5 of the Top We Buy Houses for Cash Companies in Tempe
- Published on
- 15 min read
-
Sam Dadofalza Associate EditorClose
Sam Dadofalza Associate EditorSam Dadofalza is an associate editor at HomeLight, where she crafts insightful stories to guide homebuyers and sellers through the intricacies of real estate transactions. She has previously contributed to digital marketing firms and online business publications, honing her skills in creating engaging and informative content.
In a hurry to sell your house in Arizona and want to skip the hassle and expense of renovations? A “We Buy Houses” Tempe company might be your answer. These companies pay cash for properties in any condition or situation, whether it’s a rental unit you no longer wish to manage or a well-worn family home in need of repairs.
Selling your house for cash means you don’t have to worry about home improvements, deep cleanings, or weekend open houses. Sales often close in a few days to a couple of weeks, and there are typically no costs for the seller. The catch is that “We Buy Houses” companies tend to present offers that are below market value to turn a profit when they resell.
In this article, we’ll explore both the advantages and drawbacks of selling your house for cash in Tempe. We’ll highlight some of the most reputable “We Buy Houses” companies in The Valley, and share alternative methods for a quick home sale. With this knowledge, you’ll be able to confidently make a decision that fits your situation and selling goals.
Sell Your House Fast in Tempe With a Cash Offer
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 Tempe.
Working with We Buy Houses companies in Tempe
Working with a house-buying company offers fast home sale solutions. Here’s an overview of the steps involved in the process of selling your house for cash:
- Reach out to the company: To get the process started, submit your property details online or by phone. You’ll most likely be asked about your home’s size, age, location, and condition.
- Schedule a visit: Allow the company to inspect your home. They will evaluate the property’s condition and any needed repairs.
- Receive an offer: After the assessment, the company will typically make an all-cash offer on your home. This offer is usually non-negotiable, so consider it carefully.
- Review the terms: Go over the offer and understand all the terms and conditions.
- Close the deal: If you accept the offer, you’ll move forward with closing, which can often be completed in as little as a week. You’ll receive the funds in full via check or wire transfer at the time of closing.
Popular We Buy Houses companies in Tempe
Thinking about selling your Tempe house quickly to a cash buyer? Before you jump in, make sure you find a reputable company you can trust.
We’ve compiled a list of some of the top companies that will pay cash for your or your parents’ property, whether that’s a ranch-style home or a Pueblo Revival. By working with one of these companies, you should be able to sell your Tempe home in as little as a week or two.
AZ Home Buyer
Over the past 15 years, AZ Home Buyer has been purchasing homes throughout The Valley, including Tempe. To date, it has bought and flipped over 800 homes in various conditions, helping sellers facing unique challenges.
After submitting some basic information about your property, AZ Home Buyer will contact you to schedule a walkthrough or to request photos of the interior. You’ll then receive a same-day cash offer, which you are under no obligation to accept. If you decide to move forward with the sale, you can choose a closing date that works for you.
Locations: Greater Phoenix, including Tempe
Closing costs: Sellers pay no closing costs; AZ Home Buyer covers them.
AZ Home Buyer has been accredited by the Better Business Bureau since 2013 and holds an A+ rating. It boasts a 4.7-star rating on Google, with previous sellers praising the team’s no-pressure sales tactics, kind demeanor, and overall transparency.
Clients describe working with AZ Home Buyer as unexpectedly seamless and financially rewarding. Many highlight the company’s strong, upfront offers and substantial nonrefundable deposits, which often surpass those of other buyers. Sellers appreciate the professionalism and clarity throughout the process, especially when handling inherited properties.
Website: azhomebuyer.com
Phone number: 480-331-1819
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Tempe (and across the country) can request a cash offer for their home. It connects you to one of the largest networks 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 locations throughout Tempe.
With this platform, 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 Tempe
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 received its BBB accreditation in 2019 and now proudly maintains 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
We Buy Houses Arizona
We Buy Houses Arizona brings over two decades of experience purchasing properties in as-is condition throughout the Valley, including Tempe. To request a no-obligation cash offer, simply fill out the form on their website or give them a call.
The company advertises high offers and flexible terms, closing sales in as little as seven days. The service is 100% free for the seller — there are no fees or Realtor commissions to worry about.
Locations: Greater Phoenix, including Tempe
Closing costs: Sellers pay no closing costs; We Buy Houses Arizona covers them.
We Buy Houses Arizona has been BBB-accredited since 2019 and boasts an A+ rating. Its Google Business Profile bears an impressive 4.9-star rating. Clients commend their firm’s competitive offers, outstanding professionalism, and quick responses to questions.
Clients share that the entire process was smooth and stress-free all throughout. They appreciate how patient and respectful the team was, especially when dealing with personal or sensitive situations. Instead of using pushy tactics, the team kept things friendly and flexible.
Website: webuyhousesarizona.com
Phone number: 480-444-2274
BeneFlip Home Buyers
BeneFlip Home Buyers is a small, privately owned company based in Phoenix. It purchases homes as-is, allowing sellers to skip repairs, deep cleaning, or home staging. Clients can schedule a property viewing to receive a no-obligation cash offer in 72 hours or less.
Closing can happen in as little as two weeks or up to 30 days if you need more time to move. In some cases, the company lets homeowners stay in the house even after the sale, so they have more time and peace of mind to find a new place.
Locations: Tempe and surrounding areas, such as Phoenix, Buckeye, Glendale, Chandler, and Mesa
Closing costs: Sellers pay no closing costs; BeneFlip Home Buyers covers them.
Although its profile has a limited number of reviews, BeneFlip Home Buyers has a perfect 5-star Google rating. Past customers note that their selling experience was fantastic, with the team being very thorough and patient throughout the process. They appreciate how the staff took their time to answer all questions and never rushed. Many highly recommend BeneFlip Home Buyers for their friendly and helpful service.
Website: benefliphomebuyers.com
Phone number: 480-469-2606
LRT Offers
LRT Offers pays cash for houses in different cities in Arizona, including Tempe. Based in Peoria, it accommodates various types of real estate in as-is condition, including houses, apartment buildings, residential lots, commercial property, office property, and condo deconversion projects.
After viewing the property in person, the team presents a fair cash offer on the spot. Deals can close in seven days or less, and the seller isn’t on the hook for any fees, realtor commissions, or closing costs.
Locations: Tempe and surrounding areas, such as Phoenix, Glendale, Gilbert, Chandler, and Queen Creek
Closing costs: Sellers pay no closing costs; LRT Offers covers them.
LRT Offers has been BBB-accredited since 2021 and holds an A+ rating. It has an impressive 4.9-star rating on Google, with clients noting a seamless, satisfying selling experience with the company.
Many were impressed with the promptness of the process, often receiving strong offers just one day after reaching out. Reviewers also highlighted the fair terms provided, especially in the sale of family homes. Overall, clients are pleased with how smooth and straightforward the entire transaction was.
Website: lrtoffers.com
Phone number: 602-362-4742
Why sell your Tempe house for cash?
Selling your Tempe home for cash can offer a quick, straightforward alternative to the traditional market, especially under certain circumstances.
In Tempe, it typically takes around 82 days to sell a home using an agent. That includes an average of 42 days on the market, from listing to signed contract, plus the typical 40 days a buyer needs to close on a purchase loan.
Cash home-buying companies are becoming increasingly popular, especially with sellers who can’t afford the wait. Unlike traditional sales, which take weeks or even months to prepare, market, and close, cash home buyers offer a faster solution, often in seven to ten days.
Here are some common scenarios where opting for a house-buying company might be a fitting solution:
- Job relocation: If you need to move quickly for a new job, selling for cash simplifies the transition without the delays of a conventional sale.
- Divorce settlement: When going through a divorce, you might need to liquidate your assets quickly and equitably.
- Unwanted inheritance: Selling an inherited house quickly can relieve the responsibility of maintenance and taxes.
- Downsizing transition: For those looking to downsize, a quick cash sale provides an immediate solution without the hassle of traditional listings.
- Repairs needed: If your home is in poor condition and requires significant repairs, a cash offer allows you to skip the costly and time-consuming renovation process.
- Open house stress: Selling for cash means you can avoid the stress and invasion of privacy that come with open houses.
- Foundation issues: Homes with foundation problems can be particularly hard to sell, making cash offers an appealing alternative.
- Foreclosure risk: If you’re facing foreclosure, a fast cash sale might help settle debts quickly and alleviate financial stress.
- Tenants in place: Selling a rental property for cash can be straightforward even with tenants in place, avoiding complex eviction processes.
- Remote home sale: Managing a property sale from another state is challenging, and cash sales simplify this process significantly.
If you identify with any of the scenarios listed above, a cash sale may be right for you. However, it’s just one of several selling options to consider.
Pros and cons of house-buying companies in Tempe
Selling to a house-buying company in Tempe means fast transactions and minimal hassle. These companies typically purchase homes in any condition, eliminating the need for repairs. While convenient, selling to a cash-buying company in Tempe often results in receiving less than your home’s market value. This is a significant consideration for any seller.
In this next section, we’ll weigh the advantages and disadvantages of selling to a “We Buy Houses” company in Tempe:
Pros
- Quick closing: The process can be completed in as little as a week, providing immediate financial relief and allowing you to move quickly.
- No repairs needed: You can sell your house through an as-is home sale without worrying about making renovations or repairs.
- Simple transaction: The selling process is straightforward, without the typical complications like showings, staging, or multiple contingencies.
- No real estate fees: You won’t have to pay Realtor commissions or closing fees, which can save you money.
Cons
- Lower offers: Offers from cash buyers are typically below market value, which might not be the best financial decision if your situation allows for a traditional sale.
- Limited negotiation: The price offered is usually non-negotiable, leaving you with a take-it-or-leave-it decision.
- Scam risks: Not all house-buying companies are reputable. Some might engage in unethical practices or outright house-buying scams.
- Less market exposure: Selling directly to a buyer means missing out on potentially higher offers that could come from wider market exposure.
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 Tempe home, remember that the integrity and service level of house-buying companies can differ significantly. Your experience will depend largely on the character of the person or group making the offer. Before you commit, it’s crucial to thoroughly vet the company you’re considering.
Ensure you check reviews, read testimonials, and research the company’s market presence and past performance. Additionally, make sure to carefully read through the buying agreement before signing to fully understand all the terms and conditions.
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 Tempe. You can also try our Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Tempe home quickly
Working with iBuyers
Instant buyers, or iBuyers, use automated valuation models (AVMs) to make quick, all-cash offers for homes. These offers are generally closer to market value for properties in good condition, in areas with homogeneous housing stock.
The house-buying process is quick, typically concluding in a few days to two weeks. While convenient, be aware that iBuyer companies like Opendoor and Offerpad charge service fees of around 5% to 6%.
Listing with an agent
Although selling through an agent usually takes longer, it can result in a higher sale price and may still be quick in seller-friendly markets. Agents offer valuable market insights through a comparative market analysis (CMA), which is often compiled for free, to help set a competitive list price.
Agents might also connect you with cash buyers willing to pay closer to market value. If you’re considering this route, HomeLight can connect you with a top agent in your area.
FAQs on Tempe house-buying companies
By and large, most “We Buy Houses” companies in Tempe 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.
As described in our pros and cons list above, most Tempe “We Buy Houses” 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 Spanish-style house in Tempe could sell for $490,000 after repairs, but it will need $30,000 of work to get there.
($490,000 x .70) – $30,000 = $313,000
In this example, a Tempe “We Buy Houses” company might offer you around $313,000 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 they 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 Tempe “We Buy Houses” 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” 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 Tempe. 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 Tempe vs. top Tempe agent
Another helpful exercise is to compare how a “We Buy Houses” 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 company in Tempe | Sell with a top Realtor in Tempe |
| Selling timeline | 7 to 30 days | 82 days average; 42 to attract an offer, 40 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 compiled one example of how net proceeds may differ between selling a home to a “We Buy Houses” company and an agent-assisted sale.
Let’s say your home in Tempe is worth about $460,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $490,000.
| Sell to a We Buy Houses company in Tempe | Sell with a top Realtor in Tempe | |
| Estimated sale price | ($490,000 x .70) – $30,000 = $313,000 | $460,000 |
| Market preparations | 0 | $4,600 (1% of the sale price) |
| Agent commissions | 0 | $13,800 (3% of the sale price) |
| Closing costs | 0 | $6,900 (1.5% of the sale price) |
| Estimated take-home for seller | $313,000 | $434,700 |
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, convenient transaction: Selling to a “We Buy Houses” company in Tempe can significantly speed up the selling process.
- As-is sale: You can sell your house as-is, without investing in repairs or renovations.
- Due diligence: Vet cash-for-homes companies thoroughly to ensure you’re working with a reputable buyer.
- Lower offers: Avoiding traditional real estate commissions can save money, though offers may be below market value. That’s why it’s important to know your home’s value before agreeing to sell.
- Legitimate cash buyers: HomeLight’s Simple Sale platform presents no-obligation, all-cash offers for homes in any condition in Tempe, connecting you with a wide range of investors. It’s an ideal starting point for sellers who are unsure about their home’s target market.
Thinking about selling your house to a “We Buy Houses” company in Tempe? It can be a quick and easy option, but there’s more to consider. Gathering multiple offers lets you compare prices and find the best deal for your situation. Consulting with a top Tempe agent can also provide insights on how soon and for how much your property might sell on the open market.
Let HomeLight 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 agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Tempe 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: (n.tati.m/DepositPhotos)
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.
