Top We Buy Houses companies in New Mexico | Should I sell to a We Buy Houses company? | How much do they pay? | Alternatives | FAQs
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We Buy Houses companies in New Mexico can help you sell your house quickly if you’re having trouble selling on the open market or can’t wait for the listing process.
Cash buyer companies typically make cash offers that are far less than you’d get from a traditional buyer, because they intend to update and resell the home for a profit. In most cases, you could make more money finding a traditional buyer.
Before you sign a contract with a We Buy Houses in New Mexico 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 New Mexico, Clever Offers is a great place to start. Clever Offers matches sellers like you with top local realtors, who will bring you fair offers from top cash home buyers in your area. You’ll also get a free professional home valuation, so you can compare your cash offers to what your house is worth on the open market. Get cash offers from top New Mexico buyers now!
Quick view: Top 5 New Mexico We Buy Houses for Cash companies
|💰 Cash buyer||💸 Time to offer||🗓 Time to close|
|1. 505 Home Buyers||24 hours||7 days|
|2. Express Homebuyers||7 minutes||7 days|
|3. We Buy Ugly Houses||After home evaluation||21 days|
|4. Enlight Homebuyers||24 hours||30–60 days|
|5. We Buy Houses||24–48 hours||7–14 days|
Who should sell to a New Mexico 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 a we buy houses for cash company isn’t ideal for all situations, but may be a good option for you if:
- You’re at risk of losing the home to foreclosure
- You need to sell in a hurry
- The home needs repairs but you are not able to pay for or complete them
Even if the above situations apply to you, it’s often still possible to sell your home quickly — and for a lot more money — on the open market. You may also be able to sell your home as-is, without needing to take care of repairs.
If you’re unsure whether you’d benefit from a We Buy Houses for Cash company compared to a more traditional sale, we highly recommend scheduling a free consultation with a local realtor. You can compare their professional opinion on your home’s value and selling timeline against the offer from the cash buyer.
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.
Top 5 We Buy Houses companies in New Mexico
🥇505 Home Buyers: Our top pick
505 Home BuyersWebsite
- (505) 633-5720
- Offer in 24 hours
- Close in 7 days
505 House Buyers is a family-owned cash buyer based in Albuquerque. It offers quick offers and flexible closing times.
505 House Buyers buys homes in Albuquerque and Rio Rancho, New Mexico.
505 House Buyers is a family-owned business based in Albuquerque that buys homes in Albuquerque and Rio Rancho, New Mexico. It tops our list for its local expertise and flexible closing times.
505 House Buyers can make a no-obligation cash offer within 24 hours and close — cash in your hand — within seven days. Closing times are flexible, so you can set a date that works for you. It buys houses as-is, so you won’t be responsible for repairs or even cleaning before leaving the property.
🥈Express Homebuyers: Preliminary offer in minutes
Express Homebuyers New MexicoWebsite
- (877) 804-5252
- Offer in 7 minutes
- Close in 7 days
Express Homebuyers has been a nationwide cash buyer since 2003. It makes an all-cash offer over the phone and can close in as soon as seven days.
Express Homebuyers purchases homes across New Mexico.
Express Homebuyers is a national network of cash buyers that operates in all 50 states, including Albuquerque, Las Cruces, and Rio Rancho in New Mexico. It’s been operating for more than 20 years and is well-known and respected by past sellers, who appreciated its quick and straightforward transactions.
Express Homebuyers is rated 4.3 out of 5 on Trustpilot and A+ by the Better Business Bureau. As its name implies it’s one of the fastest companies to sell to, which is why it’s in our top three. You can get a preliminary cash offer within minutes when you call the company. You’ll get a final offer after a home inspection, but the initial offer can help you quickly gauge whether the company is worth your time. You can close within a week or on your own timeline, up to 30 days after getting the offer.
» MORE: Express Homebuyers review
🥉We Buy Ugly Houses New Mexico: Established brand
We Buy Ugly Houses New MexicoWebsite
- (877) 241-4332
- Offer after home evaluation
- Close in 21 days
We Buy Ugly Houses is a network of cash buyer franchises that buys homes around Albuquerque. It can make an offer after a property walkthrough and close within three weeks.
We Buy Ugly Houses purchases homes in Albuquerque, New Mexico.
We Buy Ugly Houses by HomeVestors is an established nationwide company that buys houses for cash through its offices in and around Albuquerque, New Mexico. You can call them to schedule a home evaluation and get a cash offer right after.
We Buy Ugly Houses can take up to three weeks to close a sale, which is longer than most competitors in the industry. But it makes a firm cash offer after your home inspection, which means you’ll know exactly what the company is willing to pay for your home; it won’t adjust the price before the sale closes.
We Buy Ugly Houses has an A+ rating by the Better Business Bureau, and it’s well-liked and trusted among past sellers and customers for easy transactions.
>> MORE: We Buy Ugly Houses review
4. Enlight Homebuyers: Longest closing time
- (505) 227-8865
- Offer in 24 hours
- Close in 30-60 days
Enlight Homebuyers is a local real estate group that buys homes in New Mexico and Utah. It can make an offer within a day but could take up to one or two months to close the sale.
Enlight Homebuyers buys homes in Albuquerque and Rio Rancho, New Mexico.
Enlight Homebuyers is a group run by local real estate investors that purchases homes throughout Utah and New Mexico. They provide flexible closing dates and can make an initial offer in 24 hours.
Enlight Homebuyers has one of the longest closing times in the area — it can take 30 to 60 days to close your sale. Most cash buyer companies can close within one or two weeks. Past sellers appreciated the company’s reasonable offers and communication, though, and this company could still be helpful to you if speed isn’t your priority.
5. We Buy Houses: Decades of experience
We Buy Houses NMWebsite
- (877) 932-8946
- Offer in 24-48 hours
- Close in 7-14 days
We Buy Houses is a network of cash buyers around the country that buys homes in Farmington, Rio Rancho, Las Cruces and other cities around New Mexico.
We Buy Houses purchases properties all over New Mexico.
We Buy Houses is a nationwide network of cash buyers that purchases homes around the U.S., including in Farmington, Rio Rancho, Las Cruces, and other cities around New Mexico. You can get an offer within one to two days of calling the company, and your sale can close within one to two weeks.
Past sellers who worked with the company were pleased with fast and easy transactions; you could have cash in hand in as little as seven days.
As we note in our We Buy Houses review, each We Buy Houses franchise office is independently owned, so your experience may differ depending on which city you’re in.
Not seeing the right company for you? Check out our list of the top companies that buy houses for cash across the country!
id=”how-it-works” How do We Buy Houses for Cash companies work?
We Buy Houses for Cash companies in New Mexico 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 New Mexico home sellers
|✅ Pros||❌ Cons|
|Fast, easy closing. These companies typically make an offer within 24–48 hours and close in as little as one week.||Significantly lower sale price. The biggest drawback is that you won't get what your home is actually worth on the open market.|
|No paperwork. Most reputable We Buy Houses companies will take care of all the paperwork for you.||Little room to negotiate. The offer they give you generally doesn't have much wiggle room.|
|No repairs. They'll buy your property as-is without requiring any repairs — even if your home is in poor condition.||No representation. Unlike in a traditional real estate transaction, you won't have an agent to represent your best interests.|
How much do We Buy Houses companies in New Mexico pay?
We Buy Houses companies and local real estate investors in New Mexico 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 New Mexico is $373,768. 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 $211,638.
(After repair value x 0.70) – Repair costs = Purchase price
($373,768 x 0.70) – $50,000 = $211,638
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
|🗓 Time to sell||💰 Median listing price|
|New Mexico||60 days||$373,768|
|United States||50 days||$427,250|
We Buy Houses companies can make almost instant cash offers — allowing you to close in as few as 7 days.
But the speed comes at a price — getting less than what your home is worth.
While the average time to sell in New Mexico is 60 days, a realtor who specializes in quick home sales may be able to help you sell faster on the open market — without losing hard-earned equity.
You’re selling a house in poor condition
Another great benefit of a cash buyer like We Buy Houses in New Mexico 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 New Mexico 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 New Mexico home sellers
There are two main types of alternatives to selling to a We Buy Houses company in New Mexico: 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 New Mexico 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 New Mexico 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 New Mexico 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 New Mexico
Are We Buy Houses companies in New Mexico legit?
Although most New Mexico We Buy Houses companies are legitimate, some companies will make a lowball offer to take advantage of desperate sellers. As such, it’s best to look through online reviews to find companies with positive feedback before signing any contract. Homeowners that sold to Enlight Homebuyers mentioned that its reps made reasonable offers. A more established company like We Buy Ugly Houses is also a great option in the state.
How much money will a We Buy Houses company pay in New Mexico?
A cash buyer typically makes a below-average offer — around 50% to 70% of a home’s estimated value — to ensure they make money when reselling the property. However, they also offer a fast and easy closing, which is perfect for sellers in difficult situations. In New Mexico, for example, 505 Home Buyers can close in as few as seven days. Read on to find out more about how We Buy Houses for Cash companies work.
How can I sell my property quickly in New Mexico?
Selling to a We Buy Houses for Cash company is one of the fastest ways to get an offer and sell a property in New Mexico. For instance, 505 Home Buyers can make an offer within 24 hours and close in as few as seven days. However, another great option is to work with a local real estate agent, as they can also close quickly — while getting you a higher sale price.
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 New Mexico” 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 New Mexico home selling guides
Average Realtor Fees in New Mexico: Knowing your local standard commission rate can help you avoid overpaying for a realtor, while also helping you accurately estimate costs when you sell your home. Our guide gives you all the information you need to make informed choices about realtors.
Top We Buy Houses Companies in New Mexico: A We Buy Houses company may — or may not be — a great option for you, depending on your situation. Our guide helps you decide, and reveals our top choices if you decide to use a cash buyer.
How to Sell a House Without a Realtor in New Mexico: Selling a home in New Mexico without a realtor can save you a lot on realtor fees, but is also more work than many sellers count on. We give you all the information you need, whether selling with or without a realtor.
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