We Buy Houses Redding, CA: Top 5 Companies
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Joseph Gordon EditorCloseJoseph Gordon Editor
Joseph Gordon is an Editor with HomeLight. He has several years of experience reporting on the commercial real estate and insurance industries.
Are you a Redding homeowner who needs to sell your home in days, not months?
A We Buy Houses company in Redding, CA, might be exactly what you need. These companies make all-cash offers for homes regardless of the property’s condition. This empowers sellers who lack the time, expertise, and money for repairs to sell their homes quickly, without the headaches of the traditional market.
Maybe you started a new job, or you’re under the threat of a pending foreclosure. Perhaps you need to cash out an inherited Redding property to settle an estate. Regardless of the reason, if you need to sell your Redding home quickly, a We Buy Houses for Cash company could be the best solution.
However, it’s important to know what a Redding house-buying company might offer for your home and weigh your options. Once you’re familiar with the process, you can select a company on our list of some of the top contenders and get moving.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Redding area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Redding
We Buy Houses companies in Redding typically promise to give home sellers quick, convenient all-cash offers, closing the transaction quickly, often wrapping up the property sale in as few as seven days, sometimes less.
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. The initial offer is typically subject to change after they have inspected your home, but sometimes you’ll get a preliminary offer before the house is inspected.
- The company performs a walk-through. This is an on-site visit that is usually completed within 24 to 48 hours, but the timeframe can vary, sometimes catering to your schedule.
- You receive a firm offer. After the inspection, you’ll get a cash offer. This is most often after 24 hours but can sometimes be presented at the end of the walk-through. This offer is “take it or leave it”; most WBH companies do not negotiate.
- If you accept the offer, you’ll both sign a sales contract. Once you sign, you begin the closing process. Some WBH companies will provide a large deposit or funds to assist the seller with moving costs.
- 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 sometimes happen in a few days. Some companies will work with you in a closing date that best fits your needs.
Popular We Buy Houses for Cash companies in Redding
If the process of selling to a house-buying company in Redding 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-style or craftsman-style home. By selling to one of these companies, you should be able to sell your Redding home in as little as a week or two.
NorCal Home Offer
NorCal Home Offer is a real estate solutions and investment firm based in Redding, Calif. It specializes in helping homeowners sell their properties quickly and without hassle. Sellers can avoid dealing with agents and still close with reputable title companies, choosing their preferred closing timeline.
Locations: Northern California, including Redding.
Closing costs: Sellers pay no closing costs; NorCal Home Offer covers them.
NorCal Home Offer boasts a 5.0-star rating on Google.
Website: norcalhomeoffer.com
Phone number: 530-364-5565
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Redding (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 Redding.
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 Redding
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
Butte Home Buyers
Butte Home Buyers is a local real estate solutions company that focuses on helping homeowners sell their houses quickly and hassle-free. It provides cash offers and fast closings for those facing challenging situations such as foreclosure, job relocation, inherited properties, or other financial concerns.
Locations: Serving Redding and surrounding areas in Northern California
Closing costs: Sellers pay no closing costs; Butte Home Buyers cover them.
Butte Home Buyers holds a 4.9-star rating on Google and an A+ rating on BBB.
Website: buttehomebuyers.com
Phone number: 530-230-3560
Priority Home Buyers
Priority Home Buyers provides a fast, fair cash offer process, promising offers within one hour and closings in as little as seven days. They are active in San Bernardino and have a local market specialist on staff.
Locations: Nationwide, including Redding.
Closing costs: Sellers pay no closing costs; Priority Home Buyers cover them.
Priority Home Buyers has been accredited by the Better Business Bureau (BBB) since 2023 and holds an A rating. The San Bernardino chapter also has a 5.0 Google star rating.
Website: priorityhomebuyers.com
Phone number: 909-640-3797
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 Redding. 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.
Website: biggerequity.com
Phone number: 866-333-8377
Why sell your Redding house for cash?
Is selling your Redding home for cash the right move for you? Customers of We Buy Houses companies will usually cite the fast closing process and overall ease of the transaction, especially when compared to selling via the traditional market.
In Redding, it typically takes around 79 days to sell a home on the market using an agent. That includes an average of 35 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 Redding, 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.
- Job relocation: You need to sell your home quickly to move for a new job opportunity.
- Divorce: Selling your house for cash can help you move forward faster during a divorce.
- Inherited property: A cash sale can simplify managing a house you inherited, especially if you’re out of town.
- Downsizing: If you’re transitioning to a smaller space, selling for cash avoids the delays of traditional market listings as you downsize.
- Extensive repairs: Avoid the time and expense of fixing up a property by selling it as-is, especially if it needs repairs.
- Avoiding open houses: Cash buyers eliminate the need for staging and open houses.
- Foundation issues: Selling for cash lets you bypass the challenge of dealing with foundation problems.
- Facing foreclosure: A cash offer can help you settle debt and avoid the long-term impact of foreclosure.
- Problem tenants: If you’re managing a rental property, selling for cash can ease the process of dealing with tenants.
- Selling from out of state: Selling remotely is made easier with a quick cash sale when you’re selling from out of state.
Pros and cons of house-buying companies in Redding
Pros of house-buying companies in Redding
Selling to a house-buying company offers speed and simplicity. These companies purchase homes in as-is condition, saving you the time and expense of repairs or staging. Here’s an at-a-glance summary of the key benefits:
- Fast sale timeline: You can close in as little as a week, providing a quick solution for pressing financial or personal circumstances.
- No repairs needed: You can sell your house as-is without fixing up anything, even if the property has significant issues.
- Skip showings and contingencies: You avoid the hassle of showings and contingencies, creating a more straightforward transaction.
- Guaranteed offer: You don’t have to worry about a deal falling through due to financing or inspection issues.
Cons of house-buying companies in Redding
The biggest drawback of selling to a house-buying company is that they often pay below market value. While speed and convenience are appealing, you should weigh this tradeoff carefully. Below are other potential drawbacks to consider:
- Lower offer price: You’ll likely receive less money than you would by listing your home on the open market.
- Limited negotiation: Most house-buying companies stick to their initial offer, leaving little room to negotiate.
- Potential for scams: Some companies are less reputable, making it essential to watch for scams.
- Less control over terms: You give up control of the sale process, as the buyer typically dictates the terms and timeline.
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 Redding home quickly
iBuyers
iBuyers are instant buyers that use automated valuation models (AVMs) to provide near-instant home value estimates and cash offers. The mostly online iBuyer process is quick—offers close in days or weeks—and works best for homes in good condition. However, companies like Opendoor and Offerpad charge service fees of 5%-6%.
Listing with an agent
Partnering with a top agent could result in a fast, profitable sale, especially in a seller’s market. Agents often provide a comparative market analysis (CMA) to determine your home’s value. CMAs are often free, and an experienced agent may connect you with cash buyers for competitive offers.
HomeLight can connect you with a top-performing agent to explore this option further.
FAQs on Redding house-buying companies
By and large, most We Buy Houses for Cash companies in Redding 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 Redding 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 Redding ranch-style home could sell for $380,000 after repairs, but it will need $30,000 of work to get there.
($380,000 x .70) – $30,000 = $236,000
In this example, a Redding We Buy Houses company might offer you around $236,000 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 Redding 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 Redding 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 Redding vs. top Redding 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 Redding | Sell with a top Realtor in Redding |
Selling timeline | 7 to 30 days | 79 days average; 35 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 Redding is worth about $380,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $405,000.
Sell to a We Buy Houses for Cash company in Redding | Sell with a top Realtor in Redding | |
Estimated sale price | ($405,000 x .70) – $25,000 = $258,500 | $380,000 |
Market preparations | 0 | $3,800 (1% of sale price) |
Agent commissions | 0 | $11,400 (3%) |
Closing costs | 0 | $5,700 (1.5%) |
Estimated take-home for seller | $258,500 | $359,100 |
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
- We Buy Houses for Cash companies in Redding can conveniently sell your home in as few as 3-7 days with no repairs, open houses, or showings.
- There are many established house-buying companies that serve Redding, but it’s wise to vet the business and know your home’s value before you commit.
- Cash-for-homes companies typically pay less than market value for houses versus using a top real estate agent or iBuyer.
- HomeLight’s Simple Sale platform provides no-obligation, all-cash offers for homes in almost any condition in Redding. Because the platform has partner investors with different buying parameters across the region, it can be a great starting point if you aren’t sure who would buy your home.
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 Redding agent.
Header Image Source: (Jose Rago/Unsplash)