We Buy Houses Fayetteville, NC: 5 Top Companies
- Published on
- 15 min read
- Kelsey Morrison Former HomeLight EditorCloseKelsey Morrison Former HomeLight Editor
Kelsey 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.
If you’re considering selling your home in Fayetteville, NC, but lack the time or funds to make necessary repairs, a “We Buy Houses” company could help you cash out on your investment and move on.
No matter the situation or condition, these companies will buy your house for cash. They can be a real lifesaver for homeowners struggling with foreclosure or sudden job loss. Deals can close in a few days or weeks, and many “We Buy Houses” companies will even pay your closing costs. However, in exchange for speed and convenience, they typically pay less than what your home could fetch on the open market when selling with a real estate agent.
In this article, we’ll weigh the pros and cons of selling your Fayetteville, NC, home for cash. We’ll also highlight some of the most reputable “We Buy Houses” companies serving the local market and share alternative home-selling methods to help you make an informed decision that suits your needs.
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 “We Buy Houses” companies in Fayetteville, NC
Selling a home can feel especially daunting when you’re on a short timeline. Working with a house-buying company allows you to sell quickly with minimal hassle. Here’s a quick overview of how the process typically works:
1. Research companies: Start by identifying reputable house-buying companies in Fayetteville, NC. Look for groups with positive online reviews and a strong local presence.
2. Submit information: Reach out to your chosen company and provide details about your property. This typically involves filling out a form on their website or making a phone call.
3. Receive an offer: The company will likely conduct a brief in-person assessment of your property and present you with an all-cash offer, often within a few days.
4. Accept the offer: If the offer meets your expectations, you can accept it. Remember, these companies usually present a take-it-or-leave-it deal, with little room for negotiation.
5. Close the sale: Closing often happens fast with house-buying companies. You could close and receive your cash in as little as a week, compared to months with the traditional selling process.
Popular “We Buy Houses” companies in Fayetteville, NC
If you’re interested in selling to a Fayetteville, NC “We Buy Houses Company,” the first step is to find a buyer you can trust.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ Colonial Revival or Craftsman-style house. By selling to one of these companies, you should be able to sell your Fayetteville, NC home in as little as a week or two.
Green Street Home Buyers
Green Street Home Buyers is a family-owned real estate investment company based in Durham. Serving all of North Carolina, they purchase properties in as-is condition directly from homeowners and landlords. They can extend a fair, no-obligation cash offer within 24 hours of first contact, and sellers aren’t required to do any clean-up or repairs. Deals can close in as few as seven day, and the seller isn’t on the hook for any closing costs.
Locations: Fayetteville, Raleigh, Durham, Burlington, Greensboro, High Point, Rocky Mount, Charlotte, Concord, and Gastonia, NC
Closing costs: Green Street Home Buyers pays the seller’s closing costs.
Green Street Home Buyers has been accredited by the Better Business Bureau (BBB) since 2022 and holds an A+ rating. They also have a 4.7-star rating on Google based on over 100 reviews. Clients appreciate the company’s transparency, clear communication, and commitment to promises. “Wes was a pleasure to talk with about the purchase of our property,” reads a recent review. “He understood the importance of trying to reach a ‘win-win’ for both parties. Courteous, respectful, and excellent follow-up.”
Website: greenstreethomebuyers.com/we-buy-houses-fayetteville-nc/
Phone number: 919-926-1791
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Fayetteville, NC (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. 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, NC.
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, NC
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 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
BiggerEquity
BiggerEquity is a nationwide house-buying company that began operations in 2016. They buy property across North Carolina, regardless of condition. After answering a few questions on their website or giving them a call, BiggerEquity can give you a no-obligation cash offer within 48 hours. They can close home sales in as few as seven days, and provide additional services like credit counseling and legal assistance.
Locations: Nationwide, including Fayetteville, NC
Closing costs: Sellers pay no closing costs; BiggerEquity covers them.
BiggerEquity has been BBB-accredited since 2018 and boasts an A+ rating. The company has also earned 4.8 stars on Google. Customer reviews speak to a smooth, transparent, and up-front process without pressure or surprises. “Rami was completely transparent and honest through the whole process,” wrote a former seller. “The entire team at Bigger Equity was easily accessible and welcomed any and all questions.”
Website: biggerequity.com/north-carolina/fayetteville/
Phone number: 866-333-8377
Victory Home Buyers
Victory Home Buyers is another nationwide home-buying company that purchases homes in any condition throughout the state of North Carolina and beyond. It has been in business for over 30 years and is headquartered in Austin, Texas. Victory Home Buyers can provide homeowners with a guaranteed cash offer within 24 hours and close in as little as seven days. You can also choose a closing date that best fits your schedule.
Locations: Nationwide, including Fayetteville, NC
Closing costs: Sellers pay no closing costs; Victory Home Buyers covers them.
Victory Home Buyers is not BBB-accredited; however, the company’s website mentions positive customer experiences, highlighting a smooth process, fair market value offers, and a quick closing experience. They have a 5-star rating on Google based on a very limited number of reviews.
Website: victoryhomebuyers.com/locations/fayetteville-nc/
Phone number: 844-651-0190
NC Cash Home Buyers
Founded by native North Carolinian Alex Locklear, NC Cash Home Buyers is a family-owned company based in Cary. They provide fair, all-cash offers on burdensome houses and land. To get started, fill out the form on their website or give them a call to schedule a time for them to view the house — it only takes about 15 minutes! They can close in as few as seven days and pay all closing costs on the sellers’ behalf.
Locations: Statewide, including Fayetteville, NC
Closing costs: Sellers pay no closing costs; NC Cash Home Buyers covers them.
NC Cash Home Buyers has earned 4.7 stars on Google. They claim to be BBB-accredited, but we could not find evidence of that. Previous clients praise the company for its professionalism, diligence, and clear communication throughout the selling process. “I had an excellent experience working with NC Cash Home Buyers,” reads a recent review. They were able to close quickly, and the process was exactly as they said it would be.”
Website: nccashhomebuyers.com
Phone number: 919-283-5585
Why sell your Fayetteville, NC house for cash?
When you’re in a time crunch, selling your Fayetteville, NC home for cash offers a quick and clear solution. These house-buying companies are a viable option for homeowners who want to bypass the traditional real estate market’s complexities, with its showings, open houses, and drawn-out processes.
In Fayetteville, NC, it typically takes around 82 days to sell a home on the market using an agent. That includes an average of 40 days on the market, plus the typical 42 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 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.
Here are some common situations where choosing a cash-for-homes company in Fayetteville, NC could be your best bet:
- Job relocation: Moving quickly for a new job opportunity can necessitate a fast home sale, making cash offers appealing.
- Divorce: Selling your home for cash can simplify dividing assets during a divorce and offer a quick and clean financial break.
- Inherited property: Dealing with an inherited home can be complex and time-consuming, making a quick cash sale an attractive option.
- Downsizing: When you’re looking to downsize, especially in retirement, selling your home for cash can expedite your move to a new, smaller home.
- Major repairs needed: If your home requires significant repairs you cannot afford or manage, selling for cash can be a practical solution.
- Avoiding open houses: For those who value privacy and wish to avoid the hassle of open houses, cash sales eliminate this step.
- Foundation issues: Homes with foundation problems can be difficult to sell traditionally, but cash buyers often purchase homes as-is.
- Facing foreclosure: Selling for cash might offer a way out for homeowners facing foreclosure, potentially salvaging credit scores.
- Problem tenants: Landlords dealing with difficult tenants can find relief by selling their rental property for cash.
- Selling from out of state: Managing a sale from afar can be daunting; cash sales simplify this process significantly.
If you find yourself in any of these situations, a cash offer from a house-buying company in Fayetteville, NC, might be worth considering. However, it’s wise to view this as just one option among many.
Pros and cons of “We Buy Houses” companies in Fayetteville, NC
If you need to sell your Fayetteville, NC home quickly and avoid the hassle of repairs or showings, a cash-for-homes company might be a good option. These companies will buy your home as-is, eliminating the need for pre-sale preparations. They also offer fast cash closings. However, be aware that cash-for-homes companies typically offer below market value for properties. So, this option is best suited for sellers who prioritize speed and convenience over maximizing profit.
Let’s take a look at some of the pros and cons of working with a Fayetteville, NC “We Buy Houses” company:
Pros
- Speed of sale: House-buying companies in Fayetteville, NC, can often close on a property within a week, allowing sellers to access funds quickly.
- No need for repairs: Your home can be sold as-is, eliminating the need for costly and time-consuming repairs.
- Simplicity: The process eliminates many of the complexities of traditional sales, such as staging and open houses.
- No contingencies: Cash sales typically don’t involve loan approvals, appraisals, or home sale contingencies, streamlining the process even further.
Cons
- Below market value: Offers from these companies are typically less than what you might receive on the open market, impacting your potential profit.
- Limited negotiation: The offer you receive is usually non-negotiable, providing less flexibility than a traditional sale.
- Potential for scams: While many reputable companies operate fairly, the industry is not immune to scams. Sellers should exercise caution and conduct thorough research.
- Loss of control: Choosing a cash buyer can limit your negotiation options and closing timeframe.
Vet cash buyers and know your home’s worth
Selling your Fayetteville, NC home for cash can be tempting, especially if you need to move quickly. But remember, not all cash home buyers are the same. It’s important to do your research before jumping into a decision.
Read online reviews, check testimonials from past sellers, and see how long the company has been operating in the Fayetteville market. Taking the time to vet the company can save you from headaches down the road. Finally, before signing the buying agreement, make sure you understand all the terms and conditions.
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 it to your cash offer. HomeLight can connect you with a top-performing agent in Fayetteville, NC. 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, NC home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to provide fast, all-cash offers for homes, often closer to market value. This modern, mostly online experience streamlines the selling process, going from offer to closing in a few days to two weeks. While companies like Opendoor and Offerpad offer convenience, they typically charge service fees of 5%–6%. iBuyers best serve homeowners with properties in good condition in areas with uniform housing.
Listing with an agent
Listing with a real estate agent might seem counterintuitive, but in favorable markets, it can lead to quick sales at premium prices. Top-performing agents have marketing and pricing expertise and may be able to attract multiple offers quickly. Additionally, they provide valuable insights through a comparative market analysis (CMA), which helps set competitive listing prices based on market data. CMAs are often free and can determine how quickly a home might sell. In some cases, agents may also connect sellers with cash buyers willing to pay closer to market value. For those considering this route, HomeLight can put you in touch with top-performing agents in your area, ensuring you explore all avenues before making a decision.
FAQs on Fayetteville, NC “We Buy Houses” companies
By and large, most We Buy Houses for Cash companies in Fayetteville, NC 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 Better Business Bureau website. Watch for anything that just doesn’t seem right.
As described in our pros and cons list above, most Fayetteville, NC “We Buy Houses” companies abide by 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 brick-clad bungalow could sell for $228,300 after repairs, but it’s going to need $30,000 of work to get there.
($228,300 x .70) – $30,000 = $129,810
In this example, a Fayetteville, NC “We Buy Houses” company might offer you around $129,810 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, NC “We Buy Houses” company, you will likely be coming to grips with a two-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 the offer is accepted. On the other side, you’ll likely get less money overall for your home.
Because “We Buy Houses” 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.
1. Research and vet the house-buying companies that serve Fayetteville, NC. 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” 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, NC | Sell with a top Realtor in Fayetteville, NC |
Selling timeline | 7 to 30 days | 82 days average; 40 to attract an offer, 42 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 | 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” company and an agent-assisted sale.
Let’s say your home in Fayetteville, NC is currently worth about $228,300 and needs roughly $25,000 in repairs. Once the repairs are completed, the home might be worth around $253,300.
Sell to a We Buy Houses for Cash company in Fayetteville, NC | Sell with a top Realtor in Fayetteville, NC | |
Estimated sale price | ($253,300 x .70) – $25,000 = $152,310 | $228,300 |
Market preparations | 0 | $2,283 (1% of sale price) |
Agent commissions | 0 | $13,241 (5.8% of sale price) |
Closing costs | 0 | $3,424 (1.5%) |
Estimated take-home for seller | $152,310 | $209,352 |
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
- Selling to a “We Buy Houses” company in Fayetteville, NC, offers a quick and straightforward sales process.
- You can sell your home as-is without making repairs, which is ideal if you’re looking to avoid additional expenses.
- Be aware that offers from cash buyers may be below market value, impacting your profit. You should have an idea of your home’s value to avoid accepting a lowball offer.
- Consider all selling avenues, including iBuyers and traditional real estate agents, to ensure the best outcome.
- Research and vet any cash-for-homes company before proceeding to avoid scams and ensure a smooth sale.
- HomeLight’s Simple Sale platform extends no-obligation, all-cash offers for homes in various conditions in Fayetteville, NC, connecting you with a range of investors.
Sellers considering a Fayetteville, NC “We Buy Houses” company are encouraged to gather multiple offers and take their time to carefully weigh their options. Selling your home is a major financial decision, and rushing into an agreement without exploring all avenues could mean missing out on potential benefits.
Consulting with a top Fayetteville agent can provide expert insights on how quickly and for how much your property might sell on the open market. If you’re looking for guidance or support in selling your home, let HomeLight assist you with your real estate needs, ensuring you make the most informed decision for your situation.
Header Image Source: (paulbr75/ Pixabay)