5 of the Top We Buy Houses for Cash Companies in Duluth
- Published on
- 15 min read
-
Joseph Gordon EditorClose
Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
“We Buy Houses” Duluth companies are changing the game for homeowners looking to sell fast, offering all-cash deals for properties in any condition. Whether you’re short on time, lack the funds for repairs, or simply don’t have the expertise, a cash offer for your property could be exactly what you need to get out of a tough situation with minimal effort.
This post will help you weigh the pros and cons of selling your home to a cash-for-homes company, so you can make the right decision for you and your property.
Sell Your House Fast in Duluth 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 Duluth.
Working with house-buying companies in Duluth
Partnering with a Duluth house-buying company involves a simple process. Here’s a quick step-by-step guide to how selling your house for cash works:
1. Find a reputable company: Start by researching and selecting a credible cash-for-homes company in Duluth. Look for reviews and testimonials to check their reliability.
2. Submit your property details: Provide the company with details about your home. This usually involves filling out a form on their website or making a direct phone call.
3. Receive an offer: The company will assess your property, often with a quick visit, and then present you with a cash offer. Remember, these offers are usually non-negotiable.
4. Review the offer: Take your time to consider the offer. Evaluate if it aligns with your needs and expectations for a fast sale.
5. Accept the offer: If the offer works for you, accept it to proceed with the sale.
6. Close the deal: The company will handle most of the paperwork and closing details. You can typically expect to close the sale and receive cash within a week or two.
Popular We Buy Houses for Cash companies in Duluth
If the process of selling to a house-buying company in Duluth 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’ property, whether that’s a Victorian or Craftsman home. By working with one of these companies, you can sell your Duluth home in as little as a week or two.
Minnesota Home Brothers
Minnesota Home Brothers offers a fast and convenient alternative to the traditional real estate process. Within 24 hours of receiving property details, the team delivers a competitive cash offer based on its in-depth local market knowledge.
Properties are purchased in their current condition, eliminating the need for repairs, cleaning, or multiple showings. Sellers are given full flexibility to choose their preferred closing date, with the option to finalize the sale in just a few days.
Locations: Twin Cities and surrounding communities, including Duluth
Closing costs: Sellers pay no costs; Minnesota Home Brothers covers them.
Given the company’s responsible business practices, Minnesota Home Brothers has been accredited by the Better Business Bureau (BBB) since 2024 and proudly holds an A+ rating. Thanks to positive customer reviews, its Google Business Profile features a perfect 5-star rating.
Clients say MN Home Brothers delivers exceptional service, even in complex and high-pressure situations. Known for their professionalism and empathy, the team provides fair offers and remains committed through challenges. Their ability to handle difficult circumstances with courtesy and efficiency makes them a trusted choice for those seeking a smooth, reliable property sale.
Website: minnesotahomebrothers.com
Phone number: 952-230-2324
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Duluth (and across the country) can request a cash offer for their home. It connects you to one of the largest networks 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 Duluth.
With this platform, 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 Duluth
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it received BBB accreditation in 2019 and now holds an impressive 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.
Website: homelight.com/simple
Phone: 844-488-8455
Sota Home Buyers
Sota Home Buyers offers a hassle-free way to sell properties, regardless of the condition. From homes requiring extensive repairs to move-in-ready residences, the company provides fair, no-obligation cash offers tailored to each seller’s situation.
By eliminating the need for costly renovations, showings, and Realtor fees, Sota Home Buyers ensures a smooth and efficient process. Sellers typically receive an offer within 24 to 60 hours and have the option to close in as few as seven days.
Locations: Throughout Minnesota, including Duluth
Closing costs: Sellers pay no costs; Sota Home Buyers covers them.
Due to its consistent focus on customer satisfaction, Sota Home Buyers was recognized by the BBB in 2020 and has maintained an A+ rating. On Google, the company has an average rating of 4.5 stars.
Clients consistently describe working with this team as a seamless and trustworthy experience. They commend the group’s reliability, fairness, and ability to manage the entire process efficiently. Many note that every commitment was honored, leaving a strong impression of professionalism and integrity.
Website: sotahomebuyers.com
Phone number: 612-249-9300
Minnesota Home Guys
Minnesota Home Guys takes a personalized approach by meeting with each homeowner to understand their specific circumstances and property details. Within 24 hours, clients receive a clear, no-contingency cash offer backed by a guarantee to close, no hidden terms or surprises.
Once the offer is accepted, the company aligns the closing date with the seller’s preferred timeline. In many cases, closings can be completed in just seven days, ensuring a fast and seamless transaction.
Locations: Throughout Minnesota, including Duluth
Closing costs: Sellers pay no closing costs; Minnesota Home Guys covers them.
Dedicated to professionalism, Minnesota Home Guys has been BBB accredited since 2017 and has earned an A+ rating. Its Google Business Profile boasts a high average review score of 4.8 stars.
Clients consistently praise Minnesota Home Guys for their exceptional service and hands-on support throughout the sale process. The team is described as attentive, proactive, and willing to go the extra mile to ensure everything runs smoothly.
Website: homeguysmn.com
Phone number: 952-222-7138
Bigger Equity
BiggerEquity provides a streamlined solution for homeowners in Minnesota seeking a prompt and efficient sale. Recognizing that unforeseen challenges can arise, the company is committed to guiding clients through each step with professionalism and care.
With a focus on speed and transparency, BiggerEquity presents fair, no-obligation cash offers within 24 hours. Sellers retain full discretion to accept only if the terms align with their needs.
Locations: Throughout Minnesota, including Duluth (serving 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. Customers describe their experience with the company as highly positive, often highlighting the team’s professionalism and efficiency. They shared that the process was smooth and pleasant, with several expressing confidence in referring others for quick and reliable home purchases.
Website: biggerequity.com
Phone number: (866) 333-8377
Why sell your Duluth house for cash?
For homeowners in Duluth looking to sell quickly, partnering with a Cash-For-Homes company offers significant advantages, including a quick transaction, guaranteed sale with no contingency, and a simple, straightforward process.
In Duluth, selling a home on the open market using an agent typically takes around 56 days. That includes an average of 16 days on the market, from listing to signed contract, plus the typical 40 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 Duluth, 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 of the most common scenarios where opting for a cash sale might make sense for Duluth homeowners:
- Job relocation: If you’re moving for a new job and need to sell quickly, a cash sale can simplify the transition.
- Divorce settlement: Selling for cash can speed up the division of assets and help both parties move on faster.
- Unwanted inheritance: Dealing with inherited properties can be overwhelming. Selling to a house-buying company and securing cash instantly eliminates the burden and cost of maintaining the home.
- Downsizing transition: For those looking to downsize, getting an instant offer from a cash-for-homes company offers a quick way to transition to your next phase in life.
- Expensive repairs: If your home is in poor condition and requires significant repairs you can’t afford or manage, a cash sale avoids this hurdle.
- Open house stress: Some sellers prefer not to deal with the stress and invasion of privacy that comes with open houses.
- Foundation issues: Homes with foundation problems can be hard to sell traditionally, but cash buyers take homes as is, in their current condition.
- Foreclosure solution: To avoid the fallout of a foreclosure, selling for cash can provide a way out.
- Existing tenants: Selling a rental property with tenants can be complex, but cash sales can simplify the process.
- Remote home sale: A cash sale facilitated by a house-buying company can make selling from out of state quick and easy, eliminating the need for your physical presence.
Pros and cons of house-buying companies in Duluth
When considering selling your Duluth home to a house-buying company, the allure of speed and simplicity stands out. These companies offer to purchase your home as-is, eliminating the need for repairs or preparations, making them an attractive option for many.
Here’s an overview of the advantages of selling to house-buying companies:
Pros:
- Speedy sale: Companies can close on your home quickly, often within days, which is ideal for sellers needing to move fast.
- No need for repairs: Your home will be purchased as-is, avoiding the costs and hassle of making repairs or renovations before selling.
- Simple process: The selling process is straightforward, with minimal paperwork and no need for open houses or marketing efforts.
- Fewer contingencies: Sales rarely fall through due to financing or other common contingencies, making the transaction smoother.
Selling to a house-buying company in Duluth may not be for everyone, particularly because the offer you receive will likely be below market value.
Take note of these disadvantages associated with selling to a cash-for-homes company:
Cons:
- Below market value: Offers from these companies are often lower than what you might receive on the open market.
- Limited negotiation: The price offered is typically non-negotiable, giving sellers little room to maneuver.
- Scam risks: Not all house-buying companies are reputable. Sellers should be wary of scams and thoroughly research companies.
- Missed market advantage: In a seller’s market, you might miss out on higher offers that come from multiple potential buyers competing.
Vet cash buyers and know your home’s worth
When you decide to sell your Duluth home to a We Buy Houses for Cash company, remember that the level of integrity and service you receive can vary significantly. Your experience largely hinges on the character of the individual or group behind the offer.
It’s vital to ensure you’re dealing with a reputable buyer through these steps:
- Vet the company thoroughly: Before committing to a cash offer, take the time to look into their reviews, read testimonials from previous sellers, and research their market presence and track record in Duluth.
- Review the terms: Always read the buying agreement carefully before signing anything. This ensures you’re fully aware of the terms and protects your interests in the transaction.
- Consult a pro: An experienced local agent can give you a better idea of what your home might be worth if sold on the open market. With this, you can easily compare your cash offer. HomeLight can connect you with a top-performing agent in your market. You can also try our Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Duluth home quickly
If you want an alternative to a We Buy Houses company, you might consider partnering with iBuyers or a real estate agent.
Working with iBuyers: Instant buyers, or iBuyers, such as Opendoor and Offerpad, offer a modern, mostly online selling experience by using automated valuation models (AVMs) to make near-instant, all-cash offers.
This option is best for homes in good condition, and you can close in as little as a few days. However, be aware of iBuyer companies’ service fees of around 5% to 6%.
Listing with a top real estate agent: With a licensed, top-performing agent, you can sell fast and at a higher price, especially in a seller’s market. Agents leverage their expertise to price and market your home strategically, potentially leading to a quick sale.
They provide a valuable comparative market analysis (CMA), often free, to help set the right price. Moreover, agents might connect you with cash buyers ready to make a competitive offer. If you’re curious about this route, HomeLight can connect you with a top-performing agent.
FAQs on Duluth house-buying companies
By and large, most We Buy Houses for Cash companies in Duluth 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 fairly confident it’s legit.
That said, as with any financial transaction, it’s a good idea to be 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 BBB website. Watch for anything that just doesn’t seem right.
Most Duluth We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV) 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 look at an example offer equation. Let’s say your Duluth Victorian home could sell for $295,000 after repairs, but it will need $30,000 of work to get there.
($295,000 x .70) – $30,000 = $176,500
In this example, a Duluth We Buy Houses company might offer you around $176,500 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 they 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 Duluth 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, it’s always a good idea to ask the company if any hidden program fees might impact your bottom line.
1. Research and vet the house-buying companies that serve your Duluth area. Our list above is a good place to start.
2. Submit offer requests to a few 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 Duluth vs. top Duluth 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 Duluth | Sell with a top Realtor in Duluth |
| Selling timeline | 7 to 30 days | 56 days average; 16 to attract an offer, 40 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the home |
| Showings | None | 10 to 25 showings on 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 the 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% to 6% of the home’s sale price |
| Closing costs | None | 1% to 3% of the home’s sale price on top of the agent’s 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 Duluth is currently worth about $265,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $295,000.
| Sell to a We Buy Houses for Cash company in Duluth | Sell with a top Realtor in Duluth | |
| Estimated sale price | ($295,000 x .70) – $30,000 = $176,500 | $265,000 |
| Market preparations | 0 | $2,650 (1% of the sale price) |
| Agent commissions | 0 | $7,950 (3% of the sale price) |
| Closing costs | 0 | $3,975 (1.5% of the sale price) |
| Estimated take-home for seller | $176,500 | $250,425 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent.
However, net proceeds are not the only consideration when selling a home. What’s best for your situation will depend on the condition of your property, the level of repairs needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent’s timeline might not fit your immediate needs.
Key takeaways
- Speedy transaction: Selling to a house-buying company in Duluth involves a fast, straightforward process that does not require repairs or preparations.
- As-is convenience: These companies buy homes in any condition, providing an option for sellers unable to afford or manage renovations.
- Certain sale: Avoid the uncertainty of buyer financing falling through, a common hurdle in traditional sales.
- Market value trade-off: Be prepared that offers from house-buying companies may be below market value, reflecting the trade-off for convenience and speed.
- Home value: Know the property’s estimated market value before you proceed with a cash-offer company so you can avoid accepting a lowball offer and ensure you’re getting a fair deal.
At HomeLight, we’re happy to help you navigate 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-performing agent.
Header Image Source: (JamesDeMers/Pixabay)
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.