We Buy Houses Elizabethtown, KY: 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.
If you’re looking for a fast way to sell your home in Elizabethtown, a We Buy Houses company might be the right solution. These companies specialize in making all-cash offers, even for homes that need repairs. That means you can avoid the stress and costs of preparing your property for the open market.
Selling your home for cash can be ideal if you’re facing an unexpected situation or don’t have the time, money, or skills to handle renovations.
In this post, we’ll cover the pros and cons of working with house-buying companies in Elizabethtown, helping you decide whether this option works best for you. Additionally, we will explain how the process works and provide you with some companies to consider using in your area.
Sell Your House Fast in Elizabethtown 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 Elizabethtown.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Elizabethtown area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Elizabethtown
Working with a house-buying company in Elizabethtown is designed to be a simple and straightforward process. Here’s a step-by-step look at how it works:
- Contact the company: Reach out to a house-buying company in Elizabethtown to express interest in selling your home.
- Provide property details: Share basic information about your house, including its condition and any repairs it might need.
- Schedule an evaluation: The company will send a representative to inspect your home in person or review photos of the property.
- Receive a cash offer: After evaluating your home, the company will present a no-obligation cash offer, typically within 24 to 48 hours.
- Review the contract: If you accept the offer, you’ll receive a contract outlining the terms of the sale.
- Close the sale: After signing the contract, you’ll close the sale and receive your cash, often within a week or two.a
Popular We Buy Houses for Cash companies in Elizabethtown
If the process of selling to a house-buying company in Elizabethtown 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’ Bungalow or Cape Cod. By selling to one of these companies, you should be able to sell your Elizabethtown home in as little as a week or two.
Sidewalk Property Solutions
Sidewalk Property Solutions pays cash for homes in Elizabethtown and other areas in Kentucky. The company can provide a no-obligation cash offer once the prospective seller submits information about their home on the company’s website.
Locations: Elizabethtown and surrounding areas
Closing costs: Sidewalk Property Solutions will typically pay for closing costs
Sidewalk Property Solutions has a Google rating of 5.0.
Website: sidewalkpropertysolutions.com
Phone number: 859-800-6686
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Elizabethtown (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 Elizabethtown.
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 Elizabethtown
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 in Kentucky
We Buy Houses in Kentucky will purchase homes for cash regardless of the condition and can assist homeowners in a variety of situations, such as dealing with bad tenants, pending foreclosure, relocation, or other issues. The sale can be completed in a matter of days.
Locations: Statewide
Closing costs: Seller pays no closing costs; We Buy Houses in Kentucky will cover them.
We Buy Houses in Kentucky has been BBB accredited since 2021 and holds an A+ rating. We Buy Houses in Kentucky has a Google rating of 5.0.
Website: buyhousesinkentucky.com
Phone number: 502-383-1484
Cash Offer Kentucky
Cash Offer Kentucky will purchase property from homeowners in any condition and can help homeowners facing challenges like foreclosure or probate situations. The company can also assist with moving expenses or handling difficult tenants.
Locations: Elizabethtown and surrounding areas
Closing costs: Seller pays no closing costs; Cash Offer Kentucky will cover them.
Cash Offer Kentucky has been BBB accredited since 2021. Cash Offer Kentucky has a Google rating of 5.0.
Website: cashofferky.com
Phone number: 502-706-6876
Sisters Who Buy Houses
Sisters Who Buy Houses is based in Louisville. The company will purchase homes in a variety of conditions based on the location, state of the property, and other factors. The home is purchased “as-is,” and the company will work with you on a closing date that works for you.
Locations: Elizabethtown and surrounding areas
Closing costs: Sisters Who Buy Houses often pay for closing costs
Sisters Who Buy Houses has been BBB accredited since 2015 and holds an A+ rating. Sisters Who Buy Houses has a Google rating of 4.3.
Website: sisterswhobuyhouses.com
Phone number: 502-273-0000
Why sell your Elizabethtown house for cash?
Why would an Elizabethtown homeowner sell their property for cash? The speed of the transaction, combined with the overall certainty of the sale and relative ease, are often the biggest factors homeowners consider when selling their home for cash.
In Elizabethtown, it typically takes around 57 days to sell a home on the market using an agent. That includes an average of 14 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 Elizabethtown, 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 of the most common situations where selling for cash makes sense:
- Job relocation: You’re moving for a new job and need to sell your house quickly to avoid juggling two mortgages.
- Divorce: You and your spouse are going through a divorce and want to sell the house fast to finalize the separation.
- Inherited property: You’ve inherited a house you don’t need and want a quick sale without managing a lengthy listing process.
- Downsizing: You’re downsizing and prefer a fast sale to streamline your move into a smaller home or retirement community.
- Extensive repairs: The house requires costly repairs and you don’t have the time, money, or interest to take them on before selling.
- Avoiding open houses: You don’t want to deal with the hassle of hosting open houses or endless showings.
- Foundation issues: Your home has foundation problems that are difficult to fix or could scare off traditional buyers.
- Foreclosure risk: You’re behind on mortgage payments and want to avoid foreclosure by selling quickly.
- Problem tenants: You’re dealing with challenging tenants in a rental property and need a fast, hassle-free sale.
- Selling from out of state: You’re trying to sell your house remotely and need a quick solution.
Pros and cons of house-buying companies in Elizabethtown
When deciding whether to sell your house to a house-buying company in Elizabethtown, it’s essential to weigh the pros and cons. A cash sale offers speed and simplicity, but you might also face trade-offs in terms of price and flexibility.
Pros of working with house-buying companies
One of the biggest advantages of working with a house-buying company is the speed of the sale. These companies can close fast, typically within a week or two. Additionally, they’ll purchase your house as-is, meaning you won’t need to make repairs or do any prep work.
- Fast closing: You can often close the sale in as little as a week, allowing you to move forward quickly.
- No repairs needed: These companies will buy your home as-is, no matter the condition, so you don’t need to worry about fixing anything.
- Simple process: With no contingencies, showings, or open houses, the process is straightforward and stress-free.
- Avoid agent fees: You won’t have to pay real estate agent commissions, which typically range from 5-6% of the sale price.
Cons of working with house-buying companies
The biggest downside to selling your Elizabethtown home to a house-buying company is the likely lower sale price. These companies typically offer below market value to make a profit, which means you’ll receive less than you would from a traditional sale.
- Lower sale price: Expect to receive below market value for your home compared to what you might get with a traditional listing.
- Limited negotiation: Most cash offers are “take it or leave it,” so you’ll have little room to negotiate for a higher price.
- Potential scams: Not all companies are reputable, and there’s a risk of falling for home-buying scams. Research is essential.
- Miss out on market gains: If the market is strong, you might miss out on getting top dollar for your home.
Considering both the pros and cons will help you determine whether working with a house-buying company aligns with your goals. Up next, we’ll cover how to vet cash buyers and know your home’s worth before accepting any offer.
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 selling your house for cash in Kentucky, the level of integrity and service you experience will vary depending on the company. Here are key steps to take before accepting any offer:
- Research the company: Look for online reviews, read testimonials, and check the company’s track record to ensure you’re dealing with a reputable buyer.
- Check for local presence: Make sure the company has an established presence and good reputation in your area.
- Understand the offer: Carefully review the cash offer and ensure you fully understand the terms before agreeing to anything.
- Read the contract: Before signing, read the buying agreement carefully to ensure it aligns with what was discussed and agreed upon.
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 Elizabethtown home quickly
iBuyers
iBuyers, like Opendoor and Offerpad, use automated valuation models to generate near-instant offers for homes in good condition. The iBuyer process is mostly online, with closings in a few days to two weeks. While iBuyers offer convenience and cash, they charge service fees of 5%-6%.
Listing with an agent
Even when speed is your priority, a top agent may help you sell fast, especially in a hot market. Listing with an agent often results in the highest price. A trusted agent will also provide a comparative market analysis (CMA), which is often free. HomeLight can connect you with a top-performing agent if you’d like to explore this option.
FAQs on Elizabethtown house-buying companies
By and large, most We Buy Houses for Cash companies in Elizabethtown 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 Elizabethtown 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 Elizabethtown Cape Cod could sell for $350,000 after repairs, but it will need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $215,000
In this example, a Elizabethtown We Buy Houses company might offer you around $215,000 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 Elizabethtown 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 Elizabethtown 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 Elizabethtown vs. top Elizabethtown 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 Elizabethtown | Sell with a top Realtor in Elizabethtown |
| Selling timeline | 7 to 30 days | 57 days average; 14 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 Elizabethtown is worth about $350,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $375,000.
| Sell to a We Buy Houses for Cash company in Elizabethtown | Sell with a top Realtor in Elizabethtown | |
| Estimated sale price | ($375,000 x .70) – $25,000 = $237,500 | $350,000 |
| Market preparations | 0 | $3,500 (1% of sale price) |
| Agent commissions | 0 | $10,500 (3% of sale price) |
| Closing costs | 0 | $5,250 (1.5%) |
| Estimated take-home for seller | $237,500 | $330,750 |
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: Cash-for-homes companies can close in as little as a week, providing you with quick cash.
- No repairs needed: These companies buy houses as-is, so you won’t need to spend time or money on repairs.
- Lower sale price: Expect to receive an offer below market value, as these companies aim to resell for a profit.
- Limited negotiation: Most offers are take-it-or-leave-it, with little room for price negotiation.
- 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 managing 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 Elizabethtown agent.
Header Image Source: (alexeys / Depositphotos)
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