5 of the Top We Buy Houses for Cash Companies in Tempe
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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.
In a hurry to sell your house and want to skip the hassle and expense of renovations? A “We Buy Houses” company in Tempe might be your answer. These companies pay cash for properties in any condition or situation, whether it’s a rental unit you no longer wish to manage or a well-worn family home in need of repairs.
Selling your house for cash means you don’t have to worry about home improvements, deep cleanings, or weekend open houses. Sales often close in a few days to a couple of weeks, and there are typically no costs for the seller. The catch is that “We Buy Houses” companies tend to present offers that are below market value to turn a profit when they resell.
In this article, we’ll explore both the advantages and drawbacks of selling your house for cash in Tempe. We’ll highlight some of the most reputable “We Buy Houses” companies in The Valley, and share alternative methods for a quick home sale. With this knowledge, you’ll be able to confidently make a decision that fits your situation and selling goals.
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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 Tempe area “We Buy Houses” companies should not be considered an endorsement.
Working with We Buy Houses companies in Tempe
Working with a house-buying company can be a streamlined solution when you need to sell your Tempe home quickly. Here’s an overview of the steps involved in the process:
- Reach out to the company: To get the process started, submit your property details online or by phone. You’ll most likely be asked about your home’s size, age, location, and condition.
- Schedule a visit: Allow the company to inspect your home. They will assess the property’s condition and any needed repairs during this visit.
- Receive an offer: After the assessment, the company will typically make an all-cash offer on your home. This offer is usually non-negotiable, so consider it carefully.
- Review the terms: Go over the offer and understand all the terms and conditions.
- Close the deal: If you accept the offer, you’ll move forward with closing, which can often be completed in as little as a week. You’ll receive the funds in full via check or wire transfer at the time of closing.
Popular We Buy Houses companies in Tempe
Thinking about selling your Tempe house quickly to a cash buyer? Before you jump in, make sure you find a reputable company you can trust.
We’ve compiled a list of some of the top companies that will pay cash for your or your parents’ ranch-style home or Pueblo Revival. By selling to one of these companies, you should be able to sell your Tempe home in as little as a week or two.
AZ Home Buyer
AZ Home Buyer has been in business for 12 years and purchases homes throughout The Valley, including Tempe. To date, they have bought and flipped over 800 homes in various conditions and facing unique challenges. After submitting some basic information about your property, AZ Home Buyer will contact you to schedule a walkthrough or to request photos of the interior. You’ll then receive a same-day cash offer, which you are under no obligation to accept. If you decide to move forward with the sale, you can choose a closing date that works for you.
Locations: Greater Phoenix, including Tempe
Closing costs: Sellers pay no closing costs; AZ Home Buyer covers them.
AZ Home Buyer is accredited by the Better Business Bureau and holds an A+ rating. They also boast a 4.7-star rating on Google. Previous sellers praise owner Landon Luchtel’s no-pressure sales tactics, kind demeanor, and overall transparency. “Selling my father’s home with Landon and AZ Home Buyer was an unexpectedly smooth experience,” wrote a reviewer. “Not only was I given the best offer, I was also given a very generous nonrefundable deposit that blew all the other buyers out of the water.”
Website: azhomebuyer.com
Phone number: 480-771-8335
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Tempe (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 Tempe.
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 Tempe
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
We Buy Houses Arizona
We Buy Houses Arizona has been in business for over 20 years and buys houses in as-is condition all over The Valley, including Tempe. To request a no-obligation cash offer, simply fill out the form on their website or give them a call. They advertise high offers and flexible terms, closing sales in as little as seven days. The service is 100% free for the seller — there are no fees, realtor commissions, or closing costs to worry about.
Locations: Greater Phoenix, including Tempe
Closing costs: Sellers pay no closing costs; We Buy Houses Arizona covers them.
We Buy Houses Arizona has been BBB-accredited since 2019 and touts an A+ rating. They’ve also earned a 5-star rating on Google. Clients commend their firm, competitive offers, outstanding professionalism, and quick responses to questions. “Everyone was very patient and respectful of our needs around the sale of our house,” reads a recent review. “We didn’t receive that ‘hard sell’ energy you get with many investor purchasers. Lonie and Stephen were very flexible and communicative. The entire process was easy and seamless.”
Website: webuyhousesarizona.com
Phone number: 480-444-2274
BeneFlip Home Buyers
BeneFlip Home Buyers is a small, privately owned company based out of Phoenix. The company purchases homes as-is, so there’s no need for repairs, deep cleaning, or home staging. Schedule a property viewing to receive a no-obligation cash offer in 72 hours or less. Closing can happen in as little as two weeks, or up to 30 days if you need more time to move. The service is 100% free for sellers, and in some cases, they’ll let you stay in the house after closing so you have the time and money to find another place to live.
Locations: Tempe, Phoenix, Buckeye, Glendale, Chandler, and Mesa, AZ
Closing costs: Sellers pay no closing costs; BeneFlip Home Buyers covers them.
BeneFlip Home Buyers does not appear to be BBB-accredited; however, they have a 5-star rating on Google based on a limited number of reviews. They’ve also earned high praise on Facebook. Reviews mention owner Taylor Campbell’s attention to detail, willingness to answer questions, and patience with clients. “Impressive work ethic, great eye for detail and design, willingness to try new things, highly ethical, and great communication skills,” wrote one reviewer.
Website: benefliphomebuyers.com
Phone number: 480-444-2274
LRT Offers
LRT Offers pays cash for houses in over 25 cities in Arizona, including Tempe. They are based in Peoria and purchase real estate in as-is condition, including houses, commercial property, apartment buildings, office property, buildable residential lots, and condo deconversion projects. After viewing the property in person, they’ll present you with a fair cash offer on the spot. Deals can close in seven days or less, and the seller isn’t on the hook for any fees, realtor commissions, or closing costs.
Locations: 25 cities in Arizona, including Tempe
Closing costs: Sellers pay no closing costs; LRT Offers covers them.
LRT Offers has been BBB-accredited since 2021 and holds an A+ rating. They also boast a 4.9-star rating on Google. Previous sellers compliment the team’s work ethic, professionalism, and transparency. “We sold my grandfather’s home that’s been in the family for 40 years, they came out the following day and gave us a great offer and terms,” wrote a former client. “We are really happy overall with the experience.”
Website: lrtoffers.com
Phone number: 1-602-362-4742
Why sell your Tempe house for cash?
Selling your Tempe home for cash can offer a quick, straightforward alternative to the traditional market, especially under certain circumstances.
In Tempe, it typically takes around 84 days to sell a home using an agent. That includes an average of 42 days on the market plus the typical 42 days a buyer needs to close on a purchase loan.
Cash home-buying companies are becoming increasingly popular, especially with sellers who can’t afford the wait. Unlike traditional sales, which take weeks or even months to prepare, market, and close, cash home buyers offer a faster solution, often in seven to ten days.
Here are some common scenarios where opting for a house-buying company might be a fitting solution:
- Job relocation: If you need to move quickly for a new job, selling for cash simplifies the transition without the delays of a conventional sale.
- Divorce: When going through a divorce, you might need to liquidate your assets quickly and equitably.
- Inherited property: Selling an inherited home for cash can be an efficient way to deal with estate matters without the usual real estate complications.
- Downsizing: For those looking to downsize, a quick cash sale provides an immediate solution without the hassle of traditional listings.
- Repairs needed: If your home requires significant repairs, a cash offer allows you to skip the costly and time-consuming renovation process.
- Avoid open houses: Selling for cash means you can avoid the stress and invasion of privacy that come with open houses.
- Foundation issues: Homes with foundational problems can be particularly hard to sell, making cash offers an appealing alternative.
- Foreclosure risk: If you’re facing foreclosure, a fast cash sale might help settle debts quickly and alleviate financial stress.
- Tenants in place: Selling a rental property for cash can be straightforward even with tenants in place, avoiding complex eviction processes.
- Selling from afar: Managing a property sale from another state is challenging; cash sales simplify this process significantly.
If you identify with any of the scenarios listed above, a cash sale may be right for you. However, it’s just one of several selling options to consider.
Pros and cons of house-buying companies in Tempe
Selling to a house-buying company in Tempe means fast transactions and minimal hassle. These companies typically purchase homes in any condition, eliminating the need for repairs. While convenient, selling to a cash-buying company in Tempe often results in receiving less than your home’s market value. This is a significant consideration for any seller.
In this next section, we’ll weigh the advantages and disadvantages of selling to a “We Buy Houses” company in Tempe:
Pros
- Quick closing: The process can be completed in as little as a week, providing immediate financial relief and allowing you to move quickly.
- No repairs needed: You can sell your house in its current state without worrying about renovations or repairs.
- Simplicity: The selling process is straightforward, without the typical complications like showings, staging, or multiple contingencies.
- No real estate fees: You won’t have to pay realtor commissions or closing fees, which can save you money.
Cons
- Lower offers: Offers from cash buyers are typically below market value, which might not be the best financial decision if your situation allows for a traditional sale.
- Limited negotiation: The price offered is usually non-negotiable, leaving you with a take-it-or-leave-it decision.
- Potential for scams: Not all house-buying companies are reputable; some might engage in unethical practices or outright scams.
- Less market exposure: Selling directly to a buyer means missing out on potentially higher offers that could come from wider market exposure.
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 considering a cash offer for your Tempe home, remember that the integrity and service level of house-buying companies can differ significantly. Your experience will depend largely on the character of the person or group making the offer. Before you commit, it’s crucial to thoroughly vet the company you’re considering.
Ensure you check reviews, read testimonials, and research the company’s market presence and past performance. Additionally, make sure to carefully read through the buying agreement before signing to fully understand all 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 Tempe. 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 Tempe home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to make quick, all-cash offers for homes. These offers are generally closer to market value for properties in good condition, in areas with homogenous housing stock. The iBuyer process is quick, typically concluding in a few days to two weeks. While convenient, be aware that iBuyers like Opendoor and Offerpad charge service fees of around 5%–6%.
Listing with an agent
Although selling through an agent usually takes longer, it can result in a higher sale price and may still be quick in seller-friendly markets like Tempe. Agents offer valuable market insights through a comparative market analysis (CMA), which is often compiled for free and helps set a competitive list price. Agents might also connect you with cash buyers willing to pay closer to market value. If you’re considering this route, HomeLight can put you in touch with a top agent in your area.
FAQs on Tempe house-buying companies
By and large, most “We Buy Houses” companies in Tempe 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 Tempe “We Buy Houses” 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 Spanish-style house in Tempe 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 Tempe “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 Tempe “We Buy Houses” 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” 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 Tempe. 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 Tempe vs. top Tempe agent
Another helpful exercise is to compare how a “We Buy Houses” 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 company in Tempe | Sell with a top Realtor in Tempe |
| Selling timeline | 7 to 30 days | 84 days average; 42 to attract an offer, 42 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 | 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” company and an agent-assisted sale.
Let’s say your home in Tempe is worth about $525,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $550,000.
| Sell to a We Buy Houses company in Tempe | Sell with a top Realtor in Tempe | |
| Estimated sale price | ($550,000 x .70) – $25,000 = $360,000 | $525,000 |
| Market preparations | 0 | $5,250 (1% of sale price) |
| Agent commissions | 0 | $30,450 (5.8% of sale price) |
| Closing costs | 0 | $7,875 (1.5%) |
| Estimated take-home for seller | $360,000 | $481,425 |
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
- Selling to a “We Buy Houses” company in Tempe can speed up the selling process significantly.
- You can sell your house as-is, without investing in repairs or renovations.
- Vet cash-for-homes companies thoroughly to ensure you’re working with a reputable buyer.
- Avoiding traditional real estate commissions can save money, though offers may be below market value. That’s why it’s important to know your home’s value before agreeing to sell.
- HomeLight’s Simple Sale platform presents no-obligation, all-cash offers for homes in any condition in Tempe, connecting you with a wide range of investors. It’s an ideal starting point for sellers who are unsure about their home’s target market.
Thinking about selling your house to a “We Buy Houses” company in Tempe? It can be a quick and easy option, but there’s more to consider. Gathering multiple offers lets you compare prices and find the best deal for your situation. Consulting with a top Tempe agent can also provide insights on how soon and for how much your property might sell on the open market. If you’re ready to explore your options, let HomeLight assist you with all of your real estate needs.
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