We Buy Houses Rancho Cucamonga: 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.
Are you a Rancho Cucamonga homeowner looking to sell your house as fast as possible? You might want to consider selling your house for cash to a “We Buy Houses” company.
These companies purchase properties for cash, regardless of their condition, and will usually complete the transaction in a matter of days. This is usually best when you simply can’t go through the traditional real estate sale process due to an emergency or unexpected situation.
This article will serve as a guide to the pros and cons of working with house-buying companies in Rancho Cucamonga. We will also show you how the process works, give you some companies to consider, and provide you with alternatives.
Sell Your House Fast in Rancho Cucamonga 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 Rancho Cucamonga.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Rancho Cucamonga area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Rancho Cucamonga
Selling your home for cash in Rancho Cucamonga is a simple process, but there are few steps to go through before you can receive your cash. Here’s a quick guide to how it works:
1. Contact the company: Reach out to a reputable house-buying company in Rancho Cucamonga through their website or phone number to express your interest in selling your home.
2. Schedule a home visit: Set up a convenient time for the company to visit your property and conduct an assessment. This visit helps them determine the condition and value of your home.
3. Receive an offer: After the home visit, the company will present you with a no-obligation, all-cash offer. This offer typically reflects the current market value of your home minus any needed repairs.
4. Review the offer: Take the time to review the offer carefully. Consider the convenience of a fast sale against the offer price to ensure it meets your needs.
5. Accept the offer: If you decide the offer is acceptable, sign the agreement to move forward with the sale. The company will guide you through the necessary paperwork.
6. Close the sale: The final step is closing the sale. The company will handle most of the details, and you’ll receive your cash payment, often within a week or two.
Popular We Buy Houses for Cash companies in Rancho Cucamonga
If the process of selling to a house-buying company in Rancho Cucamonga 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’ Spanish colonial revival or Mediterranean. By selling to one of these companies, you should be able to sell your Rancho Cucamonga home in as little as a week or two.
Bigger Equity
BiggerEquity is a nationwide house-buying company that began operations in 2016. The company says it can make a cash offer in as little as seven minutes and close as quickly as seven days.
Locations: BiggerEquity buys houses throughout California, including Rancho Cucamonga. The company serves homeowners in all 50 U.S. states.
Closing costs: Sellers pay no closing costs; BiggerEquity covers them.
BiggerEquity has been BBB accredited since 2018 and holds an A+ rating and 4.8 stars on Google. Customer reviews on Google for BiggerEquity speaks to a smooth, transparent, and up-front process without pressure or surprises.
Website: biggerequity.com/california/rancho-cucamonga
Phone number: 866-333-8377
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Rancho Cucamonga (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 Rancho Cucamonga.
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 Rancho Cucamonga.
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
Stewardship Properties
Stewardship Properties was established in 1989 by Bill Syrios, they specialize in transforming distressed properties into quality affordable housing. They also engage private lenders, ensuring consistent funding and rewarding them generously for their trust.
Locations: Rancho Cucamonga and surrounding areas.
Closing costs: Stewardship Properties often pays for closing costs.
Customers appreciate the ease of communication through both phone and text. A standout feature for clients is the company’s fair cash offers for houses, complemented by their thorough explanation of how they arrive at their offer figures. They have a Google review rating of 4.2.
Website: stewardshipproperties.com/california/rancho-cucamonga
Phone number: 1-855-808-5208
SoCal Home Buyers
SoCal Home Buyers specializes in acquiring various properties, from single-family fixer-uppers to turn-key multifamily homes. Following a quick evaluation, the company can offer a closing on your home within as little as seven days.
Locations: Rancho Cucamonga, San Bernardino, Riverside, Los Angeles, San Diego, and Orange counties.
Closing costs: You pay no closing costs; SoCal Home Buyers cover them.
SoCal Home Buyers SoCal Home Buyers maintain an A+ rating from the Better Business Bureau. The company holds a 4.8-star rating on Google reviews. Clients appreciated recommendations for probate attorneys and a subsequent offer increase.
Website: socalhomebuyers.com/san-bernardino/rancho-cucamonga
Phone number: 855-835-2544
Casey Buys Houses
Casey Buys Houses can extend an offer on your home within 24 hours and close the transaction in as little as seven days if necessary. The company will work with you on a closing date that meets your needs.
Locations: Inland Empire cities, including Rancho Cucamonga.
Closing costs: Sellers pay no closing costs; Casey Buys Houses covers them.
Casey Buys Houses holds a 5-star rating on Google. Customer reviews mention Casey’s clear communication, house-flipping expertise, and professionalism.
Website: caseybuyshouses.com/rancho-cucamonga-ca
Phone number: 909-455-9496
Why sell your Rancho Cucamonga house for cash?
Selling your Rancho Cucamonga home for cash is a great fit for anyone who needs to get rid of their property as quickly as possible, especially compared to selling through a real estate agent.
In Rancho Cucamonga, it typically takes around 71 days to sell a home on the market using an agent. That includes an average of 29 days on the market plus 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 Rancho Cucamonga, 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.
Here are some common scenarios where working with a house-buying company might make sense:
- Job relocation: You need to move quickly for a new job opportunity and don’t have time for a traditional home sale.
- Divorce: You and your spouse are separating and need to divide assets swiftly without the stress of a prolonged home sale.
- Inherited: You’ve inherited a property and prefer to sell it quickly rather than manage or maintain it.
- Downsizing: You want to move to a smaller home or retirement community and wish to expedite the sale of your current property.
- Repairs: Your home requires significant repairs that you cannot afford or do not want to handle.
- Foundation: Your home has serious foundation issues that make a traditional sale challenging.
- Foreclosure: You’re at risk of foreclosure and need to sell quickly to settle your debts and protect your credit.
- Tenants: You’re a landlord who wants to sell a rental property without evicting tenants.
- Open houses: You want to avoid the hassle and invasion of privacy that comes with staging and holding open houses.
- Selling from out of state: You live far away and need a quick, easy way to sell your property remotely.
Pros and cons of house-buying companies in Rancho Cucamonga
Selling to a house-buying company offers speed and convenience, but there are other benefits. Here are the main things to consider:
- Quick sale: House-buying companies can close the sale in as little as a week, providing a fast solution for those in urgent situations.
- No repairs needed: You can sell your house as-is, without spending time or money on repairs or renovations.
- Certainty: Cash offers from house-buying companies are typically straightforward, with fewer contingencies, providing more certainty in the transaction.
- Convenience: The process is simplified, with the company handling most of the paperwork and details, making it hassle-free.
However, selling to a house-buying company also has its downsides. The most significant drawback is that they often offer below market value for your home compared to what you might get with a real estate agent.
- Lower offers: You will likely receive less than your home’s market value, impacting your potential profit.
- Potential for scams: There are scams in the industry, so it’s crucial to vet companies carefully to avoid fraudulent buyers.
- Limited negotiation: These companies usually present take-it-or-leave-it offers, leaving little room for negotiation on the price.
- Emotional detachment: Selling to a company may feel impersonal compared to selling to a family or individual who will cherish the home.
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 selling your home to a We Buy Houses for Cash company in Rancho Cucamonga, the level of integrity and service can vary. Your experience will depend on the character of the person or group making the offer. Here’s how to ensure you get the best deal:
- Check reviews: Look up online reviews and ratings to see what other sellers have experienced with the company.
- Read testimonials: Go through testimonials on the company’s website and other platforms to gauge their reliability and service quality.
- Research market presence: Investigate the company’s presence and performance in the market to ensure they are reputable and experienced.
- Review the buying agreement: Carefully read the buying agreement before signing to understand all terms and conditions.
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 Rancho Cucamonga home quickly
iBuyers
iBuyers use automated valuation models (AVMs) to provide instant cash offers, often closer to market value, for homes in good condition. The process is quick, from a few days to two weeks, but iBuyers like Opendoor and Offerpad charge 5%-6% service fees. They suit sellers in regions with similar housing.
Listing with an agent
While it may seem unexpected in a Cash-For-Homes context, listing with a top real estate agent can result in a fast sale in a strong market. Agents provide a comparative market analysis (CMA) to help set a competitive price, and many offer this service often for free. Partnering with an agent can yield the highest price, and experienced agents may connect you with buyers offering close-to-market cash offers. If you explore this option, HomeLight can connect you with a top-performing agent in your area.
FAQs on Rancho Cucamonga house-buying companies
By and large, most We Buy Houses for Cash companies in Rancho Cucamonga 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 Rancho Cucamonga 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 Rancho Cucamonga Spanish colonial revival home could sell for $700,000 after repairs, but it will need $30,000 of work to get there.
($700,000 x .70) – $30,000 = $460,000
In this example, a Rancho Cucamonga 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 Rancho Cucamonga 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.
1. Research and vet the house-buying companies that serve your Rancho Cucamonga 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 Rancho Cucamonga vs. top Rancho Cucamonga 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 Rancho Cucamonga | Sell with a top Realtor in Rancho Cucamonga |
| Selling timeline | 7 to 30 days | 71 days average; 29 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 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 Rancho Cucamonga is worth about $700,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $725,000.
| Sell to a We Buy Houses for Cash company in Rancho Cucamonga | Sell with a top Realtor in Rancho Cucamonga | |
| Estimated sale price | ($725,000 x .70) – $25,000 = $465,000 | $700,000 |
| Market preparations | 0 | $7,000 (1% of sale price) |
| Agent commissions | 0 | $40,600 (5.8% of sale price) |
| Closing costs | 0 | $10,500 (1.5%) |
| Estimated take-home for seller | $465,000 | $641,900 |
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
- Quick sale: Selling to a house-buying company offers the speed and convenience of closing within days or weeks.
- No repairs needed: You can sell your home as-is without spending time or money on repairs or preparations.
- Certainty and simplicity: Cash offers come with fewer contingencies, providing a straightforward and reliable transaction.
- Lower offers: Expect to receive less than your home’s market value compared to traditional market sales.
- Varying experiences: The level of service and integrity can differ between companies, so vetting is essential.
- Alternative options: Consider exploring iBuyers or listing with an agent for potentially higher offers and competitive sales.
- 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 Rancho Cucamonga agent.
Header Image Source: (bonandbon/ Depositphotos)
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