5 Top We Buy Houses for Cash Companies in Smyrna
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Kelsey Morrison Former HomeLight EditorClose
Kelsey Morrison Former HomeLight EditorKelsey Morrison worked as an editor for HomeLight's Resource Centers. She has seven years of editorial experience in the real estate and lifestyle spaces. She previously worked as a commerce editor for World of Good Brands (eHow.com and Cuteness.com) and as an associate editor for Livabl.com. Kelsey holds a bachelor’s degree in Journalism from Concordia University in Montreal, Quebec, and lives in a small mountain town in Southern California.
If you’re a homeowner in Smyrna looking for a way to sell your home without all the repairs, staging, and showings that come with listing on the open market, “We Buy Houses” companies offer a quick and easy solution.
These companies make all-cash offers on homes in any condition or situation, whether you’re dealing with foundation issues or an inherited property. This option is ideal for those who lack the time, resources, or expertise to get their home in selling shape. On the other hand, “We Buy Houses” companies typically present offers below market value to turn a profit, which can result in a lower selling price.
This guide is designed to help you weigh the pros and cons of selling your home to a cash buyer. We’ll explore some of the most trusted “We Buy Houses” companies operating in Smyrna, alongside alternative home-selling options. By taking a comprehensive approach, you’ll be able to make an informed decision that aligns with your financial goals and personal circumstances.
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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 Smyrna area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Smyrna
Selling your house to a “We Buy Houses” company is a fairly straightforward process compared to a traditional home sale. Here’s a quick rundown of the steps involved:
1. Research companies: Start by identifying reputable house-buying companies in Smyrna. Look for those with positive online reviews and a strong presence in the local market.
2. Submit your information: Reach out to your chosen company and submit the necessary details about your property. This usually involves filling out a form on the company’s website or making a call.
3. Schedule a walkthrough: A representative of the company may ask to tour your property in person to assess its condition and market value.
4. Receive an offer: After reviewing your information and touring your property, the company will then present you with a no-obligation cash offer.
5. Accept the offer: If the offer aligns with your expectations, you can accept it. Remember, these offers are often non-negotiable and designed for a quick sale.
6. Close the sale: Once you accept the offer, the company will handle most of the closing formalities. Closing can happen in as little as a week, providing you with the cash you need quickly.
7. Move out: Prepare to move out of your home by the agreed-upon date, allowing the new owners to take possession.
Popular We Buy Houses for Cash companies in Smyrna
Sold on the idea of selling your Smyrna home to a “We Buy Houses” company? Then it’s time to find a reputable one you can trust.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ Craftsman or Colonial Revival. By selling to one of these companies, you should be able to sell your Smyrna home in as little as a week or two.
My Tennessee Home Solution
My Tennessee Home Solution is a veteran-owned and operated business that buys single-family homes, land, and multifamily buildings across Middle Tennessee. They purchase properties regardless of the condition or situation and can close deals in as few as seven to 10 days. They pay all closing costs on the sellers’ behalf and even offer a rent-back option if you need to stay in your home for a while after closing.
Locations: Smyrna, Nashville, and other areas of Middle Tennessee
Closing costs: Sellers pay no closing costs; My Tennessee Home Solution covers them.
My Tennessee Home Solution has been accredited by the Better Business Bureau (BBB) since 2022 and holds an A+ rating. They also have a perfect 5-star rating on Google based on over a hundred reviews. Previous clients have highlighted the employees’ professionalism, responsiveness, and market knowledge. “We worked with My Tennessee Home Solution on selling a family member’s home after they moved into a senior living facility,” reads a recent review. “We closed in under 15 days and now our family member has the funds needed to move to a nicer facility.”
Website: mytennesseehomesolution.com
Phone number: 615-933-5431
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Smyrna (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 US. 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 Smyrna.
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 Smyrna
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
Otter Buy Homes
Otter Buy Homes is a family-owned and operated company based in Smyrna. Founded in 2016, the real estate solutions company has been involved in over 200 transactions. They cater to homeowners in various predicaments and can close sales in
Locations: Statewide, including Smyrna
Closing costs: Sellers pay no closing costs; Otter Buy Homes covers them.
Otter Buy Homes is not currently BBB-accredited, but they do have an A- rating. On Google, they’ve earned a 5-star rating based on a limited number of reviews. Previous clients have praised them for their excellent communication, smooth transactions, and helpful nature. “People hear the word investor and become skeptical, but Scott is far from that,” wrote a former client. “He knows his stuff and is always available to help out/answer questions where needed.”
Website: otterbuyhomes.com
Phone number: 615-200-0040
Tennessee State Home Buyers
Tennessee State Home Buyers buys houses in ten counties across Tennessee, including Rutherford County, where Smyrna is located. The local company is based in Murfreesboro and buys homes in any condition. Sellers can choose their preferred closing date and aren’t on the hook for any fees or commissions.
Locations: 10 counties across Tennessee, including Rutherford County
Closing costs: Sellers pay no closing costs; Tennessee State Home Buyers covers them.
Tennessee State Home Buyers does not appear to be BBB-accredited but they maintain a 4.9-star rating on Google. The company has received praise for its trustworthy and efficient service, and the speed and simplicity of its selling process. “I needed to sell my house fast in Nashville, and I was offered a great deal considering the condition of my home,” wrote one former client. “All my questions were answered, and I didn’t have to deal with open houses and all of that.”
Website: tennesseestatehomebuyers.com
Phone number: 615-241-0728
TN Home Buyers
TN Homebuyers, a family-owned company founded in 2002, has assisted thousands of homeowners across the state. They purchase homes in “as-is” condition and extend cash offers within 24 hours of assessing your property in person. TN Homebuyers closes on the sellers’ timeline, in as little as three days, and charges zero fees or closing costs.
Locations: Nashville and in most cities in middle Tennessee, including Smyrna
Closing costs: Sellers pay no closing costs; TN Home Buyers covers them.
TN Homebuyers has been BBB-accredited since 2004 and boasts an A+ rating. They also have a 4.5-star rating on Google based on over 300 reviews. Clients consistently praise the team for their professionalism, making each step of the selling process transparent and straightforward. “Outstanding communication, awesome team to work with, and made our whole experience stress-free,” wrote a former client. Negative reviews mostly focus on low offers and unsolicited postcards and text messages.
Website: 299cash.com
Phone number: 615-299-5525
Why sell your Smyrna house for cash?
Selling your Smyrna house for cash offers a fast and convenient solution for a variety of homeowner needs. Whether facing foreclosure, transitioning to a long-term care facility, or simply desiring a quicker sale, this method bypasses the traditional real estate process. It eliminates the lengthy listing period and its associated hurdles, providing a streamlined path to closing the deal.
In Smyrna, it typically takes around 67 days to sell a home on the market using an agent. That includes an average of 23 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 Smyrna, and it’s clear why these Cash-For-Homes groups are an attractive option, even though they don’t always pay top dollar for the homes they purchase.
Let’s look at some of the most common reasons Smyrna sellers decide to use a We Buy Houses for Cash company over listing a property the traditional way:
- Job relocation: When you’re moving for a new job opportunity, a quick sale can ease the transition.
- Divorce: Dividing assets during a divorce can go more smoothly with a fast, cash sale of the family home.
- Inherited a property: If you’ve inherited a home you don’t wish to keep, selling it for cash is a straightforward solution.
- Downsizing: Looking to move to a smaller, more manageable property or a retirement community? A cash sale simplifies this process.
- Major repairs needed: Selling a house that needs significant repairs can be daunting; a cash offer might be your best bet.
- Avoiding open houses: If the idea of open houses and constant showings doesn’t appeal to you, consider a cash offer.
- Foundation issues: Foundation problems are a significant deterrent for buyers, but cash buyers often take on such challenges.
- Facing foreclosure: Selling for cash might offer a way out if you’re facing foreclosure.
- Problem tenants: Unload a rental property quickly, even with tenants still in place.
- Selling from out of state: A cash sale is especially appealing if you’re managing the sale from another location.
If you’re dealing with any of the situations listed above, a “We Buy Houses” company’s cash offer is worth considering. Remember, it’s just one option — keep your search open for the best home-selling solution.
Pros and cons of house-buying companies in Smyrna
House-buying companies in Smyrna prioritize speed and ease. They’ll purchase your house “as-is,” sparing you the hassle of repairs or pre-sale preparations. However, the convenience comes at a cost — their offers typically fall below market value. This presents a key trade-off when deciding between a quick sale and potentially maximizing your profits through the open market.
Here’s a quick breakdown of the pros and cons of selling to a “We Buy Houses” company:
Pros
- Speed: The process can be significantly faster than a traditional home sale, often closing in just days or weeks.
- No repairs needed: You can sell your house as-is, avoiding the hassle and expense of making repairs or upgrades.
- Simple process: With fewer contingencies, the sale process is streamlined, making it less stressful for sellers.
- Avoids foreclosure: For those facing financial difficulties, a quick cash sale can provide a way out of foreclosure.
Cons
- Below market value: Offers from these companies are typically lower than what you might achieve on the open market.
- Limited negotiation: The take-it-or-leave-it nature of these offers leaves little room for negotiation.
- Risk of scams: It’s crucial to conduct thorough research as the industry is ripe for scams.
- Loss of potential profit: You might miss out on higher offers that could arise from a bidding war.
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 sell your Smyrna home to a “We Buy Houses for Cash” company, remember that the level of integrity and service offered can vary significantly. Much depends on the character and professionalism of the individuals or groups making the offer. Before committing to any cash offer, it’s crucial to thoroughly vet the company. Take the time to check reviews, read testimonials, and research their market presence and past performance.
Understanding the true value of your home is equally as important. This knowledge will help you evaluate whether the cash offer you receive is fair. You should also read the buying agreement carefully before signing, familiarizing yourself with the 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 it to your cash offer. HomeLight can connect you with a top-performing agent in Smyrna. 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 Smyrna home quickly
iBuyers
iBuyers, or instant buyers, are modern, tech-driven entities within the cash-for-homes industry, employing automated valuation models (AVMs) to provide fast, all-cash offers — often closer to market value for homes in better condition. The iBuyer process from offer to closing is remarkably fast, taking anywhere from a few days to a couple of weeks. While companies like Opendoor and Offerpad simplify selling, they typically charge service fees of around 5%–6%. The iBuyer route is best suited for homeowners with well-maintained homes in areas with uniform housing.
Listing with an agent
Listing with a real estate agent is another avenue that’s especially effective in a seller-friendly market like Smyrna. Teaming up with a top agent can not only fast-track your sale but potentially increase your home’s selling price, often significantly more than selling on your own or through other means. Agents provide valuable insights through a comparative market analysis (CMA), which is often compiled for free, and helps set a competitive list price. Moreover, an experienced agent might connect you with cash buyers willing to pay close to market value for your home. If you’re considering this path, HomeLight can connect you with leading agents in Smyrna.
FAQs on Smyrna house-buying companies
By and large, most We Buy Houses for Cash companies in Smyrna 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 Smyrna 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 Smyrna townhouse could sell for $315,000 after repairs, but it’s going to need $30,000 of work to get there.
($315,000 x .70) – $30,000 = $190,500
In this example, a Smyrna We Buy Houses company might offer you around $190,500 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 Smyrna 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.
1. Research and vet the house-buying companies that serve Middle Tennessee. 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 Smyrna vs. top Smyrna 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 Smyrna | Sell with a top Realtor in Smyrna |
| Selling timeline | 7 to 30 days | 67 days average; 23 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 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 Smyrna is currently 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 Smyrna | Sell with a top Realtor in Smyrna | |
| 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 | $22,040 (5.8% of sale price) |
| Closing costs | 0 | $5,700 (1.5%) |
| Estimated take-home for seller | $258,500 | $348,460 |
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
- Cash-for-homes companies in Smyrna offer a fast and hassle-free way to sell your house.
- You can sell your home in its current condition, avoiding the cost and time of repairs.
- Be prepared for offers below market value compared to traditional sales methods. Do your research and know your home’s worth before saying yes.
- Thoroughly vet any house-buying company and understand your home’s worth before agreeing to a sale.
- Consider all selling avenues, including listing with a real estate agent, to ensure the best outcome for your situation.
- HomeLight’s Simple Sale platform provides no-obligation cash offers for Smyrna homes in any condition, making it a great starting point if you’re unsure who would buy your house.
While “We Buy Houses” companies offer speed and convenience, it’s important to gather multiple offers to ensure you’re getting the best deal. A top-performing Smyrna real estate agent can provide valuable insight into what your home might fetch on the open market. Remember, a well-informed decision can lead to a more profitable sale. HomeLight can be your partner in navigating the Smyrna real estate market, providing the connections and information you need for a successful home sale.
Header Image Source: (user32212/ Pixabay)
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