We Buy Houses Chowchilla: Top 3 Companies
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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.
If you need to sell your Chowchilla home quickly, consider a We Buy Houses company. These companies purchase homes as-is, which is excellent when selling under a tight deadline. This is especially helpful when faced with a change in circumstances, like a sudden inheritance or a sudden change in employment.
This guide will explore the pros and cons of working with a We Buy Houses company in Chowchilla.
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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 Chowchilla area “We Buy Houses” companies should not be considered an endorsement.
“We Buy Houses” companies in Chowchilla
Working with a house-buying company in Chowchilla isn’t complicated. Here’s an easy-to-follow breakdown of how it works:
1. Contact the company: Contact a local We Buy Houses company by phone or online and share some basic information about your property.
2. Schedule a home assessment: The company will set up a time to assess your home’s condition, often by a quick walk-through or virtual tour.
3. Receive a cash offer: The company will provide a no-obligation cash offer based on your home’s condition and market value.
4. Review the offer: Take time to decide if the offer aligns with your needs and timeline, as there’s no pressure to accept.
5. Sign the purchase agreement: If you accept, you’ll sign a straightforward agreement to start the final steps.
6. Close on your timeline: With paperwork in order, you can close in as few as 7-14 days or on a timetable that fits your needs, receiving cash at closing.
Popular We Buy Houses for Cash companies in Chowchilla
If the process of selling to a house-buying company in Chowchilla 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 style or Colonial. By selling to one of these companies, you should be able to sell your Chowchilla home in as little as a week or two.
Osborne Homes
Osborne Homes was founded in 2007. The company purchases homes for cash, and has, rehabbed and sold over 2,000 properties with a primary mission to help distressed property owners find win-win solutions.
Locations: Chowchilla and other areas in the Madera County
Closing costs: Sellers pay no closing costs; Osborne Homes covers them.
Reviews of Osborn Homes speak to the company’s quick, smooth process and fair offers. They have a Google rating of 3.5.
Website: osbornehomes.com
Phone number: 559-500-3610
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Chowchilla (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 Chowchilla.
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 Chowchilla
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
KO Development Inc.
KO Development Inc. specializes in buying homes in Fresno and other parts of California, catering to homeowners facing various challenges. Regardless of the house’s condition, whether facing foreclosure, repair issues, or problematic tenants, this company stands ready to assist.
Locations: Chowchilla and other parts of California.
Closing costs: KO Development Inc. often pays for closing costs.
KO Development Inc. has been BBB accredited since 2023 and holds an A rating. They have a Google rating of 5.0.
Website: kodevelopmentcencal.com
Phone number: 559-826-1716
Why sell your Chowchilla house for cash?
Why sell your Chowchilla home for cash? Compared to selling on the open market, the process is significantly faster, with less chance of the sale falling through at the last minute.
In Chowchilla, it typically takes around 101 days to sell a home on the market using an agent. That includes an average of 58 days on the market plus the typical 43 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 Chowchilla, 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.
Here are some common scenarios where selling for cash may be the best fit:
- Job relocation: If you’re moving for work, a cash sale lets you sidestep the wait time of a traditional listing and settle into your new location quickly.
- Divorce: For those going through a divorce, a cash sale can make property division faster and easier for both parties.
- Inherited: If you’ve inherited a house and want to sell it, especially if it’s in another city or needs extensive work.
- Downsizing: If you’re ready to downsize, a cash sale can help you avoid the usual repairs and showings, making the process easier.
- Repairs: When your home requires extensive repairs, a cash sale allows you to sell as-is without incurring costly fixes.
- Open houses: To avoid the hassle of open houses and showings, selling to a cash buyer offers a more private, speedy sale.
- Foundation: Major issues like foundation problems can deter traditional buyers, but a cash buyer will purchase your home as-is.
- Foreclosure: If you’re selling a house in foreclosure, a cash sale can help you sell quickly and potentially protect your credit.
- Tenants: If your property is occupied by tenants, selling for cash can simplify the sale without needing to end leases or evict tenants.
- Selling from out of state: If you’re selling a house from out of state, a cash sale eliminates the logistics of managing a remote property listing.
Pros and cons of house-buying companies in Chowchilla
Working with a house-buying company in Chowchilla has its share of benefits and drawbacks. If you’re considering a cash sale, understanding these pros and cons can help you decide if it’s the right route for your needs.
A major advantage of a house-buying company in Chowchilla is the speed of the transaction. Cash buyers often close within days, and they’ll buy your property in any condition without requiring you to make repairs or show your home.
- Fast sale: Most house-buying companies can close within a week or two, helping you avoid lengthy listing periods and delays.
- Sell as-is: These companies will buy your home through a sell your house as-is process, which means no costly repairs, updates, or cleaning are necessary before the sale.
- Skip showings: You won’t need to prepare for open houses or ongoing showings, allowing for a private and simplified selling process.
- No contingencies: Cash offers from house-buying companies are typically free of contingencies, reducing the chance of delays or a failed sale.
The primary downside of selling to a house-buying company in Chowchilla is the likelihood of receiving offers from cash buyers. These companies aim to resell properties at a profit, which can mean a lower price than you might get with an experienced agent.
- Lower offer: Cash buyers tend to pay less than market value, making this approach less appealing if maximizing profit is your goal.
- No competitive bids: Selling to a house-buying company means forfeiting the chance for multiple offers, which could otherwise drive up the sale price.
- Potential scams: Some cash-for-homes offers could be misleading or even scams, so it’s essential to research companies carefully.
- Limited negotiation: Many house-buying companies present take-it-or-leave-it offers, leaving little room to adjust the terms or price to better fit your needs.
Curious What Your Home Is Worth?
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Vet cash buyers and know your home’s worth
- Do your research: The integrity and service quality of We Buy Houses companies can vary widely. Look up each company, check its background, and read client reviews and testimonials.
- Check for a strong reputation: Make sure the company has a well-established presence in the market. Look for any red flags or issues reported in its performance or practices.
- Confirm legitimacy: Verify the business’s legitimacy by checking its registration and whether it has a credible history in your area. Avoid companies with vague or incomplete information.
- Read the offer agreement carefully: Before signing anything, review the agreement terms closely. Make sure you understand all conditions and timelines to avoid surprises later.
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 Chowchilla home quickly
iBuyers: Known for their quick offers and streamlined, mostly online process, iBuyers use automated valuation models (AVMs) to estimate your home’s value instantly. They offer cash for homes in good condition, typically closing in days to two weeks, though companies like Opendoor and Offerpad may charge fees up to 6% for their service. Check the full iBuyer process.
Listing with an agent: Selling with a real estate agent can be surprisingly fast in seller-friendly markets, particularly when paired with strategic pricing and effective marketing. A top agent can also provide a comparative market analysis (CMA) to help price your home and may connect you with cash buyers. CMAs are often free, and HomeLight can connect you with top agents for guidance.
FAQs on Chowchilla house-buying companies
By and large, most We Buy Houses for Cash companies in Chowchilla 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 Chowchilla 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 Chowchilla Colonial could sell for $415,000 after repairs, but it will need $30,000 of work to get there.
(415,000 x .70) – $30,000 = $260,500
In this example, a Chowchilla We Buy Houses company might offer you around $260,500 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 Chowchilla 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 might impact your bottom line is always a good idea.
1. Research and vet the house-buying companies that serve your Chowchilla 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 Chowchilla vs. top Chowchilla 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 Chowchilla | Sell with a top Realtor in Chowchilla |
| Selling timeline | 7 to 30 days | 101 days average; 58 to attract an offer, 43 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 | 3%-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 Chowchilla is worth about $415,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $440,000.
| Sell to a We Buy Houses for Cash company in Chowchilla | Sell with a top Realtor in Chowchilla | |
| Estimated sale price | ($440,000 x .70) – $25,000 = $283,000 | $415,000 |
| Market preparations | 0 | $4,150 (1% of sale price) |
| Agent commissions | 0 | $12,450 (3%) |
| Closing costs | 0 | $6,225 (1.5%) |
| Estimated take-home for seller | $283,000 | $392,175 |
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 closing: House-buying companies in Chowchilla can often close within a week or two, allowing you to avoid the lengthy process of a traditional sale.
- Sell as-is: You won’t need to make repairs or updates; these companies typically buy homes in any condition.
- Lower offers: Expect an offer below market value, as these companies aim to resell your home at a profit.
- Convenience: A cash sale removes the need for showings, staging, and other time-consuming tasks.
- 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 Chowchilla agent.
Header Image Source: (Ron Greenberg/ Pexels)
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