5 Top We Buy Houses for Cash Companies in Long Beach

If you’re a homeowner in Long Beach and need to sell your house quickly, selling to a “We Buy Houses” company can provide a quick exit. Maybe you don’t have the time or money to fix up your place, or maybe you need to move within a month to start a new job in a different state. Whatever the reason, “We Buy Houses” companies offer a hassle-free way to get cash fast and move on with your plans.

This article will help you weigh the pros and cons of selling your Long Beach home to one of these companies. We’ll also provide you with a list of some of the most reputable cash home buyers serving the Long Beach market. By the end, you’ll have the knowledge you need to make an informed decision based on your situation and selling goals.

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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 Long Beach area “We Buy Houses” companies should not be considered an endorsement.

Working with house-buying companies in Long Beach

Selling your home to a Long Beach house-buying company is a fairly straightforward process. Here’s what you can expect:

1. Find a company: Research and identify reputable house-buying companies in Long Beach. Look for ones with positive reviews and a solid track record.

2. Request an offer: Contact the company to request an offer for your home. This usually involves providing details about your property online or over the phone.

3. Home evaluation: The company may conduct an in-person evaluation of your home to assess its condition and determine an offer.

4. Receive an offer: After evaluating your home, the company will present you with a no-obligation, all-cash offer. Remember, this offer is typically non-negotiable.

5. Accept the offer: If you decide the offer meets your needs, you can accept it to move forward with the sale.

6. Close the sale: Closing is often quick with cash-for-homes companies, sometimes in as little as a week, after which you’ll receive your cash. Many companies will pay your closing costs and let you choose a move-out date.

Popular We Buy Houses for Cash companies in Long Beach

Intrigued by the idea of a quick cash sale for your house? Finding the right, trustworthy company is the next step.

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

Ready Eddy Cash Offer

Eddy Caballero, the founder of Ready Eddy Cash Offer, has over a decade of experience in cash home buying. He’s bilingual in Spanish and English and passionate about educating and empowering homeowners. To get started, fill out the online form or give them a call or text.

Ready Eddy will conduct a walkthrough of your home to evaluate its condition and provide you with a no-obligation cash offer in as little as 24 hours. If you accept the offer, you can close in about a week.

Locations: Los Angeles County, including Long Beach

Closing costs: Sellers pay no closing costs; Ready Eddy Cash Offer covers them.

Simple Sale (a HomeLight platform)

Simple Sale, a solution from HomeLight, is an online platform where sellers in Long Beach (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 US. 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 Long Beach and Los Angeles County.

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 Long Beach

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.

Premier Property Buyers

Premier Property Buyers, owned by Eric and Jackie Nerhood, is based in Seal Beach, California. Eric, a real estate appraiser since 2003 and a licensed real estate agent, ensures top-notch service. To secure a cash offer, fill out the online form or give Premier Property Buyers a call. After completing an in-person walkthrough of the property, they’ll give you a no-obligation, all-cash offer. Sellers don’t pay any closing costs and can choose the closing date.

Locations: Southern California, including Long Beach

Closing costs: Sellers pay no closing costs; Premier Property Buyers covers them.

Tarek Buys Houses

Tarek Buys Houses, led by HGTV’s Tarek El Moussa, helps homeowners in tough situations sell their homes fast and for cash. They buy any house, single-family or multi-family, in any condition, and can close in as little as seven days. Receive an all-cash offer within 24 hours and avoid paying closing costs on your Long Beach home.

Locations: Orange County and Los Angeles County, including Long Beach

Closing costs: Sellers pay no closing costs; Tarek Buys Houses covers them.

John Medina Buys Houses

John Medina Buys Houses is a local and family-owned home-buying investment company. John has over 10 years of experience in the house-buying business and has flipped more than 100 houses throughout Southern California. Homeowners can secure a no-obligation, all-cash offer within 24 hours, and choose their closing date.

Locations: Orange County and Los Angeles County, including Long Beach

Closing costs: Sellers pay no closing costs; John Medina Buys Houses covers them.

Why sell your Long Beach house for cash?

Selling your Long Beach home for cash can be a smart solution when life throws you a curveball, or you need a fast, hassle-free way to move on. Instead of the long and sometimes stressful process of a traditional sale, house-buying companies offer a simpler way to sell.

Let’s explore some common situations where this might be the best option for you:

  • Job relocation: When you’re moving for a new job opportunity and need to sell quickly without the hassle.
  • Divorce: Simplifying the division of assets during a divorce by quickly liquidating shared property.
  • Inherited property: When you inherit a property you’re not prepared to maintain or manage.
  • Downsizing: Ideal for those looking to move into a smaller, more manageable home due to retirement or lifestyle changes.
  • Major repairs needed: If your home requires significant repairs you cannot afford or wish to manage.
  • Avoiding open houses: For sellers who prefer not to deal with the disruptions of open houses.
  • Foundation issues: When facing costly foundation repairs that are too overwhelming to properly address.
  • Foreclosure: If you’re facing foreclosure and looking for a quick way to sell and settle debts.
  • Problem tenants: For landlords who want to sell a property burdened by difficult tenants.
  • Selling from out of state: Ideal for those who need to sell a Long Beach property from afar.

Selling your home for cash to a house-buying company in Long Beach could be the solution you’re looking for, especially in these scenarios. However, it’s important to consider this as just one option among many.

Pros and cons of house-buying companies in Long Beach

Selling your Long Beach home to a house-buying company can be a tempting option, offering a quick sale and the convenience of selling your home “as-is.” However, it’s important to weigh both the advantages and disadvantages before coming to a decision.

Pros

  • Speed of sale: The process can be significantly faster than traditional real estate sales, often closing in a matter of days or weeks.
  • No repairs needed: Companies buy homes in any condition, allowing you to skip the hassle and expense of making repairs.
  • Simplicity: The selling process is straightforward, with fewer steps and less paperwork than traditional sales.
  • No contingencies: Offers are often made without contingencies, which can simplify and speed up the transaction.

Cons

  • Below market value: Offers from these companies are typically lower than what you might achieve on the open market.
  • Limited negotiation: The offers are often take-it-or-leave-it, leaving little room for negotiation.
  • Risk of scams: While many companies are reputable, there’s a risk of falling victim to scams.
  • Loss of potential profit: Selling for speed and convenience can mean missing out on higher offers that might come from listing your home on the open market and attracting multiple bids.

Ultimately, the decision to sell to a house-buying company depends on your priorities. If speed and convenience are paramount, it might be the right option. However, if maximizing profit is your main goal, exploring other avenues, like working with a real estate agent, might be more suitable.

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 We Buy Houses for Cash company in Long Beach, it’s important to remember that your experience can vary based on the integrity and service level of the company or individual making the offer. The character of the person or group you’re dealing with will significantly influence the fairness and smoothness of the transaction.

Before you commit to any cash offer, take the time to thoroughly vet the company. Check online reviews, read through testimonials, and research its market presence and performance in Long Beach. This due diligence ensures you’re working with a reputable buyer. Additionally, carefully read the buying agreement before signing anything. This ensures the deal aligns perfectly with your expectations and avoids any surprises down the road.

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 Long Beach home quickly

iBuyers

iBuyers, or instant buyers, use automated valuation models (AVMs) to quickly offer near-market value cash offers for homes in good condition. This process is fast, from offer to closing in days to a couple of weeks. Opendoor and Offerpad are some of the major players in this industry, charging service fees of 5%–6%. The iBuyer route is best suited for sellers with well-maintained homes in neighborhoods with similar properties.

Listing with an agent

While selling to a “We Buy Houses” company offers speed, listing your home with a top-performing real estate agent could net you a higher profit, especially in a seller-friendly market like Long Beach.

Agents provide valuable market insights through a comparative market analysis (CMA), usually offered for free, to help set a competitive listing price. HomeLight can connect you with a top agent in your area — it only takes a couple of minutes, and agents don’t pay to be featured. The results are purely based on performance and specialties. A well-connected Long Beach agent could even leverage their network to find you a buyer with a cash offer that’s close to market value.

FAQs on Long Beach house-buying companies

We Buy Houses for Cash in Long Beach vs. top Long Beach 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 explore 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 Long Beach Sell with a top Realtor in Long Beach
Selling timeline 7 to 30 days 72 days average; 25 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 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 Long Beach is currently worth about $770,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $800,000.

Sell to a We Buy Houses for Cash company in Long Beach Sell with a top Realtor in Long Beach
Estimated sale price ($800,000 x .70) – $30,000 = $530,000 $770,000
Market preparations 0 $7,700 (1% of sale price)
Agent commissions 0 $44,660 (5.8% of sale price)
Closing costs 0 $11,550 (1.5%)
Estimated take-home for seller $530,000 $706,090

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 Long Beach home to a cash-for-homes company offers a quick and straightforward process.
  • As-is sale: You can sell your house in its current condition, avoiding the need for repairs or renovations.
  • Market value considerations: Be prepared to receive offers that may be below the market value of your home.
  • Vetting is crucial: Thoroughly research and vet any house-buying company before proceeding with a sale.
  • Explore best options: HomeLight’s Simple Sale platform provides no-obligation, all-cash offers for homes in almost any condition in Long Beach. Because the platform has partner investors with different buying parameters across the region, it can be a great starting point if you aren’t sure who would buy your home.

Don’t rush into selling your Long Beach home without exploring all avenues. Take the time to gather multiple offers and evaluate them carefully. You might also consider meeting with a top Long Beach agent to get a clear picture of your home’s potential on the open market. Whatever you decide, let HomeLight connect you with experienced professionals who can help you achieve your selling goals.

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