5 Top We Buy Houses for Cash Companies in Mobile
- Published on
- 15 min read
-
Joseph Gordon EditorClose
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” Mobile companies offer a unique solution for homeowners looking to sell quickly. They often present all-cash offers for properties that may need extensive repairs and for sellers in challenging situations. If you lack the resources for fixes, need to access the equity in your home immediately, or simply need to dispose of the property, these companies could be the answer.
This post aims to guide you through the benefits and drawbacks of using a cash-for-homes company in Mobile. It will help you navigate your choices with confidence and make an informed decision about selling your property.
Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses. Available to sellers throughout Mobile, Al.
Sell Your Mobile House Fast With a Cash Offer
Working with house-buying companies in Mobile
Partnering with a house-buying company in Mobile lets you move quickly. Here’s a straightforward guide on the process of selling your home for cash:
- Research companies: Start by looking into reputable house-buying companies in Mobile that are known for fair dealings and positive reviews. This initial step ensures you’re engaging with a trustworthy partner.
- Request an offer: Contact the company to express your interest in selling and provide them with details about your property. Most companies can give you a preliminary offer based on this information.
- Schedule a visit: The company will likely want to inspect your property to assess its condition and finalize their offer. This visit is usually quick and requires minimal preparation on your part.
- Review the offer: Once the company makes an offer, take your time to review it. Remember, these companies typically present a firm offer with little to no room for negotiation.
- Accept the offer: If the offer meets your expectations and needs, you can accept it to proceed with the sale.
- Close the sale: The final step involves closing the transaction, which can often be completed in a matter of days. At closing, you’ll sign the necessary paperwork and receive the cash for your home.
Popular We Buy Houses for Cash companies in Mobile
If the process of selling to a house-buying company in Mobile 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 Spanish Colonial or Victorian housing style. By working with one of these companies, you should be able to sell your Mobile home in as little as a week or two.
Hapa Homebuyers
Hapa Homebuyers offers fast and flexible options for those looking to sell quickly without repairs or staging. With a fair, no-pressure cash offer, the company helps homeowners facing liens, property issues, or urgent relocations. Every property is considered, regardless of condition. Most sales are completed in as little as five days.
Locations: Mobile and surrounding counties, such as Pensacola and Baldwin
Closing costs: Sellers pay no closing costs; Hapa Homebuyers covers them.
Accredited by the Better Business Bureau (BBB) since 2023, Hapa Homebuyers is a trusted name in the local house-buying industry, especially with its A+ rating. Thanks to various positive customer testimonials, its Google Business Profile has a 5-star rating.
Clients consistently describe their experience as exceptional, often emphasizing the team’s reliability and positive attitude. Many feel reassured by the level of care and professionalism provided throughout the process, noting that they felt fully supported from start to finish.
Website: hapahomebuyers.com
Phone number: 251-312-5100
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Mobile (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 Mobile.
With this 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 Mobile
Closing costs: No prep costs, agent commissions, or 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 received its 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
Yellowhammer Investment Group
Yellowhammer Investment Group offers a personalized and efficient home-selling experience for Mobile property owners. The team provides fair cash offers within 24 hours and allows sellers to choose their preferred closing date, which is especially helpful for those facing urgent situations like foreclosure.
Property condition and tenant issues are not a barrier, as the company takes care of repairs and occupant matters after the purchase. Prioritizing client needs, Yellowhammer Investment Group strives to make each transaction smooth, respectful, and stress-free.
Locations: Mobile and surrounding areas, such as Theodore, Spanish Fort, Grand Bay, and Irvington
Closing costs: Sellers pay no closing costs; Yellowhammer Investment Group covers them.
With a focus on reliability and accountability, Yellowhammer Investment Group earned BBB accreditation in 2017 and now holds an A+ rating. It has an average score of 4.4 stars on Google reviews.
Clients often highlight the team’s strong understanding of the Mobile and Baldwin County markets, appreciating the guidance and fairness they bring to each transaction. Many see the team as trusted partners in their real estate journey.
Website: yellowhammerhomes.com
Phone number: 251-220-5960
251HomeBuyers.com
251HomeBuyers.com is a trusted real estate investment company headquartered in Mobile, Alabama, offering efficient home-selling solutions to local property owners. The team is known for delivering prompt, all-cash offers, often within just 24 hours of receiving basic property information.
Their process eliminates the usual delays tied to traditional home sales, including repairs, listings, and showings. In many cases, transactions can be finalized in as little as seven days, making it an ideal option for those seeking speed and certainty.
Locations: Mobile and surrounding areas, such as Saraland, Semmes, and Daphne
Closing costs: Sellers pay no closing costs; 251HomeBuyers.com covers them.
251HomeBuyers.com has a 5.0-star Google rating, based on a limited number of reviews. Clients commend the company for delivering a seamless and stress-free selling process. They note the competitive prices, clear and responsive communication, and a thoughtful, client-first approach.
Website: 251homebuyers.com
Phone number: 251-706-6395
RHED Key Properties
Backed by years of experience and a strong local network, RHED Key Properties helps homeowners navigate a wide range of real estate challenges. Each situation is handled with care, and personalized guidance is offered throughout the process.
By purchasing properties directly, they eliminate the usual delays and complexities of a traditional sale. Sellers typically receive a no-obligation cash offer within 24 hours.
Locations: Mobile and surrounding areas, such as Alabaster, Haleyville, Phenix, and Trussville
Closing costs: Sellers pay no closing costs; RHED Key Properties covers them.
Recognized by the BBB since 2023, RHED Key Properties earned an A+ rating from the bureau. It receives praise from various clients and holds a 4.9-star rating on Google.
Reviewers consistently commend the company for its fast, professional service, with many highlighting the smooth and efficient process throughout. They mention the fair offers provided and appreciate the company’s flexibility, especially when working around personal challenges like moving to another state.
Website: rhedkey.com
Phone number: 256-537-8951
Why sell your Mobile house for cash?
Many homeowners in Mobile choose to work with a Cash-For-Homes company because it offers key benefits like a quick sale, a guaranteed offer, and added convenience.
In Mobile, selling a home on the open market using an agent typically takes around 93 days. That includes an average of 53 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 Mobile, 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 situations where choosing a house-buying company could be your best option:
- Job relocation: If a new job requires you to move quickly, a cash sale offers a fast and efficient solution.
- Divorce settlement: Selling to a house-buying company can simplify dividing assets and provide a fresh start during a divorce.
- Unwanted inheritance: When you’ve inherited a property, selling it for cash can quickly resolve any financial or emotional burdens.
- Downsizing transition: For those looking to downsize, selling your home for cash can make the transition to a new, smaller home or retirement community easier.
- Major repairs needed: If your home is in poor condition and requires significant repairs, such as foundation problems, a cash sale can save you from the hassle and expense.
- Open house stress: Selling for cash means you can skip the inconvenience of staging your home and hosting multiple open houses.
- Foreclosure solution: If you’re facing foreclosure, a quick cash sale might offer a way to settle debts without further damaging your credit score.
- Problematic tenants: Selling for cash is an effective way to move on from problematic rental properties without tenant eviction headaches.
- Remote home sale: For homeowners living elsewhere, a cash sale offers a straightforward way to sell from out of state without the need to return.
Pros and cons of house-buying companies in Mobile
Selling your Mobile, Alabama, home for cash has several pros and cons. Here are some of the main benefits to consider, along with some of the primary drawbacks:
Pros:
- Speedy sale: The top advantage is the ability to close quickly, often within days, which is ideal for those needing to relocate or access funds rapidly.
- No repairs needed: Sellers can bypass the usual prep work and repairs because companies buy homes as-is, offering convenience and savings.
- Simple process: Without the need for staging, showings, or extensive marketing, the sale process is significantly streamlined.
- Fewer contingencies: Eliminating common sale contingencies speeds up the process and reduces sale fall-through risk.
Cons:
- Lower offers: Offers from these companies are typically below market value, reflecting the trade-off for convenience and certainty.
- Scam risks: The market has its share of house-buying scams, which is why it’s important for sellers to perform due diligence to verify company legitimacy.
- Limited negotiation: The price offered is usually final, giving sellers little leverage to negotiate better terms.
- Less profit: The convenience of a quick sale often means receiving less profit than what might be achieved on the open market, where bidding wars can drive up price.
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.
Curious What Your Home Is Worth?
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 wholesalers. Your experience depends on the character of the person or group making the offer.
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.
- Understand the terms: Read the buying agreement carefully before signing.
- Consult an expert: An experienced local agent can give you a better idea of what your home might be worth if sold on the open market and help you determine if it’s worth pursuing with a cash offer. HomeLight can connect you with a top-performing agent in your market. You can also try our Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Mobile home quickly
Working with iBuyers: Instant buyers, or iBuyers, use automated valuation models (AVMs) to make quick, all-cash offers close to market value for homes in good condition.
The process is fast, with sales closing in days to weeks, but the service fees range from 5% to 6%. Partnering with major iBuyer companies like Opendoor and Offerpad is best for sellers in areas with uniform housing markets.
Listing with an agent: While not as instant, selling through a top real estate agent in a seller-friendly market can also lead to a quick sale. A major advantage is the potential for higher selling prices, supported by strategic pricing and marketing.
Agents offer a comparative market analysis (CMA), which is often free, to set competitive listing prices. For those exploring agent representation, HomeLight can connect you with a top-performing agent in your area, potentially leading to cash offers close to market value.
Choosing between iBuyers and agents depends on your need for speed, the condition of your property, and whether maximizing sale price or convenience is your priority.
FAQs on Mobile house-buying companies
By and large, most We Buy Houses for Cash companies in Mobile 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 Mobile 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 Mobile Spanish Colonial home could sell for $230,000 after repairs, but it will need $20,000 of work to get there.
($230,000 x .70) – $20,000 = $141,000
In this example, a Mobile We Buy Houses company might offer you around $141,000 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 Mobile 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 the offer 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 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 any hidden program fees might impact your bottom line.
- Research and vet the house-buying companies that serve your Mobile 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 Mobile vs. top Mobile 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 Mobile | Sell with a top Realtor in Mobile |
| Selling timeline | 7 to 30 days | 93 days average; 53 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 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 Mobile is currently worth about $210,000 and needs about $20,000 in repairs. Once the repairs are completed, the home might be worth around $230,000.
| Sell to a We Buy Houses for Cash company in Mobile | Sell with a top Realtor in Mobile | |
| Estimated sale price | ($230,000 x .70) – $20,000 = $141,000 | $210,000 |
| Market preparations | 0 | $2,100 (1% of the sale price) |
| Agent commissions | 0 | $6,300 (3% of the sale price) |
| Closing costs | 0 | $3,150 (1.5% of the sale price) |
| Estimated take-home for seller | $141,000 | $198,450 |
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 to a Cash-For-Homes company in Mobile can offer a rapid, straightforward sale process.
- As-is sale: You can sell your property as it is, avoiding the cost and time of repairs and renovations.
- Lower offers: Be prepared for offers that might be below the market value of your home.
- No staging or showings: Eliminate the hassle of preparing your house for sale and dealing with potential buyers walking through.
- Due diligence: Take the time to investigate potential house-buying companies to avoid scams and ensure you’re dealing with reputable buyers.
- Selling alternatives: Weigh the pros and cons of selling to a cash buyer versus listing with a top-performing agent or partnering with iBuyers.
- Home valuation: Know your property’s estimated market value before you proceed with a cash-offer company.
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 Mobile 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: (Curtis Adams / Pexels)
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.