5 of the Top We Buy Houses for Cash Companies in Montgomery, AL
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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 own a home in Montgomery, AL with a kitchen that’s stuck in the ’60s or a leaky roof you can’t afford to replace, selling your home the traditional way can feel downright daunting. “We Buy Houses” companies pay cash for properties in any condition, allowing you to skip the expensive repairs, deep cleanings, and weekly showings.
They can also provide an easy exit for relatives who inherited a loved one’s house or a couple dividing assets in a divorce. Closings can take place in a few days or weeks, compared to several months on the open market. In exchange for speed and convenience, these companies typically present offers that are below market value to turn a profit.
In this article, we’ll compare the benefits and drawbacks of partnering with a cash-for-homes company. We’ll highlight some of the top cash buyers serving the Montgomery, AL market and share alternative methods for a speedy home sale. By the end, you’ll be able to confidently choose the selling approach that best suits your needs.
Sell Your Montgomery 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 Montgomery.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Montgomery area “We Buy Houses” companies should not be considered an endorsement.
Working with We Buy Houses companies in Montgomery, AL
Selling to a house-buying company offers a fast and efficient solution, especially if you’re dealing with a short timeline. Here’s how the process generally works:
- Find a company: Research and identify reputable “We Buy Houses” companies operating in or around Montgomery, AL.
- Request an offer: Submit your home’s details to the company to receive a cash offer. This usually involves filling out a form on their website or picking up the phone and giving them a call.
- Schedule a walkthrough: The company will likely conduct an in-person walkthrough of your home to evaluate its condition and market value.
- Get an offer: Based on the assessment, the company will make a cash offer for your home. Remember, there’s generally little to no room for negotiation.
- Accept the offer: If you decide the offer meets your needs, you can accept it to move forward with the sale.
- Close the sale: Closing happens quickly with these companies, sometimes within a week. After signing the paperwork, you’ll receive cash for your home, often via bank transfer.
Popular We Buy Houses companies in Montgomery, AL
Ready to explore selling to a Montgomery, AL house-buying company? The first step is finding one you can trust.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ Federal or Colonial-style home. By selling to one of these companies, you should be able to sell your Montgomery, AL home in as little as a week or two.
Rapid Fire Home Buyers
Based out of Montgomery, Rapid Fire Home Buyers pays cash for single-family homes, mobile homes, apartments, condos, and land. You can get an initial same-day offer when you fill out their online form or give them a call. After an in-person assessment of your home, they’ll present you with a firm, no-obligation cash offer. Closing the sale can take as little as seven days, and Rapid Fire Home Buyers doesn’t charge any commissions or fees.
Locations: Alabama (including Montgomery), Georgia, and Kentucky
Closing costs: Sellers pay no closing costs; Rapid Fire Home Buyers covers them.
Rapid Fire Home Buyers has been accredited by the Better Business Bureau (BBB) since 2021 and holds an A+ rating. The company also has a 4.7-star Google rating based on over 100 reviews. Former sellers have praised their professionalism, constant communication, and painless selling process. “They were a pleasure to work with and went above and beyond to take care of us as sellers AND our renter who was still living in the home,” reads a recent review. “They offered a very fair price for the property. Bobby made a potentially stressful situation a pleasant experience.”
Website: rfhomebuyers.com
Phone number: 334-310-3079
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Montgomery, AL (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 Montgomery, AL.
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 Montgomery, AL
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
TK Properties
TK Properties is based in Montgomery and owned by two longtime locals. Aside from single-family homes, they pay cash for apartments, duplexes, condos, mobile homes, townhouses, and land. The company can close deals in as few as five days, or on your timeline. They present fair cash offers on homes in any condition and don’t require any repairs or clean-up.
Locations: Montgomery and across Alabama
Closing costs: Sellers pay no closing costs; TK Properties covers them.
TK Properties is not BBB-accredited, but it maintains an A rating and a 5-star Google rating. Reviews mention the employees’ honesty, timeliness, and hardworking nature. “Despite a couple of snags, the sale of my home was conducted in an efficient, professional manner,” wrote a previous seller. “Everyone I dealt with was helpful and very friendly.”
Website: sellmyhomemontgomery.com
Phone number: 334-384-8887
Montgomery Property Solutions
Montgomery Property Solutions is a full-service real estate company in Montgomery, AL. They can extend a fair, all-cash offer in as little as 24 hours. The company purchases houses across Alabama, regardless of the condition or situation. Sellers can choose a closing date that works best for them, in as little as seven days. To get started, fill out the form on their website or give them a call.
Locations: Statewide, including Montgomery, AL
Closing costs: Sellers pay no closing costs; Montgomery Property Solutions, covers them.
Montgomery Property Solutions has a 3.8-star Google rating and is not currently BBB-accredited. Positive reviews highlight the smooth and easy process and the employees’ helpfulness, while negative reviews mention delayed closings and poor communication. “We had a pleasant experience working with Montgomery Property Solutions,” wrote a former client. “At times, it felt a little too easy.”
Website: montgomerypropertysolutions.com
Phone number: 334-239-3240
We Buy Houses Montgomery LLC
We Buy Houses Montgomery LLC is a family-owned real estate solutions company based in Montgomery. They purchase homes in any condition or situation, even if you have problem tenants or are facing foreclosure. You can get a fair, no-obligation cash offer on your house within 24 hours of submitting your information, and close the sale in as few as seven days.
Locations: Montgomery and other places in Alabama
Closing costs: Sellers pay no closing costs; We Buy Houses Montgomery LLC covers them.
We Buy Houses Montgomery LLC has a 5-star Google rating based on one review, with a customer recommending them for cash offers on houses. However, the reviews section on their website lacks customer feedback, and they do not appear to be BBB-accredited.
Website: webuyhousesmontgomery.co
Phone number: 334-380-0049
Why sell your Montgomery, AL house for cash?
Working with a “We Buy Houses” company can help you sell fast with minimal fuss. You can skip repairs, staging, and showings and sell your house in its current condition.
In Montgomery, AL, it typically takes around 119 days to sell a home using an agent. That includes an average of 77 days on the market and the typical 42 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 Montgomery, AL, 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.
These companies are growing in popularity, especially for sellers who do not have the typically required long weeks or months to prepare, market, and close on a traditional home sale. Here are some common situations where working with a house-buying company might make sense:
- Job relocation: When you need to move quickly for a new job opportunity, selling for cash can expedite the process.
- Divorce: A cash sale can simplify splitting assets and provide a clean break during a divorce.
- Inherited property: If you’ve inherited a home and want to sell it without the usual fuss, a cash offer is appealing.
- Downsizing: Ideal for seniors moving to retirement communities and looking to sell their current homes efficiently.
- Major repairs needed: Selling a house that requires significant repairs, like foundation issues, can be easier with a cash offer.
- Avoiding open houses: For those who value privacy or cannot deal with the stress of open houses, cash sales eliminate this step.
- Facing foreclosure: To avoid the consequences of foreclosure, a fast cash sale can provide an urgent financial lifeline.
- Problematic tenants: Selling a rental property with difficult tenants becomes simpler with a company that buys houses for cash.
- Selling from out of state: Managing a sale from afar is much more straightforward when you opt for a cash transaction.
Selling a house can be tough, especially when time is tight. A cash sale in Montgomery can offer a quicker, simpler solution compared to the usual steps involved in selling a home. As we explore cash buyers, keep in mind it’s important to understand all your options to ensure the best fit for your situation.
Pros and cons of house-buying companies in Montgomery, AL
Deciding to work with a house-buying company in Montgomery, AL, offers distinct advantages, especially if speed and convenience are your priorities. However, one significant downside to these transactions is receiving an offer below market value for your property.
Ahead, we’ll break down the pros and cons of using a “We Buy Houses” company so you can better weigh your options.
Pros
- Quick sale: Companies can close on your house in a matter of days, not weeks or months, providing immediate relief in urgent situations.
- Buy as-is: No need to spend money or time on repairs; these companies will buy your home in its current state.
- No real estate fees: Selling to a cash buyer means you avoid realtor commissions and closing costs, keeping more money in your pocket.
- Less stress: Avoid the contingencies and uncertainties that come with traditional sales, such as buyers’ financing falling through.
Cons
- Lower offers: Expect offers that are less than what you might achieve on the open market, as these companies need to profit from the resale.
- Limited negotiation: The price offered is typically take-it-or-leave-it, with little room for bargaining.
- Risk of scams: While many companies are reputable, the risk of scams exists, necessitating thorough research and caution.
- Missed market premium: In a high-demand market, selling directly to a buyer could net you significantly more, even after repairs and agent fees.
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 deciding to sell your Montgomery, AL, home to a cash-buying company, remember that the integrity and quality of service can significantly vary depending on the buyer’s character. It’s essential to thoroughly vet the company making the offer. Checking online reviews, reading testimonials, and researching the company’s market presence and past transactions can provide valuable insights into their reliability and fairness.
Before committing to any cash offer, take the time to read the buying agreement carefully. Understanding every detail of the contract is crucial to ensure there are no hidden terms or conditions that could disadvantage you.
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 it to your cash offer. HomeLight can connect you with a top-performing agent in Montgomery, AL. 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 Montgomery, AL home quickly
iBuyers
iBuyers, or instant buyers, make all-cash offers based on automated valuation models (AVMs), providing a streamlined, mostly online sales process. iBuyers like Opendoor and Offerpad often present offers closer to market value but may charge service fees of 5%–6%. They’re ideal for sellers with properties in good condition, in areas of homogeneous housing.
Listing with an agent
Cash sales are fast, but don’t discount an experienced real estate agent! Any agent worth their salt will have marketing and pricing expertise and may be able to sell your home quickly for maximum profit. They may even find you a cash buyer willing to pay close to your home’s market value. Agents leverage comparative market analyses (CMA) to price homes competitively and often offer this service for free. If you’re interested in exploring this route, HomeLight can connect you with top-performing agents in Montgomery, AL.
FAQs on Montgomery, AL house-buying companies
By and large, most We Buy Houses companies in Montgomery, AL 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 Montgomery, AL “We Buy Houses” 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 Montgomery, AL bungalow could sell for $160,000 after repairs, but it’s going to need $20,000 of work to get there.
($160,000 x .70) – $20,000 = $92,000
In this example, a Montgomery, AL “We Buy Houses” company might offer you around $92,000 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 Montgomery, AL “We Buy Houses” 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” 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.
- Research and vet the house-buying companies that serve Montgomery, AL. 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 Montgomery vs. top Montgomery 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 company in Montgomery, AL | Sell with a top Realtor in Montgomery, AL |
| Selling timeline | 7 to 30 days | 119 days average; 77 to attract an offer, 42 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” company and an agent-assisted sale.
Let’s say your home in Montgomery, AL is currently worth about $145,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $170,000.
| Sell to a We Buy Houses company in Montgomery, AL | Sell with a top Realtor in Montgomery, AL | |
| Estimated sale price | ($170,000 x .70) – $25,000 = $94,000 | $145,000 |
| Market preparations | 0 | $1,450 (1% of sale price) |
| Agent commissions | 0 | $8,410 (5.8% of sale price) |
| Closing costs | 0 | $2,175 (1.5%) |
| Estimated take-home for seller | $94,000 | $132,965 |
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
- “We Buy Houses” companies in Montgomery, AL, offer a fast path to selling your home, often closing within days or weeks.
- Your home can be sold as-is, avoiding the cost and time of repairs.
- The selling process is streamlined, with less paperwork and no need for open houses or staging.
- Be prepared to receive offers below market value. It’s important to know your home’s worth before agreeing to sell.
- Thoroughly vetting potential buyers and understanding the terms of sale is essential for a smooth transaction.
- HomeLight’s Simple Sale platform presents no-obligation, all-cash offers for homes in various conditions in Montgomery, with a wide range of investor partners, making it an ideal starting point for uncertain sellers.
As you consider selling your home to a cash-for-homes company in Montgomery, AL, it’s a good idea to gather multiple offers and carefully weigh your options. Selling your home is one of the biggest financial decisions you’ll make in your lifetime, and you want to achieve the best possible outcome.
Consulting with a top Montgomery, AL agent can provide expert insights into how quickly and for how much your property might sell on the open market. Let HomeLight help you along your real estate journey, connecting you with professionals, tools, and resources to sell your home with confidence.
Header Image Source: (Kevin@collegevibe.com/DepositPhotos)
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