6 Top We Buy Houses for Cash Companies in Dallas
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Meaghan Hunt, Contributing AuthorClose
Meaghan Hunt Contributing AuthorMeaghan Hunt is a writer and editor based in Oklahoma City. She has over a decade of experience writing and editing for the web, magazines, and print publications, and has spent the last several years focused on personal finance topics including real estate. She is a contributing writer for HerMoney Media. Hunt holds an MLIS degree and believes in empowering homebuyers and sellers by connecting them with accessible, digestible, and authoritative information.
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Richard Haddad, Executive EditorClose
Richard Haddad Executive EditorRichard Haddad is the executive 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.
We Buy Houses companies in Dallas make 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.
Whether you’re relocating to a suburb to cut down on commute time or moving to a more affordable city to manage rising costs, flexibility is key when it comes to selling your home. For example, a move to Houston could lower your living expenses by an average of 8%, according to recent data from Forbes.
However, your timeline might not always align with local market trends, so having flexible options can make all the difference when it’s time to sell.
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If you need to sell your Dallas home quickly, a top We Buy Houses for Cash company could be the best solution. However, before you request a cash offer, it’s important to understand how much a Dallas house-buying company might offer for your home and consider your options. Once you’re familiar with the process, you can choose a company from our list of top contenders and get started.
Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Dallas “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Dallas
We Buy Houses companies in Dallas typically promise to give homesellers quick, convenient all-cash offers and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. These house-buying companies have polished their processes to help sellers who need to move ASAP, and tend to target distressed homes in need of repairs.
Here’s how the process generally works:
- You request an all-cash offer. The company will ask you to provide information about your house and property. Some We Buy Houses groups will make a preliminary offer shortly after you submit the request. However, the initial offer typically is subject to change after they have inspected your home.
- The company performs a walk-through. This on-site property visit typically is completed within 24 to 48 hours. The timeframe may vary depending on the company and market.
- You receive a firm offer. Your official cash offer typically is received within 24 to 48 hours of the on-site visit, but can sometimes be presented at the end of the walk-through. At this point, you can accept or decline the offer. The majority of house-buying companies do not negotiate. They usually present a take-it-or-leave-it offer.
- If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin. Some house-buying companies initially will provide a large deposit or funds to assist the seller with moving costs. Others will pay for the property upfront.
- Close the sale and get paid quickly. We Buy Houses companies typically can close your home sale within seven 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.
Popular We Buy Houses for Cash companies in Dallas
If these benefits of selling to a house-buying company in Dallas 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 parent’s Tudor revival or ranch-style home. By selling to one of these companies, you should be able to sell your Dallas home in as little as a week or two.
Note: Individual program details frequently change. Please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. HomeLight always recommends doing your own research to determine which selling option is best for your situation.
Myers Home Buyers
Myers Home Buyers is a trusted name in the Dallas market. Established to offer homeowners an alternative to traditional selling methods, Myers has grown from a small team to helping thousands sell distressed homes across two states. They value your home, regardless of its condition, and aim to get you the best offer, allowing you to keep more of your home equity. Skip the hassles of traditional selling and trust Myers’ simple, stress-free process backed by their strong reputation as a licensed real estate broker.
Locations: Dallas, with brokerages in the Houston, Tampa, and Jacksonville markets
Closing costs: Sellers pay no closing costs; Myers Home Buyers covers them.
Myers Home Buyers has been BBB accredited since 2014 and holds an A+ rating. With more than 160 reviews on Google averaging 4.6 stars, customers consistently speak of staff who are responsive throughout the process, and knowledgeable about sales under varying conditions. Many reviewers write how pleased they are with this company’s staff and their willingness to answer in-depth questions with respect and professionalism.
Phone: 866-771-2250
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Dallas 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 locations throughout Dallas. With Simple Sale, you can get an all-cash offer within 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 Dallas
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 and A+ rated. The company has 4.8 stars on Google based on hundreds of 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.
Phone: 844-488-8455
We Buy Ugly Houses® / HomeVestors®
We Buy Ugly Houses is a subsidiary of the parent company HomeVestors®. HomeVestors was founded in 1996 and began franchising at that time, so this company is also one of the longer-standing house-buying companies in a crowded market. Its independently owned and operated offices have together purchased more than 125,000 houses since inception.
Unlike some competitors, We Buy Ugly Houses makes clear and firm cash offers to the sellers they work with. They are careful to visit properties before proposing an offer, and once doing so, the company does not subtract commissions or fees during the closing process.
To avoid copycat companies, you can read up on what sets HomeVestors apart as a company.
Locations: Nationwide, including the Dallas-Fort Worth metroplex
Closing costs: Sellers pay no closing costs; We Buy Ugly Houses covers them.
With multiple partner offices in Dallas proper, this well-known company garners reliably positive reviews on Google. Holding a 4.8-star rating there as well as an A+ BBB rating, customers appreciate “compassionate, “professional,” and “respectful” staff. Several reviewers on Google note that the agents they worked with went “above and beyond” to deliver a swift, positive customer service experience.
Phone: 866-200-6475
Keyroo
For sellers who would like two options in one, Keyroo is an innovative newer company in the Dallas market. Keyroo offers sellers the option of a direct cash offer, or a vetted investor auction with competing bids, with the company’s cash offer as a standing alternative. For sellers in an exceptional rush to sell, Keyroo advertises the ability to close in “as little as five days.”
While Keyroo itself is fairly new, its CEO Logan Gerard is well-versed in real estate. According to the Keyroo website, he closed $8.2 million in acquisitions during his first 90 days with his previous company.
Locations: Across the Dallas area
Closing costs: Sellers pay no closing costs; Keyroo covers them.
Keyroo is not yet BBB accredited, but despite its newness to the market, this company already has an A+ rating. The company has also earned a perfect 5-star rating on Google, with reviewers noting the staff’s “courteous,” “knowledgeable,” and “flexible” approach.
Phone: 469-425-8928
House Heroes, LLC
Co-founders Earl White and Lucas Machado began their house-flipping business together in 2013, purchasing their first investment property that year. While the company remains small and close-knit, they have expanded from their home base in Florida to include the Dallas market. One thing that sets this company apart is its openness to purchasing not only single-family homes, but also land, condos, and apartments that owners want to offload quickly.
Locations: Offices serving markets across Florida and in Dallas
Closing costs: Typically, sellers pay no closing costs; House Heroes will “often pay” for them. Consult this company directly for details about your unique situation.
House Heroes has been accredited with the BBB since 2017, where it retains an A+ rating. With more than 50 Google reviews on its Florida location averaging 4.9 stars, customers report professional, responsive staff and positive experiences with selling both homes and land lots in any condition.
Phone: 954-676-1846
Newbyginnings (JMB Newbyginnings LLC)
This company is straightforward with its customers, explaining on its website that they expect to purchase below market value and re-sell homes for a profit. With that said, the company is equally upfront about the kinds of properties they are interested in buying, and that includes homes in any condition. To save customers time, this company does conduct a brief interview with the property owner before conducting a site visit to write up an offer.
Locations: Offices in Sachse, Texas, serving the Dallas area market
Closing costs: Sellers pay no closing costs; Newbyginnings covers them.
Newbyginnings has been BBB accredited since 2018, and holds an A+ rating with the bureau. Customer reviews for Newbyginnings on the BBB website speak to a company that closes quickly, especially under pressure, and sticks to its word. Google reviews feature sellers consistently commending how “trustworthy” and “honest” this business and its staff are, and those who’ve bought homes also contribute positive reviews noting that the company does upstanding, high-quality work on flipped properties.
Phone: 469-336-6862
Why sell for cash in Dallas?
There are plenty of valid reasons a Dallas homeseller may choose to work with a cash-for-homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Dallas, it typically takes about 90 days to sell a home on the market using an agent. That includes an average of around 47 days on 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 Dallas, 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.
These companies are becoming increasingly popular, especially among sellers who don’t have the time to spend weeks or months preparing, marketing, and closing on a traditional home sale. Let’s explore some of the most common reasons Dallas sellers choose a top We Buy Houses for Cash company over the traditional listing process.
- Job relocation: You need to move quickly for a new job and can’t wait for a traditional home sale.
- Divorce: You want to quickly divide assets and move on with your life.
- Inherited property: You’ve inherited a house and prefer a quick sale to dealing with maintenance or renting.
- Downsizing: You’re looking to move into a smaller home or retirement community without the hassle of prepping and showing your current home.
- Repairs needed: Your home requires significant repairs that you can’t afford or don’t want to manage.
- Avoiding open houses: You prefer to avoid the stress and inconvenience of multiple showings and open houses.
- Foundation issues: Your home has structural problems, making it less attractive to traditional buyers.
- Foreclosure: You’re facing foreclosure and need to sell quickly to settle your debts.
- Problem tenants: You’re a landlord tired of managing tenants and want a quick sale of your rental property.
- Selling from out of state: You own a property in Dallas but live elsewhere and want the ease of a fast, remote sale.
If you are a homeowner facing any of these circumstances, requesting a cash offer from a We Buy Houses company might be a good option to consider. However, it’s prudent to think of this as a starting point in your search for solutions. You won’t know if it’s your best move until you know more about other options available to you, which we’ll help you review in a minute.
Pros and cons of house-buying companies in Dallas
By now, you’ve likely noticed that working with We Buy Houses for Cash companies in Dallas can bring up mixed feelings. The speed and convenience are appealing, but it can be tough to weigh these benefits against the higher costs that often come with a cash-offer service.
In this next section, we’ll walk you through some of the pros and cons of using a We Buy Houses company so you can better consider your options.
Pros to We Buy Houses for Cash in Dallas
One of the biggest advantages of working with We Buy Houses for Cash companies in Dallas is that you can sell your home as-is with no repairs required, and they’ll buy homes in any condition.
If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.
Here are some other pros to consider:
- Speed: You typically can sell your house in as few as seven to 10 days.
- More certainty: With a pre-offer walk-through, a house-buying company can provide a firm cash offer that comes with few contingencies, or no contingencies at all. We Buy Houses companies have refined their transaction methods in such a way that they can clear away many traditional roadblocks so sellers can plan with more confidence.
- No repairs: If your home is in need of repairs you can’t afford, you can skip them altogether. Or, if you don’t have the desire or time to tackle repairs, a We Buy Houses company can be a fitting solution to sell a home in poor condition.
- Less hassle: You won’t need to worry about showings, open houses, fielding offers, negotiating, low appraisals, or the risk of the buyer’s financing falling through. When you work with a reputable We Buy Houses for Cash company in Dallas, you’re likely going to experience a smooth journey from offer to close.
That all may sound pretty great to you as a seller if you’re looking to move within weeks rather than the months it might take you to list and sell your home on the market with an agent. However, there are downsides to working with cash-for-homes companies. Namely, they typically offer substantially below market value for your home.
Cons to We Buy Houses in Dallas
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 consider:
- Lower-priced offers: Most companies follow the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV) — the amount it could sell for on the market once fully fixed up — minus repair costs. As a result, the cash offer you receive may be significantly lower than what you could get for your home on the market.
- Inconsistent market knowledge: There can be a vast difference in a house-buying company’s knowledge of a market. One may have localized information, such as specific neighborhood data, which enables the company to leverage that knowledge into more competitive cash offers. A company without this expertise may give you a lowball offer.
- A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company. Some cash-offer outfits deliberately make low offers to desperate homeowners and then pressure them into making a fast, unvetted decision. An unprincipled group may even engage in fraud tactics, though it’s rare.
- Pressure tactics: We Buy Houses for Cash companies know that homeowners in need of a quick sale are often facing a desperate situation. While many offer real solutions, some companies take advantage of this urgency by applying pressure tactics. If you feel pressured to accept an offer, step away and reassess your options. There are a good number of established We Buy Houses for Cash companies in Dallas to choose from.
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.
Vet cash buyers and know your home’s worth
For many homesellers, We Buy Houses for Cash companies can be a solid solution to get a property sold quickly or to access cash for an expected life challenge. On the other hand, the “cash for your home” rehabbing business model has also led to what some housing advocates say are predatory tactics.
The level of integrity and customer service you experience can vary, even within an established house-buying company that strives to maintain consistent business standards. This is because many We Buy Houses for Cash companies are franchises and often use independent investors or local wholesaling outfits. Your experience greatly depends on the character of the person or group making the offer.
If you are considering a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
Get a home value estimate
Before committing to a We Buy Houses for Cash company, HomeLight suggests you consult with a top agent to get a better idea of what your home might be worth if sold on the open market. Then compare cash offers to what a top agent might be able to get for your home. HomeLight can connect you with a top-performing agent in your market.
Curious What Your Home Is Worth?
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You can also use HomeLight’s free Home Value Estimator right now to get an initial estimate in less than two minutes.
Other options to sell your home quickly
iBuyers
Within the cash-for-homes industry 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 automated valuation models (AVMs), which use algorithmic technology to apply historical and current market data to their estimates. AVMs allow iBuyers to make a near-instant offer on your home and provide a user-friendly, mostly online home sale experience.
iBuyers provide all-cash offers for homes and can close a sale in a matter of days to a few weeks. However, unlike typical We Buy Houses for Cash companies, iBuyers generally seek out homes that are in better condition and usually provide cash offers that are closer to market value, typically in the 90% range.
When considering the iBuyer option, it’s important to note that major iBuyer companies like Opendoor and Offerpad typically charge sizable service fees that can range between 5% and 6%.
Sellers who may be a good fit to work with an iBuyer in Dallas 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
It might be surprising to see this agent option included in our story about cash-for-homes businesses. Most homeowners seeking information about house-buying companies want to sell a home quickly, not in 90 days. But it’s wise to consider all your options.
If your home is in a housing market that’s seller-friendly, listing your property with a top real estate agent can result in a fast sale, especially if the house is strategically priced and superbly marketed.
Depending on the property and local market conditions, using an agent could pay off. Selling on the market typically yields the highest selling price, even more so if you partner with a proven professional. HomeLight’s internal real estate transaction data shows that the top 5% of agents sell homes for up to 10% more than average agents.
Another significant benefit of consulting with a trusted agent is the insight they can provide through a comparative market analysis (CMA). This is a market report that real estate agents provide to homesellers that acts as a tool to calculate the value of a home. The CMA evaluates a home’s size, features, location, age, and other details in relation to similar properties that have recently sold in the area. A CMA can help you determine an appropriate listing price, which can help estimate how quickly it might sell.
In addition, an experienced agent who knows your market may even be able to connect you with buyers who are willing to provide you with a cash offer that’s closer to your home’s market value.
Many agents will provide a free CMA, with no obligation to list your home with them. It can be a valuable tool to consider your options. If you ultimately decide to sell to a house-buying company, you can move forward with confidence, knowing you’ve thoroughly explored your options and made a well-informed financial decision.
If you are interested in exploring the agent option, HomeLight can connect you with a top-performing real estate agent in your area today.
Key takeaways
- We Buy Houses for Cash companies in Dallas can make it possible to conveniently sell your home in as few as seven days with no repairs, open houses, or showings.
- There are a number of reputable cash-for-homes companies serving Dallas.
- Using a We Buy Houses company could mean leaving a significant amount of money on the table compared to an agent-assisted or iBuyer sale.
- HomeLight’s Simple Sale platform provides no-obligation all-cash offers for homes in almost any condition in Dallas. 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.
FAQs on Dallas house-buying companies
Are We Buy Houses for Cash companies legit or scams?
By and large, most We Buy Houses for Cash companies 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 legitimate.
That said, as with any financial transaction, it’s a good idea to be on 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.
How much will We Buy Houses for Cash companies in Dallas pay?
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 Dallas Craftsman could sell for $350,000 after repairs, but it’s going to need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $215,000
In this example, a Dallas We Buy Houses company might offer you about $215,000 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.
How much does selling a home to a We Buy Houses for Cash company in Dallas cost?
When you accept an offer from a We Buy Houses for Cash company, you’re likely facing a double-edged sword. On one hand, you won’t have to spend additional money, as these companies typically make an offer and take care of almost everything after that. On the other hand, you’ll probably receive 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 ask the company if there are any hidden program fees that might affect your bottom line.
How do you sell a house for cash in Dallas?
- 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. Consider 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 Dallas vs. top Dallas 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 Dallas | Sell with a top Realtor® in Dallas |
| Selling timeline | 7 to 30 days | 90 days average; 47 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 | 3% to 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 ranch home in Dallas is currently worth about $700,000 and needs about $45,000 in repairs. Once the repairs are completed, the home might be worth around $745,000.
| Sell to a We Buy Houses for Cash company in Dallas | Sell with a top Realtor in Dallas | |
| Estimated sale price | ($745,000 x .70) – $45,000 = $476,500 | $700,000 |
| Market preparations | 0 | $7,000 (1% of sale price) |
| Agent commissions | 0 | $21,000 (3% of sale price) |
| Closing costs | 0 | $10,500 (1.5% of sale price) |
| Estimated take-home for seller | $476,500 | $672,000 |
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.
House-buying companies can be a good alternative for Dallas sellers in need of a quick home sale, but it’s important to consider both the benefits and drawbacks. When it comes to selling your home, it’s wise to avoid making any hasty decisions.
Before making a commitment to a cash-for-homes company, gather multiple offers and take the time to consider your options. Consider consulting with a top agent for expert insights on how soon, and for how much, your property might sell on the market. Whatever you decide, HomeLight would be happy to help with your real estate needs!
Header Image Source: (Erin Hervey / 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.
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