4 Top We Buy Houses for Cash Companies in Glendale

Popular We Buy Houses for Cash companies in Glendale

If selling to a house-buying company in Glendale sounds good, it’s time to find a legitimate operation you can trust.

We’ve compiled some of the top companies that will pay cash for you or your parents’ Ranch-style or Tudor Revival. By selling to one of these companies, you should be able to sell your Glendale home in as little as a week or two.

Why sell your Glendale house for cash?

Glendale home sellers often find compelling reasons to partner with Cash-For-Homes companies, most notably for their fast transactions, guaranteed sales, and unparalleled ease

In Glendale, selling a home on the market typically takes around 97 days using an agent. That includes an average of 50 days on the market plus the typical 47 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 Glendale, 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.

Choosing to sell your Glendale house for cash through a “We Buy Houses” company can be an ideal solution under various circumstances. These scenarios often reflect homeowners’ unique challenges and needs, making the quick and straightforward nature of cash sales particularly appealing. Here are some situations where considering a cash offer might be beneficial:

• Job relocation: Quick sales are essential when you’re relocating for a job and time is of the essence.
• Divorce: A fast, uncomplicated sale can ease the transition during a divorce.
• Inherited property: Dealing with an inherited house can be simplified with a cash sale, avoiding lengthy probate processes.
• Downsizing: For those downsizing, selling for cash offers a quick path to a new chapter.
• Significant repairs needed: If your home requires repairs you can’t afford or don’t want to manage, selling for cash is a viable option.
• Avoiding open houses: Selling for cash means you can skip the inconvenience of open houses.
• Foundation issues: Foundation problems can be a dealbreaker for traditional buyers, but not for cash buying companies.
• Foreclosure: A cash sale can provide a way out of foreclosure, allowing you to settle debts quickly.
• Problematic tenants: Selling a property with tenants can be less of a hassle when you choose a cash sale.
• Selling from out of state: For those selling from out of state, a cash offer simplifies the process, making it easier to manage from afar.

Pros and cons of house-buying companies in Glendale

Selling your house to a house-buying company in Glendale offers a quick, hassle-free alternative to traditional real estate transactions. The biggest advantages include the speed of sale and the ability to sell your property as-is without costly repairs or preparations.

Pros:

• Speed of sale: The process is fast, often closing in as little as a week, which is ideal for those who need to sell quickly.
• No need for repairs: You can sell your home as-is, avoiding the time and expense of making any repairs or upgrades.
• Simplicity: The sale process is straightforward, with fewer contingencies and no need for open houses or marketing.
• Guaranteed sale: Unlike the traditional market, where deals can fall through, a cash offer from a house-buying company is more certain.

Selling to a house-buying company in Glendale does come with trade-offs, the most significant being that you may receive an offer below market value for your property. While fast and convenient, weighing these drawbacks against the benefits is important.

Cons:

• Below market value: Offers are typically less than what you might receive on the open market, reflecting the convenience and speed of the sale.
• Limited negotiation: The price offered is often final, offering little room for negotiation.
• Risk of scams: While many companies are reputable, there is a risk of scams, emphasizing the need for due diligence.
• No realtor guidance: You’ll navigate the sale without the expert advice and market insights an experienced real estate agent provides.

Vet cash buyers and know your home’s worth

When deciding to sell your Glendale home to a “We Buy Houses for Cash” company, it’s important to remember that your experience will largely depend on the integrity and professionalism of the buyer. The level of service and fairness you receive can vary significantly from one company to another. Before committing, take the time to vet the company thoroughly. Look up reviews, read testimonials from past sellers, and research the company’s track record in the market.

Equally important is understanding the value of your property. Before signing any buying agreement, ensure you understand your home’s worth well. This knowledge will help you assess the fairness of the offer you receive.

Reading the buying agreement carefully, with the help of a professional, will ensure you are fully aware of what you are agreeing to, safeguarding your interests throughout the transaction.

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 for an initial ballpark estimate in less than two minutes.

Other options to sell your Glendale home quickly

iBuyers: Instant buyers, or iBuyers, use automated valuation models (AVMs) to make quick, all-cash offers on homes, often closer to market value. This iBuyer process appeals to sellers with properties in good condition, offering a rapid sale cycle from a few days to a couple of weeks. Companies like Opendoor and Offerpad represent this category but typically charge service fees of 5%-6%.

Listing with an Agent: Despite focusing on cash-for-homes companies, listing with a real estate agent can also facilitate a quick sale, especially in seller-friendly markets. A top agent can significantly increase the sale price, often offering a comparative market analysis (CMA)—often free—to help price your home competitively.

Sometimes, an agent might even find a cash buyer willing to pay close to market value. For those considering this route, HomeLight can connect you with a top-performing agent in your area.

FAQs on Glendale house-buying companies

Are We Buy Houses for Cash companies legit or scams?

By and large, most We Buy Houses for Cash companies in Glendale are legitimate businesses. Their services and transaction fees may differ, but the business model has existed for decades. If you use an established group with a track record, you can be fairly confident 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.

How much will We Buy Houses for Cash companies in Glendale pay?

As described in our pros and cons list above, most Glendale 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 Glendale Ranch-style could sell for $425,000 after repairs, but it’s going to need $30,000 of work to get there.

($425,000 x .70) – $30,000 = $267,500

In this example, a Glendale We Buy Houses company might offer you around $267,500 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.

How much does selling a home to a We Buy Houses for Cash company in Glendale cost?

When you accept an offer from a Glendale We Buy Houses for Cash 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 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 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.

How do you sell a house for cash in Glendale?

1. Research and vet the house-buying companies that serve your Glendale 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 Glendale vs. top Glendale agent

Another helpful exercise compares how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s 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 Glendale	Sell with a top Realtor in Glendale
Selling timeline	7 to 30 days	97 days average; 50 to attract an offer, 47 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 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 Glendale 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 Glendale	Sell with a top Realtor in Glendale
Estimated sale price	($450,000 x .70) – $25,000 = $290,000	$425,000
Market preparations	0	$4,250 (1% of sale price)
Agent commissions	0	$24,650 (5.8% of sale price)
Closing costs	0	$6,375 (1.5%)
Estimated take-home for seller	$290,000	$389,725

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 challenging in your area, or the agent timeline might not fit your immediate needs.

Key takeaways

• Speed and convenience: Selling to a house-buying company in Glendale offers a fast and hassle-free transaction, appealing for urgent or complex situations.
• Sell as-is: You can avoid the cost and time involved in making repairs by selling your home in its current condition.
• Below market offers: Be prepared to receive offers that may be lower than what you could achieve on the open market.
• Vet the buyer: It’s important to research and choose a reputable house-buying company to avoid potential scams.
• Other selling options: Consider iBuyers for a quick, near-market value sale or listing with an agent to maximize the sale price.
• 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 Glendale agent.

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