We Buy Houses Cheyenne, WY: 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.
If you need to sell your home quickly in Cheyenne, WY, We Buy Houses companies can offer a fast, hassle-free solution. These companies make all-cash offers for homes in as-is condition, helping you avoid repairs, showings, and lengthy timelines.
Whether you’re facing an unexpected situation such as job relocation, financial urgency such as a pending foreclosure, or just want to move on quickly, a cash sale can provide the speed and simplicity you need. Many sellers close in as little as a week.
This guide will break down the pros and cons of house-buying companies in Cheyenne, compare them with other quick-sale options, and share tips to ensure you make the best choice for your situation.
Sell Your House Fast in Cheyenne 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 24 hours and close in as few as 10 days. No showings, no repairs, no open houses. Available to sellers throughout Cheyenne.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Cheyenne area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Cheyenne
Working with a house-buying company in Cheyenne, WY, is a simple, streamlined process designed to help you sell your home quickly. These companies buy houses as-is, often closing in just days. If you’re considering this option, here’s an easy-to-follow overview of the steps involved.
- Reach out to the company: Contact a house-buying company in Cheyenne through their website or by phone to share basic details about your property.
- Schedule a home assessment: The company will set up a time to visit your home or evaluate it virtually to determine its condition and value.
- Receive a cash offer: After the assessment, you’ll typically receive a no-obligation, all-cash offer, often within 24 to 48 hours.
- Review the agreement: If you accept the offer, you’ll review and sign the purchase agreement, which outlines the terms of the sale.
- Close the sale: The company handles most of the paperwork, and you’ll close the deal at a local title company, often within a week.
- Get your cash: Once the sale is finalized, you’ll receive your payment and can move forward with your plans.
Popular We Buy Houses for Cash companies in Cheyenne
If the process of selling to a house-buying company in Cheyenne 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 house or bungalow. By selling to one of these companies, you should be able to sell your Cheyenne home in as little as a week or two.
House Buyers of Cheyenne
House Buyers of Cheyenne is a group of local investors helping homeowners sell properties quickly. They offer fair cash deals with no repairs or inspections needed and close on the homeowner’s timeline.
Locations: Cheyenne, WY
Closing costs: Sellers pay no closing costs; House Buyers of Cheyenne cover them.
House Buyers of Cheyenne has a 4.9 Google rating.
Website: housebuyersofcheyenne.com
Phone number: 307-274-6014
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Cheyenne (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 Cheyenne.
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 Cheyenne.
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
Invest West Buys Houses
Invest West Buys Houses is a local real estate investment company with over 30 years of experience in Cheyenne and Laramie County.
Locations: Cheyenne and Laramie counties, WY
Closing costs: Sellers pay no closing costs; Invest West Buys Houses covers them.
Invest West Buys Houses has a Google rating of 4.6.
Website: investwestbuyshouses.com
Phone number: 307-632-8222
Wyohouses
Wyohouses is a home-buying company founded by Casey, a Wyoming native and UW alumnus with a passion for improving local communities. Specializing in cash offers, no repairs, and assisting with moving, they focus on providing fast, hassle-free solutions.
Locations: Throughout Wyoming
Closing costs: Sellers pay no closing costs; Wyohouses covers them.
Wyohouses has a Google rating of 4.7. Clients praise the team’s honesty, professionalism, and caring approach.
Website: wyohouses.com
Phone number: 307-460-6200
Lynn Buys Houses
Lynn Buys Houses, founded in 2013, helps homeowners in Cheyenne, Laramie, and Northern Colorado by offering fast, hassle-free cash sales. Specializing in inherited properties, foreclosure prevention, and distressed homes, they provide tailored solutions, assisting with packing, moving, and closing on your timeline
Locations: Areas in Wyoming and Colorado, including Cheyenne.
Closing costs: Sellers pay no closing costs; Lynn Buys Houses covers them.
Lynn Buys Houses, with a 3.3 Google rating, is praised for its professional, patient service and community dedication.
Website: lynnbuyshouses.com
Phone number: 307-365-6850
Why sell your Cheyenne house for cash?
Many valid reasons a Cheyenne home seller may choose to work with a Cash-For-Homes company. Speed, certainty, and remarkable convenience are some of the primary reasons.
In Cheyenne, it typically takes around 72 days to sell a home on the market using an agent. That includes an average of 27 days on the market plus the typical 45 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 Cheyenne, 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 could make sense for you.
- Job relocation: You need to move quickly for a new job opportunity and don’t have time to list your home.
- Divorce: A fast home sale can help you simplify the process and split the proceeds quickly.
- Inherited property: If you’ve inherited a home you don’t want or can’t manage, a cash buyer can offer an easy exit.
- Downsizing: You’re ready to downsize and want to sell quickly to streamline the transition.
- Costly repairs: If your home needs expensive repairs, selling as-is saves you time and money.
- Avoiding open houses: You prefer not to deal with the hassle of open houses and frequent showings.
- Foundation issues: Major problems like foundation issues can scare away traditional buyers.
- Facing foreclosure: Selling to a cash buyer may help you avoid foreclosure and protect your financial future.
- Problem tenants: If you’re struggling with tenants, a cash sale can free you from the burden.
- Selling from out of state: Managing the process out of state can be challenging, but a cash buyer simplifies it.
Pros and cons of house-buying companies in Cheyenne
Working with a house-buying company in Cheyenne, WY, has its upsides and downsides. The biggest advantages are speed and the ability to sell your home in as-is condition without repairs or showings. Here’s a quick look at the pros and cons.
Pros of house-buying companies
A house-buying company offers speed and convenience, especially when selling quickly is a top priority. Here are the key benefits to keep in mind:
- Sell your house as-is: Cash buyers purchase homes in as-is condition, so you don’t have to worry about repairs, updates, or cleaning.
- Fast closing timeline: Many companies can close the sale in as little as a week, helping you move forward quickly.
- No contingencies or financing delays: Cash sales eliminate contingencies and mortgage approvals that can delay or derail a traditional sale.
- Simplified process: From offer to closing, the process is straightforward, saving you the hassle of showings, open houses, and paperwork.
Cons of house-buying companies
While cash buyers offer convenience, the biggest drawback is that they typically pay below market value. Here are other potential downsides to consider:
- Lower offers: Cash buyers usually offer less than what you could get by listing with a real estate agent.
- Limited buyer vetting: Some companies may have unclear practices, leaving you at risk for potential scams.
- No room for negotiation: Most cash offers are take-it-or-leave-it, with little to no flexibility on price.
- Missed equity: Selling quickly may mean sacrificing the opportunity to maximize your home’s equity through a competitive market sale.
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 Cheyenne home quickly
iBuyers
iBuyers, like Opendoor and Offerpad, provide fast, all-cash offers using automated valuation models. The iBuyer process is largely online and streamlined, closing in as little as a few days to two weeks. Offers tend to be closer to market value but typically come with service fees of 5%-6%. iBuyers work best for homes in good condition in uniform housing markets.
Listing with an agent
While selling with an agent takes longer than cash buyers, it can result in a higher sale price. A top agent can strategically market your home for a fast sale, even connecting you with potential cash buyers. Agents also provide valuable insights through a comparative market analysis, which is often free, to help set a competitive price.
If you want to explore listing with an agent, HomeLight can connect you with a top-performing professional in your area.
FAQs on Cheyenne house-buying companies
By and large, most We Buy Houses for Cash companies in Cheyenne 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 Cheyenne 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 Cheyenne ranch-style home could sell for $350,000 after repairs, but it will need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $215,000
In this example, a Cheyenne We Buy Houses company might offer you around $215,000 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 a Cheyenne 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 Cheyenne 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 Cheyenne vs. top Cheyenne 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 Cheyenne | Sell with a top Realtor in Cheyenne |
| Selling timeline | 7 to 30 days | 72 days average; 27 to attract an offer, 45 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 Cheyenne is worth about $345,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $370,000.
| Sell to a We Buy Houses for Cash company in Cheyenne | Sell with a top Realtor in Cheyenne | |
| Estimated sale price | ($370,000 x .70) – $25,000 = $234,000 | $345,000 |
| Market preparations | 0 | $3,450 (1% of sale price) |
| Agent commissions | 0 | $20,010 (5.8% of sale price) |
| Closing costs | 0 | $5,175 (1.5%) |
| Estimated take-home for seller | $234,000 | $316,365 |
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
- Fast and convenient: House-buying companies in Cheyenne offer a quick, hassle-free way to sell your home, often closing within days.
- Sell as-is: You can sell your home in its current condition without worrying about repairs or cleaning.
- Lower offers: Cash-for-homes companies typically pay less than what you might get on the open market.
- Limited negotiation: Most offers are take-it-or-leave-it, leaving little room to negotiate price or terms.
- iBuyers as an alternative: iBuyers provide fast, all-cash offers for homes in good condition, often closer to market value but with service fees.
- Agents provide value: Listing with a top agent can maximize your sale price while offering expert guidance and market insights.
- 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 Cheyenne agent.
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.