5 Top We Buy Houses for Cash Companies in Chattanooga

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In Chattanooga, “We Buy Houses” companies are known for their all-cash offers, targeting homes that often require repairs. For homeowners who lack the time, expertise, or financial resources to fix their homes, these cash sales offer a quick passage to receiving funds, enabling sellers to move forward with their life plans without delay.

Selling your Chattanooga home to a cash-for-homes company can be ideal for those caught in unexpected or urgent circumstances, such as a job relocation or divorce.

This post will dig into the pros and cons of engaging with house-buying companies, offering you the insights needed to weigh your options effectively. Whether you’re facing a sudden relocation, financial strain, or simply wish to avoid the hassle of traditional home selling, we’re here to guide you through your choices.

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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 Chattanooga area “we buy houses” companies should not be considered an endorsement.

Working with house-buying companies in Chattanooga

Selling your Chattanooga home to a house-buying company is straightforward. Here’s a simple guide to the process:

  1. Find a reputable company: Research and select a trustworthy “We Buy Houses” company in Chattanooga with a solid track record.
  2. Submit your property details: Provide the company with information about your home, usually through an online form or a quick phone call.
  3. Receive an offer: Based on your home’s details, the company will likely present you with an all-cash offer within 24 to 48 hours.
  4. Accept the offer: If it aligns with your expectations, you can accept it, bypassing the need for repairs or staging your home for sale.
  5. Close the deal: The company will handle most of the closing paperwork, and you can often receive your cash within a week.

Popular We Buy Houses for Cash companies in Chattanooga

If the process of selling to a house-buying company in Chattanooga 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 or your parents’ Contemporary or Traditional Farmhouse. By selling to one of these companies, you should be able to sell your Chattanooga home in as little as a week or two.

New Horizon Home Buyers

New Horizon Home Buyers simplifies the home-selling process by offering a cash-for-houses approach. Their unique approach caters to those seeking a faster, hassle-free experience, even purchasing homes with existing tenants.

Locations: Chattanooga

Closing costs: Sellers pay no closing costs; New Horizon Home Buyers cover them.

Simple Sale (a HomeLight platform)

Simple Sale, a solution from HomeLight, is an online platform where sellers in Chattanooga (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 Chattanooga.

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 Chattanooga

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.

I Buy 423 LLC

I Buy 423 LLC was founded in Chattanooga to assist individuals facing tough real estate situations. It offers solutions for homeowners across various scenarios, including foreclosures, inherited properties, and quick sales.

Locations: Chattanooga

Closing costs: Sellers pay no closing costs; I Buy 423 LLC covers them.

Cash Out On My Home

Cash Out On My Home boasts a team of dedicated experts, emphasizing seamless communication and swift action every step of the way. They leverage their deep understanding of real estate and sharp analytical skills to provide customized solutions for sellers.

Locations: Chattanooga, Knoxville

Closing costs: Sellers pay no closing costs; Cash Out On My Home covers them.

Dignity Properties

Dignity Properties, led by founder Chad Bonawitz, leverages his extensive experience in Tennessee real estate to help sellers unload properties quickly and “as-is.” They emphasize understanding each seller’s unique situation and collaborating closely to find the best solution.

Locations: Chattanooga and all over Tennessee

Closing costs: Sellers pay no closing costs; Dignity Properties covers them.

Why sell your Chattanooga house for cash?

There are plenty of valid reasons a Chattanooga home seller may choose to work with a Cash-For-Homes company. Speed, sale certainty, and remarkable convenience are the primary reasons sellers choose this option.

In Chattanooga, it typically takes around 104 days to sell a home on the market using an agent. That includes an average of 57 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 Chattanooga, 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.

Cash-for-homes companies offer a streamlined, efficient alternative to the traditional home-selling process, which can be particularly appealing in specific situations.

  • Job relocation: When you’re relocating for a job and need to move quickly, selling for cash means a faster transition without the hassle of a long-distance sale.
  • Divorce: Divorce can necessitate a quick home sale to liquidate assets and facilitate a fresh start for both parties. Divorce can make this option particularly appealing.
  • Inherited: Inheriting a home can come with its own challenges, especially if you’re not prepared to take on the responsibilities of ownership. The process of inheriting a house and wanting to sell it is common.
  • Downsizing: As retirement approaches, you might consider downsizing to simplify your lifestyle or to move into retirement communities that better suit your needs.
  • Repairs: Facing costly repairs that you can’t afford or justify, such as major structural or system issues, can make a cash sale more appealing.
  • Open houses: The thought of hosting open houses and dealing with the public traipsing through your home can be daunting and undesirable.
  • Foundation: Significant issues like foundation problems can be a deal-breaker for traditional buyers but less so for cash buyers.
  • Foreclosure: If you’re facing foreclosure, a quick cash sale can help you avoid the worst outcomes and potentially save your credit.
  • Tenants: Dealing with difficult tenants or simply wanting to get out of the landlord business can make a cash offer attractive.
  • Selling from out of state: Managing a sale from afar can be complicated and stressful, making a straightforward cash offer a preferable option. The process of selling from out of state simplifies with a cash offer.

As we move forward, we’ll dive into the pros and cons of working with house-buying companies, helping you better understand whether this path aligns with your needs and goals.

Pros and cons of house-buying companies in Chattanooga

Selling your Chattanooga home to a house-buying company offers a mix of advantages and limitations. These companies excel in providing a quick sale and purchasing homes in any condition, eliminating the need for repairs or preparations.


  • Quick sale: The most significant benefit is the speed of the transaction. House-buying companies can often close a deal within a week, allowing you to move forward quickly.
  • No repairs needed: Your home will be purchased as-is, meaning you won’t have to spend time or money on repairs or home improvements before selling.
  • Simplicity: The selling process is straightforward, with fewer contingencies and no need for open houses or staging.
  • Cash payment: You receive a cash payment, which can be particularly beneficial if you need immediate funds or wish to avoid the uncertainties of buyer financing.

Selling to a house-buying company, however, may not be without its drawbacks.


  • Below market value: You will likely receive an offer that’s below market value compared to selling on the market with an experienced real estate agent.
  • Limited negotiation: Offers from these companies are typically non-negotiable, giving you little room to maneuver for a better price.
  • Potential for scams: While many companies are reputable, the industry is also ripe for scams. It’s essential to research thoroughly to avoid fraudulent schemes.
  • Loss of potential profit: By accepting a quick cash offer, you might miss out on the higher profits that could come from a traditional sale, especially in a seller’s market.

Understanding the pros and cons is crucial before deciding to sell your Chattanooga home to a cash buyer. Next, we’ll explore how to vet cash buyers and know your home’s worth, ensuring you make an informed decision.

Curious What Your Home Is Worth?

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Vet cash buyers and know your home’s worth

When you decide to sell your Chattanooga home to a “We Buy Houses for Cash” company, the integrity and level of service you receive can significantly vary. This variation often depends on the character and professionalism of the person or group making the offer. Before you commit to a cash offer, it’s crucial to vet the company thoroughly. Take the time to check reviews, read testimonials, and research any company you are considering selling your home to.

Additionally, understanding the true value of your home is key before signing any agreements. This knowledge ensures you’re making an informed decision and not undervaluing your property. Carefully read the buying agreement to understand all terms and conditions. Remember, being informed is your best defense against underselling your home or falling into potential traps.

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 Chattanooga home quickly

There are alternatives to cash-for-homes companies, such as iBuyers or working with a local real estate agent.

iBuyers, or instant buyers, utilize automated valuation models (AVMs) to offer a fast, mostly online home selling experience. They provide all-cash offers, usually closer to market value, for homes in better condition, with the entire iBuyer process from offer to closing taking as little as a few days.

Keep in mind that service fees can range from 5%-6%. This option is ideal for sellers with homes in regions of uniform housing and relatively good shape.

On the other hand, listing with a real estate agent could yield the highest selling price, especially in a seller-friendly market. Agents help strategically price and market your home, potentially leading to a quick sale. They provide valuable insights through a Comparative Market Analysis (CMA), which is often free and helps determine the best listing price.

A top agent might also connect you with cash buyers willing to pay closer to market value. If you’re considering this option HomeLight can connect you with a top-performing agent in your area.

FAQs on Chattanooga house-buying companies

Are We Buy Houses for Cash companies legit or scams?

By and large, most We Buy Houses for Cash companies in Chattanooga 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 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 Chattanooga pay?

As described in our pros and cons list above, most Chattanooga 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 Chattanooga Traditional Farmhouse could sell for $310,000 after repairs, but it’s going to need $30,000 of work to get there.

($310,000 x .70) – $30,000 = $187,000

In this example, a Chattanooga We Buy Houses company might offer you around $187,000 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.

How much does selling a home to a We Buy Houses for Cash company in Chattanooga cost?

When you accept an offer from a Chattanooga We Buy Houses for Cash 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.

How do you sell a house for cash in Chattanooga?

  1. Research and vet the house-buying companies that serve your Chattanooga 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 Chattanooga vs. top Chattanooga 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 Chattanooga Sell with a top Realtor in Chattanooga
Selling timeline 7 to 30 days 104 days average; 57 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 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 Chattanooga is worth about $310,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $335,000.

Sell to a We Buy Houses for Cash company in Chattanooga Sell with a top Realtor in Chattanooga
Estimated sale price ($335,000 x .70) – $25,000 = $209,500 $310,000
Market preparations 0 $3,100 (1% of sale price)
Agent commissions 0 $17,980 (5.8% of sale price)
Closing costs 0 $4,650 (1.5%)
Estimated take-home for seller $209,500 $284,270

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 sale: Selling to a Chattanooga Cash-For-Homes company can significantly speed up the process of moving out and moving on.
  • As-is sale: You can sell your home in its current condition, avoiding the cost and time of making repairs.
  • Simplicity: The selling process is streamlined, with fewer steps and no need for staging or open houses.
  • Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.

For homeowners in Chattanooga considering a Cash-For-Homes company, it’s prudent to gather multiple offers and take the necessary time to weigh your options carefully before making a commitment. Consulting with a top Chattanooga agent can provide expert insights into how quickly and for how much your property might sell on the market.

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 Chattanooga agent.

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