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7 of the Top We Buy Houses for Cash Companies in Miami

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.

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of companies in this post do not constitute an endorsement. Individual program details can also 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.

We Buy Houses companies in Miami 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.

It could be that you finally got your dream job offer in Cincinnati but they need you to start right away. Or maybe you inherited a ranch-style home from your grandparents, but it needs more work than you’re able to pay for. You might just want to sell it fast for cash.

If you need to sell your Miami home quickly, a 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 Miami house-buying company might offer for your home and weigh your options. Once you’re familiar with the process, you can opt to select a company on our list of some of the top contenders and get moving.

Need to Sell Your House Fast in Miami?

Get an all-cash offer through HomeLight’s Simple Sale platform whenever you’re ready.  Receive your offer within a week and close in as little as 10 days. No showings, no repairs, no open houses. Available to sellers in Florida.

Working with house-buying companies in Miami

We Buy Houses companies in Miami typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. They tend to target distressed properties in need of repairs, and work with sellers who need to move ASAP.

Here’s how the process generally works:

  1. You request an offer and provide the company with some information about your home. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property.
  2. The company completes a walk-through of your property, usually within 24 to 48 hours.
  3. The company makes a firm offer (usually within 24 hours, sometimes on-site after the walk-through) which you can accept or decline. Most of these companies will not negotiate on price, so the offer is a take-it-or-leave-it scenario.
  4. If you accept the offer, you’ll both sign a contract and the closing process will begin. Some companies offer a large deposit or moving cost assistance, and a few may even pay for the home upfront.
  5. Closing and getting paid is quick, typically 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 Miami

If these benefits of selling to a house-buying company in Miami 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 grandparent’s ranch-style home or your beachfront conch house. By selling to one of these companies, you should be able to sell your Miami home in as little as a week or two.

The Buy Guys

Website: thebuyguys.com
Phone number: (888) 204-7603
Locations: Florida, Georgia, Alabama

Sometimes homeowners want to be unburdened of their properties quickly and that’s where The Buy Guys enter the picture. They say that it takes only five easy steps online and via phone, and as little as five days to walk away with a cash offer. They’ll buy houses in any condition, including homes with structural issues and from sellers facing foreclosure. They don’t buy mobile homes, manufactured homes, or vacant land.

Closing costs: According to its Facebook page, sellers pay no closing costs; The Buy Guys covers them..

Reviews: Founded in 2015, the Better Business Bureau lists The Buy Guys as based in Hallandale Beach, Florida, with an average review rating of 4.07 out of five stars and only one complaint in three years. BBB reviews were mostly positive with one client saying the process was “hassle-free” and another that it was much easier than anticipated. The Buy Guys holds a 4.5-star rating on Google Reviews with clients parsing the company’s professionalism and responsiveness.

Simple Sale (a HomeLight platform)

Contact information: homelight.com/simple
Phone: (844) 488-8455
Locations: Nationwide, including Miami

Simple Sale, a solution from HomeLight, is an online platform where sellers in Miami (and across the country) can request a cash offer for their home. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in different locations throughout Miami. With Simple Sale, you can get an all-cash offer in as few as 48 hours and sell your home in as little as 10 days, skipping the months it can take to sell the traditional way.

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.

Reviews: Simple Sale is a HomeLight platform. HomeLight is BBB accredited with a customer review rating of 4.57 stars out of 5, and has 4.6 stars on Google based on 355 user reviews. Below you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks and what he thought of the process overall.

South Florida Cash Home Buyers

Website: southfloridacashhomebuyers.com
Phone number: (305) 458-8826
Locations: South Florida including Miami Gardens, North Miami Beach, North Miami

Founded by Todd Sims who has specialized in distressed real estate since 2008, according to the company’s website, South Florida Cash Home Buyers says they help homeowners get rid of poorly maintained, unwanted, vacant or inherited houses. Although they advertise a quick, easy and free cash offer selling process, they don’t list their buying criteria, and sellers have to schedule an appointment to find out if their property qualifies. After that, a no-obligation cash offer is provided and closing can happen in as little as seven days.

Closing costs: According to their FAQ page, South Florida Cash Home Buyers will often pay closing costs.

Reviews: Seven Google reviews give the company 5-star ratings. One reviewer wrote that it’s “the best way I know to sell a home for cash in South Florida.” Another called the company “the best in Miami. Reliable and trustworthy.” There is currently no Better Business Bureau listing showing for South Florida Cash Home Buyers.

The Friendly Home Buyer

Website: thefriendlyhomebuyer.com
Phone number: (888) 713-9158
Locations: South Florida, Florida Panhandle, Miami, Panama City, Sarasota, and Tampa

Founded in 2017, this Miami-based house-buying company focuses on speed and promises cash sale closings in as little as three days. Owned by Jared Sandel who lists real estate industry experience dating back to 2011, the company promises an immediate cash offer after filling out very basic info online.

Closing costs: Sellers pay no closing costs; The Friendly Home Buyer covers them.

Reviews: In addition to an A+ rating from the Better Business Bureau, four reviewers on that site all gave The Friendly Home Buyer five stars. Clients described the Friendly team as knowledgeable and professional. One reviewer described the service as “AMAZING.” The Friendly Home Buyer holds a 5-star rating on Google Reviews with clients thanking the company for its honest professionalism” and for helping them feel comfortable throughout the selling process.

Mission Valley Home Buyers

Website: missionvalleyhomebuyers.com
Phone number: (305) 424-7164
Locations: Throughout the United States

Based in Miami, Mission Valley Home Buyers promises a fast transparent home sale with no fees and no commissions. They say they’ll even pay all your selling costs and to not bother cleaning or making any repairs. Their website says you’ll get a fair, no-obligation cash offer within 24 hours of submitting an online form and also allow sellers to choose their closing date.

Closing costs: According to their FAQ page, Mission Valley Home Buyers will often pay for closing costs.

Reviews: Mission Valley Home Buyers is a relatively new business that started in 2020, according to the company’s Better Business Bureau listing. The two BBB customer reviews both give the company 5-star ratings, with one commenting that they would do business with the company again, and the other reviewer praising the group for its quick, no-hassle process and fair price. Mission Valley Home Buyers holds a 4.6-star rating on Google Reviews.

Fair Offer Florida

Website: fairofferflorida.com
Phone number: (954) 710-6056
Locations: Florida

Based in Fort Lauderdale, Fair Offer Florida launched in 2021 and bills itself as passionate about helping homeowners facing foreclosure. They say they’ll buy houses “as is” but also mention some home-buying criteria must be met. Sellers are asked to contact the company for criteria details. However, one benefit of their service is that they allow sellers to leave behind any unwanted items in the home at no additional charge. They promise no fees or commissions and a closing date selected by the seller in as little as seven days.

Closing costs: Sellers pay no closing costs; Fair Offer Florida covers them.

Reviews: The Better Business Bureau gives Fair Offer Florida an A- rating and lists the company as being associated with Schaal Group, LLC.  There are currently no customer reviews posted on the BBB site. Two Google reviews give the company five stars, with one saying that everything went smoothly from start to finish and that they would recommend the service to friends and family.

Liberty House Buying Group

Website: libertyhousebuyinggroup.com
Phone number: (786) 400-2675
Locations: Florida

Liberty House Buying Group is a direct buyer that’s been in business since 2017 and says it does not charge any fees or include hidden costs as part of their cash offer service. They say they’ll buy any property in Florida in every condition or situation including a property with code violations. Sellers can also leave behind anything they don’t want such as old furniture, trash in the yard, or spoiled food in the fridge.

Closing costs: Sellers pay no closing costs; Liberty House Buying Group covers them.

Reviews: They advertise a simple three-step process for a no-obligation cash offer and fast closing and include many testimonials on their website. The Better Business Bureau gives the company an A+ rating. All four Google reviews give Liberty House Buying Group five stars, with reviewers commenting that the team made them feel comfortable, and were trustworthy and professional.

Why sell for cash in Miami?

There are plenty of reasons a Miami seller may choose to go the Cash-For-Homes route, speed and certainty being chief among them.

In Miami, it typically takes around 115 days to sell a home on the market using an agent. That includes 61 days on market, plus the typical 54 days it takes to close on a purchase loan.

Compare that to the typical seven days promised by many We Buy Houses for Cash companies in Miami, and you can see why these companies remain popular, even though they don’t always offer top dollar.

Not every seller has months to prep, market, show, and close. Let’s look at some common reasons Miami sellers choose Cash-For-Homes companies over listing the traditional way.

  • The home has major repair issues common in Miami such as saltwater intrusion into the foundation, structural damage from erosion, broken storm windows, and doors, or corroded electrical systems.
  • The seller needs to move or cash in quickly due to divorce, job relocation, medical need, financial stress, etc.
  • The seller doesn’t have the means or desire to make repairs.
  • The seller doesn’t want to bother prepping the home, dealing with showings, negotiating, or navigating a long sales process.
  • The seller prefers the privacy of selling their home off-market to a cash buyer.
  • The seller is in the foreclosure process and wants to sell the home and settle up with the lender before it’s too late.
  • The seller inherited property and wants to unload it as quickly as possible.
  • The seller is a landlord who has problem tenants or no longer wishes to manage a rental property.
  • The homeowner is aging and moving into a care facility, prompting their family to sell the home.
  • The seller is living out of state and prefers the ease of a cash sale.

If any of these sounds like you, requesting a cash offer from a We Buy Houses for Cash company might be a good starting point, though it’s not your only option, and it may not be your best move (we’ll dive into your other options in just a minute!).

Pros and cons of house-buying companies in Miami

By now, you’ve probably figured out that We Buy Houses for Cash companies in Miami are a bit of a mixed bag. You get speed and service, but you may “pay” a sizable premium for that service. Let’s walk through a few pros and cons to consider while weighing your options. 

Pros

One of the biggest advantages of working with We Buy Houses for Cash companies in Miami 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 can often sell your home in as few as seven days.
  • Certainty: Since the company does a pre-offer walk-through, their offer is firm and comes with few (if any) contingencies. Cash-For-Houses companies are experts at clearing roadblocks and closing deals.
  • No repairs: Again, if your home is in rough shape and you don’t have the funds or the patience to make repairs, you can skip them altogether and save yourself the stress.
  • Less hassle: You don’t have to deal with staging, open houses, fielding offers, negotiating with picky buyers, worrying about the appraisal, or stressing about the buyer’s financing falling through. Overall, reputable We Buy Houses for Cash companies in Miami offer a smooth ride 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

When considering an offer from a We Buy Houses site, remember that these are house-buying companies, which means they’re ultimately trying to make a profit. They plan to fix up your home and either resell it or rent it out. That takes considerable time, skill, and investment.

Here are some potential downsides to weigh:

  • Lower offers: Most companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value (or the value that your house could sell for on the market once it’s all fixed up) minus repair costs. So the price you get for your home may be appreciably lower than what you’d get on the market.
  • Inconsistent market knowledge: Not all cash home buying companies are equal. Some are more localized, have specific neighborhood knowledge, and are able to leverage that expertise into more competitive offers. Others are less knowledgeable about the specifics of your community, which could result in lowball bids.
  • Not all companies are trustworthy: Some companies make extremely low offers to desperate homeowners and try to pressure you into making a quick decision. A few bad players may even engage in fraud tactics, though it’s uncommon.
  • They may use pressure tactics: These companies know that homeowners looking to sell quickly are often desperate, and some do take advantage of that by using pressure tactics. You should never feel pressured to accept an offer, especially since there are plenty of We Buy Houses for Cash companies in Miami to choose from. If anyone makes you uncomfortable, it’s time to move on to another option.

Your home is more than a place where you make memories with family, it’s also likely your biggest asset. Sure, you want to sell quickly, but you could be leaving major money on the table if you choose to work with one of these We Buy Houses for Cash companies.

Always do your research, compare your options, and consult with a trusted advisor before accepting any offer.

Vet cash buyers and know your home’s worth

For many home sellers, 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 call 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.

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.

You can also use HomeLight’s free Home Value Estimator right now to get an initial ballpark estimate in less than two minutes.

Other options to sell your home quickly

iBuyers

Within the cash-for-homes business you’ll also encounter a particular group of companies known as iBuyers, or instant buyers.

iBuyer companies offer sellers many of the same conveniences of other house-buying operations, but they also leverage algorithmic technology, otherwise known as automated valuation models (or AVMs), to make you a near-instant offer on your home and provide a user-friendly, mostly online home sale experience.

iBuyers have only been around since the mid-2010s, but are now widely available across Florida.

iBuyers offer all-cash and can close in a matter of days to a few weeks. But unlike more traditional We Buy Houses for Cash companies, iBuyers tend to look for homes in better condition and offer much closer to market value, typically in the 90% range — and sometimes more, particularly in a hot real estate market.

Though one thing to note is that major iBuyers like Opendoor, Offerpad, and Redfin usually charge sizable fees for their services, between 5% and 13%.

Sellers who may be a good fit to work with an iBuyer in Miami 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

You want to sell your house quickly, not in 115 days. But hear us out! With many housing markets still being largely seller-friendly, many listings are flying off the market in a matter of days, especially those that are priced strategically.

Going with an agent could pay off big time. Selling on the market generally fetches the highest home price, and that’s especially true if you work with a skilled professional. Our internal transaction data at HomeLight shows that the top 5% of real estate agents sell homes for up to 10% more than average agents.

This is a big financial decision, so it may make sense to consult with a trusted real estate agent who can complete a comparative market analysis (CMA) to help you understand your home’s value and how quickly it’s likely to sell.

Your agent may even be able to connect you with cash buyers who are willing to offer closer to market value for your home.

Plus, a CMA is usually free and you’re under no obligation to list with the agent, so this may be a good tool to explore your options. Even if you end up deciding to work with a Cash-For-Homes company, at least you’ll know you’re making a sound financial decision.

Overwhelmed by finding an agent? HomeLight would be happy to connect you with a top performer in your area today.

FAQs on Miami house-buying companies

Are We Buy Houses for Cash companies legit or scams?

Most We Buy Houses for Cash companies are legit, and you can rest assured that this business model has been around for decades.

How much will We Buy Houses for Cash companies in Miami pay?

Most Cash-For-Homes companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value, minus repair costs.

Here’s what that simple formula looks like:

(Your home’s ARV x .70) – repair costs

Now let’s take a look at a practical example. Let’s say your Mission-style Miami house could sell for $350,000 after repairs, but it’s going to need $80,000 of work to get there.

($350,000 x .70) – $80,000 = $165,000

In this example, a Miami cash-for-homes company will probably offer you around $165,000 for your property.

However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more like 90%-95% of market value while charging a fee for their services.

How much does selling a home to a We Buy Houses for Cash company in Miami cost?

Selling a home to a We Buy Houses for Cash company shouldn’t cost you any money, though you’ll likely get less overall for your home.

Since these companies are geared toward distressed homes, they tend to have zero fees, and will even cover your closing costs. That means the offer you get is the price you should walk away with. Make sure to ask about any hidden program fees that could eat into your bottom line.

How do you sell a house for cash in Miami?

  1. Research and vet house buying companies available in your area. The above list is a great place to start.
  2. Submit offer requests to your top few companies.
  3. Schedule any on-site visits.
  4. Field and compare offers. Choose the best option for you.
  5. Close in a week to 30 days and get paid (or you can often choose a later closing date, up to 90 days after receiving the offer)

We Buy Houses for Cash in Miami vs. top Miami agent

Wondering how a We Buy Houses for Cash company stacks up against working with a real estate agent? We’ve got you covered.

Aspect of the sale Sell to a We Buy Houses for Cash company in Miami Sell with a top Realtor® in Miami
Sale timeline 7 to 30 days 115 days average; 61 to attract an offer, 54 to close the loan
Home preparations None Make necessary repairs, deep clean, declutter, landscape, stage home
Showings None 10 to 25 showings average
Inspections / repairs None May need to make repairs for the buyer or renegotiate price
Appraisal None May need to lower the price if appraisal comes in low
Title search Cash-for-homes companies often handle title issues Must clear title before you can sell home
Financing contingency None Mortgaged buyers use a financing contingency that could hold up the deal if the loan doesn’t clear
Agent commission None 5.8% average
Closing costs None 1% to 3% of sale price on top of commission

Example net proceeds

Let’s say your beachfront home in Miami is currently worth about $500,000 and needs about $15,000 in repairs. Once the repairs are made, the home should be worth around $515,000.

Sell to a We Buy Houses for Cash company in Miami Sell with a top Realtor® in Miami
Estimated sale price ($500,000 x .70) – $15,000 = $335,000 $500,000
Market preparations 0 $5,000 (1% of sale price)
Agent commissions 0 $29,000 (5.8% of sale price)
Closing costs 0 $7,500 (1.5%)
Estimated take-home for seller $335,000 458,500

Obviously, financially it’s usually in your best interest to go with a top agent, but depending on the condition of your home and any repairs needed, selling on the open market could be challenging.

Key takeaways

  • We Buy Houses for Cash companies in Miami can offer you a way to sell your home in as few as seven days with no repairs, showings, or hassles.
  • There are many reputable cash homebuying companies across Miami, and most sellers going this route can find a company that suits their needs.
  • You could leave significant money on the table using a Cash-For-Homes company versus going with a top agent or iBuyer.
  • HomeLight’s Simple Sale platform provides no-obligation all-cash offers for homes in almost any condition in Miami. 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.

House buying companies can be a good alternative for Miami sellers in need of a quick exit from homeownership, but they’re not without drawbacks. However you choose to sell your home, it’s important to avoid making a hasty decision.

For best results, take the time to weigh your options, gather offers from multiple companies, and consider consulting with a top agent to see how easily your property could sell on the market. Whatever you decide, HomeLight would be happy to help with your real estate needs!It is possible to sell your single-family rental property and still maintain your sanity. If you’re not sure where to start, connect with an experienced real estate agent who can help you determine the property’s value and asking price, assist with staging and preparations, and market the rental to the right buyers. Along the way, you just might find your next rental investment waiting in the wings.

Header Image Source: (Shawn Henley / Unsplash)