6 Top We Buy Houses for Cash Companies in Las Vegas
- Published on
- 14 min read
-
Richard Haddad Executive EditorClose
Richard Haddad Executive EditorRichard Haddad is the executive editor of HomeLight.com. He works with an experienced content team that oversees the company’s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.
As a homeowner in Las Vegas, you may be facing a life change and need to sell your house fast. You might have come across some enticing signs or ads that proclaim, “We Buy Houses in Las Vegas.” These companies make all-cash offers, often for homes that need some work.
For sellers like you, who may not have the time, expertise, or funds to dive into home repairs, these cash offers can seem like a lifeline. With a quick sale and the ability to move on with your life plans, it’s certainly a tempting option in urgent or unexpected situations.
However, before contacting a We Buy Houses company, it’s important to know what to expect. This post will shed light on the process, and the pros and cons of working with Cash-For-Homes companies in Las Vegas, helping you make an informed decision.
Sell Your House Fast in Las Vegas With a Cash Offer
Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses. Available to sellers throughout Las Vegas.
Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Las Vegas area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Las Vegas
Navigating the world of house-buying companies in Las Vegas may initially seem daunting. But it’s typically a straightforward process. Here’s a quick overview to help you understand the key steps involved when selling your home to a Las Vegas We Buy Houses company.
- Initial contact: Reach out to the company with details about your property. This is often done through an online form or a phone call.
- Property assessment: The company will assess your home’s value, often through an in-person visit, to determine the potential offer.
- Receive an offer: Based on the assessment, you’ll be presented with an all-cash offer. It’s up to you to review and decide if it meets your needs.
- Accept or reject the offer: If you’re satisfied with the offer, you can accept it. Otherwise, you’re under no obligation. There’s also wisdom in comparing offers from several cash-offer companies in Las Vegas.
- Close the deal and move on: If you accept the offer, a closing date is set. This process can be swift, often within a week or two. Upon closing, you receive the cash amount agreed upon, allowing you to move forward with your next life chapter.
Popular We Buy Houses for Cash companies in Las Vegas
If the process of selling to a house-buying company in Las Vegas 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 Southwestern home or your parents’ Tuscan house. By selling to one of these companies, you should be able to sell your Las Vegas home in as little as a week or two.
We Buy Any Vegas House
We Buy Any Vegas House is a leading locally-owned home cash buyer. The company’s credibility stems from its commitment to seamless transactions. Cash offers are presented without contingencies, appraisals, or traditional inspections, ensuring a smooth process and fast closing. Clients typically receive their cash within seven days, making it an ideal choice for sellers seeking swift resolutions. We Buy Any Vegas House accommodates diverse conditions, even properties with water damage or foundation issues.
Locations: Throughout Las Vegas, Nevada.
Closing costs: Sellers pay no closing costs; We Buy Any Vegas House covers them.
We Buy Any Vegas House garners praise for easy and profitable transactions. Clients highlight fair offers and swift closings. Exceptional communication from the team eases selling stress. The staff’s professionalism, kindness, and support during difficult circumstances are praised. Clients also mention how their assistance makes the process painless, while continuously impressing with a seamless handling of the sale. We Buy Any Vegas House is BBB accredited with an A+ rating. The company holds a 4.9-star Google rating with over 130 reviews.
Website: webuyanyvegashouse.com
Phone number: 702-213-9800
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Las Vegas (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 Las Vegas.
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 Las Vegas, Nevada.
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 number: 844-488-8455
Priority Home Buyers
Established in Las Vegas over 15 years ago, Priority Home Buyers has built a reputation for prompt and competitive home offers. Having successfully served countless homeowners, they’ve garnered expertise in navigating diverse real estate situations. With a swift cash-based closing averaging just seven days, they prioritize win-win outcomes and maintain a network of reliable local investors. Transparency, integrity, and respect define their ethos. Notably, they purchase homes with tenants, offering unique solutions.
Locations: Nationwide, including Las Vegas, Nevada.
Closing costs: Sellers pay no closing costs; Priority Home Buyers covers them.
Priority Home Buyers in Las Vegas receives rave reviews for its service. Clients appreciate the real estate team’s exceptional knowledge, integrity, and trustworthiness during the sale process. Their reasonable offers and competent crew stand out. Reviewers praise the staff’s professionalism and quick, easy transactions. Priority Home Buyers is BBB accredited with an A- BBB rating. The company holds a 4.9-star Google rating.
Website: priorityhomebuyers.com
Phone number: 877-399-1777
Gr8housebuyers
Gr8housebuyers stands as a distinguished family-owned house-buying company with over 15 years of experience. Founded in Las Vegas, they set themselves apart with patient, compassionate service and competitive home offers. The staff strives to provide multiple buying solutions and prioritize win-win transactions — from houses with tenants to properties in any condition. Gr8housebuyers offers transparency, reliability, and rapid offers, often within 24 hours, making them a trusted local choice.
Locations: Throughout Nevada, including Las Vegas.
Closing costs: Sellers pay no closing costs; Gr8housebuyers covers them.
Gr8housebuyers impresses clients with their exceptional service. Anthony and his team deliver smooth sales transactions, exceeding expectations. The team’s kindness and professionalism stand out, debunking doubts about Cash-For-Home companies. Flexibility, knowledge, and a familial culture make this team unique. They fulfill promises, provide fair offers, and ensure timely processes. Gr8housebuyers, BBB-accredited with an A+ rating, maintains a 4.9-star Google review rating. Their professionalism, kindness, and efficient selling process earn them clients’ appreciation and genuine gratitude.
Website:
Phone number: 702-291-7577
Alex Buys Vegas Houses
Alex Buys Vegas Houses provides fast, fair cash offers that carry no contingencies. Focused on helping Vegas residents, the company invests in real estate across the city, providing relief to homeowners in need. While profit is a consideration, their primary goal remains to assist homeowners. The company takes on risks and challenges associated with property ownership, including repairs and tenant issues. Their no-obligation offers provide solutions for Vegas homeowners facing diverse circumstances.
Locations: Throughout Nevada, including Las Vegas.
Closing costs: Sellers pay no closing costs; Alex Buys Vegas Houses covers them.
Alex Buys Vegas Houses receives a mix of positive and cautious reviews. The team, led by Greg and Cam, is praised for exceptional service and swift processes. They handle credit repair, notaries, and moving companies, impressing clients with their down-to-earth nature. Quick sales under time constraints earn their clients’ appreciation. Some note exemplary integrity in difficult sales, calling them “lifesavers” and a “phenomenal company.” However, one reviewer faced disappointment when a sale fell through. Others, who were not customers, posted concerns about unwanted mail. Despite mixed reviews, Alex Buys Vegas Houses is BBB accredited with an overall A+ rating and maintains a 4.5-star on Google reviews.
Website: alexbuysvegashouses.com
Phone number: 702-793-2582
Fast Ready Offer
Fast Ready Offers stands out as a family-owned solution for Vegas homeowners seeking a swift resolution to a property challenge. With a focus on fair cash prices, they provide an efficient alternative for selling unwanted or problematic houses. Backed by a team of seasoned real estate experts with over 20 years of experience, Taylor and Joe founded the company to offer assistance without the hassles of negotiation. They’ve earned trust as partners for fair and speedy transactions since their inception in 2019.
Locations: Throughout Nevada, including Las Vegas. (Also select cities in Ohio and Arizona.)
Closing costs: Sellers pay no closing costs; Fast Ready Offer covers them.
Fast Ready Offer receives high praise for its exceptional service. Clients laud the smooth process and quick closing, obtaining cash within 30 days or less. The staff’s friendliness and efficiency shine through, providing stress-free experiences for Vegas area home sellers. Despite a small number of reviews, the company boasts a perfect 5.0-star Google rating. Fast Ready Offer holds an A+ BBB rating and has been in business for 18 years.
Website: fastreadyoffer.com
Phone number: 725-210-6339
Why sell your Las Vegas house for cash?
There are plenty of valid reasons a Las Vegas home seller may choose to work with a Cash-For-Homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Las Vegas, it typically takes around 78 days to sell a home on the market using an agent. That includes an average of 35 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 Las Vegas, and it’s clear why these We Buy Houses 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 selling your Las Vegas home to a house-buying company could be a fitting solution:
- Repair-heavy property: Your Las Vegas home requires substantial repairs, such as HVAC issues or foundation damage, which you can’t or don’t want to address.
- Urgent sale required: Due to unexpected life events like a job loss or transfer, health issue, or personal crisis, you need to relocate or liquidate assets quickly.
- Lack of funds for upgrades: You know your house is outdated, but you don’t have the capital or interest to modernize before selling.
- Avoid traditional selling stress: The thought of continuously prepping for showings, haggling over prices, or navigating the maze of paperwork feels overwhelming.
- Seeking discreet sale: For personal reasons, you prefer an off-market, quiet sale that doesn’t advertise your business to neighbors or the broader Las Vegas community.
- Impending foreclosure: You’re on the brink of foreclosure and wish to sell your property fast to resolve debt and protect your credit score.
- Inherited property: You’ve recently inherited a home in Las Vegas, but have no intention to live in or maintain it.
- Landlord fatigue: As a landlord, you’re tired of managing your Las Vegas rental or dealing with challenging tenants, and you’re ready to exit the game.
- Elderly transition: Age or health concerns are prompting a move to assisted living or a relative’s home, and a rapid home sale can ease the transition.
- Out-of-state owner: You own a property in Las Vegas but live elsewhere, making the logistics of a traditional sale daunting and cumbersome.
If any of these situations resonate with you, considering a We Buy Houses for Cash company might just be your answer. Yet, it’s merely a first step. Fully understanding your options, including the upsides and downsides of such a sale, is crucial.
Pros and cons of house-buying companies in Las Vegas
Choosing a house-buying company in Las Vegas brings with it a unique set of advantages and challenges. Let’s explore both sides to help you make an informed decision.
The Pros
House-buying companies in Las Vegas stand out for their ability to offer rapid sales and a willingness to buy homes no matter their current state. Let’s zoom into the key benefits:
- Quick sale: Transactions often close within days or weeks, rather than the months a traditional sale might take.
- No repairs needed: Sell your home as-is, bypassing costly repairs, renovations, or staging efforts.
- Simplified process: Fewer hoops to jump through means less paperwork and no showings or open houses.
- Guaranteed offer: Unlike the uncertainty of the open market, these companies provide a definite offer once they decide to buy.
- Immediate cash: Ideal for those needing urgent funds, these companies provide almost instant financial relief by offering quick cash sales.
The Cons
It’s essential to realize that the convenience of house-buying companies comes at a price. One notable drawback is that you will likely not get the full market value of your Las Vegas property. Let’s delve into the potential downsides:
- Lower offers: These companies aim to profit by reselling. Expect offers below market value to accommodate their margins.
- Lack of competition: Unlike listing on the Las Vegas open market, where multiple buyers can compete for your home, We Buy Houses companies generally provide a single take-it-or-leave-it cash offer.
- Hidden fees: Some companies might surprise sellers with hidden costs or fees, diminishing your overall return.
- You may feel pressured: Some outfits may prey on your urgent situation, leading to pressure tactics or unfavorable deals.
- Potential for scams: Not all house-buying entities are legitimate, and there’s a risk of falling prey to unscrupulous players. It’s important to thoroughly vet the company before you contact them for an 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
Not all house-buying companies are created equal. The quality of service and integrity you encounter will largely depend on the character of the individual or group behind the offer.
Before saying “yes” to any cash proposition, take the time to thoroughly vet the company. Dive into online reviews, pore over testimonials, and get a grasp of their presence and track record in the Las Vegas market. And never underestimate the importance of carefully reading the buying agreement.
HomeLight suggests you consult with an experienced Las Vegas 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 local 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 Las Vegas home quickly
iBuyers
Instant buyers, known as iBuyers, use automated valuation models to offer a streamlined, mostly online home sale experience. They provide near-instant cash offers, generally closer to market value, for well-maintained homes. The entire process, from offer to closure, is rapid — often within two weeks.
However, national iBuyers like Opendoor and Offerpad typically charge service fees of 5%-6%. These services are optimal for those with standardized housing in good condition.
Listing with an Agent
While many aim for a swift sale, considering traditional real estate agents might still be beneficial. In favorable markets, a top agent can expedite sales through strategic pricing and effective marketing. Selling traditionally often secures higher prices; top Las Vegas agents, according to HomeLight data, can fetch up to 10% more than average agents.
Seasoned agents also offer valuable insights through a comparative market analysis (CMA) — a comprehensive report comparing your home to recently sold, similar properties. This can guide listing prices and speed of sale predictions. Many agents provide a CMA for free.
Locally-connected agents may also have cash-ready buyers up their sleeves. Even if you lean toward a house-buying company, consulting an agent ensures you’ve explored all avenues. If interested, HomeLight can link you with a premier agent in Las Vegas.
FAQs on Las Vegas house-buying companies
By and large, most We Buy Houses for Cash companies in Las Vegas 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 Las Vegas 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 Las Vegas Tuscan home could sell for $450,000 after repairs, but it’s going to need $30,000 of work to get there.
($450,000 x .70) – $30,000 = $285,000
In this example, a Las Vegas We Buy Houses company might offer you around $285,000 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 85%-95% of market value while charging a fee for their services.
When you accept an offer from a Las Vegas 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.
- Research and vet the house-buying companies that serve your Las Vegas 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 Las Vegas vs. top Las Vegas 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 Las Vegas | Sell with a top Realtor in Las Vegas |
| Selling timeline | 7 to 30 days | 78 days average; 35 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 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 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 Las Vegas is currently worth about $420,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $450,000.
| Sell to a We Buy Houses for Cash company in Las Vegas | Sell with a top Realtor in Las Vegas | |
| Estimated sale price | ($450,000 x .70) – $30,000 = $285,000 | $420,000 |
| Market preparations | 0 | $4,200 (1% of sale price) |
| Agent commissions | 0 | $12,600 (3%* of sale price) |
| Closing costs | 0 | $6,300 (1.5%) |
| Estimated take-home for seller | $285,000 | $396,900 |
As this example illustrates, financially, it’s usually in your best interest to partner with an experienced real estate agent.
Agent commission changes
*On March 15, 2024, the National Association of Realtors (NAR) announced a landmark lawsuit settlement that will change the way real estate agent commissions are handled in the future. These changes will “decouple” seller and buyer agent compensation. Industry experts predict that this decoupling will likely lower agent fees and give buyers the ability to negotiate commission amounts directly. Learn more.
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
- Speed is the big draw: We Buy Houses for Cash companies in Las Vegas can offer a rapid sale, making it ideal for those in urgent situations.
- No need for repairs: These companies typically purchase homes as-is, saving you the hassle and expense of fixing up your property.
- Offers may be below market value: You will receive less than what you’d get selling traditionally through a top real estate agent in Las Vegas.
- Always vet your cash buyer: Research reviews, testimonials, and their market presence to ensure you’re working with a reputable company.
- Understand your contract: Before agreeing to any deal, read the buying agreement in detail to avoid unforeseen complications.
- Other options are available: Don’t forget to consider iBuyers and traditional agents as potential avenues for selling your home swiftly.
- Know your home’s worth: Always be aware of your property’s estimated market value.
For those considering the Cash-For-Homes route in Las Vegas, it’s wise to collect several offers and thoroughly evaluate your options. Taking a moment to consult with a top Las Vegas agent can grant you expert insights on the potential speed and value of your market sale.
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 guidance from a top Las Vegas agent.
Header Image Source: (trekandshoot/ Depositphotos)
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
