We Buy Houses Springdale: Top 4 Companies
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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.
If you’re looking to sell your house quickly, We Buy Houses companies in Springdale are an excellent alternative to the traditional real estate market. These companies make all-cash offers for homes that may need some repairs, saving you from the headaches of getting a property market-ready. These companies allow you to get paid in a matter of days, not months.
In this post, we’ll cover the pros and cons of working with Springdale’s house-buying companies, how much they typically pay, and alternative ways to sell quickly.
Sell Your House Fast in Springdale With a Cash Offer
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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 Springdale area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Springdale
If you’re a Springdale homeowner needing a quick, straightforward sale, working with a house-buying company can be a good option. Here’s an overview of the basic steps involved:
1. Contact the company: Reach out to a reputable cash-for-homes company in Springdale to express your interest in selling.
2. Provide property details: Share basic information about your house, such as its condition, location, and any repairs it may need.
3. Schedule a home evaluation: The company will typically set up a time to visit your home or review its details to assess its value.
4. Receive an offer: After evaluating your property, the company will present a cash offer, often with a quick turnaround time.
5. Review the contract: If you choose to move forward, review the contract terms and timeline for closing.
6. Close and get paid: Once everything is finalized, you’ll close on the sale and receive your payment in cash, often within days.
Popular We Buy Houses for Cash companies in Springdale
If the process of selling to a house-buying company in Springdale 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 home or traditional two-story house. By selling to one of these companies, you should be able to sell your Springdale home in as little as a week or two.
Little Rock Property Buyers
Little Rock Property Buyers offers a simple four-step process for selling your home. Once you provide your property information, the staff can make a cash offer within 24 hours. The sale can close as quickly as seven days, sometimes the same day, or on a timeline that works for you.
Locations: Little Rock, Central, and Northwest Arkansas, including Springdale.
Closing costs: Sellers pay no closing costs. Little Rock Property Buyers covers them.
Little Rock Property Buyers maintains a 4.8-star rating on Google.
Website: propertybuyersar.com
Phone number: 501-381-7493
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Springdale (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 Springdale.
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 Springdale
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
NWA Cash
NWA Cash offers homeowners in Northwest Arkansas a quick, hassle-free solution for selling properties in any condition. With no agent fees, repairs, or cleaning required, they offer cash for homes and can close as quickly as seven days.
Locations: Northwest Arkansas, including Springdale
Closing costs: Sellers pay no closing costs. NWA Cash covers them.
NWA Cash holds a 5.0 average on Google and positive feedback for its professionalism, quick service, and helpfulness.
Website: nwacash.com
Phone number: 479-777-0005
We Buy Houses Arkansas
We Buy Houses is a national homebuying network with independent franchise offices in Arkansas. It buys single-family homes, condos, land, and other real estate types. On average, sellers can expect to close within 7-14 days.
Locations: Nationwide, including Springdale, Arkansas
Closing costs: Sellers pay no closing costs. We Buy Houses covers them.
We Buy Houses has been BBB accredited since 2020 and holds an A+ rating.
Website: webuyhouses.com/AR
Phone number: 877-932-8946
Why sell your Springdale house for cash?
Why sell your Springdale home for cash? Among the many reasons are speed and wanting a convenient sale.
In Springdale, it typically takes around 130 days to sell a home on the market using an agent. That includes an average of 86 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 Springdale, 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 selling to a cash buyer could be an ideal solution.
- Moving due to a job relocation: A quick sale can help you avoid leaving an unsold home behind when you’re relocating for a job.
- Going through a divorce: Selling to a cash buyer may simplify the process when you’re navigating property division during a divorce.
- Managing inherited property: If you’ve inherited a house you don’t plan to keep, a quick cash sale can help you transition smoothly.
- Preparing to downsize: Whether due to retirement or lifestyle changes, selling for cash can ease the process when downsizing.
- Dealing with needed repairs: When major repairs are needed, a cash sale can spare you the time and money associated with fixing up a house in poor condition.
- Avoiding open houses and showings: If you want to skip the open house process, a direct cash sale allows you to sell with more privacy and less disruption.
- Facing foundation issues: Selling to a cash buyer can be a simple solution if your home has foundation issues.
- Preventing foreclosure: A cash sale could help you pay off your mortgage if you’re at risk of foreclosure.
- Handling challenging tenants: If you’re ready to sell a rental with tenants in place, a cash sale can relieve you of the complications.
- Selling from out of state: When managing a home sale from out of state, a house-buying company can help you close quickly and avoid travel.
Pros and cons of house-buying companies in Springdale
Selling to a house-buying company in Springdale can be convenient for homeowners who need a quick sale, no matter the property’s condition. Let’s take a closer look at the key pros and cons.
Selling to a cash-for-homes company offers Springdale homeowners speed and simplicity; they’ll purchase your property as-is, requiring no repairs or preparations. Here are some other benefits to consider.
- Quick closing: House-buying companies can typically close in as little as a week, allowing you to quickly move on to the next chapter.
- No repairs needed: You don’t have to worry about repairs or upgrades, which can save you time, effort, and money.
- Guaranteed sale: A house-buying company provides a reliable, immediate buyer with no contingencies, eliminating uncertainty about closing.
- Simple process: With a straightforward sale process, there’s no need for open houses or repeated showings, making the transaction more private and efficient.
The biggest drawback of selling to a house-buying company is that you’re likely to receive below market value for your home compared to what you might get with a real estate agent. Here are some additional downsides.
- Reduced sale price: Cash offers from house-buying companies are often lower than what you might achieve through a traditional market sale.
- Limited negotiation: Most house-buying companies present a take-it-or-leave-it offer, so there’s usually little room for negotiation on the price.
- Potential scams: Some companies are reputable, but homeowners should be cautious of scams and untrustworthy buyers offering unrealistic promises.
- Less competitive: In a hot market, selling traditionally could result in multiple offers, potentially leading to a higher sale price than a direct cash offer.
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
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 Springdale home quickly
iBuyers: iBuyers like Opendoor and Offerpad use automated valuation models to deliver quick cash offers through a mostly online process. They typically buy homes in good condition, often offering closer to market value with closing times as fast as a few days to two weeks. However, iBuyers often charge a 5%-6% service fee, so they’re best suited for homes in areas with uniform property types.
Listing with an agent: While not as quick as selling to a cash buyer, listing with a top real estate agent could yield a high sale price, especially in a seller-friendly market. Agents provide a comparative market analysis, which is often free, to help you price your home strategically. Plus, a skilled agent may connect you with buyers willing to make cash offers near your home’s market value. If you’re interested, HomeLight can connect you with a top-performing real estate agent.
FAQs on Springdale house-buying companies
By and large, most We Buy Houses for Cash companies in Springdale 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 Springdale 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 Springdale ranch-style home could sell for $350,000 after repairs, but it will need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $215,000
In this example, a Springdale We Buy Houses company might offer you around $215,000 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 Springdale 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.
1. Research and vet the house-buying companies that serve your Springdale area. 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 Springdale vs. top Springdale 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 Springdale | Sell with a top Realtor in Springdale |
| Selling timeline | 7 to 30 days | 130 days average; 86 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 Springdale is worth about $375,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $400,000.
| Sell to a We Buy Houses for Cash company in Springdale | Sell with a top Realtor in Springdale | |
| Estimated sale price | ($400,000 x .70) – $25,000 = $255,000 | $375,000 |
| Market preparations | 0 | $3,750 (1% of sale price) |
| Agent commissions | 0 | $11,250 (3%) |
| Closing costs | 0 | $5,625 (1.5%) |
| Estimated take-home for seller | $255,000 | $354,375 |
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: Cash-for-homes companies offer Springdale homeowners a quick way to sell, often closing within a week or two.
- No repairs needed: These companies buy your home as-is, so you don’t have to handle costly or time-consuming repairs.
- Streamlined process: With no open houses or showings, cash sales are usually private and hassle-free.
- Lower offers: Cash-for-homes companies typically offer below market value, so you may receive less than through a traditional sale.
- Limited negotiation: Offers are often non-negotiable, so you’ll need to be comfortable with a straightforward, take-it-or-leave-it proposal.
- 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 Springdale agent.
Header Image Source: (Jonathan Cooper/ Pexels)
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