4 of the Top We Buy Houses for Cash Companies in Burlington
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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.
Has your house in Burlington, North Carolina, seen better days? Perhaps the wood siding is due to be replaced, or the kitchen hasn’t been updated since the ’80s. Selling a house that needs some TLC can be challenging, especially if you’re on a tight deadline, but a “We Buy Houses” company in Burlington can offer a fast and hassle-free solution.
These companies pay cash for homes in any condition or facing any situation, whether you’re on the verge of foreclosure or inherited a home from a deceased loved one. Sellers don’t have to worry about repairs, clean-up, or the nuisance of open houses. Cash deals are able to close in a few days to a couple of weeks — far faster than selling with an agent on the open market. However, the downside is that “We Buy Houses” companies tend to present offers that are below market value to factor in their renovation costs and profit margin.
In this article, we’ll weigh the pros and cons of selling to a “We Buy Houses” company in Burlington. We’ll highlight some of the most credible companies serving the Triad area and share alternative methods for a quick home sale. Understanding all your options will ensure you choose the best path for your specific circumstances.
Sell Your House Fast in Burlington 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 Burlington.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Burlington area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Burlington
Selling to a “We Buy Houses” company in Burlington can be a streamlined process if you’re looking for a quick exit from your property. Here’s a brief overview of the steps involved in this process:
1. Research companies: Start by looking up reputable cash-for-homes companies in Burlington. Check out their reviews and track records to ensure they’re credible.
2. Contact the company: Reach out to one of the companies via their website or phone to express your interest in selling your home. Provide them with some basic information about your property.
3. Schedule a walkthrough: A representative of the company may schedule a visit to your home to assess its condition and potential market value.
4. Receive an offer: Based on their findings, the company will present a no-obligation cash offer. Remember, these offers are usually non-negotiable.
5. Review the terms: Carefully review the purchase agreement to ensure you understand all the terms and conditions before proceeding.
6. Close the sale: If you accept the offer, you’ll move forward with the closing process, which is often handled by the company. Closing typically happens within one to two weeks, and you’ll receive your funds via check or wire transfer.
Popular We Buy Houses for Cash companies in Burlington
Considering selling your Burlington house to a cash buyer? The first step is finding a company that you can trust.
We’ve compiled some of the top companies that will pay cash for your or your parents’ Colonial or Cape Cod-style house. By selling to one of these companies, you should be able to sell your Burlington home in as little as a week or two.
Be Polite Properties
Be Polite Properties was founded by husband and wife team Dedric and Krystal Polite, the stars of “50/50 Flip” on Hulu and A&E. The company is based in Burlington and purchases homes in any condition throughout Alamance County. After submitting the short property information form on their website, you can receive a fair cash offer for your house within 24 hours. Closing can take place on your timeline, in as little as seven days.
Locations: Alamance County, including Burlington
Closing costs: Sellers pay no closing costs; Be Polite Properties covers them.
Be Polite Properties does not appear to be accredited by the Better Business Bureau (BBB), but they do have a 5-star rating on Google. Reviews mention their efficient renovation work, resulting in “beautiful and cozy” flipped properties.
Website: politeproperties.com
Phone number: 877-289-6436
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Burlington (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 Burlington.
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 Burlington
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
Arrington Investment Properties, LLC
Arrington Investment Properties, LLC, is a family-owned homebuying business established in 2010. They buy houses, townhouses, condos, duplexes, multi-tenant buildings, and even some commercial properties — all in as-is condition. You can get a fair, all-cash offer for your house within 24–48 hours of contacting the company. If you accept the offer, you can choose a closing date that fits your schedule, which could be in as little as seven days. Arrington Investment Properties, LLC purchases real estate in the Triad area of North Carolina, including Burlington.
Locations: Burlington, Greensboro, Winston Salem, Kernersville, High Point, and Reidsville, NC
Closing costs: Sellers pay no closing costs; Arrington Investment Properties, LLC covers them.
Arrington Investment Properties, LLC is not BBB-accredited but maintains an A+ rating. They also have a 5-star rating on Google. Previous sellers praise owner Bret Arrington’s
responsiveness, kindness, and trustworthiness. “Bret was very responsive, listened to my situation, and provided very honest feedback with no pressure,” reads a recent review. “Life delayed my end of the transaction, but Bret worked with me, allowing me the flexibility I needed.”
Website: webuygreensboroareahouses.com
Phone number: 336-707-5223
House Hunters of NC
House Hunters of NC, a family-owned company serving the Triad area (including Burlington), buys houses for cash in any condition. After giving them a call or filling out the form on their website, they’ll present you with a fair, no-obligation cash offer within 24 hours. Closing can occur in just a matter of days, or on the date of your choosing.
Locations: Greensboro and surrounding areas, including Burlington
Closing costs: Sellers pay no closing costs; House Hunters of NC covers them.
While House Hunters of NC does not seem to be BBB-accredited, it does boast a 4.7-star rating on Google. Previous sellers commend owner Chris and his team for their kindness, frequent check-ins, and transparency. “I was an emotional wreck at the thought of leaving the home I raised my family in, but Chris is the ultimate professional,” reads a recent review. “He offered a fair price for the home and made the whole transaction seamless from start to finish!”
Website: househuntersofnc.com
Phone number: 336-485-4457
Why sell your Burlington house for cash?
The appeal of house-buying companies is growing, especially among homeowners who don’t have the time or resources to sell their homes the traditional way.
In Burlington, it typically takes around 76 days, or two-and-a-half months, to sell a home using an agent. That includes an average of 34 days on the market plus the typical 42 days a buyer needs to close on a purchase loan.
Compare that to the typical seven to ten days promised by many house-buying companies in Burlington, 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.
Let’s explore various situations where choosing a cash offer could make sense for you:
- Job relocation: If you need to move quickly for a new job, selling for cash can simplify your transition.
- Divorce: Splitting assets during a divorce can be smoother when you sell your home quickly and easily.
- Inherited property: Managing and selling an inherited home can be streamlined with a cash offer.
- Downsizing: If you’re looking to move to a smaller home or a retirement community, a fast, cash sale can be appealing.
- Major repairs needed: If your home needs significant repairs, selling it as-is for cash can avoid the cost and effort of fixing it up.
- Avoid open houses: Selling directly for cash means you can skip staging and holding open houses.
- Foundation issues: Structural problems, especially serious ones like foundation issues, can be sidestepped by selling for cash.
- Foreclosure risk: If you’re at risk of foreclosure, a quick cash sale can help settle debts quickly.
- Troublesome tenants: Selling a rental property with tenants in place can be less complicated with a cash buyer.
- Out-of-state owner: Managing a sale from afar is easier when you opt for a straightforward cash transaction.
While a cash offer from a Burlington “We Buy Houses” company can be a quick solution if you’re facing any of these situations, it’s just one of several selling options to consider.
Pros and cons of house-buying companies in Burlington
Selling your home to a house-buying company in Burlington offers several advantages, especially if you need a quick sale or your property requires significant work. These companies simplify the selling process by purchasing homes as-is. However, this route does come with potential downsides, notably that you might receive less than what your home could fetch on the open market.
In this next section, we’ll compare the pros and cons of using a “We Buy Houses” company in Burlington:
Pros
- Speed of sale: You can close on your home quickly, often within a few days, which is ideal for urgent situations.
- Buy as-is: No need to worry about repairs or renovations; companies will buy your home in its current condition.
- No real estate fees: Selling to these companies means you don’t pay agent commissions, which can save you thousands.
- Simplified process: A cash sale involves fewer steps and less paperwork. There’s also no need to worry about the deal falling through due to financing or inspection contingencies.
Cons
- Below market value: Offers from these companies are typically less than what you might achieve in the traditional market, impacting your potential profit.
- Limited negotiation: The price offered is usually fixed, leaving little room for negotiation.
- Risk of scams: It’s important to verify the company’s credibility, as the industry is not immune to scams.
- Potential for regret: Some sellers might later regret not exploring other selling avenues that could have yielded a higher sale price.
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 decide to sell your Burlington home to a cash-buying company, remember that the level of service and integrity can vary significantly depending on the buyer. It’s essential to thoroughly vet the person or company making the offer to ensure you’re dealing with a reputable group.
Before committing to any cash offer, take the time to check online reviews, read testimonials, and research the company’s market presence and track record. Also, make sure to carefully read the buying agreement before signing anything. Understanding all the terms will protect you from potential issues down the line and ensure you’re making 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 it to your cash offer. HomeLight can connect you with a top-performing agent in Burlington. 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 Burlington home quickly
iBuyers
iBuyers, or instant buyers, utilize automated valuation models to make all-cash offers that are closer to market value. The iBuyer process is efficient and mostly conducted online, wrapping up sales in a few days to two weeks. Popular iBuyers, including Opendoor and Offerpad, tend to target homes in good condition, in areas with homogenous housing stock. They also charge service fees ranging from 5%–6%.
Listing with an agent
Although not traditionally the fastest route, partnering with a skilled real estate agent can lead to a quick sale if your home is in a seller-friendly market and well-priced. Agents provide a comparative market analysis (CMA), often for free, to help set a competitive list price. Additionally, a top agent might connect you with a cash buyer willing to pay closer to market value. If you’re interested in exploring this option, HomeLight can put you in touch with a leading agent in Burlington.
FAQs on Burlington house-buying companies
By and large, most We Buy Houses for Cash companies in Burlington 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 Burlington “We Buy Houses” 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 Craftsman-style home in Burlington could sell for $350,000 after repairs, but it will need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $215,000
In this example, a Burlington “We Buy Houses” company might offer you around $215,000 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 Burlington “We Buy Houses” 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” 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.
1. Research and vet the house-buying companies that serve Burlington. 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 Burlington vs. top Burlington agent
Another helpful exercise is to compare how a “We Buy Houses” 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 company in Burlington | Sell with a top Realtor in Burlington |
| Selling timeline | 7 to 30 days | 76 days average; 34 to attract an offer, 42 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” company and an agent-assisted sale.
Let’s say your home in Burlington is worth about $240,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $265,000.
| Sell to a We Buy Houses company in Burlington | Sell with a top Realtor in Burlington | |
| Estimated sale price | ($265,000 x .70) – $25,000 = $160,500 | $240,000 |
| Market preparations | 0 | $2,400 (1% of sale price) |
| Agent commissions | 0 | $13,920 (5.8% of sale price) |
| Closing costs | 0 | $3,600 (1.5%) |
| Estimated take-home for seller | $160,500 | $220,080 |
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
- “We Buy Houses” companies in Burlington can close quickly, often within days or a couple of weeks.
- You can sell your house in its current condition without the need for costly repairs.
- Vet cash home-buying companies thoroughly to avoid scams and protect your financial interests.
- Keep in mind that offers may be below market value, so evaluate them carefully. It’s important to know your home’s value before agreeing to sell.
- HomeLight’s Simple Sale platform provides no-obligation, all-cash offers for homes in any condition in Burlington, with a diverse network of partner investors to suit various needs.
Selling your home to a “We Buy Houses” company in Burlington can provide speed and simplicity, but it’s crucial to gather multiple offers and thoroughly consider all aspects of each before making a decision.
Consulting with a top Burlington agent can give you expert insights into how quickly and for what price your home might sell on the open market. Let HomeLight assist you in finding the right real estate solutions to meet your needs and maximize your home’s value.
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