5 Top We Buy Houses for Cash Companies in Springfield, MO
- Published on
-
Joseph Gordon Associate EditorClose
Joseph Gordon Associate EditorJoseph Gordon is an Associate Editor with HomeLight. He has seven years of experience reporting on the commercial real estate and insurance industries. He holds an MFA in Creative Writing from the University of San Francisco.
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
In Springfield, Missouri, We Buy Houses companies are gaining traction, offering a unique solution for homeowners looking to sell quickly. These companies make all-cash offers, often targeting homes that require some work. If you’re in a situation where time, expertise, or funds for repairs are limited, these cash offers can be a lifeline, allowing you to receive proceeds and move on with your life.
Selling your Springfield home for cash might be the answer you need, especially in unexpected or urgent circumstances. It’s a path that provides speed and convenience, bypassing the traditional, often lengthy, home-selling process.
This article aims to guide you through the intricacies of dealing with house-buying companies in Springfield. We’ll explore the pros and cons, helping you weigh your options and decide whether this route is right for your situation.
Simple Sale (We Buy Houses in Springfield, Missouri)
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 Springfield, Missouri.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Springfield area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Springfield
Navigating the process of selling your home to a house-buying company in Springfield can be straightforward and swift. Here’s a step-by-step guide to help you understand what to expect:
- Research companies: Research various We Buy Houses companies in Springfield. Look for those with a strong reputation and positive reviews to ensure you deal with a credible buyer.
- Initial contact: Reach out to the chosen company. This usually involves filling out a form on their website or making a phone call. You’ll provide basic information about your property, such as location, size, and condition.
- Property assessment: The company will then assess your property. This might involve an in-person visit or a virtual assessment to understand the condition and value of your home.
- Receive an offer: The company will make a cash offer for your home based on the assessment. Remember, this offer is typically non-negotiable and is a take-it-or-leave-it deal.
- Accept the offer: If you decide to accept the offer, you’ll go through a simple agreement process. This step usually involves signing a sales agreement to confirm the deal.
- Close the sale: Finally, you’ll close the sale. The company will handle most of the paperwork, and you can often receive the cash for your home within a matter of days.
Popular We Buy Houses for Cash companies in Springfield
If the process of selling to a house-buying company in Springfield 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’ French Tudor or Ranch-style home. You can sell your Springfield home in as little as a week or two by selling to one of these companies.
Ozarks House Buyers
Ozarks House Buyers, owned by Andrew, focuses on ensuring a quick sale, offering an escape for those feeling trapped in their current housing situations. While the business is their livelihood, they prioritize respect and genuine assistance, a commitment reflected in their client testimonials.
Locations: Springfield and surrounding areas
Closing costs: Sellers pay no closing costs; Ozarks House Buyers cover them.
Ozarks House Buyers has been BBB accredited since 2018 and holds an A+ BBB grade rating. Customers appreciate the seamless and straightforward selling process, with many highlighting the company’s excellent communication. They have a Google review rating of 4.8.
Website: ozarkshousebuyers.com
Phone number: 417-323-2611
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Springfield (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 Springfield.
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 Springfield
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 more than 500 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
Springfield Home Buyers
Springfield Home Buyers has been in business for 12 years, establishing themselves as a reputable home buying company in Springfield and extending their services to areas including Branson.
Locations: Springfield
Closing costs: Springfield Home Buyers often pay for closing costs.
Clients of Springfield Home Buyers consistently express high satisfaction with their experiences. A common sentiment is the company’s professionalism, exemplified by its honest and straightforward approach. They have a Google review rating of 4.6.
Website: springfieldhomebuyers.com
Phone number: 417-719-1444
Guy That Buys Homes
Guy That Buys Homes offers a solution for homeowners looking to quickly sell their properties without the hassle of traditional real estate processes. The company primarily aims to alleviate financial burdens, allowing clients to move forward and concentrate on life’s priorities.
Locations: Springfield
Closing costs: Sellers pay no closing costs; Guy That Buys Homes covers them.
Customers of Guy That Buys Homes have consistently highlighted their satisfaction with the company’s straightforward and stress-free transactions. Many praise the company for its unwavering integrity, character, and expertise.
Website: guythatbuyshomes.com
Phone number: 417-986-5060
We Buy Ugly Houses/HomeVestors
We Buy Ugly Houses, also known as HomeVestors, is a nationwide house-buying company that’s been around for over 25 years. It has franchises throughout the country, including Springfield and its surrounding cities.
Locations: Springfield and surrounding areas
Closing costs: Sellers pay no closing costs; Homevestors cover them.
HomeVestors has been BBB accredited since 2011 and holds an A+ BBB grade rating. T They’ve been particularly recognized for taking on challenging properties that other companies hesitated to handle.
Website: webuyuglyhouses.com/springfield/
Phone number: 866-949-2985
Why sell your Springfield house for cash?
There are plenty of valid reasons a Springfield home seller may choose to work with a Cash-For-Homes company. The primary benefits are speed, sale certainty, and remarkable convenience.
In Springfield, selling a home on the market typically takes around 68 days using an agent. That includes an average of 23 days on the market plus the typical 45 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 Springfield, 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 Springfield home for cash can be a practical solution in various situations. Let’s explore some common scenarios where opting for a house-buying company might be beneficial:
- Significant repairs needed: If your home has issues like outdated electrical systems or structural problems, selling for cash can avoid the hassle and expense of repairs.
- Urgent financial need: Whether it’s due to a divorce, medical bills, or job loss, a quick cash sale can provide the financial relief you need quickly.
- Lack of funds for renovations: If you can’t afford or don’t want to invest in home improvements, selling to a cash buyer eliminates this concern.
- Desire for a simple sale: Avoid the stress and time involved in traditional home selling, such as staging, showings, and lengthy negotiations.
- Privacy concerns: Selling off-market for cash offers a discreet way to sell your home without public listings or open houses.
- Facing foreclosure: A cash sale can be a way to quickly settle debts and avoid further damage to your credit history.
- Inherited property: Quickly unloading an inherited home can be easier through a cash sale, especially if you’re not interested in maintaining it.
- Landlord issues: A cash sale offers a straightforward exit for landlords tired of managing properties or dealing with difficult tenants.
- Senior transitioning: If you’re moving to a care facility or with family, selling your home for cash can simplify the transition.
- Out-of-state owner: For those living far from their Springfield property, a cash sale provides a hassle-free way to manage the transaction remotely.
If you are a homeowner facing any of these circumstances, requesting a cash offer from a We Buy Houses company might be a good option to consider. However, it’s prudent to consider this a starting point in your search for solutions. You won’t know if it’s your best move until you know more about other options available to you, which we’ll help you review next.
Pros and cons of house-buying companies in Springfield
When considering selling your Springfield home to a house-buying company, it’s essential to weigh the pros and cons. The most significant advantages are the speed of the transaction and the ability to sell your home as-is without needing repairs or preparations.
Pros:
- Quick sale: These companies can often close on your home in a matter of days, making them ideal for urgent situations.
- No repairs needed: You can sell your house in its current condition, avoiding the cost and time of making repairs.
- Simple process: The selling process is straightforward, with less paperwork and no need for staging or showings.
- No real estate fees: Selling directly to a cash buyer means you won’t have to pay realtor commissions or closing costs.
On the other hand, the most significant downside is that these companies typically offer less than the market value for your home, which might not be ideal if maximizing profit is your goal.
Cons:
- Lower offers: Expect offers below market value, as these companies aim to profit from future reselling.
- Limited negotiation: The price offered is usually final, giving you little room to negotiate.
- Less market exposure: Selling to a cash buyer means missing out on potential higher offers that might come from listing on the market.
- Potential for scams: It’s crucial to research and verify the credibility of the house-buying company to avoid scams.
As you consider these points, it’s also important to understand the value of your home and the credibility of potential buyers. In the next section, we’ll explore how to do just that.
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 you decide to work with a We Buy Houses for Cash company in Springfield, it’s important to remember that your experience can greatly vary depending on the integrity and service quality of the company you choose. The character of the person or group making the offer can significantly influence the outcome of your sale.
Before committing to a cash offer, take the time to vet the company thoroughly. Check online reviews, read testimonials from previous sellers, and research the company’s presence and performance in the Springfield market. This due diligence is crucial in ensuring you’re dealing with a reputable buyer. Additionally, be sure to read the buying agreement carefully before signing.
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 for an initial ballpark estimate in less than two minutes.
Other options to sell your Springfield home quickly
iBuyers: Instant buyers, or iBuyers, use automated valuation models (AVMs) to offer a quick, mostly online home selling experience. They provide all-cash offers, often closer to market value, for homes in good condition, with the entire process from offer to closing taking just a few days to two weeks. Keep in mind that iBuyers typically charge service fees of 5%-6%.
Listing with an Agent: While it may seem counterintuitive to discuss cash-for-homes companies, listing with a real estate agent is a viable option for a quick sale, especially in a seller-friendly market. Top agents can achieve fast sales through strategic pricing and effective marketing. They can also provide valuable insights through a Comparative Market Analysis (CMA), often for free, helping you set an appropriate listing price.
This option often yields the highest selling price and might even lead to cash offers close to market value. If you’re considering this route, HomeLight can connect you with a top-performing agent in your area.
FAQs on Springfield house-buying companies
By and large, most We Buy Houses for Cash companies in Springfield 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 Springfield 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 Springfield Ranch home could sell for $260,000 after repairs, but it will need $30,000 of work to get there.
($260,000 x .70) – $30,000 = $152,000
In this example, a Springfield We Buy Houses company might offer you around $152,000 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 Springfield 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 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, 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.
We Buy Houses for Cash in Springfield vs. top Springfield 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 Springfield | Sell with a top Realtor in Springfield |
| Selling timeline | 7 to 30 days | 68 days average; 23 to attract an offer, 45 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 Springfield is currently worth about $260,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $285,000.
| Sell to a We Buy Houses for Cash company in Springfield | Sell with a top Realtor in Springfield | |
| Estimated sale price | ($285,000 x .70) – $25,000 = $174,500 | $260,000 |
| Market preparations | 0 | $2,600 (1% of sale price) |
| Agent commissions | 0 | $15,080 (5.8% of sale price) |
| Closing costs | 0 | $3,900 (1.5%) |
| Estimated take-home for seller | $174,500 | $238,420 |
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: Remember, house-buying companies in Springfield offer a fast way to sell your home, often completing the process in days.
- As-is condition: These companies buy your home as it is, eliminating the need for repairs or renovations.
- Simple process: The selling process is straightforward, with minimal paperwork and no staging or showings.
- Lower offers: Be prepared for offers below market value, as these companies aim to make a profit.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
- Research is key: Thoroughly vet any house-buying company before proceeding. Check reviews and understand their buying agreement.
- Consider all options: Listing with a real estate agent might yield a higher selling price, especially in a seller-friendly market.
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 Springfield, Missiouri agent.
Header Image Source: (studiobassd / DepositPhotos)
