5 Top We Buy Houses for Cash Companies in Boca Raton
- Published on
- 15 min read
-
Kelsey Morrison Former HomeLight EditorClose
Kelsey Morrison Former HomeLight EditorKelsey Morrison worked as an editor for HomeLight's Resource Centers. She has seven years of editorial experience in the real estate and lifestyle spaces. She previously worked as a commerce editor for World of Good Brands (eHow.com and Cuteness.com) and as an associate editor for Livabl.com. Kelsey holds a bachelor’s degree in Journalism from Concordia University in Montreal, Quebec, and lives in a small mountain town in Southern California.
Selling to a “We Buy Houses” company can be a major advantage if you’re a Boca Raton, Florida homeowner looking to cash out quickly. These cash home buyers offer a hassle-free alternative to the traditional market, ideal for situations like moving to a nursing home or selling a condo that needs work.
Accepting a cash offer fast-tracks the selling process and allows you to skip the cleanings, repairs, and showings that typically come with listing your home. It’s also a way to bypass the open market’s uncertainties and long waits. That said, “We Buy Houses” companies often present offers that are below market value, which can eat into a seller’s net proceeds.
In this article, we’ll explore the advantages and disadvantages of working with house-buying companies. We’ll also outline some of the most reputable companies serving the Boca Raton market, and other methods of selling your home on a short timeline. We’re here to guide you through your options so you can choose the selling method that best fits your needs.
Sell Your House Fast in Boca Raton 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 Boca Raton, FL.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Boca Raton area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Boca Raton
“We Buy Houses” companies can be a convenient solution for Boca Raton homeowners looking to sell quickly. Promising all-cash offers and speedy closings, these companies can often complete the property sale in just a few days or weeks.
Here’s how the process generally works:
- Research companies: Start by looking into reputable cash-for-homes companies in Boca Raton. Focus on those with strong local reputations and positive reviews.
- Submit details: Reach out to your chosen company to submit details about your home. This typically involves filling out a form on their website or making a phone call.
- Schedule a walkthrough: A representative of the company will likely request to tour your home in person to assess its condition and market value.
- Receive an offer: After reviewing your home’s details, the company will make an all-cash offer. This offer is often presented quickly, sometimes within 24 hours.
- Accept the offer: If the offer aligns with your expectations, you can accept it. Remember, these offers are usually non-negotiable, so it’s a take-it-or-leave-it deal.
- Close the sale: The closing process is often much faster than traditional sales. It can sometimes be completed in as little as a week, depending on legal and financial factors. Many companies will pay for your closing costs and allow you to choose the closing date.
Popular We Buy Houses for Cash companies in Boca Raton
Thinking about selling your Boca Raton home fast to a house-buying company? It can be a convenient option, but before you dive in, make sure you find a reputable company you can trust.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ Spanish-style home or two-bedroom condo. By selling to one of these companies, you should be able to sell your Boca Raton home in as little as a week or two.
The Friendly Home Buyer
Established in 2017, The Friendly Home Buyer is a Miami-based company that purchases houses in “as-is” condition throughout the state of Florida. They don’t charge any fees or commissions and sellers can select the closing date. The Friendly Home Buyer will even give you time to move if you need to stay in the home for a few extra days after closing.
Locations: Statewide, including Boca Raton
Closing costs: Sellers pay no closing costs; The Friendly Home Buyer covers them.
The Friendly Home Buyer has been accredited by the Better Business Bureau (BBB) since 2017 and holds an A+ rating. They have also earned 4.9 stars on Google. Former clients commend the team’s professionalism, attentiveness, and efficient closings. “The staff was very helpful and demonstrated superb compassion and professionalism during the sale of my husband’s parents property,” reads a recent review. “They oversaw all aspects which made the transition effortless on our part.”
Website: thefriendlyhomebuyer.com
Phone number: 888-713-9158
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Boca Raton (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 US. 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 Boca Raton.
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 Boca Raton
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
All About Real Estate
All About Real Estate (AARE) is based in Miami and has purchased over 1,500 homes throughout Florida. They extend all-cash offers for homes in any condition, and can close sales in as few as five business days. Sellers can choose the closing date and AARE pays 100% of closing costs.
Locations: Statewide, including Boca Raton
Closing costs: You pay no closing costs; All About Real Estate covers them.
All About Real Estate has been BBB-accredited since 2018 and boasts an A+ rating. They also have a perfect 5-star rating on Google. Customers praise the company’s transparency, responsiveness, and friendly service. “
Website: allaboutrealestate.com
Phone number: 786-753-8500
FL Cash Home Buyers
Formed in 2011, FL Cash Home Buyers has completed over 800 real estate transactions. They purchase homes “as-is” throughout the state, and can close deals in as few as five days, or on the date of your choice. If needed, they can give you a cash advance before closing, or help handle and pay for the probate process.
Locations: Statewide, including Boca Raton
Closing costs: You pay no closing costs; FL Cash Home Buyers covers them.
FL Cash Home Buyers has been BBB-accredited since 2015 and holds an A+ rating. They’ve also garnered well over 100 reviews on Google for an average rating of 4.8 stars. Past customers speak highly of the employees’ attentiveness, responsiveness, and ability to answer questions. “It is a scary situation selling a house remotely but Florida Cash Buyers is a great outfit to work with,” wrote a reviewer. “They gave a fair price and no closing costs. A great company with even better people!”
Website: floridacashhomebuyers.com
Phone number: 954-519-7040
Freedom Cash Home Buyers
Founded in 2015, Freedom Cash Home Buyers is a family-owned and operated company in the Miami metropolitan area. They buy homes for any reason, in any condition, or facing any challenge. They offer a guaranteed closing on the seller’s timeline and cover all of the closing costs. To get a free, no-obligation cash offer, simply give them a call or fill out the form on their website.
Locations: Statewide, including Boca Raton
Closing costs: Freedom Cash Home Buyers covers closing costs with the exception of property taxes.
Freedom Cash Home Buyers has been BBB-accredited since 2017 and maintains an A rating. They’ve also earned 4.9 stars on Google based on nearly a hundred reviews. Many of these reviews speak of the employees’ quick responses to calls and emails, as well as their ability to truthfully answer questions. “Freedom Cash Home Buyers were a life saver!” wrote a former client. “We were in a bind and had to sell our mother’s home quickly. Look no further if you’re in the market for selling without the hassle of realtors, showings, listings, etc!”
Website: freedomcashhomebuyers.com
Phone number: 855-793-1011
Why sell your Boca Raton house for cash?
Selling your Boca Raton home for cash can be a smart option in many situations, particularly when the traditional methods of selling wouldn’t fit your needs or timeline. This approach offers a quicker and more convenient solution.
In Boca Raton, it typically takes around 128 days, or nearly four months, to sell a home on the market using an agent. That includes an average of 84 days on the market, plus the typical 44 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 Boca Raton, 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.
Below are common scenarios where opting for a house-buying company might be the best route for you:
- Job relocation: Moving for a new job opportunity? Selling for cash can simplify the transition without the stress of a traditional sale.
- Divorce: During the challenging times of a divorce, a quick home sale for cash can offer a clean financial break for both parties.
- Inherited property: If you’ve inherited a property you’re not prepared to manage, selling for cash can be a straightforward solution.
- Downsizing: Ready to move to a smaller home or a retirement community? A cash sale is fast and hassle-free.
- Major repairs needed: Selling a house that needs significant repairs can be daunting; a cash offer may be more appealing.
- Avoiding open houses: If you prefer not to deal with the inconvenience of open houses, selling for cash offers privacy and ease.
- Foundation issues: Homes with serious foundation problems can be difficult to sell traditionally; cash buyers often purchase as-is.
- Facing foreclosure: To avoid the implications of foreclosure, a fast cash sale can settle debts and relieve stress.
- Problematic tenants: Selling a rental property with difficult tenants? Cash buyers often take on properties with tenants in place.
- Selling from out of state: For those selling a Boca Raton property from afar, a cash sale simplifies the process without needing to travel.
If you’re facing any of these scenarios, considering a cash offer from a “We Buy Houses” company in Boca Raton might be a fitting solution. However, it’s just one of several options to explore.
Pros and cons of house-buying companies in Boca Raton
Selling to a house-buying company comes with certain advantages, primarily speed and convenience. These companies can purchase your home in any condition, removing the need for repairs or staging. However, they tend to pay less than market value, meaning you could potentially fetch more for your house on the open market.
Here’s a quick breakdown of the advantages and disadvantages of selling to a “We Buy Houses” company:
Pros
- Quick sale: Transactions with house-buying companies can close in as little as a week, offering unparalleled speed for sellers needing to move quickly.
- No repairs needed: Your home will be purchased as-is, eliminating the stress and cost of making repairs.
- Simplified process: The sale process is straightforward, with fewer forms to fill out and no waiting for buyer mortgage approvals.
- No contingencies: Cash offers mean the sale isn’t contingent on appraisals, inspections, or buyer financing, which can derail traditional sales.
Cons
- Below market value: Offers from house-buying companies are typically below market value, which means you might receive less than selling traditionally.
- Limited negotiation: The price offered is usually non-negotiable, giving sellers less flexibility to argue for a higher price.
- Potential for scams: While many companies are reputable, the industry has its share of scams. Sellers should proceed with caution and conduct thorough research.
- Less profit: The ease and speed come at the cost of potentially lower profits from the sale, impacting your financial return.
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
Selling your Boca Raton home fast with a “We Buy Houses” company certainly sounds entcing, but there’s a catch: these companies aren’t all created equal. Who you’re dealing with can make a big difference, so don’t get hooked by the first cash offer that comes your way.
Instead, do your homework: Check online reviews, verify their track record, and find out how long the company has been active in Boca Raton.
Knowing your home’s value is key too. While these companies offer speed, you want to make sure they’re presenting you with a fair price. Read the buying agreement carefully (or have a lawyer review it) so you understand the terms and conditions. That way, there won’t be any surprises down the road.
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 it to your cash offer. HomeLight can connect you with a top-performing agent in Boca Raton. You can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Boca Raton home quickly
iBuyers
iBuyers, or instant buyers, utilize automated valuation models (AVMs) to offer a fast, mostly online buying process. Their all-cash offers are usually closer to market value. This option, ideal for properties in good condition in areas with similar housing types, features a quick closing period, from a few days up to two weeks. Notable iBuyers include Opendoor and Offerpad, who typically charge service fees of 5%–6%.
Listing with an agent
Listing with an agent might seem like an unconventional choice for those seeking a quick sale, yet in seller-friendly markets, it can be highly effective. A top real estate agent can acheive a fast sale through strategic pricing and marketing, often resulting in higher selling prices. Agents provide valuable market insights via comparative market analyses (CMA), which are often compiled for free, helping to determine the most competitive listing price for your property. An agent may also connect you with cash buyers offering close to your home’s market value. If you’re considering this path, HomeLight can put you in touch with a top-performing agent in Boca Raton.
FAQs on Boca Raton house-buying companies
By and large, most We Buy Houses for Cash companies in Boca Raton 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 solid 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 Better Business Bureau website. Watch for anything that just doesn’t seem right.
As described in our pros and cons list above, most Boca Raton 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 Boca Raton ranch-style home could sell for $630,000 after repairs, but it’s going to need $30,000 of work to get there.
($630,000 x .70) – $30,000 = $411,000
In this example, a Boca Raton We Buy Houses company might offer you around $411,000 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 a Boca Raton “We Buy Houses” company, you will likely be coming to grips with a two-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 the offer is accepted. On the other side, 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 is going to 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 there are any hidden program fees that might impact your bottom line.
- Research and vet the house-buying companies that serve your Boca Raton 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 Boca Raton vs. top Boca Raton 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 Boca Raton | Sell with a top Realtor in Boca Raton |
| Selling timeline | 7 to 30 days | 128 days average; 84 to attract an offer, 44 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 single-family home in Boca Raton is currently worth about $600,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $625,000.
| Sell to a We Buy Houses for Cash company in Boca Raton | Sell with a top Realtor in Boca Raton | |
| Estimated sale price | ($625,000 x .70) – $25,000 = $412,500 | $600,000 |
| Market preparations | 0 | $6,000 (1% of sale price) |
| Agent commissions | 0 | $34,800 (5.8% of sale price) |
| Closing costs | 0 | $9,000 (1.5%) |
| Estimated take-home for seller | $412,500 | $550,200 |
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
- Selling to a “We Buy Houses” company in Boca Raton can significantly speed up the selling process.
- These companies will buy your home as-is, saving you the time and expense of making repairs.
- The process is streamlined, with fewer steps and less paperwork than traditional sales.
- Be prepared for offers below market value, which is a trade-off for convenience and speed. Knowing your home’s value can help when it comes to assessing these offers.
- It’s crucial to research and vet each company before proceeding with an offer.
- Exploring alternatives, like iBuyers or working with a real estate agent, could yield a better return on your sale.
- HomeLight’s Simple Sale platform extends no-obligation, all-cash offers for homes in nearly any condition in Boca Raton. With a wide range of partner investors, it’s an ideal starting point for homeowners unsure of who might buy their home.
Selling your Boca Raton home fast with a “We Buy Houses” company can be tempting, but it’s not a one-size-fits-all solution. Consider getting multiple offers and exploring all of the options available to you.
A top Boca Raton agent can provide valuable insights on the market value of your home how quickly it could sell. HomeLight can connect you with valuable services and experienced professionals in Boca Raton, ensuring you make an informed decision that aligns with your selling goals.
Header Image Source: (jovannig/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.
