We Buy Houses Olympia: Top 5 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.
If you’re a homeowner in Olympia who needs to sell your home quickly, you might be considering a We Buy Houses company. These companies offer cash for homes, often purchasing properties as-is, even if they need repairs. For homeowners facing unexpected circumstances or who don’t have the time or resources to prepare a home for the market, this can be a quick and convenient solution.
A cash sale can help you sidestep the stress of costly fixes, lengthy negotiations, or waiting on a buyer’s financing. Whether you’re relocating, managing financial challenges, or simply ready to move on, selling to a cash-for-homes company could be the fast-track solution you need.
In this post, we’ll explore how these companies operate, weigh the pros and cons, and compare alternative options so you can make an informed choice.
Sell Your House Fast in Olympia 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 Olympia area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Olympia
Working with a house-buying company in Olympia can streamline the home-selling process, especially when you need to sell quickly. Here’s what you can expect when selling your home to a cash-for-homes company in Olympia:
- Contact the company: Reach out to a house-buying company and provide basic details about your property, such as its location, condition, and size.
- Schedule a property evaluation: The company will typically arrange a walkthrough or virtual tour to assess your home’s condition and determine its value.
- Receive an offer: After evaluating your property, the company will present you with a cash offer, often within 24-48 hours.
- Review and accept the offer: You’ll have time to consider the offer and decide if it works for you. If you agree, the process moves forward.
- Sign the agreement: Finalize the sale by signing the purchase agreement, which outlines the terms and closing date.
- Close and receive payment: At closing, the company will transfer the agreed-upon cash amount to you, usually within a few days.
Popular We Buy Houses for Cash companies in Olympia
If the process of selling to a house-buying company in Olympia 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 ranch-style home. By selling to one of these companies, you should be able to sell your Olympia home in as little as a week or two.
Kind House Buyers
Kind House Buyers was founded by CEO and Founder Keith Sant in 2018. They pride themselves on ethical practices, committing to the agreed-upon price without post-offer adjustments. Kind House Buyers offers fast closings within as little as 10 days.
Locations: Several areas in Washington, including Olympia
Closing costs: Sellers pay no closing costs; Kind House Buyers cover them.
Website: kindhousebuyers.com
Phone number: 253-331-2327
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Olympia (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 Olympia.
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 Olympia
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
Highest Offer Real Estate
Highest Offer Real Estate is a real estate brokerage and investment company based in Tacoma that offers homeowners the flexibility to sell their houses quickly for cash, regardless of the property’s condition or the seller’s situation.
Locations: Across Washington, including Olympia
Closing costs: Sellers pay no closing costs; Highest Offer Real Estate covers them.
Highest Offer Real Estate holds a perfect 5-star rating on Google reviews. The company is also accredited with the BBB and holds an A+ rating.
Website: highestoffer.com
Phone: 253-201-3000
We Buy Houses Olympia
We Buy Houses Olympia purchases homes quickly for cash, as-is, with no repairs or updates needed. With over a decade of experience, they offer a hassle-free solution for homeowners in Olympia and Lacey. Trusted nationwide, they transform properties into neighborhood highlights, ensuring an easy and fast sale.
Locations: Olympia and surrounding areas
Closing costs: Sellers pay no closing costs; We Buy Houses Olympia covers them.
We Buy Houses Olympia holds a 5.0 Google rating.
Website: highestoffer.com
Phone: 253-201-3000
Sound Home Buyer
Sound Home Buyer, led by Ryan Garrison, helps homeowners in Olympia, WA, solve real estate problems like foreclosure or property burdens. Offering creative solutions such as cash purchases, seller financing, and repairs at lower costs, they prioritize transparent communication to provide ideal outcomes for sellers looking for a fast home sale.
Locations: All over Washington, including Olympia
Closing costs: Sellers pay no closing costs; We Buy Houses Olympia covers them.
Sound Home Buyer, with a Google rating of 5.0, is praised for its fast, professional service and creative solutions.
Website: soundhomebuyer.com
Phone: 360-317-2777
Why sell your Olympia house for cash?
There are plenty of valid reasons an Olympia 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 this option.
In Olympia, it typically takes around 57 days to sell a home on the market using an agent. That includes an average of 13 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 Olympia, 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 some common scenarios where selling for cash might be a good fit:
- Job relocation: Selling quickly can help you meet the demands of relocating for a job.
- Divorce: A fast sale can ease the process of dividing assets during a divorce.
- Inherited property: If you’ve inherited a home you don’t plan to keep, selling for cash offers a simple solution.
- Downsizing: A cash sale lets you move quickly when downsizing.
- Major repairs: Selling as-is can save you from making costly repairs.
- Dislike of open houses: Avoid the stress of hosting open houses by selling for cash.
- Foundation issues: Homes with foundation issues can often be sold as-is to cash buyers.
- Foreclosure risk: A quick sale can help you avoid foreclosure and preserve your financial standing.
- Problem tenants: Cash buyers can take over properties with problem tenants.
- Selling from out of state: Selling to a cash buyer streamlines the process when selling from out of state.
Pros and cons of house-buying companies in Olympia
House-buying companies in Olympia can simplify the selling process, offering speed and convenience by purchasing your home as-is without requiring repairs or preparations.
Pros of working with house-buying companies in Olympia
The biggest advantage of selling to a house-buying company is the speed and convenience of the process. They’ll buy your house in any condition, saving you the time and cost of repairs or staging. Here are the key benefits:
- Fast closing: Cash offers allow you to close in as little as seven days, making this option ideal for urgent situations.
- Buy as-is: These companies purchase homes as-is, so you don’t need to spend time or money on repairs or updates.
- No contingencies: Without contingencies, the sale process is straightforward, reducing uncertainty and delays.
- Simplified process: The sale typically involves minimal paperwork, no showings, and no need to deal with buyer financing.
Cons of working with house-buying companies in Olympia
While house-buying companies offer speed and convenience, the trade-off is often a lower offer. These companies generally pay below market value compared to selling your home with a real estate agent. Here are the primary drawbacks:
- Lower offers: Expect to receive less than your home’s market value, which can be significant if you have time to sell traditionally.
- Potential for scams: Not all companies are reputable, and some sellers have fallen victim to scams.
- Limited negotiation: Most companies present take-it-or-leave-it offers, leaving you little room to negotiate terms.
- Loss of market exposure: Selling directly to a house-buying company means missing out on competitive offers from 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 Olympia home quickly
If you’re exploring fast-sale options, two alternative paths to consider are selling to an iBuyer or listing with a top real estate agent.
iBuyers
iBuyers, like Opendoor and Offerpad, use automated valuation models to make near-instant cash offers, typically for homes in good condition. The iBuyer process is fast, often closing in 7-14 days. While they may offer closer to market value than traditional house-buying companies, iBuyers typically charge a 5%-6% service fee. They’re best suited for homes in areas with consistent housing styles.
Listing with an agent
Working with a top-performing real estate agent may take longer but could result in the highest selling price. A trusted agent can provide a comparative market analysis to determine your home’s value—often free. Agents may also connect you with cash buyers willing to pay closer to market value. If you decide to explore this route, HomeLight can connect you with a proven professional in your area.
Both options offer unique benefits, and exploring them alongside house-buying companies can help you make the most informed decision.
FAQs on Olympia house-buying companies
By and large, most We Buy Houses for Cash companies in Olympia 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 Olympia 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 Olympia craftsman home could sell for $530,000 after repairs, but it will need $30,000 of work to get there.
($530,000 x .70) – $30,000 = $341,000
In this example, a Olympia We Buy Houses company might offer you around $341,000 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 Olympia 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 Olympia 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 Olympia vs. top Olympia 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 Olympia | Sell with a top Realtor in Olympia |
| Selling timeline | 7 to 30 days | 57 days average; 13 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 Olympia is worth about $550,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $575,000.
| Sell to a We Buy Houses for Cash company in Olympia | Sell with a top Realtor in Olympia | |
| Estimated sale price | ($575,000 x .70) – $25,000 = $377,500 | $550,000 |
| Market preparations | 0 | $5,500 (1% of sale price) |
| Agent commissions | 0 | $31,900 (5.8% of sale price) |
| Closing costs | 0 | $8,250 (1.5%) |
| Estimated take-home for seller | $377,500 | $504,350 |
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 sales are fast: Selling to a Cash-For-Homes company in Olympia often allows you to close in as little as 7-14 days.
- No repairs needed: Cash buyers purchase homes as-is, saving you the cost and time of fixing up your property.
- Offers may be below market value: These companies typically pay less than your home’s market value, trading price for speed and convenience.
- Explore all your options: Alternatives like iBuyers or listing with a real estate agent may offer higher payouts depending on your home’s condition and timeline.
- 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 Olympia agent.
Header Image Source: (iriana88w / Deposit Photos)
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