5 Top We Buy Houses for Cash Companies in Wichita
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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.
“We Buy Houses” companies are a great option for Wichita homeowners who need to sell their homes quickly but lack the time or money necessary to make repairs.
These companies offer a straightforward, all-cash option for sellers that value time over the bottom line.
A cash sale is particularly appealing if you’re facing an urgent or unexpected situation requiring a rapid home sale. Whether it’s a job relocation, financial pressures, or inheriting a property you’re unprepared to manage, these companies provide a lifeline by making immediate offers.
This post will guide you through the advantages and disadvantages of selling your home for cash in Wichita, helping you make an informed decision about how best to dispose of your property.
Sell Your House Fast in Wichita With a Cash Offer
Get an all-cash, no-obligation offer 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. Available to sellers throughout Wichita.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Wichita area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Wichita
Selling your home in Wichita to a house-buying company is significantly faster than the traditional selling process, catering to homeowners who prioritize speed and convenience. Here’s a simple guide on what to expect:
- Research companies: Look up reputable cash-for-homes companies in Wichita. Ensure they have a solid track record of fair dealings and positive reviews.
- Submit your details: Reach out to your chosen company with information about your property. This usually involves filling out a form on their website or making a direct call.
- Schedule a visit: The company will arrange a time to view your home. This visit is to assess the property’s condition and any factors that might affect the offer.
- Receive an offer: Based on their assessment, the company will make an all-cash offer for your home. This offer is typically no obligation, allowing you to accept or decline without pressure.
- Accept the offer: If the offer aligns with your expectations, you can proceed by accepting it.
- Close the sale: After accepting the offer, closing is often quick, sometimes within a week. The company handles most of the paperwork, leading to a hassle-free sale for you.
Popular We Buy Houses for Cash companies in Wichita
If the process of selling to a house-buying company in Wichita 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 you or your parents’ bungalow or colonial revival home. By selling to one of these companies, you should be able to sell your Wichita home in as little as a week or two.
Wichita Home Link
Wichita Home Link is a real estate solutions and investment firm based in Wichita, Kansas, specializing in helping homeowners sell their properties quickly and efficiently. Their services are designed to eliminate the need for repairs, inspections, and realtor fees, making the selling process straightforward and hassle-free.
Locations: Kansas, including Wichita and surrounding areas.
Closing costs: Sellers pay no closing costs; Wichita Home Link covers them.
Wichita Home Link has been BBB accredited since January 2024 and holds an A rating. It has received positive feedback from customers who have worked with them on various deals. The company is highly recommended by customers for its professional approach, honesty, and care for all parties involved in the transaction. The company has a 5.0-star rating on Google.
Website: webuyhousesinwichitaks.com
Phone number: 316-258-0650
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Wichita (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 in different locations throughout Wichita, even those that need some or a lot of work.
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 Wichita
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 Ugly Houses® / HomeVestors®
We Buy Ugly Houses is a subsidiary of the parent company HomeVestors. HomeVestors was founded in 1996 and began franchising, so this company is also one of the longer-standing house-buying companies in a crowded market. Its independently owned and operated offices have purchased more than 110,000 houses since inception.
Locations: Kansas, including Wichita, and markets nationwide.
Closing costs: Sellers pay no closing costs; We Buy Ugly Houses covers them.
This well-known company garners reliably positive reviews on Google. Holding a 4.7-star rating there as well as an A+ BBB rating, customers appreciate “compassionate, “professional,” and “respectful” staff. Several reviewers on Google note that the agents they worked with went “above and beyond” to deliver a swift, positive customer service experience.
Website: webuyuglyhouses.com/wichita
Phone number: 877-468-1079
We Buy Houses, Wichita
WeBuyHouses.com was founded in 1997 and buys houses in 200 markets and 30 states in any condition. According to their website, they have been trusted by 1 million homeowners and can present a cash offer even if the homeowner is behind on their mortgage or facing foreclosure.
Locations: Nationwide, including Wichita
Closing costs: Sellers pay no closing costs; WeBuyHouses.com covers them.
WeBuyHouses.com has been BBB accredited since August 2020 and has an A+ rating. Customer reviews for WeBuyHouses.com speak to their professionalism and understandable procedure.
Website: webuyhouses.com/KS/Wichita
Phone number: 877-932-8946
KC Property Connection
KC Property Connection is a Wichita-based company that buys houses for cash, focusing on repair, renovation, and resale. Established in 2009, the company prides itself on its fast and efficient service, offering cash offers based on after-repair values. KC Property Connection is committed to buying houses in any condition, including those needing repair, and is known for its straightforward and hassle-free process.
Locations: KC Property Connection provides house-buying services throughout most of Missouri and Kansas.
Closing costs: Sellers pay no closing costs; KC Property Connection covers them.
KC Property Connection has been BBB accredited since 2020 and holds an A+ rating as well as 4.8 stars on Google. Customer reviews on Google recommend KC Property Connection for “the most prompt, fair, and efficient experience.” They praise the company for its professionalism and easy, hassle-free selling process.
Website: kcpropertyconnection.com/ks/wichita/
Phone number: 816-600-4417
Why sell your Wichita house for cash?
Many Wichita homeowners find appealing reasons to sell through a Cash-For-Homes company, including the rapidity of sale, assuredness of closing, and the overall simplicity of the process.
In Wichita, it typically takes around 82 days to sell a home on the market using an agent. That includes an average of 35 days on the market plus the typical 47 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 Wichita, 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 common scenarios where selling to a house-buying company makes sense:
- Job relocation: When you need to move quickly for a new job opportunity and don’t have time for a traditional sale, considering a cash offer can be a swift solution.
- Divorce: In the midst of dividing assets, selling your home for cash can simplify an already complex process.
- Inherited: Managing an inherited property can be overwhelming, especially if it’s in a location far from you or requires significant upkeep.
- Downsizing: For those looking to move to a smaller space or a retirement community, a quick cash sale can facilitate an easier transition.
- Repairs: Homes that need extensive repairs can be difficult to sell traditionally; cash buyers often purchase homes “as-is.”
- Open houses: Skipping the hassle of open houses and direct buyer negotiations can be a relief for sellers looking for a straightforward sale.
- Foundation issues: Structural problems, like foundation issues, can be a dealbreaker for traditional buyers but are often acceptable to cash-buying companies.
- Foreclosure: Facing foreclosure, selling for cash may provide a way to quickly settle debts and avoid further financial distress.
- Tenants: Selling a property with tenants, especially problematic ones, can be simpler through a cash sale, avoiding the complexities of tenant rights during a traditional sale.
- Selling from out of state: Managing a property sale from a distance can be challenging; cash sales can simplify this process, making it easier and quicker.
Pros and cons of house-buying companies in Wichita
Selling your home to a house-buying company in Wichita offers a quick and hassle-free solution, especially if you’re looking to sell your house as it is without needing repairs or preparations. Here are some of the benefits:
Pros:
- Speed of sale: The most significant advantage is the rapid process, often closing in a matter of days, which is ideal for those needing to sell quickly.
- No need for repairs: Companies buy homes in their current state, allowing sellers to skip the cost and time associated with home improvements. Learn more about selling your home as-is.
- Simplified process: Selling to a cash buyer eliminates many of the typical selling steps, such as hosting open houses and managing repair projects.
- Fewer sales fall through: Cash sales reduce the risk of deals falling apart from financing issues or failed inspections, making the transaction more secure. Understand how contingencies affect sales.
Selling to a house-buying company can also have downsides, mainly in regards to the offer amount and the risk of encountering less reputable buyers.
Cons:
- Below market value offers: Expect offers to be less than what you might achieve on the open market, as these companies need to account for their profit margin and repair costs. How much do house-buying companies typically pay?
- Limited negotiation: The price offered is often take-it-or-leave-it, with little room for negotiation, pressing sellers to make a quick decision.
- Potential for scams: While many companies are reputable, the industry has its share of less scrupulous buyers. Sellers should be vigilant. Beware of home buying scams.
- Loss of equity: Selling for below market value can mean losing out on potential home equity, especially if your home is in a desirable location or has unique features.
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 sale to a We Buy Houses for Cash company in Wichita, remember that experiences can significantly vary based on the company’s integrity and service level. Before accepting a cash offer, take the time to vet the company thoroughly.
Look for reviews, read testimonials, and research its market presence and past performances. Understanding the terms of any buying agreement fully before you commit by reading it carefully is crucial.
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 for an initial ballpark estimate in less than two minutes.
Other options to sell your Wichita home quickly
Exploring alternatives like iBuyers or listing with a real estate agent can offer different benefits. iBuyers use automated valuation models to provide quick offers for homes in better condition, often closer to market value, with a fast process but include service fees. Companies like Opendoor and Offerpad are notable iBuyers.
Listing with an agent, though possibly taking longer, may yield a higher sale price, especially in a seller-friendly market. Agents offer valuable insights through a comparative market analysis, often free, helping set competitive pricing for quicker sales. An experienced agent may also find cash buyers willing to meet your price. If curious about the agent route, HomeLight can help.
FAQs on Wichita house-buying companies
By and large, most We Buy Houses for Cash companies in Wichita 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 Wichita 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 Wichita bungalow could sell for $195,400 after repairs, but it’s going to need $30,000 of work to get there.
($195,400 x .70) – $30,000 = $106,780
In this example, a Wichita We Buy Houses company might offer you around $106,780 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 Wichita We Buy Houses for Cash company, you will likely be coming to grips with a two-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 the offer is accepted. On the other side, 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 Wichita 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 Wichita vs. top Wichita 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 Wichita | Sell with a top Realtor in Wichita |
| Selling timeline | 7 to 30 days | 82 days average; 35 to attract an offer, 47 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 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 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 Wichita is currently worth about $195,400 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $220,400.
| Sell to a We Buy Houses for Cash company in Wichita | Sell with a top Realtor in Wichita | |
| Estimated sale price | ($220,400 x .70) – $25,000 = $129,280 | $195,400 |
| Market preparations | 0 | $1,954 (1% of sale price) |
| Agent commissions | 0 | $11,333 (5.8% of sale price) |
| Closing costs | 0 | $2,931 (1.5%) |
| Estimated take-home for seller | $129,280 | $179,182 |
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
- Quick sale: The primary advantage of working with a house-buying company in Wichita is the ability to sell your home quickly, often within days.
- As-is condition: You can sell your property in its current state without making costly repairs or improvements.
- Simple process: These companies streamline the home-selling process, reducing stress and eliminating the need for open houses and negotiations.
- Below market value: Be prepared to receive offers that are below the market value of your home compared to traditional sales methods.
- Vet companies: It’s crucial to research and vet any house-buying company before accepting an offer to ensure legitimacy and fair treatment.
- 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 Wichita agent.
Header Image Source: (RJA1988/Pixabay)
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