Published
-
Written by
-
Edited by Kristen Klempert
Written by Thomas O'Shaughnessy
Edited by Kristen Klempert
Best We Buy Houses companies in Rhode Island | Should I sell to a We Buy Houses company? | How much do they pay? | Alternatives | FAQs
We Buy Houses companies in Rhode Island pay significantly less than fair market value for homes — sometimes as little as 50%. However, if you own a distressed property or you need cash for your home quickly, a We Buy Houses company might be your best choice.
We spent hundreds of hours researching legitimate We Buy Houses companies in Rhode Island to find the 4 best options. Our rankings include considerations like offer time, closing time, customer reviews, and availability (nationwide, statewide, or county/citywide only).
| 💰 Cash buyer | 💸 Time to offer | 🗓 Time to close |
|---|---|---|
| We Buy Ugly Houses | After home evaluation | 21 days |
| JB Jackson Solutions | 24 hours | 7 days |
| PRO Home Buyers | 24 hours | 7 days |
| We Buy Houses | 24–48 hours | 7–14 days |
Before you choose a We Buy Houses company, you should speak to a real estate agent in Rhode Island to find out how quickly they think your house will sell and what it’s worth in the current market. You’ll probably make a lot more money if you have time to list your home.
Want to get expert advice from an agent? Our friends at Clever can connect you with a local agent who can give you a free, no-obligation consultation on your situation and discuss your selling options.
Connect with Clever partner agents near you today!
Top 4 We Buy Houses Companies in Rhode Island
Nationwide
- (866) 200-6475
- Offer after home evaluation
- Close in 21 days
We Buy Ugly Houses is a network of cash buyer franchises that has been purchasing homes throughout the U.S. since 1996. It can make a final cash offer after completing a property walkthrough and close in as few as 3 weeks.
We Buy Ugly Houses purchases homes in and around Providence.
Statewide
- (401) 354-1485
- Offer in 24 hours
- Close in 7 days
JB Jackson Solutions is a family-owned business that buys houses in Rhode Island. It can make an initial cash offer within 24 hours, allows sellers to choose their closing date, and can close in as few as 7 days. Unfortunately, JB Jackson Solutions has no online reviews as of this writing.
Jb Jackson Solutions buys homes all over Rhode Island.
Statewide
- (401) 298-2098
- Offer in 24 hours
- Close in 7 days
PRO Home Buyers is a family-owned business that buys houses throughout Rhode Island. It can make an initial offer within 24 hours and close in as few as 7 days. Unfortunately, PRO Home Buyers has no online reviews as of this writing.
Pro Home Buyers purchases homes throughout all of Rhose Island.
Nationwide
- (877) 932-8946
- Offer in 24-48 hours
- Close in 7-14 days
We Buy Houses is a network of cash buyers that have been buying homes all over the U.S. since 1997. It can make an offer anywhere from 24–48 hours and can close as quickly as seven days. Sellers who left reviews said they were pleased with the fast and easy transactions that the company provided.
We Buy Houses purchases properties across Rhode Island.
Not seeing the right company for you? Find more nationwide cash buyers here!
Should I sell to a We Buy Houses company in Rhode Island?
It depends on your primary motivation as a seller: do you need to sell your home quickly, or are you trying to sell an unwanted home?
If speed is your primary concern, you need to take market conditions into account before you decide. If you’re worried about selling a home in poor condition, listing with the help of a real estate agent is still an option.
Selling times in Rhode Island
| 🗓 Time to sell | 💰 Median listing price | |
|---|---|---|
| Rhode Island | 40 days | $481,975 |
| United States | 50 days | $427,250 |
Selling a home in poor condition in Rhode Island
You might be tempted to sell your home to a We Buy Houses company in Rhode Island if it’s full of junk, in need of extensive upgrades, or structurally unsound. This is an option, but an agent can help you deal with an unwanted property without asking you to take a massive discount on the sale price.
A real estate agent can get your home in front of multiple buyers, bring competition into the mix and give you the best chance to capitalize on the home’s fair market value.
Real estate agents can’t guarantee that your home will sell as quickly as it would if you went directly to a We Buy Houses company, but you can be almost certain that you’ll end up with more money in your pocket.
How much do We Buy House Companies in Rhode Island pay?
We Buy Houses companies and local real estate investors generally use the 70% rule: never pay more than 70% of a home’s after-market value (AVR), minus repair costs. You can get a ballpark idea of your home’s AVR by looking at listing/sale prices of comparable homes in your neighborhood that have been renovated recently.
The median listing price of homes in Rhode Island is $481,975. 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 $287,383.
(After repair value x 0.70) – Repair costs = Purchase price
($481,975 x 0.70) – $50,000 = $287,383
Key Takeaway
🚨 Keep in mind, this is the best case scenario. A We Buy Houses company is likely to pay as little as possible to maximize their profits.🚨
Alternatives to We Buy Houses companies in Rhode Island
There are alternatives to selling to a We Buy Houses company in Rhode Island that could net you a lot more money in the end.
- Sell to an iBuyer — iBuyers pay close to fair market value for homes, and some can close in as little as ten days. They generally don’t buy distressed homes, but an iBuyer might be an option if your home only needs minor repairs.
- List with a low commission real estate agent — Companies like Clever can connect you with an agent who can work for a pre-negotiated low commission to help you sell without leaving money on the table.
👨💼 Want to talk to an agent? Our friends at Clever can connect you with a top agent in your area who can list your home for just 1.5%.
Frequently Asked Questions about We Buy Houses companies in Rhode Island
Are We Buy Houses companies in Rhode Island legit?
Yes, We Buy Houses companies in Rhode Island are legitimate. However, there are a few companies that will take advantage of a desperate seller and make a lowball offer — which is why it’s essential to look into a company’s online reviews before signing a contract. The most reliable option is to sell to companies like We Buy Ugly Houses and WeBuyHouses.com, as they are larger and more established.
How much money will a We Buy Houses company pay in Rhode Island?
More often than not, Rhode Island cash buyers pay at least 30% lower than a property’s market value so they can turn a profit when reselling it. Although that sounds unfair, they do offer the fastest closing periods — which is something that sellers in difficult situations need. For example, JB Jackson Solutions can close in as short as one week. Read through our guide on how We Buy Houses for Cash companies work to find out more.
How can I sell my property quickly in Rhode Island?
The fastest and easiest way to sell a Rhode Island property is to sell to a local cash buyer. JB Jackson Solutions, for instance, can make you an offer within 24 hours and close in as few as seven days. However, when you’re working with the right real estate agent, you can also close quickly while netting a higher profit from your home.
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: Solution or Scam? 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”? 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.
Leave a Reply