5 Top We Buy Houses for Cash Companies in Hollywood, FL
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Joseph Gordon Associate EditorClose
Joseph Gordon Associate EditorJoseph Gordon is an Associate Editor with HomeLight. He has seven years of experience reporting on the commercial real estate and insurance industries. He holds an MFA in Creative Writing from the University of San Francisco.
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.
In the booming city of Hollywood, Florida, “We Buy Houses” companies are on the rise. These companies make all-cash offers, providing a lifeline to homeowners whose properties might need some work.
For those in Hollywood facing unexpected circumstances or the simple lack of time, expertise, or resources for renovations, a quick cash sale could be the key to swiftly moving on to the next chapter in your life.
But, is selling to a Cash-For-Homes company the right move for you? The answer lies in understanding the ins and outs, the benefits and potential pitfalls of this selling route.
We will look at the overall process, as well as the pros and cons of using house-buying companies in Hollywood, FL.
Sell Your House Fast in Hollywood, Florida 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 Hollywood, Florida.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Hollywood, FL area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Hollywood, FL
Selling your Hollywood home to a house-buying company might seem daunting. This is the process you can expect when using a We Buy Houses company:
- Research companies: Conduct a thorough investigation of potential house-buying companies in Hollywood. Look for reviews, testimonials, and any red flags.
- Reach out for an offer: Once you’ve identified a reputable company, contact them to get an all-cash offer. They will require some basic information about your home.
- Schedule a home inspection: The company will typically want a quick assessment. This isn’t a traditional home inspection; it’s more to gauge the home’s condition and value.
- Review the offer: After the inspection, you’ll receive a formal cash offer. These offers are typically take-it-or-leave-it, so be sure it meets your expectations.
- Accept and sign: If the offer meets your needs, the next step is to accept and sign the necessary paperwork.
- Close and receive cash: The closing process with these companies is often expedited. Once everything is finalized, you’ll get your cash.
Popular We Buy Houses for Cash companies in Hollywood, FL
We’ve compiled a list of the top companies that will pay cash for your Craftsman bungalow or your parents’ Spanish mission revival. By selling to one of these companies, you should be able to sell your Hollywood, FL home in as little as a week or two.
Sophie Buys Houses
Sophia Grigio, Founder of Sophie Buys Houses, leads a real estate solutions company under Atlantic Coast Deeds LLC, Hallandale. Specializing in aiding homeowners facing diverse challenges like foreclosure or selling difficulties, Sophia’s offers rapid, all-cash offers within 24 hours and quick closures, often within a week. Based in Hollywood, FL, Sophia is committed to providing effective solutions for homeowners.
Locations: Nationwide, including Hollywood, FL
Closing costs: Sellers pay no closing costs; Sophie Buys Houses covers them.
Sophie Buys Houses holds an impressive 5.0 Google rating. A recent customer who inherited a remote property from their uncle sought a quick sale and found the perfect solution with this cash buyer company. This family-owned company holds an A+ BBB rating.
Website: sophiebuyshouses.com
Phone number: 954-613-0999
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Hollywood, FL (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 Hollywood, FL.
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 Hollywood, 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
Florida Homeowner Solutions
Ryan Kuhlman, the founder of Florida Homeowner Solutions, has earned recognition from the Mayors of Broward and Miami-Dade Counties for aiding homeowners facing foreclosure. The company supports homeowners dealing with property-related challenges. They work to help homeowners retain their homes, provide their lender permits, or facilitate the sale or purchase of properties when needed.
Locations: Serves locations throughout Florida
Closing costs: Sellers pay no closing costs; Florida Homeowner Solutions covers them.
Since 2022, Florida Homeowner Solutions has maintained BBB accreditation with an impressive A+ rating. One recent testimonial highlights the team’s dedication in assisting with apartment selection. Their kind, determined, and well-connected approach garnered them a perfect 5.0-star rating.
Website: floridahomeownersolutions.com
Phone number: 800-300-4663
Now Home Buyers
Now Home Buyers dedicate themselves to personalized real estate solutions for Sunrise and nearby homeowners. They aim to close deals in as quickly as seven days, offering cash for properties. They tout a hassle-free experience and no agent commissions or contractor fees, homeowners can effortlessly sell their homes in Florida, even with existing title issues.
Locations: Across Florida, including Hollywood, FL
Closing costs: Sellers pay no closing costs; Now Home Buyers covers them.
Now Home Buyers has achieved an impressive 4.7-star rating. One recent customer highlighted their fair cash offers and seamless transaction handling, commending the team’s honesty and transparency.
Website: nowhomebuyers.com
Phone number: 954-686-1833
3 Step Home Buyer
3 Step Home Buyer offers efficient real estate solutions, often closing within seven days. The 3 Step team aims to simplify the process — buying your home as-is, eliminating the need for cleaning or repairs. The company advertises that it can provide an initial offer in a matter of minutes
Locations: Boca Raton, Miami, Hollywood, and throughout the Sunshine State
Closing costs: Sellers pay no closing costs; 3 Step Home Buyer covers them.
3 Step Home Buyer has received a 4.8-star rating. One customer emphasized the importance of choosing a reliable company for selling their house, mainly due to existing issues. The company was commended for providing detailed information about the process and exceeded expectations by presenting an excellent cash offer.
Website: 3stephomebuyer.com
Phone number: 954-388-8784
Why sell your Hollywood, FL house for cash?
There are plenty of valid reasons a Hollywood 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 Hollywood, it typically takes around 102 days to sell a home on the market using an agent. That includes an average of 58 days on the market, plus the typical 44 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 Hollywood 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.
Let’s look at some common scenarios where you might want to utilize a We Buy Houses company in Hollywood:
- Aging property concerns: Your home shows signs of wear and tear: outdated interiors, old fixtures, or structural issues.
- Urgent relocation: Whether due to job changes, divorce, or other unexpected life twists, you must move without the lengthy home-selling process.
- Financial challenges: From mounting debts to unforeseen expenses, selling your home for cash can provide the quick financial relief you need.
- Inherited property: You’ve inherited a property but maintaining it is either impractical or undesirable.
- Avoiding foreclosure: Facing potential foreclosure? A quick cash sale can help you reduce debts and safeguard your credit score.
- Landlord burdens: Maybe you’re tired of dealing with tenants, or perhaps the rental property has become more hassle than it’s worth. A cash sale can be an efficient exit strategy.
- Seeking discretion: You prefer a private sale, opting for discretion over public listings.
- Avoiding home prep: The thought of home staging, repairs, and showings is daunting. Selling for cash sidesteps these demands.
As appealing as a quick cash sale might sound, it’s crucial to weigh your options.
Pros and cons of house-buying companies in Hollywood, FL
Here’s a quick look at the key pros and cons to help guide your decision.
Pros
The allure of house-buying companies lies in their promise of speed and hassle-free transactions. They’ll purchase homes in any condition, sparing you the stress and expense of repairs or upgrades.
- Speedy sales: You can often finalize sales in days or weeks, rather than the months it can take with traditional methods.
- No need for repairs: Houses are purchased as-is, so you don’t have to invest in costly repairs or renovations.
- Simple process: Say goodbye to showings, negotiations, and complicated paperwork. The transaction is straightforward and streamlined.
- Certainty: A guaranteed buyer is waiting, eliminating the uncertainty that can come with traditional listings.
Cons
While the process seems smooth, there’s a potential downside. The most glaring concern is that you typically receive an offer below market value, leaving money on the table instead of a traditional sale with a seasoned real estate agent.
- Lower offers: These companies aim for a profit margin, which means your offer will be below market value.
- Less negotiation power: Unlike traditional sales where you can counter offers, here, it’s a take-it-or-leave-it deal.
- Potential for scams: Without due diligence, there’s a risk of falling prey to unscrupulous companies looking for a quick buck.
- Chance for pressure tactics: There is a chance of getting involved with an outfit that applies pressure tactics to take advantage of your urgent situation. It’s important to vet any company you plan on doing business with.
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
It’s crucial to remember that your experience will hinge significantly on the integrity and approach of the particular buyer behind the offer. Not all cash buyers are created equal, and while many operate with honesty and transparency, there are outliers you’ll want to avoid.
Before committing to any cash offer, take the time to vet the company meticulously. Dive into reviews, peruse testimonials, and gauge their market presence and track record.
HomeLight suggests you consult with an experienced Hollywood 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 Hollywood, FL home quickly
iBuyers
iBuyers, short for instant buyers, use automated valuation models (AVMs) to quickly estimate home values and make all-cash offers, especially for well-maintained homes.
While their offers are closer to market value and the sale process is swift (often within two weeks), services like Opendoor and Offerpad might charge fees up to 6%. iBuyers best suit sellers with standardized properties in good shape.
Listing with an agent
Though not an immediate cash option, listing with a top real estate agent can lead to a speedy and profitable sale in a seller-friendly market. Top agents, backed by data, often sell homes at prices 10% higher than their counterparts.
Their expertise in providing a comparative market analysis (CMA) can also aid in setting the right price, thereby influencing sale speed. Some agents even offer a CMA for free.
Some agents might even connect you with cash buyers offering closer to market value. If considering an agent, HomeLight can link you with the best in your region, ensuring you make an informed choice.
FAQs on Hollywood, FL house-buying companies
By and large, most We Buy Houses for Cash companies in Hollywood, FL 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 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 Hollywood 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 home could sell for $555,000 after repairs, but it’s going to need $50,000 of work to get there.
($555,000 x .70) – $50,000 = $338,500
In this example, a Hollywood We Buy Houses company might offer you around $338,500 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 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 Hollywood 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 Hollywood 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 Hollywood, FL vs. top Hollywood, FL 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 Hollywood, FL | Sell with a top Realtor in Hollywood, FL |
| Selling timeline | 7 to 30 days | 102 days average; 58 to attract an offer, 44 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 Hollywood, FL is currently worth about $550,000 and needs about $40,000 in repairs. Once the repairs are completed, the home might be worth around $590,000.
| Sell to a We Buy Houses for Cash company in Hollywood, FL | Sell with a top Realtor in Hollywood, FL | |
| Estimated sale price | ($590,000 x .70) – $40,000 = $373,000 | $550,000 |
| Market preparations | 0 | $5,500 (1% of sale price) |
| Agent commissions | 0 | $31,900 (5.8% of sale price) |
| Closing costs | 0 | $8,250 (1.5%) |
| Estimated take-home for seller | $373,000 | $504,350 |
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 convenience: Cash-For-Homes companies offer a fast and straightforward selling process, bypassing the typical waiting period.
- No repairs needed: These buyers take your home as-is, eliminating the need for costly or time-consuming repairs.
- Lower offers: While quick, expect offers below market value, especially when compared to traditional sales with top agents.
- Diverse market solutions: Other options like iBuyers or working with a top agent can offer different benefits, including higher sales prices and market insights.
- Vet and research: Always thoroughly vet your cash buyer and understand your home’s value to 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.
If you’re contemplating selling to a Cash-For-Homes company, it’s best to gather multiple offers and carefully assess your choices before diving in.
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 Hollywood agent.
Header Image Source: (felixtm / DepositPhotos)
