In February 2024, the New Orleans housing market took a turn, transitioning into a buyer’s market, a shift from being a seller’s market the previous year. This change implies more favorable conditions for buyers, including potentially lower prices and a longer duration for homes on the market before sale.
The median sale price of homes in New Orleans experienced a decrease to $329,501, a 3.3% drop from the previous year, with the price per square foot landing at $192. This reduction in home prices was observed across various types of homes, with the most significant price drops seen in larger homes. For instance, 5+ bedroom homes saw a decrease of 9.2%, indicating a broader market adjustment favoring buyers.
In the USA, the average home buyer takes at least eight weeks to find the home of their dreams. Then they start the lengthy process of finalizing their mortgage and closing on the deal.
Do you need to sell your New Orleans home faster than that? Do you want to avoid all the red tape that goes along with selling your home the old-fashioned way?
If so, you might find it tempting to type ‘New Orleans home buyers’ into your internet browser right away and start searching for a cash home buyer. Stop right there.
Selling your home to one of these investors isn’t as straightforward as you think.
First, read this guide to find out more about the companies that advertise, ‘we buy houses New Orleans’, and how iBuyer works to ensure a faster, more efficient, and more lucrative alternative for every homeowner.
Discover your home’s worth online for free in minutes!
Reviewing Your We Buy Houses New Orleans Options
Through March 31, 2023, the average home value in New Orleans is $310K, which represents a decrease of 2.2% over the past year. Additionally, the median time to pending is around 36 days.
Yet, if you’re a homeowner who doesn’t have the luxury of time, it’s your only option. We’re here to help you make the best decision for your needs.
Here’s a guide to the best cash home buyers in the city, as well as the pros and cons associated with them, to help you decide:
1. iBuyer.com
Offer in 24-48 hours
No commissions or fees
Close in 7 days
iBuyer.com is a renowned cash home buyer in New Orleans, known for its straightforward and efficient property transactions. Ideal for sellers looking to sell their homes as-is, iBuyer purchases properties in reasonable condition, bypassing the need for costly repairs.
Starting a deal with iBuyer is easy. Enter your address on our website and fill out a quick form to get an accurate home valuation in minutes. A no-obligation cash offer from a seasoned real estate investor follows within 24 to 48 hours.
Leveraging local real estate data and sophisticated analytics, iBuyer.com ensures a fair valuation of your property. Accepting the offer leads to a quick closing, usually within 7 to 10 days, allowing you to avoid the hassles of repairs, showings, and buyer negotiations. This method also saves on closing costs, such as realtor commissions and home inspections, and circumvents delays from buyers’ mortgage approvals.
Regarding closing costs, sellers typically bear them, but they are often lower than those incurred with real estate agents. iBuyer charges no fees for account setup or cash offer requests.
Here are some benefits you’ll enjoy if you work with this company:
- No need for an agent
- No marketing hassles
- Quick, online sale process
- No home staging for showings
- No need for home upgrades or repairs
- Minimal closing costs
- No service fees
- Fast and flexible closing dates
iBuyer.com boasts a 4.3-star rating on Trustpilot, with clients praising the quick and simple sales process. More positive reviews can be found on our website.
iBuyer.com buys homes across New Orleans and the surrounding regions in Louisiana.
2. NOLA Buys Houses
No-Obligation All Cash Offer
No Agents Fees
No Repairs
NOLA Buys Houses specializes in purchasing homes for cash in the Greater New Orleans area. A family-owned business with over 20 years of experience, they have assisted more than 1000 homeowners in selling their properties quickly and without stress. Their process is straightforward, offering a fair cash proposal within 24 hours, with no need for repairs, cleaning, agents, or fees.
Benefits:
- Fast, fair cash offers within 24 hours
- No requirement for repairs or cleaning
- No realtor commissions or service fees
- A simple, stress-free selling experience
- Buy houses “AS-IS” in and around New Orleans
NOLA Buys Houses enjoys a strong reputation with a 5-star rating on Google Reviews based on 25 reviews, where customers have commended their transparent and professional service.
Additionally, they hold an A+ rating from the Better Business Bureau, having been accredited since April 3, 2023, and have been in business for 22 years. Their BBB profile also features an average customer review rating of 5/5 stars from 2 reviews, underscoring their commitment to customer satisfaction.
They cover the greater New Orleans area, focusing on properties within 30 minutes of the Superdome.
3. JiT Home Buyers
Buys Houses As-Is
No-Obligation Cash Offer
No Cleaning
JiT Home Buyers emphasizes a fast and efficient cash home buying process. They highlight their commitment to making serious cash offers without unnecessary complications, ensuring a straightforward and transparent deal for homeowners. The company stands out for its no-nonsense deals and solid offers, promising real value to those looking to sell their homes quickly. They save homeowners the expense of dealing with real estate agents, pay closing costs, and require no fees. Additionally, they emphasize the convenience of not needing to fix or clean the property before selling.
Benefits:
- Serious cash offers with a no-nonsense approach
- No requirement for cleaning or fixing the property
- Saves the expense of real estate agents and covers closing costs
- Transparent deals ensuring real value to homeowners
JiT Home Buyers is well-received with a 4.6-star rating on Google Reviews from 14 reviews, showcasing customer satisfaction. Additionally, they are accredited by the Better Business Bureau since July 13, 2023, holding an A- rating. While the business has been operational for just one year, it has already established a commendable reputation, though it currently does not have customer reviews on the BBB website.
JiT Home Buyers operates nationwide, buying houses across the United States since 2022.
4. Orleans Cash Buyers
No Closing Costs
No Realtors Fees
Skip Repairs
Orleans Cash Buyers focuses on purchasing homes for cash in New Orleans, offering a quick and straightforward solution for homeowners. They specialize in buying properties in various situations, including foreclosures, pre-foreclosures, and homes needing repairs. Their approach simplifies the selling process, providing homeowners with immediate cash offers and quick closings.
Benefits:
- Fast cash offers, helping homeowners start over fresh
- Assistance with avoiding foreclosure and saving credit
- No requirement for repairs; they handle all repair costs
- Solutions for homeowners with little or no equity or behind on payments
- Ability to close within ten days
- No closing costs or realtor fees for sellers
Orleans Cash Buyers has a stellar 5-star rating on Google Reviews based on 15 reviews, reflecting their commitment to customer satisfaction and efficient service.
Orleans Cash Buyers operates primarily in the New Orleans area.
5. Home Buyer Louisiana
Buys House As-Is
No Commissions Or Fees
No Repairs Necessary
Home Buyer Louisiana specializes in buying houses fast for cash in New Orleans. They offer a quick and hassle-free process, emphasizing no need for repairs, no commissions, or fees. The company prides itself on being local investors who make quick buying decisions, allowing homeowners to sell their houses fast for cash.
Benefits:
- Quick cash offers with a commitment to fast sales
- No need for house repairs or cleaning
- No real estate agent commissions or additional fees
- Ability to close as fast as 8 days, with an average of 14 to 21 days
Home Buyer Louisiana enjoys a strong reputation with a 5-star rating on Google Reviews from 10 reviews, indicating high customer satisfaction and efficiency. They also have an A+ rating on the BBB.
The company operates in New Orleans, focusing on providing quick and efficient home buying services.
6. Big Easy Buyers
Buys House As-Is
No Cleaning
No-Obligation Cash Offer
Big Easy Buyers offers a streamlined solution for selling houses in any condition for cash in New Orleans. They emphasize a rapid closing process and make it simple for homeowners to sell their properties regardless of their current state.
Benefits:
- Buys homes in any condition without the need for repairs or renovations
- Provides a quick, 4-step process for selling your house
- Offers a cash payment on the spot during the initial walkthrough
- Closes most deals within 14 days, and almost all within 30 days
Big Easy Buyers has established a commendable reputation with a perfect 5-star rating on Google Reviews, based on 7 reviews. This is complemented by their strong presence on Facebook, where they also hold a 5-star rating from 5 reviews. These ratings reflect their commitment to customer satisfaction and the effectiveness of their home-buying services.
Big Easy Buyers operates in the New Orleans area, offering their quick and easy home-buying solutions to local residents.
Summarizing the Pros and Cons of New Orleans Cash Home Buyers
If you need to sell a home fast due to inheriting an unwanted house, divorce, or foreclosure, it’s faster and easier to sell via cash home buyers.
They’re a good option for avoiding some expenses associated with selling a home, too. These include:
- Expensive repairs and refurbishments
- Carrying costs while your home’s on the market
- Agent commissions
- Closing costs
- Seller Concessions
Unfortunately, there are also drawbacks associated with selling your home this way. These cash home buyers know you’re desperate to sell fast, and many of them will bully you into accepting take-it-or-leave-it low-ball offers with high pressured sales tactics.
iBuyer offers a best-of-both-worlds experience when comparing cash buyers vs working with a realtor.
You’re assured of receiving a fair offer for your property when you work with us, and we only charge you what it would cost you to sell via a realtor. So, you enjoy the benefit of a fast sale without getting ripped off.
Selling your New Orleans for the Best Cash Price
Waiting for offers, haggling over prices, and endless costs are the bane of every home selling experience. You can cut out all these negatives and go straight to the good part when you work with reputable cash buyers.
What are you waiting for? Get a no-obligation valuation today, sit back and watch the offers start rolling in.
