5 Top We Buy Houses for Cash Companies in Farmington
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Jedda Fernandez Associate EditorClose
Jedda Fernandez Associate EditorJedda Fernandez is an associate editor for HomeLight's Resource Centers with more than five years of editorial experience in the real estate industry.
Thinking of selling your house in Farmington, Connecticut? The traditional method of selling on the open market isn’t your only option. “We Buy Houses” companies offer all-cash deals to sellers in a variety of situations, from adult children who inherited an estate to homeowners facing foreclosure. If you’re short on time, expertise, or funds to fix up your home, a cash offer can provide a fast and hassle-free way to move forward.
This approach isn’t without its considerations, however. In this article, we’ll weigh the pros and cons of selling your house to a cash buyer, and discuss some of the most reputable “We Buy Houses” companies serving Hartford County.
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Working with house-buying companies in Farmington
Selling to a “We Buy Houses” company in Farmington provides a smooth and efficient way to offload your property quickly.
Here’s how the process generally works:
- Research companies: Start by looking into reputable “We Buy Houses” companies that operate in the Farmington area. Focus on their track record, reviews, and how they structure their deals.
- Submit your property details: Reach out to a chosen company with information about your home. This usually involves filling out a form on their website or making a phone call.
- Schedule a walk-through: The home-buying company will set up a walkthrough of your home to evaluate its condition and market value. This typically takes place within 24–48 hours of your initial outreach.
- Receive an offer: After viewing your property, the company will present you with an all-cash offer, often within a few hours or days.
- Review the offer: Take your time to consider the offer. Remember, these companies usually present a no-obligation offer, so you’re free to accept or decline without penalties.
- Accept the offer: If the offer aligns with your selling goals, you can proceed by accepting it. This will kick off the formal sales process.
- Close the sale: Closing is often quick with cash buyers, sometimes occurring in as little as a week. At the closing, you’ll sign the necessary paperwork and receive your payment, completing the process.
Popular We Buy Houses for Cash companies in Farmington
If selling to a house-buying company appeals to you, the next step is finding a legitimate operation you can trust.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ Colonial home or split-level. By selling to one of these companies, you should be able to close the transaction in about a week or two.
Valley Residential Group
Valley Residential has been around buying homes in Central Connecticut since 2007. It showcases its local roots and expertise in dealing with residential properties from the beginning to the end of sale transactions. With Valley Residential, clients receive an offer within 24 hours and can close in as few as five days.
While Valley Residential specializes in single-family homes, it also purchases multi-family dwellings. It facilitates a quick and efficient transaction while maintaining confidentiality for Nutmeggers who prioritize their privacy.
Locations: Central Connecticut, including Farmington
Closing costs: Sellers pay no closing costs; Valley Residential Group covers them.
Valley Residential Group has been BBB-accredited since 2012 and has an A+ rating. The customer reviews give the company a rating of 4.56 out of 5.0 stars. The firm has a 4.8-star rating on Google, with positive reviews from customers mentioning the team’s friendliness and professionalism. Clients expressed relief at how easy the process was and praised the integrity of the company and its employees.
Website: valleyresidentialgroup.com
Phone: 860-589-4663
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Farmington (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 Farmington.
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 Farmington
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
Sell Your Home CT
Sell Your Home CT has been in the homebuying business for years, primarily serving Hartford County and the surrounding communities. As part of its business model, it purchases homes in distress and offers advice and services on stopping foreclosure. Providing meaningful guidance on foreclosures and a personal touch on services is the company’s central aim, which sets it apart from other firms.
Locations: Hartford County and the surrounding area
Closing costs: Sellers pay no closing costs; Sell Your Home CT covers them.
Sell Your Home CT has been BBB-accredited since 2016 and carries an A+ rating. Customer reviews highlight how professional the team was during transactions. The company has a 5.0-star Google rating, and the majority of client feedback mentioned satisfaction with the timeliness of the process and agents’ friendliness.
Website: sellyourhomect.com
Phone: 860-255-8617
Freedom House Buyer
Freedom House Buyer has over 16 years of experience in the industry and will buy any property, in any condition and price range. Homeowners can receive an offer within hours and close in as little as seven days. To date, they’ve purchased over 1,300 properties.
Locations: Farmington and all over Connecticut
Closing costs: Sellers pay no closing costs; Freedom House Buyer covers them.
Freedom House Buyer has been BBB-accredited since 2024 and holds an A+ rating. They also have a Google review rating of 4.6. Reviews are mostly positive, but some complain of unsolicited texts and phone calls. Customers who have had a good experience with the company praise its employees’ professionalism, promptness, and fair offers.
Website: freedomhousebuyer.com
Phone number: 860-876-7653
CharterOak Homebuyers
CharterOak Homebuyers, a family-owned business, facilitates a “fast, easy, stress-free” home-selling process. It follows a simple four-step procedure, starting with homeowners requesting an offer online or via phone call and wrapping up with closing on a schedule aligned with the seller’s timeline. The company promises to offer “quick, fair, and flexible options” for clients looking to sell fast, whether it be due to job loss or relocation, retirement, or tenant issues.
Location: All over Connecticut, including Farmington
Closing costs: Sellers pay no closing costs; CharterOak Homebuyers covers them.
Online reviews for CharterOak Homebuyers are generally positive. Given the favorable testimonials from past clients, it received a 5.0-star Google rating. Customers noted the professionalism, transparency, and great work ethic of the company. Moreover, they praised the founder’s in-depth knowledge of the current housing market.
Website: charteroakhomebuyers.com
Phone: 203-912-7284
Why sell your Farmington house for cash?
Selling your Farmington home on the open market isn’t your only option. Cash buyers offer a faster, simpler solution, especially if you’re in a time crunch or your home needs repairs you can’t tackle. Here are some common scenarios where selling to a “We Buy Houses” company might be a viable solution:
- Job relocation: When you’re moving for a new job opportunity, selling your home quickly becomes a priority. A cash sale can expedite this transition.
- Divorce: Splitting assets can be complex, but selling your home for cash can simplify the process during a divorce.
- Inherited property: Managing or selling an inherited house can be overwhelming, especially if it’s in another state. A cash sale is straightforward.
- Downsizing: For those looking to move into a smaller home or a retirement community, a quick cash sale can facilitate a smoother downsizing process.
- Major repairs needed: If you’re selling a house in poor condition and can’t afford or manage the fixes, a cash buyer is an ideal option.
- Avoiding open houses: If the idea of open houses and constant showings is unappealing, selling for cash offers privacy and convenience.
- Foundation issues: Homes with serious foundation problems are hard to sell, but cash buyers often take on such challenges.
- Facing foreclosure: Selling for cash can provide a way out for homeowners facing foreclosure, allowing them to settle debts quickly.
- Problematic tenants: If you’re a landlord dealing with difficult tenants, selling the property for cash can offer relief.
- Selling from out of state: For those selling from out of state, a cash sale eliminates the need for frequent travel and simplifies the selling process.
If you find yourself in any of these situations, considering a cash offer from a house-buying company in Farmington could be a wise choice. However, it’s important to view this as just one option among many.
Pros and cons of house-buying companies in Farmington
“We Buy Houses” companies offer a quick sale, eliminating the need for repairs or showings. However, this convenience comes at the cost of a potentially lower selling price. Let’s break down the pros and cons:
Pros
- Speed of sale: The top benefit is the quick selling process, often closing in just days or weeks, which is ideal for sellers needing to move quickly.
- No repairs needed: Your house will be purchased as-is, eliminating the need for any repairs or renovations before selling.
- Simple process: The sale involves fewer steps and contingencies, making for a smoother, more straightforward transaction.
- Avoiding complications: Selling for cash means not worrying about buyer financing falling through, a common hurdle in traditional sales.
Cons
- Below market value: Offers from cash buyers are typically less than what you might receive on the open market, impacting your profit.
- Limited negotiation: The price offered is usually non-negotiable, leaving little room for sellers to counter.
- Potential for scams: While many companies are reputable, the risk of falling victim to scams exists, so it’s important to do your due diligence.
- Missed market premium: You might miss out on potential bidding wars or higher offers that could come from listing your property on the open market.
Understanding these pros and cons is crucial as you consider selling your home to a cash buyer.
Curious What Your Home Is Worth?
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Vet cash buyers and know your home’s worth
Selling your Farmington home for cash can be tempting, but remember, it’s not a one-size-fits-all solution. Different companies offer varying levels of service and expertise. That’s why it’s important to do your research — read reviews, talk to past clients, and understand who you’re dealing with. A reputable cash buyer can offer a smooth transaction, but don’t skip due diligence. Take your time, ask questions, and read the fine print before making a decision.
HomeLight suggests you consult with an experienced local agent to get a better idea of what your Farmington 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 Farmington home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to offer a fast, mostly online selling experience. They provide all-cash offers close to market value for homes in good condition, with a process from offer to closing that’s quick, taking anywhere from a few days to two weeks. However, they typically charge service fees of 5%–6%. Companies like Opendoor and Offerpad are notable players in this space.
Listing with an agent
While selling through a real estate agent might not seem like the quickest route, in the right market conditions, it can lead to a speedy sale. Agents help their clients get the best selling price, especially when the property is well-marketed. A key advantage is receiving a comparative market analysis (CMA), which is often provided for free and helps set a competitive listing price. Additionally, agents may match sellers with cash buyers, potentially offering a price close to market value. For those considering this route, HomeLight can connect you with top-performing agents in the Farmington area.
FAQs on Farmington house-buying companies
By and large, most We Buy Houses for Cash companies in Farmington 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 Farmington 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 Farmington Colonial could sell for $450,000 after repairs, but it’s going to need $30,000 of work to get there.
($450,000 x .70) – $30,000 = $285,000
In this example, a Farmington “We Buy Houses” company might offer you around $285,000 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 85%-95% of market value while charging a fee for their services.
When you accept an offer from a Farmington 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 Hartford County. 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 Farmington vs. top Farmington 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 examine 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 Farmington | Sell with a top Realtor in Farmington |
| Selling timeline | 7 to 30 days | 62 days average; 21 to attract an offer, 41 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 | 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 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 Farmington is currently worth about $420,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $450,000.
| Sell to a We Buy Houses for Cash company in Farmington | Sell with a top Realtor in Farmington | |
| Estimated sale price | ($450,000 x .70) – $30,000 = $285,000 | $420,000 |
| Market preparations | 0 | $4,200 (1% of sale price) |
| Agent commissions | 0 | $12,600 (3%* of sale price) |
| Closing costs | 0 | $6,300 (1.5%) |
| Estimated take-home for seller | $285,000 | $396,900 |
As shown in this example, financially, it’s usually in your best interest to work with a seasoned real estate agent.
However, net proceeds aren’t the only factor to consider when selling a home. The best approach for you depends on the condition of your property, the extent of necessary repairs, and your specific selling goals. It could be that selling on the open market will be a challenge in your neighborhood, or the agent timeline might not align with your immediate needs.
Key takeaways
- “We Buy Houses for Cash” companies close quickly, often in 3–7 days, eliminating the need for repairs, showings, and open houses.
- Not all cash buyers are created equal. Verify their reputation, read reviews, and know your home’s value before you sign on the dotted line.
- Home-buying companies typically pay less than market value for houses versus using a top real estate agent or an iBuyer.
- HomeLight’s Simple Sale platform provides no-obligation, all-cash offers for homes in almost any condition in Farmington. Because the platform has partner investors with different buying parameters across the region, it can be a great starting point if you aren’t sure who would buy your home.
Selling to a “We Buy Houses” company can be a practical solution for Farmington homeowners who need to move quickly, but it’s important to weigh the pros and cons of this arrangement. Rushing the decision-making process when selling your home is never a good idea.
Before committing to a “We Buy Houses” company, you should gather several offers and carefully assess your choices. Seeking advice from a top-performing Farmington real estate agent can offer valuable insights into the timing and potential sale price of your property in the open market.
Whether you choose a cash buyer, a seasoned agent, or explore other options, HomeLight is here to guide you through your Farmington real estate journey.
Editor’s note: This post is for educational purposes only, not legal or financial advice. Links and mentions of Farmington area “We Buy Houses” companies should not be considered endorsements.
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