5 Top We Buy Houses for Cash Companies in Savannah
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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.
In Savannah, “We Buy Houses” companies offer an immediate option for homeowners looking to sell, particularly when their properties require repairs. These all-cash offers are ideal for sellers who don’t have the time, finances, or expertise to undertake renovations.
Turning to a cash sale can be especially beneficial for those facing urgent or unexpected situations, providing a straightforward way to sell without the delays and hurdles of conventional real estate transactions.
This post will dig into the advantages and disadvantages of dealing with house-buying companies in Savannah, helping you to make an informed decision about whether this route is right for you.
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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 Savannah area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Savannah
For homeowners in Savannah looking for a fast way to sell their homes, working with a house-buying company can be a straightforward option. This section outlines the steps you would follow to sell your house to one of these companies.
- Research companies: Begin by investigating reputable house-buying companies in Savannah. Look for those with strong track records and positive reviews from past sellers.
- Submit your property details: Reach out to the company with information about your home. This usually means filling out an online form on their website with details about your property’s location, condition, and features.
- Receive an offer: The company will assess your property details and typically present you with a cash offer quickly, often within a few days.
- Accept the offer: If the offer aligns with your expectations, you can accept it. It’s important to note that these offers are usually non-negotiable.
- Close the sale: The sale can often be closed in as little as a week, with the closing taking place at a reputable attorney or title company to ensure the transaction is smooth and legitimate.
- Receive your money: After closing, you’ll receive the cash for your home, allowing you to move on from your property quickly.
This streamlined process is designed to help you sell your home in Savannah quickly and with minimal hassle. For more details, visit HomeLight’s guide on selling a house for cash.
Popular We Buy Houses for Cash companies in Savannah
If the process of selling to a house-buying company in Savannah 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 parents’ Colonial or Contemporary. By selling to one of these companies, you should be able to sell your Savannah home in as little as a week or two.
Cash 4 Keys Home Buyers
Cash 4 Keys Home Buyers offers solutions to homeowners facing challenging situations. They specialize in fast, “as-is” purchases for fair cash prices. They will not purchase every property, but will guide sellers in the right direction, even if it means exploring other options.
Locations: Savannah and surrounding areas
Closing costs: Sellers pay no closing costs; Cash 4 Keys Home Buyers covers them.
Sellers appreciate the seamless and professional closing experience, noting the immediate transfer of funds as a testament to the company’s efficiency. They have a Google review rating of 4.9.
Website: cash4keyshomebuyers.com
Phone number: 912-325-9640
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Savannah (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 in different locations throughout Savannah, even those that need some or a lot of work.
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 Savannah.
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
Trusted Home Buyers
Trusted Home Buyers specializes in tackling foreclosures and navigating the probate process, Trusted Home Buyers offers a lifeline to individuals and families in distress, ensuring a seamless transition and a new beginning.
Locations: Savannah and surrounding areas
Closing costs: Sellers pay no closing costs; Trusted Home Buyers cover them.
Clients appreciate the company’s integrity and reliability, especially during challenging times, praising its fair offers and accommodating changes in closing dates on short notice. They have a Google review rating of 5.0.
Website: houseofferfast.com
Phone number: 912-443-6726
Local Key Offer
Local Key, LLC delivers tailored solutions to property owners grappling with difficulties such as foreclosure and probate, underscoring its dedication to aiding the community and making a meaningful impact in the lives of its members.
Locations: Savannah and all over Georgia
Closing costs: Sellers pay no closing costs; Local Key Offer covers them.
The team’s approachable and dependable manner, coupled with their efficient service, highlights their dedication to providing a seamless and satisfactory experience for each client, making Local Key Offer a top choice for those needing quick real estate solutions. They have a Google review rating of 5.0.
Website: localkeyoffer.com
Phone number: 678-769-4544
Georgia Cash Home Buyers
Georgia Cash Home Buyers provides cash offers for houses across the state, offering a hassle-free process, and emphasizing their willingness to present the best possible offer without any obligation on the homeowner’s part.
Locations: Savannah and anywhere in Georgia
Closing costs: Sellers pay no closing costs; Georgia Cash Home Buyers cover them.
Georgia Cash Home Buyers is celebrated for offering the fastest and simplest solution for selling homes, with clients urging others to contact them for superior deals. Clients have had positive experiences with the company, emphasizing the fairness of the deals they received. They have a Google review rating of 5.0.
Website: webuyanyhouseatlanta.com
Phone number: 404-671-8376
Why sell your Savannah house for cash?
There are plenty of valid reasons a Savannah home seller may choose to work with a Cash-For-Homes company, such as speed, and an easy transaction process.
In Savannah, it typically takes around 94 days to sell a home on the market using an agent. That includes an average of 47 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 Savannah, 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 of the most common reasons homeowners choose this route:
- Job relocation: When you’re moving quickly for a new job and need a fast sale.
- Divorce: If you’re going through a divorce and need to liquidate your assets quickly and efficiently.
- Inherited: When you’ve inherited a property and prefer a quick sale over the traditional market’s uncertainties.
- Downsizing: If you’re looking to downsize and want a simple, fast selling process.
- Repairs: When your home needs significant repairs and selling as-is is more appealing than investing in costly renovations.
- Foundation issues: If you’re facing expensive foundation repairs and prefer to sell the property as-is.
- Foreclosure: When trying to avoid foreclosure and its impact on your financial situation and credit score.
- Tenants: If you want to sell a rental property but currently have tenants, a cash sale can take out the stress of this process.
- Selling from out of state: Managing a property sale from another state can be complex, and a quick cash sale can simplify the process.
Pros and cons of house-buying companies in Savannah
When considering selling your home to a house-buying company in Savannah, weighing the benefits against the potential downsides is crucial.
Pros:
- Speed: Selling to a house-buying company can significantly speed up the process, often allowing you to close in as little as a week.
- No need for repairs: Your home can be sold as-is, eliminating the need for any repairs or renovations before sale.
- Simplicity: The sale process is straightforward, with fewer contingencies and paperwork than traditional real estate transactions.
- Avoid foreclosure: For homeowners facing foreclosure, selling to a house-buying company can provide a quick exit and financial relief.
Cons:
- Below market value: You will likely receive an offer that’s below market value, which is the trade-off for speed and convenience.
- Limited negotiation: Offers from house-buying companies are typically non-negotiable, giving you less control over the sale price.
- Risk of scams: There’s a higher risk of encountering scams with less reputable companies, so thorough vetting is essential.
- Missed market gains: By not selling on the open market, you might miss out on potential gains, especially in a rising 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
When you decide to work with a “We Buy Houses for Cash” company in Savannah, it’s important to remember that the level of integrity and service offered can significantly differ from one company to the next.
Your experience will largely depend on the character and professionalism of the person or group making you an offer. Before committing to a cash offer, taking the time to vet the company thoroughly is crucial. Check online reviews, read testimonials from past sellers, and research its market presence and performance to ensure you deal with a reputable entity.
Additionally, understanding the value of your home is key before signing any buying agreement. Take a moment to compare the offer to your home’s estimated market value and read the buying agreement carefully.
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 Savannah home quickly
iBuyers: Instant buyers, or iBuyers, use automated valuation models (AVMs) to make fast, all-cash offers close to market value for homes in good condition. The iBuyer process, mostly online, can complete sales in just a few days to two weeks. While they offer convenience, be aware of service fees around 5%-6%. iBuyers like Opendoor and Offerpad are best for homes in areas with uniform housing markets.
Listing with an agent: Although selling through an agent might seem slower, in seller-friendly markets, it can lead to a fast sale at potentially higher prices. Top agents can sell homes for significantly more, backed by HomeLight’s data. Agents provide a comparative market analysis (CMA) to help price your home competitively, which is often free. An experienced agent might also find cash buyers willing to pay near market value. If you’re considering this route, HomeLight can connect you with top agents in your area.
FAQs on Savannah house-buying companies
By and large, most We Buy Houses for Cash companies in Savannah 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 Savannah 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 Savannah Dutch Colonial could sell for $335,000 after repairs, but it’s going to need $30,000 of work to get there.
($335,000 x .70) – $30,000 = $209,500
In this example, a Savannah We Buy Houses company might offer you around $209,500 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 Savannah We Buy Houses for Cash company, you will likely be coming to grips with a two-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. On the other side, 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.
- Research and vet the house-buying companies that serve your Savannah 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 Savannah vs. top Savannah 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 Savannah | Sell with a top Realtor in Savannah |
| Selling timeline | 7 to 30 days | 94 days average; 47 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 Savannah is currently worth about $335,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $360,000.
| Sell to a We Buy Houses for Cash company in Savannah | Sell with a top Realtor in Savannah | |
| Estimated sale price | ($360,000 x .70) – $25,000 = $227,000 | $335,000 |
| Market preparations | 0 | $3,350 (1% of sale price) |
| Agent commissions | 0 | $19,430 (5.8% of sale price) |
| Closing costs | 0 | $5,025 (1.5%) |
| Estimated take-home for seller | $227,000 | $307,195 |
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 convenience: Selling to a house-buying company in Savannah provides a swift transaction without the hassles of repairs, staging, or hosting potential buyers.
- Below market value: While these companies offer quick cash, their offers typically fall below what you might achieve in a conventional home sale. Consider the tradeoffs and decide if the offered price aligns with your objectives.
- Vet the cash-offer company: Not all cash buyers are created equal. Do your due diligence, ensuring the company or individual is reputable and trustworthy.
- Compare your options: Don’t limit your options. iBuyers and leading Savannah real estate agents can often offer alternative routes that might secure you a better deal.
- Know your home’s value: Equip yourself with comprehensive knowledge. Obtain a comparative market analysis to determine the worth of your Savannah 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 Savannah agent.
Header Image Source: (Trinity Nguyen/Unsplash)
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