4 Top We Buy Houses for Cash Companies in Boston
- Published on
- 15 min read
-
Kelsey Morrison EditorClose
Kelsey Morrison EditorKelsey Morrison is an editor for HomeLight's Resource Centers. She brings six years of editorial experience covering real estate, home design, cooking, crafting, and pet care. With a background as a commerce editor at World of Good Brands (eHow.com and Cuteness.com) and an associate editor at Livabl, Kelsey holds a bachelor’s degree in Journalism from Concordia University in Montreal, Quebec.
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.
In Boston, “We Buy Houses” companies offer a beacon of hope for homeowners looking to sell their properties quickly, especially those that might need a bit of TLC. These companies make all-cash offers, providing an avenue for sellers who lack the time, expertise, or financial means to handle repairs, allowing them to quickly move on with their lives.
Selling your house for cash to one of these companies might just be the helping hand you need during an unexpected life change. It’s a simple way to move on from owning your property without all the usual stress and delays of selling on the open market.
Ahead, we’ll break down the advantages and disadvantages of choosing a cash-for-homes company in Boston. We’ll provide you with the information you need to confidently manage your home sale and make a decision that fits your goals.
Sell Your House Fast in Boston 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 Boston.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Boston area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Boston
When you’re in a pinch and need to sell your Boston home quickly, working with a house-buying company might be your best bet. This straightforward process can free you from your property faster than the traditional market.
Here’s how the process generally works:
- Research companies: Start by looking up reputable “We Buy Houses” companies in the Boston area. Check their reviews and Better Business Bureau (BBB) ratings to ensure they’re credible.
- Submit your details: Reach out to your chosen company with information about your property. This usually involves filling out a form on their website or giving them a call.
- Schedule a visit: The company will likely want to inspect your home, and will often schedule a visit within 24 to 48 hours. This visit is to assess the property’s condition and any necessary repairs.
- Receive an offer: After the evaluation, the company will make an all-cash offer for your home as-is. Remember, this offer is usually non-negotiable.
- Accept the offer: If you think the offer is fair, you’ll need to formally accept it. The company will handle most of the paperwork.
- Close the sale: The final step is closing the sale, which can happen in as little as a week. You’ll receive cash for your home, allowing you to move forward with your plans. Most companies will even let you choose a move-out date that works for your schedule.
Popular We Buy Houses for Cash companies in Boston
If the process of selling to a house-buying company in Boston 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 parents’ Cape-style home in Dorchester or multifamily duplex in East Boston. By partnering with one of these companies, you should be able to sell your Boston-area home in as little as a week or two.
Pavel Buys Houses
Pavel and his team specialize in quick and easy home sales throughout Massachusetts, including Boston, offering a stress-free way to offload your home in as little as 10 days. As a local, family-run business that’s also Better Business Bureau (BBB) Accredited, they’re all about creating tailored solutions for any real estate challenge you might face. They’re committed to giving you the best cash offer for your house, no matter its condition, and promise to guide you honestly and professionally through the selling process. This means you can count on them for support, even if your situation is complicated or your property comes with problem tenants.
Locations: Boston, and all over Massachusetts
Closing costs: Sellers pay no closing costs; Pavel Buys Houses covers them.
Pavel Buys Houses has been BBB accredited since 2019 and holds an A+ BBB rating. The company is celebrated for its efficient, transparent approach and deep local market knowledge.
Customers appreciate the hassle-free process and Pavel’s genuine care, with one reviewer writing that he was “so generous with his time and expertise.” Pavel Buys Houses boasts a 5-star rating on Google.
Website: pavelbuyshouses.com
Phone number: 781-309-7085
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Boston — and across the country — can request an all-cash offer for their home. Simple Sale connects you to the largest network of cash buyers in the US, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Simple Sale is able to provide cash offers for a wide array of properties, even those that need some or a lot of work, all throughout the Boston area.
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 Boston
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
Sell Fast Boston
Sell Fast Boston boasts over two decades of industry experience
Locations: Boston and surrounding areas
Closing costs: Sellers pay no closing costs; Sell Fast Boston covers them.
Sell Fast Boston is highly regarded for its low-pressure approach, honesty, and effectiveness. The company has a 5-star rating on Google, and reviewers praise their employees for being “extremely helpful and professional.” The company is not BBB-accredited but holds an A+ rating.
Website: sellfastboston.com
Phone number: 857-930-4091
Sell Now New England
Sell Now New England focuses on making home selling stress-free by eliminating the need for cleanouts, repairs, and traditional open houses. Their approach simplifies the process and can even lead to higher profits for sellers, especially those with homes that aren’t in perfect shape. They can close in as little as 10–14 days or longer if you need to extend your selling timeline.
Locations: Boston and all over New England
Closing costs: Sellers pay no closing costs; Sell Now New England covers them.
Sell Now New England is celebrated for its stress-free, transparent home selling experience. Clients value their clear communication and detailed responses, making decision-making easier and more informed. One reviewer, who was able to stop a scheduled auction and sell for cash instead, wrote, “These men gave me hope that there are still good people in this world!” The company touts a 4.5-star rating on Google and is not currently accredited by the BBB.
Website: sellnownewengland.com
Phone number: 978-668-3688
Why sell your Boston house for cash?
Choosing to sell your Boston house for cash can be a smart decision under various circumstances, especially when you’re looking for speed, certainty, and convenience. Unlike the traditional market, where selling a home can stretch over two months — 21 days on the market plus 47 days for a buyer to close on a purchase loan — cash-for-homes companies in Boston can wrap things up in just 7 to 10 days. This quick turnaround is particularly appealing for those who can’t afford to wait due to time constraints or personal situations.
Let’s explore some common scenarios where opting for a cash sale might just be the perfect solution:
- Job relocation: Moving for work? A quick cash sale can simplify your transition.
- Divorce: Selling your home can help you start fresh in the wake of a divorce.
- Inherited property: Unload an inherited home easily without the usual hassles.
- Downsizing: Ideal for those looking to move to a smaller space or a retirement community.
- Major repairs needed: By selling as-is, you can skip the stress and cost of fixing significant issues like a faulty foundation.
- Avoiding open houses: Sell your home without the need for staging or open houses.
- Facing foreclosure: If your property has gone into foreclosure, a cash sale allows you to quickly settle debts and avoid further financial damage.
- Problematic tenants: A straightforward way to sell rental properties without evicting tenants.
- Out-of-state seller: Manage a hassle-free sale from anywhere, even if you’re selling from outside Massachusetts.
If you find yourself in any of these situations, a Cash-For-Homes company could be worth considering. However, it’s essential to explore all your options. You won’t truly know if it’s the best path until you compare it against other selling methods. In the next section, we’ll weigh the pros and cons, helping you make an informed decision on how to proceed with selling your Boston home.
Pros and cons of house-buying companies in Boston
Selling your Boston home to a house-buying company comes with a mix of pros and cons. Here are some key points to consider:
Pros
- Speed of sale: The most significant benefit is the speed at which you can sell your home. Deals can close in as little as a week, allowing you to move on with your life quickly.
- No need for repairs: Selling your house as-is means you don’t have to spend time or money on repairs or upgrades. The company takes care of everything post-purchase.
- Simplified process: There are no listings, showings, or contingencies to worry about. The process is straightforward, with minimal paperwork and no waiting for buyer financing.
- Cash offer: You’ll receive a cash offer, which can be particularly appealing if you need funds quickly or are dealing with financial difficulties.
Cons
- Lower offers: Expect to receive less than what you might from the open market. These companies aim to resell for a profit, which means their offers reflect that business model.
- Limited negotiation: The take-it-or-leave-it nature of these offers provides little room for negotiation, potentially leaving you with less than your home’s worth.
- Risk of scams: While many companies are reputable, the industry is not immune to scams. It’s crucial to research thoroughly to avoid fraudulent schemes.
- Not for everyone: This selling route is best suited for those needing to sell quickly or without the means to prepare a home for the traditional market. It may not be the right choice for everyone.
Weighing these pros and cons carefully can help you make the best decision for your situation.
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 deciding to work with a “We Buy Houses for Cash” company in Boston, it’s crucial to remember that the level of integrity and service you’ll encounter can vary significantly. Much depends on the character of the individual or group behind the offer. Before you commit to anything, take the time to thoroughly vet the company. Look up reviews, read through testimonials, and research their market presence and performance to make sure you’re dealing with a reputable buyer.
Understanding the true value of your home is essential before signing any agreement. Don’t rush into accepting a cash offer without making sure it’s fair and reflective of your property’s worth. You should also carefully read the buying agreement to avoid any surprises down the line. By taking these steps, you’ll be better positioned to make an informed decision.
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 to get an initial ballpark estimate in less than two minutes.
Other options to sell your Boston home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to offer a fast, mostly online selling experience. Since their emergence in the mid-2010s, iBuyers like Opendoor and Offerpad have been providing competitive all-cash offers for homes in good condition, with service fees around 5%–6%. The iBuyer process is quick, completing sales in days to a couple of weeks, and is best suited for sellers in markets with uniform housing.
Listing with an agent
Listing with an agent might seem counterintuitive when seeking a quick sale. However, in a seller-friendly market like Boston, a top real estate agent can secure a fast sale at a potentially higher price. Agents offer valuable insights through a comparative market analysis (CMA), often provided for free, to help set a competitive listing price. Partnering with a top agent can lead to selling your home for more. In fact, HomeLight’s internal real estate transaction data shows that the top 5% of agents sell homes for up to 10% more than average agents.
If you’re considering the agent route, HomeLight can connect you with a results-driven real estate agent in the Boston area today. It only takes a couple of minutes, and agents don’t pay to be featured, so the recommendations are purely based on performance and specialties.
FAQs on Boston house-buying companies
By and large, most We Buy Houses for Cash companies in Boston are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you opt for 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. Be on the lookout for anything that just doesn’t seem right.
The majority of Cash-For-Homes businesses adhere to the 70% rule. This means they’ll typically offer to purchase your home for approximately 70% of its value after repairs, deducting their estimated costs for those repairs.
Here’s an example of what a simplified formula might look like:
(Your home’s ARV x .70) – repair costs
To understand how this might play out in practice, let’s take a look at an example offer equation. Let’s say your Garrison Colonial in Quincy could sell for $820,000 after repairs, but it’s going to need $30,000 of work to get there.
($820,000 x .70) – $30,000 = $544,000
In this scenario, a Boston-area We Buy Houses company might offer you around $544,000 for your home.
The offers you receive from various home-buying companies can differ. For example, iBuyers tend to pay more than We Buy Houses companies because iBuyers seek out homes in better condition. An iBuyer might pay you 90% or more of market value but will likely charge a fee for their services.
The decision to sell your home to a We Buy Houses for Cash company in Boston comes with its own set of trade-offs. On one hand, you won’t incur any out-of-pocket expenses because these companies usually cover all aspects of the transaction once you’ve accepted their offer.
However, you could potentially receive a lower sum for your property. These companies often target homes in distress and usually don’t charge any fees, and many will even pay your closing costs. This typically means the cash offer you agree to is what you’ll net from the sale. That being said, it’s a good idea to ask upfront if there are any hidden charges that might affect your final take-home amount.
- Thoroughly research and vet the house-buying companies in the Boston area. Our list above is a good starting point.
- 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 Boston vs. top Boston agent
It’s also useful to see how selling to a We Buy Houses for Cash company compares to selling with a top real estate agent. Let’s look at the differences in the sales process and how they might affect your final earnings:
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Boston | Sell with a top Realtor in Boston |
| Selling timeline | 7 to 30 days | 68 days average; 21 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 a Boston suburb is currently worth about $800,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $825,000.
| Sell to a We Buy Houses for Cash company in Boston | Sell with a top Realtor in Boston | |
| Estimated sale price | ($825,000 x .70) – $25,000 = $552,500 | $800,000 |
| Market preparations | 0 | $8,000 (1% of sale price) |
| Agent commissions | 0 | $46,400 (5.8% of sale price) |
| Closing costs | 0 | $12,000 (1.5%) |
| Estimated take-home for seller | $552,500 | $733,600 |
As this example illustrates, financially, it’s usually in your best interest to partner with an experienced real estate agent.
However, net proceeds aren’t the only factor to consider when selling a home. The right choice for you depends on your home’s condition, the extent of repairs required, and your specific goals. Selling on the open market might be a challenge in your specific neighborhood, or the agent timeline might not align with your urgent needs.
Key takeaways
- Speed and convenience: Selling your Boston home to a Cash-For-Homes company can be much faster and more convenient than the traditional market.
- No repairs needed: You can sell your home as-is, without spending on repairs or renovations.
- Quick cash: This option provides quick access to cash, which can be crucial in urgent situations.
- Below market offers: Be prepared to receive offers that are below market value, as these companies aim to profit on the resale.
- Vet carefully: Always research and vet any house-buying company before proceeding with a sale.
- Understand your home’s value: It’s a good idea to have an idea of your property’s estimated market value before moving forward with a cash-offer company.
Selling your home is a major financial decision. Even if you’re on a tight timeline, it’s important to check out different offers and weigh them carefully. While a quick cash offer might be tempting for some, carefully evaluating all your options ensures you get the best deal possible.
At HomeLight, we’re here to support you every step of the way. Whether you’re looking for a no-pressure cash offer from a trusted investor or a top-notch Boston agent who can potentially fetch a better price for your home, we’ve got you covered. Let us help you make a smart and confident choice when selling your home, even if time is of the essence.
Header Image Source: (Mark Olsen / Unsplash)
