Got a fixer-upper in the Sunshine State? We Buy Houses companies in Florida provide all-cash offers for homes that often need some work, enabling sellers who lack the time, expertise, and money for repairs to move quickly and receive the cash proceeds from their home sooner if they need it.
Maybe you’re looking to move out of your Orlando home and retire to a gulf-front condo in Sarasota. Or perhaps you need to sell your mission-style Miami property so you can start your new job in Atlanta — but repairs have gotten away from you.
Whatever the case, you don’t have time or energy to give your tropical landscaping a fresh look or wait for snowbirds to secure their financing.
That’s where Florida We Buy Houses companies come in. To help you select a trustworthy option, we’ve put together a list of reputable house-buying operations that serve locations within the state for anyone interested in exploring this potential solution for selling their home.
Working with house-buying companies in Florida
We Buy Houses companies in Florida typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. They tend to target distressed properties in need of repairs, and work with sellers who need to move ASAP.
Here’s what you can expect from the process:
- You request an offer and provide the company some information about your home. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property.
- The company completes a walk-through of your property, usually within 24 to 48 hours.
- The company makes a firm offer (usually within 24 hours, sometimes on-site after the walk-through) which you can accept or decline. Most of these companies will not negotiate on price, so the offer is a take-it-or-leave-it scenario.
- If you accept the offer, you’ll both sign a contract and the closing process will begin. Some companies offer a large deposit or moving cost assistance, and a few may even pay for the home upfront.
- Closing and getting paid is quick, typically within 10 days to a few weeks. This can vary by company, and sellers who work with a house-buying company often enjoy flexibility in selecting a move-out date that works for them.
Many of the We Buy Houses companies in Florida follow some version of the above steps to help people sell their home quickly. However, details such as the amount a company is willing to offer for your home, how much of the process can be done online, and the time required to close may vary depending on who you work with.
Popular We Buy Houses for Cash Companies in Florida
If these benefits of selling to a house-buying company in Florida sound good to you, it’s time to find a legitimate operation you can trust. We’ve compiled some of the best home-buying companies in Florida that will enable you to quickly sell your home for cash.
FL Cash Home Buyers, LLC
Phone: (954) 519-7040
Locations: Throughout Florida
Formed in 2011, FL Cash Home Buyers, LLC has completed over 800 real estate transactions. The company says its closing process typically takes two to four weeks but that it can be flexible depending on the seller’s level of urgency and preferred timeline.
Along with providing full cash offers to purchase homes in “as is” condition, Florida Cash Home Buyers also offers another sale option which they refer to as “Novation.”
With this method, the company completes necessary repairs on the property and helps you find a third-party buyer. Due to the improved state of your home, the company says that you may receive 10%-15% more than you would with a regular cash offer.
Closing costs: You pay no closing costs; FL Cash Home Buyers covers them.
Reviews: FL Cash Home Buyers has 81 reviews on Google for an average rating of 4.7 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.
Phone number: (844) 488-8455
Locations: Across the U.S., including all of Florida
Simple Sale, a solution from HomeLight, is an online platform where sellers in Florida (and across the country) can request a cash offer for their home. Simple Sale has a network of cash buyers on its platform, and 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 Florida.
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Reviews: Simple Sale is a HomeLight platform, and HomeLight has 4.6 stars on Google based on 355 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.
Freedom Cash Home Buyers
Phone number: (855) 491-2352
Locations: Throughout Florida
Founded in 2017, Freedom Cash Home Buyers prides itself on having no hidden fees or closing deductions as well as an A+ rating from the Better Business Bureau.
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. If you accept the offer, you’ll complete a contract, and typically receive your cash 10 to 20 business days after signing.
Closing costs: Freedom Cash Home Buyers covers closing costs with exception of property taxes.
Reviews: Freedom Cash Home Buyers has 69 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 truthfully answer questions. Sellers also report a simple closing process, even if a home was in poor condition.
All About Real Estate
Phone number: (786) 847-7605
Locations: Throughout Florida
All About Real Estate has been in operation since 2014 and accredited with the Better Business Bureau since 2018. The company can close on homes in as little as seven days but is also happy to accommodate longer closings.
First, you’ll speak with a company representative over the phone and then walk the property with an employee. After the property walkthrough is completed, you’ll receive an offer and can set a closing date of your choosing.
Closing costs: You pay no closing costs; All About Real Estate covers them.
Reviews: Although All About Real Estate has only eight reviews on Google, they have a perfect rating. Past customers praise the team’s honesty, professional service, and communication. Reviews also speak of a fast and seamless closing process.
The Friendly Home Buyer
Phone number: (813) 538-1518
Locations: South Florida, Florida Panhandle, Miami, Panama City, Sarasota, and Tampa
If you want to work with them, you’ll talk with an employee in person or over the phone then receive an offer immediately or shortly after, depending on the situation. When it’s time to close, you can do so from your home, another state, an attorney’s office, or anywhere else you choose.
Closing costs: You pay no closing costs; The Friendly Home Buyer covers them.
Reviews: The Friendly Home Buyer has 21 5-star reviews on Google for a perfect rating. Reviewers rave about Jared’s professional and friendly service as well as his patience, honesty, and knowledge of real estate. Customers report that this service leads to a worry-free sales process.
We Buy Houses for Cash Companies in Miami
If you want to sell your Little Havana bungalow or mission-style home in Coconut Grove for cash, check out these home-buying companies.
Cornerstone Home Buyers
Phone number: (866) 519-3066
Locations: Throughout Florida, with a focus on the Miami area
After touring your home in person or virtually, the company will make you a cash offer with no fees or commissions attached. If you choose to accept the offer, Cornerstone Home Buyers will work with you to schedule a closing date that works for you.
Closing costs: Cornerstone Home Buyers covers closing costs.
Reviews: Cornerstone Home Buyers has nine 5-star Google reviews for a perfect rating. Many customers report that Ellie, Dee, and the rest of the Cornerstone team went above and beyond to create a smooth sales process, even in difficult situations. Customers report the team’s knowledge and sensitive nature led to a home sale they felt good about.
The Friendly Home Buyer
Phone number: (813) 538-1518
We’d be remiss not to mention this company again as an option for Miami sellers. With an A+ rating from the Better Business Bureau and glowing reviews, The Friendly Home Buyer is a solid choice if you’re looking to sell your Miami home for cash. They provide a variety of cash offer models that vary in timeline and sales price.
We Buy Houses for Cash Companies in Orlando
If you’re looking to quickly sell the home you inherited in Park Lake or avoid staging your condo in Lake Como, you might benefit from selling with one of these Orlando companies.
My Florida Home Buyers
Phone number: (352) 519 – 4512
Locations: Orlando and the surrounding area
My Florida Home Buyers has been in business since 2017 and has been accredited by the Better Business Bureau since 2018. The company purchases a variety of properties in Central Florida, including single-family homes, duplexes, and apartment complexes.
My Florida Home Buyers is typically able to make offers within 24 hours and can close in as little as seven days.
Closing costs: You pay no closing costs; My Florida Home Buyers covers them.
Reviews: With 17 5-star reviews on Google, My Florida Home Buyer has a perfect rating. Customers report that Matt and the rest of the team provided guidance and information in a no-pressure way, which allowed sellers to trust the company. Reviews also state that the company offered a fair price and closed quickly, even in complicated situations.
FL Cash Home Buyers, LLC
Phone number: (954) 519-7040
This company gets another shout out for Orlando sellers. With an A+ rating on Better Business Bureau and a 4.7/5 rating on Google, FL Cash Home Buyers is one of the top home for cash companies operating in Orlando. They collect zero fees and close on homes in an average of two to four weeks.
Why sell your Florida house for cash?
While selling your home for cash isn’t for everyone, it does provide the following benefits.
According to data from Florida Realtors®, in January 2022 the median “time to sale” for a Florida home — a measure of the length of the home selling process from the initial listing of a property to the closing of a sale — was 58 days, which includes a median 14 days to attract an offer.
In contrast, when you work with a We Buy Houses for Cash company in Florida, you can usually expect to receive an offer in as little as a day or two, and close in as few as seven days.
Lenders may not agree to provide financing for homes that fail to meet minimum property standards as evaluated by a home appraiser. That means a sunroom addition without a permit or a water damaged bathroom could trigger delays or cause a contract with a financed buyer to fall through.
In contrast, Florida cash-for-homes companies generally purchase homes as-is and are usually going to be a lot more willing to accept issues both large and small with your home. This creates a clearer path to settlement and can be a huge relief if you don’t have the funds or time for repairs.
When you choose to sell your Florida home with a real estate agent, you’re expected to hide messy piles of flip-flops before showings and trim your overgrown bougainvillea. Selling to a cash buyer allows you to skip many of these stressful tasks related to prepping and repeatedly showing the home.
Reduced closing fees
In an agent-assisted sale, you’ll likely pay an agent commission amounting to 5%-6% of the sale price and may be on the hook for additional concessions and closing costs. Selling to a cash buyer will likely eliminate at least some of these fees if not all of them. Many We Buy Houses companies in Florida and across the nation cover a seller’s closing costs in full as part of the deal.
Cons to working with We Buy Houses companies
When considering an offer from a We Buy Houses site, remember that these are house-buying companies, which means they’re ultimately trying to make a profit. They plan to fix up your home and either resell it or rent it out. That takes considerable time, skill, and investment.
Here are some potential downsides to weigh:
Most companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value (or the value that your house could sell for on the market once it’s all fixed up) minus repair costs. So the price you get for your home may be appreciably lower than what you’d get on the market.
Inconsistent market knowledge
Not all cash homebuying companies are equal. Some are more localized, have specific neighborhood knowledge, and are able to leverage that expertise into more competitive offers. Others are less knowledgeable about the specifics of your community, which could result in lowball bids.
Not all companies are trustworthy
Some companies make extremely low offers to desperate homeowners and try to pressure you into making a quick decision. A few bad players may even engage in fraud tactics, though it’s uncommon.
They may use pressure tactics
These companies know that homeowners looking to sell quickly are often desperate, and some do take advantage of that by using pressure tactics. You should never feel pressured to accept an offer, especially since there are plenty of We Buy Houses for Cash companies in Florida to choose from. If anyone makes you uncomfortable, it’s time to move on to another option.
Your home is more than a place where you make memories with family, it’s also likely your biggest asset. Sure, you want to sell quickly, but you could be leaving major money on the table if you choose to work with one of these We Buy Houses for Cash companies.
Always do your research, compare your options, and consult with a trusted advisor before accepting any offer.
Other options to sell your Florida home quickly
Within the cash-for-homes business you’ll also encounter a particular group of companies known as iBuyers, or instant buyers.
iBuyer companies offer sellers many of the same conveniences of other house-buying operations, but they also leverage algorithmic technology, otherwise known as automated valuation models (or AVMs), to make you a near instant offer on your home and provide a user-friendly, mostly online home sale experience.
iBuyers have only been around since the mid-2010s, but are now available in many Florida cities including Orlando, Tampa, and Miami.
iBuyers offer all-cash and can close in a matter of days to a few weeks. But unlike more traditional We Buy Houses for Cash companies, iBuyers tend to look for homes in better condition and offer much closer to market value, typically in the 90% range — and sometimes more, particularly in a hot real estate market.
Sellers who may be a good fit to work with an iBuyer in Florida include those who prefer to skip staging and showing their home, who live in an area with somewhat similar housing, and who have a home in relatively good shape.
Listing with an agent
We know, we know. You want to sell your house quickly, not in 58 days. But hear us out! With Florida housing markets heating up in favor of sellers, many listings are flying off the market in a matter of days, especially those that are priced strategically.
Going with an agent could pay off big time. Selling on the market generally fetches the highest home price, and that’s especially true if you work with a skilled professional. Our internal transaction data at HomeLight shows that the top 5% of real estate agents sell homes for up to 10% more than average agents.
This is a big financial decision, so it may make sense to consult with a trusted real estate agent who can complete a comparative market analysis (CMA) to help you understand your home’s value and how quickly it’s likely to sell.
Your agent may even be able to connect you with cash buyers who are willing to offer closer to market value for your home.
Plus, a CMA is usually free and you’re under no obligation to list with the agent, so this may be a good tool to explore your options. Even if you end up deciding to work with a Cash-For-Homes company, at least you’ll know you’re making a sound financial decision.
Overwhelmed by finding an agent? HomeLight would be happy to connect you with a top performer in your area today.
FAQs on Florida house-buying companies
Are We Buy Houses companies in Florida legit or scams?
Most We Buy Houses for Cash companies are legit, and you can rest assured that this business model has been around for decades.
However, it’s always a good idea to keep an eye out for scams, or anything that just doesn’t seem right. Always thoroughly research companies ahead of time. Verify all professional licenses, check customer reviews, get a referral if possible, and vet the company on the Better Business Bureau website.
How much will We Buy Houses companies in Florida pay?
Most Cash-For-Homes companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value, minus repair costs.
Here’s what that simple formula looks like:
(Your home’s ARV x .70) – repair costs
Now let’s take a look at a practical example. Let’s say your Fort Lauderdale ranch home could sell for $350,000 after repairs, but it’s going to need $80,000 of work to get there.
($350,000 x .70) – $80,000 = $165,000
In this example, a Florida cash-for-homes company will probably offer you around $165,000 for your property.
However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more like 90%-95% of market value while charging a fee for their services.
How much does selling a home to a We Buy Houses company in Florida cost?
Selling a home to a We Buy Houses for Cash company shouldn’t cost you any money, though you’ll likely get less overall for your home.
Since these companies are geared toward distressed homes, they tend to have zero fees, and will even cover your closing costs. That means the offer you get is the price you should walk away with. Make sure to ask about any hidden program fees that could eat into your bottom line.
How do you sell a house for cash in Florida?
- Research and vet house buying companies available in your area. The above list is a great place to start.
- Submit offer requests to your top few companies.
- Schedule any on-site visits.
- Field and compare offers. Choose the best option for you.
- Close in a week to 30 days and get paid (or you can often choose a later closing date, up to 90 days after offer).
We Buy Houses for Cash in Florida vs. Top Florida Realtor®
Wondering how a We Buy Houses for Cash company stacks up against working with a real estate agent? We’ve got you covered.
|Aspect of the sale||Sell to a We Buy Houses company in Florida||Sell with a top Realtor® in Florida|
|Sale timeline||7 to 30 days||58 days|
|Home preparations||None||Make necessary repairs, deep clean, declutter, landscape, stage home|
|Showings||None required, although some companies will complete a walk through||10 to 25 showings average|
|Inspections / repairs||None required prior to closing, though iBuyers may deduct a repair credit at closing||May need to make repairs for the buyer or renegotiate price|
|Appraisal||A traditional appraisal is not required, but many companies will use their own analytics to come to a fair price||May need to lower the price if 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 loan doesn’t clear|
|Agent commission||None||5.8% average|
|Closing costs||None||1% to 3% of sale price on top of commission|
Example Net Proceeds
Let’s say you want to sell your home in Orlando, which is currently worth around $320,000 and needs about $15,000 in repairs. Once repairs are made, the home should be worth about the median home sale price for the area of $335,000.
Here’s what you can expect to earn working with a We Buy Houses company and a top Florida real estate agent.
|Sell to a We Buy Houses company in Florida||Sell with a top Realtor® in Florida|
|Estimated sale price||($335,000 x .70) – $15,000 = $219,500||$320,000|
|Market preparations||0||$3,200 (1% of sale price)|
|Agent commissions||0||$18,560 (5.8% of sale price)|
|Closing costs||0||$4,800 (1.5% of sale price)|
|Estimated take-home for seller||$219,500||$293,440|
- We Buy Houses for Cash companies in Florida can offer you a way to sell your home in as few as seven days with no repairs, showings, or hassles.
- There are many reputable cash homebuying companies across Florida, and most sellers going this route can find a company that suits their needs.
- You could leave significant money on the table using a Cash-For-Homes company versus going with a top agent or iBuyer.
- HomeLight’s Simple Sale platform provides all-cash offers for homes in almost any condition in Florida. Because the platform has partner investors with different buying parameters across the state, it can be a great starting point if you aren’t sure who would buy your home.
House buying companies can be a good alternative for Florida sellers in need of a quick exit from homeownership, but they’re not without drawbacks. However you choose to sell your home, it’s important to avoid making a hasty decision.
For best results, take the time to weigh your options, gather offers from multiple companies, and consider consulting with a top agent to see how easily your property could sell on the market. Whatever you decide, HomeLight would be happy to help with your real estate needs!
Header Image Source: (Antonio Cuellar / Unsplash)