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 home in Palm Bay can be stressful, especially if you’re on a tight timeline or your property needs repairs. We Buy Houses companies in Palm Bay offer a quick, all-cash solution, helping you avoid the hassle of prepping your home for the traditional market.
Whether you’re facing an unexpected move or need to unlock the equity in your home 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.
Sell Your House Fast in Palm Bay 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 Palm Bay.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Palm Bay area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Palm Bay
Selling your Palm Bay home to a house-buying company can be a fast and simple way to move on from a property that needs repairs or to get cash quickly. Here’s an easy-to-follow overview of the basic steps you’ll take when working with a cash-for-homes company in Palm Bay.
- 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 as little as 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’ ranch and craftsman. By selling to one of these companies, you should be able to sell your Palm Bay home in as little as a week or two.
BiggerEquity
BiggerEquity is a nationwide house-buying company that began operations in 2016. The company says it can make a cash offer in as little as seven minutes and close as quickly as seven days.
Locations: Nationwide, including Palm Bay. The company serves homeowners in all 50 U.S. states.
Closing costs: Sellers pay no closing costs; BiggerEquity covers them.
BiggerEquity, BBB accredited since 2018, holds an A+ rating and a 4.8-star Google star.
Website: biggerequity.com/florida/palm-bay
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. 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 Palm Bay.
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 Palm Bay
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, LLC
Founded in 2011, FL Cash Home Buyers, LLC holds an A+ rating with the Better Business Bureau and has completed over 800 real estate transactions. Depending on the seller’s level of urgency and preferred timeline, the company typically has the ability to close in two to four weeks.
Locations: Throughout Florida, including Palm Bay
Closing costs: You pay no closing costs; FL Cash Home Buyers cover them.
FL Cash Home Buyers has more than 180 Google reviews for an average rating of 4.9 out of 5 stars.
Website: floridacashhomebuyers.com/palm-bay
Phone number: 954-519-7040
House Heroes LLC
House Heroes was founded in 2013, having expanded from their home market of Dallas to the Sunshine State. It will purchase single-family homes, as well as land, condos, and apartments that owners want to offload quickly.
Locations: Offices serving markets across Florida and in Dallas
Closing costs: Typically, sellers pay no closing costs; House Heroes will “often pay” for them. Consult this company directly for details about your unique situation.
House Heroes has been accredited with the BBB since 2017, where it retains an A+ rating. With more than 50 Google reviews on its Florida location averaging 4.9 stars.
Website: househeroes.com/sell-my-house-fast-palm-bay
Phone number: (954-676-1846
We Buy Houses, Palm Bay
WeBuyHouses.com was founded in 1997 and buys houses in 200 markets and 30 states in any condition. According to their website, they have been trusted by 1 million homeowners and can present a cash offer even if the homeowner is behind on their mortgage or facing foreclosure.
Locations: Nationwide, including Palm Bay
Closing costs: Sellers pay no closing costs; WeBuyHouses.com covers them
WeBuyHouses.com has been BBB accredited since August 2020 and has an A+ rating.
Website: webuyhouses.com/FL/Palm_Bay
Phone number: 321-241-9911
Why sell your Palm Bay house for cash?
There are plenty of valid reasons a Palm Bay home seller may choose to work with a Cash-For-Homes company. The speed of the sale, combined with the overall ease of the process, are some of the primary reasons sellers choose this option.
In Palm Bay, it typically takes around 103 days to sell a home on the market using an agent. That includes an average of 59 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 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: Selling your home for cash can help you move on swiftly from a difficult situation without the long process of a traditional sale.
- Inherited: If you’ve inherited a home you don’t want to maintain, selling for cash can simplify the process of liquidating the property.
- Downsizing: If you’re downsizing and need a fast, hassle-free sale, a cash offer eliminates open houses and the market wait.
- Repairs: When your home needs costly repairs, cash buyers will purchase it as-is, saving you time and money.
- Open houses: Selling for cash means no staging, cleaning, or hosting open houses—just a quick and easy sale.
- Foundation issues: If your home has major foundation or structural problems, a cash buyer can help you avoid the expense of repairs.
- Foreclosure: A cash sale can stop the foreclosure process and provide you with a quick payout to settle debts.
- Tenants: If you have a rental property with tenants, selling to a cash buyer makes it easier to avoid eviction and other challenges.
- Selling from out of state: If you’ve moved out of state, selling your house for cash avoids the headache of managing the sale from a distance.
Pros and cons of house-buying companies in Palm Bay
When considering whether to sell to a house-buying company in Palm Bay, it’s important to weigh the pros and cons. These companies offer a fast and simple process, but there are trade-offs. Let’s break down the key advantages and disadvantages.
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:
- Speed of sale: You can close the sale in as little as 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—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.
On the flip side, the biggest downside of working with a house-buying company in Palm Bay is that you’re likely to receive an offer that is below market value. 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: While many companies are legitimate, some can be 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 Florida can vary greatly, depending on the people behind the offer. Before you commit, be sure to:
- Check reviews: Look at online reviews and testimonials from other homeowners who have worked with the company.
- 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.
- Read the agreement carefully: Before signing, go over the buying agreement thoroughly to ensure there are no hidden clauses or unfair terms.
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 Palm Bay home quickly
iBuyers:
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, companies like Opendoor and Offerpad may charge 5%-6% service fees and prefer homes in better condition. Learn more about the iBuyer process.
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 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 Better Business Bureau website. Watch for anything that just doesn’t seem right.
As described in our pros and cons list above, 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 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 Palm Bay ranch could sell for $329,997 after repairs, but it will need $30,000 of work to get there.
($329,997 x .70) – $30,000 = $200,998
In this example, a Palm Bay We Buy Houses company might offer you around $200,998 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 Palm Bay 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.
- 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 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 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 | 103 days average; 59 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 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%-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 Palm Bay is worth about $330,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $355,000.
| Sell to a We Buy Houses for Cash company in Palm Bay | Sell with a top Realtor in Palm Bay | |
| Estimated sale price | ($355,000 x .70) – $25,000 = $223,500 | $330,000 |
| Market preparations | 0 | $3,300 (1% of sale price) |
| Agent commissions | 0 | $9,900 (3% of sale price) |
| Closing costs | 0 | $4,950 (1.5%) |
| Estimated take-home for seller | $223,500 | $311,850 |
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
- Fast sale: Cash-for-homes companies can close deals in as little as a few days, making them ideal for urgent situations.
- As-is condition: You don’t need to make repairs or updates—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.
- Avoid foreclosure: Cash offers can help you avoid foreclosure or settle debts quickly.
- 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 Palm Bay agent.
Header Image Source: (Betty Subrizi/Unsplash)
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