Top 5 We Buy Houses for Cash Companies in Alabama

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  Written by Kristine Cameron

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  Edited by Kristy Snyder

Top cash home buyers in Alabama | Should I sell to a cash home buyer? | How much do they pay? | Alternatives | FAQs

We Buy Houses for Cash companies in Alabama are cash buyers that purchase homes as-is, take care of any repairs or renovations a property needs, and then resell it for a profit. Since these companies can make quick cash offers (usually within a week), they’re great for sellers who are more concerned about their timeline than maximizing profits.

However, selling to a We Buy Houses company generally means that you’ll earn less than what your home could sell for on the open market.

Before you sign a contract with a cash home buyer in Alabama, we strongly recommend getting multiple cash offers. This lets you compare your options, so you can be confident you’re getting a fair price for your Alabama house.

If you want to sell your house fast for cash in Alabama, start by comparing options with Clever Offers! Clever Offers is a free service that matches sellers with vetted cash buyers, saving them time and ensuring a competitive selling price. Request as many offers as you’d like, choose the best one, or walk away any time. Get cash offers from top Alabama buyers today!

Quick view: Top 5 Alabama cash home buyers

💰 Cash buyer	💸 Time to offer	🗓 Time to close
1. Clever Offers	Varies	Varies
2. Moses Buys Houses	24 hours	7 days
3. Nexus Homebuyers	24 hours	7–12 days
4. We Buy Houses	24–48 hours	7–14 days
5. We Buy Ugly Houses	24–48 hours	21 days

Top 5 Alabama We Buy Houses for Cash companies

🥇 Clever Offers: Our top pick

Clever Offers is a free service that matches sellers with vetted cash buyers in their area. It’s ideal for sellers who want to compare various offers, get the best deal, and sell a home fast.

Alternatively, sellers can explore other home sale options, like seller financing or listing with a local realtor.

Your Clever concierge can also match you with a local realtor for a free comparative market analysis (CMA) of your property. You can use a CMA to negotiate with investors and get the best price for your home. 

The Clever team is on standby for any support you need during the process, including buyer communications, offer rejections, and more. 

» MORE: Clever Offers in review

🥈 Moses Buys Houses: Best for inherited or vacant properties

Moses Buys Houses is a family-owned We Buy Houses for Cash company that purchases properties in Alabama and several other states. The company states that it can give sellers a cash offer within 24 hours and help them close within 7 days (or faster, if needed).

Moses Buys Houses will purchase:

• Self-storage units
• Single-family homes
• Small apartments
• Small commercial properties
• Rental properties
• Vacant homes
• Vacant lots and raw land

The company’s Zillow profile describes itself as a “faith-based company” with a team that strives to be “100% upfront and honest with the homeowners we work with.”

Moses Buys Houses has several positive customer reviews that mention how quick and easy their experiences were.

• “Unbelievable how quick they were. After the phone call, I got the offer the next day and we set up closing. Things went very smoothly.”
• A Facebook review states: “I inherited a home from my grandmother, […] so I entrusted the Moses Buys Houses team to point me in the right direction. They turned out to be the ideal choice for selling the property. They gave me a fair cash offer for my home, orchestrated the buying process professionally, and covered the closing costs.”

If you’re selling an inherited property or vacant land, Moses Buys Houses could be the right option for you.

🥉 Nexus Homebuyers: Best for maximizing your profit

Nexus Homebuyers is based in Knoxville, Tennessee, but purchases houses throughout Alabama, Georgia, and Tennessee. The company states that it can make a cash offer within 24 hours and close in as few as 7 days. 

Nexus Homebuyers is accredited by the Better Business Bureau (BBB) and currently has a five-star rating on its BBB page. Customer testimonials include:

• “Working with the team at Nexus was great. They did what they said and are an honest group. Highly recommend them!”
• “They bought my mom’s house quickly and I didn’t have to fix anything. I appreciate how easy it was to work with them and how they respected her home.”

Nexus Homebuyers also has a 4.9 rating on Google Reviews, and most reviews rave about how honest and efficient the Nexus Homebuyers team was. One customer states that they “Couldn’t ask for a better group of people. The whole team at Nexus is great. They bought our house when I thought no one would. Thanks again!”

Unlike other We Buy Houses for Cash companies, Nexus Homebuyers clearly explains how their investors make offers on properties. Since its pricing model is so transparent, sellers can fully understand the cash offer they receive, and they’re given time to consider the pros and cons of going with Nexus Homebuyers or selling with a realtor.

4. We Buy Houses: Best for finding a trustworthy investor

We Buy Houses is a national network of cash buyers that can purchase properties throughout the state of Alabama. There are over a dozen offices in Alabama alone, including Auburn, Decatur, New Hope, and Tuscaloosa.

Sellers can receive a cash offer within 48 hours by submitting a form on the We Buy Houses website, and closing can occur within 7 days.

We Buy Houses can help with tricky real estate complications like:

• Problem tenants living at the property
• Homes that are vacant or in need of extensive repairs
• Sellers who have moved away from the city their property is in
• Sellers who are behind on their mortgage payments

Most customer reviews say that the company helped them close on their homes fast, even in difficult or complicated situations. Since We Buy Houses has been in operation since 1997, the brand has a lot of experience under its belt when it comes to real estate problems.

One way that We Buy Houses differs from similar companies is that it has a thorough vetting process for each of its local investors.

Investors need to apply for a license with We Buy Houses and agree to the company’s code of ethics. They’re evaluated based on their experience, number of properties purchased, time in the real estate industry, and their local reputation.

Licensed We Buy Houses investors are also invited to mastermind sessions twice per year to learn and connect with other professionals. This means you’ll be dealing with knowledgeable professionals throughout the whole process. 

» MORE: See our full review for We Buy Houses

5. We Buy Ugly Houses: Best for inexperienced sellers

We Buy Ugly Houses is a national company with over 800 franchises across the country, including 5 locations throughout Alabama:

• Birmingham
• Huntsville
• Mobile-Pensacola
• Montgomery
• Tuscaloosa

HomeVestors — the company behind We Buy Ugly Houses — has been in operation for over 25 years and is one of the most recognizable We Buy Houses for Cash companies in the U.S. We Buy Ugly Houses can give sellers a cash offer within 48 hours and typically close in 30 days but can close faster.

The website states that the company has a 94% customer satisfaction rate, and customer testimonials rave about the quick and easy transaction process.

One reviewer wrote that his property specialist was “awesome to deal with” because he received “a very fair offer” and was able to close on a timeline that worked best for him. Another reviewer praised their specialist’s professionalism, writing that “We will not hesitate to work with him again and highly recommend him.”

However, some customers shared that they received low ball offers and ended up earning up much more by selling to a different buyer. It should be noted that We Buy Houses for Cash companies are businesses trying to make a profit, so we recommended getting a few quotes from different companies and agents to get a better idea of what would be the best deal for you.

Nonetheless, if you’re looking for a We Buy Houses company with a high success rate and a strong reputation to uphold, We Buy Ugly Houses is a trustworthy option.

» MORE: See our full review for We Buy Ugly Houses

Not seeing the right company for you? Check out our list of the top cash buyers across the country!

Who should sell to a We Buy Houses for Cash company?

Selling to a We Buy Houses company isn’t right for everyone. If you aren’t facing a tight deadline and want to earn the most money, it’s probably best to sell with a real estate agent.

However, it may be a good option if you:

• Own an unwanted property
• Have to relocate unexpectedly
• Can’t afford expensive home repairs
• Need to sell quickly

We Buy Houses companies can close quickly — usually within a week — because they pay cash. Typical home sales usually take at least a month to close because the buyer’s loan has to be approved. 

We Buy Houses companies will also purchase your house as-is, so you don’t need to make any repairs or renovations. This is great if you’re short on time or money to fix things up for a traditional listing. 

If you’re unsure whether you’d benefit from a cash buyer company, we highly recommend scheduling a free consultation with a local real estate agent. You can compare their professional opinion on your home’s value and expected selling timeline with what the cash buyer is offering. 

Consulting a realtor is the best way to ensure that you keep the most equity in your pocket while still selling on your timeline.

Many realtors have relationships with top local cash buyers (and can help you avoid companies that only make lowball offers). Your agent can help you get cash offers from local companies that have good reputations. They can also help you understand your options to find the best way to sell your home within your timeline for as much money as possible.

How do We Buy Houses for Cash companies work?

We Buy Houses for Cash companies generally look for homes that are undesirable to typical home buyers (like properties that need lots of repairs or renovations), fix them up, and then sell them for a profit.

The business model helps people sell unwanted properties quickly and then provides modernized homes to standard home buyers on the open real estate market.

Pros and cons for Alabama home sellers

How much do We Buy Houses companies pay in Alabama?

We Buy Houses companies and local real estate investors generally use the 70% rule: never pay more than 70% of a home’s after repair value (ARV), minus repair costs. You can get a ballpark idea of your home’s ARV by looking at listing/sale prices of homes in your neighborhood that would compare to yours after renovations.

The median listing price of homes in Alabama is $319,450. Assuming a We Buy Houses company believes that your home will be worth that after they’ve made the necessary repairs ($50,000 in this example), they would pay you around $173,615.

(After repair value x 0.70) – Repair costs = Purchase price

($319,450 x 0.70) – $50,000 = $173,615

When is selling to a We Buy Houses company worth it?

Selling to a cash buyer company isn’t right for everyone, but it could be worth it if:

• Selling quickly is your top priority
• Your home needs significant repair
• You’re behind on your loan or underwater on your mortgage
• The home is vacant

If you aren’t facing a tight closing deadline and don’t need cash from the sale ASAP, there are probably better options for you that will help you earn more money.

Better alternatives for Alabama home sellers

Sell to an iBuyer

An iBuyer or “instant buyer” uses algorithms to submit offers on homes instantly. If a seller accepts an offer from an iBuyer, they can close in as few as seven days in most cases.

iBuyer companies purchase homes as-is, but they might have restrictions on the locations or types of homes they’ll purchase. For instance, some companies only operate in specific cities, and many won’t buy homes built before a certain year or properties that need a lot of repairs.

Offerpad is one iBuyer available in several cities throughout the Birmingham, Alabama region.

List with an experienced real estate agent

Every seller should start their selling journey with a home valuation from an agent, even if they decide to sell to a cash buyer or iBuyer. An agent valuation is usually free, and it will give you reassurance that you’re making the right decision.

Another thing to note is that top-performing agents can still sell quickly, and they can specifically target cash buyers or investors in your area. Depending on your unique situation, a realtor may be able to help you close on your home just as quickly as a We Buy Houses company.

If your home doesn’t require a lot of expensive fixes, selling with an agent could be a great option that will help you earn more money.

FAQs

Related links

7 Companies That Buy Houses for Cash in 2022: Want to learn about all your selling options? Check out our other piece on iBuyers and We Buy Houses companies!

How to Sell a House Without a Realtor in Alabama: If you’re thinking about selling to a We Buy Houses company to avoid working with an agent, learn about other ways to save more of your time and money as a FSBO seller.