6 Top We Buy Houses for Cash Companies in Whitefish Bay
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Richard Haddad Executive EditorClose
Richard Haddad Executive EditorRichard Haddad is the executive editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
If you need to sell your Whitefish Bay, Wisconsin, home quickly, a top “We Buy Houses for Cash” company offers a fast, convenient solution with an all-cash offer, even for homes needing repairs. This can be a great option if you want to avoid the hassle of repairs and preparations.
However, as with any major decision, there are pros and cons. This post will break down the process and help you evaluate the benefits and drawbacks of working with a cash-for-homes company in Whitefish Bay.
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Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Whitefish Bay area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Whitefish Bay
Turning to a house-buying company can simplify the home-selling process, especially when a quick sale is essential. If you’re contemplating this route for your Whitefish Bay home, here’s how the process typically works:
- Research local companies: Begin by identifying reputable house-buying companies in Whitefish Bay. Look for reviews, ratings, and testimonials to gauge their credibility.
- Contact the company: Once you’ve pinpointed a company, reach out to discuss your home’s details. This initial conversation typically entails an online form or a company representative asking basic questions about your property.
- Schedule a property evaluation: The company will set up a time to visit and assess your home. This helps them determine its value and the potential offer.
- Receive a cash offer: After the evaluation, the company will present you with a no-obligation, all-cash offer for your property.
- Review and decide: Take your time to review the offer. Ensure it aligns with your expectations and needs. Remember, you’re under no obligation to accept.
- Close the deal: If you agree to their terms, the company will handle most of the paperwork and set a closing date, often within a few days to a week. You’ll then receive your cash, completing the sale process.
Popular We Buy Houses for Cash companies in Whitefish Bay
If the process of selling to a house-buying company in Whitefish Bay 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 Tudor-style house or your parents’ Mediterranean Revival. By selling to one of these companies, you should be able to sell your Whitefish Bay home in as little as a week or two.
Brew County Homebuyers, LLC
Brew County Homebuyers, a family-owned real estate solutions company established in Milwaukee, offers homeowners relief from challenging situations like foreclosures and burdensome properties. Their streamlined process involves a free property assessment, quick appointments, and fair, no-obligation offers, often within 24 hours. With the ability to close deals in as few as seven days, they prioritize flexibility and efficiency. Serving Milwaukee and Waukesha counties, Brew County Homebuyers distinguishes itself by buying homes as-is, so you can skip the repairs, cleaning and preparation.
Locations: All across Wisconsin, including Whitefish Bay
Closing costs: Sellers pay no closing costs; Brew
Brew County Homebuyers holds a 4.6-star rating on Google and has been accredited by the BBB since 2020 with an A+ rating. The company garners praise for its smooth and efficient transactions. Clients commend their staff’s professionalism, describing the process as straightforward and seamless. They are lauded for being patient and compassionate, supporting clients through difficult circumstances. Notably, the team’s dedication and support shine through, making the home-selling process easier and more comforting, even during challenging situations. The positive experiences highlight the company’s reliability and commitment to clients’ needs.
Website: brewcountyhomebuyers.com
Phone number: 262-393-3311
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Whitefish Bay (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, 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, even those that need some or a lot of work, in locations throughout Whitefish Bay.
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 Whitefish Bay
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
Metro Milwaukee Home Buyer
Metro Milwaukee Home Buyer is a family-owned company offering a quick, streamlined process to homeowners looking to sell their houses for cash. To initiate the process, homeowners can fill in an online contact form, call, or message the company to schedule a convenient inspection. After a quick assessment, Metro Milwaukee Home Buyer provides a cash offer, and if accepted, they proceed with the necessary paperwork and aim to close the deal within two weeks.
Locations: Milwaukee and surrounding areas, including Whitefish Bay
Closing costs: Sellers pay no closing costs; Metro Milwaukee Home Buyer covers them.
Metro Milwaukee Home Buyer holds a 5-star rating on Google with more than 70 reviews and has been accredited by the BBB with an A+ rating. They are described by clients as professional, helpful, and responsive throughout the process, making it easy and painless. Clients appreciate the fair offers they receive, especially when selling as-is. Metro Milwaukee Home Buyers is also commended for accommodating unique situations and being honest and considerate of clients’ interests.
Website: metromilwaukeehomebuyer.com
Phone number: 414-435-2888
Cream City Home Buyers, LLC
Cream City Home Buyers is a local real estate investment firm in Milwaukee. They aim to provide win-win solutions to homeowners facing difficult situations. According to their website, they buy houses, fix them up, and rent them out at affordable rates, contributing positively to neighborhoods and communities. They state that their core principles are honesty, fairness, and transparency, and ensuring every homeowner is treated respectfully. They offer help to those dealing with foreclosure, delinquent taxes, code violations, or inherited properties. They prioritize creating mutually beneficial outcomes for both parties involved.
Locations: All over the greater Milwaukee Metro area, including Whitefish Bay
Closing costs: Sellers pay no closing costs; Cream City Home Buyers covers them.
Cream City Home Buyers has been accredited by the BBB since 2018 and holds an A+ rating. Google reviewers give the company a perfect 5-star rating and praise the staff at Cream City Home Buyers for being polite, patient, and accommodating throughout the process. Past customers comment on the company’s fair pricing and excellent service. Clients also appreciate the easy paperwork completion and streamlined as-is sales.
Website: creamcityhomebuyers.com
Phone number: 414-488-0082
414 HomeBuyers, LLC
414 HomeBuyers is a real estate solutions company in Milwaukee that provides a viable alternative to traditional property sales. They offer solutions to homeowners facing various challenges like foreclosure, burdensome properties, probate, or other difficult situations. As a family-owned business, 414 HomeBuyers focuses on understanding the unique needs of homeowners and providing them with effective options.
Locations: All of Wisconsin, including Whitefish Bay, Milwaukee County
Closing costs: Sellers pay no closing costs; 414 Homebuyers covers them.
414 Homebuyers has been accredited by the BBB since 2022 and holds an A+ rating. Google reviewers give the company a 4.9-star rating and praise the team, describing the staff as communicative, patient, and helpful throughout the entire process. Clients appreciate the lack of pushiness and the clear explanations provided at every step. They also value the compassionate and competent nature of the team, who they say provided realistic expectations and made the selling process comfortable.
Website: 414homebuyers.com
Phone number: 414-207-9075
Beau Buys Houses
Beau Buys Houses, a seasoned player in the real estate market since 2008, offers swift and straightforward property transactions in the Milwaukee area and surrounding communities. With an unwavering commitment to integrity and convenience, they specialize in buying houses as-is for cash, closing on a seller’s preferred date. Whether aiming to renovate and resell or lease, Beau Buys Houses aims for a win-win outcome. The company strives to provide sellers with fair prices and flexible terms while leveraging their real estate and construction expertise to ensure successful investments.
Locations: Whitefish Bay and surrounding areas, including Brookfield, Waukesha, Wauwatosa, West Allis, and more
Closing costs: Sellers pay no closing costs; Beau Buys Houses covers them.
Beau Buys Houses has been accredited by the BBB since 2017 and holds an A+ rating. The company has a 4.7-star rating from Google reviews. Beau Buys Houses is lauded for its professionalism and empathetic approach. Clients appreciate Beau’s consideration during emotional transactions. Reviewers describe the process as quick and easy. Beau’s ongoing support, from loan options to insurance plans, earns praise for his responsiveness and multiple contact points. Working with Beau is characterized as smooth and efficient.
Website: beaubuys.com
Phone number: 414-395-8497
Why sell your Whitefish Bay house for cash?
There are plenty of valid reasons a Whitefish Bay home seller may choose to work with a cash-for-homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Whitefish Bay, it typically takes about 76 days to sell a home on the market using an agent. That includes an average of 33 days on the market, plus the typical 43 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 Whitefish Bay, and it’s clear why these We Buy Houses groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
Let’s take a quick look at some of the most common reasons home sellers in Whitefish Bay might opt for this approach over the conventional method.
- Immediate relocation: You’ve landed a new job or face a sudden move and need a quick home sale.
- Divorce settlement: A We Buy Houses company can help you wrap up the division of assets and move forward in a divorce.
- Aging property: Your home, emblematic of Whitefish Bay’s vintage charm, requires extensive renovations you can’t afford.
- Financial hardships: Medical bills or debts are piling up, and liquidating your asset becomes necessary.
- Inheritance: You’ve inherited a property in Whitefish Bay and want a hassle-free sale without emotional strain.
- Landlord fatigue: Managing tenants and property upkeep is draining; you’d rather cash out than continue.
- Privacy preference: You value discretion and prefer an off-market sale.
- Avoiding foreclosure: Selling now can help safeguard your financial future and credit history.
- Life transitions: Factors like downsizing, aging, or moving to assisted living facilities may require a swift property sale.
- Out-of-state owner: Managing a property from afar is cumbersome; a quick cash sale becomes appealing.
Selling your home for cash in Whitefish Bay can be a lifeline in these and other circumstances. But, it’s paramount to understand the pros and cons of cash sales, ensuring you make a decision that best serves your needs.
Pros and cons of house-buying companies in Whitefish Bay
Exploring the top We Buy Houses for Cash companies in Whitefish Bay involves understanding both the benefits and potential downsides. Let’s break down the key pros and cons to help you make an informed decision.
Pros
Touting unmatched speed and a willingness to buy homes regardless of their condition, house-buying companies in Whitefish Bay offer homeowners a distinct set of advantages:
- Immediate offers: These companies typically present an offer shortly after assessing your property, ensuring a fast transaction.
- Zero repairs required: They purchase homes as-is, relieving you from the financial and time burden of home improvements.
- Simple process: The complexities of a traditional home sale, from staging to multiple showings, are bypassed.
- Quick closings: With no financing contingencies or buyer inspections, sales conclude faster, often within days.
Cons
The most evident downside? The offer you receive from a We Buy Houses company will likely be less than your home’s potential market value. Here’s a closer look at some of the downsides:
- Lower offers: These companies are profit-driven, so their offers may be lower than what an experienced real estate agent could secure for your property.
- Less negotiation power: With a take-it-or-leave-it ethos, there’s little room to negotiate terms or pricing.
- Risk of pressure tactics: While most We Buy Houses companies serving Whitefish Bay strive for a win-win solution, there is a chance of getting involved with a group that applies pressure tactics to take advantage of your urgent situation.
- Potential for scams: It’s crucial to ensure you’re dealing with a reputable buyer. To avoid a scam, you’ll want to vet each company carefully.
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
Deciding to collaborate with a top We Buy Houses for Cash company in Whitefish Bay is a significant step. However, the integrity and quality of service you receive can vary. Your experience will hinge significantly on the character and professionalism of the individual or group making the offer.
Before entrusting your home and its value, vet the company by scouring reviews, delving into testimonials, and researching its market reputation. This legwork will safeguard your interests and ensure you’re dealing with a credible business. Moreover, read the buying agreement with utmost care before signing.
HomeLight suggests you consult with an experienced Whitefish Bay 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 local agent in your market. You can also use HomeLight’s Home Value Estimator to get an initial estimate in less than two minutes.
Other options to sell your Whitefish Bay home quickly
iBuyers
iBuyers, also called instant buyers, use automated valuation models (AVMs) to give rapid home value estimates, offering a mostly digital sale experience. Their all-cash offers tend to be closer to market value for well-maintained homes, and the process is fast, generally spanning days to two weeks.
However, iBuyers, such as Opendoor and Offerpad, typically charge 5% to 6% service fees, and this option is best fit for sellers with homes in good condition.
Listing with an agent
Considering listing with an agent when researching quick sales might seem counterintuitive. But in seller-friendly markets, a strategically priced and well-marketed property can sell quickly. Partnering with a top agent in Whitefish Bay likely will result in a higher sale price. HomeLight data shows that top agents sell homes for as much as 10% more than average agents.
Agents also provide invaluable insight through a comparative market analysis (CMA), helping estimate listing prices and potential sale speed. This tool, often free, helps sellers evaluate their choices, ensuring they make informed decisions.
If this path interests you, HomeLight can connect you with leading agents in Whitefish Bay.
FAQs on Whitefish Bay house-buying companies
Most We Buy Houses for Cash companies in Whitefish Bay 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 legitimate.
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.
Most Whitefish Bay 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 take a look at an example offer equation. Let’s say your Whitefish Bay home could sell for $570,000 after repairs, but it’s going to need $40,000 of work to get there.
($570,000 x .70) – $40,000 = $359,000
In this example, a We Buy Houses for Cash company in Whitefish Bay might offer you about $359,000 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 We Buy Houses for Cash company, you won’t need to spend extra on repairs, commissions, or closing costs, as these companies manage most of the process once the offer is accepted. This can provide a streamlined and hassle-free experience. However, the trade-off is that you’ll likely receive a lower price for your home compared to what you might achieve through a traditional sale with a real estate agent.
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 ask the company if there are any hidden program fees that might affect your bottom line.
- Research and vet the house-buying companies that serve your 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. Consider 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 Whitefish Bay vs. a top Whitefish Bay 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 examine the various aspects of the sale and compare the potential proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Whitefish Bay | Sell with a top Realtor® in Whitefish Bay |
| Selling timeline | 7 to 30 days | 76 days average; 33 to attract an offer, 43 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 | 3% to 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 house in Whitefish Bay is currently worth about $525,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth about $555,000.
| Sell to a We Buy Houses for Cash company in Whitefish Bay | Sell with a top Realtor in Whitefish Bay | |
| Estimated sale price | ($555,000 x .70) – $30,000 = $358,500 | $525,000 |
| Market preparations | 0 | $5,250 (1% of sale price) |
| Agent commissions | 0 | $15,750 (3% of sale price) |
| Closing costs | 0 | $7,875 (1.5%) |
| Estimated take-home for seller | $358,500 | $496,125 |
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
- Speed and convenience: Selling to a house-buying company in Whitefish Bay can offer a rapid, hassle-free transaction, especially if your home needs repairs or you’re facing an urgent situation.
- Below market offers: Typically, these companies will offer below the market value, trading higher cash offers for the convenience and speed they provide.
- Other avenues: While cash-for-homes companies offer certain advantages, iBuyers and traditional real estate agents provide alternative routes that may align more closely with some sellers’ objectives and market conditions.
- Diligence is key: Before making a commitment, thoroughly research the buying company, understand the offer in detail, and consider all available options.
- Know your home’s worth: Always be aware of your home’s estimated market value.
- Agent insights: A top Whitefish Bay agent can offer insights into your property’s market value, potential selling timeframes, and provide invaluable market comparisons.
Homeowners in Whitefish Bay considering the cash-for-homes option should seek multiple offers and carefully evaluate each one. Although these companies offer significant advantages, a thorough comparison will help ensure you make the most informed and advantageous decision for your unique situation.
At HomeLight, we’re here to assist you with your real estate needs, whether you’re looking for a no-obligation cash offer or seeking to consult with a top Whitefish Bay agent to help you sell your property quickly and at the best price. Let us help you make an informed and confident decision.
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