We Buy Houses North Dakota: Top 3 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.
We Buy Houses companies in North Dakota make all-cash offers for homes, regardless of the property’s condition. This enables sellers lacking time, expertise, or money for repairs to move quickly, selling their homes in days instead of weeks or months.
You may need a fast home sale to start a new job. Or maybe you’re facing a financial deadline like a pending foreclosure. Or you may need to cash out an inherited North Dakota property to settle an estate.
If you need to sell your North Dakota home quickly, a We Buy Houses for Cash company could be the best solution. However, before you request a cash offer, it’s important to understand how much a North Dakota house-buying company might offer for your home and weigh your options.
Our guide will explain how the process works, provide you with a list of companies to consider, and discuss the pros and cons of selling your home for cash.
Sell Your House Fast in North Dakota 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 North Dakota area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in North Dakota
We Buy Houses companies in North Dakota typically promise to give home sellers quick, convenient all-cash offers, often completing the sale in less than a week.
Here’s how the process generally works:
- You request an all-cash offer. The company will ask you to provide information about your house and property. Some We Buy Houses groups will make a preliminary offer shortly after you submit the request. However, the initial offer is typically subject to change after they have inspected your home.
- The company performs a walk-through. This on-site property visit is typically completed within 24 to 48 hours, but the timeframe may vary depending on the company and market.
- You receive a firm offer. Your official cash offer is typically received within 24 hours of the on-site visit but can sometimes be presented at the end of the walk-through. At this point, you can accept or decline the offer. The majority of house-buying companies do not negotiate. They usually present a take-it-or-leave-it sale price.
- If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin. Some house-buying companies will initially provide a large deposit or funds to assist the seller with moving costs. Others will pay for the property upfront.
- Close the sale and get paid quickly. We Buy Houses companies can typically close your home sale within seven days to a few weeks. This can vary by company, and sellers who work with a house-buying company often enjoy flexibility in selecting a move-out date that works for them.
Popular We Buy Houses for Cash companies in North Dakota
If the process of selling to a house-buying company in North Dakota 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’ Ranch or Farmhouse By selling to one of these companies, you should be able to sell your North Dakota home in as little as a week or two.
The Property Company
Founded in Fargo, The Property Company specializes in buying both fixer-upper and well-maintained homes. With a passion for transforming properties, they offer fast, all-cash deals for quick sales and guarantee fair offers.
Locations: North Dakota
Closing costs: Sellers pay no closing costs; The Property Company covers them.
They have a Google rating of 5 stars based on 36 reviews.
Website: thepropertycompanyfm.com
Phone number: 701-566-9142
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in North Dakota (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 North Dakota.
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 North Dakota
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
Fargo Home Buyers
Fargo Home Buyers specializes in buying all types of houses, including expired MLS listings, for-sale-by-owner properties, inherited homes, vacant properties, and unwanted rental homes.
Locations: Fargo and surrounding areas
Closing costs: Sellers pay no closing costs; Fargo Home Buyers covers them.
They have a Google rating of 4.3 out of 5 stars.
Website: fargohomebuyers.com
Phone number: 701-205-5779
Why sell your North Dakota house for cash?
There are plenty of valid reasons a North Dakota home seller may choose to work with a Cash-For-Homes company. Speed, certainty, and remarkable convenience are some of the primary reasons sellers choose to work with these companies.
In North Dakota, it typically takes around 75 days to sell a home on the market using an agent. That includes an average of 31 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 North Dakota, 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.
Common scenarios where selling for cash might make sense:
- Job relocation: You’re moving for a job opportunity and need to sell your home quickly to focus on your future in another city or state.
- Divorce: The process of separating assets can be complicated, and selling your house quickly might help you both move forward sooner. Learn more about selling during a divorce.
- Inherited property: You’ve inherited a house you don’t plan to keep and want to avoid the complexities of managing or maintaining it. See tips on selling an inherited home.
- Downsizing: You’re ready to transition into a smaller home or retirement community and need a quick sale to make it happen. Explore options for downsizing.
- Major repairs: Your house requires costly repairs, and you prefer to sell as-is rather than invest time and money into fixing it. Selling in poor condition can be easier with a cash buyer.
- Avoiding open houses: The thought of frequent showings and open houses doesn’t align with your schedule or comfort level.
- Foundation issues: You’re worried structural problems might scare off traditional buyers and prefer a simpler, as-is transaction. Learn more about selling with foundation issues.
- Foreclosure concerns: You’re falling behind on payments and need to sell quickly to avoid foreclosure and protect your credit.
- Dealing with tenants: You’re managing a rental property with tenants and don’t want the headache of navigating showings or evictions. Find out how to sell with tenants in place.
- Selling from out of state: You own property in North Dakota but live elsewhere, and handling a traditional sale remotely feels daunting. Discover tips for selling out of state.
Pros and cons of house-buying companies in North Dakota
Choosing a house-buying company in North Dakota to sell your home for cash has a number of pros and cons. Here are some of the main ones to consider:
Pros of using a house-buying company
A house-buying company in North Dakota offers a quick sale and will purchase your home in any condition. This eliminates the need for repairs or staging, making it a hassle-free option. Here are the key benefits:
- Fast closing process: Cash buyers often close within days or weeks, allowing you to move on with your plans without waiting for traditional timelines.
- As-is sales: Selling your house as-is means you don’t need to invest time or money into repairs, upgrades, or cosmetic fixes.
- No staging or showings: You can skip the stress of prepping your home for showings or hosting open houses, saving time and effort.
- Fewer contingencies: Cash buyers rarely include contingencies, which reduces the likelihood of the sale falling through at the last minute.
Cons of using a house-buying company
The most significant drawback of using a house-buying company in North Dakota is that they often pay below market value. You might sacrifice potential profit for convenience. Here are the primary drawbacks:
- Lower offers: Cash buyers typically offer less than the market value of your home, which could mean leaving money on the table.
- Limited negotiation: These companies usually present take-it-or-leave-it offers, leaving little room for negotiating a higher price.
- Risk of scams: Not all cash buyers are reputable, and some may be running scams or using predatory tactics.
- Lack of market exposure: Selling directly to a cash buyer means you’ll miss out on potentially better offers from buyers competing in 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 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 North Dakota home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to provide near-instant all-cash offers, often closer to market value, for homes in good condition. The mostly online iBuyer process is fast, with closings in as little as a few days to two weeks. While convenient, iBuyers like Opendoor and Offerpad charge service fees of 5%-6%, making them ideal for sellers with well-maintained homes in markets with uniform housing.
Listing with an agent
Even when speed is a priority, listing with a top real estate agent can be a smart choice, particularly in a strong seller’s market. A trusted agent can provide a comparative market analysis (CMA) to help price your home effectively, often for free. Top agents may even connect you with cash buyers closer to market value. Ultimately, this option offers the potential for a higher selling price. If you’re interested, HomeLight can connect you with a proven professional today.
FAQs on North Dakota house-buying companies
By and large, most We Buy Houses for Cash companies in North Dakota 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 North Dakota 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 North Dakota farmhouse 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 North Dakota 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 North Dakota 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.
- Research and vet the house-buying companies that serve your North Dakota 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 North Dakota vs. top North Dakota 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 North Dakota | Sell with a top Realtor in North Dakota |
| Selling timeline | 7 to 30 days | 75 days average; 31 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 | 3%-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 North Dakota is worth about $300,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $325,000.
| Sell to a We Buy Houses for Cash company in North Dakota | Sell with a top Realtor in North Dakota | |
| Estimated sale price | ($325,000 x .70) – $25,000 = $202,500 | $300,000 |
| Market preparations | 0 | $3,000 (1% of sale price) |
| Agent commissions | 0 | $9,000 (3% of sale price) |
| Closing costs | 0 | $4,500 (1.5%) |
| Estimated take-home for seller | $202,500 | $283,500 |
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
- Cash buyers offer speed: Selling to a Cash-For-Homes company allows you to close quickly, often in as little as a week.
- Sell as-is without repairs: Cash buyers will purchase your home in any condition, saving you time and money on repairs or staging.
- Lower offers are common: Most cash buyers pay less than market value for the convenience and speed they provide.
- Explore iBuyers for closer-to-market offers: Some iBuyers, like Opendoor and Offerpad, may offer slightly higher prices for homes in good condition.
- Agents can connect you to cash buyers: A top local agent may help you secure competitive cash offers while providing expert guidance on market value and timing.
- Know your home’s worth: Always know 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 North Dakota agent.
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