In Aurora, Colorado, We Buy Houses companies are gaining traction, offering a unique solution for homeowners looking to sell quickly. These companies make all-cash offers, often targeting homes requiring a little or a lot of repair or renovation. If you’re in a situation where time, expertise, or finances for home improvements are out of reach, these cash offers can be a lifeline.
Selling your Aurora home for cash can be particularly appealing if you are facing an urgent or unexpected situation. Whether it’s a job relocation, financial necessity, or other personal reasons, a quick cash sale eliminates the usual complexities of the real estate market.
This post aims to guide you through the intricacies of dealing with house-buying companies in Aurora. We’ll explore the pros and cons, helping you understand your options and make an informed decision that aligns with your needs and circumstances.
Sell Your House Fast in Aurora, Colorado With a Cash Offer
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Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Aurora area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Aurora
Navigating selling your home to a house-buying company in Aurora can be straightforward and swift. Here’s a step-by-step guide to help you understand what to expect:
- Research companies: Research various We Buy Houses companies in Aurora. Look for those with a strong reputation and positive reviews. This step ensures you’re dealing with a legitimate and trustworthy buyer.
- Initial contact: Reach out to the chosen company. This usually involves filling out a form on their website or making a phone call. You’ll provide basic information about your property, such as location, size, and condition.
- Property assessment: The company will then assess your property. This might be a physical visit or a virtual assessment, depending on the company’s process and your preference.
- Receive an offer: The company will present a cash offer based on the assessment. This offer typically is non-negotiable and is a take-it-or-leave-it deal.
- Review the offer: Take your time to review the offer. Consider your financial needs and the convenience of a quick sale against the offer amount.
- Close the sale: If you accept the offer, the company will work with you to close the sale. This process typically is much quicker than a traditional sale and can sometimes be completed in as little as a week.
Popular We Buy Houses for Cash companies in Aurora
If the process of selling to a house-buying company in Aurora 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 split-level home or your parents’ ranch-style home. With these options, you can sell your Aurora home to one of these companies in a week or two.
Blue Halo Homes
Blue Halo Homes helps homeowners deal with complex situations. They are known for efficiently closing fair deals, even in challenging scenarios like bad mortgages, bankruptcy, structural problems, fire damage, troublesome tenants, and legal issues.
Locations: Across the Denver Metro area, including Aurora
Closing costs: Sellers pay no closing costs; Blue Halo Homes covers them.
Blue Halo Homes has a 4.5-star Google review rating, and customers appreciate the team for their exceptional knowledge, individualized attention, and organized approach to business. The company has an A+ rating from the BBB but is not currently accredited.
Website: bluehalohomes.com
Phone: 303-457-1181
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Aurora 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, and 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 locations throughout Aurora.
With Simple Sale, you can get a no-obligation, all-cash offer in as little as 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 Aurora
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 in Denver
Founded by father and son duo Barry and Shaun Martin, who are dedicated to providing fair and honest service, the company emphasizes transparency and privacy. They specialize in purchasing homes in any condition across Colorado, ensuring sellers can relax after accepting an offer as the company manages all aspects of the transaction with a title company. With more than 20 years of experience and a commitment to their community, the team is equipped to help homeowners navigate various selling situations while protecting against potential scams.
Locations: Across Colorado, including Aurora
Closing costs: Sellers pay no closing costs; We Buy Houses in Denver covers them.
We Buy Houses in Denver has a perfect 5-star rating on Google reviews, and customers report that they appreciated the company’s communication and professionalism. Many appreciated the quick and hassle-free process, noting that the team was responsive and efficient in closing deals. Clients expressed gratitude for cash offers, even on homes needing significant repairs, and praised the overall experience as smooth and straightforward. We Buy Houses in Denver as an A rating with the BBB but is not currently accredited.
LVN Real Estate
LVN Real Estate is a veteran-owned, locally operated investment group based in Denver, specializing in buying and rehabilitating distressed properties across several states. Their mission is to streamline the home-selling process for owners, offering fair cash purchases without the complexities of traditional sales. The team comprises experienced professionals dedicated to solving various homeowner challenges, from foreclosures to property maintenance issues. They emphasize a judgment-free environment and provide confidential consultations to explore options for clients.
Locations: Throughout Colorado, including Aurora
Closing costs: Sellers pay no closing costs; LVN Real Estate covers them.
LVN Real Estate has a 4.5-star rating on Google reviews, and clients appreciated how the staff simplified the transaction process, making it efficient and stress-free. Nate, a representative, received multiple commendations for his attentiveness, clear communication, and dedication to ensuring clients felt comfortable throughout the sale. Overall, clients expressed gratitude for the smooth closings and the trustworthy nature of the service provided, recommending the company for its straightforward and no-hassle approach to selling properties. LVN Real Estate has been BBB accredited since 2017 and holds an A+ rating.
Website: lvnrealestate.com
Phone: 720-259-9297
First Integrity Home Buyers
Established locally in 1999, they specialize in purchasing houses, condos, and townhomes at equitable prices. Prioritizing confidentiality, they cover customary closing costs and offer flexible timelines, allowing homeowners to close in as little as three days or as long as three months.
Locations: Across Colorado, including Aurora
Closing costs: Sellers pay no closing costs; First Integrity Home Buyers covers them.
First Integrity Home Buyers has been BBB accredited since 2017 and holds an A+ rating. Clients commend the team for their efficient, fair, and friendly service, and appreciate the company’s ability to provide quick and straightforward solutions for selling properties. First Integrity Home Buyers has a Google presence, but no reviews yet.
Website: firstintegrityhomebuyers.net
Phone: 303-523-7653
Why sell your Aurora house for cash?
Aurora home sellers have many compelling reasons to partner with a cash-for-homes company, including the ability to sell quickly, avoid lengthy negotiations, and skip the usual repairs and showings. It’s a straightforward way to get cash in hand without the typical stress of the selling process.
In Aurora, selling a home on the market typically takes about 86 days using an agent. That includes an average of 42 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 Aurora, and it’s clear why these cash-for-homes groups are an attractive option, even though they won’t offer top-dollar for the homes they purchase.
These companies are growing in popularity, especially for sellers needing more time to prepare, market, and close a traditional home sale. Let’s look at some of the most common reasons Aurora sellers use a We Buy Houses for Cash company over listing a property the traditional way.
Selling your home in Aurora for cash can be an effective solution in a variety of situations. Cash home-buying companies are becoming increasingly popular, particularly among those who may lack the time or resources for a traditional home sale. Here are some common scenarios where choosing a We Buy Houses for Cash company can be particularly advantageous:
- Urgent financial need: If you’re facing financial strain or need quick cash, selling for cash offers a rapid solution.
- Relocation for work: When you need to move quickly for a job, a fast cash sale can ease the transition.
- Avoid foreclosure: Selling your home for cash can be a way to settle debts and avoid foreclosure, preserving your credit score.
- Inherited property: If you’ve inherited a property you don’t wish to keep, selling it for cash is a straightforward way to handle the estate.
- Divorce settlement: In a divorce, selling a cash home can expedite the dividing of assets.
- Property needing repairs: A cash sale can be viable if your home requires significant repairs you can’t afford or manage.
- Desire for privacy: Selling off-market for cash ensures a private transaction, away from public listings and showings.
- Landlord issues: For landlords tired of managing rental properties or dealing with difficult tenants, selling for cash offers a quick exit strategy.
- Downsizing: A quick cash sale can simplify the process for seniors if health issues necessitate moving into a care facility or with family.
- Selling from out of state: For those needing to sell a home from afar, selling for cash can ease much of the stress and complications.
If you are a homeowner in Aurora facing any of these circumstances, considering a cash offer from a We Buy Houses for Cash company might be a sensible choice. Understanding the full spectrum of selling methods, including their pros and cons, will help you make the most informed decision.
Pros and cons of house-buying companies in Aurora
When considering selling your Aurora home to a house-buying company, understanding the advantages and disadvantages is essential. The most significant pros are the speed of the transaction and the ability to sell your home as-is without the need for repairs or preparations.
Pros
- Quick sale: These companies can often close on your home in days, offering a speedy solution compared to traditional selling methods.
- No repairs needed: They will buy your house in its current condition, eliminating the need for costly and time-consuming repairs or renovations.
- Simple process: The selling process typically is straightforward and hassle-free, with less paperwork and no need for staging or showings.
- Cash payment: You receive a direct cash payment, which can be crucial if you need immediate funds for other expenses or investments.
On the other hand, the most significant con of working with a house-buying company in Aurora is that you’re likely to receive an offer below the market value of your home, especially when compared to selling through an experienced real estate agent.
Cons
- Lower offers: These companies usually offer less than the market value of your home as they aim to profit from future resales.
- Limited negotiation: The price offered is often a take-it-or-leave-it deal, with little room for negotiation on your part.
- Potential for scams: Be cautious, as fraudulent operators are in this space, necessitating thorough vetting.
- Loss of competitive bidding: Selling on the open market might result in higher offers, especially in a competitive real estate environment.
Understanding these pros and cons is vital in making an informed decision. Next, we’ll discuss how to vet cash buyers effectively and understand the true worth of your Aurora home.
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 you decide to work with a We Buy Houses for Cash company in Aurora, it’s important to remember that the level of integrity and service offered can vary significantly. Your experience will depend on the character and professionalism of the individual or group making the offer. Before committing, take the time to vet the company thoroughly.
Check online reviews, read testimonials from previous sellers, and research their market presence and performance in Aurora. This due diligence is key in ensuring you’re dealing with a reputable buyer.
Additionally, before signing any buying agreement, read it carefully. Understand every clause and condition. It’s important to know exactly what you’re agreeing to, as this will affect the outcome of your sale. Being well-informed is your best defense against pitfalls in the cash-for-homes process.
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 also can use HomeLight’s Home Value Estimator for an initial estimate in less than two minutes.
Other options to sell your Aurora home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to offer near-instant home value estimates. They provide a mostly online experience, offering all-cash deals typically closer to market value for homes in good condition. The iBuyer process from offer to closing is quick, usually within a few days to two weeks. However, companies like Opendoor and Offerpad charge service fees of 5% to 6%.
Listing with an agent
Listing with a top real estate agent can also result in a fast sale, especially in a seller-friendly market. An agent can provide a comparative market analysis (CMA), which helps determine an appropriate listing price and estimate the time to sell. Many agents offer CMAs, often free.
Partnering with a proven agent can yield the highest selling price and they may even connect you with buyers offering cash closer to market value. If you are interested in exploring the agent option, HomeLight can connect you with a top-performing real estate agent in your area today.
FAQs on Aurora house-buying companies
Most We Buy Houses for Cash companies in Aurora are legitimate businesses. Their services and transaction fees may differ, but the business model has existed for decades. If you use an established group with a track record, you can be fairly confident it’s legitimate.
As with any financial transaction, it’s a good idea to be 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.
Most Aurora We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV) 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 look at an example offer equation. Let’s say your Aurora ranch-style homes could sell for $473,300 after repairs, but it will need $30,000 of work to get there.
($473,300 x .70) – $30,000 = $301,310
In this example, an Aurora We Buy Houses company might offer you about $301,310 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 We Buy Houses for Cash company in Aurora, you may encounter a double-edged sword. On one hand, you won’t have to incur extra costs, as these companies manage nearly all aspects of the transaction once the offer is accepted. On the other hand, this convenience often comes with a trade-off: you may receive a lower overall price 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 affect your bottom line is always a good idea.
We Buy Houses for Cash in Aurora vs. a top Aurora 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 look at how various aspects of the sale may unfold and compare the potential proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Aurora | Sell with a top Realtor® in Aurora |
| Selling timeline | 7 to 30 days | 86 days average; 42 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 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% to 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 Aurora is worth about $473,300 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth about $498,300.
| Sell to a We Buy Houses for Cash company in Aurora | Sell with a top Realtor® in Aurora | |
| Estimated sale price | ($498,300 x .70) – $25,000 = $323,810 | $473,300 |
| Market preparations | 0 | $4,733 (1% of sale price) |
| Agent commissions | 0 | $14,199 (3% of sale price) |
| Closing costs | 0 | $7,099 (1.5%) |
| Estimated take-home for seller | $323,810 | $447,269 |
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 challenging in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Speed and simplicity: Selling your Aurora home to a house-buying company offers a quick and straightforward process, ideal for urgent situations.
- As-is sale: You can sell your home in its current condition, avoiding the need for costly repairs or renovations.
- Lower offers: Be prepared to receive offers below market value, as these companies aim to profit from future resales.
- No negotiations: The offered price is usually non-negotiable, presenting a take-it-or-leave-it scenario.
- Vet carefully: Thoroughly research any house-buying company before committing to ensure you’re dealing with a reputable buyer.
- Explore all options: Consider alternatives like iBuyers or listing with an agent, especially if your home is in a seller-friendly market.
- 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 Aurora agent.
Header Image Source: (Emmanuel Appiah / Unsplash)
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