5 Top We Buy Houses for Cash Companies in Chino
- Published on
- 15 min read
- Kelsey Morrison Former HomeLight EditorCloseKelsey Morrison Former HomeLight Editor
Kelsey Morrison worked as an editor for HomeLight's Resource Centers. She has seven years of editorial experience in the real estate and lifestyle spaces. She previously worked as a commerce editor for World of Good Brands (eHow.com and Cuteness.com) and as an associate editor for Livabl.com. Kelsey holds a bachelor’s degree in Journalism from Concordia University in Montreal, Quebec, and lives in a small mountain town in Southern California.
If you’re a homeowner in Chino facing an unexpected life event that necessitates a move, or you simply don’t have the time to list your house or condo on the open market, selling to a “We Buy Houses” company can be a strategic solution.
These companies make all-cash offers for properties in any condition, and will often cover the sellers’ closing costs to sweeten the deal. This option is ideal for Chino homeowners who are unable to make repairs, as well as those grappling with time constraints or financial challenges. It allows you to fast-track the sale of your home without the traditional hassles of the reale state market.
In this guide, we’ll explore the pros and cons of working with a “We Buy Houses” company to help you make an informed decision. We’ll also highlight some of the top cash-for-homes companies serving the Inland Empire.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Chino area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Chino
Companies that buy homes for cash can often be your fastest route to closing. Here’s how the process of securing an all-cash offer generally works:
1. Research companies: Look for reputable We Buy Houses companies that are active in San Bernardino County. Check their track records and reviews to ensure you’re dealing with a trustworthy buyer.
2. Get in touch: Reach out to the company by giving them a call or filling out the form on their website. You’ll typically need to provide basic information about your property, such as its location, size, and condition.
3. Schedule a walk-through: A representative from the company will likely want to asses your home in-person to determine its condition and market value.
4. Receive an offer: Based on the information you provide and the findings of the walk-through, the company will present you with a no-obligation cash offer. Note that these offers are typically take-it-or-leave-it.
5. Close the sale: If you accept the offer, you’ll move forward to closing the sale. The company will handle most of the paperwork, and you can often receive your cash within a matter of days or weeks. Many companies will even pay closing costs on the seller’s behalf.
Popular We Buy Houses for Cash companies in Chino
Sold on the idea of selling to a Chino “We Buy Houses” company? Now comes the most important part: finding a reputable company you can trust.
We’ve rounded up some of the top companies that will pay cash for your parents’ 1950s ranch-style home or contemporary townhouse. By selling to one of these companies, you should be able to sell your Chino home in as little as a week or two.
Casey Buys Houses
Casey Buys Houses is a family-owned business run by husband and wife team, Casey and Jillian TeVault. They have over 12 years of experience in real estate and investment, and purchase homes in “as-is” condition. Casey Buys Houses can extend an offer on your home within 24 hours and close the transaction in as little as seven days if necessary.
Locations: Inland Empire cities including Chino, Ontario, Riverside, Victorville, and Moreno Valley
Closing costs: Sellers pay no closing costs; Casey Buys Houses covers them.
Casey Buys Houses boasts a 5-star rating on Google. Customer reviews mention Casey’s clear communication, house-flipping expertise, and overall professionalism. “My father recently passed, and my siblings and I needed to sell his house fast in order to settle his estate,” wrote a recent client. “We contacted Casey, and he promptly appraised our property and gave us a very competitive win/win offer.”
Website: caseybuyshouses.com
Phone number: 909-455-9496
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Chino (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 US. 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 Chino.
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 Chino
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is accredited by the Better Business Bureau (BBB) 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
Crafted Property Solutions
Crafted Property Solutions is a Chino-based real estate company that presents multiple options to sell your house, including Cash Offer, Fix & List, and List It. If you opt for a cash offer, you can close your home sale in as little as seven days. It’s easy to schedule a free, no-obligation consultation by giving Crafted Property Solutions a call or filling out the form on their website.
Locations: Cities throughout Southern California, including Chino
Closing costs: For more details on closing costs, reach out to Crafted Property Solutions directly.
Crafted Property Solutions has a 5-star rating on both Google and Yelp. In these reviews, clients mention founder Alex’s professionalism, attentiveness, and strong work ethic. “[Alex] helped me sell my parents’ home easily,” reads one review. “He made this difficult process easy, and I can’t recommend him enough.”
Website: craftedpropertysolutions.com
Phone number: 949-822-9522
Diamond Home Buyers, Inc.
Located in nearby Rancho Cucamonga, Diamond Home Buyers, Inc. is a family-owned business dedicated to helping homeowners find solutions to their property challenges. They can close deals in as few as seven days and pay all closing costs on the sellers’ behalf. Diamond Home Buyers, Inc. purchases homes throughout Southern California, in markets like Chino, Ontario, Upland, Rancho Cucamonga, and Claremont.
Locations: San Bernardino, Riverside, and Los Angeles counties, including Chino
Closing costs: Sellers pay no closing costs; Diamond Home Buyers, Inc. covers them.
Diamond Home Buyers, Inc. has been BBB-accredited since 2020 and holds an A+ rating. They also have a 5-star rating on Google. Reviews highlight founder Tom’s responsiveness, willingness to explain the process, and high ethical standards. “[Tom] really had the best interests of my parents well being, and not only was patient but genuinely showed compassion,” wrote one former client.
Website: diamondhomebuyersinc.com
Phone number: 909-200-6606
Priority Home Buyers
Priority Home Buyers was founded in Las Vegas in 2008 and has since expanded into markets across the US, including Chino. They offer a streamlined process in which homeowners can receive a competitive cash offer within one hour, and close the sale in as little as seven days. They have local home buying specialists who can present you with an offer in-person or over the phone. Priority Home Buyers will close on your schedule and allow you to choose your move-out date. They’ll also pay all closing costs on the sellers’ behalf.
Locations: Nationwide, including Chino
Closing costs: Sellers pay no closing costs; Priority Home Buyers covers them.
Priority Home Buyers has been BBB-accredited since 2023 and holds an A- rating. They also have a 5-star rating on Google. Previous clients describe an easy process, competitive offers, and a quick response time. “From the moment I contacted them, their professional approach stood out,” wrote one reviewer from San Bernardino. “I needed to sell my home fast, and they didn’t disappoint.”
Website: priorityhomebuyers.com/sell-my-house-fast-chino-california
Phone number: 877-399-1777
Why sell your Chino house for cash?
Life throws curveballs, and sometimes selling your Chino home is the best way forward. Whether it’s a new job opportunity, a move to a senior living facility, or the desire for a fresh start, house-buying companies offer an alternative to the traditional real estate market.
In Chino, it typically takes around 88 days to sell a home on the market using an agent. That includes an average of 44 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 Chino, and it’s easy to see why these Cash-For-Homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
Let’s dig into some of the most common reasons Chino homeowners sell to “We Buy Houses” companies over listing on the open market:
- Job relocation: If you’re moving for a new job and need to sell quickly, a cash sale can be the simplest path forward.
- Divorce: Dividing assets can be challenging; selling your home for cash can simplify the process during a divorce.
- Inherited property: If you’ve inherited a home that you don’t want to keep, selling it for cash can be an efficient resolution.
- Downsizing: Looking to move into a smaller, more manageable home? A cash sale can facilitate a smoother transition when you’re downsizing.
- Major repairs needed: Selling a home that requires significant repairs can be daunting; cash buyers typically purchase “as-is.”
- Avoiding open houses: If you prefer not to deal with the hassle and invasion of privacy that come with open houses, a cash sale eliminates that need.
- Foundation problems: Foundation issues can be a dealbreaker for many buyers, but cash buyers often take on such challenges.
- Foreclosure looming: Facing foreclosure? A quick cash sale can help you avoid the foreclosure process and its impact on your credit.
- Problematic tenants: If you’re a landlord with difficult tenants and you’re ready to sell, a cash offer provides an out.
- Selling from afar: Managing a sale from another state can be complex; cash sales simplify the process.
If you’re facing any of these scenarios, a cash offer from a “We Buy Houses” company serving the Inland Empire might be worth considering. However, this should just be the beginning of your research. It’s important to weigh all of your options to ensure that selling for cash is the best fit for your situation.
Pros and cons of house-buying companies in Chino
When you’re considering selling to a house-buying company in Chino, the allure of a quick sale and the convenience of selling “as-is” are significant draws. However, it’s essential to consider the drawbacks, including receiving an offer below market value. Here’s a quick breakdown of the pros and cons that come with this arrangement:
Pros
- Quick sale: The process can be incredibly fast, often closing within a week, which is ideal for sellers needing to move on quickly.
- Sell as-is: You can sell your home in its current condition without worrying about repairs or renovations.
- No contingencies: These sales usually don’t involve financing, inspection, or sale contingencies, simplifying the transaction.
- Fewer fees: Selling to a house-buying company typically means no real estate agent commissions or closing costs for the seller, increasing your savings.
Cons
- Below market value: Offers from house-buying companies are generally lower than what you might achieve on the open market.
- Limited negotiation: The offer you receive is often take-it-or-leave-it, with little room for negotiation.
- Scams: While many companies are reputable, the risk of scams exists. Sellers should thoroughly research and verify the legitimacy of the buyer.
- Loss of potential profit: You might miss out on higher offers that could come from listing your home on the market, especially in a seller’s market.
Vet cash buyers and know your home’s worth
When you decide to sell your Chino home to a We Buy Houses for Cash company, it’s important to remember that your experience will largely depend on the integrity and professionalism of the buyer. The level of service and ethics among cash buyers varies significantly.
Before committing to any offer, it’s crucial to vet the company or individual thoroughly. Check online reviews, read through testimonials, and research their market presence and past transactions to get a sense of their reputation.
You should also have an idea of your home’s value before accepting an offer. Reading the buying agreement carefully will ensure you are fully aware of the terms and that they align with your expectations.
HomeLight suggests you consult with an experienced real estate agent to get a better idea of what your home might be worth if sold on the open market. Then compare it to your cash offer. HomeLight can connect you with a top-performing agent in Chino. 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 Chino home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to make quick, all-cash offers on homes, often closer to market value. The iBuyer process is fast and convenient, happening mostly online, and can be a good option for sellers with homes in better condition. Opendoor and Offerpad are the major players in the industry, and these companies may charge service fees of around 5%–6%. Note that iBuyers seek out properties in good condition in areas with homogenous housing types.
Listing with an agent
Although it’s not typically the first choice for sellers prioritizing speed, working with a top real estate agent could fast-track your home sale, especially in a seller’s market like Chino.
Agents bring significant value through strategic pricing, marketing, and the potential for cash offers close to market value. A key advantage is the comparative market analysis (CMA), which agents often provide for free, to help set the right price. If you’re considering the agent route, HomeLight can connect you with top performers in and around Chino.
FAQs on Chino house-buying companies
By and large, most We Buy Houses for Cash companies in Chino 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 Chino 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 Chino Spanish house could sell for $720,000 after repairs, but it’s going to need $30,000 of work to get there.
($720,000 x .70) – $30,000 = $474,000
In this example, a Chino We Buy Houses company might offer you around $474,000 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 Chino We Buy Houses for Cash company, you will likely be coming to grips with a two-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 the offer is accepted. On the other side, 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 is going to be the price you walk away with at the end of the deal. Of course, it’s always a good idea to flat-out ask the company if there are any hidden program fees that might impact your bottom line.
1. Research and vet the house-buying companies that serve your Chino 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 Chino vs. top Chino 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 Chino | Sell with a top Realtor in Chino |
Selling timeline | 7 to 30 days | 88 days average; 44 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 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 put together 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 Chino is currently worth about $720,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $750,000.
Sell to a We Buy Houses for Cash company in Chino | Sell with a top Realtor in Chino | |
Estimated sale price | ($750,000 x .70) – $30,000 = $495,000 | $720,000 |
Market preparations | 0 | $7,200 (1% of sale price) |
Agent commissions | 0 | $41,760 (5.8% of sale price) |
Closing costs | 0 | $10,800 (1.5%) |
Estimated take-home for seller | $495,000 | $660,240 |
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
- Selling to a house-buying company in Chino can close your sale quickly, often within days or weeks.
- There’s no need for repairs or renovations; sell your home in its current condition.
- The selling process is straightforward, with minimal paperwork and no contingencies.
- Get a no-obligation cash offer for your Chino home (in almost any condition) through HomeLight’s Simple Sale platform. A wide range of partner investors makes it a great starting point, even if you’re unsure who would buy your house.
- Be prepared that offers from these companies are typically less than what the open market might provide. Know your home’s value before you accept an offer.
- Exploring alternatives such as iBuyers or listing with an agent could yield a higher sale price.
As you consider selling your Chino home to a “We Buy Houses” company, it’s a good idea to gather multiple offers and carefully weigh your options before making a final decision.
Consulting with a top Chino real estate agent can offer valuable insights into how quickly and for how much your property might sell on the open market. If you’re looking for expert guidance through this process, HomeLight is here to assist with all your real estate needs, ensuring you make the best choice for your situation.
Header Image Source: (wolfields/ Pixabay)