We Buy Houses Prattville: 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 house in Prattville quickly may seem challenging, especially if it needs repairs or you’re facing a sudden change in circumstances. However, We Buy Houses companies in Prattville offer a solution by making cash offers for homes, often as-is, eliminating the need for repairs or updates.
These companies provide a fast and convenient way for homeowners to sell their homes without the hassle of marketing their property. Whether you’re relocating, dealing with financial difficulties, or simply seeking a quick sale, working with a house-buying company can help you move forward with your plans.
In this guide, we’ll explore the pros and cons of working with these companies, give you some alternatives, and provide tips to help you decide if selling to a cash buyer in Prattville is the right choice for your needs.
Sell Your House Fast in Prattville 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 Prattville.
Working with house-buying companies in Prattville
Selling your home to a house-buying company in Prattville is a straightforward process designed to provide speed and simplicity. Here’s an easy-to-follow overview:
- Reach out to a company: Contact a reputable house-buying company and provide details about your property, including its condition, size, and location.
- Schedule an assessment: The company will arrange a time to evaluate your home, often within a few days of your inquiry.
- Receive an offer: Based on the evaluation, you’ll receive a no-obligation cash offer for your property.
- Review the agreement: Carefully examine the terms of the offer and the agreement to ensure you’re comfortable proceeding.
- Choose a closing date: If you accept the offer, you can often select a closing date that works for your timeline.
- Complete the sale: Finalize the paperwork, hand over the keys, and receive your cash payment, typically within days.
Popular We Buy Houses for Cash companies in Prattville
If the process of selling to a house-buying company in Prattville 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’ Bungalow or Cape Cod. By selling to one of these companies, you should be able to sell your Prattville home in as little as a week or two.
Moe Buys Homes
Moe Buys Homes was founded on January 1, 2019. It purchases homes in Alabama, Florida, and Georgia, with its headquarters in Orange Beach, Alabama.
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.
Phone: 251-299-9632
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Prattville (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 Prattville.
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 Prattville
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 makes a cash offer. Third, if the seller accepts the cash offer, the company typically closes within seven to 14 days.
Locations: Huntsville
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.
Phone: 256-607-4109
Best Homes & Property Solutions
Best Homes & Property Solutions has been around since 2020. Bill Brumbeloe, the redeveloper, has a passion for purchasing homes and rejuvenating neighborhoods. The company buys and sells houses in North Alabama, including Huntsville and Decatur.
Locations: North Alabama area around Huntsville
Closing costs: Best Homes & Property Solutions does not charge for their service.
Best Homes & Property Solutions has a Google Review rating of 5.0 stars.
Phone: 256-277-9888
Why sell your Prattville house for cash?
There are plenty of valid reasons a Prattville home seller may choose to work with a Cash-For-Homes company. Speed, certainty, and remarkable are some of the most common.
In Prattville, it typically takes around 88 days to sell a home on the market using an agent. That includes an average of 44 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 Prattville, 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.
Selling for cash can be a smart choice in certain situations. Below are common scenarios where this option might suit your needs:
- Job relocation: You need to sell your home quickly to move for a new job opportunity.
- Divorce: A divorce prompts the need to split assets and move forward separately.
- Inherited property: You’ve inherited a home and want to sell quickly to avoid maintenance and taxes.
- Downsizing: You’re downsizing and looking for a simpler, faster transaction.
- Repairs: Your home requires costly repairs that you can’t afford or don’t want to handle.
- Open houses: You prefer to skip open houses and avoid showing your home to buyers.
- Foundation issues: The house has significant foundation problems that scare away traditional buyers.
- Foreclosure: You’re facing foreclosure and want to sell quickly to settle your debts.
- Tenants: Managing difficult tenants in a rental property has become unmanageable.
- Selling from out of state: You need to sell while living out of state.
Pros and cons of house-buying companies in Prattville
Selling to a house-buying company can offer notable benefits and drawbacks. Here’s what you need to know:
Pros
These companies provide speed and convenience, buying homes as-is without requiring repairs or contingencies.
- Fast closing: You can close in as little as a few days, ideal for urgent situations.
- No repairs needed: As-is sales save you time, money, and effort.
- Simplified process: No contingencies or traditional buyer demands.
- Certainty: Cash offers eliminate the risk of deals falling through due to financing issues.
Cons
However, cash sales often come with trade-offs, including lower offers and potential risks.
- Below market value: Offers are often lower than market value.
- Limited negotiation: House-buying companies typically present take-it-or-leave-it offers.
- Potential scams: Watch out for scams or predatory practices.
- Less transparency: Some companies provide limited details about their pricing methods.
Before moving forward, make sure to vet cash buyers and understand the value of your home 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 quality of your experience with a house-buying company depends on its integrity and transparency. Take these steps to protect your interests:
- Check reviews and testimonials: Look up the company’s reputation online.
- Research their market presence: Verify their experience in buying homes in Prattville.
- Read the agreement carefully: Understand all terms 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 Prattville home quickly
iBuyers: iBuyers offer fast, all-cash transactions for homes in good condition using automated valuation models. Service fees of 5%-6% apply, and closings typically occur within two weeks.
Listing with an agent: A top agent can price and market your home strategically, potentially yielding higher offers. You’ll receive a comparative market analysis and may attract cash buyers. HomeLight can connect you with an experienced agent in Prattville.
FAQs on Prattville house-buying companies
By and large, most We Buy Houses for Cash companies in Prattville 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 Prattville 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 Prattville Bungalow 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 Prattville 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 Prattville 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 Prattville 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 Prattville vs. top Prattville 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 Prattville | Sell with a top Realtor in Prattville |
| Selling timeline | 7 to 30 days | 88 days average; 44 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 Prattville is worth about $250,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $275,000.
| Sell to a We Buy Houses for Cash company in Prattville | Sell with a top Realtor in Prattville | |
| Estimated sale price | ($275,000 x .70) – $25,000 = $167,500 | $250,000 |
| Market preparations | 0 | $2,500 (1% of sale price) |
| Agent commissions | 0 | $7,500 (3%) |
| Closing costs | 0 | $3,750 (1.5%) |
| Estimated take-home for seller | $167,500 | $236,250 |
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 simplicity: House-buying companies offer quick cash sales without requiring repairs.
- Lower offers: Expect below-market-value offers in exchange for convenience.
- Vet carefully: Research the company and review agreements before committing.
- Explore other options: iBuyers or top agents may also suit your needs.
- Know your home’s value: Equip yourself with comprehensive knowledge. Obtain a comparative market analysis to determine the worth of your Prattville home, ensuring you’re making an informed decision.
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 Prattville agent.
Editor’s note: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Prattville area “We Buy Houses” companies should not be considered an endorsement.
Header Image Source: (j.hendrickson3 / Deposit Photos)
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.