5 Top We Buy Houses for Cash Companies in Pasadena

‘We Buy Houses’ Pasadena companies provide an alternative solution to homeowners needing a quick sale, particularly on homes that need extensive repair. These firms are ideal for sellers who need to dispose of their property quickly instead of going through the lengthy process of a traditional home sale, which can often take several months.

This article will explore the advantages and disadvantages of selling your home for cash, offering insights to help you weigh your options carefully. Whether you’re in a bind or simply curious about what these companies can offer, we’re here to demystify the process.

Sell Your Pasadena House Fast 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 Pasadena.

Working with house-buying companies in Pasadena

‘We Buy Houses’ companies offer a fast solution to home-selling, completing all-cash transactions that can close in as little as seven days. These companies cater to sellers with urgent needs, targeting properties that may require significant repairs. Here’s a simplified overview of the process of selling your home for cash:

  1. Request an offer: Provide details about your property. Some companies may give a preliminary offer quickly, subject to adjustments post-home inspection.
  2. Home inspection: Expect a walk-through within 24 to 48 hours. The timing can vary based on the company and current market conditions.
  3. Receive a final offer: A formal cash offer follows the inspection within 24 hours, sometimes immediately after the walk-through. These offers are typically non-negotiable, presenting a straightforward take-it-or-leave-it decision.
  4. Sign the sales agreement: Accepting the offer leads to signing a contract and initiating the closing process. Companies may offer an advance to aid with moving costs, with some paying for the property upfront.
  5. Close and get paid: Closings can happen within a week to a few weeks, offering flexibility in choosing a move-out date.

Popular We Buy Houses for Cash companies in Pasadena

If the process of selling to a house-buying company in Pasadena 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 parents’ property, whether that’s a Spanish Revival or Craftsman. By selling to one of these companies, you should be able to sell your Pasadena home in as little as a week or two. 

Priority Home Buyers

Founded in 2008, Priority Home Buyers has been purchasing homes nationwide with speed, fairness, and reliability. Known for providing cash offers in under an hour, it typically closes transactions in as little as seven days. Its mission is to serve as real estate problem solvers, guiding homeowners through a wide range of challenging situations. These include selling foreclosures, probate inheritance, or marital assets during divorce.

Locations: Nationwide, including Pasadena

Closing costs: Sellers pay no closing costs; Priority Home Buyers covers them.

Simple Sale (a HomeLight platform)

Simple Sale, a solution from HomeLight, is an online platform where sellers in Pasadena (and across the country) can request a cash offer for their home. It connects you to 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 in different locations throughout Pasadena, even those that need some or a lot of work. With this platform, 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 Pasadena

Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.

SoCal Home Buyers

SoCal Home Buyers is committed to providing swift, efficient transactions. It often opens escrow the same day an offer is accepted. Understanding the value of time, it prioritizes fast closings to ensure a seamless experience for sellers. Regardless of a property’s condition, it purchases homes as-is.

In addition to the fair cash offers and fast closing process, it provides flexible post-sale arrangements, including rent-back options for those who need to remain in their homes temporarily. The company aims to make the entire transaction convenient for sellers.

Locations: San Bernardino, Riverside, Los Angeles, San Diego, and Orange counties

Closing costs: Sellers pay no closing costs; SoCal Home Buyers covers them.

We Buy Houses

Established in 1997, WeBuyHouses.com is a nationally recognized real estate investment company operating in over 200 markets across 30 states. It specializes in purchasing homes in any condition, offering sellers a convenient and efficient alternative to traditional listings.

Its homebuying process begins with collecting essential property information from the homeowner, followed by additional research and an in-person home tour. Based on this evaluation, the company typically presents a no-obligation cash offer within 24 to 48 hours of the tour. This streamlined approach allows homeowners to sell quickly and with minimal hassle, regardless of the property’s condition.

Locations: Nationwide, including Pasadena

Closing costs: Sellers pay no closing costs; WeBuyHouses.com covers them.

Ready Eddy Cash Offer

Since 2012, Ready Eddy Cash Offer has been dedicated to helping hundreds of homeowners navigate complex real estate challenges with professionalism and care. Guided by the principle of “people over profits,” the company prioritizes compassion, transparency, and personalized service.

As local homeowners themselves, they understand the emotional and financial weight of selling a home, and they aim to provide practical, respectful solutions. Their core values — treating clients like family, offering solutions to every problem, working with unmatched dedication, and keeping their word — define every transaction they handle.

Locations: Los Angeles County, including Pasadena

Closing costs: Sellers pay no closing costs; Ready Eddy Cash Offer covers them.

Why sell your Pasadena house for cash?

There are plenty of valid reasons a Pasadena home seller may choose to work with a Cash-For-Homes company. Speed, certainty, and remarkable convenience are the primary benefits.

In Pasadena, selling a home on the open market using an agent typically takes around 73 days. That includes an average of 32 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 typical seven to 10 days promised by many house-buying companies in Pasadena, 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.

Here’s a closer look at scenarios where opting for a house-buying company could be particularly beneficial:

Pros and cons of house-buying companies in Pasadena

Pros and cons of house-buying companies in Pasadena

There are several pros and cons to consider when selling your home for cash. Here are some of the main ones to keep in mind.

Pros:

  • Quick sale: House-buying companies in Pasadena can often close a deal within a week, allowing you to move on quickly.
  • No need for repairs: Your home will be purchased as-is, eliminating the need for costly repairs or renovations before the sale.
  • No real estate commissions: Selling to a house-buying company means you won’t have to pay any Realtor commissions, keeping more money in your pocket.
  • Avoiding contingencies: Traditional sales often involve various contingencies that can delay or derail them; this isn’t an issue with house-buying companies.

However, it’s not all positive. One significant drawback of selling to a house-buying company in Pasadena is that you might not get as much money for your home as you would through the traditional market, often selling below market value. Here’s an overview of the disadvantages of selling to a ‘We Buy Houses’ Pasadena firm:

Cons:

  • Below-market-value offers: You’re likely to receive an offer less than what you might achieve on the open market.
  • Limited negotiation: The offer you receive is typically non-negotiable, giving you little room to push for a better deal.
  • Scam risk: While many house-buying companies are legitimate, there’s a risk of falling victim to house-buying scams, necessitating thorough vetting.
  • Less market exposure: By selling directly to a house-buying company, your property won’t be listed on the open market, potentially missing out on higher offers.

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 deciding to work with a “We Buy Houses for Cash” company in Pasadena, it’s important to remember that the integrity and service level these companies offer can significantly vary.

Your experience will largely depend on the character and reliability of the person or group behind the offer. Before moving forward with a cash sale, taking the time to vet the company thoroughly is crucial. Check online reviews, read through testimonials, and research their market presence and past transactions to gauge their reputation and reliability.

Moreover, understand the true value of your home before signing any agreements. Ensure you read the buying agreement carefully, paying close attention to the terms and conditions.

Consult with an experienced local agent to better understand 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 try our Home Value Estimator to get an initial ballpark estimate in less than two minutes.

Other options to sell your Pasadena home quickly

Working with iBuyers: Instant buyers, or iBuyers, use automated valuation models (AVMs) to offer a fast, tech-driven sale process. They typically conclude from the offer to closing in a few days to two weeks. Top iBuyer companies like Opendoor and Offerpad are ideal for good-quality homes, presenting offers closer to market value minus service fees of 5% to 6%. This process suits sellers in areas with uniform housing markets.

Listing with an agent: While not the first thought for those seeking a rapid sale, listing your property with a top real estate agent can also secure a quick sale, especially in seller-friendly markets. Agents can leverage strategic pricing and marketing to attract offers swiftly.

A significant advantage is obtaining a comparative market analysis (CMA), which is often free and provides a detailed market report to help set the right listing price. For those open to exploring this route, HomeLight can connect you with a top-performing agent, potentially leading to cash offers near your home’s market value.

FAQs on Pasadena house-buying companies

We Buy Houses for Cash in Pasadena vs. top Pasadena 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 Pasadena Sell with a top Realtor in Pasadena
Selling timeline 7 to 30 days 73 days average; 32 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 / 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 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 Pasadena is currently worth about $1,200,000 and needs about $50,000 in repairs. Once the repairs are completed, the home might be worth around $1,250,000.

Sell to a We Buy Houses for Cash company in Pasadena Sell with a top Realtor in Pasadena
Estimated sale price ($1,250,000 x .70) – $50,000 = $825,000 $1,200,000
Market preparations 0 $12,000 (1% of the sale price)
Agent commissions 0 $36,000 (3% of the sale price)
Closing costs 0 $18,000 (1.5% of the sale price)
Estimated take-home for seller $825,000 $1,134,000

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. Selling on the open market could be a challenge in your area, or the agent’s timeline might not fit your immediate needs.

Key takeaways

  • Speed and convenience: Selling to a house-buying company in Pasadena provides a swift transaction without the hassles of repairs, staging, or hosting potential buyers.
  • Below-market-value offers: While these companies offer quick cash, their offers typically fall below what you might achieve in a conventional home sale. Consider the tradeoffs and decide if the offered price aligns with your objectives.
  • Thorough research: Not all cash buyers are created equal. Do your due diligence to ensure the company or individual is reputable and trustworthy.
  • Alternative selling options: iBuyers and leading Pasadena real estate agents can often offer alternative routes that secure you a better deal.
  • Home valuation: Equip yourself with comprehensive knowledge. Obtain a CMA to determine the worth of your Pasadena home so you can make an informed decision.

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 Pasadena agent.

Editor’s note: This post is for educational purposes only. Links to and mentions of Pasadena 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: (paulbr75/ Pixabay)