We Buy Houses Gatlinburg, TN: 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 Gatlinburg, TN can feel overwhelming—especially if you’re facing a quick timeline and repairs aren’t in the budget. We Buy Houses companies in Gatlinburg offer a streamlined solution with cash offers for properties as-is, making them an appealing option for homeowners looking to sidestep costly fixes or prolonged listing times.
Working with a cash buyer means you could receive payment in a matter of days, allowing you to move forward with other life plans without the hassle of traditional home-selling steps. Whether you’re dealing with an unexpected life event or want a fast, uncomplicated sale, a cash-for-homes company may offer you a solution.
In this post, we’ll discuss the pros and cons of selling your Gatlinburg home for cash to help you make the best decision for your situation and provide you with some alternatives to consider.
Sell Your House Fast in Gatlinburg 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 Gatlinburg area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Gatlinburg
Working with a house-buying company in Gatlinburg can simplify your home sale and provide the speed to move on with your plans. Here’s a quick look at the basic steps in selling your property to a cash-for-homes company in Gatlinburg.
1. Contact the company: To start the process, contact the house-buying company, often through a phone call or an online form.
2. Share details about your home: Provide basic information about your property, including its condition, location, and necessary repairs.
3. Schedule a home evaluation: The company may send a representative to assess your home’s value, helping them determine a fair cash offer.
4. Receive an offer: You’ll typically get a no-obligation cash offer to review after the evaluation.
5. Accept the offer: If you’re satisfied, accept the offer and prepare for a fast close.
6. Close the sale: Finalize the paperwork, and you’ll receive your payment, often within a week.
Popular We Buy Houses for Cash companies in Gatlinburg
If the process of selling to a house-buying company in Gatlinburg 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 or Bungalow. By selling to one of these companies, you should be able to sell your Gatlinburg home in as little as a week or two.
New Horizon Home Buyers
New Horizon Home Buyers purchase homes nationwide, regardless of condition. After filling out a short form on its website, the company will offer you a cash offer. Offers can be received in as little as seven days.
Locations: All over the United States, including Tennessee.
Closing costs: Sellers pay no closing costs; New Horizon Home Buyers will cover them.
New Horizon Home Buyers has been BBB accredited since 2020 and holds an A+ rating. On Google, clients give the company an average of 4.9 stars.
Website: newhorizonhomebuyers.com
Phone number: 423-509-8393
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Gatlinburg (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 Gatlinburg.
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 Gatlinburg
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
Integrity House Buyers
Integrity House Buyers, based in Clarksville, buys houses directly, paying cash and closing quickly without fees or commissions, regardless of the property’s condition.
Locations: Statewide
Closing costs: Sellers pay no closing costs; Integrity House Buyers structures an offer so there are no out-of-pocket expenses.
Integrity House Buyers has been BBB accredited since 2022 and holds an A+ rating. On Google, they hold a 4.8-star rating and garner praise for their exceptional service.
Website: buyerswithintegrity.com
Phone number: 931-213-6951
TN Homebuyers
TN HomeBuyers, established in 2002, will buy houses from sellers, offering cash offers and flexible closing dates. The company specializes in buying various types of residential real estate, including single-family houses, condos, townhouses, and multifamily houses.
Locations: All over Tennessee.
Closing costs: Sellers pay no closing costs; TN HomeBuyers will cover them.
TN HomeBuyers has been BBB accredited since 2004 and holds an A+ rating and an average of 4.8 out of 5 stars.
Website: 299cash.com
Phone number: 615-299-5525
Why sell your Gatlinburg house for cash?
There are plenty of valid reasons a Gatlinburg home seller may choose to work with a Cash-For-Homes company. Speed, certainty, and remarkable convenience are some of the primary reasons.
In Gatlinburg, it typically takes around 104 days to sell a home using an agent. That includes an average of 60 days on the market plus the typical 44 days a buyer needs to close on a purchase loan.
If you’re considering selling your Gatlinburg house for cash, there are several situations where a house-buying company can offer a simple, quick solution. When life circumstances or property issues demand a fast sale, opting for a cash offer can give you the flexibility and peace of mind you need.
- Job relocation: You need to move quickly for a job relocation and want a quick sale without the hassle of a traditional listing.
- Divorce: Going through a divorce and seeking a quick property settlement without delays.
- Inherited property: You’ve inherited a house and would like to sell it quickly rather than maintain or repair it.
- Downsizing: You’re downsizing and prefer a fast cash sale to avoid prolonged open houses or showings.
- Costly repairs: Your property needs extensive repairs that you don’t have the time or money to complete.
- Avoiding open houses: You’re not comfortable with open houses and don’t want strangers walking through your home.
- Foundation issues: Your home has significant foundation issues or other structural concerns that make it hard to sell conventionally.
- Foreclosure risk: You’re behind on payments and need to sell fast to avoid foreclosure.
- Tenant complications: You’re dealing with difficult tenants or want to sell an occupied rental property.
- Selling from out of state: You’re selling from out of state and need a reliable, no-fuss way to close the deal.
Pros and cons of house-buying companies in Gatlinburg
House-buying companies in Gatlinburg can provide homeowners with a fast, hassle-free selling option. If you’re aiming to avoid repairs, they’re willing to purchase your property as-is and can close in a short timeframe. Here’s a quick look at the primary benefits and drawbacks.
Selling to a house-buying company offers the speed and ease many homeowners need. From buying as-is to eliminating contingencies, these companies make the process smooth and reliable. Here are some top pros:
- Speedy close: Cash buyers often close within a week, giving you quick access to your sale proceeds.
- Buys as-is: No need to worry about repairs; they’ll take your property in any condition.
- No showings: Avoid open houses and showings, as these companies skip the usual sales process.
- Fewer contingencies: Cash offers are less likely to include contingencies, making the process smoother and more predictable.
While selling to a house-buying company has benefits, the major drawback is they usually offer below market value. For some homeowners, this trade-off is manageable, but here’s a look at the possible downsides:
- Lower sale price: Cash offers typically come in lower than what you’d get with a real estate agent on the open market.
- Fewer offers: Once you’ve contacted a cash buyer, you may miss out on competing bids that could raise your price.
- Limited negotiation: Many cash buyers provide take-it-or-leave-it offers, leaving you with little room to negotiate terms.
- Risk of scams: Some scams exist in the industry, so it’s essential to vet buyers carefully.
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 you decide to sell your home to a house-buying company, know that your experience can vary based on the company’s integrity and reputation. Here are some quick tips to help ensure a positive experience:
- Check reviews and testimonials: Look at online reviews and past client testimonials to see if others had a smooth experience with the company.
- Research the company’s background: Investigate its presence in the market to confirm it’s an established and trustworthy buyer.
- Verify licenses and credentials: Confirm the company’s credentials with local or state business bureaus.
- Read the agreement thoroughly: Review the buying agreement carefully, noting any specific terms or conditions, to avoid surprises.
- Assess the offer against market value: Know your home’s worth by checking comparable sales in your area.
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 Gatlinburg home quickly
If you’re looking for a fast home sale, there are options beyond house-buying companies. Here’s a look at iBuyers and listing with an agent:
- iBuyers: Using automated valuation models, iBuyers like Opendoor and Offerpad make near-instant, all-cash offers, often close to market value for homes in good condition. The iBuyer process is fast—typically closing within days or up to two weeks—but service fees range from 5% to 6%.
- Listing with an agent: In a strong market, a top agent can sell your home quickly, potentially for more than a house-buying company would offer. Agents provide insights through a comparative market analysis (CMA)—often free. HomeLight can connect you with a top agent who may even know cash buyers ready to make competitive offers.
FAQs on Gatlinburg house-buying companies
By and large, most We Buy Houses for Cash companies in Gatlinburg 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 Gatlinburg 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 Gatlinburg Ranch could sell for $640,000 after repairs, but it will need $30,000 of work to get there.
($640,000 x .70) – $30,000 = $418,000
In this example, a Gatlinburg We Buy Houses company might offer you around $418,000 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 Gatlinburg 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 Gatlinburg 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 Gatlinburg vs. top Gatlinburg 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 Gatlinburg | Sell with a top Realtor in Gatlinburg |
| Selling timeline | 7 to 30 days | 104 days average; 60 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 Gatlinburg is worth about $640,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $665,000.
| Sell to a We Buy Houses for Cash company in Gatlinburg | Sell with a top Realtor in Gatlinburg | |
| Estimated sale price | ($665,000 x .70) – $25,000 = $440,500 | $640,000 |
| Market preparations | 0 | $6,400 (1% of sale price) |
| Agent commissions | 0 | $19,200 (3% of sale price) |
| Closing costs | 0 | $9,600 (1.5%) |
| Estimated take-home for seller | $440,500 | $604,800 |
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 closing: Cash-for-homes companies can typically close within days, providing a quick solution if you need to sell fast.
- No repairs needed: You can sell your house in any condition, bypassing the expense and effort of repairs.
- Convenience over price: While convenient, cash offers are generally lower than what you’d receive on the open market.
- Limited negotiation: Cash-buying companies typically provide take-it-or-leave-it offers, leaving little room for price adjustments.
- Research is essential: Vetting companies and comparing offers helps ensure you get a fair deal.
- 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 Gatlinburg agent.
Header Image Source: (Joshua Teichroew/ Pexels)
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