We Buy Houses Allen, TX: Top 5 Companies
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Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
Selling your house in Allen, TX, doesn’t have to be a lengthy process. We Buy Houses companies offer all-cash deals, often targeting homes that need repairs. For homeowners on tight deadlines who need to fix up their property, these companies provide a quick and simple solution.
If you’re looking for a fast sale to handle an unexpected move, financial challenge, or other pressing need, a cash-for-homes offer can help you move forward without delay. But is it the best option for your situation?
This guide breaks down how these companies work, their pros and cons, and how they compare to other fast-sale alternatives like iBuyers and top agents in Allen, giving you the information you need to decide.
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Working with house-buying companies in Allen
Selling your house to a We Buy Houses company in Allen is designed to be a fast and straightforward process. If you’re considering this option, here’s a quick overview of the typical steps involved to know what to expect from start to finish.
- Contact the company: Reach out to a house-buying company in Allen by phone or online to provide basic information about your property.
- Schedule a home evaluation: The company will arrange a time to visit your home or assess it virtually to determine its condition and value.
- Receive an offer: After the evaluation, you’ll get a no-obligation cash offer, often within 24-48 hours.
- Review and accept: Decide whether the offer meets your needs. If it does, sign the agreement to proceed.
- Close the deal: The company will handle the paperwork and schedule the closing, which can happen in as few as 7-10 days.
- Get paid: At closing, you’ll receive your payment in cash or via a bank transfer, allowing you to move forward quickly.
Popular We Buy Houses for Cash companies in Allen
If the process of selling to a house-buying company in Allen sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some of the top companies that will pay cash for your or your parents’ ranch-style or Tuscan-style home. By selling to one of these companies, you should be able to sell your Allen home in as little as a week or two.
Myers Home Buyers
Myers Home Buyers is a trusted name in the Dallas market. They value your home, regardless of its condition, and aim to get you the best offer, allowing you to keep more of your home equity.
Locations: Throughout Texas and Florida, including Allen
Closing costs: Sellers pay no closing costs; Myers Home Buyers covers them.
Myers Home Buyers has been BBB accredited since 2014 and holds an A+ rating, with more than 160 reviews on Google averaging 4.7 stars.
Website: myershomebuyers.com
Phone: 866-771-2250
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Allen (and across the country) can request a cash offer for their home. Simple Sale connects you to the largest network of cash buyers in the U.S. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in different locations throughout Allen.
With Simple Sale, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 10 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Allen
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is BBB-accredited with an A+ rating. The company has 4.8 stars on Google based on hundreds of user reviews. Below, you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks and what he thought of the process overall.
Learn more: homelight.com/simple
Phone: 844-488-8455
Keyroo
Keyroo is a newer company to the Dallas market. Keyroo offers sellers the option of a direct cash offer, or a vetted investor auction with competing bids, with the company’s cash offer as a standing alternative. For sellers in an exceptional rush to sell, Keyroo advertises the ability to close in “as little as five days.”
Locations: Across the Dallas area, including Allen
Closing costs: Sellers pay no closing costs; Keyroo covers them
Keyroo is not yet BBB accredited, but despite its newness to the market, this company already has an A+ rating. The company has also earned a perfect 5-star rating on Google.
mykeyroo.com
Phone: 469-425-8928
Home Buying Guys
Home Buying Guys is a small, Plano-based company. It offers a “no-stress MLS” option where they’ll list the home in “as is” condition. The company says it is one of the leading Buy Homes for Cash companies in Texas and Oklahoma.
Locations: Plano, Texas, and surrounding areas, including Allen
Closing costs: Sellers pay no closing costs; Home Buying Guys covers all the fees and charges no real estate commission.
Home Buying Guys has been BBB accredited since 2018 and has an A+ rating. The company has a 4.9-star rating and more than 70 reviews on Google.
homebuyingguys.com
Phone: 866-847-3565
Southern Hills Home Buyers
Southern Hills Home Buyers is a family-owned and operated business based in Plano. The company was founded in 2017 and buys properties all over the Dallas-Fort Worth Metroplex. In addition to buying properties from homeowners who need to sell quickly for cash, the company purchases residential properties from investors and will also buy commercial properties.
The company says it can complete a sale within seven days if necessary.
Location: Plano, Texas, and surrounding areas, including Allen
Closing costs: Sellers pay no closing costs or commission; Southern Hills Home Buyers cover them.
Southern Hills Home Buyers has been BBB accredited since 2021 and has an A+ rating. The company has a 5.0 rating and over 200 reviews on Google.
southernhillshomebuyers.com
Phone number: 214-225-3042
Why sell your Allen house for cash?
Selling your Allen property for cash might not be the right move for you, but for sellers who need to make a quick sale, it’s hard to beat.
In Allen, it typically takes around 107 days to sell a home on the market using an agent. That includes an average of 63 days on the market plus the typical 44 days a buyer needs to close on a purchase loan.
Compare that to the typical seven to 10 days promised by many house-buying companies in Allen, and it’s clear why these Cash-For-Homes groups are an attractive option, even though they don’t always offer top-dollar for the homes they purchase.
Here are some common scenarios where working with a house-buying company might be the right solution for you:
- Job relocation: You need to move quickly for a new job and don’t have time for a traditional home sale.
- Divorce: A divorce is prompting the need for a fast and clean separation of assets.
- Inherited property: You’ve inherited a home that you’re not prepared to maintain or manage.
- Downsizing: You’re downsizing to reduce expenses or simplify your lifestyle and need to sell quickly.
- Major repairs needed: Your house needs costly repairs that you can’t afford or don’t want to tackle.
- Avoiding open houses: You prefer to skip open houses and showings that disrupt your daily routine.
- Foundation issues: Your property has foundation problems that make a traditional sale more complicated.
- Foreclosure risk: You’re facing foreclosure and need to sell before losing the property.
- Difficult tenants: Selling your rental home with tenants in place feels too complicated to handle alone.
- Selling from out of state: You’re managing the sale from another state and need a fast, hands-off solution.
Pros and cons of house-buying companies in Allen
House-buying companies in Allen offer several advantages, especially if you’re in a time crunch or have a home that needs significant repairs. They provide a fast, hassle-free sale without needing repairs or staging.
Pros of selling to house-buying companies
- Speedy sale: Most house-buying companies can close the deal in as few as 7-10 days, helping you move forward quickly with your plans.
- Buy as-is: They purchase homes as-is, so you don’t need to spend time or money on repairs or improvements.
- No contingencies: With no contingencies, you avoid delays and complications that often occur in traditional real estate transactions.
- Convenience: House-buying companies handle all the paperwork and closing details, making the process simple and stress-free.
While selling to a house-buying company is quick and easy, it’s important to consider the trade-offs. The biggest drawback is that these companies typically offer below-market value for your home, which could mean leaving money on the table. Here are some potential downsides:
Cons of selling to house-buying companies
- Lower offers: Expect to receive an offer below market value compared to selling with a real estate agent.
- Limited options: You won’t have the chance to explore competing offers or negotiate a higher price.
- Risk of scams: Some cash-for-homes businesses are legitimate, but others may be scams designed to take advantage of sellers.
- No chance to maximize profit: Selling through a traditional agent could result in a higher sale price, even after accounting for fees and commissions.
Curious What Your Home Is Worth?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
Vet cash buyers and know your home’s worth
The level of integrity and service you experience from a We Buy Houses for Cash company can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits. Your experience depends on the character of the person or group making the offer.
Before committing to a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
HomeLight suggests you consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. Then, compare your cash offer. HomeLight can connect you with a top-performing agent in your market. You can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Allen home quickly
If you’re looking for fast-sale alternatives to house-buying companies, consider these two options:
iBuyers
iBuyers are instant buyers that use automated valuation models to provide near-instant cash offers, often closer to market value for homes in good condition. The process is mostly online and closes in a few days to two weeks. While convenient, iBuyers like Opendoor and Offerpad charge service fees of 5%-6%, which is worth considering if maximizing proceeds is a priority.
Listing with an agent
Selling through a top real estate agent could result in a fast sale in the right market. Agents provide a comparative market analysis (CMA)—often free—to determine the best price for your home. A skilled agent may even connect you with cash buyers offering near-market value. If you’re exploring this option, HomeLight can connect you with a top-performing local agent.
FAQs on Allen house-buying companies
By and large, most We Buy Houses for Cash companies in Allen are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you use an established group with a track record, you can be fairly confident that it’s legit.
That said, as with any financial transaction, it’s a good idea to be on the alert for scams. Always research companies before you sign a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the Better Business Bureau website. Watch for anything that just doesn’t seem right.
As described in our pros and cons list above, most Allen We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value minus their estimated repair costs.
Here’s an example of what a simplified formula might look like:
(Your home’s ARV x .70) – repair costs
To see how this might work in a real-world scenario, let’s take a look at an example offer equation. Let’s say your Allen ranch-style house could sell for $460,000 after repairs, but it will need $30,000 of work to get there.
($460,000 x .70) – $30,000 = $292,000
In this example, an Allen We Buy Houses company might offer you around $292,000 for your home.
However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more than We Buy Houses companies because iBuyers look for homes in better condition. An iBuyer might pay you 90% or more of market value while charging a fee for their services.
When you accept an offer from an Allen We Buy Houses for Cash company, you will likely be coming to grips with a double-edged sword. On the one side, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. Conversely, you’ll likely get less money overall for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive will be the price you walk away with at the end of the deal. Of course, asking the company if any hidden program fees might impact your bottom line is always a good idea.
- Research and vet the house-buying companies that serve your Allen area. Our list above is a good place to start.
- Submit offer requests to a few of the companies you like best.
- Schedule any required on-site property visits.
- Compare offers. Weigh the pros and cons and choose the best option for you.
- Close the sale in a week to 30 days and get paid. (Some companies will let you choose a closing date up to 90 days after accepting the offer, which can be helpful when planning a move.)
We Buy Houses for Cash in Allen vs. top Allen agent
Another helpful exercise is to compare how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s take a glance at how different aspects of the sale might look and compare possible proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Allen | Sell with a top Realtor in Allen |
| Selling timeline | 7 to 30 days | 107 days average; 43 to attract an offer, 44 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, stage home |
| Showings | None | 10 to 25 showings average |
| Inspections / repairs | None | May need to make additional repairs for the buyer or renegotiate the price |
| Appraisal | None | May need to lower your asking price if the appraisal comes in low |
| Title search | Cash-For-Homes companies often handle title issues | Must clear title before you can sell the home |
| Financing contingency | None | Mortgaged buyers use a financing contingency that could hold up the deal if the buyer’s loan doesn’t clear |
| Agent commission | None | 3%-5.8% average |
| Closing costs | None | 1% to 3% of the home sale price on top of agent commission |
Example net proceeds
Below, we’ve compiled one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and an agent-assisted sale.
Let’s say your home in Allen is worth about $450,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $475,000.
| Sell to a We Buy Houses for Cash company in Allen | Sell with a top Realtor in Allen | |
| Estimated sale price | ($475,000 x .70) – $25,000 = $307,500 | $450,000 |
| Market preparations | 0 | $4,500 (1% of sale price) |
| Agent commissions | 0 | $13,500 (3%) |
| Closing costs | 0 | $6,750 (1.5%) |
| Estimated take-home for seller | $307,500 | $425,250 |
As this example illustrates, financially, it’s usually in your best interest to partner with an experienced real estate agent.
However, net proceeds are not the only consideration when selling a home. What’s best in your situation will depend on the condition of your property, what level of repairs are needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Speed is the biggest advantage: House-buying companies can close deals in as little as 7-10 days, providing a quick solution for urgent situations.
- As-is condition is acceptable: You don’t need to make repairs or prepare your home for sale, saving you time and effort.
- Lower offers are standard: Cash-for-homes companies usually pay below market value, which could leave money on the table.
- Scams are possible: Research buyers carefully to avoid falling victim to home-buying scams.
- You have other options: Alternatives like iBuyers or listing with a top agent can offer a balance of speed and financial return.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
At HomeLight, we’re happy to lend a guiding hand in navigating your real estate journey. Let us help you make an informed and confident decision, whether you’re looking for a no-obligation cash offer through a trusted platform like Simple Sale or seeking to consult with a top Allen agent.
Editors note: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Allen area “We Buy Houses” companies should not be considered an endorsement.
Header Image Source: (ehibsman/DepositPhotos)
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.