We Buy Houses New Port Richey: Top 5 Companies
- 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.
If you’re a homeowner in New Port Richey who needs to sell your home quickly, We Buy Houses companies could be the answer you are looking for. These companies pay cash for your home, often in a matter of days, typically for properties that needing hefty repairs.
If you lack the time, know-how, or money for repairs, selling to a cash-for-homes company is a great solution.
In this post, we’ll explore the pros and cons of working with We Buy Houses companies in New Port Richey. We’ll also give you insight into how the process works and provide you with some alternative options. .
Sell Your House Fast in New Port Richey With a Cash Offer
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 New Port Richey.
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 Port Richey area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in New Port Richey
Selling your New Port Richey property to a We Buy Houses company is a relatively simple process, but there are a few steps you should know. Here’s a quick look at how it works:
1. Contact the company: Contact a reputable We Buy Houses company in New Port Richey. You’ll provide some basic information about your property.
2. Schedule a home visit: The company will arrange a time to visit your home, assess its condition, and give you a timetable for an offer.
3. Receive an offer: After evaluating your home, the company will present you with a no-obligation cash offer, typically within 24-48 hours.
4. Review the offer: Review the offer and consider if it meets your needs and expectations for a quick sale.
5. Accept the offer: If you like the offcer, accept it. Sign any necessary paperwork to proceed with the sale.
6. Close the sale: The company will handle the closing process, often within a week (or less), allowing you to receive your cash payment and finalize the sale quickly.
Popular We Buy Houses for Cash companies in New Port Richey
If the process of selling to a house-buying company in New Port Richey 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 your or your parents’ contemporary-style house or waterfront property. By selling to one of these companies, you should be able to sell your New Port Richey home in as little as a week or two.
Cash House Buyers Tampa
Cash House Buyers Tampa features a simple home-selling process where you can call, provide the details of your home, and receive an offer within 24 hours. The company specializes in buying homes in poor condition, purchasing pre-foreclosure or inherited houses, and working with homeowners in other distressed situations.
Locations: Tampa Bay and 17 surrounding Florida areas, including New Port Richey
Closing costs: Sellers pay no closing costs; Cash House Buyers Tampa covers them.
Cash House Buyers Tampa has 4.8 out of 5 stars on Google with 13 reviews. Customer reviews for Cash House Buyers Tampa speak to the company’s straightforward process and professionalism.
Website: cashhousebuyerstampa.com
Phone: 813-278-6948
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in New Port Richey (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 New Port Richey.
With Simple Sale, 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 New Port Richey
Closing costs: No prep costs, agent commissions, or 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 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.
Learn more: homelight.com/simple
Phone: 844-488-8455
FL Cash Home Buyers
Formed in 2011, FL Cash Home Buyers, LLC has completed over 800 real estate transactions. Along with providing full cash offers to purchase homes in “as is” condition, Florida Cash Home Buyers will complete necessary repairs on the property or help you find a third-party buyer if you prefer.
Locations: Throughout Florida, including New Port Richey.
Closing costs: You pay no closing costs; FL Cash Home Buyers cover them.
FL Cash Home Buyers has an average rating of 4.8 out of 5 stars on Google Reviews. Past customers speak highly of the employees’ attentiveness, responsiveness, and ability to answer questions.
Website: floridacashhomebuyers.com
Phone number: 954-519-7040
Emperor House Buyers LLC
Although Emperor House Buyers LLC offers a simple three-step process where you call to discuss the property, they show up for a 15-minute property viewing, and they present a cash offer. The company also promises to complete the full transaction in as few as five business days.
Locations: New Port Richey, Tampa Bay, along with Hillsborough, Pinellas, and Pasco Counties.
Closing costs: Sellers pay no closing costs; Emperor House Buyers LLC covers them.
Emperor House Buyers LLC has been BBB accredited since June 2022 and holds an A rating. It has 4.6 out of 5.0 stars on Google with 9 reviews. Customer reviews for Emperor House Buyers LLC speak to the company’s hassle-free process and strong offers.
Website: emperorhousebuyers.com
Phone: 813-803-2777
Revival Homebuyer
Revival Homebuyer will only purchase properties in the Tampa Bay area and comprised of a four-person team of home buyers. They are also committed to helping homeowners sell their properties in all types of conditions and situations, including if homes are run down or if you inherited a property unexpectedly.
Locations: Largo, as well as throughout Hillsborough, Pinellas, Pasco, and Polk Counties
Closing costs: Sellers pay no closing costs; Revival Homebuyer covers them.
Revival Homebuyer has been BBB accredited since December 2019 and holds an A+ rating. The company has 5 out of 5 stars on Google with 86 reviews. Customer reviews for Revival Homebuyer speak to the company’s quick responses and trustworthiness. They also say the team has experience buying distressed properties, purchasing inherited properties, and assisting in the probate process.
Website: revivalhomebuyer.com
Phone: 813-419-3154
Why sell your New Port Richey house for cash?
There are plenty of valid reasons why a New Port Richey home seller may choose to work with a We Buy Houses company. Speed and convenience are some of the main benefits. These companies are typically suited for sellers who need to dispose of their property quickly, usually due to unforeseen circumstances like a sudden change in employment.
In New Port Richey, it typically takes around 92 days to sell a home on the market using an agent. That includes an average of 50 days on the market plus the typical 42 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 New Port Richey, and it’s clear why these Cash-For-Homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
Let’s explore some common scenarios where working with a house-buying company might be the best fit for your needs.
- Job relocation: You need to move quickly for a new job and can’t wait for a traditional sale.
- Divorce: A quick sale helps you and your ex-spouse divide assets and move on.
- Inherited: You’ve inherited a property and prefer to sell it without hassle.
- Downsizing: You’re ready to downsize and want to sell your larger home quickly.
- Repairs: Your home needs costly repairs you can’t afford or don’t want to handle.
- Open houses: You want to avoid the stress and intrusion of frequent open houses and showings.
- Foundation: Your house has significant foundation issues making a traditional sale challenging.
- Foreclosure: You’re facing foreclosure and want to sell quickly to settle your debts.
- Tenants: You’re a landlord dealing with problem tenants and want to sell your rental property.
- Selling from out of state: You own property in New Port Richey but live out of state and need a quick sale.
Pros and cons of house-buying companies in New Port Richey
Selling your New Port Richey house to a house-buying company has ups and downs. Let’s take a look at the pros and cons to help you decide if this is the right move for you.
Pros
- Speed: House-buying companies can close sales quickly, often within a week.
- Convenience: These companies handle all paperwork and logistics, making the process hassle-free.
- No repairs needed: You can sell your house as-is without investing in costly repairs.
- Certainty: Cash offers provide certainty, eliminating the risk of financing falling through.
The most significant downside of selling your home for cash is that they will likely offer you below market value for your home compared to selling on the market with an experienced real estate agent.
Cons
- Lower offers: Cash offers are typically below market value to account for repairs and resale.
- Limited negotiation: Most offers are take-it-or-leave-it, with little room for negotiation.
- Unregulated industry: Some companies may be less reputable, leading to potential scams.
- Missed competition: You miss out on potential higher offers from traditional buyers who may offer more for your home.
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
Not every We Buy Houses company is legitimate. Before selling your home, follow this quick checklist of things to look out for and watch out for any red flags that might crop up:
- Check reviews: Look up online reviews to see what past clients say about their experiences.
- Read testimonials: Pay attention to testimonials on the company’s website and third-party sites.
- Research market presence: Investigate the company’s presence and performance in the market.
- Verify credentials: Ensure the company is legitimate and has a good track record.
- Understand the offer: Read the buying agreement carefully, noting all terms and contingencies.
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 your market. You can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your New Port Richey home quickly
If selling your home for cash to a We Buy Houses company doesn’t sound like a good fit, you do have other options. iBuyers or listing with an agent are two alternatives that offer similar speed and convenience.
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to provide near-instant home value estimates, resulting in a mostly online, user-friendly sale process. Established in the mid-2010s, iBuyers like Opendoor and Offerpad offer all-cash deals typically closer to market value for homes in good condition.
The process from offer to closing is quick, ranging from a few days to two weeks, though service fees of 5%-6% may apply. They suit sellers in regions with homogeneous housing and properties in good condition. Learn more
Listing with an agent
Surprisingly, listing with an agent can still be a fast option in a seller-friendly market. A top real estate agent can strategically price and market your home for a quick sale. Consulting with an agent provides valuable insights through a comparative market analysis (CMA), which helps determine an appropriate listing price and estimates the time it might take to sell.
Many agents offer a CMA often for free. Additionally, an experienced agent may connect you with buyers offering cash deals close to market value. Exploring this option ensures you make an informed decision. HomeLight can connect you with a top-performing real estate agent in your area today.
FAQs on New Port Richey house-buying companies
By and large, most We Buy Houses for Cash companies in New Port Richey 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 New Port Richey 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 New Port Richey contemporary-style house could sell for $295,000 after repairs, but it will need $30,000 of work to get there.
($295,000 x .70) – $30,000 = $176,500
In this example, a New Port Richey We Buy Houses company might offer you around $176,500 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 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 New Port Richey 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 it is accepted. Conversely, you’ll likely get less money overall for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive will be the price you walk away with at the end of the deal. Of course, asking the company if any hidden program fees might impact your bottom line is always a good idea.
1. Research and vet the house-buying companies that serve your New Port Richey area. Our list above is a good place to start.
2. Submit offer requests to a few of the companies you like best.
3. Schedule any required on-site property visits.
4. Compare offers. Weigh the pros and cons and choose the best option for you.
5. 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 New Port Richey vs. top New Port Richey 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 New Port Richey | Sell with a top Realtor in New Port Richey |
| Selling timeline | 7 to 30 days | 92 days average; 50 to attract an offer, 42 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 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 | 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 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 New Port Richey is worth about $300,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $325,000.
| Sell to a We Buy Houses for Cash company in New Port Richey | Sell with a top Realtor in New Port Richey | |
| Estimated sale price | ($325,000 x .70) – $25,000 = $202,500 | $300,000 |
| Market preparations | 0 | $3,000 (1% of sale price) |
| Agent commissions | 0 | $17,400 (5.8% of sale price) |
| Closing costs | 0 | $4,500 (1.5%) |
| Estimated take-home for seller | $202,500 | $275,100 |
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 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
- Speed: House-buying companies can close quickly, often within a week.
- Convenience: These companies handle all paperwork and logistics, making the process hassle-free.
- No repairs: You can sell your house as-is without making costly repairs.
- Certainty: Cash offers eliminate the risk of financing falling through.
- Lower offers: Expect cash offers to be below market value.
- Limited negotiation: Most offers are take-it-or-leave-it, with little room for negotiation.
- Reputation matters: Vet companies thoroughly to avoid potential scams.
- Explore all options: Consider consulting a top agent to understand your home’s market value.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
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 New Port Richey agent.
Header Image Source: (paulbr75/ Depositphotos)
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.