We Buy Houses Falcon: 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 home in Falcon can feel overwhelming, especially if it needs repairs. That’s where We Buy Houses companies in Falcon step in, offering all-cash deals for homes in as-is condition. These companies are an excellent option for homeowners looking to skip the hassle of prepping their home for sale and get cash in hand quickly.
In this guide, we’ll break down the pros and cons of We Buy Houses companies, compare alternatives like real estate agents and iBuyers, and help you decide the best route for selling your Falcon home.
Sell Your House Fast in Falcon 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 Falcon area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Falcon
Selling your house to a We Buy Houses company in Falcon can be straightforward. They offer a fast and hassle-free way to get cash for your home. Here’s a quick look at how it works:
- Reach out to a company: Contact a house-buying company in Falcon by phone or online to share details about your home.
- Schedule a property evaluation: The company will arrange a visit to assess your home’s condition and gather information for their offer.
- Receive a cash offer: After the evaluation, you’ll get a no-obligation cash offer, typically based on your home’s condition and market factors.
- Review the offer: Take time to consider the offer and decide if selling to the company is the right choice for you.
- Sign the agreement: If you accept the offer, you’ll sign a purchase agreement to begin the sale process.
- Close the sale quickly: Complete the transaction, often within a week or two, and receive your cash proceeds.
Popular We Buy Houses for Cash companies in Falcon
If the process of selling to a house-buying company in Falcon 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’ Cape Cod & Colonial Revival. By selling to one of these companies, you should be able to sell your Falcon home in as little as a week or two.
Vets Buy Houses NC
Vets Buy Houses is a veteran-owned real estate solutions company based out of North Carolina that serves both North and South Carolina. It buys, sells, and rents out real estate, specializing in distressed properties that need work.
Locations: North and South Carolina
Closing costs: Seller pays no closing costs; Vets Buy Houses in NC will cover closing costs.
Vets Buy Houses NC has a Google rating of 5.0 stars
Website: vetsbuyhousesnc.com
Phone number: 919-410-7263
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Falcon (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 Falcon.
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 Falcon
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
WeBuyHouses.com was founded in 1997 and buys houses in 200 markets and 30 states in any condition. According to their website, they have been trusted by 1 million homeowners and can present a cash offer even if the homeowner is behind on their mortgage or facing foreclosure.
Locations: Nationwide, including North Carolina
Closing costs: Sellers pay no closing costs; WeBuyHouses.com covers them
WeBuyHouses.com has been BBB accredited since August 2020 and has an A+ rating.
Website: webuyhouses.com/NC
Phone number: 877-932-8946
HouseCashin
HouseCashin is a platform for off-market properties. It helps connect sellers who need to sell quickly with investors who want to purchase houses in any condition and use them as real estate investments. They typically buy houses within three to thirty days for cash and don’t charge commissions or closing costs.
Locations: Nationwide, with its main headquarters in Houston — purchasing throughout North Carolina
Closing costs: Sellers pay no closing costs; HouseCashin covers them.
HouseCashin is not BBB accredited. Customer reviews speak to its professionalism, honesty, and ability to meet deadlines and follow through.
Website: housecashin.com/nc
Why sell your Falcon house for cash?
There are plenty of valid reasons a Falcon home seller may choose to work with a Cash-For-Homes company. Speed, certainty, and remarkable convenience are among the primary reasons sellers choose this option.
In Falcon, it typically takes around 103 days to sell a home on the market using an agent. That includes an average of 59 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 Falcon, 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.
Below are common scenarios where selling for cash might be the right fit for you.
- Job relocation: If you’re moving for a new job, a cash sale can help you sell quickly and avoid managing the process from afar.
- Divorce: A divorce may leave you needing to sell fast, split proceeds, and move forward without delays.
- Inherited property: If you’ve inherited a house you don’t want to maintain, selling for cash simplifies the process.
- Downsizing: A cash sale can speed up your move to a retirement community or a smaller home.
- Major repairs needed: When costly repairs like a new roof or HVAC system are out of reach, selling as-is can be a relief.
- Avoiding open houses: If you’d rather not deal with prepping for open houses, a cash offer eliminates the need.
- Foundation issues: Selling for cash can help you move past foundation problems that scare off traditional buyers.
- Foreclosure risk: Avoid losing your home to foreclosure by selling for cash and resolving debts quickly.
- Tenant complications: A cash sale allows you to sell a property with tenants still in place.
- Selling from out of state: If you’re selling from out of state, a house-buying company can make the process seamless.
Pros and cons of house-buying companies in Falcon
Pros of working with a house-buying company
The biggest advantages of working with a house-buying company in Falcon are speed and simplicity. These companies buy homes in as-is condition, so you won’t need to spend time or money on repairs or showings. Here’s a summary of the key benefits:
- Sell quickly: House-buying companies often close in as little as a week, providing a fast solution if you’re on a tight timeline.
- Avoid repairs and cleaning: You can sell your home as-is without making updates, tackling major repairs, or even deep cleaning.
- No contingencies: Cash offers are not dependent on financing or contingencies, reducing the risk of a deal falling through.
- Simplified process: House-buying companies handle most of the paperwork and logistics, making the experience stress-free and straightforward.
Cons of working with a house-buying company
The most significant drawback is that you’ll likely receive below market value for your home compared to listing it with a real estate agent. While the convenience is appealing, here are other potential downsides to consider:
- Lower offer price: House-buying companies typically offer less than your home’s market value, which could leave you with significantly less money than a traditional sale.
- Potential for scams: While most companies are legitimate, some scams target desperate homeowners, so it’s important to research thoroughly.
- Loss of equity: If you’ve built up significant equity, selling for cash might not maximize your financial returns.
- Limited market competition: Selling to a single buyer means you miss out on multiple offers that might drive up the price in a traditional sale.
Next, we’ll guide you through the process of vetting cash buyers and helping you understand your home’s worth so you can make an informed decision.
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
The level of integrity and service you experience from a We Buy Houses for Cash company can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits. Your experience depends on the character of the person or group making the offer.
Before committing to a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
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 Falcon home quickly
If you’re looking for alternatives to house-buying companies, consider these two fast-selling options:
iBuyers
iBuyers like Opendoor and Offerpad provide a streamlined, mostly online process by leveraging automated valuation models. They offer all-cash deals, often closer to market value, for homes in good condition. Closing is quick—typically within days. However, service fees range from 5%-6%, and they’re best suited for homes in uniform markets. Learn how iBuyers work.
Listing with an agent
Working with a top real estate agent could result in a fast sale in the right market. A comparative market analysis (CMA), often free, helps set an attractive price. Plus, agents can sometimes connect you with buyers offering cash closer to market value. If you want to explore this option, HomeLight can connect you with a local expert.
FAQs on Falcon house-buying companies
By and large, most We Buy Houses for Cash companies in Falcon 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 Falcon 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 Falcon Colonial Revival could sell for $190,000 after repairs, but it will need $30,000 of work to get there.
($190,000 x .70) – $30,000 = $103,000
In this example, a Falcon We Buy Houses company might offer you around $103,000 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 Falcon 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 Falcon 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 Falcon vs. top Falcon 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 Falcon | Sell with a top Realtor in Falcon |
| Selling timeline | 7 to 30 days | 103 days average; 59 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 Falcon is worth about $190,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $215,000.
| Sell to a We Buy Houses for Cash company in Falcon | Sell with a top Realtor in Falcon | |
| Estimated sale price | ($215,000 x .70) – $25,000 = $125,500 | $190,000 |
| Market preparations | 0 | $1,900 (1% of sale price) |
| Agent commissions | 0 | $5,700 (3%) |
| Closing costs | 0 | $2,850 (1.5%) |
| Estimated take-home for seller | $125,500 | $179,550 |
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
- We Buy Houses for Cash companies in Falcon can make it possible to conveniently sell your home in as few as 3-7 days with no repairs, open houses, or showings.
- There are many established house-buying companies that serve Falcon, but it’s wise to vet the business and know your home’s value before you commit.
- Cash-For-Homes companies typically pay less than market value for houses versus using a top real estate agent or iBuyer.
- HomeLight’s Simple Sale platform provides no-obligation, all-cash offers for homes in almost any condition in Falcon. Because the platform has partner investors with different buying parameters across the region, it can be a great starting point if you aren’t sure who would buy your home.
House-buying companies can be a good alternative for Falcon sellers in need of a quick home sale, but it’s important to consider both the benefits and drawbacks. When it comes to selling your home, it’s wise to avoid making any hasty decisions.
Before making a commitment to a Cash-For-Homes company, gather multiple offers and take the time to weigh your options. Consider consulting with a top Falcon agent for expert insights on how soon — and for how much — your property might sell on the market. Whatever you decide, HomeLight would be happy to help with your real estate needs!
Header Image Source: (PTHamilton/DepositPhotos)
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