We Buy Houses Conway: Top 4 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 Conway home can be overwhelming, especially when time isn’t on your side. We Buy Houses companies in Conway offer a fast solution by making all-cash offers for property, even if those needing extensive repairs. This can be a great option if you don’t have the time, expertise, or mon to fix up your home.
In this post, we’ll explore the pros and cons of working with We Buy Houses companies in Conway. We will also explain how the process works, provide you with some local companies purchasing homes for cash in the Conway area, and give you some alternatives to consider.
Sell Your House Fast in Conway With a Cash Offer
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Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Conway area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Conway
Working with a house-buying company in Conway allows you to skip the traditional selling process and focus on a fast, cash-based transaction. Here’s a quick overview of how it works:
- Reach out to a house-buying company: Contact a local We Buy Houses company by phone or through their website to express your interest in selling.
- Schedule a home evaluation: The company will typically schedule a walkthrough or virtual assessment to evaluate your property’s condition.
- Receive a cash offer: After the evaluation, the company will present a no-obligation, all-cash offer, often within 24-48 hours.
- Review the terms: Take time to review the offer’s terms, including any fees and the expected closing timeline.
- Choose your closing date: Once you accept the offer, you can often pick a closing date that fits your schedule, sometimes within a week.
- Close and collect your cash: On the agreed-upon date, you’ll sign the paperwork, complete the sale, and receive your payment.
Popular We Buy Houses for Cash companies in Conway
If the process of selling to a house-buying company in Conway 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 home or Craftsman bungalow. By selling to one of these companies, you should be able to sell your Conway home in as little as a week or two.
Little Rock Property Buyers
Little Rock Property Buyers lets you sell your home in four steps. Once you provide your property information, the staff can make a cash offer within 24 hours. The sale can close as quickly as seven days, sometimes the same day, or on a timeline that works for you.
Locations: Little Rock, Central, and Northwest Arkansas
Closing costs: Sellers pay no closing costs. Little Rock Property Buyers covers them.
Little Rock Property Buyers maintains a 4.8-star rating on Google. Reviewers label the company as “tried and trusted” and praise the staff for their prompt, smooth service.
Website: propertybuyersar.com
Phone number: 501-381-7493
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Conway (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 Conway.
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 Conway.
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
We Buy Houses Arkansas
We Buy Houses is a national homebuying network with independent franchise offices in Arkansas. It buys single-family homes, condos, land, and other real estate types. On average, sellers can expect to close within 7-14 days.
Locations: Nationwide, including Arkansas
Closing costs: Sellers pay no closing costs. We Buy Houses covers them.
We Buy Houses has been BBB accredited since 2020 and holds an A+ rating. Customer reviews for We Buy Houses speak to reliability, responsiveness, and fairness.
Website: webuyhouses.com/AR
Phone number: 877-932-8946
365 Property Buyers
365 Property Buyers was founded in 2019. The company specializes in fast property purchases without the need for repairs, purchasing homes regardless of the condition, and letting clients work on a timeline that fits their needs.
Locations: Arkansas, including Conway
Closing costs: Sellers pay no closing costs; 365 Property Buyers covers them.
365 Property Buyers holds a 5.0-star rating on Google.
Website: 365propertybuyers.com
Phone: 501-369-0365
Why sell your Conway house for cash?
Selling your cash for home isn’t for everyone. However, if you want to sell your home without delay, a We Buy Houses company can be a great alternative to selling via the traditional market.
In Conway, it typically takes around 83 days to sell a home on the market using an agent. That includes an average of 40 days on the market plus the typical 43 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 Conway, 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 reasons why a cash sale might be right for you.
- Job relocation: You need to sell quickly to move for a new job opportunity and can’t afford to wait for the typical home-selling timeline.
- Divorce: A fast sale helps you move on quickly, avoiding the complications of dividing property during a divorce.
- Inherited house: You’ve inherited a home and prefer to sell it without dealing with repairs, updates, or property management.
- Downsizing: You’re ready to move into a smaller home and don’t want to go through open houses or lengthy negotiations.
- Repairs needed: The house requires costly repairs, like a new roof or foundation work, that you’d rather not handle before selling.
- Facing foreclosure: You’re at risk of foreclosure and need to sell quickly to avoid losing the home.
- Tenant-occupied property: You’re ready to sell but don’t want to deal with the complications of having tenants in the home during the process.
- Selling from out of state: You live far from your property and need a quick, simple way to sell without being physically present.
Pros and cons of house-buying companies in Conway
At this point, you’ve probably noticed that We Buy Houses for Cash companies in Conway can trigger a mixed bag of thoughts that can be difficult to sort. You may like the idea of speed and convenience, but you might be having trouble balancing these with the premium you might pay for a cash-offer service.
Pros
Selling to a house-buying company in Conway can be a practical choice when you need a fast, straightforward sale. However, it’s important to understand both the advantages and disadvantages to make an informed decision. Here’s an overview of the pros and cons.
Pros of house-buying companies in Conway
The biggest advantages of working with a house-buying company are speed and the ability to sell your home as-is. They’ll take your home without requiring repairs or preparations. Here are the main benefits:
- Speedy sale: Cash sales can close quickly, often within seven days, allowing you to access your proceeds faster and move on with your plans.
- No repairs necessary: These companies buy homes as-is, so you won’t have to worry about making expensive repairs or updates.
- No showings or open houses: You can avoid the hassle of staging your home and scheduling showings, making the process more convenient and less intrusive.
- Flexible closing date: Many house-buying companies offer flexibility, letting you pick a closing date that works for your schedule.
Cons of house-buying companies in Conway
While the convenience is appealing, the biggest downside is the lower offer compared to what you might get on the open market. Here are some key drawbacks:
- Lower offers: House-buying companies often pay below market value, which may leave you with less than selling through a traditional route.
- Potential scams: It’s important to be cautious of scams in this space, as not all cash buyers are reputable.
- No negotiation: Most companies present a take-it-or-leave-it offer, so you won’t have much room to negotiate for a higher price.
- Contingency-free sales: While selling without contingencies speeds up the process, it can leave you exposed to risks if problems arise during the 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
When working with a house-buying company in Conway, it’s essential to do your homework. The integrity and service you experience can vary based on the person or group making the offer. Before committing to a cash offer, consider these important steps:
- Check reviews: Look up online reviews and ratings to see what others have said about their experiences with the company.
- Read testimonials: Pay attention to testimonials from previous clients to get a sense of the company’s track record and reliability.
- Research their market presence: Investigate how long the company has been in business and its performance in the market.
- Review the agreement: Carefully read through the buying agreement to ensure there are no hidden fees or clauses before signing anything.
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 Conway home quickly
iBuyers
iBuyers, like Opendoor and Offerpad, use automated valuation models to provide quick, all-cash offers for homes in good condition. They often close within days to two weeks, but iBuyers charge fees of 5%-6%, so be sure to weigh that against their convenience.
Listing with an agent
While not as fast, listing with a top real estate agent could lead to a quick sale, especially if the home is well-priced and marketed. A trusted agent can provide a comparative market analysis—often free—to determine your home’s value. If you’re interested in this option, HomeLight can connect you with a top agent.
FAQs on Conway house-buying companies
By and large, most We Buy Houses for Cash companies in Conway 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 Conway 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 Conway ranch-style home could sell for $300,000 after repairs, but it will need $30,000 of work to get there.
($300,000 x .70) – $30,000 = $180,000
In this example, a Conway We Buy Houses company might offer you around $180,000 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 Conway 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 Conway 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 Conway vs. top Conway 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 Conway | Sell with a top Realtor in Conway |
| Selling timeline | 7 to 30 days | 83 days average; 40 to attract an offer, 43 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 Conway is worth about $300,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $325,000.
| Sell to a We Buy Houses for Cash company in Conway | Sell with a top Realtor in Conway | |
| Estimated sale price | ($325,000 x .70) – $25,000 = $202,500 | $300,000 |
| Market preparations | 0 | $3,000 (1% of sale price) |
| Agent commissions | 0 | $17,400 (5.8% of sale price) |
| Closing costs | 0 | $4,500 (1.5%) |
| Estimated take-home for seller | $202,500 | $275,100 |
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 sales are possible: House-buying companies in Conway offer the convenience of a quick sale, often closing within a week or two.
- No repairs needed: You can sell your home as-is without spending time or money on repairs or improvements.
- Offers are typically lower: Cash-for-homes companies often make offers that are below market value, so be prepared for a lower payout.
- Limited negotiation: Most companies present take-it-or-leave-it offers, giving you little room to negotiate on price.
- Research is essential: Always vet the buyer thoroughly to avoid potential scams and ensure you’re working with a reputable 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 Conway agent.
Header Image Source: (Nadine123 / Depositphotos)
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