5 Top We Buy Houses for Cash Companies in Oregon
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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.
If you need to sell your house in Oregon quickly, whether due to a new job opportunity or a pressing family situation, “We Buy Houses” companies could offer an easy exit. Traditional selling methods can feel overwhelming, especially if you’re on a short timeline or your house needs some TLC. Accepting an all-cash offer from one of these companies takes away the burden of repairs and the time it takes to find a traditional buyer.
In exchange for speed and convenience, cash-for-homes companies typically offer less than what your home could fetch on the open market to turn a profit. That’s why it’s important to weigh the pros and cons before coming to a decision.
In this article, we’ll explore both sides of the coin and highlight some of the most reputable “We Buy Houses” companies in Oregon. With the right information, you’ll be able to decide if selling your Oregon home for cash is the right move for your unique situation.
Sell Fast in Oregon With a Cash Offer or Top Agent
Get an all-cash, no-obligation offer on your Oregon home through HomeLight’s Simple Sale platform. Close in as few as 10 days with no repairs or showings. You can also request an expert estimate of what your home might sell for using a top Oregon agent.
Working with house-buying companies in Oregon
Working with a house-buying company can streamline the sale of your Oregon home. This approach is especially appealing if you need to sell ASAP or your property requires repairs.
Here’s how the process generally works:
- Research companies: Start by locating a few reputable cash-for-homes companies based in Oregon. Conduct research online or ask friends and family for recommendations to find a trustworthy buyer.
- Get in touch: Contact a few of the companies you’re interested in working with by filling out their online forms or calling them directly. You’ll likely be asked to provide some basic information about your property.
- Receive an assessment: The company may conduct an online assessment or visit your home to evaluate its condition and determine its value.
- Get a cash offer: Based on the assessment, the company will present you with a no-obligation cash offer. Remember, this offer is usually non-negotiable.
- Accept the offer: If you decide the offer meets your needs, you can accept it to move forward with the sale.
- Close the sale: The final step is closing the sale. This is often quicker than traditional real estate transactions, allowing you to access your funds quickly.
Popular We Buy Houses for Cash companies in Oregon
If you’re interested in selling to a house-buying company in Oregon, the first step is to find a legitimate business that you can trust.
Ahead, we’ve outlined some of the top companies that will pay cash for your parents’ bungalow or ranch-style home. By selling to one of these companies, you should be able to sell your Oregon home in as little as a week or two.
Portland Cash Buyers
Serving Portland and the surrounding areas, Portland Cash Buyers has purchased thousands of homes over the past 20 years. The company purchases single-family homes, condos, and even fixer-uppers. Homeowners can get an initial cash offer within 24 hours and can close in as few as three days. They purchase homes in “as-is” condition and pay 100% of sellers’ closing costs.
Locations: Portland, Oregon, and surrounding areas, particularly Elkhorn, Bellevue, Papillion, Ralston, Lavista, Gretna, and Camas
Closing costs: Sellers pay no closing costs; Portland Cash Buyers covers them.
Portland Cash Buyers has been accredited by the Better Business Bureau (BBB) since 2019 and holds an A+ rating. They also have a 5-star rating on Google. Clients appreciate their prompt responses, fair offers, and accommodating nature, especially in sensitive situations like selling after a loved one’s passing. “I was so nervous to sell our home without someone (lawyer or realtor) representing me, but I am happy to report everything Quinn said was 100% how it played out,” wrote a former client.
Website: portlandcashbuyers.com
Phone number: 503-770-0145
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Oregon (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 US. 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 cities and towns across Oregon.
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 Oregon.
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 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
ibuyhaus
ibuyhaus is based in Portland and purchases homes in “as-is” condition throughout Oregon and Washington. They will extend a competitive, no-obligation cash offer within 24 hours of a scheduled walkthrough to assess your home’s repair costs. Sellers can choose the closing date, and ibuyhaus pays for all closing costs.
Locations: Oregon and Washington states.
Closing costs: Sellers pay no closing costs; ibuyhaus covers them.
ibuyhaus has been BBB-accredited since 2022 and holds an A rating. They have also earned 4.8 stars on Google. Clients praise the company’s professionalism, honesty, and communication skills. “Dustin delivered exactly what he promised, which made doing business together smooth,” wrote a former client. “We came to an agreement that was fair for both parties, and 3 weeks later … voilà, the house and process completed escrow.”
Website: ibuyhaus.com
Phone number: 503-482-8693
Columbia Redevelopment, LLC
Columbia Redevelopment, LLC was founded by two native Oregonians who purchase homes for cash in Portland and throughout Clackamas, Washington, Columbia, Clatsop, Lincoln, and Tillamook counties. The family-owned business has been around since 2008 and offers closings in as little as three days. They’ll make an offer within 24 hours of an in-person tour of your home, and give you a $10,000 earnest money deposit if you accept.
Locations: Portland, Oregon, and surrounding areas, including Clackamas, Washington, Columbia, Clatsop, Lincoln, and Tillamook counties.
Closing costs: Sellers pay no closing costs; Columbia Redevelopment, LLC covers them.
Columbia Redevelopment, LLC has been BBB-accredited since 2013 and touts an A+ rating. They also have a perfect 5-star Google rating. Clients consistently praise them for their fair offers, quick closings, and trustworthiness. “As a Wounded Warrior with disabilities, there are certain triggers that kept me from selling my home traditionally with a real estate agent,” wrote a former client. “This made it hard for us when it came time to sell our home. Greg and Laura went above and beyond to understand my family’s needs and accommodate my disabilities.”
Website: columbiaredevelopment.com
Phone number: 503-406-9874
Moon Creek Homes
Founded in 2013, Moon Creek Homes is a family-owned business based in Portland that pays cash for homes in any condition throughout the state. Homeowners can receive a cash offer within 24 hours of a virtual or in-person walkthrough of the property. Closings can take place in as little as a few days, and Moon Creek Homes pays 100% of the sellers’ closing costs.
Locations: Statewide
Closing costs: Sellers pay no closing costs; Moon Creek Home Buyers covers them.
Moon Creek Homes has been BBB-accredited since 2020 and maintains an A+ rating. The company also has a 5-star rating on Google. Clients highlight the seamless and hassle-free selling process, as well as the team’s clear communication, transparency, and professionalism. “Charlie and Moon Creek Homes were extremely patient during the selling process of my father’s home,” reads a recent review. “I had to sell his home while living out of state, and Charlie made everything as easy as possible!”
Website: mooncreekhomebuyers.com
Phone number: 503-843-8888
Why sell your Oregon house for cash?
If you need to sell your Oregon home quickly and with minimal fuss, then a cash buyer might be your best bet.
In Oregon, it typically takes around 98 days to sell a home on the market using a real estate agent. That includes an average of 54 days on the market, plus the typical 44 days a buyer needs to close on a purchase loan.
Compare that to the typical seven to 10 days promised by many “We Buy Houses” companies in Oregon, and it’s easy to see why cash deals are an attractive option, even though these buyers don’t always offer top-dollar for the homes they purchase.
Here are some situations where selling to a “We Buy Houses” company might be the best option:
- Job relocation: When you’re moving for a new job and need to sell your home quickly without the lengthy process traditional sales involve.
- Divorce: In the event of a divorce, selling your home for cash can simplify dividing assets and starting anew.
- Inherited property: If you’ve inherited a home you don’t wish to keep, a cash sale is a hassle-free way to liquidate the asset.
- Downsizing: Perfect for when you’re looking to move into a smaller, more manageable space or a retirement community.
- Major repairs needed: Selling for cash can be a good option if you’re selling a house in poor condition that you can’t or don’t want to address.
- Avoiding open houses: If you prefer not to deal with the inconvenience of open houses and showing your home to numerous strangers.
- Foundation issues: A quick cash sale can bypass the complications of selling a house with foundation problems.
- Facing foreclosure: To avoid foreclosure, a fast cash sale can provide a way out when selling a house in foreclosure, allowing you to settle debts quickly.
- Problem tenants: Selling for cash offers a straightforward solution for landlords tired of managing rental properties or dealing with difficult tenants.
- Selling from out of state: Ideal for homeowners selling a house from out of state, facilitating a simpler transaction.
If you’re facing any of these situations, selling to an Oregon house-buying company could be your saving grace. It’s a good idea to gather multiple offers and explore all of your options before making a commitment.
Pros and cons of house-buying companies in Oregon
Selling your Oregon home to a house-buying company has several advantages, in particular, the speed of the transaction and the ability to sell your home as-is. However, this arrangement also comes with drawbacks, primarily that you might receive an offer below market value.
Here’s a quick breakdown of the pros and cons of working with a house-buying company:
Pros
- Speed of sale: House-buying companies can close on your home quickly, often within days, which is ideal for urgent financial needs or when you’re pressed for time.
- No repairs needed: You can sell your home in its current condition, without investing in costly repairs or renovations.
- Simplified process: The sales process is straightforward, with fewer steps and less paperwork than traditional real estate transactions.
- No contingencies: House-buying companies often buy without contingencies, making the sales process smoother and more predictable.
Cons
- Below market value: Offers from cash buyers are typically less than what you might receive on the open market.
- Limited negotiation: The price offered is usually final, providing little to no room for negotiation on the price.
- Potential for scams: While many companies are reputable, there’s a risk of encountering scams. It’s crucial to research and verify the credibility of the company you’re considering.
- Missed market opportunity: By opting for a quick sale, you might miss out on potential market appreciation or a better offer from a traditional buyer.
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 decide to work with a “We Buy Houses for Cash” company in Oregon, remember that the level of integrity and service you’ll receive can vary greatly. Your experience will depend on the character of the individuals or group extending the offer.
Before you sign on the dotted line, it’s crucial to vet the company thoroughly. Take the time to check reviews, read testimonials, and research their market presence. You should also have an idea of your home’s value when evaluating an offer. To make sure you’re fully aware of the terms and conditions of the sale, read the buying agreement carefully.
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 it to your cash offer. HomeLight can connect you with a top-performing agent in Oregon. 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 Oregon home quickly
iBuyers
iBuyers, or instant buyers, offer a fast, mostly online sales process using automated valuation models (AVMs) to make all-cash offers on homes in good condition, usually closer to market value. They typically target areas with uniform housing types. Major players in the space, like Opendoor and Offerpad, charge service fees of 5%–6%, so that’s something to be aware of if you choose this route.
Listing with an agent
Listing with an agent could yield the highest selling price, especially in a seller-friendly market. Agents offer the advantage of providing a comparative market analysis (CMA), which is often compiled for free, to determine an appropriate listing price. Additionally, an experienced agent could potentially pull from their network to get you a quick cash offer closer to market value. If you’re interested in meeting with an agent to find out how much your Oregon home could fetch on the open market, HomeLight can connect you with top performers in your area.
FAQs on Oregon house-buying companies
By and large, most We Buy Houses for Cash companies in Oregon 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 Oregon 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 split-level house could sell for $425,000 after repairs, but it’s going to need $30,000 of work to get there.
($425,000 x .70) – $30,000 = $267,500
In this example, an Oregon We Buy Houses company might offer you around $267,500 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 an Oregon 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 Oregon 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 Oregon vs. top Oregon 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 Oregon | Sell with a top Realtor in Oregon |
| Selling timeline | 7 to 30 days | 98 days average; 54 to attract an offer, 44 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 | 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 Oregon is currently worth about $450,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $475,000.
| Sell to a We Buy Houses for Cash company in Oregon | Sell with a top Realtor in Oregon | |
| Estimated sale price | ($475,000 x .70) – $25,000 = $307,500 | $450,000 |
| Market preparations | 0 | $4,500 (1% of sale price) |
| Agent commissions | 0 | $26,100 (5.8% of sale price) |
| Closing costs | 0 | $6,750 (1.5%) |
| Estimated take-home for seller | $307,500 | $412,650 |
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
- Cash-for-homes companies in Oregon can close on your property quickly, often within days or weeks.
- You can sell your home in its current state, without needing to shell out on repairs or improvements.
- The selling process is streamlined and involves fewer steps compared to traditional real estate transactions.
- Thoroughly vet any cash-for-homes company and understand the terms of their offer before agreeing.
- Be prepared that the offer you receive might be less than market value. Knowing your home’s value can help you assess the offer.
- HomeLight’s Simple Sale platform offers no-obligation, all-cash offers for homes in nearly any condition across Oregon. With a wide network of partner investors, it’s an ideal starting point for those unsure of their home’s buyer market.
- Consider all selling methods, including iBuyers and listing with a real estate agent, to find the best fit for your situation.
Sellers in Oregon considering a Cash-For-Homes company are encouraged to gather multiple offers and weigh their options carefully before making a decision. Consulting with a top Oregon agent can provide you with expert insights on how quickly and for how much your property might sell on the open market.
HomeLight can help with all of your real estate needs, from finding a skilled agent to securing a cash offer, ensuring you make an informed decision that matches your selling goals.
Editor’s note: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Oregon “We Buy Houses” companies should not be considered an endorsement.
Header Image Source: (Rigucci/DepositPhotos)
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