5 Top We Buy Houses for Cash Companies in Franklin
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Richard Haddad Managing EditorClose
Richard Haddad Managing EditorRichard Haddad is the managing editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
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.
Facing an unexpected turn in life and need to sell your Franklin home quickly? We Buy Houses companies in Franklin might be your beacon in the storm. These businesses make all-cash offers, especially for homes that are rough around the edges or in need of a fast sale. A cash offer allows sellers like you who might not have the time, expertise, or funds for repairs to swiftly seal the deal and move on.
A cash sale can be a lifeline when facing urgent situations, allowing you to bypass the traditional, often lengthy, house sale process. These companies often wrap up a property sale in as few as seven days. But is it the right option for your specific needs?
In this post, we provide an overview of cash-for-homes companies in Franklin, laying out the pros and cons to assist you in choosing the best route for your home sale journey.
Sell Your House Fast in Franklin With a Cash Offer
Get an all-cash, no-obligation offer on your Franklin home 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 Franklin, Tennessee.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Franklin area “we buy houses” companies should not be considered an endorsement.
Working with house-buying companies in Franklin
For Franklin homeowners seeking a quick, convenient sale with a house-buying company, here’s a step-by-step guide showing the general process you can expect:
- Research local companies: Start by seeking out reputable We Buy Houses companies in Franklin. Online reviews, testimonials, and local references can offer insights.
- Contact and describe your home: Reach out to your chosen company. Provide them with details about your home’s location, size, condition, and any other pertinent information.
- Schedule a home assessment: The company will typically send a representative to assess the value of your property, considering factors such as condition, market value, and necessary repairs.
- Receive a no-obligation offer: Post-assessment, you’ll be presented with an all-cash offer. Remember, you’re under no obligation to accept.
- Review the terms: If you’re inclined to proceed, carefully review all the provided terms, conditions, and the offer price.
- Finalize the deal: Once you’ve agreed to the terms, you’ll sign the necessary paperwork and close the sale. Cash-for-home companies often handle the paperwork, simplifying the process for you.
- Collect your cash: After the sale concludes, you’ll receive your cash, allowing you to swiftly move on with your plans.
Popular We Buy Houses for Cash companies in Franklin
If these benefits of selling to a house-buying company in Franklin sound 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’ Cumberland House or One-Story Piano Box House. By selling to one of these companies, you should be able to sell your Franklin home in as little as a week or two.
TN HomeBuyers
TN HomeBuyers, established in 2002 by co-founders Tommy Owen and Dan Lain, is a premier house-buying company in Tennessee. With roots tracing back to 1973, the company provides an easy solution for homeowners looking to sell their property quickly. They directly buy houses from sellers, offering cash offers and flexible closing dates. TN HomeBuyers has served thousands of customers in Middle Tennessee and purchased over a thousand homes. The company specializes in buying various types of residential real estate, including single-family houses, condos, townhouses, and multifamily houses.
Locations: All over middle Tennessee, including Franklin.
Closing costs: Sellers pay no closing costs; TN HomeBuyers structure an offer so there are no out-of-pocket expenses.
TN HomeBuyers has been BBB accredited since 2004 and holds an A+ rating. On Google, clients rate TN HomeBuyers with great reviews and an average of 4.5 stars. The team receives commendation for their professionalism. The process is described as worry-free and seamless transactions that accommodate individual needs. Representatives from TN HomeBuyers stand out for their easy communication, organization, and honesty.
Website: 299cash.com
Phone number: 615-299-5525
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Franklin (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 Franklin.
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 Franklin, Tennessee.
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 4.6 stars on Google based on more than 500 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
My Tennessee Home Solution LLC
My Tennessee Home Solution LLC is a team of army veterans offering home solutions to Franklin area sellers. Established in 2020, their staff prioritizes customer service, communicating consistently throughout the process. They emphasize trust and professionalism. Specializing in as-is property purchases, they aim to simplify selling homes, avoiding renovations and buyer searches. My Tennessee Home Solution provides cash offers, potentially closing deals within 14 days.
Locations: The greater Nashville area and Middle Tennessee region, including Franklin.
Closing costs: Sellers pay no closing costs; My Tennessee Home Solution LLC covers them.
My Tennessee Home Solution is a BBB-accredited company with an A rating. Reviews on Google commend My Tennessee Home Solution staff for their professionalism, honesty, and responsiveness. Reviews highlight the team’s integrity and adherence to their promises, with no last-minute changes or deceptive tactics. Their assistance extends beyond the sale, with a pet-friendly hotel arrangement and consistent check-ins. They hold a 5.0-star rating from more than 100 reviews.
Website: mytennesseehomesolution.com
Phone number: 615-933-5431
Integrity House Buyers
Integrity House Buyers, based in Clarksville, offers an alternative to traditional property-selling methods. They cater to homeowners seeking solutions for various situations, including foreclosure or burdensome properties. As a family-owned real estate solutions company, they specialize in helping those who can’t or don’t want to go through traditional routes. They buy houses directly, paying cash and closing quickly without fees or commissions. Regardless of the property’s condition or location, Integrity House Buyers purchases homes as-is.
Locations: All throughout Middle Tennessee, including Franklin.
Closing costs: Sellers pay no closing costs; Integrity House Buyers covers them.
Integrity House Buyers has been BBB accredited since 2022 and holds an A+ rating. On Google, they hold a 4.9-star rating and garner praise for their exceptional service. Notable experiences include upfront communication, genuine support, and going above and beyond to assist families. Clients recommend them for their strong moral values, veteran ownership, and dedication to ensuring a positive home-selling experience.
Website: buyerswithintegrity.com
Phone number: 931-213-6951
Entrust Homebuyers
Entrust Homebuyers, founded in Nashville in 2016 by Ben DuBose, is a family-owned business dedicated to helping homeowners navigate challenging real estate situations. Specializing in assisting those facing financial struggles, foreclosure, probate, tax liens, and more, they also cater to investors and house flippers looking for efficient solutions. Their purpose revolves around inspiring belief, strategic investment, and empowered living.
Locations: Nashville and all surrounding areas, including Franklin.
Closing costs: Sellers pay no closing costs; Entrust Homebuyers covers them.
Entrust Homebuyers has been BBB accredited since 2021 and holds an A+ rating. Reviews on Google commend their flexibility, making challenging situations like probate sales manageable. Staff is highlighted for their transparent and pressure-free approach, providing comprehensive market analysis and offers promptly. The team’s trustworthiness, responsibility, and professionalism contribute to their excellent reputation and enjoyable experiences for clients seeking a hassle-free home selling process
Website: entrusthomebuyers.com
Phone number: 615-338-5578
Why sell your Franklin house for cash?
There are plenty of valid reasons a Franklin home seller may choose to work with a Cash-For-Homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Franklin, it typically takes around 77 days to sell a home on the market using an agent. That includes an average of 34 days on the market, plus the typical 43 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 Franklin, 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.
Navigating the intricate world of home sales in Franklin can be a challenge, especially when faced with circumstances that demand a swift and straightforward transaction. As the city’s real estate landscape evolves, more Franklin homeowners are turning to cash-for-home deals to bypass the traditional, often elongated, home sale process. So, why might you consider a cash sale for your Franklin home?
- Pressing repairs: Your home has significant issues endemic to the Franklin area, like flood or storm damages, and you don’t have the time to make repairs before you move.
- Urgent life changes: A divorce, pressing medical situation, financial difficulties, job transfers, or other life shifts necessitate a rapid move or cash influx.
- Lack of repair funds: You don’t possess the financial means or the inclination to invest in home fixes.
- Avoiding traditional sale hassles: The idea of home prep, showings, negotiation, and the drawn-out sale process feels overwhelming.
- Seeking discretion: You want to sell your property discreetly, without public listings, opting for a silent cash buyer instead.
- Foreclosure looming: You’re on the verge of foreclosure and aim to sell your home, clearing debts before the situation exacerbates or tarnishes your credit history.
- Inherited property burdens: An inherited property becomes more of a burden than a boon, and you’re looking for a hassle-free sale.
- Landlord fatigue: Managing a rental property grows tedious, or you’re dealing with a problematic tenant and wish to cut ties.
- Aging and lifestyle shifts: Aging leads to moving in with a family member or transitioning to a care facility, pushing for a convenient property sale.
- Geographical constraints: Living outside Franklin and hoping to leverage the ease of a prompt cash transaction.
Confronted with such scenarios, We Buy Houses companies in Franklin can be a viable option. Yet, to truly discern if it’s the right step for you, there are still a few factors to weigh. Up next, we’ll unpack the pros and cons to aid in your decision-making process.
Pros and cons of house-buying companies in Franklin
Understanding the pros and cons of house-buying companies can help you make an informed decision.
Pros
The allure of selling to a house-buying company in Franklin often hinges on the speed of the transaction and the fact they’ll purchase your property in any condition.
Here’s a quick overview of the notable benefits:
- Immediate offers: Most companies provide offers within days, or sooner, speeding up the sales process immensely.
- No repairs needed: Sell your home in its current state, skipping costly and time-consuming repairs or upgrades.
- Eliminate sale contingencies: There’s no need to worry about financing fall-throughs or other potential sale hitches.
- Avoid Realtor fees: Bypass the traditional commission costs associated with hiring a real estate agent.
Cons
While the quick cash and simple process are tempting, there’s a trade-off. The most glaring downside is the likelihood that you will receive less than your home’s true market value.
Here’s a rundown of the key drawbacks:
- Below-market offers: Expect offers significantly below your home’s potential market value, especially when compared to a strategic listing with an experienced Realtor.
- Less negotiation power: With a set business model, these companies don’t allow wiggle room for price negotiations, typically providing a take-it-or-leave-it offer.
- Potential for pressure tactics or scams: Not all companies have business integrity. Some might be looking to exploit homeowners in tough situations. Others may not even be legitimate.
- Loss of home showcase: Bypassing the traditional listing means losing the chance to showcase your home’s unique qualities and possibly fetch a higher price.
As you ponder the path best suited for your Franklin home sale, it’s imperative to vet your potential buyers thoroughly and have a realistic understanding of your property’s worth.
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 it comes to We Buy Houses for Cash companies, the integrity and service levels you encounter are often a reflection of the character and professionalism of the individual or group making the offer.
Before taking the leap with a cash offer, vet the company with diligence. Research online reviews, read client testimonials, and assess its standing and track record in the Franklin market. Furthermore, read your buying agreement carefully. Your understanding of the contract’s terms can ensure you’re making a well-informed choice
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 home quickly
iBuyers
iBuyers, like Opendoor and Offerpad, use automated valuation models (AVMs) to give fast home value estimates. This results in a speedy, mostly online sale process. These companies offer quick cash deals, often closer to market value, for homes in good condition. However, their service fees typically range from 5%-6%, best suiting homeowners with standard housing in good shape.
Listing with an Agent
Considering a real estate agent might seem out of place in this context, but it’s worth examining all avenues. In favorable housing markets, a top agent can expedite sales with the right pricing and marketing strategies.
HomeLight data shows that top agents achieve prices up to 10% higher than average agents. They also provide a comparative market analysis (CMA), helping determine the best listing price and potential sale speed. A CMA from agents — which are often free — can be instrumental in evaluating choices, ensuring you make an informed decision.
Some agents might also have connections with existing cash buyers in the Franklin area and can find you a cash offer near market value.
Want to explore this route? HomeLight can link you to leading real estate agents in your vicinity.
FAQs on Franklin house-buying companies
By and large, most We Buy Houses for Cash companies that serve Franklin 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 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 Franklin Tudor Revival home could sell for $850,000 after repairs, but it’s going to need $40,000 of work to get there.
($850,000 x .70) – $40,000 = $555,000
In this example, a Franklin We Buy Houses company might offer you around $555,000 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 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 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 Franklin vs. top Franklin 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 Franklin | Sell with a top Realtor in Franklin |
| Selling timeline | 7 to 30 days | 77 days average; 34 to attract an offer, 43 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 Franklin is currently worth about $843,000 and needs about $45,000 in repairs. Once the repairs are completed, the home might be worth around $888,000.
| Sell to a We Buy Houses for Cash company in Franklin | Sell with a top Realtor in Franklin | |
| Estimated sale price | ($888,000 x .70) – $45,000 = $576,600 | $843,000 |
| Market preparations | 0 | $8,430 (1% of sale price) |
| Agent commissions | 0 | $48,894 (5.8% of sale price) |
| Closing costs | 0 | $12,645 (1.5%) |
| Estimated take-home for seller | $576,600 | $773,031 |
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
- We Buy Houses for Cash companies in Franklin offer the opportunity to sell your property swiftly — sometimes in just a week — with no required repairs, open houses, or viewings.
- Several trustworthy Cash-For-Homes businesses operate in the Franklin area, ensuring you have options.
- Opting for a We Buy Houses firm will result in accepting a lesser amount than what might be achieved through an agent-assisted or iBuyer transaction.
- HomeLight’s Simple Sale platform presents no-obligation, cash offers for Franklin homes in almost any condition. Its diverse and trusted investor partnerships across the region make it an ideal starting point for homeowners uncertain about potential buyers.
While house-buying companies present a viable option for those in Franklin seeking a prompt sale, it’s vital to weigh the pros and cons. In the realm of property sales, impulsive decisions can often be regrettable.
Before sealing the deal with a Cash-For-Homes firm, it’s prudent to gather multiple bids and assess your choices. Think about seeking advice from a leading Franklin real estate agent; they can provide valuable insights on potential sale timelines and expected price points.
Whatever path you choose, remember that HomeLight is here to support your real estate endeavors!
Header Image Source: (Josh Withers / Unsplash)