Houston’s real estate market is under upheaval. Home prices remain high, but overall sales are low. Only one component remains constant: the effectiveness of financial offers. In February, 34.5% of properties were purchased with cash, with the majority of transactions taking place in Houston.
This points to an increasing trend of cash home transactions in Houston. But here’s the catch: cash purchasers frequently make “lowball” proposals. Consider taking a different strategy to increasing the value of your home and selling it quickly.
Opt for a cash buyer marketplace. You may receive offers from numerous local and national cash house buyers, potentially raising your property sale price.
Best 7 Cash House Buyers in Houston
Here are the top seven cash-for-home companies in Houston. Some buyers might offer up to 100% of your property’s market value, while others may only provide as little as 30% in cash for your home.
1. Texas All Cash Home Buyers
Texas All Cash Home Buyers accepts cash for any sort of property, including damaged ones. You can sell your house as is, without making any repairs!
They cover San Antonio, Austin, and other parts of Texas. They also buy residences that are in foreclosure in Texas, have been damaged by fire, or have bad rental tenants.
2. Opendoor
Opendoor gives a simple and fast way to acquire cash for your home. You can sell your house as is and close within two weeks. You can expect to receive approximately 80% of your property’s fair market value.
However, the epidemic caused challenges for Opendoor, including financial losses. As a result, their current offer may be far lower than the full market value of your house. Their service fee is also a high 5% of your home’s selling price.
3. Texas Home Buyers
Texas Home Buyers is a Houston-based company that has been operating since 1995. They buy troubled properties, including fire-damaged and teardowns, as-is. However, they lack technical help, resulting in a lot of back and forth paperwork.
4.House Buyers Texas
House Buyers Texas was formed by ex-marine Steve Hoeke. They buy homes as-is, so you won’t have to worry about cosmetic renovations. They also offer moving services.
5. We Buy Ugly Houses
We Buy Ugly Houses, a trademark of “HomeVestors,” uses a franchisee model. Each WeBuyUglyHouses franchisee has their own set of restrictions, thus cash offer terms and service quality may vary. If your home requires extensive repairs, they make cash offers starting at 30% of the FMV.
6. Houzeo.com: Houston’s #1 Cash Home Buyer Marketplace
Houzeo is the finest alternative for maximizing the value of your home. It is a platform for all types of home sellers, whether you want to sell quickly, as is, or for cash. Houzeo also increases your home’s exposure to home-buying firms and individual investors.
7. Offerpad
The Offerpad closing process is speedier than that of other “cash for houses” organizations. In some areas, they might close in just eight days. During the home sale, Offerpad provides two prices: one before and one after the inspection.
The difference between these offerings is rather significant. According to a customer review, the home seller was offered $189,000 but then received a lowball offer of only $149,000.
Are Houston Cash Home Buyers Legit?
Yes, organizations that purchase houses for cash in Houston are real and operate lawfully across the country. Local enterprises are typically owned by affluent investors, but banks support national cash buyers.
Companies who advertise “We Buy Houses for Cash” buy houses with the intention of renovating them and selling them for profit. This is commonly referred to as “flipping houses in Houston”. They will make an offer if they believe your property may be purchased and sold profitably.
Types of Companies That Buy Homes in Houston
Companies that purchase homes for cash in Houston save you time and money on marketing, home staging, and other expenses. There are four categories of cash home buyers:
- We Buy Houses for Cash Companies. The top home-buying companies specialize in distressed properties. They often offer prices between 30% and 70% of the fair market value (FMV) and intend to repair the homes for resale.
- iBuyers make fast cash offers based on Comparative Market Analysis (CMA). While convenient, these offers frequently range between 70% and 80% of the FMV.
- Buy-and-Hold Investors: Unlike flippers, these buyers purchase properties to hold as rental assets. They may have more competitive offers than flippers or iBuyers. They may not be prepared to buy your home as is.
- Home Trade-In Services: These cash homebuyers will pay you cash before you move out, allowing for a smooth transfer. These buyers are not easy to find.
Companies that buy houses in Houston are waiting for potential gold (like your property) to reach the market. When selling a home for cash, a ‘as is’ property with little maintenance generates significant returns for TX cash home buyers.
How Do You Sell Your Home in Houston for Cash?
Selling your home for cash might be a quick and easy option to receive the funds you require. However, the cash-for-homes process should be approached with prudence.
1. Evaluate Your Options: Determine your timetable and the condition of your home. How quickly do you need to sell, and what repairs, if any, are required? This will allow you to establish reasonable expectations and a price based on comparable sales. You can also use a house value calculator.
2. Find Potential Buyers: Conduct research on any Houston-based companies that purchase properties for cash. Consider cash home purchasers, such as iBuyers, or selling your property on your own using a Texas flat fee MLS listing.
3. Get Multiple Offers: Request cash offers from several companies that pay cash for houses and thoroughly compare them. Consider the pricing, closing timeline, and any additional fees. Negotiate the parameters to maximize your profits and achieve your goals.
4. Due Diligence: Conduct extensive research on possible buyers and read their evaluations. Avoid companies that haven’t proven themselves. Before signing any deal, carefully review all conditions and contact with a Houston real estate attorney.
5. Close the Deal: Once the offer satisfies your criteria, finalize the transaction. Gather all of the papers required for selling a house without a realtor. Attend the closing meeting to finalize the sale.
How much do “We Buy Houses for Cash in Houston” companies pay?
Cash purchasers for properties offer significantly lower prices, ranging from 30% to 70% of the home’s After-Repair Value (ARV). The more repairs your home needs when selling it for cash, the lower the price it will get. After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR). So, if your home cost $400,000 to purchase and you paid $66,000 to restore it, the after-repair value is $466,000.
| # | Cost Breakdown | Cost ($) |
| PPP | Property Purchase Price | $400,000 |
| COR | Cost of Repairs | $66,000 |
| – Roof Repairs | $50,000 | |
| – Sewage Replacement | $15,000 | |
| – Lawn Mowing Costs | $1,000 | |
| ARV | After-Repair Value | $466,000 |
Houston cash property buyers only offer 70% of the ARV, so anticipate to receive an offer of around $326,200.
Benefits and Drawbacks of Cash Home Buyers in Houston
✅ Pros of Houston Home Buyers
- Fast Cash Sale: The typical technique requires you to list on the MLS and wait for possible purchasers. If you submit your information on the “We Buy Houses for Cash” website, you can expect to receive a cash offer within 24-48 hours.
- Flexible Closing: Cash house purchasers in Houston close faster than typical buyers. Home sellers can close on their own schedule and do not need to wait for listing paperwork.
- No Service Fees: A Houston cash house buyer does not charge a service fee. The net profit after they repair and sell your home is sufficient to support the fix-and-flip business.
❌ Cons of Houston Home Buyers
- Lowball Cash Offers: Cash buyers in Houston pay between 30% and 70% of the home’s fair market value. They subtract all of your home’s repair, utility, and resale charges.
- Non-negotiable deals: When dealing with “cash home buyer” organizations, the offer is typically take-it-or-leave-it. You can try to bargain if the company forgot something significant, but most cash purchasers will not budge.
- Some Cash Buyers Will Force You to Pay Closing expenses: Homeowners are required to pay the seller’s closing expenses, which are not listed on the cash buyer’s website. You should always read the terms and conditions agreement thoroughly.
Alternatives to Houston Cash Home Buyers
List Your Home Using a Flat Fee MLS Service: You can sell your house for up to 100% cash on the open market. Your property is very visible to cash buyers and investors on the Houston MLS.
Hire a Top Realtor: Houston Realtors can assist you in selling your house within a specific time frame. However, the top Realtors will charge a 6% commission. This equates to thousands of dollars!
Sell “For Sale By Owner”: Selling your home alone for sale by owner means you will not have access to the Multiple Listing Service. However, only high-tech For Sale By Owner websites in Texas, such as Houzeo, can help you sell your property for cash on the MLS!
