We Buy Houses Hot Springs, AR: Top 6 Companies
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Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
If you want a fast home sale in Arkansas, “We Buy Houses” Hot Springs, AR, companies could be the solution you’re looking for. These firms make all-cash offers, often for homes that need repairs, allowing homeowners without the time, expertise, or funds for renovations to close quickly.
By streamlining the selling process, house-buying companies can give you access to your sale proceeds in as little as a few weeks, letting you move forward with fewer obstacles than a traditional sale.
In this post, we’ll explore the pros and cons of working with We Buy Houses companies in Hot Springs to help you decide if this option is the right fit.
Sell Your House Fast in Hot Springs 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 7 days. No showings, no repairs, no open houses. Available to sellers throughout Hot Springs, AR.
Working with house-buying companies in Hot Springs
If you’re thinking about selling your house for cash in Hot Springs, the process is designed to be simple and quick. House-buying companies aim to make fair offers and close in as little as a week. Below is an overview of the process of selling your home for cash:
- Submit your property details: Start by providing basic information about your home, like its location, condition, and any repairs needed.
- Schedule a home assessment: The house-buying company will arrange a visit to inspect your property and verify its condition.
- Receive an all-cash offer: After reviewing your home’s details, the company will make a no-obligation cash offer, usually within a day or two of the assessment.
- Review the contract: Take time to carefully read through the offer terms and confirm they align with your needs and expectations.
- Set a closing date: If you decide to accept the offer, you’ll coordinate with the buyer to choose a convenient closing date, often within a few weeks.
- Receive your payment: At closing, you’ll sign the final paperwork, hand over the keys, and receive your payment, enabling you to move forward.
Popular We Buy Houses for Cash companies in Hot Springs
If the process of selling to a house-buying company in Hot Springs 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 craftsman bungalow or a ranch-style home. By working with one of these companies, you should be able to sell your Hot Springs home in as little as a week or two.
Little Rock Property Buyers
Little Rock Property Buyers streamlines the selling experience by presenting fast, instant cash offers to Arkansas homeowners. After receiving a homeowner’s property details, the company presents a fair cash offer within 24 hours. Closings can be completed in as little as seven days or even the same day, while also accommodating the seller’s preferred timeline.
Locations: Little Rock and surrounding areas, including Hot Springs
Closing costs: Sellers pay no closing costs; Little Rock Property Buyers covers them.
Backed by strong client reviews, Little Rock Property Buyers earned a high 4.8-star rating on Google. Past sellers commend the team’s fairness and straightforward dealings when making offers on properties. Many highlight the integrity the team brings to every transaction, which builds trust with sellers.
The customer service is consistently described as professional and supportive. Reviewers also emphasize the positive experience of working with a group that values honesty and reliability.
Website: propertybuyersar.com
Phone number: 501-381-7493
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Hot Springs (and across the country) can request a cash offer for their home. It features 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 Hot Springs. With the platform, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Hot Springs
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 has been accredited by the Better Business Bureau (BBB) since 2019 and now holds an impressive A+ rating. The company has 4.5 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
Gary Buys Houses
Gary Buys Houses AR provides homeowners with a fast and reliable way to sell their properties, regardless of condition. It delivers cash offers within 48 hours and allows sellers to select a move-out date that works best for their schedule. For those who want to sell and move on quickly, the team can complete transactions in as little as seven days.
Locations: Little Rock and surrounding areas, including Hot Springs
Closing costs: Sellers pay no closing costs; Gary Buys Houses AR covers them.
Gary Buys Houses earned an A- grade from the BBB and a 4.9-star Google rating. Past sellers share that the team provides an exceptional home-selling experience marked by compassion and genuine care. Many commend the team’s ability to go above and beyond expectations, creating a stress-free process from the very first phone call through closing.
Website: garybuyshousesar.com
Phone number: 501-449-2897
Mid South Best Offers Little Rock
Mid South Best Offers simplifies the home-selling process by providing homeowners with a stress-free and flexible alternative to traditional real estate transactions. Based in Little Rock, the locally owned company has purchased more than 400 homes, accommodating different types of properties, whether in need of extensive repairs or fully move-in ready.
Homeowners can expect a fair, no-obligation cash offer within 48 hours of a walkthrough and the convenience of closing on a timeline that best suits their needs.
Locations: Central Arkansas and surrounding areas, including Hot Springs
Closing costs: Sellers pay no closing costs; Mid South Best Offers covers them.
With several positive customer testimonials, Mid South Best Offers achieved a high 4.8-star Google rating. Reviewers share that their experience with this company was efficient and reassuring during what could have been a stressful time.
Many note how quickly the team moves, with some closings completed in just a couple of weeks, even on properties needing major repairs. The process is described as straightforward, fair, and hassle-free, giving sellers peace of mind.
Website: midsouthbestoffers.com
Phone number: 501-300-6955
Paranova Property Buyers
Paranova Property Buyers purchases homes in Hot Springs and throughout Central Arkansas, providing homeowners with a straightforward, hassle-free way to sell quickly. Based in Little Rock, this family-owned company has completed over 100 transactions, earning a reputation for integrity, effective problem-solving, and compassionate service.
They offer fair cash offers and can close in as little as seven days, ensuring a fast and convenient selling experience for homeowners.
Locations: Little Rock and surrounding areas, including Hot Springs
Closing costs: Sellers pay no closing costs; Paranova Property Buyers cover them.
Paranova Property Buyers holds an A+ rating from the BBB. On Google, it earned 5 stars from satisfied customers.
Reviewers praise the team’s honesty, integrity, and genuine commitment to serving sellers’ best interests. Some mention how the team handles transactions professionally and reliably, making each step clear and straightforward. Others commend the company’s consistent expertise and dedication to building strong, trustworthy relationships.
Website: paranovabuyers.com
Phone number: 501-314-8710
We Buy Houses Arkansas
Established in 1997, WeBuyHouses.com is a well-established real estate investment firm active in more than 200 markets throughout 30 states, focusing on purchasing homes regardless of their condition. Known for their dependable service, they have assisted over one million property owners.
The company offers strong cash offers, even in difficult situations like missed mortgage payments or the threat of foreclosure. On average, sellers can expect to close within seven to 14 days.
Locations: Nationwide, including Hot Springs
Closing costs: Sellers pay no closing costs; We Buy Houses covers them.
Recognized by the BBB since 2020, We Buy Houses has an A+ grade from the bureau. Its Google Business Profile earned 3.7 out of 5 stars, as the client feedback is varied. Many rave about the excellent service and give high ratings, praising the overall experience.
Others, however, raise concerns about how they were contacted, especially when callers didn’t introduce themselves. While some transactions go smoothly and professionally, others highlight uneven communication and a less consistent customer experience.
Website: webuyhouses.com
Phone number: 877-932-8946
Why sell your Hot Springs house for cash?
If you’ve ever sold your home through the traditional real estate market, you know the process can drag on for months, and there’s no guarantee of a sale. But when you sell to a We Buy Houses company, you’re looking at a guaranteed sale in just a matter of days. Speed, convenience, and certainty are the top reasons many homeowners choose to work with a cash-for-homes firm.
In Hot Springs, selling a home on the open market using an agent takes around 115 days. That includes an average of 74 days listed on the market until a signed contract, plus the typical 41 days a buyer needs to close on a purchase loan.
Compare that to the usual seven to 10 days promised by many house-buying companies in Hot Springs, 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 common scenarios where a cash sale could fit your needs.
- Job relocation: You need to move quickly to start a new job in another city and don’t have time for a lengthy sale.
- Divorce settlement: A swift sale can help you divide marital assets quickly, enabling both parties to move forward.
- Unwanted inheritance: You’ve inherited a property that you’d prefer to sell rather than manage, especially if you’re out of town.
- Downsizing transition: If you’re moving to a smaller place, a cash sale can remove the hassle and fund the transition.
- Expensive repairs: Your house is in poor condition and needs costly repairs, and you’d rather sell as-is than invest more money.
- Traditional sale stress: You want to skip the time and effort of preparing for open houses and showings.
- Structural damage: Major structural issues, like foundation problems, make listing on the open market challenging, but an investor can accommodate such problems.
- Foreclosure fix: Selling for cash could help you avoid foreclosure, providing an alternative way to resolve your mortgage.
- Problematic tenants: If you’re tired of managing tenant issues, a cash buyer can purchase your property with existing tenants in place.
- Remote home sale: Selling from out of state is challenging, but when you work with a house-buying company, you can receive an instant cash offer and avoid traveling back and forth.
Pros and cons of house-buying companies in Hot Springs
Cash-for-homes firms promise quick cash offers and a simplified process, making them an attractive option for many. However, you might walk away with a lower profit compared to selling on the open market.
This approach may not be ideal for every seller. Knowing the pros and cons ahead of time can help you make a confident, informed decision about whether this path is right for you.
Pros
- Fast closing: Cash buyers usually close in a few weeks, enabling you to complete the sale on your timeline.
- No repairs needed: Cash buyers purchase homes as-is, so you won’t need to spend on costly repairs or updates.
- Skip showings: With no need for open houses or staging, you avoid the time and effort of preparing your home for the market.
- Few contingencies: Cash offers generally come with fewer contingencies, reducing the risk of unexpected delays or the deal falling through.
Cons
- Lower offer: Cash buyers generally pay less than your home’s full market value because they take repair costs and profit margins into account.
- Limited negotiation: Offers from house-buying companies are often non-negotiable, meaning you’re unlikely to see a higher price if you counter.
- Possible scams: Some less reputable cash buyers might engage in house-buying scams, so it’s essential to research potential buyers thoroughly.
- No agent guidance: Selling to a cash buyer means you won’t have an agent to provide insights on pricing, timing, and market conditions.
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
The level of integrity and service you experience from a We Buy Houses for Cash company can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits. Your experience depends on the character of the person or group making the offer.
Before committing to a cash offer, vet the company thoroughly with these steps:
- Research market presence: Investigate how long the company has been buying homes in your area and how they’ve performed in the market.
- Check reviews: Look for online reviews and ratings to see what other sellers have said about their experience with the company.
- Ask for referrals: Go beyond reviews and ask actual clients to get a better sense of the company’s reputation and trustworthiness.
- Examine the agreement: Before signing anything, read the buying agreement carefully to ensure you fully understand the terms and conditions of the sale.
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 Hot Springs. You can also use our free Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Hot Springs home quickly
Working with iBuyers
Instant buyers or iBuyers, like Opendoor and Offerpad, offer near-instant cash offers by using automated valuation models (AVMs) to estimate home values. This allows them to facilitate a mostly online process that’s fast and convenient, closing in just days to two weeks.
While it’s a quick sale, iBuyer companies usually charge sizable service fees ranging from 5% to 6% of the home’s sale price, and they only accommodate homes in good condition.
Listing with an agent
Selling with a real estate agent can result in a fast sale and a higher sale price, particularly if you’re in a seller-friendly market. An agent will provide valuable insights, including a comparative market analysis (CMA), which is often free, to price your home right.
A top-performing professional can even connect you with cash buyers willing to pay closer to market value. If you’d like to explore this option, HomeLight can connect you with a top agent in your area.
FAQs on Hot Springs house-buying companies
By and large, most We Buy Houses for Cash companies in Hot Springs 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 BBB website. Watch for anything that just doesn’t seem right.
Most Hot Springs 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), then deduct 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 Hot Springs craftsman bungalow could sell for $275,000 after repairs, but it will need $25,000 of work to get there.
($275,000 x .70) – $25,000 = $167,500
In this example, a Hot Springs We Buy Houses company might offer you around $167,500 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 the market value while charging a fee for their services.
When you accept an offer from a Hot Springs 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, asking the company if any hidden program fees might impact your bottom line is always a good idea.
- Research and vet the house-buying companies that serve your Hot Springs 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 Hot Springs vs. top Hot Springs 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 Hot Springs | Sell with a top Realtor in Hot Springs |
| Selling timeline | 7 to 30 days | 115 days average; 74 to attract an offer, 41 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 and 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 compiled 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 Hot Springs is worth about $250,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $275,000.
| Sell to a We Buy Houses for Cash company in Hot Springs | Sell with a top Realtor in Hot Springs | |
| Estimated sale price | ($275,000 x .70) – $25,000 = $167,500 | $250,000 |
| Market preparations | 0 | $2,500 (1% of the sale price) |
| Agent commissions | 0 | $7,500 (3% of the sale price) |
| Closing costs | 0 | $3,750 (1.5% of the sale price) |
| Estimated take-home for seller | $167,500 | $236,250 |
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, convenient transaction: Cash-for-homes companies in Hot Springs offer a fast, simple solution for selling your home quickly, often closing within days to weeks.
- No repairs needed: These buyers will purchase your property as-is, saving you from the time and expense of fixing up the house.
- Lower offers: Cash buyers typically pay below market value, which could mean a lower final payout compared to listing on the open market.
- Limited negotiation: Offers from house-buying companies are generally non-negotiable, giving you less flexibility if you want to seek a higher price.
- Home valuation insights: Always be aware of your property’s estimated market value before you proceed with a cash-offer company to avoid extremely low offers.
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 Hot Springs, AR agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Hot Springs area “We Buy Houses” companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
Header Image Source: (Blake Wheeler/Unsplash)
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.