We Buy Houses Jackson, MS: 4 Top Companies
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Kelsey Morrison Former HomeLight EditorClose
Kelsey Morrison Former HomeLight EditorKelsey 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 a homeowner in Jackson, Mississippi, facing a difficult situation or needing to sell a property requiring renovations, “We Buy Houses” companies offer a potential solution. They buy houses in as-is condition, saving you the time and hassle of repairs. This can be an attractive option if you need to sell fast, like for a job relocation, or don’t have the funds for home improvements due to financial strain.
Before accepting a cash offer from a “We Buy Houses” company, you need to weigh the pros and cons carefully. While these investors offer speed and convenience, they often purchase homes at a discount compared to what you could fetch on the open market when selling with a real estate agent.
In this guide, we’ll explore both paths to help you make an informed decision about whether a “We Buy Houses” company is the right choice for you.
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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 Jackson area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Jackson
Selling your home in Jackson to a house-buying company streamlines the selling process, which can be ideal for homeowners in need of a quick sale.
Here’s how the process generally works:
- Research companies: Start by looking for reputable house-buying companies in the Jackson area. Ensure they have a solid track record of fair offers and transparent dealings.
- Submit information: Provide details about your property through the company’s online form or over the phone. This usually includes your address, the condition of your home, and any other relevant information.
- Schedule a walk-through: The home-buying company will most likely want to conduct an in-person tour of your home to evaluate its condition and market value.
- Receive an offer: Based on the information you provide and the walkthrough, the company will make an all-cash offer for your home. Remember, this offer is often non-negotiable and presented as a take-it-or-leave-it deal.
- Accept the offer: If you decide the offer meets your needs, you can accept it. This step moves you forward in the process of selling your home.
- Close the sale: The company will usually handle all the paperwork and closing details. Closing can occur in as little as a week, allowing you to receive your cash quickly.
Popular We Buy Houses for Cash companies in Jackson
If the convenience of selling your home to a “We Buy Houses” company in Jackson appeals to you, the next step is to identify a reputable and trustworthy company.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ Craftsman or Queen Anne. By selling to one of these companies, you should be able to offload your Jackson home in as little as a week or two.
Keen Home Buyers
Based in the Jackson metro area, Keen Home Buyers is a real estate investment firm dedicated to helping homeowners in challenging situations. They purchase homes in “as-is” condition and present fair offers. Sellers can close in as little as 15 days, or on the date of their choosing, and Keen Home Buyers pays all closing costs.
Locations: Jackson
Closing costs: Sellers pay no closing costs; Keen Home Buyers covers them.
Clients of Keen Home Buyers highlight the company’s professionalism, knowledge, and efficiency. The owner, Rashad, has helped homeowners avoid foreclosure, sell marital homes due to divorce, and offload inherited properties. One reviewer wrote, “It was refreshing speaking to [Rashad] because he didn’t really sound like a salesman or someone that was pushing to buy our home. He sounded more like someone who was really trying to help us figure out what was best for us.” Keen Home Buyers has a Google review rating of 5.0.
Website: keenhomebuyers.com
Phone number: 601-336-1060
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Jackson (and across the country) can request cash offers for their homes. 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 Jackson.
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 Jackson
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 accredited by the Better Business Bureau (BBB) 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
Atlas Property Investors
Atlas Property Investors pays cash for single-family homes, townhomes, and multi-family homes in cities across Mississippi, including Jackson. They extend fair offers for homes in any condition and can close deals in as few as 10 days. Atlas Property Investors covers all closing costs and are upfront and honest about their home offer calculations.
Locations: Jackson and surrounding areas
Closing costs: Sellers pay no closing costs; Atlas Property Investors covers them.
Atlas Property Investors has been BBB-accredited since 2022 and touts an A+ rating. They also have a Google review rating of 4.2. Positive reviews mention the company’s professionalism, smooth processes, and reasonable quotes. “Atlas was very quick and worry-free. I can’t believe how easy they made the process!” wrote a client who worked with the company within the last year. Negative reviews mostly focus on unsolicited calls, texts, and fliers.
Website: atlaspropertyinvestors.com
Phone number: 601-803-7241
New Again Houses
New Again Houses® is a nationwide home-buying company with a franchise location in Byram, just outside of Jackson. Owners Jessica and Tony Hollingsworth purchase houses in Jackson and surrounding cities in Madison, Rankin, Hinds, Copiah, Lincoln, and Pike counties. They pay cash for homes in “as-is” condition and can close in as little as seven days. They pay all closing costs and even help with the probate process if you’re dealing with an inherited property.
Locations: Jackson and other cities throughout Mississippi
Closing costs: Sellers pay no closing costs; New Again Houses covers them.
New Again Houses® has been BBB-accredited since 2011 and holds an A+ rating. The Jackson chapter boasts a Google review rating of 5.0. Clients say that Jessica and Tony are easy to work with, professional, and honest. “This company will make the process easy, quick, and hassle-free,” wrote one reviewer. “It was one of my best decisions to contact New Again Houses.”
Website: newagainhouses.com/locations/ms/jackson
Phone number: 601-768-1128
Why sell your Jackson house for cash?
Choosing to sell your Jackson house for cash can be a strategic decision for homeowners facing certain situations. Here are some common scenarios where opting for a house-buying company might be the right move:
- Job relocation: Quickly selling your home is essential when you’re relocating for a new job opportunity.
- Divorce: A fast sale can simplify dividing assets during a divorce, making the process less stressful.
- Inherited property: Selling an inherited property for cash can resolve estate settlements quickly.
- Downsizing: If you’re looking to move into a smaller home or a retirement community, a quick sale helps you transition smoothly.
- Major repairs needed: Selling your home as-is might be a better option if it requires significant repairs you can’t afford or manage.
- Avoiding open houses: If the idea of open houses and constant showings is unappealing, a cash sale is straightforward and private.
- Foundation issues: Homes with serious foundation problems can be difficult to sell traditionally but are often accepted by cash buyers.
- Facing foreclosure: To avoid the complications of foreclosure, a quick cash sale might offer a way out.
- Problem tenants: Selling a rental property with tenants can be challenging, but cash buyers often take properties with tenants in place.
- Selling from out of state: Managing a sale from afar is complex; a cash sale simplifies this process.
If you find yourself in any of these situations, reaching out to a “We Buy Houses” company in Jackson could provide a quick and convenient solution. However, it’s crucial to view this as just one option among many.
Pros and cons of house-buying companies in Jackson
Selling your home to a house-buying company in Jackson can be an attractive option, especially if you value speed and convenience. These companies buy your house in any condition, eliminating the need for costly repairs or staging. However, while the convenience is undeniable, it’s important to consider the potential downsides to ensure you’re making the best decision for your situation.
Here’s a quick breakdown of the pros and cons of selling to a house-buying company:
Pros
- Fast closing: These companies can close the deal quickly, often within a week, which is ideal for sellers needing to move on swiftly.
- No repairs needed: Your home will be purchased as-is, saving you the time and expense of making repairs.
- No real estate fees: Selling to a cash buyer means you won’t have to pay realtor commissions, which can save you a significant amount of money.
- Simplicity: The process is straightforward, with fewer contingencies and hurdles than traditional real estate transactions.
Cons
- Below market value: Offers from these companies are typically below market value, which means you might not get as much for your home as you would on the open market.
- Limited negotiation: The price offered is usually take-it-or-leave-it, giving sellers little room to negotiate a better deal.
- Risk of scams: It’s crucial to research companies thoroughly as the industry can be prone to scams.
- Missed market benefits: Selling for cash means missing out on potential market-driven offers that could exceed a cash offer.
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 considering a sale to a “We Buy Houses for Cash” company in Jackson, it’s important to remember that the level of integrity and service you’ll encounter can vary significantly. The experience you have will largely depend on the character and professionalism of the person or group making you an offer.
Before you commit to any cash offer, take the time to thoroughly vet the company. Look into their reviews, read testimonials from previous sellers, and research their market presence and track record to ensure you’re dealing with a reputable investor.
You should also have an understanding of the value of your Jackson home before beginning the process. Read the buying agreement carefully, or have a lawyer review it. This step is not just about securing a fair deal but also about protecting yourself and ensuring the transaction meets your specific needs and expectations.
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. That way, you can compare it to your cash offer. HomeLight can connect you with a top-performing agent in the Jackson 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 Jackson home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to make near-instant, all-cash offers close to market value for homes in good condition. This iBuyer process is fast, wrapping up in days to a couple of weeks, though it often includes a service fee of 5%–6%. Companies like Opendoor and Offerpad are prominent players in this space. This route is ideal for sellers with properties in good condition that are located in areas with uniform housing.
Listing with an agent
Working with an agent may seem counterintuitive when seeking speed, yet in seller-friendly markets, this route can expedite sales, especially with strategic pricing and marketing. Agents can also provide a comparative market analysis (CMA), often for free, to help price your home accurately. This tool, alongside an agent’s network, might even secure a quick, near-market value cash offer. For those considering this option, HomeLight can connect you with top agents in your area, ensuring a thorough exploration of your selling options.
FAQs on Jackson house-buying companies
By and large, most We Buy Houses for Cash companies in Jackson 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 lookout 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 Jackson 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 Jackson Queen Anne could sell for $150,000 after repairs, but it’s going to need $30,000 of work to get there.
($150,000 x .70) – $30,000 = $75,000
In this example, a Jackson We Buy Houses company might offer you around $75,000 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 Jackson We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On 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.
- Research and vet the house-buying companies that serve the Jackson area. Our list above is a good place to start.
- Submit offer requests to a few of the companies you like best.
- Schedule any required on-site property visits.
- Compare offers. Weigh the pros and cons and choose the best option for you.
- 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 Jackson vs. top Jackson 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 Jackson | Sell with a top Realtor in Jackson |
| Selling timeline | 7 to 30 days | 99 days average; 55 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 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 for Cash company and an agent-assisted sale.
Let’s say your home in Jackson is currently worth about $100,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $125,000.
| Sell to a We Buy Houses for Cash company in Jackson | Sell with a top Realtor in Jackson | |
| Estimated sale price | ($125,000 x .70) – $25,000 = $62,500 | $100,000 |
| Market preparations | 0 | $1,000 (1% of sale price) |
| Agent commissions | 0 | $5,800 (5.8% of sale price) |
| Closing costs | 0 | $1,500 (1.5%) |
| Estimated take-home for seller | $62,500 | $91,700 |
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 house-buying company in Jackson means a fast transaction, often completed in days.
- You can sell your home in its current condition, avoiding the cost and time of repairs.
- Be prepared to receive offers that are below market value, which is a trade-off for convenience. It’s a good idea to know your home’s value before you commit.
- Research and vet cash buyers to avoid scams and ensure you’re getting a fair deal.
- HomeLight’s Simple Sale platform provides all-cash offers for homes in any condition, connecting you to a range of investors, making it a perfect initial step for sellers weighing their options.
- Exploring alternatives like iBuyers and real estate agents can provide a broader perspective on selling your home.
Sellers considering a Jackson “We Buy Houses” company are encouraged to gather multiple offers and take the time to carefully weigh their options before making a final decision.
Consulting with a top Jackson agent can offer expert insights into how soon, and for how much, your property might sell on the open market. If you’re looking for assistance with your real estate needs, let HomeLight help guide you through the process, ensuring you make the best decision for your specific situation.
Header Image Source: (Unsplash/Robin Jonathan Deutsch)
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