7 Top We Buy Houses for Cash Companies in Nashville

Working with house-buying companies in Nashville

We Buy Houses companies in Nashville typically promise to give home sellers quick, convenient all-cash offers and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. These businesses have polished their processes to help sellers who need to move ASAP and tend to target distressed homes needing repairs.

Here’s an overview of the process of selling your home for cash:

1. 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 is sometimes subject to change after they have inspected your home.
2. The company performs a walk-through. This on-site property visit is typically completed within 24 to 48 hours, but the timeframe may vary depending on the company and market.
3. You receive a firm offer. Your official cash offer is typically received within 24 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 sale price.
4. 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 provide a large deposit or funds to assist the seller with moving costs. Others will pay for the property upfront.
5. Close the sale and get paid quickly. We Buy Houses companies can typically 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 Nashville

If the speedy process of selling to a house-buying company in Nashville 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 parents’ property, whether that’s a foursquare or a ranch-style home. By working with one of these businesses, you should be able to sell your Nashville home in as little as a week or two.

Why sell your Nashville 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 Nashville, selling a home on the open market using an agent typically takes around 83 days. That includes an average of 43 days on the market, from listing to signed contract, plus the typical 40 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 Nashville, 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 growing in popularity, especially for sellers who do not have time to prepare, market, and close on a traditional home sale. Let’s look at some of the most common reasons Nashville sellers decide to use a We Buy Houses for Cash company over listing a property the traditional way.

• Extensive property damage: Your home is in poor condition, showing common issues found in Nashville, such as foundation damage or subterranean termites, which make selling on the open market challenging.
• Expensive, time-consuming repairs: The seller doesn’t have the necessary funds or wants to sell their house as-is.
• Sudden life change: You want to cash in quickly or move ASAP due to a divorce, medical need, financial strain, job relocation, or some other pressing family or life transition.
• Open house stress: You don’t want the inconvenience of prepping the home, coordinating showings, negotiating, or navigating a lengthy or complex sales process.
• Discreet sale preference: You prefer the privacy of selling their property quietly off-market to a cash buyer.
• Foreclosure solution: You’re facing foreclosure and just want to sell the home and settle your debts with the lender before the situation (or credit history) gets worse.
• Unwanted inheritance: You want a convenient and fast way to unload an inherited property.
• Landlord exit: You’re a landlord who no longer wants to manage a rental property or wants to relieve themselves of a problem tenant.
• Downsizing transition: You or a loved one decides to downsize and move in with a relative or into a care facility, prompting you to sell the property for convenience or help fund the move.
• Remote home sale: You’re handling a sale from out of state and want the benefits of an easy, quick cash sale without the need to travel back and forth.

If you are a homeowner facing any of these circumstances, requesting an instant home 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 We Buy Houses for Cash in Nashville

Before working with a cash-for-homes company, you should be aware of the benefits and drawbacks that come with the transaction.

One of the biggest advantages is that you can sell your home as-is with no repairs required. 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.

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.

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.

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 selling a property quickly or accessing cash for an expected life challenge. On the other hand, the cash-for-your-home rehabbing business model has 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.

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 Nashville. You can also try our free Home Value Estimator right now to get an initial ballpark estimate in less than two minutes.

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.

Get Estimate

Other options to sell your home quickly

Working with iBuyers

Within the Cash-For-Homes industry, you’ll also encounter a particular group of companies known as instant buyers or iBuyers. These firms 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 iBuyer companies to make a near-instant offer on your home and provide a user-friendly, mostly online home sale experience. The sale process is quick, closing 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% of the home’s sale price.

Sellers who may be a good fit to work with an iBuyer in Nashville include those who prefer to skip staging and showing their home, live in an area with somewhat similar housing, and 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 83 days. But it’s wise to consider all your options.

If your home is in a seller-friendly housing market, 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. Here are a few reasons working with an agent is beneficial:

• Sell your home for more money: Depending on the property and local market conditions, using an agent could yield more profit from the home sale. 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.
• Price the home right and sell fast: 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 home sellers to calculate a home’s value. 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. The report can help you determine an appropriate listing price, which can help estimate how quickly it might sell. Many agents will provide a CMA for free, with no obligation to list your home with them.
• Tap their network of buyers: An experienced agent who knows your market may even be able to connect you with cash buyers who are willing to pay closer to your home’s market value.

If, in the end, you decide to sell to a house-buying company, you can proceed with more confidence, knowing you fully examined your options and made a sound financial decision. If you are interested in exploring the agent option, HomeLight can connect you with a top-performing real estate agent in Nashville today.

We Buy Houses for Cash in Nashville vs. top Nashville 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.

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 Nashville is currently worth about $485,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $510,000.

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.

House-buying companies can be a good alternative for Nashville 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 weigh your options. Consider consulting with a top Nashville agent for expert insights on how soon and for how much your property might sell on the market. Whatever you decide, HomeLight has the tools and resources to help with your real estate needs.

Editor’s note: This post is for educational purposes only. Links to and mentions of Nashville 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: (Alexander Wark Feeney / Unsplash)