We Buy Houses Dearborn: 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 a home in Dearborn can feel overwhelming, especially if you’re faced with a challenging situation, or your property needs repairs. We Buy Houses companies in Dearborn offer a simple solution: all-cash offers that let you skip the traditional selling process. These companies specialize in buying homes as-is, allowing you to avoid costly repairs and close quickly.
If you don’t have the time, expertise, or resources to fix up your home, a cash sale could be the lifeline you need. Whether you’re dealing with an unexpected life event or just want to move forward with your plans, selling to a cash-for-homes company can provide fast proceeds and peace of mind.
In this post, we’ll explore the pros and cons of working with house-buying companies in Dearborn, helping you decide if this is the right option.
Sell Your House Fast in Dearborn 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 Dearborn.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Dearborn area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Dearborn
Working with a house-buying company in Dearborn can streamline the selling process when you need a quick, hassle-free sale. Here’s a simple overview of the basic steps to sell your home for cash:
- Contact the company: Reach out to a reputable We Buy Houses company in Dearborn and provide details about your property.
- Schedule a home visit: The company will typically schedule a visit to assess your home’s condition.
- Receive an offer: After the assessment, you’ll get a no-obligation cash offer for your home, usually within 24-48 hours.
- Review the terms: Take time to review the offer and decide if it aligns with your needs and timeline.
- Accept the offer: If you agree to the terms, accept the offer to initiate the sale process.
- Close the deal: Finalize the paperwork and close the sale, often within a week, allowing you to receive your cash quickly.
Popular We Buy Houses for Cash companies in Dearborn
If the process of selling to a house-buying company in Dearborn 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’ Colonial Revival and Craftsman. By selling to one of these companies, you should be able to sell your Dearborn home in as little as a week or two.
Buy Your Land for Cash
Buy Your Land for Cash, located in Dearborn, Michigan, focuses on agricultural, rural, residential, and recreational properties. This real estate investment company assists landowners in turning unwanted land into cash through all-cash offers.
Locations: Arizona, Colorado, Florida, Georgia, Nevada, Oklahoma, Tennessee, Texas and Michigan
Closing costs: Sellers pay no closing costs; Buy Your Land for Cash covers them.
Buy Your Land for Cash has a 4.9-star rating on Google with over 40 reviews.
Website: buyyourlandforcash.com
Phone number: 313-307-6737
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Dearborn(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 Dearborn.
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 Dearborn
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
Michigan Houses For Cash
Michigan Houses For Cash, founded by Sergio Aguinaga, supports homeowners in Southeast Michigan, particularly in Metro Detroit, in selling their houses. To start, you can either complete the cash offer form on their website or call them.
Locations: Dearborn and nearby areas
Closing costs: Sellers pay no closing costs; Michigan Houses For Cash covers them.
Michigan Houses For Cash has a 5.0-star rating on Google with 17 reviews.
Website: michiganhousesforcash.com/sell-my-house-fast-dearborn-michigan
Phone number: 248-654-8993
Speedy Sale Home Buyers
Speedy Sale Home Buyers is a family-owned real estate investment firm located in Royal Oak, Michigan, led by owner Parker McInnis.
Locations: Ohio and Michigan
Closing costs: Sellers pay no closing costs; Speedy Sale Home Buyers covers them.
Speedy Sale Home Buyers holds a 4.8-star rating on Google with over 50 reviews.
Website: speedysalehomebuyers.com/sell-your-house-in-dearborn-michigan
Phone number: 313-552-8608
Blue Moon Acquisitions
Blue Moon Acquisitions, a real estate company in Washington, Michigan, with 9 years of experience, offers AS-IS cash offers for homes with no obligations. Simply fill out a form or contact them by phone to share your home’s details.
Locations: serves Michigan and surrounding areas, including Dearborn
Closing costs: Sellers pay no closing costs; Blue Moon Acquisitions covers them.
Blue Moon Acquisitions has been BBB accredited since 2022 with an A+ rating and holds a 4.6-star Google rating with over 30 reviews.
Website: sellsoonbluemoon.com/sell-your-house-fast-in-dearborn-mi
Phone number: 586-600-7161
Why sell your Dearborn house for cash?
Why sell your home for cash? The primary reason is needing to sell quickly, as selling via the traditional market can take weeks or even months that you may not have.
In Dearborn, it typically takes around 55 days to sell a home on the market using an agent. That includes an average of 11 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 Dearborn, 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 Dearborn house for cash can be a smart choice in various situations, especially when you need a quick, uncomplicated sale. Whether facing life changes or unexpected challenges, a cash sale could be the perfect fit. Here are some common scenarios where selling your home for cash might be the right move:
- Job relocation: Moving quickly for a new job can leave little time for a traditional home sale.
- Divorce: Selling your home swiftly can help simplify property division during a divorce.
- Inherited: Managing an inherited property can be overwhelming; a cash sale offers a hassle-free option.
- Downsizing: If you’re downsizing to a smaller home, a quick sale can speed up the transition.
- Repairs: Avoid costly repairs by selling your home as-is to a house-buying company.
- Open houses: Skip the stress of staging and hosting open houses with a direct cash sale.
- Foundation: Selling a home with foundation issues can be easier when a cash buyer takes it as-is.
- Foreclosure: If foreclosure is looming, a cash sale can help you sell fast and avoid financial trouble.
- Tenants: Selling a rental property with tenants? A cash buyer can simplify the process.
- Selling from out of state: Managing a sale from afar is challenging; a cash offer streamlines the process when selling from out of state.
Pros and cons of house-buying companies in Dearborn
Selling your Dearborn home to a house-buying company has its advantages and disadvantages. Below, we break down the pros and cons to help you decide if this option fits your needs.
Pros of house-buying companies
The biggest perks of working with a house-buying company in Dearborn are speed and convenience. These companies buy homes as-is, saving you the time, effort, and money typically needed to make repairs or prepare your house for sale. Here are some key benefits:
- Fast closing: These companies can close on your home in as little as a week, providing you with cash quickly.
- No repairs needed: You can sell your home as-is, even if it requires significant repairs.
- No staging or showings: Skip the hassle of cleaning, staging, and hosting open houses, which can be time-consuming and stressful.
- Certainty of sale: With no contingencies, you don’t have to worry about the sale falling through.
Cons of house-buying companies
While house-buying companies offer speed and simplicity, the biggest drawback is the financial trade-off. These companies often pay below market value, meaning you’ll likely receive less for your home compared to selling through a traditional real estate agent. Here are some key drawbacks:
- Lower offers: Cash buyers typically offer less than what you might get on the open market.
- Potential for scams: Some less reputable companies may engage in scams, so it’s essential to research and vet potential buyers carefully.
- Limited negotiation: Most offers are take-it-or-leave-it, leaving little room for negotiation on price or terms.
- No agent expertise: You won’t benefit from a real estate agent’s market knowledge and negotiation skills, which can maximize your sale price.
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
Choosing the right house-buying company in Dearborn is important to ensure a smooth and trustworthy experience. Here are key steps to help you vet potential buyers and understand your home’s value:
- Check reviews: Look up online reviews and testimonials to see what other sellers have experienced with the company.
- Research their reputation: Investigate the company’s track record, market presence, and performance to ensure they are reputable.
- Ask for references: Don’t hesitate to request references from past clients to gain insight into their integrity and service.
- Understand your home’s worth: Get a professional opinion or use online valuation tools to gauge your home’s market value before accepting an offer.
- Read the agreement carefully: Before signing, review the buying agreement thoroughly to ensure you understand all terms and conditions.
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 Dearborn home quickly
When speed is a priority, homeowners in Dearborn have other quick-sale options beyond traditional house-buying companies.
iBuyers: These instant buyers use automated valuation models (AVMs) to provide nearly instant cash offers, typically for homes in good condition. The iBuyer process is fast, often closing in a few days to two weeks. Companies like Opendoor and Offerpad offer convenience but may charge service fees of 5%-6%.
Listing with an agent: Selling with a top agent can still result in a quick sale, especially in a seller’s market. Agents provide valuable insights through a comparative market analysis, which is often free. They may also connect you with cash buyers closer to market value. If you’re interested, HomeLight can connect you with a top-performing agent in your area today.
FAQs on Dearborn house-buying companies
By and large, most We Buy Houses for Cash companies in Dearborn 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 Dearborn 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 Dearborn craftsman could sell for $265,000 after repairs, but it will need $30,000 of work to get there.
($265,000 x .70) – $30,000 = $155,500
In this example, a Dearborn We Buy Houses company might offer you around $155,500 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 Dearborn 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 Dearborn 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 Dearborn vs. top Dearborn 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 Dearborn | Sell with a top Realtor in Dearborn |
| Selling timeline | 7 to 30 days | 55 days average; 11 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 Dearborn is worth about $265,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $290,000.
| Sell to a We Buy Houses for Cash company in Dearborn | Sell with a top Realtor in Dearborn | |
| Estimated sale price | ($290,000 x .70) – $25,000 = $178,000 | $265,000 |
| Market preparations | 0 | $2,650 (1% of sale price) |
| Agent commissions | 0 | $7,950 (3% of sale price) |
| Closing costs | 0 | $3,975 (1.5%) |
| Estimated take-home for seller | $178,000 | $250,425 |
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 sale option: House-buying companies in Dearborn provide a quick way to sell your home, often closing in just a week.
- As-is sales: You can sell your home without making repairs or staging it, saving time and money.
- Lower offers: Expect cash offers to be below market value, which could impact your overall financial outcome.
- Vetting is essential: Research and vet cash buyers carefully to avoid scams and ensure a smooth transaction.
- 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 Dearborn agent.
Header Image Source: (Bruno Guerrero/Unsplash)
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