We Buy Houses Dothan, AL: 4 Top Companies
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Kelsey Morrison, Former HomeLight EditorClose
Kelsey Morrison Former HomeLight EditorKelsey 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.
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Sam Dadofalza, Associate Refresh EditorClose
Sam Dadofalza Associate Refresh EditorSam Dadofalza is an associate refresh editor at HomeLight, where she crafts insightful stories to guide homebuyers and sellers through the intricacies of real estate transactions. She has previously contributed to digital marketing firms and online business publications, honing her skills in creating engaging and informative content.
For Dothan, Alabama homeowners looking to sell, speed is often the top priority. Life circumstances such as a job relocation, financial struggles, divorce, or the loss of a loved one may prompt the need to bypass the slow, traditional home-selling process.
Finding the right buyer is key to a quick and hassle-free move forward. In these cases, a cash offer from a “We Buy Houses” Dothan, AL company can provide a fast, efficient solution to help close the deal without delays.
Sell Your Dothan House Fast With a Cash Offer or Top Agent
Get an all-cash, no-obligation offer on your Dothan home through HomeLight’s Simple Sale platform. Close in as few as 10 days with no repairs or showings. You can also request an expert estimate of what your home might sell for using a top Dothan agent.
These “We Buy Houses” businesses pay cash for homes in any condition and under any circumstances, whether the property requires extensive repairs or is facing foreclosure. They provide an easy exit for homeowners who need to move quickly and lack the time or resources to list on the open market.
However, cash buyers typically offer less than a home’s market value, which can reduce net proceeds.
In this article, we’ll weigh the pros and cons of partnering with a local “We Buy Houses” company and highlight some of the most reputable cash buyers serving the Dothan, AL market. We’ll also look into other options for selling your home quickly. By the end, you’ll be able to make an informed decision that aligns with your home-selling goals.
Working with house-buying companies in Dothan
When you need to sell your house fast in Dothan, working with a house-buying company can be a straightforward solution. Here are the basic steps to guide you through the process:
- Contact the company: Find well-reviewed Dothan cash home buyers online. Narrow down your choices to a few that seem reliable, then contact them directly to begin the process.
- Give them the details: You’ll likely be asked to fill out an online form to share details about your property, including its address, condition, age, and size.
- Schedule a walkthrough: A company representative might arrange an inspection of your property to better determine its condition and market value.
- Receive a cash offer: Once the evaluation process is complete, you’ll receive a no-obligation cash offer for your house.
- Accept or decline the offer: Decide whether to accept the offer or explore other avenues.
- Close the deal: If you accept the offer, you’ll work with the company to schedule a closing date. They take care of most of the paperwork, and you’ll receive your payment at the time of closing, usually via bank transfer.
Popular We Buy Houses for Cash companies in Dothan
If the convenience of selling your house to a homebuying company appeals to you, the next step is finding a trustworthy company to work with.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ home, whether that’s a brick-clad ranch or a Cape-style home. By selling to one of these companies, you should be able to sell your Dothan home in as little as a week or two.
Heritage Home Buyers
Heritage Home Buyers, a family-owned company based in Enterprise, buys houses at any price and in any condition in the Wiregrass region of Alabama, which includes Dothan. It makes an initial cash offer within 24 hours of receiving a homeowner’s property information and can close a deal in as little as seven days.
The team accommodates various seller scenarios, from those facing foreclosure or managing an unwanted rental property to those navigating a divorce and wanting to relocate quickly. On top of this, they let sellers choose the closing date.
Locations: Alabama Wiregrass region, including Dothan
Closing costs: Sellers pay no closing costs; Heritage Home Buyers covers them.
While not accredited by the Better Business Bureau (BBB) Heritage Home Buyers has a high A+ rating with the organization. Moreover, it has earned a 4.7-star Google rating.
Previous clients have said that the employees are easy to work with, always available to answer questions, and true to their word. They commended how the team facilitated a fast closing process, finalizing the transaction in less than 30 days.
Website: heritagebuys.com
Phone number: 334-463-6955
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Dothan (and across the country) can request a cash offer for their home. It connects you to one of the largest networks 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 neighborhoods throughout Dothan.
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 Dothan
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform designed by HomeLight, a real estate solutions company founded in 2012. The company is BBB-accredited and has an A+ rating. Based on hundreds of user reviews, it has 4.8 stars on Google.
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® Dothan, AL
We Buy Houses® is a national company that has been in business since 1997. It buys homes, condos, land, and all types of real estate, regardless of condition or price range. It currently operates in 30 states and over 200 markets, including Dothan.
After an in-person inspection, We Buy Houses® can provide homeowners with a no-obligation cash offer within 24 to 48 hours. Once the offer is accepted, the closing process typically takes just seven to 14 days.
Locations: Nationwide, including Dothan
Closing costs: Sellers pay no closing costs; We Buy Houses® covers them.
Although not BBB-accredited, We Buy Houses® holds an A+ rating. Testimonials on their website, which come from buyers all over the country, mention the company’s professionalism and easy-to-understand procedures. Clients also mention how convenient and straightforward the process was for completing the sale.
Website: webuyhouses.com/AL/dothan/
Phone number: 1-877-932-8946
Veritas Buyers
Veritas Buyers operates in Dothan, Alabama, and purchases homes in “as-is” conditions. After completing a walkthrough of the property, it typically makes a no-obligation cash offer within 24 hours.
The team aims to close quickly once the offer is accepted. The sale may be finalized within seven to 14 days. Adopting a data-driven approach when calculating offers, the company examines the property’s location, size, age, condition, and nearby comps.
Locations: Statewide, including Dothan
Closing costs: Sellers pay no closing costs; Veritas Buyers covers them.
Veritas Buyers has a perfect 5-star rating on Google based on a limited number of reviews. Former clients have mentioned the company’s seamless selling process, fair offers, and kind and caring employees. One customer noted how the team is completely upfront about the details of the transaction while maintaining fast and direct communication on updates about the sale.
Website: veritasbuyers.com/alabama/houston-county/dothan/
Phone number: 256-488-4055
Why sell your Dothan house for cash?
If you need to sell your house quickly in Dothan, AL, opting for a cash sale through a house-buying company could be the solution you’re looking for.
In Dothan, selling a home using a real estate agent typically takes around 133 days. That includes an average of 87 days on the market (from listing the property to a signed contract) and the typical 46 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 Alabama, 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.
“We Buy Houses” companies are especially popular among sellers who don’t have weeks or months to wait for their homes to go from “active” to “pending.” Here are some common scenarios where selling your Dothan home for cash might make sense:
- Job relocation: Do you need to move for work? Selling your house for cash can speed up the process, allowing you to focus on your new gig.
- Divorce settlement: Selling your house fast during a divorce can help liquidate assets and offer both individuals a smoother path to moving on.
- Inherited property: Selling an inherited property for cash can relieve you of the responsibilities associated with ownership, like property taxes and maintenance.
- Downsizing transition: If you’re downsizing in retirement, selling your house for cash can streamline the process and provide funds for your next chapter.
- Extensive repairs: Avoid the hassle of costly repairs by selling your house for cash in its current condition.
- Foreclosure solution: Selling a house in foreclosure for cash can help you avoid foreclosure and settle your debts with the lender.
Going the cash buyer route can be tempting, especially if you’re in a pinch. Before you jump in, it’s important to explore all of your options to ensure you’re making the best decision for your financial future.
Pros and cons of house-buying companies in Dothan
“We Buy Houses” companies promise a quick sale and the ease of selling “as-is” without the need for repairs. But the catch is their offers will likely be lower than market value, which could mean less money in your pocket.
Here’s a quick breakdown of the pros and cons to help you decide whether working with a cash-for-homes company is right for your situation.
Pros
- Speedy transactions: House-buying companies in Dothan offer fast closings, allowing you to sell your house quickly and move on with your life.
- As-is purchases: You can sell your house in its current condition, saving time and money on repairs and renovations.
- No contingencies: Unlike traditional sales, house-buying companies don’t require inspections or appraisal contingencies, streamlining the process.
- Convenient process: Selling your house to a cash buyer eliminates the hassle of professional staging, routine showings, and back-and-forth negotiations.
Cons
- Below-market-value offers: House-buying companies typically offer less than market value for your house, so you might not get the best price.
- Limited protection: Be cautious of scams when dealing with Alabama cash buyers. Conduct thorough research to ensure you’re working with a reputable company.
- Lack of negotiation: You have little to no room for negotiation with house-buying companies. It’s often a take-it-or-leave-it offer.
- Minimal market exposure: Selling to a cash buyer means your house won’t be listed on the open market, potentially reducing visibility and competition.
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 considering a cash offer from a “We Buy Houses” company in Dothan, it’s crucial to vet the buyer thoroughly. Your experience will depend on the integrity and service of the company, so read online reviews, check testimonials, and verify its track record.
Take time to understand the buying agreement before committing to ensure you’re comfortable with the terms and conditions. By doing your due diligence, you can protect yourself and your investment.
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 it to your cash offer.
HomeLight can connect you with a top-performing agent in Dothan, AL. You can also use our Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Dothan home quickly
Working with iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to provide near-instant cash offers for homes in better condition, typically closer to market value. Companies like Opendoor and Offerpad provide a quick sales process, usually within a few days to two weeks.
However, iBuyers often charge service fees of 5% to 6% and are best suited for sellers in markets with homogenous housing.
Listing with an agent
Listing with a top real estate agent can yield quick results in seller-friendly markets. Agents often provide comparative market analysis (CMA) reports for free, helping sellers determine an appropriate listing price.
An experienced agent can also leverage their network to connect you with a cash buyer willing to purchase your home for close to market value. If you’re interested in this route, HomeLight can put you in touch with a top-performing agent in Dothan.
FAQs on Dothan house-buying companies
By and large, most We Buy Houses for Cash companies in Dothan 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 solid 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 BBB website. Watch for anything that just doesn’t seem right.
Most Dothan “We Buy Houses” 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 Dothan split-level home could sell for $225,000 after repairs, but it’s going to need $30,000 of work to get there.
The computation may look like this:
($225,000 x .70) – $30,000 = $127,500
In this example, a Dothan “We Buy Houses” company might offer you around $127,500 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 they 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 Dothan We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On the one hand, it shouldn’t cost you any additional money because these firms make an offer and handle almost everything once the offer is accepted. On the other hand, 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.
- Research and vet the house-buying companies that serve your Dothan area. Our list above is a good place to start.
- Submit offer requests to a few 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 Dothan vs. top Dothan 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 Dothan | Sell with a top Realtor in Dothan |
| Selling timeline | 7 to 30 days | 133 days average; 87 to attract an offer, 46 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the 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 the 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% to 6% of the home’s sale price |
| 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 Dothan is currently worth about $250,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $275,000.
| Sell to a We Buy Houses for Cash company in Dothan | Sell with a top Realtor in Dothan | |
| Estimated sale price | ($275,000 x .70) – $25,000 = $167,500 | $250,000 |
| Market preparations | 0 | $2,500 (1% of sale price) |
| Agent commissions | 0 | $7,500 (3% of sale price) |
| Closing costs | 0 | $3,750 (1.5% of sale price) |
| Estimated take-home for seller | $132,500 | $236,250 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent.
However, net proceeds are not the only consideration when selling a home. What’s best for your situation will depend on the condition of your property, the level of repairs 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
- “We Buy Houses” companies offer a fast and hassle-free selling process without the need for repairs, open houses, or showings.
- It’s important to research each company thoroughly and understand your home’s market value before making a decision.
- With “We Buy Houses” companies, expect to sell for less than market value compared to what you might get with a top real estate agent or iBuyer.
- Try HomeLight’s Simple Sale platform for an easy, no-obligation cash offer on homes in any condition in Dothan. With a range of partner investors, it’s an ideal place to start if you’re unsure who might be interested in buying your home.
If you’re a homeowner in Dothan and looking for a speedy sale, working with house-buying companies can be a great option, but it’s crucial to think this decision through. Rushing into selling your home isn’t always the best move.
Shop around for various cash offers and thoroughly consider what’s on the table. Consulting a top Dothan agent could give you valuable insight into how quickly and for how much your home could sell on the open market. No matter what route you take, HomeLight is ready and able to support you on your home-selling journey.
Editor’s note: This post is for educational purposes only. Links to and mentions of Dothan area ‘We Buy Houses’ companies are not endorsements. Additionally, program details may change frequently. Visit the home-buying company’s website for the most up-to-date information on each individual program.
Header Image Source: (Ernest_Roy/Pixabay)
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.