We Buy Houses Meridianville: Top 4 Companies
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Joseph Gordon EditorJoseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
Selling your home in Meridianville can feel overwhelming, especially if repairs, time, or unexpected circumstances stand in your way. Fortunately, We Buy Houses companies in Meridianville provide a fast, hassle-free solution.
Whether you’re relocating for work, dealing with financial challenges, or simply want to move on without the hassle of repairs or showings, cash-for-homes companies offer a quick way to get proceeds and move forward with your plans.
In this guide, we’ll cover the pros and cons of working with these companies, introduce popular options in Meridianville, and help you evaluate the best choice for your unique situation.
Sell Your House Fast in Meridianville 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 Meridianville area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Meridianville
Selling your home to a house-buying company in Meridianville is a simple and fast process designed for homeowners who need a quick sale. Here’s an overview of the basic steps:
1. Reach out to a company: Contact a local We Buy Houses company to share details about your home and request an offer.
2. Schedule a property visit: Allow the buyer to assess your home in person or virtually to determine its value.
3. Receive a cash offer: Review the company’s no-obligation, take-it-or-leave-it offer based on your home’s condition and market factors.
4. Sign the purchase agreement: If the offer works for you, sign the agreement to start the closing process.
5. Close on your timeline: Work with the company to select a closing date that fits your needs.
6. Receive your cash payment: Complete the sale and get your cash, often within days of accepting the offer.
Popular We Buy Houses for Cash companies in Meridianville
If the process of selling to a house-buying company in Meridianville 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’ Craftsman or Antebellum. By selling to one of these companies, you should be able to sell your Meridianville home in as little as a week or two.
Moe Buys Homes
Moe Buys Homes uses its own cash to purchase homes; no banks are involved. Sellers can fill out a contact form, and Moes Buy Homes will contact the potential seller, setting up a date and time to inspect the home
Locations: Alabama, Georgia, and Florida
Closing costs: Sellers pay no closing costs; Moe Buys Homes covers them.
Moe Buys Homes is not BBB accredited but holds an A+ rating. The company has a 4.0-star Google rating.
Website: moebuyshomes.com
Phone: 251-299-9632
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Meridianville (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 Meridianville.
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 Meridianville
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
We Buy Houses in Bama
We Buy Homes in Bama has a three-step process. First, a homeowner fills out a form and provides details on the home’s location and contact information. Second, the company contacts the seller for a property inspection and offers cash. Third, if the seller accepts the cash offer, the company typically closes within seven to 14 days.
Locations: All over Alabama
Closing costs: Sellers pay no closing costs; We Buy Homes in Bama covers them.
We Buy Homes in Bama has been BBB accredited since March 2021 and holds an A+ rating. The company has a 5.0-star Google rating.
Website: webuyhousesinbama.com
Phone: 256-607-4109
Veritas Buyers
The company was founded in 2020 and is now owned by Cesar Garcia. They are a local homebuyer that purchases properties as investments.
Locations: Meridianville and other areas in Alabama
Closing costs: Sellers pay no closing costs; Veritas Buyers covers them.
Veritas Buyers has a Google Review rating of 5.0 stars.
Website: veritasbuyers.com
Phone: 256-488-4055
Why sell your Meridianville house for cash?
Selling your home for cash isn’t for everyone, but for homeowners needing a quick transaction with a simple process, it is much faster than selling on the traditional market.
In Meridianville, it typically takes around 114 days to sell a home on the market using an agent. That includes an average of 70 days on the market plus the typical 44 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 Meridianville, 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 scenarios where selling for cash might make sense for you.
- Job relocation: If you’re relocating for work, a cash sale lets you sell quickly and focus on your next chapter.
- Divorce: Selling your home for cash provides a swift way to divide assets and move forward during a divorce.
- Inherited property: A cash sale simplifies the process when you’ve inherited a home you don’t plan to keep.
- Downsizing: If you’re moving to a smaller home, selling for cash can ease your transition.
- Repairs: A cash buyer lets you skip costly fixes when selling a house in poor condition.
- Avoiding open houses: Sell directly to a cash buyer and skip the inconvenience of hosting open houses.
- Foundation issues: Selling to a cash buyer can help you avoid the challenges of repairing foundation problems.
- Foreclosure: A cash sale may allow you to avoid foreclosure and pay off your mortgage.
- Tenants: If managing tenants has become too challenging, selling your rental property with tenants to a cash buyer could be a great option.
- Selling from out of state: A cash sale makes it easier to sell a house remotely without traveling back and forth.
Pros and cons of house-buying companies in Meridianville
If you’re considering selling your house to a house-buying company in Meridianville, it’s essential to weigh the benefits and drawbacks. Below, we’ve summarized the key pros and cons to help you evaluate if this option aligns with your needs.
Pros of house-buying companies
Selling to a house-buying company offers unparalleled speed and simplicity. They’ll purchase your home as-is, meaning you can avoid repairs, staging, or open houses. Here’s a quick overview of the main advantages:
- Quick closings: Most house-buying companies can finalize the sale in as little as seven days, making them ideal for urgent situations.
- No repairs or upgrades needed: Sell your home exactly as it is, without spending money or time on fixes or renovations.
- No staging or showings: Avoid the hassle of preparing your home and hosting multiple open houses or showings.
- Flexible timelines: Many companies allow you to choose a closing date that fits your schedule, providing convenience and control.
Cons of house-buying companies
The biggest downside to using a house-buying company is that they typically pay below market value. Here are some additional concerns to consider:
- Lower offers: Expect an offer that’s less than what you might get selling on the open market with an agent.
- Potential scams: Some companies may engage in shady practices. Protect yourself by researching thoroughly to avoid home-buying scams.
- No contingencies: Cash sales often come without contingencies, leaving little room for negotiation or changes after the agreement is signed.
- Limited options for unique properties: Homes with unique or luxury features may not attract competitive offers from house-buying companies.
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
The level of integrity and service you experience from a We Buy Houses for Cash company can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits. Your experience depends on the character of the person or group making the offer.
Before committing to a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
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 Meridianville home quickly
When selling your home fast, you may consider alternatives like iBuyers or listing with a real estate agent. Here’s how these options work:
iBuyers: These companies, such as Opendoor and Offerpad, use automated valuation models to generate near-instant cash offers for homes in good condition. The iBuyer process is mostly online and typically closes within days to two weeks. Keep in mind that service fees are often 5%-6%.
Listing with an agent: Partnering with a proven agent can yield a faster sale and higher price, especially in a seller-friendly market. Agents provide valuable insights, such as a comparative market analysis to determine your home’s value, often for free. Additionally, an agent may connect you with buyers offering competitive cash deals.
If you’re interested in this route, HomeLight can connect you with a top-performing agent in your area.
FAQs on Meridianville house-buying companies
By and large, most We Buy Houses for Cash companies in Meridianville 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 Meridianville 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 Meridianville Antebellum could sell for $350,000 after repairs, but it will need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $215,000
In this example, a Meridianville We Buy Houses company might offer you around $215,000 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 Meridianville 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 Meridianville 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 Meridianville vs. top Meridianville 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 Meridianville | Sell with a top Realtor in Meridianville |
| Selling timeline | 7 to 30 days | 114 days average; 70 to attract an offer, 44 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 Meridianville is worth about $340,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $365,000.
| Sell to a We Buy Houses for Cash company in Meridianville | Sell with a top Realtor in Meridianville | |
| Estimated sale price | ($365,000 x .70) – $25,000 = $230,500 | $340,000 |
| Market preparations | 0 | $3,400 (1% of sale price) |
| Agent commissions | 0 | $10,200 (3% of sale price) |
| Closing costs | 0 | $5,100 (1.5%) |
| Estimated take-home for seller | $230,500 | $321,300 |
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
- Fast and convenient sales: House-buying companies in Meridianville offer a quick and simple way to sell your home, often closing in as little as a week.
- Sell as-is: These companies buy homes in any condition, saving you time and money on repairs, staging, or upgrades.
- Lower offers: Expect offers that are below market value, which could mean leaving money on the table compared to selling through traditional methods.
- Do your research: Not all companies are reputable, so it’s essential to vet potential buyers and read reviews to avoid 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 Meridianville agent.
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