We Buy Houses South Dakota: Top 5 Companies
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- 15 min read
- 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.
If you need to sell your South Dakota home quickly, a We Buy Houses company might be the right solution. These companies make all-cash offers, often buying homes as-is, so you can skip the hassle of repairs and lengthy sales processes.
For homeowners facing urgent situations like relocation, financial stress, or inherited properties in need of work, a cash sale can offer much-needed relief.
In this post, we’ll break down how We Buy Houses companies work in South Dakota, weigh the pros and cons, and explore alternative options to help you make the best decision for your home.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of South Dakota area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in South Dakota
Selling your home to a house-buying company in South Dakota is a simple and streamlined process designed to help you close quickly without the stress of traditional sales. Here’s how it typically works, step by step:
- Contact the company: Reach out to a house-buying company and provide basic information about your property. They may ask about the condition, location, and size of your home.
- Schedule a property evaluation: Set up a time for the company to visit and assess your home. This step helps them determine their cash offer.
- Receive a cash offer: After the evaluation, the company will present you with a no-obligation cash offer, often on the same day as the visit.
- Review the offer: Take time to review the offer and decide if it aligns with your needs and goals.
- Sign the agreement: If you accept the offer, sign the purchase agreement to move forward with the sale.
- Close on your timeline: Work with the company to select a convenient closing date, often within a matter of days. You’ll receive your payment in full at closing.
Popular We Buy Houses for Cash companies in South Dakota
If the process of selling to a house-buying company in South Dakota 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 farmhouse. By selling to one of these companies, you should be able to sell your South Dakota home in as little as a week or two.
Sioux Empire Home Buyers
Sioux Empire Home Buyers is a real estate solutions and investment firm that specializes in helping homeowners sell burdensome houses fast. They are investors and problem solvers who can buy a house fast with a fair all-cash offer.
Locations: South Dakota and surrounding areas.
Closing costs: Sellers pay no closing costs; Sioux Empire Home Buyers cover them.
Sioux Empire Home Buyers has a 4.9-star rating on Google.
Website: siouxempirehomebuyers.com
Phone number: 605-640-5601
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in South Dakota (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 South Dakota.
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 South Dakota
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
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 South Dakota. 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
FAST Home Sales
FAST Home Sales is a home-buying company committed to helping homeowners sell their properties quickly and efficiently. They specialize in purchasing houses in any condition, offering cash deals to create stress-free transactions.
Locations: South Dakota and surrounding areas.
Closing costs: Sellers pay no closing costs; FAST Home Sales covers them.
FAST Home Sales has a 5.0-star rating on Google.
Website: fasthomesales.com
Phone number: 833-814-7355
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.
Locations: Nationwide, including South Dakota.
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: 877-399-1777
Why sell your South Dakota house for cash?
There are plenty of valid reasons a South Dakota home seller may choose to work with a Cash-For-Homes company. Sellers will typically point to the ease and speed in which a home can be sold, compared to the traditional market.
In South Dakota, selling a home on the market typically takes around 93 days using an agent. That includes an average of 49 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 South Dakota, 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 a house-buying company could help:
- Job relocation: You need to sell your home quickly to move for a new job opportunity.
- Divorce: A fast sale can simplify the process of dividing assets during a divorce.
- Inherited property: You’ve inherited a home that you don’t have the time or resources to maintain or manage.
- Downsizing: You’re ready to transition to a smaller, more manageable home and want a hassle-free sale.
- Repairs: Your home requires costly repairs that you’d rather not tackle before selling.
- Open houses: You want to avoid the inconvenience of hosting showings and open houses.
- Foundation issues: Selling as-is allows you to sidestep expensive foundation repairs.
- Foreclosure: A fast sale can help you avoid foreclosure and its long-term impact on your credit.
- Tenants: You want to sell a property that has tenants without waiting for leases to expire.
- Selling from out of state: Managing a traditional sale from afar is too challenging or time-consuming.
Pros and cons of house-buying companies in South Dakota
The biggest advantages of selling to a house-buying company in South Dakota are speed and convenience. These companies can close quickly and buy your house in any as-is condition without requiring repairs or preparation. Here’s a quick look at the pros:
Pros of house-buying companies
- Fast closing: Most house-buying companies can close in as little as a week, offering a quick solution for urgent or time-sensitive situations.
- Sell as-is: You can sell your house in any condition, avoiding the expense and hassle of repairs or upgrades.
- No contingencies: Cash buyers don’t rely on contingencies like inspections or appraisals, which simplifies the process.
- No showings: You won’t need to stage your home or host open houses, making the sale process stress-free.
While house-buying companies offer convenience, it’s essential to weigh the downsides. The most significant drawback is that these companies will typically pay below market value compared to selling with a real estate agent. Here’s a closer look at the cons:
Cons of house-buying companies
- Lower offers: Cash buyers generally pay less than what your home would fetch on the open market, often significantly below market value.
- Limited competition: Without listing your home, you miss out on competitive offers that could drive up the price.
- Risk of scams: Not all companies are reputable, so you need to watch out for potential scams.
- No negotiations: Most offers are take-it-or-leave-it, leaving you with little room to adjust terms or pricing.
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 South Dakota home quickly
If you need to sell your home fast, it’s worth considering alternatives to house-buying companies. Here’s a brief look at two popular options:
iBuyers
iBuyers like Opendoor and Offerpad use automated valuation models to make near-instant, all-cash offers for homes in good condition. They typically pay closer to market value and can close quickly—often in just a few days to two weeks. However, service fees of 5%-6% and eligibility limitations may apply. Learn more about the iBuyer process.
Listing with an agent
While listing with an agent may take longer, a seller-friendly market can lead to a fast sale when priced and marketed strategically. A top agent can provide a comparative market analysis—often free—to help set the right price. Agents may also connect you with cash buyers offering closer-to-market-value deals. HomeLight can connect you with a top-performing agent to explore this option.
FAQs on South Dakota house-buying companies
By and large, most We Buy Houses for Cash companies in South Dakota 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 South Dakota 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 South Dakota ranch-style home could sell for $320,000 after repairs, but it will need $30,000 of work to get there.
($320,000 x .70) – $30,000 = $194,000
In this example, a South Dakota We Buy Houses company might offer you around $194,000 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 South Dakota 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 South Dakota 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 South Dakota vs. top South Dakota 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 South Dakota | Sell with a top Realtor in South Dakota |
Selling timeline | 7 to 30 days | 93 days average; 49 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 South Dakota is worth about $320,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $345,000.
Sell to a We Buy Houses for Cash company in South Dakota | Sell with a top Realtor in South Dakota | |
Estimated sale price | ($345,000 x .70) – $25,000 = $216,500 | $320,000 |
Market preparations | 0 | $3,200 (1% of sale price) |
Agent commissions | 0 | $9,600 (3%) |
Closing costs | 0 | $4,800 (1.5%) |
Estimated take-home for seller | $216,500 | $302,400 |
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
- Fast sales are possible: House-buying companies in South Dakota offer quick, all-cash sales that can close in as little as a week.
- No repairs or staging: You can sell your house as-is without spending time or money on repairs, upgrades, or showings.
- Lower offers: Cash-for-homes companies typically pay below market value compared to selling with an agent.
- Limited flexibility: Offers are often take-it-or-leave-it, with little room for negotiation or adjustments.
- Other options exist: iBuyers and listing with an agent provide alternative ways to sell quickly while potentially maximizing your home’s value.
- 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 South Dakota agent.
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