We Buy Houses Levittown: Top 5 Companies
- Published on
- 15 min read
- Joseph Gordon EditorCloseJoseph Gordon Editor
Joseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
If you’re a Levittown homeowner who needs to sell your home immediately, “We Buy Houses” companies might be a solution worth considering. These companies make all-cash offers, often targeting homes that could use some extensive repairs.
Whether you’re short on time, lack the expertise, or simply don’t have the money for repairs, these companies offer a quick way to sell your home, usually in a matter of days.
In this post, we’ll dive into the pros and cons of opting for a house-buying company, helping you weigh your options effectively to decide if this route aligns with your current needs and goals. We will also explore some alternatives and show you how the process works.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Levittown area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Levittown
Considering a quick sale of your Levittown home? Working with a “We Buy Houses” company can be straightforward and fast. Here’s a look at how the process works, step by step:
1. Research local companies: Start by looking up cash-for-homes companies that operate in Levittown. Check their reputations through reviews and business accreditation sites to ensure they are credible.
2. Contact the company: Reach out to the chosen company either online or by phone to initiate the sale process. They will likely ask for basic information about your property to proceed.
3. Schedule a home visit: Allow the company to inspect your property. This visit is to assess the house’s condition and determine an offer, not to request repairs or improvements.
4. Receive an offer: After the inspection, the company will typically make an all-cash offer. These offers are usually non-negotiable and provided quickly.
5. Accept the offer: If the offer meets your expectations, you can accept it. This step involves signing any necessary paperwork to agree on the sale terms.
6. Close the sale: The final step is closing the sale, which can often be completed in a matter of days. The company handles most, if not all, of the closing formalities, allowing you to receive cash swiftly.
Popular We Buy Houses for Cash companies in Levittown
If the process of selling to a house-buying company in Levittown 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’ Colonial and Cape Cod-style homes. By selling to one of these companies, you should be able to sell your Levittown home in as little as a week or two.
We Buy Houses
We Buy Houses is a national company with a presence in Bucks County, Pennsylvania. The company is currently purchasing homes in Quakertown, Doylestown, Perkasie, and throughout Bucks County.
Locations: Nationwide, including Levittown
Closing costs: Sellers pay no closing costs; We Buy Houses covers them.
A client’s testimonial on the We Buy Houses site highlights their quick service: they contacted them, were visited the same day, got a fair offer, and closed the deal within 2 weeks. We Buy Houses, Bucks County has a 3.0 Google star rating based on 2 reviews.
Website: webuyhouses.com/profile/Bucks_County
Phone number: 215-458-5600
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Levittown (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 Levittown.
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 Levittown
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
Pezon Properties, Levittown
Pezon Properties, a local family-owned home-buying business in the Lehigh Valley, invests in the community to enhance the living environment. It has been purchasing homes since 2014. The company can make a cash offer within 24 hours.
Locations: Serves Pennsylvania, including Levittown
Closing costs: Sellers pay no closing costs; Pezon Properties covers them.
Pezon Properties has a 5.0 Google star rating based on more than 30 reviews. One client was pleased, as it purchased their friend’s house for cash and closed quickly. The house had tenants who left the property in bad shape, but Pezon Properties handled the tenants and their belongings, making the process seamless.
Website: pezonproperties.com/we-buy-houses-levittown-pa
Phone number: 215-398-1221
Problem Property Pals
Problem Property Pals, a trusted house-buying company with locations in Pennsylvania and Florida, has closed hundreds of real estate transactions since 2017. They’ll schedule a time to view your property either in person or online. If you accept their cash offer, they’ll arrange a closing date that fits your schedule.
Locations: Throughout Florida, New Jersey and Pennsylvania, including Levittown
Closing costs: Sellers pay no closing costs; Problem Property Pals covers them.
Problem Property Pals has been BBB accredited since 2018 and holds an A+ rating. Problem Property Pals has a 4.1-star rating on Google from over 90 reviews. One client found the process straightforward: the team assessed the house, made an offer, and quickly closed the sale in under 60 days.
Website: problempropertypals.com
Phone number: 267-244-9163
Philly Home Investor
Philly Home Investor, a trusted family-run company with over 10 years of experience in the Philadelphia region, is led by David Bokman, President/Owner. Simply fill out the form or give them a call. Once your details are received, your house will be promptly evaluated and an offer made.
Locations: Serves the entire Philadelphia region as well as the neighboring counties of Delaware, Chester, Montgomery, South Jersey, and Bucks, including Levittown
Closing costs: Sellers pay no closing costs; Philly Home Investor covers them.
Philly Home Investor holds a 4.6-star rating on Google from over 60 reviews. According to a client, they offer excellent service, with quick responses and fair offers, and they actively assist in the selling process.
Website: phillyhomeinvestor.com/sell-my-house-fast-levittown
Phone number: 215-422-3288
Why sell your Levittown house for cash?
Selling your home for cash isn’t for everyone, but for homeowners that need to move their property quickly, it’s often the right option. Selling a home through the traditional open market can often take several weeks, compared to a We Buy Houses company, which usually only takes a few days.
In Levittown, it typically takes around 62 days to sell a home on the market using an agent. That includes an average of 20 days on the market plus the typical 42 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 Levittown, 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.
Below are common situations where choosing a cash buyer might fit your needs perfectly.
- Job relocation: You need to move quickly for a new job and don’t have time for a traditional sale process.
- Divorce: Liquidating shared assets swiftly is necessary during a divorce, making a quick cash sale beneficial.
- Inherited property: You’ve inherited a property and prefer a quick, hassle-free way to dispose of it.
- Downsizing: You’re looking to downsize and need to sell your current home quickly to move into a more suitable space.
- Major repairs: Your home requires extensive repairs you cannot afford or manage, making a cash sale appealing.
- Avoiding open houses: You prefer not to deal with the stress and invasion of privacy that comes with open houses.
- Foundation issues: Selling a property with foundational problems quickly avoids the potential for future complications.
- Foreclosure threat: You are facing foreclosure and want to resolve the situation before it worsens.
- Problematic tenants: You’re a landlord dealing with difficult tenants and prefer to sell rather than continue managing the property.
- Selling from out of state: Managing a sale from afar is challenging, and a quick cash sale simplifies the process.
Pros and cons of house-buying companies in Levittown
The primary advantages of selling your home to a cash buyer in Levittown are the speed of the transaction and the ability to sell your home as-is, without worrying about repairs or staging.
- Quick sale: A house-buying company can close on your property quickly, often within a few weeks, which is ideal for urgent situations.
- No repairs needed: Sell your house in any condition without the cost or hassle of making repairs.
- No real estate commissions: Avoid paying agent commissions, which can save you a significant amount of money.
- Simple process: The selling process is straightforward, with fewer steps and less
While there are benefits, the most significant downside is receiving an offer below market value for your home. This can majorly impact the total amount you walk away with compared to a traditional sale.
- Lower offers: Expect offers that are below the current market value of your home, as these companies aim to profit from the eventual resale.
- Potential for scams: It’s crucial to vet the company thoroughly to avoid falling victim to scams.
- Less competition: Unlike listing on the market, you won’t have multiple buyers competing, which can drive up the price.
- Limited negotiation: Offers from house-buying companies are typically non-negotiable, giving you less control over the sale price.
Vet cash buyers and know your home’s worth
When considering a cash offer from a “We Buy Houses for Cash” company in Levittown, it’s essential to ensure you’re dealing with a reputable buyer. The integrity and service level you receive can significantly vary depending on the buyer’s character.
- Research the company: Check reviews and testimonials to gauge the company’s reputation and the experiences of other sellers.
- Verify market presence: Look into how long the company has been operating in Levittown and their track record in the market.
- Understand the offer: Ensure you comprehend all details of the cash offer and what it entails for your property.
- Review the agreement: Read the buying agreement carefully before signing to avoid any future surprises or misunderstandings.
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 Levittown home quickly
iBuyers
iBuyers, or instant buyers, are a subset of the Cash-For-Homes industry known for leveraging automated valuation models (AVMs). These models use historical and current market data to deliver near-instant home value estimates, resulting in a user-friendly, mostly online home sale experience. Established in the mid-2010s, iBuyers are now widespread and specialize in providing all-cash offers, typically closer to market value, for homes in better condition. The process from offer to closing is quick, ranging from a few days to two weeks.
However, it’s important to remember that iBuyers like Opendoor and Offerpad often charge service fees of 5%-6%. They suit sellers who live in regions with homogeneous housing and whose properties are in relatively good condition.
Listing with an agent
It might be surprising to see this agent option included in our story about Cash-For-Homes businesses. Most homeowners seeking information about house-buying companies want to sell a home quickly, not in 62 days. But it’s wise to consider all your options.
If your home is in a seller-friendly housing market, listing your property with a top real estate agent can result in a fast sale, especially if the house is strategically priced and superbly marketed.
Depending on the property and local market conditions, using an agent could pay off. Selling on the market typically yields the highest selling price, even more so if you partner with a proven professional. HomeLight’s internal real estate transaction data shows that the top 5% of agents sell homes for up to 10% more than average agents.
You’ll get a CMA: Another significant benefit of consulting with a trusted agent is the insight they can provide through a comparative market analysis (CMA). This is a market report that real estate agents provide to home sellers that acts as a tool to calculate the value of a home. The CMA evaluates a home’s size, features, location, age, and other details in relation to similar properties that have recently sold in the area. A CMA can help you determine an appropriate listing price, which can help estimate how quickly it might sell. Many agents will provide a CMA for free.
In addition, an experienced agent who knows your market may even be able to connect you with buyers who are willing to provide you with a cash offer that’s closer to your home’s market value. If, in the end, you decide to sell to a house-buying company, you can proceed with more confidence, knowing you fully examined your options and made a sound financial decision.
If you are interested in exploring the agent option, HomeLight can connect you with a top-performing real estate agent in your area today.
FAQs on Levittown house-buying companies
By and large, most We Buy Houses for Cash companies in Levittown 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 Levittown 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 Levittown Colonial could sell for $375,000 after repairs, but it will need $30,000 of work to get there.
($375,000 x .70) – $30,000 = $232,500
In this example, a Levittown We Buy Houses company might offer you around $232,500 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.
When you accept an offer from a Levittown 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 Levittown 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 Levittown vs. top Levittown 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 Levittown | Sell with a top Realtor in Levittown |
Selling timeline | 7 to 30 days | 62 days average; 20 to attract an offer, 42 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 Levittown is worth about $375,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $400,000.
Sell to a We Buy Houses for Cash company in Levittown | Sell with a top Realtor in Levittown | |
Estimated sale price | ($400,000 x .70) – $25,000 = $255,000 | $375,000 |
Market preparations | 0 | $3,750 (1% of sale price) |
Agent commissions | 0 | $21,750 (5.8% of sale price) |
Closing costs | 0 | $5,625 (1.5%) |
Estimated take-home for seller | $255,000 | $343,875 |
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
- Speed and convenience: Selling your home to a house-buying company in Levittown offers a fast and hassle-free process.
- As-is sale: You can sell your home as it is, without any need for repairs or renovations.
- Below market offers: Be prepared to receive offers that are below the market value of your home.
- Research is crucial: Thoroughly vet any house-buying company before proceeding with the sale to avoid potential scams.
- 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 Levittown agent.
Header Image Source: (egorshitikov/ Pixabay)