Is We Buy Houses Legit?

We Buy Houses is a legitimate company that buys houses directly from homeowners for cash. They operate through a franchise model, so the quality of experience you have can vary depending on the specific franchise you interact with. Here’s a breakdown of their service and some things to consider before selling your house through them.

What Types of Properties Do They Buy?

We Buy Houses typically focuses on houses that may be difficult to sell on the traditional market. This could include:

• Inherited houses
• Houses in need of repairs
• Vacant houses
• Houses in foreclosure

Coverage Area

The browsable source lists the following areas as being part of We Buy Houses’ coverage area:

• Philadelphia
• Los Angeles
• Fort Lauderdale
• Atlanta
• Austin
• Dallas
• Phoenix
• Las Vegas

Selling Process

The selling process with We Buy Houses is generally quite fast. Here’s a simplified overview of what you can expect:

1. Contact We Buy Houses: You can initiate contact through their website or by phone.
2. Get a Cash Offer: A representative from We Buy Houses will visit your property to assess its condition and make you a cash offer.
3. Close the Sale: If you accept the offer, We Buy Houses will take care of the closing process, which can happen in as little as two weeks.

Payout

We Buy Houses pays in cash, and unlike traditional home sales, you won’t have to cover closing costs. However, it’s important to note that We Buy Houses will almost always offer below market value for your house. This is because they factor in the cost and time required to make any necessary repairs and sell the house themselves.

Reviews

Since We Buy Houses is a franchise operation, the customer experience can vary depending on the location. While there is no mention of Google Rating or BBB accreditation on their website, a browsable source found an average customer rating of 4 out of 5 stars. That said, there were also 4 customer complaints registered in the last 3 years.

Pros and Cons

Pros:

• Fast cash offer
• No need to make repairs
• Convenient and hassle-free closing process

Cons:

• Below market value offers
• Limited negotiation room
• Variable quality of service depending on the franchise location

Competitors

There are several other companies that offer cash for houses, including:

• Sell My House Fast
• Express Homebuyers
• InvestorCashOffers
• SimplySold
• HomeGo

Competitor Analysis

When choosing a cash for houses company, it’s important to compare offers from multiple companies. Here are some things to consider:

• Reputation: Research the company’s reputation online and read customer reviews.
• Offer amount: Get offers from several companies to see who is offering the most money for your house.
• Closing speed: Find out how quickly each company can close on the sale.
• Fees: While We Buy Houses covers closing costs, some competitors may have fees associated with the sale.

Other Options You Should Consider

Before selling your house to a cash for houses company, it’s also worth considering these alternatives:

• Sell your house on the traditional market: This can take longer and require more effort, but you may be able to get a higher selling price.
• Get a loan to make repairs: If your house needs repairs, you may be able to get a loan to cover the costs and then sell your house on the traditional market for a higher price.

Cash for Home Companies Near You

Reviews: Should You Sell To Them?

We Buy Houses can be a good option if you need to sell your house quickly and don’t mind getting less than market value. However, if you’re not in a hurry and want to get the most money for your house, you may be better off selling on the traditional market or considering a loan to make repairs.

FAQs

How fast can We Buy Houses close on a house?

We Buy Houses can typically close on a house in as little as two weeks.

Does We Buy Houses pay all closing costs?

Yes, We Buy Houses covers all closing costs.

Is there any pressure to accept We Buy Houses’ offer?

No. You are under no obligation to accept their offer. You can get offers from other companies or try to sell your house on the traditional market.

Conclusion

Ultimately, the decision of whether or not to sell your house to We Buy Houses is up to you. Weigh the pros and cons carefully and consider

Contact

Website: https://webuyhouses.com/

Phone: 1-877-932-8946

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  User Rating

   

  3
• Shared by a Customer on Reddit

   
  I was offered about 50% of my home’s market value. Their pitch was that it would be a quick, hassle-free sale—no cleanup, no repairs, just sign and take the money. Since my situation involved an estate, they positioned themselves as middlemen who could market the property to investors and “ease my family’s burden.” The reality was different. The offers that came in were downright insulting—far below market value. Even when they got a few investors to “increase” their bids, the numbers were still ridiculously low. To be fair, the people I dealt with were polite and persistent. They weren’t rude or pushy, and once I declined, they simply disappeared. In the end, I chose to list with a local realtor and received a fair market offer, which worked out much better. My takeaway: if you’re in a tough situation and just need to get rid of a property fast, this route might appeal to you. But if you want anywhere close to market value, you’re better off with a traditional listing.
• Shared by a Customer on Reddit

   
  I had a company contact me after I started looking online, and at first, everything seemed great. The buying department was very pleasant, everyone I spoke with was polite, and the process felt almost too perfect. I thought, “No way—this seems legit.” At the time, I was in the middle of putting siding on my home, and overall it only needed a few small repairs. As we got closer to closing, though, things started to change. The reps began stumbling over their words, and I started to feel nervous. Then, instead of moving forward, they stalled until the closing date passed. After that, they told me they weren’t buying the house at all—a third party was—and that the third party had backed out. Their solution? They wanted me to either extend or cancel. Here’s the worst part: I had already taken out a $4,000 loan to finish the siding, because they asked if it could be done before closing. I made sure it was completed on time, but now I’m stuck with a loan I can’t afford and no guarantee the house will even sell to them. They also refused to stand behind a few key promises that would have given me security in the deal. At this point, I feel like I could even lose my home—and if that happens, they’d be able to swoop in and buy it cheaper. That’s how it feels to me. So my advice? Be very careful if you decide to work with them. There might be good companies out there, but based on my experience with We Buy Houses, I’d say: RUN.
• Shared by a Customer on Reddit

   
  I’ve dealt with We Buy Houses, and unfortunately, it was not a good experience. They told me they were going to buy my home for cash, but instead they put a lien on my property. At first, I carefully read through the contract they sent me. Later, Matt (the person I spoke with) told me my name was spelled incorrectly and sent me a “new” contract. He said it was the same as the first one, so I trusted that and signed it. But after looking closer, I discovered that the new contract was very different—it gave them the right to put my house on the market and do whatever they wanted with it. When I realized this, I told them it was fraud and demanded that the contract be voided. I even wrote a letter telling them to cancel it within 24 hours. They did send me another contract, but then they placed a lien on my house anyway and later claimed the cancellation was a “mistake.” From my experience, I believe they use shady tactics and take advantage of people. To me, it felt like a scam, and I would not recommend trusting them.

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