When you need to sell your home quickly or can’t afford to take care of extensive repairs for the home, you can reach out to a We Buy Houses in Atlanta company to take the property off your hands. In general, it takes about eighty days for a house to sell traditionally on the market, whereas with a We Buy Houses company, you can sell your home in less than one week.
Of course, with this convenience does come a catch that you may not receive the true value of your home from these types of companies. Fortunately, you have many options to choose from when it comes to selling your home quickly and for the right price. Please continue reading below to learn more about We Buy Houses in Atlanta and an alternative way to sell your home that will most likely yield you more cash.
What is a we buy houses for cash company?
We Buy Houses companies are typically real estate investors looking to purchase properties to fix and flip to make a profit. They usually offer homebuyers less than the market value for their homes to compensate for the costs of repairs. If you agree with their offer, they can provide you with cash within a few days.
Although most of these companies are legit, a few aren’t, so you will want to make sure you research the company before you sign anything. There have been instances where clients sold their homes but did not receive money from an investor or received less than promised.
How we buy houses companies work
Because these companies pay with cash and not with any type of financing, the entire sale process moves pretty quickly. The traditional listing process takes about two to eight weeks to prep and stage the home.
Most homeowners don’t receive an offer for about a month and a half and the time to close takes about a month or so, depending on the situation. In general, the minimum time to sell a house traditionally is about eighty days.
With a We Buy Houses, all of that time cuts down more than half. You won’t have to prep the home, and the time to offer is sometimes as quick as 24 hours or less. The closing timeline depends entirely on you.
Most people close within seven days, whereas some others don’t want to close for two weeks or so. The minimum time to sell is between seven to ten days.
We buy houses process
Most We Buy Houses companies follow the same procedures when it comes to making an offer and closing out the sale. Each company has its own benefits and advantages, but they generally abide by the following steps.
Step 1: Submit an offer
A homeowner will send in their information about their personal contact and their home. If the house meets the criteria the We Buy Houses Company is looking for; they will reach out to you. Some companies provide you with a rough estimate of what they will pay.
Interested in your home’s current market value? Receive a free online home value estimate!
Step 2: Review the property
A representative from the company will come out there to evaluate the land or property. If there are any major repairs, they will most likely deduct that from the final offer. At this point, they will provide you with their “as-is” offer for your house.
Step 3: Accept the offer and close
If you agree with the offer, you can close within a few days. There is no need to wait on any financing to pull through; no final inspections and no appraisals are needed. Most companies close within seven days.
Step 4: Sell the home for a profit
Once you are out of the home, the We Buy Houses company will come and repair the house. Once they finish, they will either put the house on the market or use it as a rental property.
Pros of we buy houses in Atlanta
Several different advantages and disadvantages come with using these companies. One of the biggest benefits is the fact that you can sell the house quickly, even if it needs serious repairs. Some people facing foreclosure also use this as a viable option.
Speed and certainty
As mentioned earlier, you can sell your home quickly because there is no buyer financing involved. Private investors who wish to purchase your home with cash don’t have to go through that lengthy process because they already have access to capital.
Many people don’t understand that it is very expensive to sell a home. You have to worry about paying both real estate agents their commission fees in addition to other costs such as carrying costs or concessions. These can take a massive hit on your net proceeds.
Disadvantages of we buy houses companies
Although there are many excellent benefits to working with these companies, there are a few that you should disadvantages that you should be aware of. For example, many of these companies provide you with “as-is” offers.
This means there is usually no room for negotiation on their offer. Once they send someone to view the home and check out the repairs, they will provide you with their final offer. If you decide you don’t like the offer, you will most likely need to find another company.
Most people looking to sell their home to a We Buy Houses company need to sell their home quickly. Their reason could be because of a divorce or facing foreclosure.
These types of situations are very sensitive, and many We Buy Houses companies prey on those who need a quick solution. Make sure that you thoroughly review a company before you sign any paperwork.
Even if you can avoid those concessions or other costs associated with selling a home by going through a We Buy Houses company, you may still end up with a lower take-home amount. Most of these companies offer no more than 70% of the property’s after repair value.
1. We Buy Houses Atlanta
We Buy Houses Atlanta is a family-owned business that buys houses for cash. If you face foreclosure, moving, or upside down on your mortgage, you can reach out to them for assistance.
When you submit your information to them, they will reach out with the next steps. There aren’t too many reviews about this company, so be sure to reach out to them for an initial consultation before you sign any paperwork.
2. Sell My House 7
Sell My House is another privately owned business that buys houses for cash. If you need to sell your inherited property or are in a rush to sell your current home, you can reach out to them for an offer. Like most We Buy Houses companies, your home must meet their criteria before they make an offer to you.
They don’t require you to clean or repair anything in your home before you sell. As a bonus, if you need a cash advance before you close, you can request one from the company. Their website is missing some information, and as of this writing, many of their essential pages do not have viable information on their process.
3. We Buy Any House Atlanta
We Buy Houses Atlanta, also known as Georgia Cash Home Buyers, is another privately owned and local investment company that purchases homes in any condition. They serve almost all of the counties in Georgia, and they can close on your sale within one week, depending on you and your needs.
Once you reach out to them, they will set up a tour and make their final decision to purchase your home. They purchase all types of properties, including condos, apartments, and mobile homes.
4. We Buy Ugly Houses
We Buy Ugly Houses is a franchise company with locations all over the nation. A client’s experience with this company will vary based on the franchise’s quality in their area.
This company can close on your property within three weeks, but they have a reputation for offering less than fair market value. They currently have an A+ rating from the Better Business Bureau, but this is based on a national data rating. The ratings for each franchise will vary.
5. Nexus Homebuyers
Nexus Homebuyers is a privately owned investment company that purchases homes “as-is.” This means that you don’t have to do any repairs or renovations before they buy the house from you. Instead, they will deduct the cost of repairs from your net proceeds if any significant repairs are needed.
There are many mixed reviews about this company. Some state that they had an excellent experience, whereas others claimed their offer was more than 70% less than the market value of their property.
To receive an offer from this company, you must submit your contact information and information about your home. Granted your house meets the criteria, they will walk through the home, talk about repairs, and make you an offer.
6. We Buy Houses in Atlanta GA
We Buy Houses in Atlanta, GA, is a privately owned company specializing in purchasing houses in Metro Atlanta. They have the ability to close on your home within two weeks, and they buy homes regardless of the situation with your home.
For example, they purchase homes with code violations, back taxes, etc. There aren’t too many reviews for this company, but customers liked their experience with the company based on what is available.
7. Xero Homebuyers
Xero Homebuyers is a company that purchases homes for all cash, and they are based in Hoover, Alabama. Although they are based in Alabama, they purchase homes all across the United States, and they have offices in Georgia.
When you work with them, they can close your house within two weeks, and they do their best to offer you a fair offer. They don’t have too many reviews, and this can be because they have several different offices across the United States.
Alternatives to we buy houses in Atlanta
Fortunately, if you need to sell your home quickly, you don’t have to settle for a We Buy Houses company. Instead, you can reach out to a reputable iBuyer to sell your home to. An iBuyer, also known as an “instant” or “internet” buyer, is a company that uses high-quality technology to provide you with a fair all-cash offer for your home. You also won’t have to worry about paying seller concessions.
The process to sell to an iBuyer is relatively similar to that of a We Buy Houses company. You simply submit your contact info and information about your property to receive an offer. Granted, the property meets the criteria; they will then send someone to look at the property to inspect for repairs.
If any significant repairs are needed, they will deduct that from your net proceeds. If you agree with their offer, you have complete control over the closing date.
These iBuyer companies have extensive financial backings, and they can make you fair offers for your home. Once you close on the house, you receive your payment within a few days.
Receive the best offer for your property
Selling your house to a We Buy Houses in Atlanta company is an excellent idea for those who need to sell their home in a hurry or who need cash quickly. Although this option is viable, there are concerns about how much these companies offer.
After all, most of these companies are private investors looking to purchase properties to fix and flip quickly. If you want to know the fair market value for your property, submit your address here. Our team is prepared to answer any questions you have about selling your home.