We Buy Houses Wichita Falls: Top 4 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.
Selling a home in Wichita Falls can feel overwhelming if you’re on a tight deadline. This often happens because of a sudden job relocation or the need to offload a property in disrepair. Luckily, “We Buy Houses” Wichita Falls companies specialize in making all-cash offers, allowing you to skip costly fixes and close on a timeline that works for you.
A cash sale can be especially helpful if you don’t have the time, money, or expertise to handle repairs, staging, or buyer negotiations. These house-buying businesses expedite the selling process, allowing you to move forward and focus on life’s next chapter.
In this post, we’ll look at how Wichita Falls home-buying companies work, weigh the pros and cons, and explore alternatives to help you make an informed choice.
Working with house-buying companies in Wichita Falls
Homeowners in Wichita Falls who need to sell fast often choose cash buyers for convenience. Partnering with a house-buying company means fewer delays, no agents, and a smoother closing. Here’s an outline of the process of selling your house for cash:
- Contact the company: Reach out to a house-buying company in Wichita Falls to express your interest in a cash offer.
- Provide property details: Share basic information about your home, including its condition and any repairs it might need.
- Schedule a home visit: Allow a representative from the company to tour your property to assess its condition and determine the offer.
- Receive a cash offer: Based on the inspection, the company will present a take-it-or-leave-it cash offer for your home.
- Review the contract: Take time to review the terms and conditions of the offer to ensure you’re comfortable moving forward.
- Close on your timeline: If you accept the offer, work with the company to choose a convenient closing date that meets your needs.
Popular We Buy Houses for Cash companies in Wichita Falls
If the process of selling to a house-buying company in Wichita Falls 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 contemporary house. By working with one of these companies, you should be able to sell your Wichita Falls home in as little as a week or two.
House Buyers Texas
House Buyers Texas provides homeowners with cash offers within 24 hours, backed by a strong record of success in key markets including Houston, Dallas, Fort Worth, Austin, and San Antonio. This deep understanding of local communities allows the team to deliver tailored support that addresses the unique challenges of each real estate market.
Sellers benefit from a straightforward process with no closing costs or realtor commissions. Moreover, the company allows clients to choose a closing date that best suits their schedule.
Locations: Throughout Texas, including Wichita Falls
Closing costs: Sellers pay no closing costs; House Buyers Texas covers them.
Respected for adhering to ethical business practices, House Buyers Texas has been accredited by the Better Business Bureau (BBB) since 2023 and now holds an A+ rating. It earned a perfect review score of 5 stars on Google.
Clients highlight the company’s quick response time, often receiving offers within a day and closing in as little as two weeks. They appreciate the fairness of the cash offers and the straightforward nature of the transactions. Many describe the process as simple, efficient, and free of extra costs like commissions or closing fees.
Website: housebuyerstexas.net
Phone number: 281-343-3810
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Wichita Falls (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 Wichita Falls. With this 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 Wichita Falls
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 BBB accredited since 2019 and now holds an impressive 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
Four 19 Properties
Four 19 Properties is a reputable home-buying firm committed to facilitating swift and convenient property sales for homeowners. The company offers fair all-cash proposals within 24 hours, catering to individuals facing foreclosure, managing inherited properties, relocating, or seeking a rapid sale. Sellers can close whenever it works best for them, giving them plenty of flexibility and control.
Locations: Throughout Texas, including Wichita Falls
Closing costs: Sellers pay no closing costs; Four 19 Properties covers them.
Valued for its honesty and professionalism, Four 19 Properties secured an A+ BBB grade. On Google, it has a 4.9-star rating, as most reviews describe the team as professional, courteous, and helpful, which made selling a property straightforward and stress-free.
Many note that property viewings and fair offers happened within 24 hours, with closings scheduled at their convenience. The transactions were described as smooth, with no pressure and no unwelcome surprises.
Website: four19properties.com
Phone number: 940-260-0880
Strike First Properties
Strike First Properties offers straightforward solutions for North Texas homeowners who need to sell quickly, as well as investors seeking strong portfolio growth. Recognized as one of the leading real estate investment groups in the region, they specialize in purchasing distressed single-family homes, including foreclosures, bank-owned properties, and those needing a fast sale.
After acquisition, each home is renovated and prepared for new owners to enjoy. Closings are completed within seven days, ensuring a fast and efficient process.
Locations: Throughout North Texas, including Wichita Falls
Closing costs: Sellers pay no closing costs; Strike First Properties covers them.
With its integrity-driven approach, Strike First Properties earned an A+ grade from the BBB. It received 4 stars on Google, as clients mention how the company was dependable and knowledgeable, always delivering on their commitments.
Since selling a home is a major decision, people value working with a group they can rely on. Many highlight how the team’s transparency and expertise helped ease the process. Overall, customers feel well taken care of and confident throughout the sale.
Website: strikefirstproperties.com
Phone number: 903-776-4580
Why sell your Wichita Falls 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 Wichita Falls, selling a home on the open market using an agent takes around 100 days. That includes an average of 59 days on the market 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 Wichita Falls, 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.
Let’s look at some of the most common reasons Wichita Falls sellers decide to use a We Buy Houses for Cash company over listing a property the traditional way.
- Job relocation: If you’re moving quickly for a new job, a cash sale can help you transition without delays.
- Divorce settlement: In a divorce, selling your home for cash can simplify the splitting of assets and support a quicker resolution.
- Unwanted inheritance: If you’ve inherited a home, selling for cash lets you avoid maintenance and potential tax implications.
- Downsizing transition: With a house-buying company, you can secure funds faster when moving to a smaller home.
- Costly repairs: Homes in poor condition needing significant repairs can often be sold to cash buyers who purchase “as-is.”
- Open house stress: If you’d rather not deal with open houses, a house-buying company allows you to skip them entirely.
- Structural damage: Severe foundation problems can make a cash sale appealing, as traditional buyers might hesitate.
- Foreclosure fix: Selling for cash can be a lifeline if you’re at risk of foreclosure, helping you avoid damaging your credit further.
- Problematic tenants: If you’re a landlord with difficult tenants, a cash sale lets you sidestep tenant issues.
- Remote home sale: Working with a cash buyer can simplify the process of selling from out of state, eliminating the need to travel back and forth.
Pros and cons of house-buying companies in Wichita Falls
Understanding both the perks and the trade-offs of working with a house-buying company helps you make the right call for your needs. It also reduces the risk of unpleasant surprises during the process.
In this next section, we’ll walk you through some of the pros and cons of using a We Buy Houses company so you can better weigh your options.
Pros
House-buying companies in Wichita Falls offer a quick and convenient option for homeowners looking to sell fast. For many, these companies’ ability to purchase homes in any condition without requiring repairs or staging is a huge plus. Here’s a closer look at the primary benefits of selling to a house-buying company:
- Speedy sale: Cash buyers can often close in as little as a week, allowing you to move forward quickly.
- Buys as-is: These companies will let you sell in as-is condition, meaning no repairs or improvements are necessary.
- No open houses or showings: Selling directly to a house-buying company lets you skip the hassle of keeping your home “show-ready” and holding open houses.
- Guaranteed offer: Unlike traditional buyers who may back out due to contingencies, cash buyers usually make take-it-or-leave-it offers that won’t fall through.
While a cash sale has its perks, it’s important to understand the trade-offs. The most significant drawback is that you might earn a lower profit compared to selling through a real estate agent. Here are some additional factors to consider before moving forward:
- Lower sale price: Cash offers are often below what you’d receive by listing your home traditionally, which could reduce your overall proceeds.
- Limited negotiation: Most house-buying companies present non-negotiable, take-it-or-leave-it offers, giving you little control over the sale price.
- Scam risks: Some entities may pose as cash buyers but actually operate house-buying scams, so it’s essential to verify companies before proceeding with the transaction.
- Limited selection: Since cash buyers typically focus on specific types of homes, they may not offer competitive prices for unique or higher-end properties.
Vet cash buyers and know your home’s worth
Before committing to a cash offer, ensure you’re working with a reputable buyer. Here’s how to vet cash buyers effectively and confirm your home’s worth:
- Research company reputation: Check online reviews and testimonials to gauge other homeowners’ experiences with the company’s service and transparency.
- Confirm local experience: Look for companies with a strong, long-standing presence in the Wichita Falls market, as familiarity with local values often results in a smoother process.
- Request references: Ask for references from past clients, which can provide insights into the company’s reliability and professionalism.
- Review the buying agreement: Before signing, carefully read the buying contract to ensure you fully understand the terms and conditions.
- Verify proof of funds: Confirm that the company has the financial resources to follow through with a cash purchase.
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 Wichita Falls. You can also try our free Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Wichita Falls home quickly
Working with iBuyers
If you want a fast sale outside traditional cash-for-homes companies, consider iBuyers like Opendoor or Offerpad. These firms use automated valuation models, which allow them to quickly make an offer, creating an easy online cash sale experience that usually closes in a few days to two weeks.
They often provide prices closer to market value, although their service fees range from 5%-6%. Most iBuyer companies only accommodate homes in good condition.
Listing with a trusted local agent
Listing with an agent can also be a smart choice if you want top dollar for your home and have the time to wait for it to sell. Agents typically secure the best sale prices and may offer a free comparative market analysis (CMA) to gauge your home’s value.
Plus, experienced agents may connect you with buyers willing to make cash offers close to market value. HomeLight can help you find a top agent in your area if you want to explore this option.
FAQs on Wichita Falls house-buying companies
By and large, most We Buy Houses for Cash companies in Wichita Falls 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 Wichita Falls 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 Wichita Falls craftsman-style home could sell for $220,000 after repairs, but it will need $25,000 of work to get there.
($220,000 x .70) – $25,000 = $129,000
In this example, a Wichita Falls We Buy Houses company might offer you around $129,000 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 the market value while charging a fee for their services.
When you accept an offer from a Wichita Falls We Buy Houses for Cash company, you will likely be coming to grips with a double-edged sword. On the one hand, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. On the other hand, 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.
- Research and vet the house-buying companies that serve your Wichita Falls 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 Wichita Falls vs. top Wichita Falls 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 Wichita Falls | Sell with a top Realtor in Wichita Falls |
Selling timeline | 7 to 30 days | 100 days average; 59 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 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 Wichita Falls is worth about $195,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $220,000.
Sell to a We Buy Houses for Cash company in Wichita Falls | Sell with a top Realtor in Wichita Falls | |
Estimated sale price | ($220,000 x .70) – $25,000 = $129,000 | $195,000 |
Market preparations | 0 | $1,950 (1% of the sale price) |
Agent commissions | 0 | $5,850 (3% of the sale price) |
Closing costs | 0 | $2,925 (1.5% of the sale price) |
Estimated take-home for seller | $129,000 | $184,275 |
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
- Quick cash offers: House-buying companies in Wichita Falls provide fast, hassle-free cash offers, often within a week.
- As-is convenience: You won’t need to make repairs, stage, or prepare your home for open houses, as cash buyers purchase properties in any condition.
- No contingencies: Cash buyers typically present firm, take-it-or-leave-it offers without appraisal or financing contingencies.
- Lower proceeds: Expect offers below market value, as these companies factor in repair and resale costs.
- Home valuation: 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 Wichita Falls agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Wichita Falls 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: (Roger Starnes Sr / Unsplash)