4 Top We Buy Houses for Cash Companies in Pueblo
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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 Pueblo and need to sell your home quickly, “We Buy Houses” companies can offer a lifeline with all-cash offers, especially for properties requiring renovation. These companies can provide a quick solution for those lacking the time, expertise, or resources to make repairs, enabling sellers to move forward with their life plans without delay.
Opting for a cash-for-homes company can be an ideal response to unexpected or urgent circumstances. This post aims to outline both the pros and cons and help you make an informed decision.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Pueblo area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Pueblo
Selling your home to a house-buying company can be straightforward, but there are still some things you should know. Here’s a quick look at the process and what you can expect.
1. Find a reputable company: Research and select a trustworthy house-buying company in Pueblo. Look for reviews and testimonials to ensure they have a solid track record.
2. Submit your property details: Contact the company with information about your home. This typically includes filling out a form on their website or directly contacting them to discuss your property.
3. Receive an offer: The company will review your home’s details, possibly conduct an inspection, and then make a cash offer. This offer is usually non-negotiable, providing a straightforward path to sale.
4. Accept the offer: If it meets your needs, you can accept it to proceed with the sale. There’s no obligation to accept, allowing you to consider what’s best for your situation.
5. Close the sale: Once you accept the offer, closing can occur on a timeline that suits you, often within a week. The company handles most of the paperwork, making the process as hassle-free as possible.
6. Receive your cash: After closing, you’ll receive the agreed-upon cash amount for your home, enabling you to move on to your next chapter quickly.
Popular We Buy Houses for Cash companies in Pueblo
If the process of selling to a house-buying company in Pueblo 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’ Classic Colonial or Contemporary Style house. By selling to one of these companies, you should be able to sell your Pueblo home in as little as a week or two.
I Buy Pueblo Houses
I Buy Pueblo Houses, founded by Zac Wilson, a native of Pueblo, offers a straightforward and hassle-free way for homeowners in Pueblo and occasionally Colorado Springs to sell their properties.
Locations: Pueblo and Colorado Springs
Closing costs: Sellers pay no closing costs; I Buy Pueblo Houses covers them.
Clients of I Buy Pueblo Houses consistently express high satisfaction with their experiences, particularly praising Zack for his fair, stress-free approach and excellent communication. They have a Google review rating of 4.9.
Website: ibuypueblohouses.com
Phone number: 719-299-0741
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Pueblo (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 Pueblo.
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 Pueblo
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
ZechBuysHouses LLC
ZechBuysHouses LLC is a family-owned real estate solutions company based in Colorado Springs, Colorado. The company specializes in buying properties from homeowners in challenging situations such as foreclosure or those unable to sell through traditional means.
Locations: Pueblo and Colorado Springs
Closing costs: Sellers pay no closing costs; ZechBuysHouses covers them.
ZechBuysHouses has been BBB accredited since 2017 and holds an A+ BBB grade rating. Clients of ZechBuysHouses consistently report exceptional experiences, praising the team for their professionalism and ability to secure great offers on properties. They have a Google review rating of 4.6.
Website: zechbuyshouses.com
Phone number: 719-426-2494
Colorado Cash For Keys
Colorado Cash For Keys, founded by Andrew Hoelzel, with 15 years of experience in real estate, is a family-owned business based in Fort Collins that provides comprehensive real estate solutions across Colorado.
Locations: Pueblo and all over Colorado
Closing costs: Sellers pay no closing costs; Colorado Cash For Keys covers them.
Reviews highlight the company’s integrity, with Andrew notably keeping his promises and simplifying transactions for sellers in challenging situations or living out of state. They have a Google review rating of 4.9.
Website: coloradocashforkeys.com
Phone number: 970-692-9446
Why sell your Pueblo house for cash?
There are plenty of valid reasons a Pueblo home seller may choose to work with a Cash-For-Homes company. The ease and speed of the transaction are some of the biggest benefits of this approach.
In Pueblo, it typically takes around 96 days to sell a home on the market using an agent. That includes an average of 49 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 Pueblo, 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.
Why sell your Pueblo house for cash?
Choosing to sell your Pueblo home for cash through a house-buying company can be a practical solution for various urgent reasons. Here’s a closer look at scenarios where this option might be fitting:
- Job relocation: When a new job requires you to move quickly, selling for cash ensures a swift transition.
- Divorce: Splitting assets can be simpler with a fast, cash sale of your home.
- Inherited property: Liquidating an inherited home without the hassle of traditional selling methods.
- Downsizing: Moving to a smaller, more manageable home or community without delay.
- Major repairs needed: Avoid the cost and time of fixing significant issues like a faulty foundation.
- Avoiding foreclosure: Offering a way out to settle debts and avoid credit damage.
- Problematic tenants: Selling a rental property swiftly to relieve the burden of management.
- Selling from out of state: Making the sale of a Pueblo home easier without the need to return.
Pros and cons of house-buying companies in Pueblo
Before you decide, consider the benefits and drawbacks of selling your home to a house-buying company in Pueblo.
Pros:
- Quick sale: You can potentially close in as little as a week.
- As-is purchase: These companies will buy your home in its current condition, removing the need for repairs.
- No contingencies: This straightforward process eliminates common sale hurdles.
- Avoid showing and marketing: Save yourself the stress of open houses or staging your home.
Cons:
- Below market value: Expect offers to be less than what you might receive on the open market, often significantly so.
- Limited negotiation: The offer you receive is usually take-it-or-leave-it, providing less flexibility.
- Potential for scams: It’s vital to research companies thoroughly to avoid scams.
- Less profit: The convenience of a quick sale comes at the cost of accepting a lower offer for your property.
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
Choosing to sell your Pueblo home for cash means navigating a market with varying levels of service and integrity. The experience you have will significantly depend on the company you select.
Thoroughly vetting the house-buying company—by checking reviews, reading testimonials, and researching its market presence—is essential before committing to their offer.
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 Pueblo home quickly
For homeowners seeking a rapid sale, exploring options beyond Cash-For-Homes companies is essential:
- iBuyers: Instant buyers use automated valuation models (AVMs) to make all-cash offers for homes in good condition, often closer to market value. The iBuyer process, from offer to closing, is quick but may include service fees. Examples include Opendoor and Offerpad.
- Listing with an agent: Selling through a top real estate agent can secure a fast sale at the best possible price in seller-friendly markets. Agents provide valuable insights through a comparative market analysis (CMA), which is often free, helping you price your home competitively. HomeLight can connect you with leading agents in your area.
FAQs on Pueblo house-buying companies
By and large, most We Buy Houses for Cash companies in Pueblo 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 Pueblo 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 Pueblo Colonial could sell for $300,000 after repairs, but it’s going to need $30,000 of work to get there.
($300,000 x .70) – $30,000 = $180,000
In this example, a Pueblo We Buy Houses company might offer you around $180,000 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 Pueblo 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 there are any hidden program fees that might impact your bottom line.
1. Research and vet the house-buying companies that serve your Pueblo area. Our list above is a good place to start.
2. Submit offer requests to a few of the companies you like best.
3. Schedule any required on-site property visits.
4. Compare offers. Weigh the pros and cons and choose the best option for you.
5. 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 Pueblo vs. top Pueblo 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 Pueblo | Sell with a top Realtor in Pueblo |
| Selling timeline | 7 to 30 days | 96 days average; 49 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 put together 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 Pueblo is currently 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 Pueblo | Sell with a top Realtor in Pueblo | |
| 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 | $17,400 (5.8% of sale price) |
| Closing costs | 0 | $4,500 (1.5%) |
| Estimated take-home for seller | $202,500 | $275,100 |
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
- Explore all options: Consider iBuyers and traditional sales to understand your best route.
- Understand fees: Be aware of potential service fees with iBuyers.
- Use CMAs: Take advantage of free CMAs to price your home competitively.
- Consult experts: A top agent can offer invaluable market insights.
- Weigh offers: Compare all cash offers carefully before deciding.
- Below market value: Cash offers will be less than a sale on the open market.
- 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 Pueblo agent.
Header Image Source: (wolfields/ Pixabay)
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