5 Top We Buy Houses for Cash Companies in Tacoma
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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.
In Washington, homeowners needing to sell their homes quickly can find a solution in “We Buy Houses Cash” Tacoma companies. These firms specialize in making all-cash offers, often for properties needing repairs, which is a huge benefit for those short on time or resources for home improvements. If you’re dealing with a situation that requires an immediate sale, this guide is tailored for you.
A cash sale with a house-buying company in Tacoma can be straightforward, especially when traditional selling avenues seem daunting or time-consuming. These companies cater to various needs, from avoiding foreclosure to managing inherited properties, offering hassle-free processes.
This article will explore the intricacies of working with house-buying companies in Tacoma. We’ll dig into the advantages and challenges, providing a balanced view to help you make an informed decision.
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Working with house-buying companies in Tacoma
Selling your home in Tacoma to a house-buying company can be a seamless process, ideal for those needing a rapid transaction. Let’s break down the basic steps involved in this approach:
- Contact the company: Reach out to the company to express your interest in selling your home.
- Schedule a home assessment: The company evaluates your property, often considering its condition and market value.
- Receive an offer: Based on their assessment, you’ll receive a cash offer for your home.
- Accept the offer: If you’re satisfied, accept the offer to move forward.
- Complete paperwork: Handle the necessary paperwork and legal formalities.
- Close the deal: Finalize the sale and receive your cash payment.
Popular We Buy Houses for Cash companies in Tacoma
If the process of selling to a house-buying company in Tacoma sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some top companies that will pay cash for your or your parents’ bungalow or Victorian home. By working with one of these companies, you should be able to sell your Tacoma home in as little as a week or two.
Highest Offer Real Estate
Highest Offer Real Estate, a Tacoma-based brokerage and investment firm, provides homeowners with a streamlined path to selling their properties quickly for cash, regardless of condition or circumstance. It’s equipped to accommodate a wide range of seller needs, offering both speed and flexibility throughout the transaction.
The team extends cash offers within 24 hours of receiving property details, minimizing delays and uncertainty. They allow sellers to select their preferred closing date, ensuring a process tailored to individual timelines and goals.
Locations: Across Washington, including Tacoma
Closing costs: Sellers pay no closing costs; Highest Offer Real Estate covers them.
Known for adhering to ethical business practices, Highest Offer Real Estate has been accredited by the Better Business Bureau (BBB) since 2021 and holds an A+ rating. It earned a 5-star rating on Google, with customers commending the staff for its efficiency and knowledge in making home buying and selling seamless. They praise team members for being easy to work with.
Website: highestoffer.com
Phone: 253-201-3000
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Tacoma and across the country can request a cash offer for their home. It features one of the largest networks of cash buyers in the US, and 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 locations throughout Tacoma, even those that need some or a lot of work.
With Simple Sale, you can get a no-obligation, all-cash offer in as little as 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 Tacoma
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 received BBB accreditation in 2019 and now holds 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.
Website: homelight.com/simple
Phone: 844-488-8455
Kind House Buyers
Kind House Buyers, a house-buying company based in Tacoma, offers fast, fair cash solutions for homeowners looking to sell quickly. It provides competitive cash offers within 24 hours and allows homeowners to choose the closing date that best suits their needs.
Whether the home is in pristine condition or in need of repairs, Kind House Buyers aims to simplify the process and make selling as stress-free as possible. The team prioritizes building trust with sellers and maintaining a strong local reputation.
Locations: Across Washington, including Tacoma
Closing costs: Sellers pay no closing costs; Kind House Buyers covers them.
Since 2018, Kind House Buyers has been BBB accredited and currently maintains an A+ rating. Its Google Business Profile reflects a high 4.9-star rating, as clients commend the team’s transparency and knowledge. Past sellers highly recommend the company’s real estate solutions for anyone seeking a fast and respectful home-selling experience.
Website: kindhousebuyers.com
Phone: 253-766-5009
Know The Plan
Know The Plan is a family-owned home-buying company committed to simplifying the selling experience for property owners. The team offers a streamlined process that eliminates the need for repairs, fees, or complicated procedures.
Sellers receive clear guidance and support from initial inquiry through closing, with the flexibility to move forward at their own pace. The company specializes in fast, direct purchases, providing homeowners with a reliable cash solution when urgent sales are necessary.
Locations: Tacoma and surrounding areas
Closing costs: Sellers pay no closing costs; Know The Plan covers them.
Know The Plan has been BBB accredited since 2020 and has achieved a notable A+ rating. It currently has a 5-star rating with customers highlighting the team’s ability to act swiftly and facilitate quick sales even in challenging markets.
Many highlight the company’s responsiveness, noting that questions were answered quickly and clearly. The efficient process and professional support make clients eager to work with the company again.
Website: knowtheplan.org
Phone: 253-265-5153
253 Houses
253 Houses provides a streamlined alternative for those looking to sell their property without the delays of the traditional market. It delivers guaranteed offers within 24 hours and allows sellers to choose a closing date between 7 and 28 days, or later, depending on their needs.
Properties are purchased in as-is condition, eliminating the need for repairs, showings, or multiple walkthroughs. By removing the need for appraisals or financing approvals, the process is designed to reduce uncertainty and expedite the sale.
Locations: Tacoma and surrounding areas
Closing costs: Sellers pay no closing costs; 253 Houses covers them.
253 Houses holds an A+ rating with the BBB, being accredited since 2021. Its Google Business Profile maintains a 4.7-star Google rating, and clients say they appreciate the clear communication, responsiveness, and honest guidance provided throughout the process, even in complex situations.
Website: 253houses.com
Phone: 253-330-8228
Why sell your Tacoma 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 Tacoma, selling a home on the open market using an agent typically takes about 60 days. That includes an average of 19 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 typical seven to 10 days promised by many house-buying companies in Tacoma, and it’s clear why these cash-for-homes groups are an attractive option, even though they don’t offer top dollar for the homes they purchase.
Opting for a cash sale in Tacoma has unique advantages, especially when circumstances demand a quick and uncomplicated home sale. Here are some of the most common reasons homeowners choose to sell their homes for cash:
- Job relocation: You need to move quickly for a new job and can’t wait for a traditional home sale.
- Divorce settlement: You want to quickly divide assets and move on with your life.
- Inherited property: You’ve inherited a house and prefer a quick sale to dealing with maintenance or renting.
- Downsizing transition: You’re looking to move into a smaller home or a retirement community without the hassle of prepping and showing your current home.
- Repairs needed: Your home is in poor condition and requires significant repairs that you can’t afford or don’t want to manage.
- Traditional sale hassles: You prefer to avoid the stress and inconvenience of multiple showings and open houses.
- Structural damage: Your home has foundation problems, making it less attractive to traditional buyers.
- Foreclosure solution: You’re facing foreclosure and need to sell quickly to settle your debts.
- Problem tenants: You’re a landlord tired of managing tenants and want to sell your rental property quickly.
- Remote home sale: You own a property in Tacoma but live elsewhere and want the ease of a remote cash sale that eliminates the need to travel back and forth.
If you are a homeowner facing any of these circumstances, requesting a cash offer from a top We Buy Houses for Cash company in Tacoma might be a good option to consider. However, it’s important to think of this as 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 in a minute.
Pros and cons of house-buying companies in Tacoma
Using a house-buying company in Tacoma comes with its advantages and limitations. Here, we outline the key pros and cons to help you make a more informed decision:
Pros:
- Fast-paced deal: Experience rapid transactions, often closing within days.
- No repairs needed: Sell your house as-is, without investing in renovations.
- Simplified process: Avoid the complexities of the traditional selling route.
- Immediate payment: Receive a quick cash payout without delays.
Cons
- Lower offers: Typically, you’ll receive less than market value for your property, as companies take into account repair costs and profit margins.
- Limited negotiation: Offers from cash-for-homes companies are typically non-negotiable.
- Fewer options: Working with a house-buying company eliminates the chance of securing a higher offer from being listed on the open market.
- Scam risks: Some companies may pose as legitimate cash buyers but are actually involved in house-buying scams.
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 considering a cash offer for your Tacoma home, it’s essential to vet the house-buying company thoroughly. Research their reputation, read reviews, and understand their market presence. Always read the buying agreement carefully before signing. Knowing your home’s worth is also essential to ensure the cash offer you receive is fair.
Consult with an experienced local agent to better understand 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 your market. You can also try our Home Value Estimator for an initial estimate in less than two minutes.
Other options to sell your Tacoma home quickly
Working with iBuyers
Instant buyers or iBuyers use automated valuation models (AVMs) to offer near-instant home value estimates. They provide a mostly online experience, offering all-cash deals typically closer to market value for homes in good condition.
The process from offer to closing is quick, usually within a few days to two weeks. However, iBuyer companies like Opendoor and Offerpad charge service fees of 5% to 6% of the home’s sale price.
Listing with an agent
Listing with a top real estate agent can also result in a fast sale, especially in a seller-friendly market. An agent can provide a comparative market analysis (CMA), which helps determine an appropriate listing price and estimate the time to sell. Many agents offer CMAs, often free.
Partnering with a proven agent can yield the highest selling price, and they may even connect you with cash buyers willing to pay closer to market value. If you are interested in exploring the agent option, HomeLight can connect you with a top-performing real estate agent in your area today.
FAQs on Tacoma house-buying companies
Most We Buy Houses for Cash companies in Tacoma 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 it’s legitimate.
As with any financial transaction, it’s a good idea to be 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 Tacoma 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) 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 look at an example offer equation. Let’s say your Tacoma Victorian-style home could sell for $515,000 after repairs, but it will need $25,000 of work to get there.
($515,000 x .70) – $25,000 = $335,500
In this example, a Tacoma We Buy Houses company might offer you about $335,500 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.
Accepting an offer from a Tacoma We Buy Houses for Cash company can feel like a double-edged sword. On one hand, there are no extra costs, as these companies make an upfront offer and handle nearly everything after it’s accepted. On the other hand, you’ll likely receive less 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 affect your bottom line is always a good idea.
- Research and vet the house-buying companies that serve your Tacoma area. Our list above is a good place to start.
- Submit offer requests to a few 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 Tacoma vs. a top Tacoma 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 look at how various aspects of the sale could play out and compare the potential proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Tacoma | Sell with a top Realtor® in Tacoma |
| Selling timeline | 7 to 30 days | 60 days average; 19 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 the agent’s 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 Tacoma is currently worth about $490,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth about $515,000.
| Sell to a We Buy Houses for Cash company in Tacoma | Sell with a top Realtor in Tacoma | |
| Estimated sale price | ($515,000 x .70) – $25,000 = $335,500 | $490,000 |
| Market preparations | 0 | $4,900 (1% of the sale price) |
| Agent commissions | 0 | $14,700 (3% of the sale price) |
| Closing costs | 0 | $7,350 (1.5% of the sale price) |
| Estimated take-home for seller | $335,500 | $463,050 |
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 challenging in your area, or the agent’s timeline might not fit your immediate needs.
Key takeaways
- Understand your options: Explore different selling methods before deciding to partner with a house-buying company.
- Vet buyers thoroughly: Ensure the credibility of the house-buying company.
- Know your home’s worth: Understand your property’s estimated market value before you proceed with a cash-offer company.
- Seek professional advice: Consult a top Tacoma agent for market insights.
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 Tacoma agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Tacoma 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: (Zayn Shah / Unsplash)
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.