We Buy Houses Palm Bay: Top 5 Companies
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Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
Selling your Florida home can be stressful, especially if you’re on a tight timeline or your property needs repairs. But the good news is that “We Buy Houses” Palm Bay companies can offer a quick, all-cash solution, helping you avoid the hassle of prepping your home for the traditional market.
Sell Your House Fast in Palm Bay With a Cash Offer
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Whether you’re facing an unexpected move or need to unlock your home equity fast, these companies provide a straightforward way to sell. A cash sale allows you to skip costly repairs and close the deal in a matter of days, giving you the freedom to move on from your property. This can be especially appealing if you don’t have the time, expertise, or money to get your home market-ready.
In this guide, we’ll discuss the pros and cons of working with house-buying companies in Palm Bay so you can make the best decision for your situation.
Working with house-buying companies in Palm Bay
Cash home sales in Palm Bay offer a faster, simpler way to move on from your property. House-buying companies handle everything from offer to closing with speed and efficiency. Here’s how the process of selling your house for cash typically works.
- Contact the company: Reach out to the house-buying company by phone, online, or through their website form to start the process.
- Provide details: Share basic information about your home, such as its condition, size, and location, so the company can assess its value.
- Schedule a home visit: A representative will inspect your property to verify its condition and finalize their cash offer.
- Receive the offer: The company will present you with a no-obligation, all-cash offer for your home.
- Accept the offer: If you’re satisfied with the offer, you’ll sign the necessary paperwork to move forward.
- Close the sale: Once everything is finalized, you’ll receive your cash payment and complete the sale in a few days.
Popular We Buy Houses for Cash companies in Palm Bay
If the process of selling to a house-buying company in Palm Bay 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’ property, whether that’s a ranch or a craftsman. By working with one of these companies, you should be able to sell your Palm Bay home in as little as a week or two.
BiggerEquity
Bigger Equity purchases homes regardless of their condition, age, size, or location. Whether a property has positive equity, minimal equity, or negative equity, the company is prepared to present an offer.
Unlike traditional buyers and lenders who may avoid homes requiring significant repairs or facing legal challenges, Bigger Equity is willing to buy properties as-is. They deliver fast and reliable cash offers, sometimes within seven minutes, and can complete closings in as few as seven days.
Locations: Nationwide, including Palm Bay
Closing costs: Sellers pay no closing costs; BiggerEquity covers them.
Accredited by the Better Business Bureau (BBB) since 2018, BiggerEquity holds an A+ rating. On Google, it received a high 4.8-star average from satisfied clients.
Past clients recall turning to the company during an especially difficult time, needing to sell a loved one’s home quickly while living out of state. They describe the process as stress-free, with clear explanations, timely communication, and no pressure at any stage. The team’s professionalism, integrity, and reliability stood out, as every promise and appointment was honored.
Website biggerequity.com
Phone number: 866-333-8377
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Palm Bay (and across the country) can request a cash offer for their home. It features 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 Palm Bay. With the platform, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Palm Bay
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 has been BBB accredited since 2019 and currently maintains an impressive 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
FL Cash Home Buyers, LLC
Founded in 2011, Florida Cash Home Buyers is a reputable company specializing in purchasing homes for cash. For those looking to sell quickly in Palm Bay, the team offers dependable service and competitive offers.
Sellers can receive a cash proposal within 24 hours and may even gain early access to funds before closing. With flexible move-out dates and closings often completed in just seven days, the company provides a fast and accommodating solution for homeowners.
Locations: Throughout Florida, including Palm Bay
Closing costs: Sellers pay no closing costs; FL Cash Home Buyers covers them.
FL Cash Home Buyers, accredited by the BBB since 2015, maintains an A+ rating and a strong 4.9-star average on Google, backed by many glowing client reviews.
Past clients share that their experience with the company was marked by consistent communication and a supportive approach throughout the process. They appreciated the patience, understanding, and clear explanations provided whenever questions arose.
Website: floridacashhomebuyers.com
Phone number: 954-519-7040
House Heroes LLC
House Heroes, a Florida-based house-buying company, provides cash offers with no hidden fees or commissions, delivering a transparent and hassle-free selling experience. Specializing in fast closings, often within days, it purchases homes as-is without requiring repairs or updates. Most homeowners receive a cash proposal within 24 hours, with the flexibility to choose a closing date that best fits their needs.
Locations: Throughout Florida
Closing costs: Sellers pay no closing costs; House Heroes covers them.
Known for its commitment to ethical standards, House Heroes has been BBB accredited since 2017 and holds an A+ rating. Clients commend the company for facilitating a smooth and efficient selling experience. Many appreciate securing a buyer at their asking price while experiencing timely and transparent communication. Any issues that arose were handled with direct and effective solutions, contributing to a smooth and hassle-free transaction.
Website: househeroes.com
Phone number: 954-676-1846
We Buy Houses, Palm Bay
Established in 1997, WeBuyHouses.com is a leading real estate investment firm operating in over 200 markets across 30 states, purchasing homes regardless of their condition. With the trust of more than one million homeowners, the company is recognized for its reliable service and ability to deliver competitive cash offers, including in difficult situations like overdue mortgages or looming foreclosure.
Cash offers are typically provided within 24 hours of the initial inquiry, and most sales close between 7 and 14 days. Their goal is to offer a fast, smooth, and efficient selling process for homeowners seeking a quick solution.
Locations: Nationwide, including Palm Bay
Closing costs: Sellers pay no closing costs; WeBuyHouses.com covers them.
Recognized for its ethical business practices, WeBuyHouses.com has held BBB accreditation since 2020 and earned an A+ rating. Its Google Business Profile reflects a 3.7-star average, indicating mixed customer experiences.
Numerous reviewers provide glowing five-star ratings and describe their experiences as positive overall. However, some customers have raised issues with phone calls, citing a lack of proper introductions and a casual tone that felt unprofessional.
Website: webuyhouses.com/FL/Palm_Bay
Phone number: 321-241-9911
Why sell your Palm Bay house for cash?
If you’ve ever sold your home through the traditional real estate market, you know the process can drag on for months, and there’s no guarantee of a sale. But when you sell to a We Buy Houses company, you’re looking at a guaranteed sale in just a matter of days. Speed, convenience, and certainty are the top reasons many homeowners choose to work with a cash-for-homes firm.
In Palm Bay, selling a home on the open market using an agent takes around 112 days. That includes an average of 71 days on the market, from listing to signed contract, plus the typical 41 days a buyer needs to close on a purchase loan.
Compare that to the usual seven to 10 days promised by many house-buying companies in Palm Bay, 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.
Selling your Palm Bay house for cash can be a practical solution when life throws unexpected changes your way. Whether you’re facing a fast-paced timeline, dealing with a difficult property, or simply want a hassle-free sale, house-buying companies offer speed and convenience. Here are some common scenarios where selling for cash might be the best choice.
- Job relocation: Moving to a new city for work often requires a quick sale, and cash buyers can close in just days.
- Divorce settlement: Selling your home for cash allows you to quickly split assets and move forward without the delays and complications of a traditional sale.
- Unwanted inheritance: If you’ve inherited a home you don’t want to maintain, selling for cash can simplify the process of liquidating the property.
- Downsizing transition: If you’re downsizing and need a fast, hassle-free sale, a cash offer eliminates open houses and the market wait.
- Extensive repairs: When your home is in poor condition, cash buyers will purchase it as-is, saving you time and money.
- Open house stress: Selling for cash means no staging, cleaning, or hosting open houses, just a quick and easy sale.
- Structural damage: If your home has major foundation problems, a cash buyer can help you avoid the expense of repairs.
- Foreclosure solution: A cash sale can stop the foreclosure process and provide you with a quick payout to settle debts.
- Landlord exit: If you have a rental property with tenants, selling to a cash buyer makes it easier to avoid eviction and other challenges.
- Remote home sale: If you’re planning to sell from out of state, working with a cash buyer-investor eliminates the need to travel back and forth.
Pros and cons of house-buying companies in Palm Bay
Knowing the pros and cons of working with house-buying companies helps you make an informed decision that fits your unique situation. It can prevent surprises and help you choose the best path for selling your home. Let’s break down the key advantages and disadvantages.
Pros
Selling to a house-buying company offers speed and convenience. One of the biggest advantages is that you can sell your house as-is without needing to make repairs or prepare it for showings. Here’s a summary of the top benefits:
- Speedy sale: You can close the sale in a few days, making it a great option for urgent situations.
- As-is condition: House-buying companies purchase homes as-is, so you don’t have to spend time or money on repairs.
- No showings or open houses: Skip the stress of staging and hosting open houses since cash buyers won’t require showings.
- No contingencies: Cash sales typically don’t come with contingencies, so there’s less risk of the deal falling through at the last minute.
Cons
On the flip side, the biggest downside of working with a house-buying company in Palm Bay is that you’re likely to receive lower profits. Let’s take a look at some of the other potential drawbacks.
- Lower offer price: Expect to receive less for your home than you would by listing it on the traditional market with an agent.
- Limited negotiation: These companies typically offer a take-it-or-leave-it price, leaving you little room to negotiate.
- Potential scams: Some entities may pose as cash buyers, but actually operate house-buying scams, so it’s important to do your research before committing.
- No second chances: Once you accept an offer, you won’t have the opportunity to test the market for a potentially higher price.
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
The level of integrity and service you experience from a We Buy Houses for Cash company in Palm Bay can vary greatly, depending on the people behind the offer. Before you commit, be sure to:
- Research market presence: Find out how long the company has been operating and what kind of reputation it has in your area.
- Verify credentials: Make sure the company is legitimate and not part of a scam by checking for a business license and other certifications.
- Check reviews: Look at online reviews and testimonials from other homeowners who have worked with the company.
- Read the agreement carefully: Before signing, go over the buying agreement thoroughly to ensure there are no hidden clauses or unfair terms.
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 Palm Bay. You can also use our free Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Palm Bay home quickly
Working with iBuyers:
Instant buyers or iBuyers use automated valuation models (AVMs) to provide near-instant all-cash offers online, typically closer to market value, and close in a few days to two weeks. However, major iBuyer companies like Opendoor and Offerpad prefer homes in better condition and charge sizable service fees, ranging from 5% to 6% of the home’s sale price.
Listing with an agent:
In a strong market, working with a top agent can help you secure a fast sale. Agents often provide a comparative market analysis (CMA), often for free, to determine your home’s value. If you decide to explore this option, HomeLight can connect you with a top-performing real estate agent to guide you.
FAQs on Palm Bay house-buying companies
By and large, most We Buy Houses for Cash companies in Palm Bay 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 Palm Bay 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), then deduct 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 Palm Bay ranch could sell for $325,000 after repairs, but it will need $30,000 of work to get there.
($325,000 x .70) – $30,000 = $197,500
In this example, a Palm Bay We Buy Houses company might offer you around $197,500 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 they look for homes in better condition. An iBuyer might pay you 90% or more of the market value while charging a fee for their services.
When you accept an offer from a Palm Bay We Buy Houses for Cash company, you will likely be coming to grips with a double-edged sword. On the one hand, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. On the other hand, 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.
- Research and vet the house-buying companies that serve your Palm Bay 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 Palm Bay vs. top Palm Bay 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 Palm Bay | Sell with a top Realtor in Palm Bay |
| Selling timeline | 7 to 30 days | 112 days average; 71 to attract an offer, 41 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 and 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 the agent’s 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 Palm Bay is worth about $295,000 and needs about $30,000 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 Palm Bay | Sell with a top Realtor in Palm Bay | |
| Estimated sale price | ($325,000 x .70) – $30,000 = $197,500 | $295,000 |
| Market preparations | 0 | $2,950 (1% of the sale price) |
| Agent commissions | 0 | $8,850 (3% of the sale price) |
| Closing costs | 0 | $4,425 (1.5% of the sale price) |
| Estimated take-home for seller | $197,500 | $278,775 |
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 timeline might not fit your immediate needs.
Key takeaways
- Fast sale: Cash-for-homes companies can close deals in as little as a few days, making them ideal for urgent situations.
- As-is deal: You don’t need to make repairs or updates, as cash buyers purchase homes in any condition.
- Lower offer price: Expect to receive less than market value for your home compared to selling on the open market.
- Limited negotiation: Offers from cash buyers are typically final, leaving little room for back-and-forth.
- No showings: Cash sales eliminate the need for staging, cleaning, or hosting open houses.
- Home valuation: Always be aware of your property’s estimated market value before you proceed with a cash-offer company to avoid extremely low offers.
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 Palm Bay agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Palm Bay 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: (Betty Subrizi/Unsplash)
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.
