5 Top We Buy Houses for Cash Companies in Louisiana
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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.
Selling a home in Louisiana isn’t always about glossy real estate photos and leisurely home tours. For homeowners facing the urgency of a quick sale or a property that needs work, “We Buy Houses” companies have emerged as a potential solution. These firms offer an all-cash lifeline, especially for those who might lack the time, expertise, or funds to handle necessary repairs.
Have you ever wondered if taking a cash offer could be the right move for your Louisiana property? Whether you’re navigating an unexpected life event or just need to move on quickly, these companies can streamline the selling process for you.
In this guide, we’ll review the process and unpack the pros and cons of selling your home for cash, helping you make an informed decision about whether a house-buying company is a good fit for your situation.
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Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Louisiana area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Louisiana
Selling your Louisiana home to a house-buying company might initially seem daunting, but it’s typically a straightforward and smooth process. Here’s an outline to help you understand what to expect when you opt to go this route.
- Research companies: Start by researching various We Buy Houses companies in Louisiana. Read reviews, check their history, and ensure they have a solid reputation.
- Reach out for an offer: Once you’ve selected a company, contact them to get an all-cash offer. Typically, this involves providing details about your property and its current condition.
- Schedule a home inspection: Most companies will want to inspect your property firsthand. This isn’t a traditional home inspection but rather a quick review to confirm the home’s state.
- Review the offer: After the inspection, the company will finalize its cash offer. These are typically a take-it-or-leave-it deal with little to no negotiations.
- Accept or decline: Based on your needs and the terms of the offer, decide whether you’ll accept. If the offer aligns with your expectations, you can move forward.
- Close the sale: The closing process with these companies is usually swift. Once the transaction is finalized, you’ll receive your cash payment.
Popular We Buy Houses for Cash companies in Louisiana
If the process of selling to a house-buying company in Louisiana 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 shotgun house or your parents’ Creole-style home. By selling to one of these companies, you should be able to sell your Louisiana home in as little as a week or two.
Cedar Cash Homebuyers
Cedar Cash Home Buyers is an established Louisiana-based company that specializes in buying houses. Led by CEO Brian Smith, a veteran and real estate expert, the company offers competitive and transparent deals. They educate customers about the selling process, ensuring informed decisions. “We treat each customer as a member of our own family and would always assist anyone with anything within our power,” Smith states on their website.
Locations: Broussard and surrounding areas in Louisiana
Closing costs: Sellers pay no closing costs; Cedar Cash Home Buyers covers them.
Cedar Cash Home Buyers has been BBB accredited since March 2023 and holds an A rating. The staff is regarded for their honesty, transparency, and compassion throughout the homeselling process. Clients appreciate the trusted guidance and exceptional service, even if they did not end up doing business together. The company is praised for its quick responses, easy communication, and fair offers.
Website: cedarcashhomebuyers.com
Phone number: 337-420-0375
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Louisiana (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, and 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 Louisiana.
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 Louisiana
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 4.6 stars on Google based on more than 500 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
NOLA Buys Houses
NOLA Buys Houses is a well-known New Orleans real estate solutions company that was founded in 2001 by a family trio — a father, a brother, and the current owner. As a local family-owned business, they have deep roots in the community and a passion for helping people. With more than 1,000 successful transactions, they are experts when it comes to buying homes, providing homeowners in New Orleans with fair cash prices, regardless of the property’s condition.
Locations: Greater New Orleans Area
Closing costs: Sellers pay no closing costs; NOLA Buys Houses covers them.
NOLA Buys Houses has been BBB accredited since April 2023 and holds an A+ rating. Customer reviews for NOLA Buys Houses speak to the speed and efficiency of the home-selling process, with transactions completed in as few as 10 days. They express their helpfulness and knowledge, making the experience of selling a house feel simple and stress-free. Clients also admire the fair offers provided without the need for fees, repairs, or inspections. NOLA Buys Houses has a Google rating of 5.0 with more than 30 reviews.
Website: nolabuyshouses.com
Phone number: 504-264-1407
Home Buyer Louisiana
Home Buyer Louisiana, a New Orleans-based company, was founded in 2018 to help homeowners navigate difficult real estate situations such as code violations, foreclosure, tax liens, and problem tenants. They may fix and flip, rehab and rent, or explore other options depending on the circumstances. They specialize in buying houses in any condition and can close fast, offering sellers the convenience of an as-is sale. Home Buyer Louisiana provides valuable information to homeowners, empowering them to make the best decisions for their situation.
Locations: Available throughout Louisiana
Closing costs: Sellers pay no closing costs; Home Buyer Louisiana covers them.
Home Buyer Louisiana has an A+ rating with the BBB but is not accredited. Customer reviews for Home Buyer Louisiana praise the company for its professionalism, efficiency, and care throughout the homeselling process. They speak to their empathetic and trustworthy nature, making clients feel guided and cared for during the emotional process of selling a home. Home Buyer Louisiana has a 5.0 Google review rating.
Website: homebuyerlouisiana.com
Phone number: 504-332-7676
Rally Home Buyers
Rally Home Buyers is a real estate investment company led by Richard McCray, an experienced professional with more than 20 years of experience buying and selling houses. They specialize in providing solutions to homeowners who want a quick and stress-free cash sale due to property conditions or financial constraints. Rally Home Buyers has a skilled team, including legal experts, private lenders, contractors, and administrative assistants, ensuring smooth transactions and efficient operations. They buy houses in any condition.
Locations: Greater Baton Rouge, Louisiana
Closing costs: Sellers pay no closing costs; Rally Home Buyer Louisiana covers them.
Rally Home Buyers has been BBB accredited since 2019 and holds an A+ rating. Clients appreciate the company’s professionalism, integrity, and efficiency. Clients praise Rally for following through on their commitments and conducting business in an upstanding manner. Rally’s quick response, scheduling, and ability to close deals within a short time frame are highly valued by clients.
Website: rallyhomebuyers.com
Phone number: 225-250-1028
Why sell your Louisiana house for cash?
There are plenty of valid reasons a Louisiana homeseller may choose to work with a cash-for-homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Louisiana, it typically takes about 109 days to sell a home on the market using an agent. That includes an average of 66 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 Louisiana, 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.
Let’s explore some reasons you might lean toward this unconventional path.
- Immediate financial needs: If you’re grappling with an urgent need for money, selling your Louisiana home for cash can provide the quick influx of funds you require.
- Home deterioration: Homes in Louisiana sometimes face specific challenges, like mold or hurricane damage. If your property requires major repairs, cash buyers might be the best option.
- Personal emergencies: Life can be unpredictable. Events like sudden job changes, medical emergencies, or unexpected family issues might make a fast cash sale appealing.
- Avoiding foreclosure: If you’re on the brink of foreclosure, a swift sale can allow you to settle debts, saving your credit score from a major hit.
- Handling inherited property: Inheriting a home can be overwhelming. Selling to a cash buyer can ease this burden, especially if you don’t want to become a landlord or manage repairs.
- Tenant troubles: Forlandlords with difficult tenants, a cash sale might be the quickest way to divest yourself of the property and the related issues.
- Privacy preferences: If the idea of countless strangers touring your home is unappealing, cash sales allow for a discreet transaction away from the public eye.
- Out-of-state living: Managing a property sale from another state can be tricky. A cash sale streamlines this process, offering a hassle-free experience.
- Senior transitions: If an elderly family member is moving into assisted living or with relatives, selling their home for cash can simplify the transition and fund the next steps.
If any of these resonate with your situation, a We Buy Houses company in Louisiana might be a fitting solution. Yet, as with any major financial decision, it’s essential to be well-informed about the pros and cons, and other options that might be available.
Pros and cons of house-buying companies in Louisiana
When considering a fast sale to a house-buying company in Louisiana, it’s essential to weigh the benefits and drawbacks. Such companies offer unparalleled speed and accept homes in any condition. But what does this mean for you in the grander scheme?
Pros
For many homeowners, selling to a cash-for-homes company can alleviate several pain points. Let’s look at the primary advantages:
- Swift transactions: These companies typically have the funds ready, enabling a faster closing process compared to traditional sales.
- No need for repairs: They purchase homes as-is. Whether your home has significant damages or is outdated, you won’t need to spend on renovations or staging.
- Reduced selling expenses: Say goodbye to agent commissions and closing costs; the buying company usually takes on most, if not all, associated selling fees.
- Avoid complications: With no financing or inspection contingencies, the sale is less likely to fall through at the last minute.
Cons
Using a house-buying company can come with disadvantages. The most prominent downside is the likelihood of receiving an offer below market value:
- Lower offers: Cash-buying companies typically offer less than what you might fetch in the open market, as they’re accounting for their profit margins and potential repair costs.
- Limited negotiation: Unlike traditional real estate deals, these companies often present take-it-or-leave-it offers with little room for price discussions.
- Less personal touch: The transaction can feel more like a business deal and less like the personal journey that many homeowners anticipate when selling their cherished property.
- Potential for scams or pressure: While many companies are legitimate, the industry is not immune to bad actors. Homeowners should be cautious and do thorough research.
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
Much of your experience with a We Buy Houses for Cash company hinges on the integrity and character of the person or group behind the offer. Before you dive into such a significant transaction, it’s paramount to thoroughly vet the company. Read customer reviews, sift through testimonials, and gauge their market presence and track record.
Moreover, as you would with any significant commitment, read the buying agreement with an eagle eye. Understand every clause, ensuring you’re aware of all the stipulations, and feel confident in your decision before signing a contract.
HomeLight suggests you consult with an experienced Louisiana 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 Louisiana home quickly
iBuyers
Instant buyers, known as iBuyers, provide near-instant home value estimates through automated valuation models (AVMs). They offer a rapid online selling experience, making all-cash offers for homes in decent condition within days.
While their offers are closer to market value, national iBuyers like Opendoor and Offerpad charge service fees of 5% to 6%. Best suited for homogeneous housing markets, iBuyers are ideal for well-maintained properties.
Listing with an agent
Contrary to common perceptions, a top real estate agent can facilitate a swift sale, especially in a seller-friendly market with the right pricing and marketing strategies. Selling traditionally often fetches a higher price. HomeLight data shows that the top 5% of Louisiana agents sell homes for 10% more than average agents.
Agents also offer valuable insights through a comparative market analysis (CMA), helping pinpoint your home’s value compared to recent local sales. Many agents offer a free CMA, so you can make an informed decision, whether you list with them or sell to a house-buying company.
An agent’s network might even connect you with a cash buyer ready to make an offer near market value. Interested? HomeLight can link you with a top agent in your Louisiana city.
FAQs on Louisiana house-buying companies
By and large, most We Buy Houses for Cash companies in Louisiana 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 legitimate.
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.
Most Louisiana We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV), 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 Louisiana Creole-style home could sell for $250,000 after repairs, but it’s going to need $30,000 of work to get there.
($250,000 x .70) – $30,000 = $145,000
In this example, a Louisiana We Buy Houses company might offer you about $145,000 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 Louisiana 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 ask the company if there are any hidden program fees that might affect your bottom line.
- Research and vet the house-buying companies that serve your Louisiana 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 Louisiana vs. top Louisiana 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 Louisiana | Sell with a top Realtor® in Louisiana |
| Selling timeline | 7 to 30 days | 109 days average; 66 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 | 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 Louisiana is currently worth about $250,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth about $275,000.
| Sell to a We Buy Houses for Cash company in Louisiana | Sell with a top Realtor in Louisiana | |
| Estimated sale price | ($275,000 x .70) – $25,000 = $167,500 | $250,000 |
| Market preparations | 0 | $2,500 (1% of sale price) |
| Agent commissions | 0 | $14,500 (5.8% of sale price) |
| Closing costs | 0 | $3,750 (1.5%) |
| Estimated take-home for seller | $167,500 | $229,250 |
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: Cash-for-homes companies in Louisiana offer a quick, hassle-free process, perfect for those wanting a swift sale.
- No repairs needed: These companies purchase properties in any condition, eliminating the need for repairs or updates on your part.
- Potential below-market offers: Typically, these companies offer less than market value for homes to ensure profitability after any necessary renovations.
- Variety in options: Besides cash-buying companies, other alternatives like iBuyers or traditional listings with an agent can provide different benefits depending on your situation.
- Vet your buyer: Before finalizing any deal, it’s crucial to research the house-buying company’s credibility, ensuring a smooth transaction.
- Know your home’s worth: Knowing the market value of your home helps in making an informed decision, whether selling to a cash buyer or on the market.
Selling a home is one of the most significant decisions you’ll make, and while speed is essential for many, it’s vital to gather multiple offers and consider each option.
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 Louisiana agent.
Header Image Source: (Josh Doguet / Unsplash)
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