5 Top We Buy Houses for Cash Companies in Long Beach
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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 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.
Sell Your Long Beach House Fast With a Cash Offer
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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.
Ready Eddy Cash Offer has been accredited by the Better Business Bureau (BBB) since 2023 and holds an A+ rating. The company also has a 5.0 Google star rating. One customer shared that after contacting several local home-buying companies, they found Ready Eddy Cash Offer to be the highest offer for their property and closed the deal within two weeks.
Website: readyeddycashoffer.com
Phone number: 213-645-2029
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.
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
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.
Premier Property Buyers has been BBB-accredited since 2018 and boasts an A+ rating. The company also holds a 5.0 Google star rating. Premier Property Buyers’ customers appreciate the hassle-free process and quick closings. Reviewers mention Eric’s friendly demeanor, professionalism, and attention to detail. “He was kind, knowledgable, and most of all patient while we worked our way through probate,” wrote one former client.
Website: premierpropertybuyers.com
Phone number: 714-475-7526
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.
Tarek Buys Houses has been BBB-accredited since 2021 and holds an A+ rating. The company also has a 4.6 Google star rating. Clients say that the team at Tarek Buys Houses kept them informed, were upfront about their offers, and made sure the process ran smoothly. One reviewer wrote that the company was “very accommodating when we needed to delay closing.”
Website: tarekbuyshouses.com
Phone number: 866-419-4117
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.
John Medina Buys Houses has been BBB-accredited since 2015 and holds an A+ rating. One reviewer wrote that the company “took a very stressful situation and turned it into a stress-free sale.” Other clients report that the employees are easy to work with, friendly, understanding, and professional. The company also boasts a 4.6 Google star rating.
Website: johnmedinabuyshouses.com
Phone number: 310-928-9688
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?
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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
By and large, most We Buy Houses for Cash companies in Long Beach 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 Long Beach 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 Craftsman bungalow could sell for $800,000 after repairs, but it’s going to need $40,000 of work to get there.
($800,000 x .70) – $40,000 = $520,000
In this example, a Long Beach We Buy Houses company might offer you around $520,000 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 Long Beach 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.
1. Research and vet the house-buying companies that serve your Long Beach 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 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.
Header Image Source: (Daniel Stiel/ Unsplash)
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