We Buy Houses Hattiesburg: 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.
If you’re looking to sell your house quickly in Hattiesburg, a We Buy Houses company may be worth considering. These companies specialize in making all-cash offers for homes, even those that need repairs or updates, allowing you to skip the headaches that come with the traditional sales process.
Selling your home for cash enables you to skip the stress and expense of fixing up your property. Whether you’re facing a time-sensitive situation or don’t have the resources to make repairs, a cash sale can provide the relief you need to move forward with your plans quickly.
In this post, we’ll explore the pros and cons of working with house-buying companies in Hattiesburg, explain how the process works, and help you decide whether this option is the right fit for your situation.
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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 Hattiesburg area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Hattiesburg
Selling your home to a house-buying company in Hattiesburg can be fast and easy. Here’s a quick overview of what you can expect:
1. Reach out: Contact a house-buying company by phone or through their website to express interest in selling.
2. Share property details: Provide key information about your home, including its location and current condition.
3. Schedule an evaluation: The company will arrange a time to visit your home and assess its value.
4. Receive a cash offer: After the evaluation, the company will present you with a take-it-or-leave-it cash offer.
5. Accept the offer: If you’re satisfied with the offer, you can move forward by accepting it.
6. Close quickly: The closing process is fast, and you’ll typically receive your payment within days.
Popular We Buy Houses for Cash companies in Hattiesburg
If the process of selling to a house-buying company in Hattiesburg 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’ Craftsman bungalow or Ranch-style home. By selling to one of these companies, you should be able to sell your Hattiesburg home in as little as a week or two.
MS Home Buyers
MS Home Buyers provides solutions for homeowners faced with foreclosure, divorce, a run-down or vacant property, and other difficult situations that require a fast cash sale. Closing can take as little as seven days or on the seller’s time frame, sometimes on the very same day.
Locations: Based in Hattiesburg, Mississippi, MS Home Buyers purchase houses in Tupelo, Jackson, Biloxi, Oxford, and surrounding areas. The company’s website provides a full list of locations.
Closing costs: Sellers pay no closing costs; MS Home Buyers covers them.
MS Home Buyers has been BBB accredited since 2022 and holds an A+ rating. Customer reviews speak to the company’s professionalism and honesty. The company has a 5.0 Google review rating.
Website: cashhomesms.com
Phone number: 601-336-1835
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Hattiesburg (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 Hattiesburg.
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 Hattiesburg, MS.
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
Southern Properties United
Established in 2007, Southern Properties United offers sellers solutions needing a quick cash sale when dealing with challenging situations such as foreclosure, divorce, or a dilapidated property. Offers can be presented in as little as 24 hours.
Locations: Hattiesburg, Mississippi, and surrounding areas.
Closing costs: Sellers pay no closing costs; Southern Properties United covers them.
Southern Properties United has been BBB accredited since 2021 and holds an A+ rating in addition to 4.0 stars on Google. Customer reviews on Google for Southern Properties United speak to the company’s professionalism, transparency, and openness to negotiation. They comment about the firm’s flexibility with regard to move-out and closing dates. One complaint mentioned unsolicited texts about selling their home.
Website: southernpropertiesunited.com/hattiesburg-ms/
Phone number: 228-285-4747
BiggerEquity
BiggerEquity is a nationwide house-buying company that began operations in 2016. The company says it can make a cash offer in as little as seven minutes and can close in as few as seven days. They provide additional services, including arranging relocation to a new home, preventing foreclosure, legal assistance, and credit counseling.
Locations: BiggerEquity buys houses throughout Mississippi, including Jackson, Clinton, Gulfport, Biloxi, Southaven, Olive Branch, Horn Lake, Hattiesburg, Meridian, Tupelo, Greenville, Pearl, Madison, Starkville, Oxford, and Vicksburg. The company serves homeowners in all 50 U.S. states.
Closing costs: Sellers pay no closing costs; BiggerEquity covers them.
BiggerEquity has been BBB accredited since 2018 and holds an A+ rating as well as 4.8 stars on Google. Customer reviews on Google for BiggerEquity speak to a smooth, transparent, and up-front process without any pressure or surprises.
Website: biggerequity.com/mississippi
Phone number: 866-333-8377
Why sell your Hattiesburg house for cash?
Why sell your Hattiesburg home for cash? The process is significantly faster than selling on the traditional market, with less potential for roadblocks.
In Hattiesburg, it typically takes around 99 days to sell a home on the market using an agent. That includes an average of 56 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 Hattiesburg, 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.
Let’s explore some common scenarios where this option might be a good fit.
- Relocating for work: You’ve accepted a new position in another city and need to move fast without dealing with a lengthy sale process.
- Going through a divorce: You and your partner are splitting up and need to sell quickly to divide the proceeds.
- Inheriting a property: You’ve inherited a home you don’t want to keep and need a simple way to sell it.
- Downsizing your home: You’re planning to downsize, and a quick sale helps you transition smoothly.
- Dealing with repairs: Your home needs major repairs, but you don’t want to invest time or money in fixing it.
- Avoiding open houses: You’d rather skip open houses and showings that require constant prep work.
- Foundation problems: Your home has foundation issues that you’d rather not repair before selling.
- Facing foreclosure: You’re behind on payments and need to sell fast to avoid foreclosure.
- Managing problem tenants: You’re a landlord with difficult tenants and want to sell the property quickly.
- Selling from out of state: You live elsewhere and want to sell your house without managing a long-distance transaction.
Pros and cons of house-buying companies in Hattiesburg
When considering a house-buying company in Hattiesburg, it’s important to weigh both the advantages and disadvantages. These companies offer a fast, hassle-free sale, but there are trade-offs to be aware of. Let’s explore both the pros and cons in more detail.
Pros of house-buying companies in Hattiesburg
A key advantage of working with a house-buying company is the speed of the sale and their willingness to buy homes in any condition, saving you from the need to make repairs or stage your home. Here are the top benefits:
- Quick sale: You can often close the deal in as little as a week, making this option ideal if you’re facing a time-sensitive situation.
- No repairs needed: House-buying companies will purchase your home as-is, so you don’t have to worry about fixing anything or investing in costly renovations.
- No showings or open houses: Skip the hassle of preparing your home for showings and open houses, which can be stressful and time-consuming.
- Fewer contingencies: These deals typically come with no contingencies, so there’s less risk of the sale falling through due to financing or inspection issues.
Cons of house-buying companies in Hattiesburg
While the speed and convenience are appealing, the major downside is that you’ll likely receive below-market value for your home compared to what you could get on the open market with a real estate agent. Consider these potential drawbacks:
- Lower offer price: These companies typically offer less than what your home would fetch if you listed it with a real estate agent.
- Limited negotiation: Most offers are take-it-or-leave-it, leaving little room to negotiate for a higher price.
- Potential for scams: You need to be cautious of scams in the industry, as not all house-buying companies are legitimate.
- No opportunity to maximize value: You won’t have the chance to enhance your home’s value through repairs or staging, which could result in a lower final sale price.
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
Before committing to a cash offer for your home in Hattiesburg, it’s crucial to vet the house-buying company carefully. The level of integrity and service can vary greatly, so your experience will depend on the buyer’s reputation. Follow these steps to protect yourself:
- Check reviews: Look up online reviews from past clients to gauge others’ experiences with the company.
- Read testimonials: Go beyond ratings and read testimonials to see if the company delivers on its promises.
- Research their track record: Investigate how long the company has been active in your area and its overall performance.
- Review the contract carefully: Before signing, thoroughly read the buying agreement to understand 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 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 Hattiesburg home quickly
iBuyers
iBuyers, like Opendoor and Offerpad, use automated valuation models to generate near-instant cash offers, typically closer to market value for homes in good condition. Their mostly online process is fast, often closing in a few days to two weeks. However, iBuyers charge service fees of around 5%-6%, and they usually buy homes in regions with homogeneous housing.
Listing with an agent
While listing may take longer, top real estate agents can help you sell faster, especially in a hot market. A key benefit is receiving a comparative market analysis, often free, to estimate your home’s value. Top agents may even connect you with buyers offering close to market value. HomeLight can connect you with a proven agent in your area.
FAQs on Hattiesburg house-buying companies
By and large, most We Buy Houses for Cash companies in Hattiesburg 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 Hattiesburg 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 Hattiesburg ranch-style home could sell for $310,000 after repairs, but it will need $30,000 of work to get there.
($310,000 x .70) – $30,000 = $187,000
In this example, a Hattiesburg We Buy Houses company might offer you around $187,000 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 Hattiesburg 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 Hattiesburg 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 Hattiesburg vs. top Hattiesburg 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 Hattiesburg | Sell with a top Realtor in Hattiesburg |
| Selling timeline | 7 to 30 days | 99 days average; 56 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 Hattiesburg is worth about $310,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $335,000.
| Sell to a We Buy Houses for Cash company in Hattiesburg | Sell with a top Realtor in Hattiesburg | |
| Estimated sale price | ($335,000 x .70) – $25,000 = $209,500 | $335,000 |
| Market preparations | 0 | $3,350 (1% of sale price) |
| Agent commissions | 0 | $19,430 (5.8% of sale price) |
| Closing costs | 0 | $5,025 (1.5%) |
| Estimated take-home for seller | $209,500 | $307,195 |
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
- Quick sale: Cash-for-homes companies provide a fast way to sell, often closing in as little as a week.
- No repairs needed: These companies buy homes as-is, saving you the cost and time of making repairs.
- Less hassle: You can avoid prepping for showings and open houses, which can be stressful and time-consuming.
- Lower offer: Expect a lower offer compared to what you might get if you listed your home on the open market.
- 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 Hattiesburg agent.
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