5 Top We Buy Houses for Cash Companies in Broward County
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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.
In Broward County, “We Buy Houses” companies offer sellers an alternative to sell their properties quickly and for cash. These companies are particularly appealing if your home requires repairs that you’re unable or unwilling to manage, providing a hassle-free alternative to the traditional selling process.
A cash sale frees you from the complexities and time required for home improvements and lets you dispose of your property quickly and move on with your life.
This post will look into the pros and cons of engaging with house-buying companies, helping you to make an informed decision that aligns with your immediate needs and plans.
Sell Your House Fast in Broward County With a Cash Offer
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Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Broward County area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Broward County
Working with house-buying companies in Broward County can offer a streamlined alternative to the traditional home-selling process, especially if you’re looking for a quick and straightforward sale. Here’s how you can navigate this path:
1. Research companies: Start by looking into reputable house-buying companies in Broward County. Check their reviews and past transactions to ensure they’re legitimate and have a record of fair dealings.
2. Request an offer: Contact the company for an offer on your home. This usually involves submitting details about your property through their website or over the phone.
3. Home evaluation: The company will likely evaluate your home, either virtually or in person, to assess its condition and determine an offer price.
4. Receive an offer: Based on the evaluation, the company will present you with a cash offer for your home. Remember, this offer is typically non-negotiable.
5. Accept the offer: If you decide the offer meets your needs, you can accept it. The sale process can move forward without the need for traditional listings, showings, or open houses.
6. Close the sale: The final step is closing the sale. House-buying companies often cover all closing costs and can complete the transaction in as little as a week, allowing you to move on with your life plans quickly.
Popular We Buy Houses for Cash companies in Broward County
If the process of selling to a house-buying company in Broward County 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 or Mediterranean Revival home. By selling to one of these companies, you should be able to sell your Broward County home in as little as a week or two.
FL Cash Home Buyers, LLC
Formed in 2011, FL Cash Home Buyers, LLC has completed over 800 real estate transactions. Along with providing cash offers to purchase homes in “as is” condition, Florida Cash Home Buyers also offers a service to complete necessary repairs on the property and helps you find a third-party buyer.
Locations: Throughout Florida, including Broward County
Closing costs: You pay no closing costs; FL Cash Home Buyers cover them.
FL Cash Home Buyers has over 150 reviews on Google for an average rating of 4.8 out of 5 stars. Past customers speak highly of the employees’ attentiveness, responsiveness, and ability to answer questions. Most people report that the closing process was fast and simple, even when customers were dealing with difficult circumstances.
Website: floridacashhomebuyers.com
Phone number: 954-519-7040
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Broward County (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 Broward County.
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 Broward County
Closing costs: No prep costs, agent commissions, or 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
Freedom Cash Home Buyers
Founded in 2017, Freedom Cash Home Buyers prides itself on having no hidden fees or closing deductions. The process begins when you speak with a representative over the phone and provide information about your home and needs. After analyzing your home, an employee provides you with an offer over the phone. If you accept the offer, you’ll complete a contract. Typically, you receive your cash 10 to 20 business days after signing.
Locations: Throughout Florida, including Broward County
Closing costs: Freedom Cash Home Buyers covers closing costs with the exception of property taxes.
Freedom Cash Home Buyers has 84 Google reviews for a 4.9 out of 5-star rating. Many reviews mention employees’ quick responses to calls and emails and ability to answer questions truthfully. Sellers also report a simple closing process, even if a home is in poor condition.
Website: freedomcashhomebuyers.com
Phone: 855-491-2352
Cornerstone Home Buyers
Cornerstone Home Buyers has been buying homes for over 14 years. They’ve purchased over 100 homes since they’ve been in business. After touring your home in person or virtually, the company will make you a cash offer with no fees or commissions attached. If you accept the offer, Cornerstone Home Buyers will work with you to schedule a closing date that works for you.
Locations: Throughout Florida, with a focus on the Miami area.
Closing costs: Cornerstone Home Buyers covers closing costs.
Cornerstone Home Buyers has nine 5-star Google reviews for a perfect rating. Many customers report that Ellie, Dee, and the rest of the Cornerstone team went above and beyond to create a smooth sales process, even under challenging situations. There’s also mention of the team’s knowledge and sensitive nature that led to a home sale their customers felt good about.
Website: cornerstonehomebuyers.com
Phone: 305-615-2888
My Quick Home Buyers
Established in 2009, My Quick Home Buyers acquires family homes, multi-family properties, condos, townhomes, and vacant land. Transactions usually close in 30 to 45 days. The team has closed more than 500 transactions. The company estimates it has saved sellers more than $3 million in broker commissions and nearly $900,000 in closing costs.
Locations: Properties purchased in Broward, Miami-Dade, and Palm Beach Counties with headquarters in Davie, Florida
Closing costs: Sellers pay no closing costs; My Quick Home Buyers covers them.
My Quick Home Buyers is not listed as BBB accredited. However, 160 clients have reviewed the company, garnered a 4.4 out of 5-star rating on Google. The clients report the company made a potentially stressful transaction very easy. They also cite the easy process and fair price paid for the property.
Website: myquickhomebuyers.com
Phone: 866-758-8897
Why sell your Broward County house for cash?
There are a number of reasons why a Broward County home seller might choose to work with a Cash-For-Homes company. Transaction speed, a no-hassle sales process, and sale certainty are some of the most commonly cited.
In Broward County, it typically takes around 86 days to sell a home on the market using an agent. That includes an average of 40 days on the market plus the typical 46 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 Broward County, 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.
Choosing to sell your Broward County house for cash can be an attractive option under various circumstances, particularly when speed and simplicity are paramount. Let’s explore some scenarios where turning to a house-buying company might make sense:
- Job relocation: Moving quickly for a new job opportunity can make the fast sale process offered by cash buyers appealing.
- Divorce: Settling property matters quickly in a divorce can be facilitated by a cash sale.
- Inherited property: Selling an inherited home quickly without the hassle of traditional market preparations.
- Downsizing: A quick cash sale can simplify the transition when looking to move to a smaller home or a retirement community.
- Major repairs needed: Facing significant issues like a damaged foundation or termite infestation can make a fast cash offer more attractive than facing costly repairs.
- Avoiding open houses: Sellers who prefer not to deal with the inconvenience of open houses may opt for the straightforwardness of a cash sale.
- Risk of foreclosure: A quick cash sale can be a way out for homeowners facing foreclosure, aiming to settle debts promptly.
- Problematic tenants: Cash buyers offer an expedited path to sale for landlords wanting to sell properties burdened by tenants.
- Selling from out of state: Managing a property sale from afar can be challenging; cash sales offer a straightforward alternative for those selling from out of state.
Pros and cons of house-buying companies in Broward County
Selling your Broward County home to a house-buying company can be easy and efficient, particularly if you’re looking for speed and convenience.
The primary advantages include selling your house in any condition and closing quickly without needing repairs or preparations.
Pros:
- Quick sale: The process can be completed in as little as a week, offering a swift solution for those wh need to sell urgently.
- As-is purchase: These companies buy homes in any condition, allowing you to skip the hassle and expense of making repairs.
- No need for showings: You can avoid the stress and intrusion of staging your home and hosting multiple showings.
- Simplified process: The sale involves fewer contingencies, making for a smoother and more predictable closing process.
However, while the speed and convenience of house-buying companies are appealing, it’s essential to consider the potential downsides.
Cons:
- Below market value: Offers from these companies are typically below market value, meaning you might receive less than if you sold through the traditional market.
- Limited negotiation: The price offered is often final, leaving little room for negotiation to increase the sale price.
- Risk of scams: It’s crucial to research and verify the company’s legitimacy to avoid scams.
- Missed market premium: You might miss out on a higher sale price achievable on the open market, especially in a seller’s market.
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
Choosing to work with a We Buy Houses for Cash company in Broward County means that the level of integrity and service you encounter can significantly differ from one buyer to another. Your experience largely hinges on the character and reliability of the individual or group extending the cash offer. It’s crucial, therefore, to undertake thorough due diligence before moving forward.
Vet the company by checking reviews, reading testimonials from previous sellers, and researching its market presence and performance to ensure you’re dealing with a reputable entity.
Before committing to a cash offer, take the time to read through the buying agreement carefully. Understanding every term and condition ensures that the deal aligns with your expectations and needs.
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 Broward County home quickly
Exploring other quick sale avenues beyond cash-for-homes companies offers valuable alternatives:
iBuyers: Instant buyers, known as iBuyers, utilize automated valuation models to make fast, all-cash offers, often at a value closer to market rates for homes in good condition. The iBuyer process can be rapid, from offer to closing, spanning only a few days to a couple of weeks. However, service fees typically range from 5%-6%. iBuyers like Opendoor and Offerpad are ideal for sellers with homes in markets of homogeneous housing stock.
Listing with an Agent: While quick sales are the focus, not overlooking the potential of listing with a real estate agent is crucial. In seller-friendly markets, a strategic listing and marketing approach can expedite the sale. The top agents, leveraging their market knowledge, can secure prices up to 10% higher than average.
Agents also offer a comparative market analysis (CMA), often free, providing a detailed market report to help set competitive pricing. Additionally, agents might connect you with cash buyers, ensuring a well-informed decision. For those considering an agent, HomeLight can connect you with top performers in your area.
FAQs on Broward County house-buying companies
By and large, most We Buy Houses for Cash companies in Broward County 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 Better Business Bureau website. Watch for anything that just doesn’t seem right.
As described in our pros and cons list above, most Broward County 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 Broward County Ranch house could sell for $625,000 after repairs, but it will need $30,000 of work to get there.
($625,000 x .70) – $30,000 = $407,500
In this example, a Broward County We Buy Houses company might offer you around $407,500 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 Broward County 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, asking the company if any hidden program fees impact your bottom line is always a good idea.
1. Research and vet the house-buying companies that serve your Broward County area. Our list above is a good place to start.
2. Submit offer requests to a few of the companies you like best.
3. Schedule any required on-site property visits.
4 . Compare offers. Weigh the pros and cons and choose the best option for you.
5. 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 Broward County vs. Top Broward County 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 Broward County | Sell with a top Realtor in Broward County |
| Selling timeline | 7 to 30 days | 86 days average; 40 to attract an offer, 46 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 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 | 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 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 Broward County is worth about $625,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $650,000.
| Sell to a We Buy Houses for Cash company in Broward County | Sell with a top Realtor in Broward County | |
| Estimated sale price | ($650,000 x .70) – $25,000 = $430,000 | $625,000 |
| Market preparations | 0 | $6,250 (1% of sale price) |
| Agent commissions | 0 | $36,250 (5.8% of sale price) |
| Closing costs | 0 | $9,375 (1.5%) |
| Estimated take-home for seller | $430,000 | $573,125 |
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: Cash-for-homes companies in Broward County offer a rapid sale process, appealing to those needing to sell quickly.
- As-is convenience: Selling your home as-is removes the need for repairs or renovations, simplifying the selling process.
- Below market value: Be prepared that offers from these companies are often below market value, affecting your potential profit.
- Research is key: Thoroughly vet any cash buyer by checking reviews and track records to avoid scams.
- Other options: Consider alternatives like iBuyers for closer-to-market offers or listing with an agent for potentially higher profits.
- Expert advice: Consulting with a top Broward County agent can provide valuable market insights and more selling options.
- 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 Broward County agent.
Header Image Source: (Jason Dent/ Unsplash)
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