We Buy Houses Shreveport: 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 Shreveport home can feel overwhelming or near impossible, especially if your property needs repairs and you lack the time, expertise, or money to address them. That’s where We Buy Houses companies in Shreveport can step in. These companies will pay cash for properties in almost any condition, usually providing an offer in a matter of days.
If you’re facing financial hardship, dealing with a sudden move, or inherited property, selling to a cash-for-homes company could be the right choice for you.
This post will guide you through how the process works, outlining the pros and cons of working with house-buying companies in Shreveport while also providing you with some alternatives.
Sell Your House Fast in Shreveport With a Cash Offer
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Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Shreveport area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Shreveport
Working with house-buying companies in Shreveport offers property owners a fast way to sell compared to working with a real estate agent. It’s a simple process, but there are a few steps you should know:
- Reach out: Call or visit a trusted house-buying company in Shreveport.
- Share property information: Provide details about your home, including its location, size, and condition. The company will use this information to assess your home’s value.
- Set up an evaluation: Schedule a time for the company to visit your property and perform a thorough evaluation.
- Get a cash offer: After the evaluation, the company will typically present you with a cash offer within 24 to 48 hours.
- Agree to terms: If you accept the offer, you’ll sign a purchase agreement to proceed with the sale.
- Finalize the sale: Complete the transaction at a local title company, where you’ll receive your payment and transfer ownership, often within a week.
Popular We Buy Houses for Cash companies in Shreveport
If the process of selling to a house-buying company in Shreveport 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’ southern colonial or craftsman. By selling to one of these companies, you should be able to sell your Shreveport home in as little as a week or two.
We Buy Houses
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 Shreveport.
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. Customer reviews for WeBuyHouses.com speak to their professionalism and understandable procedure.
Website: webuyhouses.com/LA/Shreveport
Phone number: 877-932-8946
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Shreveport (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 Shreveport.
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 Shreveport
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
Bigger Equity
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: BiggerEquity buys houses throughout Louisiana, including Shreveport. The company serves homeowners in all 50 U.S. states.
Closing costs: Sellers pay no closing costs; BiggerEquity covers them.
BiggerEquity has been BBB accredited since 2018 and holds an A+ rating and 4.8 stars on Google. Customer reviews on Google for BiggerEquity speak to a smooth, transparent, and up-front process without pressure or surprises.
Website: biggerequity.com/louisiana/shreveport
Phone number: 866-333-8377
Stewardship Properties
Stewardship Properties specializes in transforming distressed properties into quality affordable housing. They also engage private lenders, ensuring consistent funding and rewarding them generously for their trust.
Locations: Shreveport and surrounding areas.
Closing costs: Stewardship Properties often pays for closing costs.
Customers appreciate the ease of communication through both phone and text. A standout feature for clients is the company’s fair cash offers for houses, complemented by their thorough explanation of how they arrive at their offer figures. They have a Google review rating of 4.2.
Website: stewardshipproperties.com/louisiana/shreveport
Phone number: 1-855-808-5208
House Buyer Network
House Buyer Network is a nationwide company established in 2004 that specializes in buying houses for cash. They serve various locations throughout the country and have a reputation for helping homeowners facing challenges such as job relocation, expensive home repairs, inheritance, financial distress, and more.
Locations: Nationwide, including Shreveport.
Closing costs: Sellers pay no closing costs; House Buyer Network covers them.
The company has received positive feedback from customers who appreciate their quick and efficient service. According to their website, homeowners have praised the company for its transparency, ease of the selling process, and the ability to buy property regardless of its condition.
Website: housebuyernetwork.com/house-buyers-shreveport-louisiana
Phone number: 855-835-2544
Why sell your Shreveport house for cash?
If you need to sell your home fast, a We Buy Houses company can’t be beat. Property owners typically choose these companies for their ability to make an offer in a matter of days, especially when compared to selling on the traditional market.
In Shreveport, it typically takes around 96 days to sell a home on the market using an agent. That includes an average of 54 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 Shreveport, 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 are some common scenarios where working with a house-buying company might be the right move for you and your family:
- Job relocation: You need to move for a new job relocation and want to sell your house quickly.
- Divorce: A swift sale is necessary to divide assets and move forward with your life after a divorce.
- Inherited property: You’ve inherited a home and prefer to sell it quickly without the hassle of repairs and maintenance.
- Downsizing: You’re looking to move into a smaller home or a retirement community and want to sell your current house fast.
- Major repairs: Your home requires significant repairs that you can’t afford or don’t want to undertake.
- Avoid open houses: You prefer not to deal with the stress and inconvenience of staging and showing your home.
- Foundation issues: Your house has foundation problems, and you want to sell without making costly repairs.
- Facing foreclosure: You need to sell your home quickly to avoid foreclosure and protect your credit.
- Problem tenants: You own a rental property with difficult tenants and want to sell without evicting them.
- Selling from out of state: You live out of state and need a quick, convenient sale without traveling back and forth.
Pros and cons of house-buying companies in Shreveport
When considering selling your home to a house-buying company in Shreveport, it’s essential to weigh the pros and cons.
House-buying companies offer the ability to sell your home quickly, without the need to make expensive repairs. Here are the primary upsides:
- Quick sale: These companies can close deals in as little as a week, allowing you to move on quickly.
- Sell as-is: They purchase homes as-is, so you don’t have to worry about making repairs or improvements.
- No contingencies: These companies often buy without contingencies, reducing the risk of the deal falling through.
- Convenience: The process is straightforward and hassle-free, saving you the effort of staging, marketing, and negotiating.
However, there are significant drawbacks to consider. The most notable is that you will likely receive below market value for your home compared to selling with a real estate agent. Here are some key drawbacks to consider:
- Lower offers: Expect offers to be significantly lower than what you might receive on the open market.
- Potential scams: There is a risk of encountering scams or unscrupulous buyers, so it’s crucial to vet companies carefully.
- No competitive bidding: Without listing on the market, you miss out on the possibility of multiple offers driving up the sale price.
- Limited negotiation: These companies typically present take-it-or-leave-it offers, leaving little room for negotiation.
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
Most We Buy Houses companies are legitimate, but outliers exist. It’s important to have a good handle on what to look for to avoid any possible scams. Here are some quick tips to ensure you work with a reputable buyer:
- Check reviews: Look for online reviews and ratings to see what past clients have to say about their experiences.
- Read testimonials: Review customer testimonials on the company’s website to get a sense of its service quality and reliability.
- Research the company: Investigate the company’s market presence and performance to ensure they have a solid reputation.
- Review the agreement: Carefully read the buying agreement before signing to understand all terms and conditions.
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 Shreveport home quickly
iBuyers
iBuyers, or instant buyers, leverage automated valuation models (AVMs) to provide near-instant home value estimates. This mostly online process offers all-cash deals closer to market value for homes in good condition. The iBuyer process is fast, typically from a few days to two weeks. However, iBuyers like Opendoor and Offerpad charge service fees of 5%-6%.
Listing with an agent
While most homeowners looking at house-buying companies want a fast sale, listing with a top real estate agent can also result in a quick sale in a seller-friendly market. An agent can provide a comparative market analysis (CMA) to determine an appropriate listing price.
A CMA evaluates your home’s size, features, location, and age compared to similar properties recently sold in your area, often for free. Using an agent could yield a higher selling price, and an experienced agent might connect you with buyers offering close to market value. If you’re interested, HomeLight can connect you with a top-performing real estate agent today.
FAQs on Shreveport house-buying companies
By and large, most We Buy Houses for Cash companies in Shreveport 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 Shreveport 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 Shreveport southern colonial home could sell for $170,000 after repairs, but it will need $30,000 of work to get there.
($170,000 x .70) – $30,000 = $89,000
In this example, a Shreveport We Buy Houses company might offer you around $89,000 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 Shreveport 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 Shreveport 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 Shreveport vs. top Shreveport 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 Shreveport | Sell with a top Realtor in Shreveport |
| Selling timeline | 7 to 30 days | 96 days average; 54 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 Shreveport is worth about $170,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $195,000.
| Sell to a We Buy Houses for Cash company in Shreveport | Sell with a top Realtor in Shreveport | |
| Estimated sale price | ($195,000 x .70) – $25,000 = $111,500 | $170,000 |
| Market preparations | 0 | $1,700 (1% of sale price) |
| Agent commissions | 0 | $9,860 (5.8% of sale price) |
| Closing costs | 0 | $2,550 (1.5%) |
| Estimated take-home for seller | $111,500 | $155,890 |
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
- Quick sale: House-buying companies can close deals fast, often within a week, providing a quick solution for urgent situations.
- Sell as-is: These companies purchase homes in any condition, so you don’t need to worry about making repairs or improvements.
- No contingencies: reducing the risk of the deal falling through.
- Convenience: The process is straightforward and hassle-free, saving you time and effort.
- Lower offers: Expect to receive offers below market value compared to selling with a real estate agent.
- Potential scams: It’s crucial to vet companies carefully to avoid potential scams.
- Limited negotiation: These companies usually present take-it-or-leave-it offers with little room for negotiation.
- Missed competitive bidding: You might miss out on multiple offers that could drive up the sale price if you don’t list on the market.
- 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 help you navigate 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 Shreveport agent.
Header Image Source: (sepavone / Depositphotos)
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