5 Top We Buy Houses for Cash Companies in Spokane
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Kelsey Morrison Former HomeLight EditorClose
Kelsey Morrison Former HomeLight EditorKelsey Morrison worked as an editor for HomeLight's Resource Centers. She has seven years of editorial experience in the real estate and lifestyle spaces. She previously worked as a commerce editor for World of Good Brands (eHow.com and Cuteness.com) and as an associate editor for Livabl.com. Kelsey holds a bachelor’s degree in Journalism from Concordia University in Montreal, Quebec, and lives in a small mountain town in Southern California.
If you own a house in Spokane, Washington that needs a lot of work — perhaps foundation issues, a leaky roof, or a drab and dated kitchen — “We Buy Houses” companies might be on your radar if you’re looking to sell.
These buyers make all-cash offers on houses, typically those that require renovations or repairs. This can be especially appealing to sellers without the time, expertise, or funds to fix up their properties, as it allows them to liquidate their assets and move on quickly.
If you are facing urgent or unexpected circumstances, opting for a cash sale through a house-buying company also ensures a fast and efficient closing process. However, there are drawbacks to this arrangement that are important to consider.
In this guide, we’ll explore the pros and cons of selling your home for cash. We’ll outline some of the most reputable “We Buy Houses” company serving the Spokane market, and dig into what you need to know to make an informed decision that aligns with your selling goals.
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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 Spokane area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Spokane
Selling your home in to a “We Buy Houses” company can streamline the sales process, especially if you’re looking for a quick turnaround. Here’s how the process typically works:
- Research companies: Start by looking into reputable house-buying companies in Spokane. Ensure they have a solid track record and positive reviews from past sellers.
- Submit your property details: Provide the company with information about your home. This usually involves filling out a form on their website or calling them directly to discuss your property.
- Schedule a walk-through: A representative from the company will likely conduct an in-person walk-through to assess your home’s condition and market value.
- Receive an offer: After reviewing your property details, the company will typically make an all-cash offer. This offer is often presented quickly, sometimes within 24 hours.
- Accept the offer: If the offer aligns with your expectations, you can accept it. Remember, these offers are usually non-negotiable.
- Close the sale: The closing process is often much faster with cash buyers. You might close the sale in as little as a week, allowing you to access the proceeds and move on with your plans.
- Move out: Once everything is finalized, it’s time to move out and transition to your next home or phase in life.
Popular We Buy Houses for Cash companies in Spokane
If the process of selling to a house-buying company in Spokane soundings enticing, the next step is to find a business you can trust.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ Craftsman bungalow or Greek Revival. By selling to one of these companies, you should be able to sell your Spokane home in as little as a week or two.
The Easy Home Buyer
Based in Spokane, The Easy Home Buyer is veteran-owned and has been in business for four years. Sellers can close in as few as seven days, or longer if they need to find a new place to live. The Easy Home Buyer covers all closing costs and purchases any type of property, from single-family homes to condos to vacant land. They also have a “leave behind” special for homeowners who don’t want to do any clean-up or junk removal.
Locations: Spokane, WA, and surrounding areas.
Closing costs: Sellers pay no closing costs; The Easy Home Buyer covers them.
The Easy Home Buyer has been accredited by the Better Business Bureau (BBB) since 2020 and has an A+ rating. They also boast a perfect Google rating of 5 stars based on over 100 reviews. Clients rave about the company’s fair dealings, fast communication, and professionalism. “The Easy Home Buyer was truly easy to work with,” reads a recent review. “It’s simple, they do what they say they will do and are upfront with how the process works.”
Website: theeasyhomebuyer.com
Phone number: 509-530-2088
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Spokane (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 neighborhoods throughout Spokane.
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 Spokane, WA.
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
Sell It Simple
Sell It Simple is a family-owned, Spokane-based company. They purchase homes for any reason, in any condition, and with any issue. Sellers can receive an offer within 24 hours of an initial discussion with Sell It Simple, and they can accommodate quick or extended closing timelines.
Locations: Spokane, WA, and surrounding areas.
Closing costs: Sellers pay no closing costs; Sell It Simple covers them.
BBB-accredited since 2023, Sell It Simple holds an A+ rating. They’ve also earned 4.4 stars on Google. Reviews mention the smooth and quick process, the employees’ professionalism, and flexible closing timelines. “They came to us with a fair offer, and the process was made simple and straightforward,” wrote a recent client. “We had an unusual case because we were selling our house remotely, and they made it work.” Negative reviews mostly focus on unsolicited phone calls and fliers.
Website: sellitsimple.com
Phone number: 509-385-0979
Homefront
Homefront was founded by two natives of the Inland Northwest. They purchase homes “as-is” in Spokane and Coeur d’Alene. Homeowners can receive a no-obligation cash offer in 12 hours or less, and closings can take place in as few as seven days. In certain instances, they even offer cash advances. In addition to single-family homes, Homefront also purchases apartments and land.
Locations: Spokane, WA, and Coeur d’Alene, ID.
Closing costs: Sellers pay no closing costs; Homefront covers them.
Homefront has been BBB-accredited since 2022 and holds an A+ rating. They also have a Google rating of 4.8 stars. Previous home sellers say they were impressed with the company’s excellent communication, speed and efficiency, and welcoming staff. “They were always available if I had a question and made sure I understood the process completely,” wrote a recent customer. “It could not have gone better!”
Website: homefrontbuys.com
Phone number: 509-381-4663
We Buy Houses Spokane
We Buy Houses is a national company with a presence in Spokane. They have worked with over 1 million homeowners in the last 10 years. The company is currently purchasing homes in Spokane, Spokane Valley, Liberty Lake, Cheney, and throughout Spokane County. They promise to make an offer within 24 to 48 hours and close in seven to 14 days.
Locations: Nationwide, including Spokane, WA.
Closing costs: Sellers pay no closing costs; We Buy Houses covers them.
We Buy Houses receives high praise for its professionalism, fairness, and efficiency. The Spokane branch, headed by Omri A., has a perfect 5-star rating on Google based on nearly two dozen reviews. “Omri has been responsive, communicative, fair, and honest in buying my home,” reads one review. “He worked with me to make sure the transaction went as smoothly as possible for my move out of state, which was invaluable during a very stressful time.”
Website: webuyhouses.com/wa/Spokane
Phone number: 509-563-7575
Why sell your Spokane house for cash?
Selling your Spokane home for cash can be a smart move, especially if you need things to happen quickly and without a lot of hassle.
Spokane is a seller’s market and it typically takes around 58 days to sell a home using an agent. That includes an average of 14 days for a house to go from “active” to “pending,” plus the typical 44 days a buyer needs to close on a purchase loan.
Compare that to the 7–14 days promised by many house-buying companies in Spokane, and it’s easy to see 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 selling to a house-buying company might be the most fitting solution:
- Job relocation: If you’re moving for a new job and need to sell your house quickly, a cash sale can simplify the transition.
- Divorce: Selling your home for cash can expedite the division of assets during a divorce, allowing you to focus on moving forward.
- Inherited property: Inheriting a home can come with complications; selling for cash may be the simplest way to handle it.
- Downsizing: If you’re considering downsizing to a smaller home or a retirement community, a quick home sale can get you there faster.
- Major repairs needed: If your home requires significant repairs, like foundation issues, selling for cash might avoid the hassle and expense.
- Avoiding open houses: Some sellers prefer not to deal with the inconvenience and invasion of privacy that comes with open houses.
- Facing foreclosure: Selling for cash might offer a way out if you’re at risk of foreclosure.
- Problem tenants: For landlords tired of dealing with difficult tenants, a cash sale offers an exit strategy.
- Selling from out of state: Managing a sale from afar can be challenging; a cash sale simplifies this process.
Pros and cons of house-buying companies in Spokane
Selling your Spokane home to a “We Buy Houses” company can seem like an attractive option, especially when you’re in a rush, or your property needs significant work. These companies offer speed and convenience, buying your house in “as-is” condition, meaning you don’t have to worry about repairs, cleaning, or preparations. However, selling to a cash buyer might not always net you the highest sale price, and it’s important to be aware of the potential for less-than-market-value offers and other drawbacks.
Here’s a quick breakdown of the pros and cons associated with selling to a “We Buy Houses” company:
Pros
- Speed of sale: One of the most significant advantages is the quick selling process, often closing in days rather than months.
- No need for repairs: Your home can be sold as-is, eliminating the need for any renovations or repairs.
- Avoid contingencies: Selling to these companies usually means you can bypass many of the typical sale contingencies, streamlining the process.
- Simplicity: The process is straightforward, with fewer steps and less paperwork than traditional real estate transactions.
Cons
- Below market value: Offers from house-buying companies are often below market value, impacting your potential profit.
- Limited negotiation: The take-it-or-leave-it nature of these offers leaves little room for negotiation.
- Potential for scams: While many companies are reputable, the industry has its share of scams.
- Loss of competitive bidding: Selling on the open market might result in a higher selling price due to competition among buyers.
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
Not all cash home buyers in Spokane are created equal. Selling your house fast via a cash offer sounds great, but the experience can be very different depending on the company you choose. Some are honest and reliable, while others might not be as upfront. Do your research to find a reputable buyer with a good track record.
Before you jump at the first cash offer that comes your way, take the time to vet multiple companies. Look at online reviews and see what past sellers have to say. Dig into the company’s background — how long have they been active in Spokane, and what’s their reputation? A little due diligence now can save you from headaches later on. Finally, make sure you understand every word of the buying agreement before you sign it to avoid surprises down the road.
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 Spokane. 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 Spokane home quickly
iBuyers
iBuyers, or instant buyers, offer a modern, largely online selling experience using automated valuation models (AVMs) to provide quick all-cash offers, often closer to market value, for homes in good condition. This process happens quickly, typically in a few days to a couple of weeks, but note that service fees of around 5%–6% apply. iBuyers, such as Opendoor and Offerpad, are best suited for sellers with properties in areas of uniform housing.
Listing with an agent
In a seller’s market like Spokane, partnering with a top real estate agent could lead to a quick sale, potentially at a higher price. Agents leverage a comparative market analysis (CMA), often provided for free, to strategically price and market your home. An experienced agent might even connect you with a buyer ready to make a near-market value cash offer. Consulting with an agent ensures that you’ve explored all options before possibly selling to a house-buying company. If you’re considering this route, HomeLight can connect you with an experienced agent in Spokane.
FAQs on Spokane house-buying companies
By and large, most We Buy Houses for Cash companies in Spokane 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 Spokane 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 Craftsman-style home in Spokane could sell for $390,000 after repairs, but it’s going to need $30,000 of work to get there.
($390,000 x .70) – $30,000 = $243,000
In this example, a Spokane We Buy Houses company might offer you around $243,000 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 good 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 Spokane 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 Spokane 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 Spokane vs. top Spokane 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 Spokane | Sell with a top Realtor in Spokane |
| Selling timeline | 7 to 30 days | 58 days average; 14 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 Spokane is currently worth about $390,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $415,000.
| Sell to a We Buy Houses for Cash company in Spokane | Sell with a top Realtor in Spokane | |
| Estimated sale price | ($415,000 x .70) – $25,000 = $265,500 | $390,000 |
| Market preparations | 0 | $3,900 (1% of sale price) |
| Agent commissions | 0 | $22,620 (5.8% of sale price) |
| Closing costs | 0 | $5,850 (1.5%) |
| Estimated take-home for seller | $265,500 | $357,630 |
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
- Selling to a Spokane Cash-For-Homes company offers a quick and hassle-free sale, ideal for urgent situations.
- You can sell your property in its current condition, avoiding the cost and time involved in making repairs.
- Thoroughly vet any house-buying company and understand the terms before proceeding.
- Be prepared to receive offers that may be less than the market value of your home. You should know your home’s value before you accept an offer.
- Consider alternative selling methods, such as iBuyers or listing with an agent, to potentially increase your sale price.
- HomeLight’s Simple Sale platform offers no-obligation, all-cash offers for Spokane homes in any condition, connecting you with a range of investors to kickstart your home sale journey.
When considering a sale to a Spokane “We Buy Houses” company, it’s crucial to gather multiple offers and carefully weigh your options before signing on the dotted line.
Consulting with a top Spokane agent can provide you with expert insights on how quickly and for how much your property might sell on the traditional market. HomeLight can connect you with either an experienced agent or a cash buyer, depending on your needs.
Header Image Source: (digidream/DepositPhotos)
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