We Buy Houses Fayetteville, AR: 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 a Fayetteville homeowner looking for a quick sale, you might be thinking about working with a We Buy Houses company in Fayetteville, AR. These companies make cash offers, often for homes that need repairs, making it easier to sell without investing time or money in fixing things up.
A cash sale can be especially helpful if you’re going through a sudden change in circumstance, like a divorce, job relocation, or inheritance of a property you can’t keep.
In this post, we’ll discuss the pros and cons of selling to a We Buy Houses company, show you how the process works, and provide you with some alternatives so you can decide if it’s the right choice for your situation.
Sell Your House Fast in Fayetteville 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 Fayetteville.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Fayetteville area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Fayetteville
If you’re a Fayetteville homeowner looking to sell quickly, working with a house-buying company is extremely easy. Here’s a step-by-step look at what you can expect when selling your house to a cash buyer in Fayetteville:
1. Contact the company: Reach out to a house-buying company either online or by phone to provide basic details about your property.
2. Schedule a home visit: The company will arrange a time to visit your home to assess its condition and make an offer.
3. Receive an offer: After reviewing your home, you’ll receive a no-obligation cash offer, often within 24-48 hours.
4. Accept the offer: If the offer meets your needs, you can accept it and move forward with the sale.
5. Close the sale: Once you accept, the company handles most of the paperwork, and closing typically happens in as little as a week.
6. Get paid: On closing day, you’ll receive your payment, often via a direct bank transfer or certified funds.
Popular We Buy Houses for Cash companies in Fayetteville
If the process of selling to a house-buying company in Fayetteville 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’ ranch-style or craftsman-style home. By selling to one of these companies, you should be able to sell your Fayetteville home in as little as a week or two.
Little Rock Property Buyers
Little Rock Property Buyers offers a simple four-step process for selling your home. Once you provide your property information, the staff can make a cash offer within 24 hours. The sale can close as quickly as seven days, sometimes the same day, or on a timeline that works for you.
Locations: Little Rock, Central, and Northwest Arkansas
Closing costs: Sellers pay no closing costs. Little Rock Property Buyers covers them.
Little Rock Property Buyers maintains a 4.8-star rating on Google. Reviewers label the company as “tried and trusted” and praise the staff for their prompt, smooth service.
Website: propertybuyersar.com
Phone number: 501-381-7493
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Fayetteville (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 Fayetteville.
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 Fayetteville
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
365 Property Buyers
365 Property Buyers was founded in 2019. The company specializes in purchasing properties quickly for cash, regardless of the properties condition, without the need for repairs,
Locations: Arkansas, including Fayetteville
Closing costs: Sellers pay no closing costs; 365 Property Buyers covers them.
365 Property Buyers holds 5.0-star rating on Google.
Website: 365propertybuyers.com
Phone: 501-369-0365
We Buy Houses Arkansas
We Buy Houses is a national homebuying network with independent franchise offices in Arkansas. It buys single-family homes, condos, land, and other real estate types. On average, sellers can expect to close within 7-14 days.
Locations: Nationwide, including Arkansas
Closing costs: Sellers pay no closing costs. We Buy Houses covers them.
We Buy Houses has been BBB accredited since 2020 and holds an A+ rating.
Website: webuyhouses.com/AR
Phone number: 877-932-8946
NWA Cash
NWA Cash offers homeowners in Northwest Arkansas a quick, hassle-free solution for selling properties in any condition. With no agent fees, repairs, or cleaning required, they offer cash for homes and can close as quickly as sever days.
Locations: Northwest Arkansas, including Fayetteville
Closing costs: Sellers pay no closing costs. NWA Cash covers them.
NWA Cash holds a 5.0 average on Google and positive feedback for its professionalism, quick service, and helpfulness.
Website: nwacash.com
Phone number: 479-777-0005
Why sell your Fayetteville house for cash?
There are plenty of valid reasons a Fayetteville home seller may choose to work with a Cash-For-Homes company. The speed of the transaction, combined with the relative ease in comparison, are some of the biggest selling points.
In Fayetteville, it typically takes around 114 days to sell a home on the market using an agent. That includes an average of 71 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 Fayetteville, 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.
When time or circumstances call for a quick home sale, selling your Fayetteville house for cash could be a practical solution. Whether you’re facing financial pressure or personal challenges, a cash sale offers a straightforward way to sell and move forward without the hassle of repairs, showings, or negotiations.
- Job relocation: You’ve secured a new job and need to move fast without the delays of traditional home-selling methods.
- Divorce: Selling quickly may be the best option when going through a divorce to divide assets and simplify the process.
- Inherited property: You’ve inherited a home you don’t plan to keep, and you want a fast, hassle-free sale.
- Downsizing: If you’re moving into a smaller space or retirement community, selling for cash can help you wrap up the sale quickly.
- Major repairs: Your home needs significant repairs that you can’t afford or don’t have time to handle.
- Open houses: You want to skip the inconvenience and privacy invasion of hosting open houses or numerous showings.
- Foundation issues: You’re dealing with costly foundation problems, and selling for cash lets you avoid repair expenses.
- Foreclosure: You’re facing foreclosure and need a quick sale to avoid damaging your credit further.
- Problem tenants: If you own a rental property and are struggling with uncooperative tenants, a cash sale could free you from the situation.
- Selling from out of state: You own a property in Fayetteville but live elsewhere, making a cash sale the most convenient way to handle the process remotely.
Pros and cons of house-buying companies in Fayetteville
Selling to a house-buying company in Fayetteville comes with both advantages and disadvantages. It’s important to weigh these factors as you consider whether a quick cash sale is the right choice for your needs. Let’s explore the pros and cons to help guide your decision.
Selling to a house-buying company offers speed and convenience. They’ll buy your house as-is, meaning no repairs or prep work are required. If you need to sell fast or don’t want to invest in fixing up your property, this can be a huge benefit.
- Quick closing: House-buying companies can close deals in as little as a week, making them an ideal option if you need fast cash.
- Buy as-is: You can sell your home as-is, even if it needs major repairs, without spending money or time on fixing it up.
- No showings or open houses: Skip the inconvenience of staging, showings, and open houses, making the process much easier and less stressful.
- Fewer contingencies: These companies typically purchase without the usual contingencies, meaning the sale is more straightforward and less likely to fall through.
While house-buying companies provide a hassle-free sale, the biggest downside is that they will likely offer less than market value for your home. When selling to one of these companies, expect to receive below market value, especially compared to listing with an agent.
- Lower sale price: Expect to receive significantly less than you would by selling on the open market, as these companies offer less than market value.
- Scams and lowball offers: Be cautious of scams or unscrupulous buyers who make offers far below what your home is worth.
- No negotiation: Most house-buying companies present take-it-or-leave-it offers, leaving no room for price negotiation.
- Limited buyer pool: Selling to a house-buying company may limit the competition that could drive up the sale price if you sold traditionally.
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 home to a house-buying company in Arkansas, the level of integrity and service you experience can vary. Here are some key steps to vet cash buyers and ensure you get a fair deal:
- Check reviews: Look at online reviews to see what past sellers have to say about their experience with the company.
- Read testimonials: Testimonials can give you a sense of how trustworthy the buyer is and what to expect in terms of service.
- Research market presence: Find out how long the company has been in business and how many homes they’ve purchased to gauge their reliability.
- Review the buying agreement: Carefully read the contract before signing to ensure you understand all terms and conditions of the sale.
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 Fayetteville home quickly
iBuyers
iBuyers
iBuyers, like Opendoor and Offerpad, use automated valuation models to provide near-instant all-cash offers. The iBuyer process is fast—typically closing within days—and works best for homes in good condition. However, iBuyers often charge service fees of 5%-6%.
Listing with an agent
If your home is in a hot market, listing with a top agent can lead to a fast sale and potentially a higher price. A comparative market analysis, often free, helps you price it strategically. If you want to explore this option, HomeLight can connect you with a top agent.
FAQs on Fayetteville house-buying companies
By and large, most We Buy Houses for Cash companies in Fayetteville 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 Fayetteville 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 Fayetteville craftsman-style home could sell for $375,000 after repairs, but it will need $30,000 of work to get there.
($375,000 x .70) – $30,000 = $232,500
In this example, a Fayetteville We Buy Houses company might offer you around $232,500 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 Fayetteville 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.
1. Research and vet the house-buying companies that serve your Fayetteville area. Our list above is a good place to start.
2. Submit offer requests to a few of the companies you like best.
3. Schedule any required on-site property visits.
4. Compare offers. Weigh the pros and cons and choose the best option for you.
5. 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 Fayetteville vs. top Fayetteville 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 Fayetteville | Sell with a top Realtor in Fayetteville |
| Selling timeline | 7 to 30 days | 114 days average; 71 to attract an offer, 43 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 | 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 Fayetteville is worth about $450,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $475,000.
| Sell to a We Buy Houses for Cash company in Fayetteville | Sell with a top Realtor in Fayetteville | |
| Estimated sale price | ($475,000 x .70) – $25,000 = $307,500 | $450,000 |
| Market preparations | 0 | $4,500 (1% of sale price) |
| Agent commissions | 0 | $26,100 (5.8% of sale price) |
| Closing costs | 0 | $6,750 (1.5%) |
| Estimated take-home for seller | $307,500 | $412,650 |
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
- Cash sales offer speed: Selling to a house-buying company allows you to close quickly, often in as little as a week.
- Sell as-is: You won’t need to make repairs or stage your home before selling.
- Lower offer prices: Cash offers from these companies typically come in below market value.
- No showings required: Avoid the hassle of open houses and constant showings with a direct cash sale.
- 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 Fayetteville agent.
Header Image Source: (PantherMediaSeller/ Depositphotos)
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