We Buy Houses Springdale: Top 5 Companies
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- 15 min read
- Joseph Gordon EditorCloseJoseph Gordon Editor
Joseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
If you’re looking to sell your house quickly, partnering with “We Buy Houses” Springdale companies is an excellent alternative to the traditional real estate market. These firms make all-cash offers for homes that may need some repairs, saving you from the headaches of making a property market-ready. They allow you to get paid in a matter of days, not months.
In this post, we’ll cover the pros and cons of working with Springdale’s house-buying companies, the amount they typically pay, and alternative ways to sell quickly.
Working with house-buying companies in Springdale
If you’re a Springdale homeowner needing a quick, straightforward sale, working with a house-buying company could be a simple option. Here’s an overview of the basic steps involved in the process of selling your home for cash:
- Contact the company: Reach out to a reputable cash-for-homes company in Springdale to express your interest in selling.
- Provide property details: Share basic information about your house, such as its condition, location, and any repairs it may need.
- Schedule a home evaluation: The company will typically set up a time to visit your home or review its details to assess its value.
- Receive an offer: After evaluating your property, the company will present a cash offer, often with a quick turnaround time.
- Review the contract: If you choose to move forward, review the contract terms and timeline for closing.
- Close and get paid: Once everything is finalized, you’ll close on the sale and receive your payment in cash, often within days.
Popular We Buy Houses for Cash companies in Springdale
If the process of selling to a house-buying company in Springdale 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-style home or a traditional two-story house. By working with one of these companies, you should be able to sell your Springdale home in as little as a week or two.
Little Rock Property Buyers
Little Rock Property Buyers streamlines the selling experience by presenting fast, instant cash offers to Arkansas homeowners. After receiving a homeowner’s property details, the company presents a fair cash offer within 24 hours. Closings can be completed in as little as seven days or even the same day, while also accommodating the seller’s preferred timeline.
Locations: Little Rock, Central, and Northwest Arkansas, including Springdale.
Closing costs: Sellers pay no closing costs; Little Rock Property Buyers covers them.
Backed by strong client reviews, Little Rock Property Buyers earned a high 4.8-star rating on Google. Past sellers commend the team’s fairness and straightforward dealings when making offers on properties. Many highlight the integrity the team brings to every transaction, which builds trust with sellers.
The customer service is consistently described as professional and supportive. Reviewers also emphasize the positive experience of working with a group that values honesty and reliability.
Website: propertybuyersar.com
Phone number: 501-381-7493
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Springdale (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 Springdale.
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 Springdale
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 accredited by the Better Business Bureau (BBB) since 2019 and currently holds an impressive A+ rating. The company has 4.5 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
NWA Cash
NWA Cash understands that selling a house can often be stressful and overwhelming. The company is committed to helping homeowners in Northwest Arkansas by offering a fast, straightforward process that eliminates the typical challenges of a traditional sale. Properties are purchased as-is, with no repairs, fees, or commissions required. Homeowners can receive a fair cash offer within 24 hours and close in as little as seven days.
Locations: Northwest Arkansas, including Springdale
Closing costs: Sellers pay no closing costs; NWA Cash covers them.
Dedicated to providing great service to clients, NWA Cash earned a 5-star average on Google. Customers describe the company as professional and dependable, able to move quickly, make fair cash offers, and deliver on their promises without unnecessary delays.
Sellers in challenging circumstances especially value the team’s ability to provide straightforward solutions. Many highlight their skill in closing off-market opportunities with efficiency.
Website: nwacash.com
Phone number: 479-777-0005
KC Property Connection
Although based in Kansas City, KC Property Connection buys homes in Arkansas, helping homeowners sell fast. Clients are not responsible for agent commissions, repair costs, fees, or closing expenses, and they can leave the property as-is without worrying about repairs or cleaning.
The company provides fair cash offers for homes in any condition, accommodating a wide range of selling situations. Homeowners retain full control over the timeline, selecting a closing date that best fits their needs.
Locations: Arkansas, including Springdale
Closing costs: Sellers pay no closing costs; KC Property Connection covers them.
Known for its commitment to ethical standards, KC Property Connection has been accredited by the BBB since 2020, maintaining an A+ rating. Its Google Business Profile features 4.9 stars on Google, as many clients commend the friendly, approachable team.
Reviewers highlight how simple and quick the process is, from initial contact to closing. Many appreciate the team’s professionalism and clear communication throughout the transaction.
Website: kcpropertyconnection.com
Phone number: 816-600-4417
We Buy Houses Arkansas
Established in 1997, WeBuyHouses.com is a well-established real estate investment firm active in more than 200 markets throughout 30 states, focusing on purchasing homes regardless of their condition. Known for their dependable service, they have assisted over one million property owners.
The company offers strong cash offers, even in difficult situations like missed mortgage payments or the threat of foreclosure. On average, sellers can expect to close within seven to 14 days.
Locations: Nationwide, including Springdale
Closing costs: Sellers pay no closing costs; We Buy Houses covers them.
Recognized by the BBB since 2020, We Buy Houses has an A+ grade from the bureau. Its Google Business Profile earned 3.7 out of 5 stars, as the client feedback is varied. Many rave about the excellent service and give high ratings, praising the overall experience.
Others, however, raise concerns about how they were contacted, especially when callers didn’t introduce themselves. While some transactions go smoothly and professionally, others highlight uneven communication and a less consistent customer experience.
Website: webuyhouses.com
Phone number: 877-932-8946
Why sell your Springdale 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 Springdale, selling a home on the open market using an agent takes around 88 days. That includes an average of 47 days listed on the market until a 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 Springdale, 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 selling to a cash buyer could be an ideal solution.
- Job relocation: A quick sale can help you avoid leaving an unsold home behind when you’re relocating for a job.
- Divorce settlement: Selling to a cash buyer may simplify the process when you’re navigating property division during a divorce.
- Unwanted inheritance: If you’ve inherited a house you don’t plan to keep, a quick cash sale can help you transition smoothly.
- Downsizing prep: Whether due to retirement or lifestyle changes, selling for cash can ease the process when downsizing.
- Expensive fixes: When major repairs are needed, a cash sale can spare you the time and money associated with fixing up a house in poor condition.
- Traditional sale hassles: If you want to skip the open house process, a direct cash sale allows you to sell with more privacy and less disruption.
- Structural damage: Selling to a cash buyer can be a simple solution if your home has foundation issues, which often turn off traditional buyers.
- Foreclosure prevention: A cash sale could help you pay off your mortgage if you’re at risk of foreclosure.
- Challenging tenants: If you’re ready to sell a rental with tenants in place, a cash sale can relieve you of the complications.
- Remote home sale: When managing a home sale from out of state, a house-buying company can help you close quickly and avoid travel.
Pros and cons of house-buying companies in Springdale
When selling a home, speed and convenience are often top priorities, which is where “We Buy Houses” companies come in. These firms offer quick cash offers and a simplified selling process, appealing to many homeowners.
However, like any option, they come with trade-offs that may not suit everyone. Understanding both the advantages and potential drawbacks can help you decide if this route is right for your situation.
Pros
- Quick closing: House-buying companies can typically close in as little as a week, allowing you to quickly move on to the next chapter.
- No repairs needed: You don’t have to worry about repairs or upgrades, which can save you time, effort, and money.
- Guaranteed sale: A house-buying company provides a reliable, immediate buyer with no contingencies, eliminating uncertainty about closing.
- Simple process: With a straightforward sale process, there’s no need for open houses or repeated showings, making the transaction more private and efficient.
Cons
- Reduced sale price: Cash offers from house-buying companies are often lower than what you might achieve through a traditional market sale as they account for repair costs and profit margins.
- Limited negotiation: Most house-buying companies present a take-it-or-leave-it offer, so there’s usually little room for negotiation on the price.
- Potential scams: Some companies are reputable, but homeowners should be cautious of house-buying scams and untrustworthy buyers offering unrealistic promises.
- Less competitive: In a hot market, selling traditionally could result in multiple offers, potentially leading to a higher sale price than a direct cash offer.
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 can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits. Your experience depends on the character of the person or group making the offer.
Before committing to a cash offer, it’s crucial to vet the company thoroughly. The level of service and integrity you experience from a house-buying company can vary, so make sure to:
- Research market presence: Investigate how long the company has been buying homes in your area and how they’ve performed in the market.
- Check reviews: Look for online reviews and ratings to see what other sellers have said about their experience with the company.
- Ask for referrals: Go beyond reviews and ask actual clients to get a better sense of the company’s reputation and trustworthiness.
- Examine the agreement: Before signing anything, read the buying agreement carefully to ensure you fully understand the terms and conditions of the sale.
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 Springdale. 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 Springdale home quickly
Working with iBuyers: Instant buyers or iBuyers like Opendoor and Offerpad use automated valuation models to deliver quick cash offers through a mostly online process. They buy homes in good condition, often offering closer to market value with closing times as fast as a few days to two weeks.
However, major iBuyer companies often charge service fees ranging from 5% to 6% of the home’s sale price. They’re best suited for homes in areas with uniform property types.
Listing with an agent: In a seller-friendly market, listing with a top real estate agent could result in a fast sale and a higher sale price. Agents provide a comparative market analysis, which is often free, to help you price your home strategically and appeal to several buyers. A skilled professional may introduce you to cash buyers willing to pay closer to your home’s market value. If you’re interested, HomeLight can connect you with a top-performing real estate agent.
FAQs on Springdale house-buying companies
By and large, most We Buy Houses for Cash companies in Springdale 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 Springdale 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 Springdale ranch-style home could sell for $365,000 after repairs, but it will need $25,000 of work to get there.
($365,000 x .70) – $25,000 = $230,500
In this example, a Springdale We Buy Houses company might offer you around $230,500 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 Springdale 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.
1. Research and vet the house-buying companies that serve your Springdale area. Our list above is a good place to start.
2. Submit offer requests to a few of the companies you like best.
3. Schedule any required on-site property visits.
4. Compare offers. Weigh the pros and cons and choose the best option for you.
5. 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 Springdale vs. top Springdale 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 Springdale | Sell with a top Realtor in Springdale |
Selling timeline | 7 to 30 days | 88 days average; 47 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 Springdale is worth about $340,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $365,000.
Sell to a We Buy Houses for Cash company in Springdale | Sell with a top Realtor in Springdale | |
Estimated sale price | ($365,000 x .70) – $25,000 = $230,500 | $340,000 |
Market preparations | 0 | $3,400 (1% of the sale price) |
Agent commissions | 0 | $10,200 (3% of the sale price) |
Closing costs | 0 | $5,100 (1.5% of the sale price) |
Estimated take-home for seller | $255,000 | $321,300 |
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’s timeline might not fit your immediate needs.
Key takeaways
- Fast sales: Cash-for-homes companies offer Springdale homeowners a quick way to sell, often closing within a week or two.
- No repairs needed: These companies buy your home as-is, so you don’t have to handle costly or time-consuming repairs.
- Streamlined process: With no open houses or showings, cash sales are usually private and hassle-free.
- Lower offers: Cash-for-homes companies typically offer below market value, so you may receive less than through a traditional sale.
- Limited negotiation: Offers are often non-negotiable, so you’ll need to be comfortable with a straightforward, take-it-or-leave-it proposal.
- Home valuation insights: 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 Springdale agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Springdale 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: (Jonathan Cooper/ Pexels)