We Buy Houses Eastpointe: 5 Top Companies
- Published on
- 14 min read
-
Joseph Gordon EditorClose
Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
Need to sell your home quickly in Eastpointe, Michigan? A reputable We Buy Houses company could be the solution you’re seeking. These companies provide cash offers for properties, especially those requiring repairs you may not have the time or resources to handle.
Whether facing time constraints or unexpected life changes, a top We Buy Houses company can offer a straightforward path to selling your home and accessing funds for your next chapter. As you consider this option, it’s essential to consider the pros and cons. This post will guide you on what to know when working with house-buying companies in Eastpointe, helping you decide if a cash offer fits your home-selling goals.
Sell Your House Fast in Eastpointe 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 Eastpointe.
Disclaimer: This post is meant for educational purposes only and does not constitute legal or financial advice. Links and mentions of Eastpointe area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Eastpointe
If you’re a homeowner in Eastpointe looking to sell quickly, working with a house-buying company can streamline the process. Here’s how you can move from a home with memories to monetary freedom in just a few steps.
- Contact the company: Research different We Buy Houses companies in Eastpointe before reaching out. Once you’ve selected one, contact them. You’ll typically fill out a form on their website or give them a call to provide details about your property.
- Schedule a visit: The company will arrange a time to view your home. This visit is to assess the property’s condition and determine an offer. Unlike traditional sales, this assessment focuses on value rather than cosmetic appeal.
- Receive an offer: Within a day or two, and sometimes even on the spot, the company will present you with a cash offer. This offer reflects the home’s as-is value, factoring in necessary repairs and the company’s investment risk.
- Review the offer: Take your time to consider the offer. While negotiations aren’t a part of the process, you’re not obligated to accept the offer. Evaluate if the quick cash solution aligns with your financial and timeline needs.
- Accept and close: If the offer meets your expectations, you’ll proceed to the closing phase. The company will handle most of the paperwork, and you typically can expect to close within a week or two.
- Receive your cash: After closing, you’ll receive cash for your Eastpointe home, allowing you to move on with your life plans without the burden of a traditional home-selling process.
Popular We Buy Houses for Cash companies in Eastpointe
If selling to a house-buying company in Eastpointe sounds good, it’s time to find a legitimate business you can trust.
We’ve compiled some top companies that will pay cash for your mid-century modern home or your parents’ ranch-style home. By working with one of these companies, you can sell your Eastpointe home in as little as a week or two.
Wise Property Buyers
Wise Property Buyers is a dedicated real estate company in Metro Detroit that specializes in buying homes for cash, helping homeowners sidestep the stress of traditional selling. Co-founders TJ Brisbois and Joe DeMaggio combine their unique skills to ensure a swift and hassle-free experience for clients. Their simple, four-step process makes selling your home quick and easy: first, fill out a brief form; next, the team will contact you to assess the property; then, you’ll receive a fair cash offer; finally, you can close and receive cash in hand in as little as seven days. With a commitment to purchasing homes in any condition — whether distressed, vacant, or facing issues like mold or damage — Wise Property Buyers offers a reliable alternative for those looking to sell quickly. Clients appreciate the transparent service and the peace of mind that comes with a fast, straightforward transaction, often completing closings in 30 days or less.
Locations: Throughout Michigan, including Eastpointe
Closing costs: Sellers pay no closing costs; Wise Property Buyers covers them.
Wise Property Buyers has been accredited with BBB since 2023, and has an A+ rating. They hold a Google review rating of 4.9 stars, and recent reviews highlight a property buying company that excels in providing fast and efficient service. Clients commend the team for their professionalism, knowledge of the real estate market, and effective communication throughout the process. Many reviewers appreciated how the team handled challenges, alleviating stress and ensuring a smooth transaction. Customers felt valued, as their needs were prioritized, and they experienced personalized service tailored to their schedules. Overall, the company is highly recommended for those needing to sell their homes quickly and effortlessly. based. Wise Property Buyers is praised for its proactive approach, offering solutions, and being a reliable partner in real estate dealings.
Website: wisebuysdetroit.com
Phone number: 313-513-8824
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Eastpointe 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, and 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 locations throughout Eastpointe.
With Simple Sale, you can get a no-obligation, all-cash offer in as little as 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 Eastpointe, Michigan
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 BBB-accredited with an A+ rating. The company has 4.8 stars on Google based on more than 500 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
Chris Buys Homes in Detroit
Chris Buys Homes in Detroit is a locally owned and operated real estate company dedicated to providing homeowners with a hassle-free way to sell their properties for cash. By using their extensive knowledge of the Metro Detroit area and eliminating third-party involvement, they offer a quick and transparent cash buying process with no fees, commissions, or repairs required — homeowners don’t even need to clean before selling. Interested sellers can easily initiate the process by submitting their property information or calling the team directly. Within minutes, they can receive a cash offer based on a thorough assessment of their property’s condition and comparable sales in the area. Chris Buys Homes prioritizes flexibility, allowing clients to choose their closing date and ensuring a supportive experience throughout the transaction. Committed to empathy, integrity, and outstanding customer service, they strive to deliver fair offers and make the selling process as smooth and convenient as possible for every homeowner in the Detroit area.
Locations: Throughout Metro Detroit, including Eastpointe
Closing costs: Sellers pay no closing costs; Chris Buys Homes in Detroit covers them.
Chris Buys Houses in Detroit has been BBB accredited since 2022 and holds an A+ rating. The company has a 4.9-star rating on Google, and recent reviews highlight a property buying team that provides an exceptional selling experience, characterized by professionalism and efficiency. Many clients praised the smooth and hassle-free process, with transactions often closing within 30 days and funds transferred shortly after. The team is noted for their excellent customer service, transparency, and ability to handle properties in various conditions, making competitive cash offers. Overall, the team is highly recommended for anyone looking to sell their home quickly and easily. Customer reviews commend the simple and easy process, as well as the timely payments and follow-up calls to ensure satisfaction.
Website: chrisbuyshomesdetroit.com
Phone number: 313-217-9851
Forged Homes
Forged Homes is focused on providing homeowners with a seamless and stress-free way to sell their properties for cash. They stand out by offering a transparent process that requires no repairs, fees, or commissions, allowing sellers to walk away with more cash in their pockets. Homeowners have the flexibility to choose their closing date, and the entire transaction occurs without the need for appraisals, inspections, or financing contingencies — selling as-is is their specialty. Forged Homes prioritizes the needs of their clients, ensuring personalized support and guidance throughout the process. Whether facing challenges like inherited properties, repairs, or foreclosure, Forged Homes is committed to delivering fair and competitive cash offers, making it easier for clients to overcome hardships and move forward with their lives.
Locations: Michigan, including Eastpointe, and Ohio
Closing costs: Sellers pay no closing costs; Forged Homes covers them.
Forged Homes has a 4.8-star rating on Google reviews, and reviews highlight the company’s commitment to customer care, with many clients praising the professionalism and responsiveness of the team throughout the selling process. Clients expressed relief at the ease and speed of transactions, noting fair offers and a seamless experience. Despite one negative review questioning safety practices, the overall sentiment underscores the firm’s integrity and supportive approach, making it a preferred choice for those looking to sell their homes quickly and with minimal hassle. Forged Homes is accredited with the BBB and has an A+ rating.
Website: forged-homes.com
Phone number: 313-552-8608
Blue Moon Acquisitions
Blue Moon Acquisitions is a locally-owned cash home-buying company based in Michigan, specializing in purchasing houses in any condition without the hassles of traditional real estate processes. The company is committed to simplifying the home-selling experience, allowing homeowners to sell their properties quickly for cash while avoiding costly repairs, commissions, and fees. With a focus on transparency and customer service, Blue Moon Acquisitions offers competitive cash offers and works directly with sellers to accommodate their individual needs. Whether facing foreclosure, managing an inherited property, or simply seeking a fast and efficient sale, Blue Moon Acquisitions aims to provide a stress-free solution tailored to each homeowner’s circumstances. Their process involves filling out a short form, setting up an appointment, receiving a written offer, and closing with a reputable title company within a short timeframe.
Locations: Throughout Michigan, including Eastpointe
Closing costs: Sellers pay no closing costs; Blue Moon Acquisitions covers them.
Blue Moon Acquisitions is a BBB-accredited company with an A+ rating. The company has a 4.6-star rating on Google reviews, and customers highlight a company that is highly recommended for its professionalism and customer-centric approach throughout the selling process. Clients praised the team for their clear communication, kindness, and nonjudgmental attitude, which made for a stress-free experience. Many reported receiving fair offers for their homes, with quick closing times, often within a week or two. The company was recognized for its ability to handle various property issues, such as code violations and title problems, with efficiency and care. Overall, customers expressed their satisfaction and appreciation, consistently rating the company five stars for its seamless and supportive service.
Website: sellsoonbluemoon.com
Phone number: 586-209-3290
Why sell your Eastpointe house for cash?
A homeowner in Eastpointe may choose to partner with a cash-for-homes company for several compelling reasons. The standout benefits include rapid transactions, guaranteed outcomes, and exceptional convenience, making the selling process seamless and efficient.
In Eastpointe, selling a home on the market typically takes about 75 days using an agent. That includes an average of 31 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 Eastpointe, 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.
There are several scenarios in which selling your home to a top We Buy Houses for Cash company in Eastpointe could be the right move for you:
- Quick relocation: For those facing job transfers and needing to move on short notice.
- Divorce proceedings: A cash sale offers a simple solution during divorces.
- Financial emergencies: Selling for cash can be a lifeline during financial strain.
- Avoiding foreclosure: A quick cash sale can help you avoid foreclosure.
- Inheritance: Selling an inherited property for cash can simplify estate settlements.
- Home disrepair: A cash sale can be practical if your home requires significant repairs.
- Landlord issues: Ideal for landlords looking to offload rental properties quickly.
If you’re dealing with any of these situations, a house-buying company in Eastpointe could offer the quick and efficient sale you require. It’s a route that promises speed and convenience, but it’s not without its trade-offs.
As we move forward, we’ll explore the pros and cons to give you a comprehensive picture of what to expect and help you decide if selling your Eastpointe home for cash aligns with your goals.
Pros and cons of house-buying companies in Eastpointe
Considering the pros and cons of selling your Eastpointe home to a house-buying company is essential to making an informed decision.
The most significant advantages of working with a house-buying company in Eastpointe are the speed of sale and the ability to avoid costly repairs. Here are the key benefits:
- Quick sale: Companies often close within days, meaning you get your money faster.
- No repairs needed: Sell your home as-is, without investing in costly repairs or upgrades.
- Simplicity: The process is straightforward, with less paperwork and no need for real estate agents.
- Certainty: Avoid the uncertainty of buyer financing falling through at the last minute.
Conversely, while convenience is a clear upside, the financial aspect can’t be overlooked. Here are some cons to ponder:
- Lower offers: Expect offers below market value as companies factor in repair costs and their profit margin.
- Less profit: Selling on the open market might yield a higher sale price, especially in a seller’s market.
- Limited negotiation: Offers are usually final, providing little to no room to negotiate better terms.
- Potential for scams: It’s crucial to research and verify the legitimacy of the house-buying company to avoid fraud.
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 quick sale of your Eastpointe home, it’s important to remember that experiences with We Buy Houses for Cash companies can vary significantly. The integrity and service level offered depend on the professionalism and ethics of the individual or group behind the offer. Before you commit, it’s important to do your due diligence.
Thoroughly vet the cash buyer. Check online reviews, sift through testimonials, and scrutinize their market presence and track record in Eastpointe. This homework is your safeguard against a less-than-favorable experience. And when you do receive a cash offer, read the buying agreement meticulously. Understand every term and condition before you sign your house away; your peace of mind is worth that extra attention.
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 for an initial estimate in less than two minutes.
Other options to sell your Eastpointe home quickly
If using a We Buy Houses for Cash company isn’t for you, there are alternatives.
iBuyers
iBuyers use automated valuation models (AVMs) to offer fast, mostly online home sale experiences. They provide all-cash offers close to market value for homes in good condition, with the entire process ranging from days to two weeks. However, companies like Opendoor and Offerpad charge service fees of about 5% to 6%.
Listing with an agent
Despite the quick-sale focus of cash-for-homes, considering a top real estate agent could be beneficial, especially in a seller-friendly market. Agents often achieve higher selling prices and provide valuable insights through a comparative market analysis (CMAs), helping set a competitive listing price. This service is often free. They may also connect you with cash buyers offering closer to market value.
FAQs on Eastpointe house-buying companies
Most We Buy Houses for Cash companies in Eastpointe are legitimate businesses. Their services and transaction fees may differ, but the business model has existed for decades. If you use an established group with a track record, you can be fairly confident that it’s legitimate.
That said, as with any financial transaction, it’s a good idea to be 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.
Most Eastpointe We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV) 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 look at an example offer equation. Let’s say your Eastpointe ranch-style home could sell for $162,500 after repairs, but it will need $30,000 of work to get there.
($162,500 x .70) – $30,000 = $83,750
In this example, an Eastpointe We Buy Houses company might offer you about $83,750 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.
Accepting an offer from a We Buy Houses for Cash company in Eastpointe can feel like a double-edged sword. On one hand, you won’t incur additional costs since these companies manage nearly every aspect of the sale once your offer is accepted. On the other hand, you may receive a lower overall price for your home compared to traditional sales methods.
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, it’s always a good idea to ask the company if any hidden program fees might affect your bottom line.
- Research and vet the house-buying companies that serve your Eastpointe 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. Consider 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 Eastpointe vs. a top Eastpointe 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 closer look at various aspects of the sale and compare the potential proceeds you could expect.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Eastpointe | Sell with a top Realtor® in Eastpointe |
| Selling timeline | 7 to 30 days | 75 days average; 31 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 | 3% to 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 Eastpointe is currently worth about $167,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth about $192,000.
| Sell to a We Buy Houses for Cash company in Eastpointe | Sell with a top Realtor in Eastpointe | |
| Estimated sale price | ($192,000 x .70) – $25,000 =
$109,400 |
$167,000 |
| Market preparations | 0 | $1,670 (1% of sale price) |
| Agent commissions | 0 | $5,010 (3% of sale price) |
| Closing costs | 0 | $2,505 (1.5%) |
| Estimated take-home for seller | $109,400 | $157,815 |
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 challenging in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Quick sale: Selling your Eastpointe home to a We Buy Houses for Cash company can result in a fast transaction.
- No repairs needed: You can sell your house as-is without additional investment in repairs or improvements.
- Cash offers: These companies provide all-cash offers, which can be ideal if you’re facing urgent financial needs.
- Market value considerations: These offers are often below market value, so you might receive less for your home than in the traditional market.
- Thorough vetting: Always research and vet any cash buyer or house-buying company to ensure a reputable and fair transaction.
- Understand alternatives: Consider other selling options, such as iBuyers or working with a real estate agent, which may offer a balance between speed and sale price.
- 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 Eastpointe agent.
Header Image Source: (KSponsler / DepositPhotos)
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.