6 Top We Buy Houses for Cash Companies in Mississippi
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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.
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Sam Dadofalza, Associate Refresh EditorClose
Sam Dadofalza Associate Refresh EditorSam Dadofalza is an associate refresh editor at HomeLight, where she crafts insightful stories to guide homebuyers and sellers through the intricacies of real estate transactions. She has previously contributed to digital marketing firms and online business publications, honing her skills in creating engaging and informative content.
When facing unexpected or urgent life changes, selling your Mississippi property may seem intimidating. If you’re keen on a quick sale, “We Buy Houses” Mississippi companies can be a helpful solution, especially if your home needs fixing.
These businesses offer a cash option for those who don’t have the time or funds to deal with repairs and preparations. But is asking for a cash offer the right decision for your home?
This guide will walk you through the process and discuss the benefits and drawbacks of selling your home for cash so you can decide if working with a house-buying company suits your needs and goals.
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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 Mississippi “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Mississippi
Stepping into the world of house-buying companies in Mississippi might seem intimidating, but the process is more straightforward than you might think. For homeowners in Mississippi craving a quick home sale, here’s the typical process you can expect:
- Research potential companies: Before reaching out, do your homework. Look up reputable house-buying companies in Mississippi, read reviews, and ensure they have a solid track record.
- Reach out and describe your home: Contact your chosen company and provide them with information about your property. This will include its condition, location, size, and other relevant details.
- Schedule a property visit: Most companies want to inspect your property in person. This allows them to assess its condition and finalize their offer.
- Receive a cash offer: After evaluating your home, the company will present you with a cash offer. Remember, this is typically a take-it-or-leave-it deal with limited room for negotiation.
- Accept or decline the offer: It’s your decision. Weigh the offer against your needs and circumstances, and then choose to accept or move on.
- Close the deal: If you accept the offer, the company will handle most of the paperwork and logistics. You can then finalize the sale and receive your cash, often in just a few days to two weeks.
Popular We Buy Houses for Cash companies in Mississippi
If the benefits of selling to a house-buying company in Mississippi sound 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’ craftsman bungalow or single-story ranch. By selling to one of these companies, you should be able to sell your Mississippi home in as little as a week or two.
MS Home Buyers
MS Home Buyers is a family-owned house-buying company that provides solutions for homeowners faced with foreclosure, divorce, a run-down or vacant property, and other difficult situations that require a fast cash sale. Founded in 2002, MS Home Buyers purchases houses every day of the week and typically makes a cash offer within 24 hours. Closing takes place in only seven days or on the seller’s time frame, sometimes on the very same day. Other services include lease-option and owner-financing programs.
Locations: Based in Hattiesburg, Mississippi, MS Home Buyers purchases houses in Tupelo, Jackson, Biloxi, Oxford, and surrounding areas. See the full list of locations on the company’s website.
Closing costs: Sellers pay no closing costs; MS Home Buyers covers them.
MS Home Buyers has been BBB accredited since 2022 and holds an A+ rating. Customer reviews for MS Home Buyers speak to the company’s professionalism and honesty. They express being satisfied with the offer price and fast, easy selling process. One reviewer notes that “they take care of everything just as they say they will.” The company has a 5.0 Google review rating.
Website: cashhomesms.com
Phone number: 601-336-1835
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Mississippi (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 Mississippi.
With Simple Sale, you can get an 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 Mississippi
Closing costs: No prep costs, no agent commissions, and no 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 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
Southern Properties United
Established in 2007, Southern Properties United is a veteran-owned home-buying business that meets the needs of sellers looking for a quick cash sale when dealing with challenging situations such as foreclosure, divorce, or a dilapidated property. With a cash offer usually presented within 24 hours, closing occurs in as few as seven days or on the seller’s timeline. In some cases, you’ll get your money the same day. Lease-option and owner-financing programs are also available.
Locations: Southern Properties United serves homeowners seeking a fast cash sale in Biloxi, Mississippi and surrounding areas, including Moss Point, Gautier, and Vancleave. Search on the website to find out if the company operates in your Mississippi location.
Closing costs: Sellers pay no closing costs; Southern Properties United covers them.
Southern Properties United has been BBB accredited since 2021 and holds an A+ rating in addition to 4.0 stars on Google. Customer reviews on Google for Southern Properties United speak to the company’s professionalism, transparency, and openness to negotiation. They comment about the firm’s flexibility with regard to move-out and closing dates. However, one complaint mentioned unsolicited texts about selling their home.
Website: southernpropertiesunited.com
Phone number: 228-338-3807
Atlas Property Investors
Founded in 2020, Atlas Property Investors is a relative newcomer to the Mississippi cash homebuying landscape. The company states that its three key pillars are “integrity, teamwork, and helping others.” After conducting a professional home inspection of the property, Atlas Property Investors says it will present a “transparent and fair” offer. Closing occurs within 10 days.
Locations: Atlas Property Investors buys homes throughout the state of Mississippi, including Brandon, Byram, Canton, Clinton, Florence, Flowood, Jackson, Madison, Pearl, Ridgeland, Richland, and Whitfield.
Closing costs: Sellers pay no closing costs; Atlas Property Investors covers them.
Atlas Property Investors has been BBB accredited since 2022 and holds an A+ rating. Rated 4.3 stars on Google, customer reviews for Atlas Property Investors describe the selling process as easy, flexible, smooth, and worry-free. They commend the company for its professionalism and fair offers. One complaint notes that Atlas Property Investors reduced the price after the inspection even though the contract had been signed.
Website: atlaspropertyinvestors.com
Phone number: 601-202-5183
Keen Home Buyers
Keen Home Buyers is a local home-buying company based in Jackson, Mississippi. The firm provides solutions for homeowners who are facing foreclosure, going through divorce, looking to sell an inherited property, or dealing with another hardship that requires a quick cash sale. After submitting a short online property information form, the seller will receive an offer within 24 to 48 hours if the home meets the firm’s buying criteria. With a flexible closing date that accommodates the owner’s schedule, Keen Home Buyers has the ability to close on a property in 15 days.
Locations: Keen Home Buyers pays cash for properties throughout the Jackson metro area of Mississippi and other parts of the state.
Closing costs: Sellers pay no closing costs; Keen Home Buyers covers them.
Keen Home Buyers has a 5-star rating on Google. Customer reviews for Keen Home Buyers speak to the company’s professionalism and pricing strategy, with several reviewers praising what they call a “win-win for both parties.” They describe the selling process as fast, easy, and stress-free.
Website: keenhomebuyers.com
Phone number: 601-336-1060
BiggerEquity
BiggerEquity is a nationwide house-buying company that began operations in 2016. The company has purchased more than 1,000 Mississippi homes in the past six years. The BiggerEquity team strives to provide solutions for homeowners dealing with problems such as foreclosure, divorce, or medical crises. The company says it can make a cash offer in as little as seven minutes and can close in as few as seven days. They provide a variety of additional services, including arranging relocation to a new home, preventing foreclosure, legal assistance, and credit counseling.
Locations: BiggerEquity buys houses throughout Mississippi, including Jackson, Clinton, Gulfport, Biloxi, Southaven, Olive Branch, Horn Lake, Hattiesburg, Meridian, Tupelo, Greenville, Pearl, Madison, Starkville, Oxford, and Vicksburg. The company serves homeowners in all 50 U.S. states.
Closing costs: Sellers pay no closing costs; BiggerEquity covers them.
BiggerEquity has been BBB accredited since 2018 and holds an A+ rating as well as 4.8 stars on Google. Customer reviews on Google for BiggerEquity speak to a smooth, transparent, and up-front process without any pressure or surprises. They commend the company for its professionalism, integrity, and accessibility. BiggerEquity operates in all 50 states, so local reviews may vary by office location.
Website: biggerequity.com/mississippi
Phone number: 866-333-8377
Why sell your Mississippi house for cash?
There are plenty of valid reasons a Mississippi home seller may choose to work with a Cash-For-Homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Mississippi, it typically takes around 97 days to sell a home on the market using an agent. That includes an average of 54 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 Mississippi, 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 why home sellers in Mississippi might lean toward using these companies over traditional property listings.
- Mississippi weather woes: Your home suffered damage from unpredictable Mississippi storms, making it challenging to sell through regular channels.
- Urgent life transitions: Whether it’s a sudden job change, divorce, pressing health concerns, or unexpected family matters, life’s curveballs can necessitate a quick sale.
- Lack of repair resources: You understand that your home requires attention but you lack the funds or inclination for refurbishment.
- Avoiding home sale hassles: The prospect of home staging, open houses, and back-and-forth negotiations isn’t appealing to you.
- Seeking discreet sales: You prefer a private, under-the-radar transaction, keeping your business away from public eyes.
- Foreclosure looming: Facing the daunting shadow of foreclosure, you’re looking to resolve matters before they escalate.
- Inherited property burdens: An inherited house, while a legacy, sometimes becomes more of a burden than a boon.
- Landlord woes: The challenges of property management have worn you out, or you’re eager to cut ties with a problematic tenant.
- Elderly transitions: As age advances, you or a loved one might be transitioning to assisted living, which entails downsizing and selling the current home quickly.
- Out-of-state dilemmas: Living outside Mississippi and having a property in the state might push you towards a hassle-free cash sale.
Facing any of the situations above? A We Buy Houses for Cash company might be the lifeline you need. However, while these firms offer extraordinary convenience, it’s crucial to be well-informed about both the advantages and disadvantages of working with these cash-buying entities and to know all your options.
Pros and cons of house-buying companies in Mississippi
Navigating the waters of house-buying companies in Mississippi can be a bit murky. To bring clarity to your decision, it’s essential to weigh both the advantages and disadvantages.
The upside
The allure of house-buying companies lies primarily in their promptness and flexibility. Their swift processes and willingness to accept homes in any condition can be a boon for many. Here’s a snapshot of their advantages:
- Speedy transactions: House-buying companies in Mississippi typically finalize deals much faster than traditional real estate sales.
- No repairs needed: You’ll be able to sell your home as-is, saving you the hassle and expense of making repairs or staging.
- Simple process: With fewer steps and less paperwork, it’s a relatively hassle-free process.
- Immediate cash: Once the deal is sealed, you’ll have quick access to your proceeds without the usual waiting period of traditional sales.
The downside
Every rose has its thorns. The most significant drawback is the likely compromise on your home’s worth. Let’s break down the cons:
- Below-market offers: Typically, you’ll receive less than the market value compared to selling traditionally with a seasoned agent.
- Limited negotiation: Offers from these companies are often take-it-or-leave-it, leaving little room for negotiation and no opportunities for a buyer bidding war.
- Chance of pressure tactics: While most We Buy Houses companies in Mississippi strive for a win-win solution, there is a chance of getting involved with a group that applies pressure tactics to take advantage of your urgent situation.
- Potential for scams: As with any industry, there are fraudulent players. Ensuring you work with a reputable company is crucial to avoiding falling for homebuying scams.
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 you’re making a significant decision, like selling your Mississippi home, every detail counts. The experience and outcome with a We Buy Houses for Cash company hinge significantly on the entity behind the offer. Just as homes vary in quality and value, so do these companies in integrity and service.
Before you ink any deal, it’s imperative to vet your chosen company rigorously. Dive into reviews, scour testimonials, and investigate their market presence and track record. Equally crucial is to peruse the buying agreement meticulously.
HomeLight suggests you consult with a top Mississippi 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 an experienced local agent might be able to get for your home. HomeLight can connect you with a top-performing Realtor in your area.
You can also use HomeLight’s free Home Value Estimator right now to get an initial ballpark estimate in less than two minutes.
Other options to sell your Mississippi home quickly
iBuyers
iBuyers, or instant buyers, emerged in the mid-2010s and use algorithmic technology to make swift offers on homes. While they offer similar conveniences as other house-buying firms, iBuyers primarily target homes in better condition. Their offers are typically closer to market value, often around 90%.
However, big players like Opendoor and Offerpad can charge service fees of 5%-6%. iBuyers best suit sellers with properties in good condition in uniform housing areas.
Listing with an agent
Considering a real estate agent can be beneficial, even when you’re focused on a speedy sale. If your home is in a seller-friendly market, a top agent can often ensure a quick sale with strategic pricing and marketing. Selling through an agent generally fetches a higher price; top agents can often secure up to 10% more than average agents, according to HomeLight data.
Agents offer a comparative market analysis (CMA) to help gauge your home’s value, aiding in pricing decisions. Many agents offer CMAs for free with a consultation appointment.
Moreover, a plugged-in agent might connect you with cash buyers offering nearer market value. If you’re leaning toward this route, HomeLight can introduce you to a top real estate agent in your Mississippi city.
FAQs on Mississippi house-buying companies
By and large, most We Buy Houses for Cash companies in Mississippi 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 Mississippi 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 Mississippi ranch home could sell for $271,200 after repairs, but it’s going to need $30,000 of work to get there.
($271,200 x .70) – $30,000 = $159,840
In this example, a Mississippi We Buy Houses company might offer you around $159,840 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 Mississippi 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 the offer is accepted. On the other side, 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 Mississippi 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 Mississippi vs. top Mississippi 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 Mississippi | Sell with a top Realtor in Mississippi |
| Selling timeline | 7 to 30 days | 97 days average; 54 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 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 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 Mississippi is currently worth about $271,200 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $296,200.
| Sell to a We Buy Houses for Cash company in Mississippi | Sell with a top Realtor in Mississippi | |
| Estimated sale price | ($296,200 x .70) – $25,000 = $182,340 | $271,200 |
| Market preparations | 0 | $2,712 (1% of sale price) |
| Agent commissions | 0 | $8,136 (3% of sale price) |
| Closing costs | 0 | $4,068 (1.5%) |
| Estimated take-home for seller | $182,340 | $ 256,284 |
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 Mississippi 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
- Understand your options: Whether it’s iBuyers, traditional agents, or house-buying companies, research and choose the best fit for your situation.
- Speed vs. price: House-buying companies offer quick sales but often below market value; iBuyers can give nearer market offers but with fees, while agents might yield the highest return.
- Vet carefully: The experience with house-buying companies varies. Before accepting a cash offer, review the company’s reputation and the terms of their agreement.
- Know your property’s worth: It’s helpful to consult a local real estate agent for a comparative market analysis. This helps gauge your home’s value, ensuring you’re making informed decisions.
- Weigh the pros and cons: Each option to sell your home comes with benefits and drawbacks. Reflect on what’s paramount for your situation: speed, profit, convenience, or a blend.
In conclusion, if you’re considering a Mississippi We Buy Houses company, it’s wise to gather multiple offers and thoughtfully consider your choices.
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 Mississippi agent.
Header Image Source: (tiagofernandez / Deposit Photos)
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