and holds an A+ rating. Google reviews from clients praise Fair Deal Home Buyers’ problem-solving skills and their commitment to transparency, which built trust and alleviated stress. They have a 4.7-star Google rating.
Website: fairdealhomebuyers.com
Phone number: 414-409-8251
Why sell your Bayview house for cash?
There are plenty of valid reasons for a Bayview home seller to work with a Cash-For-Homes company. Among them, the speed and ease with which sellers can complete a transaction and the guarantee of a sale are often cited as the primary reasons sellers go this route.
In Bayview, it typically takes around 94 days to sell a home on the market using an agent. That includes an average of 47 days on the market, plus the typical 47 days a buyer needs to close on a purchase loan.
Compare that to the typical seven to 10 days promised by many house-buying companies in Bayview, 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 reaching out to a house-buying company could be the right move:
- Job relocation: Quickly relocating for a job and need to sell your home fast without the hassle of a traditional sale process.
- Divorce: Going through a divorce and looking to liquidate shared assets without added stress.
- Inherited: Recently inherited a property and prefers a quick, straightforward sale over navigating probate or maintenance.
- Downsizing: Moving to a smaller home or a retirement community and need to downsize your current property swiftly.
- Repairs: Facing costly repairs you can’t afford or don’t want to manage, such as a damaged roof or outdated electrical systems.
- Open houses: Want to avoid the inconvenience of open houses and numerous showings.
- Foundation issues: Dealing with significant foundation problems that would be expensive to fix.
- Foreclosure: At risk of foreclosure and looking to sell quickly to settle debts.
- Tenants: Owning a rental property with tenants has become more trouble than it’s worth.
- Selling from out of state: Needing to sell a Bayview home while living out of state, looking for a hassle-free process.
Pros and cons of house-buying companies in Bayview
Selling to a house-buying company comes with a myriad of benefits. Here are some of the main ones:
Pros:
- Speed of sale: A house-buying company can close on your property quickly, often within a few days to weeks, allowing you to move on with your life without the delays of a traditional sale.
- As-is purchase: These companies will buy your home as-is, meaning you don’t have to spend time or money on repairs, cleaning, or staging.
- No agent commissions: Selling to a cash buyer means you avoid realtor commissions, which can save you thousands of dollars.
- Avoiding contingencies: Cash sales often have fewer contingencies, which means fewer hurdles to jump through and a smoother sales process.
House-buying companies provide a convenient option, but it’s important to consider the flip side. The most notable drawback is receiving an offer below market value, which can significantly impact your financial return.
Cons:
- Below market value: Expect offers that are less than what you might achieve on the open market, as these companies aim to profit from future sales.
- Limited negotiation: The price offered is often non-negotiable, giving you less flexibility to increase the sale price.
- Potential for scams: The industry is ripe for scams, making it crucial to research and verify the legitimacy of the company you’re dealing with.
- Missed market premium: In a seller’s market, you could miss out on receiving multiple higher offers that exceed the cash offer from a house-buying company.
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
When you choose to sell your Bayview home to a “We Buy Houses for Cash” company, the quality of service and integrity you encounter can vary widely.
Before moving forward, it’s crucial to vet the buyer thoroughly. Look up reviews, sift through testimonials, and investigate their presence in the Bayview market. This due diligence can help ensure you’re dealing with a reputable entity.
Additionally, before you seal the deal with your signature, make sure to review the purchase agreement carefully. Understanding every clause and condition is important to ensure that you are getting a deal that you are comfortable with.
HomeLight suggests you 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 your market. You can also use HomeLight’s Home Value Estimator for an initial ballpark estimate in less than two minutes.
Other options to sell your Bayview home quickly
iBuyers
iBuyers, or instant buyers, utilize automated valuation models (AVMs) to offer a fast, mostly online process for selling your home. These companies, such as Opendoor and Offerpad, provide all-cash offers near market value for homes in good condition, with the entire iBuyer process from offer to closing taking a few days to two weeks. Note that iBuyers typically charge service fees of around 5%-6%.
Listing with an Agent
While not the first thought for quick sales, listing with a real estate agent could be a viable option, especially in seller-friendly markets. The right agent can sell homes faster and for higher prices, utilizing strategies like strategic pricing and superb marketing. Agents offer a comparative market analysis (CMA)—often free—to help set competitive prices. Additionally, they may connect sellers with cash buyers. For those considering this route, HomeLight can connect you with top agents in your area.
FAQs on Bayview house-buying companies
Are We Buy Houses for Cash companies legit or scams?
By and large, most We Buy Houses for Cash companies in Bayview are legitimate businesses. Their services and transaction fees may differ, but the business model has existed for decades. If you use an established group with a track record, you can be fairly confident 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 Better Business Bureau website. Watch for anything that just doesn’t seem right.
How much will We Buy Houses for Cash companies in Bayview pay?
As described in our pros and cons list above, most Bayview We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value 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 Bayview bungalow house could sell for $302,500 after repairs, but it’s going to need $30,000 of work to get there.
($302,500 x .70) – $30,000 = $181,750
In this example, a Bayview We Buy Houses company might offer you around $181,750 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.
How much does selling a home to a We Buy Houses for Cash company in Bayview cost?
When you accept an offer from a Bayview We Buy Houses for Cash company, you will likely be coming to grips with a double-edged sword. On the one side, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. Conversely, 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, it’s always a good idea to flat-out ask the company if any hidden program fees might impact your bottom line.
How do you sell a house for cash in Bayview?
- Research and vet the house-buying companies that serve your Bayview 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 Bayview vs. top Bayview agent
Another helpful exercise compares how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s 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 Bayview | Sell with a top Realtor in Bayview |
| Selling timeline | 7 to 30 days | 94 days average; 47 to attract an offer, 47 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, stage home |
| Showings | None | 10 to 25 showings average |
| Inspections / 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 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 | 5.8% average |
| Closing costs | None | 1% to 3% of the home sale price on top of agent commission |
Example net proceeds
Below, we’ve put together 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 Bayview is currently worth about $302,500 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $327,500.
| Sell to a We Buy Houses for Cash company in Bayview | Sell with a top Realtor in Bayview | |
| Estimated sale price | ($327,500 x .70) – $25,000 = $204,250 | $302,500 |
| Market preparations | 0 | $3,025 (1% of sale price) |
| Agent commissions | 0 | $17,545 (5.8% of sale price) |
| Closing costs | 0 | $4,537 (1.5%) |
| Estimated take-home for seller | $204,250 | $277,393 |
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 in your situation will depend on the condition of your property, what level of repairs are 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
- Quick sales: Selling to a “We Buy Houses for Cash” company in Bayview can significantly expedite the selling process.
- As-is convenience: You can sell your home as-is, avoiding the cost and time associated with repairs and upgrades.
- No agent fees: Selling for cash means bypassing realtor commissions, potentially saving thousands.
- Simple process: The sale process is straightforward, with fewer contingencies and hurdles.
- Market value considerations: Be prepared that offers from cash buyers may be below market value.
- Research is crucial: Thoroughly vet any cash buyer to avoid scams and ensure a fair deal.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
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 Bayview agent.
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