5 Top We Buy Houses for Cash Companies in Lexington, SC
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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.
“We Buy Houses” Lexington companies offer homeowners a quick way to sell their property, providing an all-cash offer within just a few days. This can be particularly appealing for a property that needs extensive repairs or for sellers who don’t have the time or money to invest in making the necessary fixes.
This post will guide you through the advantages and disadvantages of opting for a cash-for-homes company, ensuring you can make the best decision for your situation.
Sell Fast in Lexington With a Cash Offer or Top Agent
Get an all-cash, no-obligation offer on your Lexington home through HomeLight’s Simple Sale platform. Close in as few as 10 days with no repairs or showings. You can also request an expert estimate of what your home might sell for using a top Lexington agent.
Working with house-buying companies in Lexington
Navigating a sale with a house-buying company in Lexington can seem daunting, but understanding the steps involved simplifies the process. Here’s a straightforward guide to ensure you know exactly what to expect when selling a house for cash:
- Reach out for an offer: Contact a reputable We Buy Houses company in Lexington to express your interest in selling your home. They typically ask for basic information about your property to start the process.
- Schedule a home assessment: The company will arrange a visit to assess your home’s condition. This evaluation is quick and focuses on understanding the value of your property as-is.
- Receive an offer: After the assessment, the company will present you with an all-cash offer based on the current state of your property and market conditions.
- Review the offer: Take your time to review the offer. Remember, these companies usually provide a take-it-or-leave-it deal, with little room for negotiation.
- Accept and close: If you accept the offer, the company will handle most of the closing formalities. Sales can often close in as little as a week, allowing you to access your funds quickly.
- Move forward: With the sale complete, you can quickly move on to your next chapter without the usual stress and delays of traditional home selling.
Popular We Buy Houses for Cash companies in Lexington
If the process of selling to a house-buying company in Lexington 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 you or your parents’ property, whether that’s a Lowcountry cottage or a Charleston single-family house. By working with one of these companies, you should be able to sell your Lexington home in as little as a week or two.
Columbia Cash Home Buyers
Columbia Cash Home Buyers is a South Carolina-based real estate investment firm offering streamlined solutions for homeowners seeking a faster, more flexible way to sell their properties. Founded by lifelong residents of the state, the company brings a deep understanding of the local market and a personalized approach to every transaction.
It provides cash offers within 24 hours and can finalize the sale in fewer than 30 days, minimizing delays and uncertainty.
Locations: Columbia and surrounding areas, including Lexington
Closing costs: Sellers pay no closing costs; Columbia Cash Home Buyers covers them.
Columbia Cash Home Buyers received accreditation from the Better Business Bureau (BBB) in 2022 and boasts a commendable A+ rating. Its average Google rating is 4.6 out of 5 stars.
Clients frequently praise the company’s professionalism and smooth process, noting that the experience was both efficient and hassle-free. Many were pleasantly surprised by the competitive offers received and praised the team’s respectful and personable approach. Several expressed strong interest in working with them again, confident in the quality of service and care they received.
Website: columbiacashhomebuyers.com
Phone number: 803-592-2353
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Lexington (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 Lexington.
With the platform, 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 Lexington
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 earned BBB accreditation in 2019 and now holds 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.
Website: homelight.com/simple
Phone: 844-488-8455
Myrtle Beach Home Buyers
Myrtle Beach Home Buyers is a trusted, family-run company that purchases homes directly from sellers throughout the area. It buys properties in any condition, eliminating the need for repairs or updates.
The company provides fair cash offers within 24 hours and allows sellers to select a closing date that fits their schedule. Known for local expertise and honest service, Myrtle Beach Home Buyers delivers a smooth and reliable selling experience.
Locations: All throughout South Carolina, including Lexington
Closing costs: Sellers pay no closing costs; Myrtle Beach Home Buyers covers them.
Myrtle Beach Home Buyers has been BBB accredited since 2018 and proudly bears an A+ rating. Its Google Business Profile has a near-perfect 4.9-star rating.
Clients commend the team for being transparent, supportive, and easy to work with throughout the transaction. They appreciated the clear communication, straightforward approach, and lack of hidden fees or surprises. Many sellers would confidently recommend them to others looking for a smooth and trustworthy selling experience.
Website: myrtlebeachhomebuyers.com
Phone number: 843-507-5058
Simple Home Exits
Simple Home Exits, based in Columbia, is a professional house-buying company committed to providing efficient and reliable solutions for individuals navigating uncertain circumstances. Founded with a mission to streamline the home-selling process, the company purchases properties in any condition, with no repairs or cleaning required.
With the ability to close in as little as three days, Simple Home Exits offers speed, flexibility, and peace of mind.
Locations: Lexington and surrounding areas
Closing costs: Sellers pay no closing costs; Simple Home Exits covers them.
Simple Home Exits boasts an A+ BBB rating, having been accredited by the bureau since 2019. It has an average Google rating of 5 out of 5 stars, receiving positive customer testimonials that commend the team’s dedication, professionalism, and seamless transactions.
Clients highlight the company’s efforts to reduce stress and provide regular updates throughout the selling process, making transactions effortless even for first-time sellers.
Website: simplehomeexits.com
Phone: 803-525-2371
Table Rock Homebuyers
Table Rock Homebuyers is a trusted real estate investment company serving homeowners throughout Upstate and the Midlands of South Carolina. They specialize in crafting tailored solutions for those facing tough situations, from inherited properties to problematic tenants.
Sellers receive a prompt cash offer within 24 hours and can choose a closing date that suits their timeline. The company focuses on transparency and professionalism and strives to deliver a stress-free selling experience.
Locations: Upstate and Midlands South Carolina, including Lexington
Closing costs: Sellers pay no closing costs; Table Rock Homebuyers covers them.
With several positive customer testimonials online, Table Rock Homebuyers earned an average score of 4.7 stars on Google Reviews. Clients highlight the company’s swift response time, with quick offers and flexibility to accommodate their moving needs.
The team is praised for their professionalism and kindness, often making the process easier than anticipated. Many reviewers also express gratitude for the seamless experience, with some noting that their asking prices were met without hassle.
Website: tablerockhomebuyers.com
Phone number: 864-272-5400
Why sell your Lexington house for cash?
There are plenty of valid reasons a Lexington home seller may choose to work with a Cash-For-Homes company. The benefits of speed, certainty, and remarkable convenience are leading the list.
In Lexington, selling a home on the open market typically takes around 72 days. That includes an average of 32 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 Lexington, 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.
Let’s explore some scenarios where opting for a cash sale might make sense for you.
- Job relocation: If you’re moving for a new job and need to sell quickly, a cash offer allows you to relocate without the burden of a pending home sale.
- Divorce settlement: Selling your home for cash can simplify property division and provide a quick closure during a divorce.
- Unwanted inheritance: Managing an inherited home can be complex, but a cash sale offers a straightforward way to distribute assets efficiently.
- Downsizing transition: If you’re ready to move to a smaller home or a retirement community, a cash sale is fast and hassle-free.
- Major repairs needed: If your home is in poor condition and requires significant repairs that you can’t afford or manage, selling for cash is a practical option.
- Open house stress: Working with cash buyers will eliminate the stress and invasion of privacy associated with open houses.
- Foundation issues: Selling a home with foundation problems is easier when you don’t have to fix them first.
- Foreclosure solution: A cash sale can provide a way out if you’re facing foreclosure, allowing you to settle debts quickly.
- Problematic tenants: Sell your rental property as-is, even with tenants in place, to avoid landlord responsibilities.
- Remote home sale: A cash sale simplifies the process for those selling a Lexington property from out of state.
Pros and cons of house-buying companies in Lexington
When considering selling your home to a house-buying company in Lexington, the appeal often lies in the speed and simplicity of the transaction. These companies can quickly purchase your home in its current condition, eliminating the need for repairs or staging.
However, you may also be leaving money on the table since these companies typically present below-market-value offers to boost profits. Here’s an overview of the pros and cons of working with a house-buying company:
Pros:
- Quick sale: The most significant advantage is the ability to close quickly, often within a week, which is ideal for sellers needing fast liquidity.
- As-is transaction: These companies allow homeowners to sell as-is, meaning you don’t have to spend time or money on repairs, cleaning, or decluttering.
- No real estate fees: Selling to a cash buyer means you avoid Realtor commissions and closing costs, which can add up to significant savings.
- Fewer contingencies: Sales rarely fall through due to financing issues or failed inspections, as there are no contingencies like in traditional real estate transactions.
Cons:
- Lower offers: The biggest drawback is that these companies typically offer below market value for your home, trading a higher sale price for convenience and speed.
- Limited negotiation: The price offered is often non-negotiable, leaving sellers with a take-it-or-leave-it decision.
- Scam risks: While many companies are reputable, the sector is ripe for house-buying scams. Sellers need to research thoroughly to avoid fraud.
- Less profit: In the end, selling quickly to a house-buying company means sacrificing potential profit, as the home won’t benefit from market exposure or competitive bidding that could raise the final sale price.
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
The level of integrity and service you experience from a We Buy Houses for Cash company can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits.
Before committing to a cash offer, take these important steps:
- Vet the company thoroughly: Check reviews, read testimonials, and research its presence and performance in the market.
- Review the terms: Read the buying agreement carefully before signing.
- Consult with an experienced local agent: With this, you’ll understand better what your home might be worth if sold on the open market and compare your cash offer. HomeLight can connect you with a top-performing agent in your market. You can also try our Home Value Estimator for an initial ballpark estimate in less than two minutes.
Other options to sell your Lexington home quickly
Working with iBuyers: Instant buyers, or iBuyers, use automated valuation models to make fast, all-cash offers on homes, generally closer to market value. The process, from offer to closing, is expedited and can be completed in just a few days to two weeks. Major iBuyer companies like Opendoor and Offerpad serve sellers with homes in good condition, charging service fees around 5% to 6%.
Listing with an agent: Similar to a cash-for-homes company, working with a top real estate agent can also facilitate a speedy transaction, particularly in a seller’s market. Agents leverage their expertise to price and market your home effectively, potentially securing a sale faster and at a higher price.
A key advantage is obtaining a comparative market analysis (CMA), which agents often provide free, helping you to set a competitive selling price.
For those exploring this route, HomeLight can connect you with leading real estate professionals in your area, allowing you to evaluate all options thoroughly before making a decision.
FAQs on Lexington house-buying companies
By and large, most We Buy Houses for Cash companies in Lexington 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 BBB website. Watch for anything that just doesn’t seem right.
Most Lexington 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), 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 Lexington Charleston single-family home could sell for $320,000 after repairs, but it’s going to need $30,000 of work to get there.
($320,000 x .70) – $30,000 = $194,000
In this example, a Lexington We Buy Houses company might offer you around $194,000 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 they 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 Lexington We Buy Houses for Cash company, you will likely be coming to grips with a two-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, it’s always a good idea to ask the company if any hidden program fees might impact your bottom line.
- Research and vet the house-buying companies that serve your Lexington 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 Lexington vs. top Lexington 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 Lexington | Sell with a top Realtor in Lexington |
| Selling timeline | 7 to 30 days | 72 days average; 32 to attract an offer, 40 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 / 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 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 home in Lexington is currently worth about $290,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $320,000.
| Sell to a We Buy Houses for Cash company in Lexington | Sell with a top Realtor in Lexington | |
| Estimated sale price | ($320,000 x .70) – $30,000 = $194,000 | $290,000 |
| Market preparations | 0 | $2,900 (1% of the sale price) |
| Agent commissions | 0 | $8,700 (3% of the sale price) |
| Closing costs | 0 | $4,350 (1.5% of the sale price) |
| Estimated take-home for seller | $194,000 | $274,050 |
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 transaction: Selling your Lexington home to a Cash-For-Homes company can be exceptionally fast and convenient, especially if you’re in a hurry or your home needs significant repairs.
- As-is sale: You can sell your home as it stands without investing in repairs or upgrades, which is ideal for those looking to avoid additional expenses.
- Zero fees: This route allows you to bypass traditional selling costs, including agent commissions and closing fees.
- Selling alternatives: While selling for cash offers speed, exploring all avenues, like working with iBuyers or real estate agents, is crucial to ensure you’re making the best decision for your circumstances.
- Home value: Know your property’s estimated market value before you proceed with a cash-offer company to avoid accepting offers significantly less than what your home is worth.
At HomeLight, we’re happy to help you navigate 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-performing agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of the Lexington 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: (paulbr75/ Pixabay)
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.