We Buy Houses is a cash buyer company with a nationwide presence across all 50 states and Washington D.C. Since its founding in 1996, We Buy Houses boasts that it has purchased homes from more than one million customers.
Because We Buy Houses has a rather generic name, it’s often confused with “we buy houses companies” in general. To clarify: It’s a distinct company, within a larger category of home buyers who may purchase your house for cash.
The primary benefit of working with We Buy Houses is that their investors are pre-vetted and must pay a licensing fee to advertise with the brand’s logo. This makes them more credible than the average private cash buyer advertising in your town.
We Buy Houses purchases properties at a discounted price from distressed sellers who might be dealing with:
- An inherited home
- A home in need of significant repairs
- A rental property with bad tenants
- Impending foreclosure
Even if you need to sell quickly, it pays to compare your options. Before you sell to a cash buyer, get a free Comparative Market Analysis (CMA) from a local agent in your area. It may be worth more than you think!
🔑 Key Takeaways
- We Buy Houses can help you sell fast. The company makes an all-cash offer in as little as 24-48 hours and can close in as little as seven days.
- We Buy Houses doesn’t charge a service fee to home sellers, and you won’t pay any closing costs.
- This convenience comes at a cost: like other cash buyers, We Buy Houses won’t pay fair market value for your home.
We Buy Houses, at a Glance
|📍 Locations||Over 2700 offices nationwide|
|⏱️ Time to offer||24-48 hours|
|📅 Time to close||7-14 days|
|📓 Customer reviews||4.6 out of 5 across 567 reviews|
Is We Buy Houses Legitimate?
The simple answer is yes — We Buy Houses is a legitimate company with over 2,700 offices nationwide. We Buy Houses sets national standards its licensees are required to meet, making it more credible than private cash buyers who aren’t vetted by anyone.
Before opening a new We Buy Houses office, real estate investors are evaluated on criteria such as:
- How much experience they have buying homes
- The number of homes they’ve purchased
- Their local reputation
- Their tenure working in real estate
Licensees are also required to sign a Standard of Ethics which pledges that they’ll act honestly while dealing with customers.
It’s unclear how exactly We Buy Houses ensures its investors will uphold these standards — but the agreement allows We Buy Houses to revoke its affiliation with any investor whose conduct is unacceptable.
That being said, each We Buy Houses office is independently owned and operated, so your experience may vary depending on which location you work with.
How Selling to We Buy Houses Works
We Buy Houses offers a few key perks: You won’t pay any fees, and there’s no obligation to sell if you request a cash offer on your home.
If you’re in the process of evaluating all of your home selling options, you can compare an offer from We Buy Houses risk-free.
That being said, keep in mind that a We Buy Houses investor will view your home as an investment opportunity, so expect the offer to be much lower than a listing price on the open market.
Receiving a We Buy Houses offer generally goes like this:
- Submit your information. You can either call your local We Buy Houses office or complete an online form with details about your home.
- Schedule an inspection. After collecting some basic information, a member of your local We Buy Houses team will reach out to gather more details about your home and schedule a property inspection.
- Complete an inspection. During the inspection, the We Buy Houses investor will assess your home’s overall quality and note any necessary repairs.
- Receive an offer. Within 24-48 hours, We Buy Houses will present you with an all-cash offer.
- Close the deal. If you accept the cash offer, you can close in as little as seven days.
Pros & Cons of Selling to We Buy Houses
|Get an all-cash offer in as little as 24 hours||You won’t have an agent negotiating on your behalf|
|Close quickly, in as little as 7 days||You could sell for more on the open market|
|Skip any repairs or prep work||There’s little to no room to negotiate We Buy Houses’ offer|
|Avoid paying any fees or closing costs|
Should I Sell to We Buy Houses?
It all depends on your situation and your goals as a seller.
If you’re in a difficult situation and you need to sell your home quickly, selling to a cash buyer like We Buy Houses might be worth considering.
However, there are some major drawbacks. Above all, selling to a cash buyer almost always results in a lower offer price compared to what you might receive on the open market.
There are multiple reasons for this. For one thing, selling on the open market could lead to multiple offers that drive the sale price up. It also allows you to establish a fair market value based on your local market — not an investor’s bottom line.
An experienced real estate agent can help you navigate almost any situation. For example, they can advise homeowners who are facing foreclosure, relocating suddenly, or trying to sell a vacant or distressed home.
And if you need to sell fast, some real estate agents have relationships with investors who are actively buying homes for cash. Even if you still end up selling your home to a real estate investor, an agent may be able to help you get a more competitive sale price and negotiate on your behalf.
We Buy Houses Locations
With over 2,700 offices across 49 states and Washington D.C., We Buy Houses is available to many potential home sellers.
We Buy Houses Customer Reviews
|Average Rating||Total Reviews|
Homeowners who agree to a discounted offer from We Buy Houses generally have different expectations than the average seller. While the average seller wants to get the best possible price, people selling to a cash buyer like We Buy Houses prioritize a fast, easy sale.
With that in mind, We Buy Houses has numerous positive reviews because it consistently delivers on that promise.
We scoured customer reviews from across the country and found that although We Buy Houses won’t offer anywhere near your home’s maximum value, you’ll at least get the benefit of working with a recognized brand that takes care of all of the selling details for you.
In fact, we had trouble finding any negative reviews from home sellers who worked with We Buy Houses, which speaks to the brand’s overall consistency.
On Facebook, Andy H. was impressed by We Buy Houses’ swift customer service:
Christy T. trusted We Buy Houses’ expertise throughout the process:
And when Dawn K. needed help selling her father’s home fast to cover some medical bills, she received a fair offer from We Buy Houses:
We Buy Ugly Houses Reviewed: The Good, the Bad, and the Ugly: You’ve probably seen their online ads, or their fliers, or even the signs nailed to utility poles around town: “We Buy Ugly Houses,” followed by a phone number. But what is “We Buy Ugly Houses”? Is it a scam? We created an in-depth, balanced review to help you gauge whether We Buy Ugly Houses is the right solution for your home sale.
What to Know Before Selling a House in Poor Condition: Finding the right buyer can be tough if your home is in poor condition. Read our guide to learn all your options, including the fastest ways to sell and how to get the best possible offer.
Are “We Buy Houses” Companies a Ripoff? Selling your home to a cash buyer company can be a hassle-free solution—or a decision you might regret, depending on your specific circumstances. Learn when it make sense to accept a cash offer instead of listing your property on the open market.
🏠 Have you sold a house using WeBuyHouses.com? We’d love to hear more about your experience. Leave a comment below!