We Buy Houses Allentown: Top 5 Companies
- Published on
- 15 min read
-
Joseph Gordon EditorClose
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 Allentown can be tough, especially if it needs repairs. We Buy Houses companies in Allentown offer a simple solution: all-cash offers for homes in any condition. This lets you quickly get cash without spending time or money on renovations, ideal for urgent or unexpected situations.
A cash sale is great if you don’t have the time, skills, or money for repairs. Whether you’re moving suddenly, facing financial issues, or just want to skip the hassle of traditional selling, these companies offer a fast and convenient way to move on with your plans.
In this post, we’ll look at the pros and cons of working with house-buying companies in Allentown. We will also show you how selling your home for cash works, and provide you with some alternatives.
Sell Your House Fast in Allentown With a Cash Offer
Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in as little as a week and close in as few as 10 days. No showings, no repairs, no open houses. Available to sellers throughout Allentown.
Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Allentown area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Allentown
Working with house-buying companies in Allentown can speed up the process of selling your home quickly without the need for repairs or lengthy negotiations. Here are the basic steps you’ll follow to sell your house to a cash-for-homes company in Allentown:
1. Contact the company: Find a reputable house-buying company in Allentown. Most will have a contact form or email address, along with a phone number.
2. Provide property details: Share key information about your home, including its condition, location, and necessary repairs.
3. Schedule a home visit: Allow the company to visit your property for a quick inspection to assess its value and condition.
4. Receive an offer: The company will present you with a no-obligation, all-cash offer based on their assessment.
5. Review the offer: Consider the company’s offer and ensure it meets your needs and expectations.
6. Close the sale: If you accept the offer, you can close the sale quickly, often within a week, and receive your cash payment.
Popular We Buy Houses for Cash companies in Allentown
If the process of selling to a house-buying company in Allentown 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’ Victorian or Federal style. By selling to one of these companies, you should be able to sell your Allentown home in as little as a week or two.
Laurel Path Properties
Laurel Path Properties is a well-respected house-buying service in the Allentown area, providing a friendly and straightforward selling experience for Lehigh Valley residents. Their team usually makes a fair all-cash offer within 24 hours of receiving your information, with flexible closing options available as quickly as seven days or to fit your schedule.
Locations: Serves Allentown, Bethlehem, and Easton
Closing costs: Sellers pay no closing costs; Laurel Path Properties covers them.
Laurel Path Properties holds a 5.0 Google rating, based on a limited pool of 5 reviews. One client shares their experience during a challenging time in 2020, initially hesitant to approach a “We Buy Houses” company due to concerns about pushy tactics and low offers. However, their encounter with the team at Laurel Path Properties was exceptional.
Website: laurelpathproperties.com
Phone number: 610-345-7281
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Allentown (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 Allentown.
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 Allentown
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
Hey Offer
Hey Offer will prioritize your schedule, allowing you to set the closing day, often within seven days. Simply fill out a short form or give them a call. Their local team provides a fair, no-obligation cash offer. After a quick property visit to verify the condition and take pictures, you can set the closing date to decide when to sell and get paid.
Locations: Serves Allentown and surrounding areas
Closing costs: Sellers pay no closing costs; Hey Offer covers them.
Hey Offer maintains a 4.6 Google star rating from 14 reviews. A recent client emphasizes the team’s exceptional professionalism, market knowledge, and efficiency in executing fast and smooth transactions.
Website: heyoffer.com
Phone number: 877-277-4610
Pezon Properties Allentown
Pezon Properties Allentown focuses on buying single-family homes and workforce housing across urban and suburban areas in the Greater Lehigh Valley, Reading, and the Poconos. They reinvest most of their profits into enhancing properties and benefiting the community.
Locations: Throughout Pennsylvania, including Allentown
Closing costs: Sellers pay no closing costs; Pezon Properties covers them.”
Pezon Properties Allentown holds a 4.9 Google star rating based on 48 reviews. A recent client recommends the company for their swift, cash purchases of houses in Allentown without the typical red tape of traditional sales.
Website: pezonproperties.com
Phone number: 484-484-0971
We Buy Lehigh Valley Houses
We Buy Lehigh Valley Houses is a family-owned real estate solutions company in the Lehigh Valley. Simply contact them and submit a short property information form. Within 24 hours, they’ll present you with a fair all-cash offer on your house. You can choose your closing date—it’s entirely up to you.
Locations: Serves Lehigh Valley, including Allentown
Closing costs: Sellers pay no closing costs; We Buy Lehigh Valley Houses covers them.”
We Buy Lehigh Valley Houses holds a 5.0 Google star rating based on 6 reviews. A client shares a positive experience, highlighting the team’s responsiveness, informative approach, and lack of pressure. They appreciated the honest feedback and thorough answers to their questions.
Website: webuylehighvalleyhouses.com
Phone number: 484-695-7956
Why sell your Allentown house for cash?
Selling your Allentown property for cash is a great solution when you need to sell your home in a matter of days, particularly when compared to selling on the traditional real estate market.
In Allentown, it typically takes around 52 days to sell a home on the market using an agent. That includes an average of 10 days on the market plus the typical 42 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 Allentown, 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.
Selling your Allentown house for cash can be a smart choice when you need to move quickly or avoid the complexities of a traditional home sale. Here are some common scenarios where working with a house-buying company might be a fitting solution:
- Job relocation: You must move quickly to start a new job in a different city.
- Divorce: You’re going through a divorce and need to sell the house to divide assets.
- Inherited property: You’ve inherited a house and want to sell it without the hassle of repairs and marketing.
- Downsizing: You’re ready to downsize and want a quick sale to move into a retirement community.
- Extensive repairs: Your home needs significant repairs that you can’t afford or don’t want to handle.
- Avoiding open houses: You want to sell without the stress of staging and hosting open houses.
- Foundation issues: Your house has major foundation problems that could deter traditional buyers.
- Facing foreclosure: You’re at risk of foreclosure and need to sell quickly to avoid damaging your credit.
- Problem tenants: You’re a landlord dealing with difficult tenants and want to sell the property.
- Selling from out of state: You live out of state and need an easy way to sell your property in Allentown.
Pros and cons of house-buying companies in Allentown
When considering selling your Allentown home to a house-buying company, weighing the pros and cons is important. Here’s a look at some key benefits and drawbacks to help you make an informed decision.
Selling to a house-buying company in Allentown offers speed and convenience. These companies will purchase your home in any condition without requiring repairs or preparations, providing a hassle-free solution for homeowners needing a quick sale.
- Quick sale: House-buying companies can close the sale within a week, offering a fast solution if you need to move quickly.
- No repairs needed: Sell your home as-is, saving you time and money on repairs or renovations.
- Avoid contingencies: These companies typically buy without contingencies, reducing the risk of deals falling through.
- Convenience: The process is straightforward, with minimal paperwork and no need for showings or open houses.
While house-buying companies in Allentown offer convenience, the most significant drawback is that they usually pay below market value for your home. This can be a major disadvantage compared to selling on the open market with a real estate agent.
- Lower offers: Expect to receive less money compared to selling through a traditional method with a real estate agent.
- Potential for scams: Be aware of scams and do thorough research to ensure the company is reputable.
- Limited negotiation: Offers are typically take-it-or-leave-it, leaving little room for negotiation.
- Emotional toll: Selling quickly can sometimes feel rushed, and you might miss the opportunity to maximize your profit.
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
When selling your Allentown home to a We Buy Houses for Cash company, it’s essential to ensure you’re dealing with a reputable buyer. Here are some key steps to vet cash buyers and know your home’s worth:
- Check reviews: Look up the company online and read reviews from other sellers to gauge their experiences.
- Read testimonials: Look for testimonials on the company’s website to understand the level of service and satisfaction of past clients.
- Research market presence: Investigate the company’s presence and performance in the Allentown market to ensure they are established and trustworthy.
- Read the agreement carefully: Before signing any buying agreement, read it thoroughly to understand the terms and conditions, ensuring you’re making an informed decision.
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 Allentown home quickly
When considering options to sell your Allentown home quickly, you have several choices beyond traditional house-buying companies. Here’s a concise overview:
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to provide fast, all-cash offers. These companies, like Opendoor and Offerpad, typically offer closer to market value for homes in good condition and can close in a few days to two weeks. However, they often charge service fees of 5%-6% and are best suited for properties in relatively good condition. Learn more about the iBuyer process.
Listing with an agent
Though it might seem counterintuitive, listing with a top real estate agent can also be a quick way to sell, especially in a seller-friendly market. A skilled agent can help you price your home strategically and market it effectively, often resulting in a higher selling price. Consulting with an agent provides a comparative market analysis (CMA), which helps determine your home’s value and appropriate listing price. Many agents provide a CMA for free. Additionally, an experienced agent may connect you with buyers offering close to market value in cash. If interested, HomeLight can connect you with a top-performing real estate agent in your area today.
FAQs on Allentown house-buying companies
By and large, most We Buy Houses for Cash companies in Allentown 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 Allentown 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 Allentown Victorian could sell for $240,000 after repairs, but it will need $30,000 of work to get there.
($240,000 x .70) – $30,000 = $138,000
In this example, an Allentown We Buy Houses company might offer you around $138,000 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 Allentown 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.
1. Research and vet the house-buying companies that serve your Allentown area. Our list above is a good place to start.
2. Submit offer requests to a few of the companies you like best.
3. Schedule any required on-site property visits.
4. Compare offers. Weigh the pros and cons and choose the best option for you.
5. 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 Allentown vs. top Allentown 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 Allentown | Sell with a top Realtor in Allentown |
| Selling timeline | 7 to 30 days | 52 days average; 10 to attract an offer, 42 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 | 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 Allentown is worth about $240,000 and needs about $10,000 in repairs. Once the repairs are completed, the home might be worth around $250,000.
| Sell to a We Buy Houses for Cash company in Allentown | Sell with a top Realtor in Allentown | |
| Estimated sale price | ($250,000 x .70) – $10,000 = $165,000 | $240,000 |
| Market preparations | 0 | $2,400 (1% of sale price) |
| Agent commissions | 0 | $13,920 (5.8% of sale price) |
| Closing costs | 0 | $3,600 (1.5%) |
| Estimated take-home for seller | $165,000 | $220,080 |
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 and convenience: House-buying companies in Allentown offer a fast and hassle-free way to sell your home, often closing within a week.
- As-is sales: These companies buy homes in any condition, saving you time and money on repairs.
- Lower offers: Expect to receive less than market value compared to traditional sales.
- Vetting is essential: Always research and vet cash buyers to avoid scams and ensure a fair deal.
- Service fees: Some companies, like iBuyers, may charge service fees of 5%-6%.
- Alternative options: Listing with an agent can also result in a quick sale, potentially at a higher price.
- 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 Hawaii agent.
Header Image Source: (mandritoiu/ 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.