We Buy Houses in Detroit | Top Companies

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  Written by Jon Stubbs

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  Edited by Andrew Whytock

Top We Buy Houses companies in Detroit | Should I sell to a We Buy Houses company? | How much do they pay? | Alternatives | FAQs

Looking to sell your home quickly in the Motor City? We Buy Houses in Detroit companies can help by providing an offer in 24–48 hours and allowing you to close in as little as one week.

But there’s a catch: We Buy Houses companies only offer up to 70% of your home’s value. Cash buyers are usually investors who buy homes they’re looking to flip for a profit, so they tend to buy homes in disrepair for less than market value. But if you’re looking to sell a home quickly without spending any of your own money on repairs, a We Buy Houses company could be right for you. 

Before you sign a contract with a We Buy Houses in Detroit company, we strongly recommend getting multiple offers. This lets you compare your options, so you can be confident you’re getting a fair price for your house.

If you’re looking to sell your house fast for cash in Detroit, we can help you compare your options easily. Our free service 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 Detroit buyers now!

Quick view: Top 6 Detroit We Buy Houses for Cash companies

💰 Cash buyer	💸 Time to offer	🗓 Time to close
1. Clever Offers	Varies	Varies
2. Steve Moves Michigan	24 hours	7 days
3. Express Homebuyers	7 minutes	7 days
4. We Buy Ugly Houses	After home evaluation	21 days
5. Waymark Homes	24–48 hours	10 days
6. We Buy Houses Michigan	24–48 hours	7–14 days

Top 6 We Buy Houses companies in Detroit

🥇 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 available for any support you need during the process, including buyer communications, offer rejections, and more.

» MORE: Clever Offers in review

🥈 Steve Moves Michigan: Runner up

Steve Moves Michigan buys homes in the Detroit area as well as some other cities in Michigan. The family-owned and operated company has been buying homes since 2017. 

The company can provide you with an initial offer in 24 hours and close as quickly as one week. In the reviews we found online, sellers have mentioned company representatives were:

• Friendly and helpful. 
• Transparent with every part of the process.

There are some negative reviews of the company on Google, but the complaints seem to be with issues other than the home selling process. 

🥉 Express Homebuyers: Initial offer in minutes

Express Homebuyers is a nationwide brand that has been buying houses across the U.S. Founded in 2003, Express Homebuyers purchases homes all over Michigan, including Metro Detroit. 

Express Homebuyers provides a preliminary offer in just seven minutes, which is faster than most other cash buyers. After the initial offer, a representative will visit the home and adjust the offer if necessary. If you accept the offer, you can close on your home in as few as seven days or wait up to 30 days.

The company is highly rated with an A+ rating with the Better Business Bureau and a 4.3 out of 5 on Trustpilot. Former sellers said:

• Great for a short notice move.
• Reps help all transactions run smoothly. 
• Truly a hassle-free experience. 

In our review of the national Express Homebuyers brand, Some former sellers complain about the company’s spammy marketing practices, including persistent emails and messages long after rejecting the offer. 

4. We Buy Ugly Houses Michigan: Established brand

We Buy Ugly Houses (also known as HomeVestors) is a nationwide company that buys homes in the Greater Detroit area and across all of Michigan. 

After conducting a home walkthrough, a representative will provide you with an offer. The company takes up to three weeks to close, so it might not be for those who are looking for a fast closing. 

Like we said in our review of the national We Buy Ugly Houses brand, reviewers had generally positive things to say, including:

• Representatives made all transactions easy.
• The company is flexible with closing dates.
• The initial offer wasn’t reduced later.

5. Waymark Homes: Local expertise

Waymark Homes is a local cash buyer that purchases homes in Detroit and surrounding areas. It provides offers within 24–48 hours and can close in 10 days. 

Sellers who have worked with Waymark Homes praise the company’s responsiveness and patience in explaining the process. Customers also mentioned:

• Waymark was fast, easy, and honest throughout the entire process. 
• It has a very knowledgeable staff who provide good advice. 

Some customers took issue with Waymark’s aggressive marketing tactics after the offer. 

6. We Buy Houses Michigan: Decades of experience

We Buy Houses Michigan is a local franchise that is part of a nationwide network of cash buyers. It can provide an offer in 24–48 hours and close on your home in one to two weeks after accepting the offer. 

When we wrote our review of the national We Buy Houses brand, we mentioned that each local franchise is individually owned, so service and customer satisfaction can vary from one location to another. 

That being said, most customers were satisfied with their We Buy Houses experience:

• The employees were happy to answer any questions.
• Representatives were knowledgeable and able to help advise sellers on their options. 
• All transactions were fast and hassle free.

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

Who should sell to a Detroit We Buy Houses company?

We Buy Houses for Cash companies are best for people who need to sell their house immediately, even if it means leaving a lot of money on the table.

Selling to an investment company that buys houses for cash may be a good option for you if:

• You’re facing imminent foreclosure
• You need to sell incredibly quickly (in a week or less)
• Your home is in poor shape and you don’t have time or money for repairs

Before you go with a We Buy Houses for Cash in Detroit company, take a moment to evaluate your situation. If you’re on an extremely tight timeline and can’t afford to make repairs, selling to a We Buy Houses company may be your best (or only) option.

But it’s often possible to sell your home quickly — and for a lot more money —  on the open market. Even if you can’t pay for repairs, you may be able to list with an agent and sell it quickly in as-is condition.

If you’re considering selling to a cash home buyer in Detroit, we highly recommend comparing multiple cash offers with a service like Clever Offers.

A Clever concierge will gather details about your home and bring you cash offers from local and national companies with good reputations. You can also explore alternative home sale options, like seller financing or listing with a local realtor.

How do We Buy Houses for Cash companies work?

We Buy Houses for Cash companies in Detroit are typically owned by real estate investors. These investors look for deals, most often by searching for distressed or unwanted properties that tend to be less desirable to ordinary home buyers.

They purchase the homes by making fast, all-cash offers that allow them to buy at a discounted price. Then, they make the necessary repairs and re-sell the properties for a profit.

We Buy Houses for Cash pros and cons for Detroit home sellers

How much do We Buy Houses companies in Detroit pay?

We Buy Houses companies and local real ecity investors in Detroit 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 comparable homes in your neighborhood that have been renovated recently.

The median listing price of homes in Detroit 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

($263,800 x 0.70) − $50,000 = $134,660

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

Selling to a We Buy Houses company may be worth it if you need to sell your home quickly and don’t have time to make any repairs.

But most sellers will be able to sell their home for a much higher price by listing on the open market.

You need to sell your house fast

One of the main benefits of a We Buy Houses company is that it can make almost instant cash offers — allowing you to close in as little as seven days.

The catch is that you won’t get the maximum value for your home.

While the average time to sell in Detroit is 52 days, a realtor who specializes in selling homes quickly may be able to help you sell your home faster on the open market — without sacrificing so much equity.

You’re selling a house in poor condition

Another great benefit of a cash buyer like We Buy Houses in Detroit is that it will purchase homes in as-is condition. If your home is in need of extensive repairs or is structurally unsound, it may be easier to sell to a We Buy Houses company instead of finding a buyer on the open market.

That said, we recommend talking to an experienced real estate agent before accepting an offer from a We Buy Houses Detroit company. In today’s market, there are buyers who are willing to purchase fixer-uppers, and you’ll almost always get more money for your home by selling on the open market.

If you’d like to get an agent’s professional opinion, our partners at Clever can connect you to a top local realtor. You’ll get a free expert home valuation to make sure you’re getting a fair price.

Better alternatives for Detroit home sellers

There are two main types of alternatives to selling to a We Buy Houses company in Detroit: selling to an iBuyer or listing with a traditional agent.

If you’re selling a newer home that doesn’t need extensive repairs, we recommend getting an offer from an iBuyer.

Listing with a real estate agent is the best way to sell your home for its full value — and an agent can help you compare cash offers to what your home may get on the open market.

Sell to an iBuyer

Like We Buy Houses companies, iBuyers make all-cash offers on homes. They offer the same fast closing timelines, but they typically pay much closer to market value. 

But there’s a reason iBuyers pay more than traditional We Buy Houses companies. iBuyers have much stricter purchase criteria and are only available in select areas. If your home was built recently and only needs minor repairs, it may be a good candidate for an iBuyer. Otherwise, it probably won’t qualify.

If you need to sell your Detroit home quickly and it’s in good shape, we recommend seeing if there are any iBuyers available in your area. Requesting a cash offer only takes a few minutes, and you can walk away with no obligation if the offer is lower than what you think your home is worth.

List with a Detroit realtor who specializes in quick sales

Every seller should start their selling journey with an expert home valuation from a local real estate agent — even if you ultimately decide to sell to accept a cash offer from a We Buy Houses company or iBuyer.

Getting a home valuation is free, no-risk, and allows you to ensure that you’re making the right decision.

In the current Detroit real estate market, many top agents can still sell your home quickly. They can even target individual cash buyers and investors, allowing you to sell your home as-is while still getting top dollar for your home.

FAQs about We Buy Houses companies in Detroit

More We Buy Houses for Cash resources

Want to learn more about how We Buy Houses companies work and what you should watch out for as a home seller? Check out these great resources!

Companies That Buy Houses for Cash [In-Depth Guide]: You might be willing to sell to a We Buy Houses company if you’re in a bind, but is it worth it? Find out how these companies operate. 

Are “We Buy Houses” Companies a Ripoff? Cardboard signs at the side of the road don’t seem very professional, so what’s the deal with all of these companies that advertise “We Buy Houses in Detroit” on highway billboards? Learn how to tell the difference between a legitimate cash buyer and a scam.

How Much Will an Investor Pay for My House? Investors don’t buy houses because they love them — they buy them to make a profit. Learn more about how an investor would price your home if they were interested in buying it.

More Detroit home selling guides

We Buy Houses in Michigan | Top Companies: Looking to sell a home to a cash buyer outside of the Detroit area? These are the top companies to start with. 

Cost to Sell a House in Michigan: Find out how much you can expect to pay in closing costs and commission when selling a home in Michigan and how to save.

Top 3 Michigan Flat Fee MLS Listing Services: Planning on selling your home without a realtor? You’ll need to list it on the MLS, a database where most buyers search for homes. For a flat fee, these companies can get you on the MLS without an agent. 

Average Realtor Fees in Michigan: Learn what you can expect to pay in realtor commission in Michigan and find out about ways to save when hiring a real estate agent.