5 Top We Buy Houses for Cash Companies in Mobile
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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.
In Mobile, “We Buy Houses” companies offer a unique solution for homeowners looking to sell quickly, often presenting all-cash offers for properties that may need some extensive repairs. If you lack the resources for repairs, need to access the equity in your home immediately, or simply need to dispose of the property, these companies could be the answer.
This post aims to guide you through the benefits and drawbacks of opting for a cash-for-homes company in Mobile, helping you to navigate your choices with confidence and make an informed decision about your property sale.
Sell Your Mobile House Fast With a Cash Offer
Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses. Available to sellers throughout Mobile, Al.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Mobile area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Mobile
Selling your house fast in Mobile to a house-buying company can move quickly. Here’s a straightforward guide on how the process works:
- Research companies: Start by looking into reputable house-buying companies in Mobile that are known for fair dealings and positive reviews. This initial step ensures you’re engaging with a trustworthy partner.
- Request an offer: Contact the company to express your interest in selling and provide them with details about your property. Most companies can give you a preliminary offer based on this information.
- Schedule a visit: The company will likely want to inspect your property to assess its condition and finalize their offer. This visit is usually quick and requires minimal preparation on your part.
- Review the offer: Once the company makes an offer, take your time to review it. Remember, these companies typically present a firm offer with little to no room for negotiation.
- Accept the offer: If the offer aligns with your expectations and needs, you can accept it to move forward with the sale.
- Close the sale: The final step involves closing the transaction, which can often be completed in a matter of days. At closing, you’ll sign the necessary paperwork and receive the cash for your home.
Popular We Buy Houses for Cash companies in Mobile
If the process of selling to a house-buying company in Mobile 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 you or your parents’ Spanish Colonial and Victorian housing style. By selling to one of these companies, you should be able to sell your Mobile home in as little as a week or two.
Southern House Buyers LLC
Southern House Buyers LLC specializes in helping homeowners sell their properties quickly. Sellers can expect an offer shortly after the company views the property, without obligation. If they decide to sell directly to Southern House Buyers LLC, the deal can typically close in as little as seven days.
Locations: Mobile and the surrounding areas, including Bay Minette, Creola, Daphne, Eight Mile, Fairhope, Foley, Gulf Shores, Loxley, Robertsdale, and Spanish Fort
Closing costs: Sellers pay no closing costs; Southern House Buyers LLC covers them.
Southern House Buyers LLC has a 3.1-star rating on Google. A recent customer shared a positive experience, particularly highlighting Samantha Green’s exceptional service. The customer needed to sell a rental property that required extensive repairs and appreciated Samantha’s immediate response and efficient process handling.
Website: webuysouthernhouses.com
Phone number: 251-333-7556
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Mobile (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 Mobile.
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 Mobile
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
Deed King
Deed King can accept an offer and sell your house in seven days. They provide a no-obligation cash offer on your home in under 24 hours. Since 2015, Deed King has been dedicated to improving the housing market to strengthen and build up communities.
Locations: Mobile and nearby areas
Closing costs: Call for further details
Deed King has a 4.3-star rating on Google based on over 200 reviews. A recent customer shared their experience, mentioning the extremely fast process and how Deed King helped them sell quickly at a good, fair price.
251HomeBuyers.com
251HomeBuyers.com is a Mobile-based real estate solutions company. Upon receiving your information, a fair, all-cash offer is typically made within 24 hours. Afterward, the deal can be closed in as little as seven days.
Locations: Mobile and surrounding areas
Closing costs: Sellers pay no closing costs; 251HomeBuyers.com covers them.
251HomeBuyers.com has a 5.0-star Google rating, with 4 reviews currently available. A recent customer described their experience as seamless, efficient, professional, and amazing, from the first phone call to the home inspection, to the offer to purchase, and even on closing day.
Website: 251homebuyers.com
Phone number: 251-706-6395
Revitalize Homebuyers, LLC
Revitalize Homebuyers, LLC, is committed to fostering positive change in Gulf Coast neighborhoods. The company’s process allows you to sell your house, even if it needs repairs, and receive cash in your pocket, often in less than 14 days.
Locations: Mobile and nearby areas
Closing costs: Sellers pay no closing costs; Revitalize Homebuyers, LLC covers them.
Revitalize Homebuyers, LLC, holds a 4.2-star Google rating based on 18 reviews. A recent customer expressed satisfaction with their service, highlighting the ease and stress-free nature of the process provided by Eddie & Braden.
Website: revitalizehomebuyers.com
Phone number: 251-319-7915
Why sell your Mobile house for cash?
The decision to partner with a Cash-For-Homes company in Mobile is often driven by the significant advantages of rapid sales, guaranteed outcomes, and exceptional convenience
In Mobile, it typically takes around 98 days to sell a home on the market using an agent. That includes an average of 51 days on the market plus the typical 47 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 Mobile, 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.
Let’s explore situations where choosing a house-buying company could be your best option:
- Job relocation: If a new job requires you to move quickly, a cash sale offers a fast and efficient solution.
- Divorce: A cash sale can simplify asset division and provide a fresh start during a divorce.
- Inherited property: When you’ve inherited a property, selling it for cash can quickly resolve any financial or emotional burdens.
- Downsizing: For those looking to downsize, selling your home for cash can make the transition to a new, smaller home or retirement community easier.
- Major repairs needed: If your home requires significant repairs, such as foundation work, a cash sale can save you from the hassle and expense.
- Avoiding open houses: Selling for cash means you can skip the inconvenience of staging your home and hosting multiple open houses.
- Facing foreclosure: If you’re facing foreclosure, a quick cash sale might offer a way to settle debts without further damaging your credit score.
- Problems with tenants: Selling for cash is an effective way to move on from problematic rental properties without eviction headaches.
- Selling from out of state: For homeowners living elsewhere, a cash sale offers a straightforward way to sell without the need to return for the sales process.
Pros and cons of house-buying companies in Mobile
There are several pros and cons to selling your Mobile, Alabama home for cash. Here are some of the main highlights to consider along with some of the primary drawbacks.
Pros:
- Speed of sale: The foremost advantage is the ability to close quickly, often within days, which is ideal for those needing to relocate or access funds rapidly.
- No repairs needed: Sellers can bypass the usual prep work and repairs; companies buy homes as-is, offering convenience and savings.
- Simple process: Without the need for staging, showings, or extensive marketing, the sale process is significantly streamlined.
- No contingencies: Eliminating common sale contingencies speeds up the process and reduces sale fall-through risk.
Cons:
- Lower offers: Offers from these companies are typically below market value, reflecting the trade-off for convenience and certainty.
- Risk of scams: The market has its share of scams, necessitating due diligence on the seller’s part to verify company legitimacy.
- Limited negotiation: The price offered is usually final, giving sellers little leverage to negotiate better terms.
- Potential for less profit: The convenience of a quick sale often means receiving less profit than what might be achieved on the open market.
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 wholesalers. 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 Mobile home quickly
iBuyers: Instant buyers, or iBuyers, use automated valuation models (AVMs) to make quick, all-cash offers close to market value for homes in good condition. The iBuyer process is fast, with sales closing in days to weeks, but note the service fees of 5%-6%. iBuyers like Opendoor and Offerpad are best for sellers in areas with uniform housing markets.
Listing with an agent: While not as instant, selling through a top real estate agent in a seller-friendly market can also lead to a quick sale. A major advantage is the potential for higher selling prices, supported by strategic pricing and marketing. Agents offer a comparative market analysis (CMA), which is often free, to set competitive listing prices. For those exploring agent representation, HomeLight can connect you with a top-performing agent in your area, potentially leading to cash offers close to market value.
Choosing between iBuyers and agents depends on your need for speed, the condition of your property, and whether maximizing sale price or convenience is your priority.
FAQs on Mobile house-buying companies
By and large, most We Buy Houses for Cash companies in Mobile 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 Mobile 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 Mobile Spanish Colonial home could sell for $186,000 after repairs, but it will need $20,000 of work to get there.
($186,000 x .70) – $20,000 = $110,200
In this example, a Mobile We Buy Houses company might offer you around $110,200 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 Mobile 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 the offer 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 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 any hidden program fees might impact your bottom line.
- Research and vet the house-buying companies that serve your Mobile 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 Mobile vs. top Mobile 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 Mobile | Sell with a top Realtor in Mobile |
| Selling timeline | 7 to 30 days | 98 days average; 51 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 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 Mobile is currently worth about $190,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $215,000.
| Sell to a We Buy Houses for Cash company in Mobile | Sell with a top Realtor in Mobile | |
| Estimated sale price | ($215,000 x .70) – $25,000 = $125,500 | $190,000 |
| Market preparations | 0 | $1,900 (1% of sale price) |
| Agent commissions | 0 | $11,020 (5.8% of sale price) |
| Closing costs | 0 | $2,850 (1.5%) |
| Estimated take-home for seller | $125,500 | $174,230 |
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 to a Cash-For-Homes company in Mobile can offer a rapid, straightforward sale process.
- As-is sale: You can sell your property as it is, avoiding the cost and time of repairs and renovations.
- Below market offers: Be prepared for offers that might be below the market value of your home.
- No staging or showings: Eliminate the hassle of preparing your house for sale and dealing with potential buyers walking through.
- Research is key: Take the time to investigate potential house-buying companies to avoid scams and ensure you’re dealing with reputable buyers.
- Compare options: Weigh the pros and cons of selling to a cash buyer versus using traditional sale methods.
- 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 Mobile agent.
Header Image Source: (Curtis Adams / Pexels)
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