5 Top We Buy Houses for Cash Companies in Spokane
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Sam Dadofalza Associate Refresh EditorClose
Sam Dadofalza Associate Refresh EditorSam Dadofalza is an associate refresh editor at HomeLight, where she crafts insightful stories to guide homebuyers and sellers through the intricacies of real estate transactions. She has previously contributed to digital marketing firms and online business publications, honing her skills in creating engaging and informative content.
If you own a house in Spokane, Washington that needs a lot of work — perhaps foundation issues, a leaky roof, or a drab and dated kitchen, you might be wondering how to sell without investing in costly renovations. One solution you may find appealing is partnering with “We Buy Houses” Spokane companies.
These businesses make all-cash offers on houses, regardless of their condition. This benefits sellers who don’t have the time, expertise, or funds to fix up their properties, as it allows them to liquidate their assets and move on quickly.
Sell Your Spokane House Fast With an All-Cash Offer
Get an all-cash, no-obligation offer on your Spokane home 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.
If you are facing urgent or unexpected circumstances, opting for a cash sale through a house-buying company also ensures a fast and efficient closing process. However, there are drawbacks to this arrangement that are important to consider.
In this guide, we’ll explore the pros and cons of selling your home for cash. We’ll outline some of the most reputable “We Buy Houses” companies serving the Spokane market and discuss what you need to know to make an informed decision that aligns with your selling goals.
Working with house-buying companies in Spokane
Selling your home to a “We Buy Houses” company can streamline the transaction, especially if you’re looking for a quick turnaround. Here’s how the process typically works:
- Research companies: Start by looking into reputable house-buying companies in Spokane. Ensure they have a solid track record and positive reviews from past sellers.
- Submit your property details: Provide the company with information about your home. This usually involves filling out a form on their website or calling them directly to discuss your property.
- Schedule a walk-through: A company representative will likely conduct an in-person walk-through to assess your home’s condition and market value.
- Receive an offer: After reviewing your property details, the company will typically make an all-cash offer. This offer is often presented quickly, sometimes within 24 hours.
- Accept the offer: If the offer aligns with your expectations, you can accept it. Remember, these offers are usually non-negotiable.
- Close the sale: The closing process is often much faster with cash buyers. You might close the sale in as little as a week, allowing you to access the proceeds and move on with your plans.
- Move out: Once everything is finalized, it’s time to move out and transition to your next home or phase in life.
Popular We Buy Houses for Cash companies in Spokane
If selling to a house-buying company in Spokane sounds appealing, the next step is to find a trustworthy business.
We’ve compiled a list of some of the top companies that will pay cash for your parents’ property, whether that’s a Craftsman bungalow or Greek Revival. By selling to one of these companies, you should be able to sell your Spokane home in as little as a week or two.
The Easy Home Buyer
Based in Spokane, The Easy Home Buyer is a veteran-owned company that has been in the business for five years. It purchases any type of property, from single-family homes to condos to vacant land, and covers all closing costs. It allows homeowners to leave behind items, benefiting those who don’t want to do any clean-up or junk removal. Sellers can close in as few as seven days, or longer if they need to find a new place to live.
Locations: Spokane, WA, and surrounding areas
Closing costs: Sellers pay no closing costs; The Easy Home Buyer covers them.
The Easy Home Buyer has been accredited by the Better Business Bureau (BBB) since 2020 and has an A+ rating. It boasts a perfect Google rating of 5 stars based on over 200 reviews. Clients praised the company’s fair dealings, fast communication, and professional approach. Others commended how easy it was to work with the team and how reliable the team is in following through on their promises.
Website: theeasyhomebuyer.com
Phone number: 509-530-2088
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Spokane (and across the country) can request a cash offer for their home. It connects you to one of the largest networks 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 neighborhoods throughout Spokane. With this platform, 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 Spokane, WA
Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. It’s BBB-accredited with an A+ rating. The firm 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
Sell It Simple
Sell It Simple, a family-owned, Spokane-based company, purchases homes for any reason, in any condition, and with any issue. Sellers can receive an offer within 24 hours of initial discussion with the company. The house-buying firm accommodates quick or extended closing timelines, as requested by sellers.
Locations: Spokane, WA, and surrounding areas
Closing costs: Sellers pay no closing costs; Sell It Simple covers them.
Accredited by the BBB since 2023, Sell It Simple holds an A+ rating. It has earned 4.5 stars on Google. Reviews mentioned the smooth and quick process, the employees’ professionalism, and flexible closing timelines.
Some noted the fair offer and simple, straightforward transaction, while others particularly commended the way the company expertly handled a remote sale. The negative reviews mostly focused on unsolicited phone calls and fliers.
Website: sellitsimple.com
Phone number: 509-385-0979
Homefront
Homefront, founded by two natives of the Inland Northwest, purchases homes “as-is” in Spokane and Coeur d’Alene. Homeowners can receive a no-obligation cash offer in 12 hours or less, and closings can take place in as few as seven days. In certain instances, the company offers cash advances. In addition to single-family homes, Homefront purchases apartments and land.
Locations: Spokane, WA, and Coeur d’Alene, ID
Closing costs: Sellers pay no closing costs; Homefront covers them.
Homefront holds an A+ rating on BBB and a high Google rating of 4.8 stars. Home sellers were impressed with the company’s excellent communication, speed and efficiency, and welcoming staff. Some noted how responsive the team was, answering swiftly the questions raised and helping them understand the process completely.
Website: homefrontbuys.com
Phone number: 509-381-4663
We Buy Houses Spokane
We Buy Houses, a national house-buying company with a presence in Spokane, has worked with over a million homeowners in the last 10 years. It promises to purchase homes, condos, land, and all types of real estate, in any condition, and in any price range. Facilitating a speedy sale process, the company makes an offer within 24 to 48 hours and close in seven to 14 days.
Locations: Nationwide, including Spokane, WA
Closing costs: Sellers pay no closing costs; We Buy Houses covers them.
We Buy Houses receives high praise for its professionalism, fairness, and efficiency. The Spokane branch has a perfect 5-star rating on Google. Reviewers noted the team’s responsiveness, fairness, and transparency in buying homes. Some commended the smooth transaction that allowed sellers to move out of state without a hassle.
Website: webuyhouses.com/wa/Spokane
Phone number: 509-563-7575
Why sell your Spokane house for cash?
Selling your Spokane home for cash can be a smart move, especially if you need things to happen quickly and without a lot of hassle.
It typically takes around 89 days to sell a home using an agent. That includes an average of 43 days for a house to go from “active” to “pending,” plus the typical 46 days a buyer needs to close on a purchase loan.
Compare that to the seven to 14 days promised by many house-buying companies in Spokane, and it’s easy to see 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 selling to a house-buying company might be the most fitting solution:
- Job relocation: If you’re moving for a new job and need to sell your house quickly, a cash sale can simplify the transition.
- Divorce settlement: Selling your home for cash can expedite the division of assets during a divorce, allowing you to focus on moving forward.
- Inherited property: Inheriting a home can come with complications and selling for cash may be the simplest way to handle it.
- Downsizing transition: If you’re considering downsizing to a smaller home or a retirement community, a quick home sale can get you there faster.
- Poor property condition: If your home requires significant repairs, like foundation issues, selling for cash might avoid the hassle and expense.
- Refusal to do open houses: Some sellers prefer not to deal with the inconvenience and invasion of privacy that comes with open houses.
- Foreclosure fix: Selling for cash might offer a way out if you’re at risk of foreclosure.
- Problematic tenants: For landlords tired of dealing with difficult tenants, a cash sale offers an exit strategy.
- Out of state sale: Managing a sale from afar can be challenging and a cash sale simplifies this process.
Pros and cons of house-buying companies in Spokane
Selling your Spokane home to a “We Buy Houses” company can seem like an attractive option, especially when you’re in a rush, or your property needs significant work. These companies offer speed and convenience, buying your house in “as-is” condition, meaning you don’t have to worry about repairs, cleaning, or preparations.
However, selling to a cash buyer might not always net you the highest sale price, and it’s important to be aware of the potential for less-than-market-value offers and other drawbacks.
Here’s a quick breakdown of the pros and cons associated with selling to a “We Buy Houses” company:
Pros
- Speedy sale: One of the most significant advantages is the quick selling process, often closing in days rather than months.
- No repairs: Your home can be sold as-is, eliminating the need for any renovations or repairs.
- No contingencies: Selling to these companies usually means you can bypass many of the typical sale contingencies, streamlining the process.
- Simple process: The process is straightforward, with fewer steps and less paperwork than traditional real estate transactions.
Cons
- Below market value: Offers from house-buying companies are often below market value, impacting your potential profit.
- Limited negotiation: These offers are take-it-or-leave-it, and there’s little room for negotiation.
- Scam risk: While many companies are reputable, the industry has its share of scams.
- No competitive bidding: Selling on the open market might result in a higher selling price due to competition among buyers.
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
Not all cash home buyers in Spokane are created equal. Selling your house fast via a cash offer sounds great, but the experience can be very different depending on the company you choose. Some are honest and reliable, while others might not be as upfront. Do your research to find a reputable buyer with a good track record.
Before you jump at the first cash offer that comes your way, take the time to vet multiple companies. Look at online reviews and see what past sellers have to say. Dig into the company’s background — how long have they been active in Spokane, and what’s their reputation? A little due diligence now can save you from headaches later on. Finally, make sure you understand every word of the buying agreement before you sign it to avoid surprises down the road.
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 Spokane. You can also use our Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Spokane home quickly
iBuyers
iBuyers, or instant buyers, offer a modern, largely online selling experience using automated valuation models (AVMs) to provide quick all-cash offers, often closer to market value, for homes in good condition. This process happens quickly, typically in a few days to a couple of weeks, but note that service fees of around 5% to 6% apply. iBuyers, such as Opendoor and Offerpad, are best suited for sellers with properties in areas of uniform housing.
Listing with an agent
In a seller’s market like Spokane, partnering with a top real estate agent could lead to a quick sale, potentially at a higher price. Agents leverage a comparative market analysis (CMA), often provided for free, to strategically price and market your home.
An experienced agent might even connect you with a buyer ready to make a near-market value cash offer. Consulting with an agent ensures that you’ve explored all options before possibly selling to a house-buying company. If you’re considering this route, HomeLight can connect you with an experienced agent in Spokane.
FAQs on Spokane house-buying companies
By and large, most We Buy Houses for Cash companies in Spokane 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 BBB. Watch for anything that just doesn’t seem right.
Most Spokane 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 Craftsman-style home in Spokane could sell for $390,000 after repairs, but it’s going to need $30,000 of work to get there.
($390,000 x .70) – $30,000 = $243,000
In this example, a Spokane We Buy Houses company might offer you around $243,000 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 good 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 Spokane We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On the one hand, 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 hand, 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 Spokane area. Our list above is a good place to start.
- Submit offer requests to 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 Spokane vs. top Spokane 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 Spokane | Sell with a top Realtor in Spokane |
| Selling timeline | 7 to 30 days | 89 days average; 43 to attract an offer, 46 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 the 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% to 6% of the home’s sale price |
| Closing costs | None | 1% to 3% of the home’s 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 Spokane is currently worth about $390,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $415,000.
| Sell to a We Buy Houses for Cash company in Spokane | Sell with a top Realtor in Spokane | |
| Estimated sale price | ($415,000 x .70) – $25,000 = $265,500 | $390,000 |
| Market preparations | 0 | $3,900 (1% of sale price) |
| Agent commissions | 0 | $11,700 (3% of sale price) |
| Closing costs | 0 | $5,850 (1.5% of sale price) |
| Estimated take-home for seller | $265,500 | $368,550 |
As this example illustrates, it’s usually in your best financial 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, the level of repairs 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
- Selling to a Spokane Cash-For-Homes company offers a quick and hassle-free sale, ideal for urgent situations.
- You can sell your property in its current condition, avoiding the cost and time involved in making repairs.
- When selling your home for cash, vet any house-buying company thoroughly and understand the terms before proceeding.
- Be prepared to receive offers that may be less than the market value of your home. You should know your home’s value before you accept an offer.
- Consider alternative selling methods, such as working with iBuyers or listing with an agent, to potentially increase your sale price.
- HomeLight’s Simple Sale platform offers no-obligation, all-cash offers for Spokane homes in any condition, connecting you with a range of investors to kickstart your home sale journey.
When considering a sale to a Spokane “We Buy Houses” company, it’s crucial to gather multiple offers and carefully weigh your options before signing on the dotted line. At the same time, it’s wise to consult with a top Spokane agent who can provide you with expert insights on how quickly and for how much your property might sell on the traditional market.
Use HomeLight’s Simple Sale platform and Agent Matching tool to connect with an experienced agent or a legitimate cash buyer.
Editor’s note: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Spokane area “We Buy Houses” companies should not be considered an endorsement.
Header Image Source: (digidream/DepositPhotos)
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
