6 Top We Buy Houses for Cash Companies in Lexington, KY
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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.
“We Buy Houses” Lexington, KY, companies may be a fitting solution if you’ve experienced a life change that requires a fast, simple home sale.
Perhaps the house needs significant repairs, but you lack the time, money, or desire to complete the work. Or maybe you have inherited a Lexington property, but you live out of state, and you just need to get it sold. These companies offer a lifeline, letting you quickly close one chapter and move on.
But is selling your house for cash the right choice for you? This post provides a look at the process, benefits, and drawbacks of house-buying companies so you know what to expect.
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 7 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
If you’re thinking about selling your house for cash in Lexington, the process is designed to be simple and quick. House-buying companies aim to make fair offers and close in as little as a week. Below is an overview of the process of selling your home for cash.
- Research reputable companies: Even if you’re in a hurry to sell, take the time to research and identify credible house-buying companies in Lexington. Look for reviews and check references to ensure you’re making a wise choice.
- Initiate contact: Reach out to the company, either through their online form or by phone. Provide basic information about your home, including its condition and location.
- Let the company assess the home: The company will schedule a visit to evaluate your home’s condition. This is to determine the potential offer they’ll make. Some companies provide an initial offer before the on-site assessment.
- Receive the offer: Shortly after the assessment, you’ll receive a no-obligation, all-cash offer. These offers are typically fixed and don’t leave room for negotiations.
- Review the terms: It’s crucial to read and understand all terms of the offer. If you have questions, there’s value in having an experienced professional review the purchase contract. It’s also wise to compare offers from several companies.
- Close the deal: If you accept the offer, the company will handle most of the closing process. You can then walk away with the proceeds and move forward with your life plans.
Popular We Buy Houses for Cash companies in Lexington
If the process of selling to a house-buying company sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some of the top companies in Lexington that will pay cash for your Contemporary-style home or your parents’ Colonial house. By working with one of these companies, you can sell your Lexington home in as little as a week or two, and sometimes even in days, depending on your situation.
Kentucky Real Estate Buyers
Kentucky Real Estate Buyers offers homeowners a swift and hassle-free alternative to traditional property sales. The company specializes in purchasing homes as-is, allowing sellers to avoid repairs, showings, and lengthy wait times.
Whether facing a job relocation, inherited property, tenant turnover, or a personal transition, Kentucky Real Estate Buyers provides solutions that make moving forward simple and stress-free. Homeowners typically receive a fair cash offer quickly, with the ability to close in as little as seven days.
Locations: Lexington and the surrounding areas, including Nicholasville, Georgetown, and Paris
Closing costs: Sellers pay no closing costs; Kentucky Real Estate Buyers covers them.
Kentucky Real Estate Buyers has been accredited by the Better Business Bureau (BBB) since 2016 and now maintains an A+ rating. Its Google Business Profile reflects a high customer review score of 4.3 stars.
Clients appreciate how quickly they were able to close and how simple everything felt from start to finish. They commend the fairness of the cash offers and the peace of mind of working with a reputable buyer.
Website: kentuckyrealestatebuyers.com
Phone number: 859-757-1857
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 features 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 7 days, skipping the months it can take to sell the traditional way. You will also see an expert estimate of what your home might sell for using a top Lexington agent, helping you make an informed decision.
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 has been BBB accredited since 2019 and holds an impressive A+ rating. The company has 4.8 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
Lex House Buyers
Lex House Buyers is a family-owned real estate solutions company dedicated to helping homeowners navigate challenging property situations. Whether facing foreclosure, struggling to sell through traditional methods, or simply needing a fast sale for any reason, the firm provides practical, stress-free alternatives.
The team extends fair cash offers within two hours of speaking with a homeowner and can close in as little as five business days, ensuring speed, reliability, and peace of mind.
Locations: Lexington and the surrounding areas
Closing costs: Sellers pay no closing costs; Lex House Buyers covers them.
Lex House Buyers achieved a perfect 5-star rating on Google, as it received glowing reviews from clients who appreciate the ease, speed, and professionalism of their home-selling process. Past sellers frequently commend the company’s rapid response time, with one client receiving an offer within an hour of their call and a 10-day close on a deal.
Reviewers commend the team’s expertise and dedication to explaining things in detail. The staff prioritizes clients’ needs, even when it’s not beneficial to them.
Website: lexhousebuyers.com
Phone number: 859-429-2158
Sidewalk Property Solutions
Sidewalk Property Solutions, a family-owned company based in Lexington, is dedicated to helping homeowners resolve a variety of property challenges, including foreclosure, probate, and burdensome ownership. Guided by values of respect and integrity, the company delivers tailored solutions that reduce stress and empower clients to focus on what matters most.
Homeowners can receive a fair cash offer within 24 hours, with closings completed in as little as seven days.
Locations: Lexington and the surrounding areas
Closing costs: Sellers pay no closing costs; Sidewalk Property Solutions covers them.
Known for securing customer loyalty, Sidewalk Property Solutions earned a Google rating of 5 stars. Reviewers consistently highlight the company’s professional, informative, and fair approach to real estate solutions. They express satisfaction with their stress-free, smooth transactions, which often exceed initial expectations.
Impressed with the company’s readiness to handle complex situations, clients commend the staff’s personable and professional attitude in handling real estate deals.
Website: sidewalkpropertysolutions.com
Phone number: 859-800-6686
Sisters Who Buy Houses
Sisters Who Buy Houses, based in Louisville, began after the owners faced their own struggles with selling a home, giving them a real understanding of what distressed homeowners go through. The team focuses on making fair offers and creating win-win solutions that work for everyone.
It houses quickly, even in tough situations, then fixes them up and giving them new life. Homeowners can expect a fair cash offer within 24 hours.
Locations: Louisville and surrounding areas, including Lexington
Closing costs: Sisters Who Buy Houses often pay for closing costs
Accredited by the BBB since 2015, Sisters Who Buy Houses holds an A+ grade. Its Google Business Profile reflects a 4.5-star rating, with many praising the firm’s open, clear communication throughout the transaction.
Some point out how easy the company makes the whole process, while still giving honest and fair offers without lowballing. More than anything, people appreciate how the team takes what could be a stressful home sale and turns it into a smooth, positive experience.
Website: sisterswhobuyhouses.com
Phone number: 502-273-0000
We Buy 502
We Buy 502 purchases houses, land, rental properties, and other real estate across Kentucky. Since 2007, the company has established a strong reputation as one of the state’s most trusted cash homebuyers. Homeowners can expect a fair all-cash offer within 24 hours, along with the flexibility to choose a closing date that best fits their needs.
The team prides itself on making the selling process simple, transparent, and stress-free. With years of experience and a reliable track record, We Buy 502 offers homeowners a fast and confident way to sell their property.
Locations: Louisville and surrounding areas
Closing costs: Seller pays no closing costs; We Buy 502 covers them.
Backed by integrity and a strong commitment to customer care, We Buy 502 holds an A+ grade with the BBB and a 4.8-star rating on Google. Homeowners often highlight the company’s supportive and flexible approach, which helps turn even complex situations into smooth transactions. The selling process is praised for its speed, efficiency, and organization, with clear updates and prompt management of paperwork and payments.
Website: webuy502.com
Phone number: 502-849-5950
Why sell your Lexington 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 Lexington, selling a home on the market using an agent typically takes around 69 days. That includes an average of 28 days listed on the market until a signed contract, plus the typical 41 days a buyer needs to close on a purchase loan.
Compare that to the usual 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 take a quick look at some reasons why selling your Lexington home for cash might be the right call for you.
- Immediate financial needs: Your financial situation has changed suddenly, whether from unexpected expenses, job loss, or job relocation, and you need quick access to funds.
- Foreclosure solution: Selling for cash can be a lifeline if you’re on the brink of foreclosure, allowing you to settle your mortgage and safeguard your credit.
- Expensive fixes: If your home is in poor condition and requires major repairs, like addressing flood damage, mold, or foundation issues common in Lexington, selling for cash can bypass these costs.
- Traditional sale stress: You’re not inclined to manage showings, negotiations, or the extended sales cycle often seen in conventional real estate transactions.
- Discreet transaction: You’d rather sell off-market for reasons of privacy, sidestepping the public gaze that comes with listing your home.
- Unwanted inheritance: Perhaps you’ve inherited a property in Lexington, and you’re looking for a hassle-free sale rather than becoming a long-term landlord or homeowner.
- Tenant troubles: You’re a landlord tired of managing a problematic tenant or are just done with the rental business.
- Downsizing move: Aging homeowners or their families might choose a fast cash sale to simplify downsizing and transitioning into assisted living or other care facilities.
- Remote home sale: Selling from out -of-state can be logistically challenging, but a quick cash sale eliminates the complications of traveling back and forth for home prep and showings.
A cash sale is an appealing solution for many of the scenarios we’ve listed above. But to feel fully confident about using a We Buy Houses company in Lexington, you’ll want to weigh the pros and cons and review all your selling options.
Pros and cons of house-buying companies in Lexington
We Buy Houses for Cash companies in Lexington offer fast cash offers and a streamlined process, making them appealing to homeowners who want to sell quickly. The trade-off, however, is that you may walk away with less profit than you would through a traditional market sale.
Because of this, the approach isn’t always the best fit for every seller. Understanding the pros and cons beforehand can help you decide with confidence whether this option matches your needs.
Pros
The allure of house-buying companies often revolves around their promise of speed and the convenience of selling a property as-is. Here are the standout benefits:
- Swift transactions: With these companies, there’s no waiting for buyer mortgage approvals or potential deal fall-throughs, as transactions can often conclude in mere days or weeks.
- No repairs needed: Your house is purchased in its current condition. You don’t have to spend money or time on repairs or upgrades.
- More certainty: A house-buying company can provide a firm cash offer that comes with no contingencies, allowing sellers to plan with more confidence.
- Simple, transparent processes: Generally, these companies have streamlined, straightforward processes without commissions.
- No marketing efforts needed: You won’t have to worry about open houses, staging, or marketing materials. You can bypass the traditional listing process and move ahead with your life plans.
Cons
While the benefits are clear, there are potential drawbacks, with perhaps the most evident being the compromise on price and proceeds. Here’s what to consider:
- Lower offers: House-buying companies aim for profit, so they usually pay below market value compared to traditional listings.
- Less negotiation room: Most offers are fixed. Unlike selling on the market, you won’t have the opportunity to negotiate a better price or benefit from a bidding war among buyers.
- Lack of personal touch: A cash sale with these companies can feel more transactional and less personal than working with a dedicated real estate agent.
- Pressure tactics: Knowing that some homeowners are desperate for instant cash, some unscrupulous players present extremely low offers and pressure clients to accept.
- Scam risks: There’s a risk of falling victim to house-buying scams or dishonest operators, which is why it’s important to research the company thoroughly before committing to anything.
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 a cash offer, it’s crucial to vet the company thoroughly. The level of service and integrity you experience from a house-buying company can vary, so make sure to:
- Research market presence: Investigate how long the company has been buying homes in your area and how they’ve performed in the market.
- Check reviews: Look for online reviews and ratings to see what other sellers have said about their experience with the company.
- Ask for referrals: Go beyond reviews and ask actual clients to get a better sense of the company’s reputation and trustworthiness.
- Examine the agreement: Before signing anything, read the buying agreement carefully to ensure you fully understand the terms and conditions of the sale.
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 Lexington. 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 Lexington home quickly
Working with iBuyers
Instant buyers or iBuyers use automated valuation models (AVMs) to swiftly provide home value estimates, streamlining the online home sale process. Companies like Opendoor and Offerpad make close-to-market-value all-cash offers for well-maintained homes, closing in days to two weeks.
However, be mindful of their service fees, which range from 5% to 6% of the home’s sale price. iBuyer companies work best for homes in standardized housing markets that are in good condition.
Listing with an agent
In seller-friendly housing markets, a top agent can facilitate quick sales, especially with the right pricing and marketing strategies. Selling traditionally often garners higher prices, especially with elite agents. In fact, data from HomeLight indicates that top-tier agents in Lexington can fetch up to 10% more for homes than average agents.
An added benefit is the comparative market analysis (CMA) that agents offer, which helps evaluate your home’s worth in comparison to recent local sales. This report, typically provided at no cost, gives valuable perspective on listing prices and potential sale speed. Moreover, seasoned agents might introduce you to buyers ready to make near-market-value cash offers.
If you’re considering listing your property, HomeLight can connect you with top agents in Lexington, ensuring you make informed choices.
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), 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 Lexington Colonial could sell for $355,000 after repairs, but it’s going to need $30,000 of work to get there.
($355,000 x .70) – $30,000 = $218,500
In this example, a Lexington We Buy Houses company might offer you around $218,500 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 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 Lexington 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 companies 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. 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 | 69 days average; 28 to attract an offer, 41 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary fixes, 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 an agent-assisted sale.
Let’s say your home in Lexington is currently worth about $325,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $355,000.
| Sell to a We Buy Houses for Cash company in Lexington | Sell with a top Realtor in Lexington | |
| Estimated sale price | ($355,000 x .70) – $30,000 = $218,500 | $325,000 |
| Market preparations | 0 | $3,250 (1% of the sale price) |
| Agent commissions | 0 | $9,750 (3% of the sale price) |
| Closing costs | 0 | $4,875 (1.5% of the sale price) |
| Estimated take-home for seller | $218,500 | $307,125 |
Agent commission changes
*In March 2024, the National Association of Realtors (NAR) announced a landmark lawsuit settlement that changed the way real estate agent commissions are handled. These changes started in August 2024 and have “decoupled” seller and buyer agent compensation. Buyers are now responsible for paying their own Realtor fees. However, in many markets, sellers are still offering to pay the buyer’s agent commissions.
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
- Fast, as-is transaction: Cash-for-homes companies in Lexington offer speedy sales and purchase properties in their existing condition, eliminating the need for repairs.
- Lower offers: These companies typically offer less than market value for homes, which is their trade-off for speed and convenience.
- Due diligence: It’s crucial to research and vet each house-buying company in Lexington for trustworthiness and reliability.
- Quick sale options: iBuyers and real estate agents provide alternatives to traditional house-buying companies, each with its own set of advantages.
- Home valuation insights: Before committing, assess your home’s worth, either through a comparative market analysis or a consultation with a top Lexington agent.
If you’re contemplating partnering with a We Buy Houses company in Lexington, be proactive in seeking multiple offers. Weigh all your options, know your home’s value, and consider the long-term implications. For an in-depth understanding of your property’s potential on the market, both in terms of price and time-to-sale, consult with a top Lexington agent.
At HomeLight, we’re happy to lend a guiding hand in navigating 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 Lexington agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of 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: (benkrut / deposit photos)
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