5 Top We Buy Houses for Cash Companies in North Carolina
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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.
When you’re dealing with major life changes, such as a divorce or sudden job relocation, selling your home fast in North Carolina becomes a top priority. Ideally, you don’t want to go through the lengthy, traditional home-selling process as you dedicate your time and energy to moving on to the next chapter of your life.
Fortunately, working with companies promoting “We Buy Houses” in North Carolina lets you avoid the stress of repairs, marketing, showings, and negotiations since they provide instant cash offers and close in a matter of days.
Before committing to these house-buying firms, be sure to understand the process and the pros and cons of this selling approach. In this post, we’ll shed light on the Cash-For-Homes landscape in North Carolina, helping you make an informed choice that aligns with your goals.
Sell Fast in North Carolina With a Cash Offer or Top Agent
Get an all-cash, no-obligation offer on your North Carolina home through HomeLight’s Simple Sale platform. Close in as few as 7 days with no repairs or showings. You can also request an expert estimate of what your home might sell for using a top North Carolina agent.
Working with house-buying companies in North Carolina
Choosing the path of selling your home to a We Buy Houses company in North Carolina can feel like unfamiliar territory. Here’s a simple roadmap showing the typical process of selling a house for cash:
- Research reputable companies: Begin by identifying and researching well-regarded house-buying companies in North Carolina. Look for reviews and check their credibility.
- Reach out for an offer: Contact your chosen company and provide information about your home.
- Agree to a home assessment: The company will likely schedule a visit to assess your property. They typically look at the condition, location, and market trends in North Carolina to make an offer.
- Accept or decline the offer: Based on your circumstances, choose to accept or decline the offer. Ensure you fully grasp the terms and conditions.
- Close the sale and move on: If you decide to proceed, the company will handle most of the paperwork to finalize the sale. Once everything is in order, the company will close the deal, and you’ll promptly receive your cash.
Popular We Buy Houses for Cash companies in North Carolina
If the process of selling to a house-buying company in North Carolina 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 Contemporary-style home or your parents’ Ranch-style house. By working with one of these companies, you should be able to sell your North Carolina home in as little as a week or two.
NC HomeBuyers
NC HomeBuyers, a local home-buying company, buys houses as-is, allowing homeowners to sell properties even without making significant repairs or clean-up. As a solution-driven firm, it stands out for its quick, competitive cash offers delivered within 24 hours of the property visit or immediately after.
The business promises to pay top dollar, as it doesn’t have the enormous overhead that other larger companies have. Prioritizing a speedy selling process with personal service, it can close transactions within days.
Locations: Raleigh and surrounding areas, including Cary, Durham, Chapel Hill, Garner, Apex, and Morrisville
Closing costs: Sellers pay no closing costs; NC HomeBuyers covers them.
NC HomeBuyers has been accredited by the Better Business Bureau (BBB) since 2022 and holds an A+ rating. The online reviews highlight the company’s professionalism, honesty, and effective communication. Customers particularly appreciated the seamless, stress-free experience of selling their homes with this company.
They mentioned the team’s commitment to transparency, making the whole process feel secure and trustworthy. Even when issues arose during the transaction, reviewers noted that NC HomeBuyers was able to swiftly and efficiently resolve them, leading to a smooth and effortless selling process. The company currently has a Google rating of 4.7 stars.
Website: nchomebuyers.org
Phone number: 919-296-4888
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in North Carolina (and across the country) can request a cash offer for their home. It connects you to 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 North Carolina. With the platform, you can get an all-cash offer in 24 hours and sell your home in as little as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including North Carolina
Closing costs: No prep costs, no agent commissions, and no 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 BBB accredited since 2019 and now holds an impressive A+ rating. It has 4.6 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.
Website: homelight.com/simple
Phone: 844-488-8455
NC Cash Home Buyers
NC Cash Home Buyers is a family-owned company with more than 15 years of real estate experience. The firm has helped hundreds of homeowners across North Carolina sell properties quickly, regardless of condition or circumstance.
It handles challenging selling scenarios, from foreclosure and divorce to inherited homes and out-of-state relocations. NC Cash Home Buyers delivers practical solutions tailored to each seller’s needs and can close in as little as 48 to 72 hours.
Locations: Raleigh and surrounding areas
Closing costs: Sellers pay no closing costs; NC Cash HomeBuyers covers them.
Thanks to positive customer testimonials, NC Cash Home Buyers received a high 4.7-star rating on Google. Reviewers commend the company for its professionalism, diligence, and excellent communication throughout the property-selling process.
Some particularly acknowledge the smooth transactions and fair offers, which facilitated a stress-free experience. Others express appreciation for the transparency and non-pushy approach taken, which gives them confidence in their choices.
Website: nccashhomebuyers.com
Phone number: 919-283-5585
Green Street Home Buyers
Green Street Home Buyers, founded by Mike Kehoe and Tim McGarvey, is a reputable real estate investment company based in Durham. Recognizing the issues of unethical behavior in the off-market home sales industry, the business partners formed Green Street to create honest, transparent transactions based on win-win solutions.
The company serves the entire state of North Carolina, buying properties directly from homeowners and landlords with all-cash offers and closing quickly. Notably, it specializes in resolving challenging situations like foreclosure, tax issues, or inherited properties, placing a strong emphasis on client satisfaction.
Locations: Throughout North Carolina, including Raleigh, Durham, Burlington, Greensboro, High Point, Charlotte, Concord, Gastonia, and Fayetteville
Closing costs: Sellers pay no closing costs; Green Street Home Buyers covers them.
Recognized for its commitment to ethical standards, Green Street Home Buyers has been BBB accredited since 2022 and holds an A+ rating. It has garnered over a hundred Google reviews, making for an impressive 4.6-star rating.
Clients appreciate the company’s convenient, smooth, and rapid process, highlighting their expertise at handling complex sales scenarios, like selling rental properties. They valued the firm’s transparency, clear communication, and delivery of promises. The team’s ability to answer questions thoroughly was well-praised, inspiring trust and respect.
Website: greenstreethomebuyers.com
Phone number: 919-926-1791
Vets Buy Houses NC
Vets Buy Houses is a veteran-owned real estate solutions company that buys, sells, and rents out real estate, specializing in distressed properties that need work. It purchases homes as-is, without requiring any repairs.
With a strong focus on providing an easy, stress-free, and fast process, the team at Vets Buy Houses NC makes offers within 24 hours and closes in as little as 10 days or on the seller’s schedule, providing customers with convenience and peace of mind.
Locations: Throughout North Carolina, including Fayetteville, Cameron, Pinehurt, and Greenville
Closing costs: Seller pays no closing costs; Vets Buy Houses in NC covers closing costs.
Vets Buy Houses NC has received various positive testimonials online, earning a perfect Google rating of 5 stars. Clients appreciate the company’s professionalism, timeliness, and ease of service. Those with properties in need of extensive repairs found the company’s as-is purchase model to be beneficial, eliminating the hassle and cost of fixing up the property themselves.
Reviewers also noted the fairness in the pricing offered and the company’s capacity to handle transactions swiftly and smoothly, thus offering a stress-free selling experience.
Website: vetsbuyhousesnc.com
Phone number: 919-410-7263
Why sell your North Carolina 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 North Carolina, selling on the open market with an agent typically takes about 76 days. That includes an average of 35 days on the market, from listing to signed contract, plus the typical 41 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 North Carolina, and it’s clear why these We Buy Houses groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
Here’s a quick look at why some North Carolina sellers are choosing house-buying companies.
- Immediate life changes: Unexpected events like a divorce, medical emergencies, or sudden job relocations might necessitate a swift sale.
- Lack of funds for repairs: If your home demands significant attention, but you’re short on funds or the inclination to renovate, selling for cash can be appealing.
- Traditional sale stress: Avoid the stress of home prep, showings, and lengthy negotiations with a straightforward cash sale.
- Privacy considerations: If you want to keep the sale under wraps, a cash offer from an investor facilitates an off-market sale and ensures a discreet process, free from the public eye.
- Foreclosure risk: Before it escalates, selling your home to settle debts might be a viable escape from worsening credit scenarios.
- Unwanted inheritance: Quickly liquidating an inherited house can simplify estate matters.
- Landlord fatigue: If property management has lost its charm or you’re grappling with problematic tenants, cash sales offer a swift exit.
- Elderly homeowners transition: Aging family members shifting to care facilities can benefit from a quick, uncomplicated property sale.
- Out-of-state living: If North Carolina isn’t your current home base, a cash sale can eradicate the complexities of long-distance property selling.
If you find yourself in one of these situations, considering a cash offer might be a fitting solution. But remember, this is just a launchpad. The best decision emerges when you’re informed about the pros and cons, and your other selling options.
Pros and cons of house-buying companies in North Carolina
Weighing the benefits and drawbacks of house-buying companies in North Carolina is pivotal for an informed decision. These companies offer undeniable advantages, notably speed and flexibility. However, they often come with trade-offs.
Pros
For many, the appeal of house-buying companies is anchored in their swift, uncomplicated process. Here’s a breakdown of the benefits:
- Speedy transactions: Opting for a house-buying company means you can sell your home rapidly, often in days or weeks.
- Zero repairs: The condition of your house isn’t a deterrent, as these companies purchase properties as-is.
- No more marketing: Bypass the efforts of listing, staging, and showcasing your property to potential buyers.
- Clear-cut process: With straightforward terms and no hidden fees, you know what to expect from the outset.
Cons
While speed and convenience are tempting, it’s essential to note potential pitfalls:
- Below-market-value offers: The most glaring drawback is often the price. You will likely get less than if you listed traditionally.
- Limited negotiation: Expect a more rigid, take-it-or-leave-it stance on the proposed offer.
- Less personalized service: Transactions with these companies might lack the tailored touch that a real estate agent offers.
- Untrustworthy companies: Some entities may force you to accept an extremely low offer. Others may be engaged in house-buying scams. Before agreeing to a cash offer, conduct thorough research.
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
When working with a house-buying company in North Carolina, it’s important to be vigilant of any shady tactics. Here are some brief guidelines to follow:
- Verify credentials: Confirm that the company is licensed and has a track record of successful transactions.
- Research market presence: Investigate the company’s presence and performance in the market to ensure stability and reliability.
- Check reviews: Look for reviews and ratings online to see what other sellers have experienced.
- Read the agreement carefully: Before signing, make sure you understand all terms and conditions in the buying agreement.
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 North Carolina. 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 North Carolina home quickly
Working with iBuyers
Instant buyers or iBuyers offer a mostly online home-selling experience, using data-driven models for quick home valuations. Companies like Opendoor and Offerpad can make all-cash offers closer to market value with a fast turnaround from offer to closing.
It’s important to note that iBuyer companies typically charge sizable service fees, 5% to 6% of the home’s sale price. They accommodate homes in better shape and standard neighborhoods.
Listing with an agent
In seller-friendly markets, a top agent can ensure a rapid sale through expert pricing and marketing strategies. These professionals can also provide valuable insights by generating a comparative market analysis (CMA), a report that can guide you on the best listing price, potentially leading to quicker sales. Many agents will offer a CMA for free just for consulting with them.
An established North Carolina agent will also have connections. They might even find cash buyers ready to pay closer to market value. If you’re interested in this route, HomeLight can connect you with a leading agent in your area.
FAQs on North Carolina house-buying companies
By and large, most We Buy Houses for Cash companies in North Carolina are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you use an established group with a track record, you can be fairly confident it’s legit.
That said, as with any financial transaction, it’s a good idea to be on the alert for scams. Always research companies before you sign a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the BBB website. Watch out for anything that doesn’t seem right.
Most North Carolina 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 North Carolina Contemporary-style home could sell for $367,000 after repairs, but it’s going to need $30,000 of work to get there.
($367,000 x .70) – $30,000 = $226,900
In this example, a North Carolina We Buy Houses company might offer you around $226,900 for your home. However, different types of house-buying companies 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 85% to 95% of the market value while charging a fee for their services.
When you accept an offer from a North Carolina We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On the one hand, it shouldn’t cost you any additional money because these businesses make an offer and handle almost everything once the offer is accepted. On the other hand, you’ll likely get less money overall for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive is going to be the price you walk away with at the end of the deal. Of course, it’s always a good idea to flat-out ask the company if there are any hidden program fees that might impact your bottom line.
- Research and vet the house-buying companies that serve your North Carolina area. Our list above is a good place to start.
- Submit offer requests to a few 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 North Carolina vs. top North Carolina 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 North Carolina | Sell with a top Realtor in North Carolina |
| Selling timeline | 7 to 30 days | 76 days average; 35 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 put together one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and selling with an agent.
Let’s say your home in North Carolina is currently worth about $337,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $367,000.
| Sell to a We Buy Houses for Cash company in North Carolina | Sell with a top Realtor in North Carolina | |
| Estimated sale price | ($367,000 x .70) – $30,000 = $226,900 | $337,000 |
| Market preparations | 0 | $3,370 (1% of the sale price) |
| Agent commissions | 0 | $10,110 (3% of the sale price) |
| Closing costs | 0 | $5,055 (1.5% of the sale price) |
| Estimated take-home for seller | $226,900 | $318,465 |
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 North Carolina provide a rapid solution, often ideal for sellers facing urgent situations or homes in disrepair.
- Lower offers: A cash offer from a house-buying company will typically be below market value. For some, the promise of speed and convenience is worth the tradeoff.
- Due diligence: Before committing, thoroughly vet the company. Check reviews, testimonials, and their market standing.
- Quick sale alternatives: Consider other selling options like iBuyers for a digital experience or traditional agents for potentially higher sale prices.
- Market analysis: An experienced agent can provide a CMA that provides crucial insights into your home’s potential market value and selling timeframe.
In the world of home selling, knowledge truly is power. If you’re considering selling to a North Carolina We Buy Houses company, it’s beneficial to gather multiple offers and weigh all your choices before sealing the deal.
At HomeLight, we’re happy to guide you in navigating this real estate journey. Let us help you make an informed, 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 North Carolina agent.
Contributing Editor Frances Metz assisted with this post.
Editor’s note: This post is for educational purposes only. Links to and mentions of North Carolina 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: (Gene Gallin / Unsplash)
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