We Buy Houses Lancaster: Top 5 Companies
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Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
If you’re looking to sell your Lancaster home fast, you may be considering a We Buy Houses company. These companies offer all-cash deals, which can be a great option if your home needs repairs or if you want to avoid the delays of the traditional market.
Whether you’re short on time, cash, or the energy to make updates, a quick cash sale could help you move forward with your plans. Selling this way might be the solution to an unexpected situation or a way to skip costly repairs.
In this post, we’ll explore the pros and cons of working with house-buying companies in Lancaster, helping you weigh whether this is the right option for your home sale.
Sell Your House Fast in Lancaster With a Cash Offer
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Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Lancaster area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Lancaster
Selling your Lancaster home to a house-buying company is a straightforward process designed to help you close quickly without the stress of repairs or showings. Follow these simple steps to get started.
- Reach out: Contact a local house-buying company to express interest in selling your home.
- Schedule a visit: The company will arrange a time to inspect your property.
- Get an offer: The company will present a cash offer after evaluating your home.
- Review the offer: Decide whether the offer meets your needs and timeline.
- Sign the agreement: Agree to the offer by signing the contract.
- Close and get paid: Complete the sale and receive your payment within days.
Popular We Buy Houses for Cash companies in Lancaster
If the process of selling to a house-buying company in Lancaster sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some of the top companies that will pay cash for your or your parents’ ranch-style home or Mediterranean revival. By selling to one of these companies, you should be able to sell your Lancaster home in as little as a week or two.
Mrs. Property Solutions
Mrs. Property Solutions is a home-buying company specializing in fast and fair cash offers for houses in Lancaster, CA, and surrounding areas. They focus on providing a smooth and straightforward process for homeowners who need to sell their properties quickly.
Locations: Lancaster and surrounding areas.
Closing costs: Sellers pay no closing costs; Mrs. Property Solutions covers them.
Mrs. Property Solutions holds a 5-star rating on Google. Customers appreciate the company’s efficiency, professionalism, and transparent communication.
Website: mrspropertysolutions.com
Phone number: 310-658-8252
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Lancaster (and across the country) can request a cash offer for their home. Simple Sale connects you to the largest network 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 Lancaster.
With Simple Sale, you can get a no-obligation, all-cash offer in 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 Lancaster
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is BBB-accredited with an A+ rating. The company has 4.8 stars on Google based on hundreds of user reviews. Below, you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks and what he thought of the process overall.
Learn more: homelight.com/simple
Phone: 844-488-8455
Osborne Homes
Osborne Homes was founded by Mike Osborne in 2007. Since 2007, Osborne Homes has purchased, rehabbed, and sold over 2,000 properties focusing on helping distressed property owners find win-win solutions.
Locations: Lancaster and other communities in the Central Valley and Orange County.
Closing costs: Sellers pay no closing costs; Osborne Homes covers them.
Reviews of Osborn Homes speak to the company’s quick, smooth process and fair offers. They have a Google rating of 3.5.
Website: osbornehomes.com
Phone number: 559-500-3610
Eazy House Sale
Eazy House Sale is a property-buying company that provides a fast, straightforward, and transparent solution for homeowners looking to sell their houses quickly. Eazy House Sale specializes in helping homeowners in challenging situations, ensuring they get a fair deal without the traditional delays and complications of the real estate market.
Locations: Lancaster and surrounding areas.
Closing costs: Sellers pay no closing costs; Eazy House Sale covers them.
Eazy House Sale holds a 5.0-star rating on Google. Customers praise the company for its professionalism and efficiency. Reviewers appreciate the quick and fair process, as well as the company’s commitment to clear communication and transparent offers.
Website: eazyhousesale.com
Phone number: 855-915-1382
Sellers New Day
Sellers New Day is a home-buying company dedicated to providing homeowners with a simple and hassle-free selling experience. They offer fair cash offers and aim to close deals quickly, catering to various homeowner needs and situations.
Locations: Throughout California, including Lancaster.
Closing costs: Sellers pay no closing costs; Sellers New Day covers them.a
Sellers New Day holds a 5.0-star rating on Google. Customers praise the company for their professionalism and efficiency in closing deals. Common feedback highlights the company’s transparent communication and fair offers.
Website: sellersnewday.com
Phone number: 951-477-5682
Why sell your Lancaster house for cash?
Why would a Lancaster homeowner sell their property for cash? Speed is the primary factor, as well as convenience and a guaranteed sale, especially compared to selling via the traditional market.
In Lancaster, it typically takes around 84 days to sell a home on the market using an agent. That includes an average of 41 days on the 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 Lancaster, 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.
Selling your Lancaster home for cash can be a smart move if you’re facing certain challenges that make a traditional sale difficult or time-consuming. If any of these scenarios sound familiar, working with a house-buying company might be worth considering for a faster, hassle-free solution.
- Job relocation: You need to sell quickly to move to a new location for a job relocation.
- Divorce: You want to simplify the sale process during the difficult life transition of divorce.
- Inherited property: You’ve inherited a house and need a fast, easy sale.
- Downsizing: You’re moving to a smaller home and want to sell without the hassle of downsizing.
- Major repairs: Your home needs expensive repairs that you don’t want to handle repairs.
- Avoiding open houses: You want to sell privately without staging or showing open houses.
- Foundation issues: Your home has serious structural issues that could be hard to fix or sell.
- Facing foreclosure: You need to sell before foreclosure affects your credit.
- Tenant issues: You’re ready to sell a rental property and no longer want to manage tenants.
- Selling from out of state: You live far from the property and need a quick sale selling from out of state.
Pros and cons of house-buying companies in Lancaster
Selling to a house-buying company in Lancaster has its advantages and disadvantages. For homeowners needing a quick sale without the hassle of repairs or showings, the pros may outweigh the cons. Let’s break down the key benefits and drawbacks of working with these companies.
A major benefit of using a house-buying company is the speed and convenience of the sale. These companies are known for closing deals quickly and buying homes in as-is condition, meaning you won’t need to worry about repairs or home preparations. Here are some other advantages:
- Fast sale: House-buying companies often close in as little as a week, helping you move on quickly.
- No repairs needed: You can sell your home in as-is condition, avoiding the time and expense of home improvements as-is.
- No showings or staging: Skip the stress of open houses and multiple showings; you won’t need to prep your home for buyers.
- Simple process: Cash buyers typically don’t require contingencies or financing, simplifying the entire sale process contingencies.
While there are clear benefits, one of the biggest downsides to selling to a house-buying company is that you’ll likely receive an offer below market value. While the process is fast, you may walk away with less money than if you sold traditionally. Here are some other cons:
- Lower offer: Cash buyers typically offer below market value for your home, meaning you’ll receive less than you might from a traditional sale below market value.
- Limited negotiation: Most house-buying companies present a take-it-or-leave-it offer, with little room to negotiate for a higher price.
- Potential for scams: Be cautious of fraudulent companies and scams that promise cash but don’t deliver on their offers scams.
- Fewer options: A quick cash sale means you won’t be able to test the traditional market for a better offer.
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
Before committing to selling your Lancaster home to a We Buy Houses for Cash company, take steps to ensure you’re working with a reputable buyer:
- Check reviews: Look up online reviews and testimonials to see how other sellers rate their experience with the company.
- Research market presence: Investigate the company’s track record in your area. How long have they been operating, and how many homes have they bought?
- Verify legitimacy: Make sure the company is licensed and has a solid reputation. A little research can protect you from potential scams.
- Read the contract: Carefully review the buying agreement before signing. Make sure you understand the terms and feel confident in your decision.
HomeLight suggests you consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. Then, compare your cash offer. HomeLight can connect you with a top-performing agent in your market. You can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Lancaster home quickly
iBuyers
iBuyers
iBuyers use automated valuation models to provide instant all-cash offers, typically for homes in good condition. Companies like Opendoor and Offerpad deliver fast closings, usually within two weeks, but charge service fees of 5%-6% iBuyers. They suit sellers with well-maintained properties in markets with similar housing automated valuation models iBuyer process.
Listing with an agent
In seller-friendly markets, listing with an agent can still result in a quick sale. A top agent provides a comparative market analysis to determine pricing and often does so for free comparative market analysis often free. You could also receive a cash offer closer to market value. HomeLight can connect you with a top-performing agent HomeLight can connect.
FAQs on Lancaster house-buying companies
By and large, most We Buy Houses for Cash companies in Lancaster are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you use an established group with a track record, you can be fairly confident that it’s legit.
That said, as with any financial transaction, it’s a good idea to be on the alert for scams. Always research companies before you sign a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the Better Business Bureau website. Watch for anything that just doesn’t seem right.
As described in our pros and cons list above, most Lancaster 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 Lancaster ranch-style home could sell for $505,000 after repairs, but it will need $30,000 of work to get there.
($505,000 x .70) – $30,000 = $323,500
In this example, a Lancaster We Buy Houses company might offer you around $323,500 for your home.
However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more than We Buy Houses companies because 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.
When you accept an offer from a Lancaster We Buy Houses for Cash company, you will likely be coming to grips with a double-edged sword. On the one side, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. Conversely, you’ll likely get less money overall for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive will be the price you walk away with at the end of the deal. Of course, asking the company if any hidden program fees impact your bottom line is always a good idea.
- Research and vet the house-buying companies that serve your Lancaster area. Our list above is a good place to start.
- Submit offer requests to a few of the companies you like best.
- Schedule any required on-site property visits.
- Compare offers. Weigh the pros and cons and choose the best option for you.
- Close the sale in a week to 30 days and get paid. (Some companies will let you choose a closing date up to 90 days after accepting the offer, which can be helpful when planning a move.)
We Buy Houses for Cash in Lancaster vs. top Lancaster 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 Lancaster | Sell with a top Realtor in Lancaster |
| Selling timeline | 7 to 30 days | 84 days average; 41 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 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%-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 compiled one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and an agent-assisted sale.
Let’s say your home in Lancaster is worth about $505,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $530,000.
| Sell to a We Buy Houses for Cash company in Lancaster | Sell with a top Realtor in Lancaster | |
| Estimated sale price | ($530,000 x .70) – $25,000 = $346,000 | $505,000 |
| Market preparations | 0 | $5,050 (1% of sale price) |
| Agent commissions | 0 | $15,150 (3% of sale price) |
| Closing costs | 0 | $7,575 (1.5%) |
| Estimated take-home for seller | $346,000 | $477,225 |
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.
Key takeaways
- Quick cash sales: House-buying companies in Lancaster offer fast closings, often within days, ideal for sellers who need to move quickly.
- No repairs needed: You can sell your home as-is without the hassle of repairs, staging, or showings.
- Lower offers: Expect offers below market value, so you’ll likely walk away with less money than you might from a traditional sale.
- Convenience over price: The process is simple and stress-free, but the trade-off is accepting less for your home compared to listing it with an agent.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
At HomeLight, we’re happy to lend a guiding hand in managing your real estate journey. Let us help you make an informed and confident decision, whether you’re looking for a no-obligation cash offer through a trusted platform like Simple Sale or seeking to consult with a top Lancaster agent.
Header Image Source: (Michael Kahn / Unsplash)
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