We Buy Houses Deerfield Beach: 5 Top 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.
In Deerfield Beach, “We Buy Houses” companies are known for making all-cash offers on homes that may need a bit of TLC. For homeowners who find themselves strapped for time, lacking the expertise for home repairs, or short on funds to get their property market-ready, a cash sale presents an easy way out of a tough situation.
However, selling to a cash-for-homes company can seem daunting, especially when faced with an unexpected or urgent need to sell.
This post aims to guide you through the intricacies of selling your home for cash in Deerfield Beach. By exploring the advantages and disadvantages, we’ll help you weigh your options and make an informed decision on whether this route aligns with your selling goals.
Sell Your House Fast in Deerfield Beach 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 Deerfield Beach, FL.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Deerfield Beach area “We Buy houses” companies should not be considered an endorsement.
Working with house-buying companies in Deerfield Beach
Working with house-buying companies in Deerfield Beach offers an easy way to sell your home. Here’s a quick look at how the process works:
- Research companies: Find reputable “We Buy Houses” companies in Deerfield Beach. Ensure they have a solid track record of fair offers and professional dealings.
- Submit your property details: Reach out to your chosen company and provide them with all the necessary information about your property. This typically includes your address, home size, condition, and any unique features.
- Receive an offer: The company will review your submission and likely conduct an assessment of your home, either virtually or in person. Based on this, they’ll present you with a cash offer.
- Review the offer: Take some time to consider the offer. Remember, most house-buying companies present a no-obligation offer, so you can accept or reject it.
- Close the deal: If you accept the offer, the company will work with you to close the sale. The closing process is usually fast, often within a week, and they typically handle all the paperwork.
- Get paid: Once everything is finalized, you’ll receive your cash payment. This quick payout is one of the main benefits of working with a cash-for-homes company.
Popular We Buy Houses for Cash companies in Deerfield Beach
If the process of selling to a house-buying company in Deerfield Beach 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 parents’ mid-century ranch-style or Mediterranean Revival house. By selling to one of these companies, you should be able to sell your Deerfield Beach home in as little as a week or two.
The Friendly Home Buyer
Established in 2017, The Friendly Home Buyer, a Miami-based house-buying company, emphasizes speed and assurance of cash sale closings within three days. Owned by Jared Sandel, boasting real estate industry experience dating back to 2011, the company commits to providing an instant cash offer once minimal information is submitted online.
Locations: Serves South Florida, including Deerfield Beach.
Closing costs: Sellers pay no closing costs; The Friendly Home Buyer covers them.
The Friendly Home Buyer, accredited by BBB since 2017 with an A+ rating, has earned a 4.9 Google star rating. Customers commend their speed, friendliness, caring approach, fair offers, and hassle-free process for selling homes ‘as is’ for cash.
Website: thefriendlyhomebuyer.com
Phone number: 888-713-9158
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Deerfield Beach (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 Deerfield Beach.
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 Deerfield Beach, FL.
Closing costs: No prep costs, no agent commissions, and no 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
All About Real Estate
All About Real Estate (AARE) has held BBB accreditation with an A+ rating since 2018. It offers closings in as little as seven days, longer if needed. This extends to various property types, including distressed homes or those with challenges like hostile tenants, liens, or violations.
Locations: All over Florida, including Deerfield Beach.
Closing costs: You pay no closing costs; All About Real Estate covers them.
All About Real Estate maintains a 5.0 rating. Customers laud the company’s integrity, prompt delivery on promises, and legitimacy as real estate buyers in South Florida. Other reviews praise their knowledge and transparent processes.
Website: allaboutrealestate.com
Phone number: 786-753-8500
FL Cash Home Buyers
Formed in 2011, FL Cash Home Buyers, LLC has completed over 800 real estate transactions.
Along with providing full cash offers to purchase homes in “as is” condition, Florida Cash Home Buyers also offers another sale option in which the company completes necessary repairs on the property and helps you find a third-party buyer.
Locations: Throughout Florida, including Deerfield Beach.
Closing costs: You pay no closing costs; FL Cash Home Buyers cover them.
FL Cash Home Buyers has over 140 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
Freedom Cash Home Buyers
Founded in 2017, Freedom Cash Home Buyers prides itself on having no hidden fees or closing deductions. To work with Freedom Cash Home Buyers, you’ll first speak with a representative over the phone and provide information about your home and needs. After analyzing your home, an employee will provide you with an offer over the phone.
Locations: Throughout Florida, including Deerfield Beach.
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 rating. Many reviews speak of the employees’ quick responses to calls and emails, as well as their ability to answer questions truthfully. Sellers also report a simple closing process, even if a home is in poor condition.
Website: freedomcashhomebuyers.com
Phone number: 855-491-2291
Why sell your Deerfield Beach house for cash?
There are plenty of valid reasons a Deerfield Beach home seller may choose to work with a Cash-For-Homes company. The biggest benefits are speed, certainty, and remarkable convenience.
In Deerfield Beach, it typically takes around 101 days to sell a home on the market using an agent. That includes an average of 55 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 Deerfield Beach, 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 a house-buying company might be the ideal solution:
- Job relocation: When you’re relocating for a job and need to sell quickly without the hassle of a traditional sale.
- Divorce: During a divorce, selling fast can simplify the division of assets.
- Inherited property: You’ve inherited a house and want to sell it quickly, especially if it’s in another city or needs extensive work.
- Downsizing: Ideal for those looking to downsize and simplify their living situation quickly.
- Repairs: When selling a house in poor condition is more convenient than handling significant repairs.
- Avoiding open houses: For sellers who prefer not to deal with the inconvenience of open houses.
- Foundation issues: Useful for homes with major foundation problems, which can be hard to sell traditionally.
- Foreclosure: If you’re facing foreclosure, selling a house in foreclosure for cash can settle debts quickly.
- Problem tenants: For landlords with tenants that are difficult to manage or evict.
- Selling from out of state: When you’re selling a property from out of state, a quick cash sale can simplify the process.
Pros and cons of house-buying companies in Deerfield Beach
Selling your Deerfield Beach home to a house-buying company can offer a fast and hassle-free experience, especially appealing if you need to sell quickly or your home requires significant work.
Pros:
- Speed of sale: One of the biggest advantages is the quick closing, often within days, which is perfect for urgent selling needs.
- No repairs needed: Your home will be purchased as-is, eliminating the need for costly and time-consuming repairs or renovations.
- Simplified selling process: The transaction involves fewer contingencies, making for a smoother and faster sale.
- No commission or fees: Selling directly means you bypass agent commissions and closing fees, potentially saving thousands.
However, while the convenience is significant, selling to a house-buying company in Deerfield Beach may not always yield the best financial outcome.
Cons:
- Below market offers: The most significant drawback is receiving offers from cash buyers, which impacts the total profit from your sale.
- Limited negotiation: Offers from cash buyers are typically non-negotiable, leaving little room for you to advocate for a higher price.
- Potential for scams: It’s crucial to be vigilant as the industry is not immune to scams, emphasizing the importance of thorough research.
- Less exposure: Direct sale means your home won’t be listed on the open market, potentially missing out on higher offers from other interested buyers.
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 work with a “We Buy Houses for Cash” company in Deerfield Beach, it’s crucial to remember that your experience can vary significantly depending on the integrity and service quality of the company you choose. The character of the person or group behind the offer plays a pivotal role in determining the smoothness of your selling journey.
Before committing to a cash offer, take the time to vet the company thoroughly. It is essential to check online reviews, read testimonials, and research its market presence and performance. Additionally, ensure you read and understand the buying agreement before signing. This due diligence will help you confidently navigate the process, ensuring you make an informed decision tailored to your 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 for an initial ballpark estimate in less than two minutes.
Other options to sell your Deerfield Beach home quickly
For Deerfield Beach homeowners seeking swift sales, exploring options beyond cash-for-homes companies, such as iBuyers and real estate agents, can offer viable alternatives. iBuyers, like Opendoor and Offerpad, use automated valuation models (AVMs) to propose almost instant, market-aligned cash offers for homes in good condition, typically closing within days to two weeks. Keep in mind, iBuyers charge service fees around 5%-6%.
On the other hand, selling through a top real estate agent might maximize your home’s selling price, leveraging a comparative market analysis (CMA) to strategically price and market your home.
This approach, often providing a CMA for free, can quickly attract buyers willing to pay close to or above market value. For those open to exploring this route, HomeLight can connect you with leading local agents, enhancing your chances of a lucrative and speedy sale.
FAQs on Deerfield Beach house-buying companies
By and large, most We Buy Houses for Cash companies in Deerfield Beach 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 Deerfield Beach 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 Deerfield Beach ranch house could sell for $250,000 after repairs, but it’s going to need $30,000 of work to get there.
($250,000 x .70) – $30,000 = $145,000
In this example, a Deerfield Beach We Buy Houses company might offer you around $145,000 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 Deerfield Beach 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.
- Research and vet the house-buying companies that serve your Deerfield Beach 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 Deerfield Beach vs. top Deerfield Beach 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 Deerfield Beach | Sell with a top Realtor in Deerfield Beach |
| Selling timeline | 7 to 30 days | 101 days average; 55 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 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 Deerfield Beach is currently worth about $250,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $275,000.
| Sell to a We Buy Houses for Cash company in Deerfield Beach | Sell with a top Realtor in Deerfield Beach | |
| Estimated sale price | ($275,000 x .70) – $25,000 = $167,500 | $250,000 |
| Market preparations | 0 | $2,500 (1% of sale price) |
| Agent commissions | 0 | $14,500 (5.8% of sale price) |
| Closing costs | 0 | $3,750 (1.5%) |
| Estimated take-home for seller | $167,500 | $229,250 |
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 and simplicity: Selling your Deerfield Beach home to a Cash-For-Homes company can provide a quick and straightforward sale, especially appealing in urgent situations.
- As-is convenience: These companies buy homes in any condition, allowing you to skip repairs and preparations.
- Below market offers: Be prepared for offers that may be below market value, reflecting the trade-off for speed and convenience.
- Research is key: Thoroughly vet any house-buying company by checking reviews and testimonials to avoid scams and ensure a fair deal.
- 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 Deerfield Beach agent.
Header Image Source: (paulbr75/Pixabay)
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