5 Top We Buy Houses for Cash Companies in Concord
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Joseph Gordon Associate EditorJoseph Gordon is an Associate Editor with HomeLight. He has seven years of experience reporting on the commercial real estate and insurance industries. He holds an MFA in Creative Writing from the University of San Francisco.
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.
“We Buy Houses” companies offer an alternative solution for homeowners in Concord and other cities who need to sell their properties quickly. These companies will make all-cash offers, particularly for homes that may require some repairs.
A fast cash sale can be the perfect selling solution for homeowners who might not have the time, expertise, or financial resources to make repairs or go through a lengthy selling process.
This post will dig into the pros and cons of working with house-buying companies in Concord, helping you weigh your options and decide whether this route aligns with your selling goals.
Sell Your House Fast in Concord 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 Concord.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Concord area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Concord
Working with house-buying companies to sell your home is a simple process, but there are some steps you should know. Here’s a quick overview of how it typically works:
- Find a reputable company: Look for well-reviewed house-buying companies in Concord specializing in cash purchases. Doing some research can ensure you’re dealing with a trustworthy firm.
- Request an offer: Contact the company to express your interest in selling your house. They typically ask for basic information about your property to prepare an initial offer.
- Home evaluation: The company may conduct an in-person or virtual evaluation of your home to assess its condition and finalize the offer. This step ensures the offer reflects the home’s current state.
- Receive the offer: You’ll receive a no-obligation cash offer after evaluation. Remember, most house-buying companies propose a take-it-or-leave-it deal with minimal or no room for negotiation.
- Accept the offer: If the offer looks good,, you can accept it to proceed with the sale.
- Close the sale: The closing process is often quick and can sometimes be completed in as little as a week. You’ll sign the necessary paperwork and receive the cash for your home.
Popular We Buy Houses for Cash companies in Concord
If the process of selling to a house-buying company in Concord 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 you or your parents’ traditional or craftsman home. By selling to one of these companies, you should be able to sell your Concord home in as little as a week or two.
Travis Buys Home
Travis Buys Homes is a real estate company in Charlotte that prides itself on its promise of fairness and integrity, vowing to avoid exploiting misfortunes and focusing on win-win transactions.
Locations: Triad area of North Carolina, including Concord
Closing costs: Sellers pay no closing costs; Travis Buys Homes covers them.
Customer reviews for Travis Buys Homes highlight the company’s commitment to customer satisfaction, efficient service, and professionalism. Clients appreciate the honesty, clarity, and accessibility offered throughout the non-traditional home-selling process. They have a Google rating of 4.9.
Website: travisbuyshomes.com/we-buy-houses-concord-nc/
Phone number: 704-459-5700
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Concord (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 Concord.
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 Concord
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
Bigger Equity
BiggerEquity is a nationwide house-buying company that began operations in 2016. The company says it can make a cash offer in as little as seven minutes and close as quickly as seven days.
Locations: BiggerEquity buys houses throughout North Carolina, including Concord. The company serves homeowners in all 50 U.S. states.
Closing costs: Sellers pay no closing costs; BiggerEquity covers them.
BiggerEquity has been BBB accredited since 2018 and holds an A+ rating and 4.8 stars on Google. Customer reviews on Google for BiggerEquity speaks to a smooth, transparent, and up-front process without pressure or surprises.
Website: biggerequity.com/north-carolina/concord/
Phone number: 866-333-8377
New Again Houses
Founded in 2008 in Bristol, Tennessee, New Again Houses turns houses needing some TLC into functional family homes. They serve homeowners in the Tri-Cities area and across the country. They’ve even developed proprietary software to support franchise owners in confidently flipping houses in their markets.
Locations: New Again Houses serves homeowners in various locations, including Concord, Hendersonville, and surrounding areas.
Closing costs: Sellers pay no closing costs; New Again Houses covers them.
New Again Houses has been accredited with the Better Business Bureau (BBB) since 2011 and holds an A+ rating. Customers have praised the company’s professionalism, patience, and helpfulness throughout the process.
Website: newagainhouses.com/locations/nc/concord
Phone number: 919-980-4706
Solution Home Buyer
Solution Home Buyers LLC is a nationwide home-buying company specializing in purchasing properties quickly and efficiently. They offer cash offers for homes that may need to be sold in as-is condition without needing repairs.
Locations: Solution Home Buyers serves a variety of places in North Carolina, including Concord, Cabarrus County, Catawba County, Gaston County, Iredell County, Lincoln County, Mecklenburg County, Rowan County, and Union County.
Closing costs: Sellers pay no closing costs; Solution Home Buyers LLC covers them.
Solution Home Buyers has an A+ rating with the Better Business Bureau (BBB), and their Google Reviews show a 4.8-star rating. Customers have praised the company for its professionalism and fair prices.
Website: solutionhomebuyers.com/sell-my-house-concord/
Phone number: 704-870-2100
Why sell your Concord house for cash?
There are plenty of valid reasons a Concord home seller may choose to work with a Cash-For-Homes company. Sellers are typically drawn to the speed and ease in which a transaction can be completed compared to a traditional sale method.
In Concord, it typically takes around 97 days to sell a home on the market using an agent. That includes an average of 50 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 Concord, 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 opting for a cash sale might be right for you:
- Job relocation: When you’re relocating for a job and need to move quickly without the hassle of a traditional sale.
- Divorce: Selling your home for cash can simplify the process during a divorce, allowing both parties to move on more swiftly.
- Inherited property: If you’ve inherited a property you’re not prepared to maintain or rent out, a cash sale can be a straightforward solution.
- Downsizing: Perfect for when you’re looking to move into a smaller, more manageable home without the delays of the open market, especially if considering downsizing.
- Major repairs needed: Selling for cash means you can avoid the time and expense involved in fixing major issues before selling, such as repairs.
- Avoiding open houses: If the idea of open houses and constant showings doesn’t appeal to you, a cash sale is a private alternative.
- Foundation issues: Homes with significant issues, like foundation problems, are often more easily sold to investors who are prepared to handle them.
- Facing foreclosure: To avoid the stress and credit damage of foreclosure, a quick cash sale can offer a way out.
- Problematic tenants: For landlords tired of dealing with tenants or property management, selling for cash offers an escape.
- Selling from out of state: Managing a sale from afar can be challenging; cash sales simplify this process significantly, especially when selling from out of state.
Pros and cons of house-buying companies in Concord
When considering a house-buying company in Concord, it’s important to understand the pros and cons. Here are some of the main things sellers should consider:
Pros:
- Speed: House-buying companies in Concord can close a deal much faster than the traditional market, often within days.
- No repairs needed: Your home can be sold as-is without spending on repairs or renovations.
- Simplicity: The selling process is straightforward, with fewer contingencies and less paperwork than traditional sales.
- Guaranteed sale: There’s a high certainty of sale, avoiding the uncertainty and stress of the open market.
The most significant downside to using a house-buying company is that you will likely receive an offer below market value for your home, which might be substantially less than what you could earn selling through an experienced real estate agent.
Cons:
- Lower offers: Expect to receive offers below the full market value for your property.
- Limited negotiation: There’s little to no room for negotiating the offer from the house-buying company.
- Potential for scams: While many companies are reputable, the risk of falling victim to scams exists.
- Less profit: Selling to a cash buyer means you might miss out on higher offers in the traditional real estate 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
Vetting cash buyers and knowing the worth of your home in Concord are crucial steps before proceeding with a sale. The integrity and service level offered by We Buy Houses for Cash companies can significantly vary, mainly depending on the character of the person or group making the offer.
You need to conduct thorough research on the company you’re considering. Checking reviews, reading testimonials, and researching its market presence and performance will help ensure you deal with a reputable entity.
Before you commit to any cash offer, make sure to read the buying agreement carefully. Understanding the agreement’s terms and conditions will protect you from potential misunderstandings or unfavorable conditions.
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 Concord home quickly
iBuyers, such as Opendoor and Offerpad, use automated valuation models (AVMs) to offer a swift, mostly online selling experience. These platforms provide all-cash offers close to market value for homes in good condition, with the entire iBuyer process from offer to closing taking as little as a few days. However, they typically charge service fees of 5%-6%.
Listing your property with a real estate agent might also be a quick sale avenue, especially in a seller-friendly market. An agent can provide valuable insights through a comparative market analysis (CMA), which is often free and helps set an appropriate listing price. Partnering with a top agent could yield the highest sale price for your home.
If you’re considering this option, HomeLight can connect you with a top-performing agent in your area. This option can be particularly advantageous if an agent can find a cash buyer willing to offer a price close to market value.
FAQs on Concord house-buying companies
By and large, most We Buy Houses for Cash companies in Concord 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 Concord 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 Concord traditional home could sell for $415,000 after repairs, but it’s going to need $30,000 of work to get there.
($415,000 x .70) – $30,000 = $260,500
In this example, a Concord 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 Concord 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 the offer is accepted. However, 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.
- Research and vet the house-buying companies that serve your Concord area. Our list above is a good place to start.
- 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 Concord vs. top Concord 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 Concord | Sell with a top Realtor in Concord |
| Selling timeline | 7 to 30 days | 97 days average; 50 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 Concord is currently 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 Concord | Sell with a top Realtor in Concord | |
| 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 | $24,070 (5.8% of sale price) |
| Closing costs | 0 | $6,225 (1.5%) |
| Estimated take-home for seller | $283,000 | $380,555 |
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
- Speed of sale: Selling to a house-buying company in Concord can significantly expedite the process, making it ideal for those needing to sell quickly.
- No repairs necessary: You can sell your home as-is, avoiding the time and expense of making repairs before selling.
- Simple process: The sale process is straightforward, with fewer contingencies and less paperwork than traditional sales.
- Below market offers: Be prepared to receive offers below market value compared to selling on the market with an experienced real estate agent.
- Vetting is crucial: Researching and vetting potential buyers can protect you from scams and ensure you work with a reputable company.
- Know your home’s worth: Understanding your home’s market value is essential before accepting any cash offers.
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 Concord agent.