Last Updated on December 31, 2022 by Tabraiz
Last year (2021) witnessed over 20 percent cash home sales. In Alabama, the average price of homes also went up by 15.7 percent from March 2021 to April this year. Some experts claim that the booming market may cool down this year. However, we feel this is the most suitable time for selling for cash. Businesses that purchases homes for cash can be divided into two categories.
- Cash Companies: Whenever you’re searching for “Companies that buy houses for cash near me.” These companies offer around 50 to 70 percent of the market value of your property. Typically, they do not charge closing fees or have no service. The businesses also purchase rented or distressed properties.
- iBuyers: Companies in this category usually offer 70-90 percent of the market value of the property. They can charge high fees for their services but do not typically purchase rented or distressed properties. Many iBuyers also stay away from home with title complications.
I) Houzeo.com
It is the most famous platform for all those sellers who are hunting for reasonably priced full-service businesses. These businesses offer maximum exposure to home buyers for cash.
Get the best price for the cash sale
If you list your home with this iBuyer, the MLA listing is published on thousands of real estate portals. Some of these are Redfin, Realtor.com, Trulia, and Zillow. Thus, your property enjoys a huge exposure to various cash house buyers at one go. As the buying market becomes competitive this way, you get a chance to get the best deal.
Enjoy the highest exposure to cash house purchasers in Alabama
Speak to any of their representatives and they will happily tell you “We buy houses Alabama”. The company offers a high degree of exposure for the listed property. Home buyers who want to pay cash look out for houses on the open market. Houzeo makes sure you are a step closer to connecting to a potential cash buyer.
Established track record with home buyers for cash transactions
The company has witnessed several iBuyers and cash home buyers, such as Offerpad and Opendoor. It has led to competitive cash offers on the properties, which are on Houzeo.com’s list.
You get the most lucrative offer terms for the cash sale
There are limited restrictions on Houzeo, It means the legal terms & conditions for your sale can be extremely flexible in terms of closing dates and timelines.
2. We Buy Houses
It is a cash-buying organization and has a country-wide presence, as it is functional in all fifty states. If you workwith this company in Birmingham, you would feel as if you are interacting with a private investor of real estate in your locality. They sell your homes fast and for cash, irrespective of how adverse the situation is. The company provides 50 to 70% of the FMV (Fair Market Value of the property in Alabama.
You have to share details, such as a picture of your house, some fundamental info about your property’s status and size, and your address on the website. These details are necessary to get a cash offer. Vendors who are interested will assess the home based on criteria, such as housing trends and local market sales. Finally, they will make a cash offer for your home.
Closing timelines
The company typically takes about 1 week to 30 days to close a real estate transaction.
Preliminary cash offer
They take a maximum of forty-eight business hours to share the preliminary cash offer. Their final cash offer is usually in sync with the first cash offer. However, they may reduce their final cash offer for incurring repair expenses.
Ideal for
The site is most suitable for home sellers who want to work with a private investor in real estate in their neighborhood.
Service fee
We Buy Houses does not charge any service fee.
3. Opendoor
Opendoor was set up in 2014. They were the first iBuyer that introduced instant cash for a house, which is the iBuying model. The company is the largest iBuyer in the country. They offer 90 to 100 percent of the FMV (Fair Market Value) in Alabama.
Interested sellers need to send their address, basic details about their property’s status and size, and an image of their homes on the mobile app or website of Opendoor. In case, your property falls within the coverage of Opendoor, a representative will evaluate the house. They will then make an offer depending on the formula for their home pricing.
Service fees
Opendoor charges a service fee of 5 percent along with deductions for home repairs. The latter is usually in the range of 1 to 7 percent.
Preliminary offer
They take about twenty-four hours to share their cash offer. Incidentally, it is the best offer sellers can get for a property. They give the final cash to the seller after subtracting closing expenses, usually 6 to 13 percent.
Ideal for
Opendoor is ideal for home sellers who want to sell their pretty houses in desirable locations. Such properties do not require too many repairs.
Closing timelines
The company normally takes about 2 weeks to sixty days to close a real estate transaction.
Check out Opendoor Reviews for more information.
4. Offerpad
It happens to be one of the largest iBuying businesses in the United States. Intelligent data analytics, a team of experienced in-house real estate specialists, and the latest technology backed the real estate company. Offerpad closes transactions in a flash and makes instant cash. The company provides 80 to 100 percent of the FMV (Fair Market Value) of the property in Alabama.
A seller has to share their address and basic details about the status and size of their properties. They also have to put a picture of the house on the mobile app or website of Offerpad to get the cash offer. Their team of specialized real estate professionals will inspect the home in question. The patented evaluation tool provides the starting “offer price” for a property.
Check out Offerpad Reviews for more information.
Service fee
Offerpad charges a service fee of 5 percent along with a deduction for any repair work done. The latter usually ranges in the range of 1 to 7 percent.
Preliminary offer
The company takes about twenty-four to forty-eight business hours to present its preliminary cash offer. They calculate the final cash offer after subtracting service fees and closing expenses. It usually falls between 6 and 13 percent.
Ideal for
Home sellers who own attractive properties and want a quick closing.
Closing timelines
They close within 7 days and are quicker than other iBuyers.
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