We Buy Houses Tyler, TX: Top 5 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.
Need to sell your house fast in Tyler, TX? We Buy Houses companies in Tyler make cash offers for homes in any condition, giving you a quick and simple solution when repairs or time are in short supply. Whether you’re dealing with unexpected circumstances or simply want to move on without the hassle of listing, selling for cash could be your best option.
When you work with a We Buy Houses company, you can avoid costly repairs, showings, and lengthy negotiations. Instead, you get a fast, all-cash sale that allows you to close on your schedule and move forward with your plans.
In this post, we’ll explore the pros and cons of working with house-buying companies in Tyler, TX, so you can weigh your options and make the right decision for your home sale.
Sell Your House Fast in Tyler 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 Tyler area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Tyler
Working with a house-buying company in Tyler, TX, can be a fast and simple way to sell your home without the stress of repairs or lengthy negotiations. If you need a quick home sale, here are the steps you’ll follow when working with a cash-for-homes company in Tyler.
- Contact the company: Reach out to a We Buy Houses company in Tyler to express your interest in selling your home.
- Provide property details: Share basic information about your home’s condition, size, and location to help the company assess your property.
- Schedule a home visit: The company will send a representative to inspect your home and determine its value.
- Receive a cash offer: After the assessment, the company will present you with a no-obligation cash offer for your home.
- Accept the offer: If the offer meets your needs, you can accept and move forward with the sale.
- Close on your timeline: The company will handle the paperwork, and you’ll close on the date that works best for you.
Popular We Buy Houses for Cash companies in Tyler
If the process of selling to a house-buying company in Tyler 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’ Craftsman home or traditional brick house. By selling to one of these companies, you should be able to sell your Tyler home in as little as a week or two.
East Texas Property Buyers LLC
East Texas Property Buyers LLC is a family-owned company that buys properties from people who simply want to sell fast or who are in foreclosure. The company’s owners are real estate investors who fix up the properties they buy, then either rent them out or sell them to someone else.
Locations: Based in Gilmer, Texas
Closing costs: East Texas Property Buyers doesn’t charge fees or commissions if you sell them your home, and they cover all closing costs.
The company has a five-star rating on Google.
Website: easttexaspropertybuyers.com
Phone number: 903-402-1279
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Tyler (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 Tyler.
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 Tyler, TX
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
Texas Land & Home
Texas Land & Home buys homes in Tyler and surrounding towns such as Jacksonville, Kilgore, Palestine, Terrell, Longview, and Marshall, Texas. The company was founded in 2019 by a Tyler, Texas, native who is familiar with the local real estate market.
Locations: Tyler, Texas
Closing costs: Sellers pay no closing costs; Texas Land & Home covers them.
Texas Land & Home a 4.9-star rating on Google, with more than 30 reviews.
Website: texaslandhome.com
Phone number: 903-202-2220
Blake Buys Houses
Blake Buys Houses is a trusted real estate team in East Texas, offering fast, fair cash offers with no hidden fees. They provide a transparent, hassle-free home-selling process focused on customer satisfaction, making it easy for homeowners to sell quickly.
Locations: Tyler, Texas
Closing costs: Sellers pay no closing costs; Blake Buys Houses covers them.
Blake Buys Houses has been BBB accredited since 2021 and has an A+ rating. On Google, it has received two 5-star reviews.
Website: sellblakemyhouse.com
Phone number: 866-204-2290
Next Step House Buyers LLC
Next Step House Buyers LLC, a family-owned Houston company, buys homes in any condition with fair cash offers. With seven years of experience and over 47 homes purchased, they help homeowners facing foreclosure or other challenges
Locations: Spring, TX, and nearby areas, including Tyler.
Closing costs: Sellers pay no closing costs; Next Step House Buyers LLC covers them.
Next Step House Buyers LLC has been BBB-accredited since 2023 and has an A+ rating. On Google, it has received an average 5-star rating.
Website: sellblakemyhouse.com
Phone number: 866-204-2290
Why sell your Tyler house for cash?
There are many solid reasons a Tyler home seller may choose to work with a Cash-For-Homes company. Speed, certainty, and remarkable convenience are some of the primary ones to consider.
In Tyler, it typically takes around 113 days to sell a home on the market using an agent. That includes an average of 69 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 Tyler, 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 house-buying company might make sense.
- Job relocation: You’ve received a job offer in another city and need to sell your home quickly to move for your new job.
- Divorce: During divorce, selling your home for cash can help both parties move on faster without the complications of a traditional sale.
- Inherited property: If you’ve inherited a house you don’t want to keep, a cash sale can simplify the process of selling from afar.
- Downsizing: You’re downsizing for retirement and don’t want to deal with open houses and negotiations.
- Costly repairs: Your home needs significant repairs, but you don’t have the time or money to fix it up before selling.
- Avoiding open houses: You don’t want the hassle of cleaning and prepping for open houses.
- Foundation issues: Foundation problems or other structural issues make selling your house difficult on the open market.
- Foreclosure: You’re at risk of foreclosure and need to sell your home quickly to avoid it.
- Problem tenants: Tenants aren’t leaving, and selling for cash can help you offload the property with less hassle.
- Selling from out of state: If you’re out of state, selling your home for cash can simplify the process without needing to travel back and forth.
Pros and cons of house-buying companies in Tyler
Working with a house-buying company in Tyler can offer clear advantages, especially if you’re in a hurry to sell. The biggest pros are speed and the ability to sell your home as-is, without needing to make repairs or preparations. Let’s take a look at the key benefits.
Pros of house-buying companies in Tyler:
- Quick sale: A house-buying company can close in as little as a week, allowing you to move on quickly.
- Buy as-is: You can sell your home as-is, which means no repairs, cleaning, or staging required.
- No contingencies: Unlike traditional sales, you won’t have to deal with contingencies that could delay or derail the sale.
- Fewer costs: There are no agent commissions or closing costs, which could save you money upfront.
While house-buying companies provide speed and simplicity, the most significant downside is that they often pay below market value compared to what you might get with a real estate agent. Here’s a closer look at the drawbacks to consider.
Cons of house-buying companies in Tyler:
- Lower offers: You’ll typically receive less than what your home would fetch on the open market.
- Limited negotiation: Most companies present a take-it-or-leave-it offer, leaving little room to negotiate the price.
- Potential for scams: Be cautious of scams when dealing with certain house-buying companies.
- Less transparency: Some companies may not provide a clear breakdown of how they arrived at their offer, leaving you in the dark about your home’s true value.
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 Tyler home quickly
iBuyers
iBuyers, like Opendoor and Offerpad, offer an all-cash, fast home sale using automated valuation models. They typically pay closer to market value for homes in good condition, with closing times ranging from days to two weeks. However, expect service fees of 5%-6%. iBuyers are ideal for homes in regions with uniform housing conditions. Learn more about iBuyers.
Listing with an agent
Though less immediate, listing with a top real estate agent can lead to a fast sale in a seller-friendly market. Agents provide a comparative market analysis (CMA), often for free, to help you price your home appropriately. HomeLight can connect you with top agents who may even bring you cash offers closer to market value.
FAQs on Tyler house-buying companies
By and large, most We Buy Houses for Cash companies in Tyler 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 Tyler 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 Tyler traditional brick home could sell for $300,000 after repairs, but it will need $30,000 of work to get there.
($300,000 x .70) – $30,000 = $180,000
In this example, a Tyler We Buy Houses company might offer you around $180,000 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 Tyler 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 Tyler 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 Tyler vs. top Tyler 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 Tyler | Sell with a top Realtor in Tyler |
| Selling timeline | 7 to 30 days | 113 days average; 69 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 | 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 Tyler 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 Tyler | Sell with a top Realtor in Tyler | |
| 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 | $18,560 (5.8% of sale price) |
| Closing costs | 0 | $4,800 (1.5%) |
| Estimated take-home for seller | $216,500 | $293,440 |
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 sale: House-buying companies offer speed, often closing within days or weeks.
- No repairs needed: You can sell your home as-is, without spending time or money on repairs or prep work.
- Lower offers: Expect to receive less than what your home might fetch on the open market.
- Limited negotiation: Most companies provide take-it-or-leave-it offers, leaving little room for price adjustments.
- Convenient process: House-buying companies simplify the sale, with no showings or contingencies to worry about.
- 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 Tyler agent.
Header Image Source: (Marti157900 / Depositphotos)
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