5 Top We Buy Houses For Cash Companies in New Jersey
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Melissa Holtje Contributing AuthorClose
Melissa Holtje Contributing AuthorMelissa enjoys using her experience as a house flipper, investment buyer, and waterfront home owner to help buyers and sellers thrive in the housing market. When not scouting real estate, you’ll most likely find her at the beach.
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Taryn Tacher Senior EditorClose
Taryn Tacher Senior EditorTaryn Tacher is the senior editorial operations manager and senior editor for HomeLight's Resource Centers. With eight years of editorial and operations experience, she previously managed editorial operations at Contently and content partnerships at Conde Nast. Taryn holds a bachelor's from the University of Florida College of Journalism, and she's written for GQ, Teen Vogue, Glamour, Allure, and Variety.
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.
We Buy Houses companies in New Jersey make all-cash offers for homes that often need some work, enabling sellers who lack the time, expertise, and money for repairs to move quickly and receive the cash proceeds from their home sooner if they need it.
Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process. Or perhaps your parents are ready to trade in the snowy winters of Newark for the endless summers of Fort Lauderdale, but they can’t make renovations on their aging row house.
Need to Sell Your House Fast in New Jersey?
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 in New Jersey.
If you need to sell your New Jersey home quickly, a We Buy Houses for Cash company could be the best solution. However, before you request a cash offer, it’s important to understand how much a New Jersey house-buying company might offer for your home and weigh your options. Once you’re familiar with the process, you can opt to select a company on our list of some of the top contenders and get moving.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of New Jersey “we buy houses” companies should not be considered an endorsement.
Working with house-buying companies in New Jersey
We Buy Houses companies in New Jersey typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. They tend to target distressed properties in need of repairs and work with sellers who need to move ASAP.
Here’s how the process generally works:
- You request an offer and provide the company with some information about your home. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property.
- The company completes a walk-through of your property, usually within 24 to 48 hours.
- The company makes a firm offer (usually within 24 hours, sometimes on-site after the walk-through) which you can accept or decline. Most of these companies will not negotiate on price, so the offer is a take-it-or-leave-it scenario.
- If you accept the offer, you’ll both sign a contract and the closing process will begin. Some companies offer a large deposit or moving cost assistance, and a few may even pay for the home upfront.
- Closing and getting paid is quick, typically within seven days to a few weeks. This can vary by company, and sellers who work with a house-buying company often enjoy flexibility in selecting a move-out date that works for them.
Popular We Buy Houses for Cash companies in New Jersey
If these benefits of selling to a house-buying company in New Jersey 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 cabin near Kittatinny Mountain or your parent’s Cape Cod in Cape May. By selling to one of these companies, you should be able to sell your New Jersey home in as little as a week or two.
Note: Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. HomeLight always recommends doing your own research to determine which selling option is best for your situation.
We Buy NJ Real Estate
We Buy NJ Real Estate was founded in 2003 as an investment company. In the years since then, the company developed a mission to revitalize both homes and communities. According to their customer reviews, they seem to live up to their motto: New Jersey Home Buyers That Care.
The process at We Buy NJ Real Estate is very seller-centric. An initial phone call is set up to answer any questions that the seller may have and offer an estimated sale price for the deal. If the seller is on board, an appointment is made within 24 hours to firm up the offer. Closing dates are set at the seller’s discretion, and they can have cash in hand within 7 days.
Locations: Throughout New Jersey
Closing costs: No closing fees for sellers.
We Buy NJ Real Estate has been BBB accredited with an A+ rating since 2011. They also have a five-star Google business rating, with customers attesting to the high level of care and service that We Buy NJ Real Estate put into the process. Testimonies include sentiments of thankfulness for both the ease and quality of their transactions.
webuynjrealestate.com
Phone: 908-320-7995
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in New Jersey (and across the country) can request a cash offer for their home. Simple Sale has a network of cash buyers on its platform, and 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 New Jersey. With Simple Sale, you can get an all-cash offer in 24 hours and sell your home in as little as 10 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including New Jersey
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 is BBB accredited and A+ rated with a customer review rating of 4.72 stars out of 5, and has 4.6 stars on Google based on more than 500 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.
homelight.com/simple
Phone: 844-488-8455
Halo Homebuyers
Halo Homebuyers has been in business since 2011. The company prides itself on taking care of their clients from start to finish; the founder’s self-appointed title is “Customer Experience Enthusiast.”
While potential sellers can get a ballpark valuation quickly, Halo solidifies offers only after an in-person or video walkthrough. Closing is scheduled at the seller’s discretion, whether that be one week or several months. They even allow sellers to leave unwanted items on the premises for disposal. After closing, Halo Redevelopment, the construction branch of their business, comes in to rehab the property.
Locations: Throughout New Jersey and nearby Pennsylvania
Closing costs: No closing costs for sellers.
Halo Homebuyers has been BBB accredited since 2016, with an A+, five-star rating. Customer reviews for Halo speak to their considerate professionalism. Reviewers attest to a no-pressure, helpful attitude toward customers as well as financial offers that outshine competitors.
halohomebuyers.com
Phone: 908-547-0404
DNT Home Buyers
DNT Home Buyers has been doing business for seven years, with hundreds of home deals under their belt. Their no-nonsense, no-lowball business model was born out of a desire to put sellers at ease about a potentially confusing experience.
DNT can have cash in hand within seven days, and they offer up-front deposits or cash advances to sellers to prove their commitment to the deal.Their process is similar to other cash-offer companies, with an initial estimate and a phone call appointment to solidify the offer.
Locations: Throughout New Jersey
Closing costs: Sellers pay no closing costs.
DNT Home Buyers is BBB accredited with an A+ rating since 2019. They have a five-star rating on Google based on close to thirty very positive reviews. Customer testimonials speak about the patience and can-do attitude of the DNT team; many reviews give examples of difficult situations (such as fire or insurance issues) that the company helped them solve.
dnthomebuyers.com
Phone: 732-352-9065
Cash Buyer New Jersey
Cash Buyer New Jersey has been in business for six years. The owners are second generation New Jerseyians, and thus demonstrate a care for their communities that goes beyond financial investment.
The selling process at Cash Buyer New Jersey is straightforward, with the same slim due diligence and closing periods as other cash-offer businesses. They specialize in short sales, so sellers who have fallen behind on mortgage payments may take extra interest in their expertise. Once the deal is closed, they work with investors to either resell or rent the property.
Locations: Throughout New Jersey
Closing costs: Cash Buyer New Jersey pays the closing costs
Cash Buyer New Jersey has an A+ BBB rating, and they’ve been accredited since 2021. Google ratings are all five stars, though some reviews are for their associated rentals. Customer reviews for the cash buying side of the business speak to a hassle-free experience, fair offers, and quick closings. The overall impression from all reviews is one of courteous, responsive customer service.
cashbuyernewjersey.com
Phone: 201-472-3554
Why sell for cash in New Jersey?
There are plenty of reasons a New Jersey seller may choose to go the Cash-For-Homes route, speed and certainty being chief among them.
In New Jersey, it typically takes around 53 days to sell a home on the market using an agent. That includes 11 days on the market, plus the typical 42 days a buyer needs to close on a purchase loan.
Compare that to the typical seven days promised by many We Buy Houses for Cash companies in New Jersey, and you can see why these companies remain popular, even though they don’t always offer top dollar.
Not every seller has months to prep, market, show, and close. Let’s look at some common reasons New Jersey sellers choose Cash-For-Homes companies over listing the traditional way.
- The home has major repair issues common in New Jersey such as snow damage or seaside wear.
- The seller needs to move or cash in quickly due to divorce, job relocation, medical needs, financial stress, etc.
- The seller doesn’t have the means or desire to make repairs.
- The seller doesn’t want to bother prepping the home, dealing with showings, negotiating, or navigating a long sales process.
- The seller prefers the privacy of selling their home off-market to a cash buyer.
- The seller is in the foreclosure process and wants to sell the home and settle up with the lender before it’s too late.
- The seller inherited property and wants to unload it as quickly as possible.
- The seller is a landlord who has problem tenants or no longer wishes to manage a rental property.
- The homeowner is aging and moving into a care facility, prompting their family to sell the home.
- The seller is living out of state and prefers the ease of a cash sale.
If any of these sounds like you, requesting a cash offer from a We Buy Houses for Cash company might be a good starting point, though it’s not your only option, and it may not be your best move (we’ll dive into your other options in just a minute!).
Pros and cons of house-buying companies in New Jersey
By now, you’ve probably figured out that We Buy Houses for Cash companies in New Jersey are a bit of a mixed bag. You get speed and service, but you “pay” a sizable premium for that service. Let’s walk through a few pros and cons to consider while weighing your options.
Pros to We Buy Houses for Cash in New Jersey
One of the biggest advantages of working with We Buy Houses for Cash companies in New Jersey is that you can sell your home as-is with no repairs required, and they’ll buy homes in any condition.
If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.
Here are some other pros to consider:
- Speed: You can often sell your home in as few as seven days.
- Certainty: Since the company does a pre-offer walk-through, their offer is firm and comes with few (if any) contingencies. Cash-For-Houses companies are experts at clearing roadblocks and closing deals.
- No repairs: Again, if your home is in rough shape and you don’t have the funds or the patience to make repairs, you can skip them altogether and save yourself the stress.
- Less hassle: You don’t have to deal with staging, open houses, fielding offers, negotiating with picky buyers, worrying about the appraisal, or stressing about the buyer’s financing falling through. Overall, reputable We Buy Houses for Cash companies in New Jersey offer a smooth ride from offer to close.
That all may sound pretty great to you as a seller if you’re looking to move within weeks rather than the months it might take you to list and sell your home on the market with an agent. However, there are downsides to working with Cash-For-Homes companies. Namely, they typically offer substantially below market value for your home.
Cons to We Buy Houses for Cash in New Jersey
When considering an offer from a We Buy Houses site, remember that these are house-buying companies, which means they’re ultimately trying to make a profit. They plan to fix up your home and either resell it or rent it out. That takes considerable time, skill, and investment.
Here are some potential downsides to weigh:
- Lower offers: Most companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value (or the value that your house could sell for on the market once it’s all fixed up) minus repair costs. So the price you get for your home may be appreciably lower than what you’d get on the market.
- Inconsistent market knowledge: Not all cash home-buying companies are equal. Some are more localized, have specific neighborhood knowledge, and are able to leverage that expertise into more competitive offers. Others are less knowledgeable about the specifics of your community, which could result in lowball bids.
- Not all companies are trustworthy: Some companies make extremely low offers to desperate homeowners and try to pressure you into making a quick decision. A few bad players may even engage in fraud tactics, though it’s uncommon.
- They may use pressure tactics: These companies know that homeowners looking to sell quickly are often desperate, and some do take advantage of that by using pressure tactics. You should never feel pressured to accept an offer, especially since there are plenty of We Buy Houses for Cash companies in New Jersey to choose from. If anyone makes you uncomfortable, it’s time to move on to another option.
Your home is more than a place where you make memories with family, it’s also likely your biggest asset. Sure, you want to sell quickly, but you could be leaving major money on the table if you choose to work with one of these We Buy Houses for Cash companies.
Always do your research, compare your options, and consult with a trusted advisor before accepting any offer.
Vet cash buyers and know your home’s worth
For many home sellers, We Buy Houses for Cash companies can be a solid solution to get a property sold quickly or to access cash for an expected life challenge. On the other hand, the “cash for your home” rehabbing business model has also led to what some housing advocates call predatory tactics.
The level of integrity and customer service you experience can vary, even within an established house-buying company that strives to maintain consistent business standards. This is because many We Buy Houses for Cash companies are franchises and often use independent investors or local wholesaling outfits. Your experience greatly depends on the character of the person or group making the offer.
If you are considering a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
Get a home value estimate
Before committing to a We Buy Houses for Cash company, HomeLight suggests you consult with a top 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 a top agent might be able to get for your home. HomeLight can connect you with a top-performing agent in your market.
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.
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 home quickly
iBuyers
Within the cash-for-homes business, you’ll also encounter a particular group of companies known as iBuyers, or instant buyers.
iBuyer companies offer sellers many of the same conveniences of other house-buying operations, but they also leverage algorithmic technology, otherwise known as automated valuation models (or AVMs), to make you a near-instant offer on your home and provide a user-friendly, mostly online home sale experience.
iBuyers have only been around since the mid-2010s, but are now widely available across New Jersey.
iBuyers offer all-cash and can close in a matter of days to a few weeks. But unlike more traditional We Buy Houses for Cash companies, iBuyers tend to look for homes in better condition and offer much closer to market value, typically in the 90% range.
Though one thing to note is that major iBuyers like Opendoor and Offerpad usually charge sizable fees for their services, between 5%-6%.
Sellers who may be a good fit to work with an iBuyer in New Jersey include those who prefer to skip staging and showing their home, who live in an area with somewhat similar housing, and who have a home in relatively good shape.
Listing with an agent
You want to sell your house quickly, not in 53 days. But hear us out! With many housing markets still being largely seller-friendly, many listings are flying off the market in a matter of days, especially those that are priced strategically.
Going with an agent could pay off big time. Selling on the market generally fetches the highest home price, and that’s especially true if you work with a skilled professional. Our internal transaction data at HomeLight shows that the top 5% of real estate agents sell homes for up to 10% more than average agents.
This is a big financial decision, so it may make sense to consult with a trusted real estate agent who can complete a comparative market analysis (CMA) to help you understand your home’s value and how quickly it’s likely to sell.
Your agent may even be able to connect you with cash buyers who are willing to offer closer to market value for your home.
Plus, a CMA is usually free and you’re under no obligation to list with the agent, so this may be a good tool to explore your options. Even if you end up deciding to work with a Cash-For-Homes company, at least you’ll know you’re making a sound financial decision.
Overwhelmed by finding an agent? HomeLight would be happy to connect you with a top performer in your area today.
Key takeaways
- We Buy Houses for Cash companies in New Jersey can offer you a way to sell your home in as few as seven days with no repairs, showings, or hassles.
- There are many reputable cash home-buying companies across New Jersey, and most sellers going this route can find a company that suits their needs.
- You could leave significant money on the table using a Cash-For-Homes company versus going with a top agent or iBuyer.
- HomeLight’s Simple Sale platform provides no-obligation all-cash offers for homes in almost any condition in New Jersey. Because the platform has partner investors with different buying parameters across the state, it can be a great starting point if you aren’t sure who would buy your home.
FAQs on New Jersey house-buying companies
Are We Buy Houses for Cash companies legit or scams?
Most We Buy Houses for Cash companies are legit, and you can rest assured that this business model has been around for decades.
However, it’s always a good idea to keep an eye out for scams, or anything that just doesn’t seem right. Always thoroughly research companies ahead of time. Verify all professional licenses, check customer reviews, get a referral if possible, and vet the company on the Better Business Bureau website.
How much will We Buy Houses for Cash companies in New Jersey pay?
Most Cash-For-Homes companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value, minus repair costs.
Here’s what that simple formula looks like:
(Your home’s ARV x .70) – repair costs
Now let’s take a look at a practical example. Let’s say your New Jersey colonial home could sell for $350,000 after repairs, but it’s going to need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $215,000
In this example, a New Jersey cash-for-homes company will probably offer you around $215,000 for your property.
However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more like 90%-95% of market value while charging a fee for their services.
How much does selling a home to a We Buy Houses for Cash company in New Jersey cost?
Selling a home to a We Buy Houses for Cash company shouldn’t cost you any money, though you’ll likely get less overall for your home.
Since these companies are geared toward distressed homes, they tend to have zero fees, and will even cover your closing costs. That means the offer you get is the price you should walk away with. Make sure to ask about any hidden program fees that could eat into your bottom line.
How do you sell a house for cash in New Jersey?
- Research and vet house buying companies available in your area. The above list is a great place to start.
- Submit offer requests to your top few companies.
- Schedule any on-site visits.
- Field and compare offers. Choose the best option for you.
- Close in a week to 30 days and get paid (or you can often choose a later closing date, up to 90 days after receiving the offer)
We Buy Houses for Cash in New Jersey vs. top New Jersey agent
Wondering how a We Buy Houses for Cash company stacks up against working with a real estate agent? We’ve got you covered.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in New Jersey | Sell with a top Realtor in New Jersey |
| Sale timeline | 7 to 30 days | 53 days on average; 11 to attract an offer, 42 to close the loan |
| Home preparations | None | Make necessary repairs, deep clean, declutter, landscape, stage home |
| Showings | None | 10 to 25 showings average |
| Inspections / repairs | None | May need to make repairs for the buyer or renegotiate price |
| Appraisal | None | May need to lower the price if 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 loan doesn’t clear |
| Agent commission | None | 5.8% average |
| Closing costs | None | 1% to 3% of sale price on top of commission |
Example net proceeds
Let’s say your home in Trenton, New Jersey is currently worth about $200,000 and needs about $15,000 in repairs. Once the repairs are made, the home should be worth around $215,000.
| Sell to a We Buy Houses for Cash company in New Jersey | Sell with a top Realtor® in New Jersey | |
| Estimated sale price | ($215,000 x .70) – $15,000 = $135,500 | $200,000 |
| Market preparations | 0 | $2,000 (1% of sale price) |
| Agent commissions | 0 | $11,600 (5.8% of sale price) |
| Closing costs | 0 | $3,000 (1.5%) |
| Estimated take-home for seller | $135,500 | $183,400 |
Obviously, financially it’s usually in your best interest to go with a top agent, but depending on the condition of your home and any repairs needed, selling on the open market could be challenging.
House-buying companies can be a good alternative for New Jersey sellers in need of a quick exit from homeownership, but they’re not without drawbacks. However you choose to sell your home, it’s important to avoid making a hasty decision.
For best results, take the time to weigh your options, gather offers from multiple companies, and consider consulting with a top agent to see how easily your property could sell on the market. Whatever you decide, HomeLight would be happy to help with your real estate needs!
Writer Chelsea Levinson contributed to this blog post.
Header Image Source: (Ryan Loughlin / Unsplash)
