When life demands a quick change, whether it’s due to financial pressure, relocation, or simply the need to move on, “We Buy Houses” Broward County companies offer a way out. If your home needs repairs you can’t manage or don’t want to deal with, these cash buyers step in to purchase it as-is. There are no delays or the usual hassles, but rather, a fast, straightforward sale so you can close this chapter and start the next one with peace of mind.
This post will examine the pros and cons of working with house-buying companies, helping you make an informed decision that aligns with your immediate needs and plans.
Sell Your House Fast in Broward County With a Cash Offer
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Working with house-buying companies in Broward County
Working with house-buying companies in Broward County can offer a streamlined alternative to the traditional home-selling process, especially if you’re looking for a quick and straightforward sale. Here’s how selling your house for cash works:
- Research companies: Start by looking into reputable house-buying companies in Broward County. Check their reviews and past transactions to ensure they’re legitimate and have a record of fair dealings.
- Request an offer: Contact the company for an offer on your home. This usually involves submitting details about your property through their website or over the phone.
- Let the staff evaluate your home: The company will assess your home’s condition, either virtually or in person, to determine an offer price.
- Receive an offer: Based on the evaluation, the company will present you with a cash offer for your home. Remember, this offer is typically non-negotiable.
- Accept the offer: If you decide the offer meets your needs, you can accept it. The sale process can move forward without the need for traditional listings, showings, or open houses.
- Close the sale: The final step is closing the sale. House-buying companies often cover all closing costs and can complete the transaction in as little as a week, allowing you to move on with your life plans quickly.
Popular We Buy Houses for Cash companies in Broward County
If the process of selling to a house-buying company in Broward County 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’ property, whether that’s a ranch or a Mediterranean Revival home. By working with one of these companies, you should be able to sell your Broward County home in as little as a week or two.
FL Cash Home Buyers, LLC
Formed in 2011, FL Cash Home Buyers has completed over 800 real estate transactions. It addresses a wide range of property-related challenges, including significant structural damage, foreclosure situations, tenant-occupied homes, and inherited estates.
In addition to cash offers to purchase homes in “as is” condition, it provides a service to complete necessary repairs on the property and helps sellers find a third-party buyer should they choose a more traditional listing route.
Locations: Throughout Florida, including Broward County
Closing costs: Sellers pay no closing costs; FL Cash Home Buyers covers them.
FL Cash Home Buyers has been BBB accredited since 2015 and currently holds an A+ rating. Its Google Business Profile features a near-perfect 4.9-star rating. Most clients describe their experience as smooth and efficient, with clear communication and timely closings.
They felt confident in the fairness of the offer and appreciated the no-fee approach. Many highlighted the company’s ability to move fast while still delivering great value. Families, in particular, spoke positively about the overall process and considered the team a reliable partner for off-market opportunities.
Website: floridacashhomebuyers.com
Phone number: 954-519-7040
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Broward County (and across the country) can request a cash offer for their home. It connects you to one of the largest networks 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 Broward County.
With the platform, 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 Broward County
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it earned accreditation from the BBB in 2019 and now holds 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.
Website: homelight.com/simple
Phone: 844-488-8455
Freedom Cash Home Buyers
Founded in 2017, Freedom Cash Home Buyers prides itself on providing fair offers to Florida sellers. Over the years, it has purchased more than 600 homes and paid homeowners $65 million in cash.
The house-buying process begins when you speak with a representative over the phone and provide information about your home and needs. After evaluating your home, an employee presents an offer. If you accept the offer, you’ll complete a contract. Typically, you receive your cash 10 to 20 business days after signing.
Locations: Throughout Florida, including Broward County
Closing costs: Freedom Cash Home Buyers covers closing costs with the exception of property taxes and mortgage balance.
Freedom Cash Home Buyers earned its BBB accreditation in 2017 and currently holds an esteemed A+ rating. It boasts a 4.9-star rating on Google, as it received several positive customer testimonials. Many reviews mention employees’ quick responses to calls and emails and their ability to answer questions thoroughly and professionally. Sellers also report a simple closing process, even if a home is in poor condition.
Website: freedomcashhomebuyers.com
Phone: 877-356-4651
Cornerstone Home Buyers
Cornerstone Home Buyers has been buying homes for over 15 years. Since its founding, it has purchased more than 250 properties, assisting thousands of families in Florida.
After touring your home in person or virtually, the company makes a cash offer with no fees or commissions attached. If the seller accepts the offer, Cornerstone Home Buyers will coordinate with them to schedule a closing date that fits their timeline.
Locations: Throughout Florida, with a focus on the Miami area
Closing costs: Sellers pay no closing costs; Cornerstone Home Buyers covers closing costs.
Accredited by the Better Business Bureau since 2021, Cornerstone Home Buyers currently enjoys a stellar A+ rating. Meanwhile, its Google Business Profile has a high average score of 4.3 stars.
Clients describe Cornerstone Homebuyers as dependable, supportive, and deeply committed. Beyond just facilitating a home purchase, the team reportedly stepped in to handle complex challenges with ease. Many say they felt genuinely cared for, with some even likening the experience to being treated like family rather than just customers.
Website: cornerstonehomebuyers.com
Phone: 305-615-2888
My Quick Home Buyers
Established in 2009, My Quick Home Buyers specializes in acquiring single-family homes, multi-family residences, condominiums, townhouses, and vacant land. It purchases properties in as-is condition, eliminating the need for costly repairs or renovations.
Transactions typically close within 30 to 45 days, offering sellers a timely and efficient process. Its streamlined approach minimizes complications and reduces the stress often associated with traditional real estate sales.
Locations: Broward, Miami-Dade, and Palm Beach counties
Closing costs: Sellers pay no closing costs; My Quick Home Buyers covers them.
My Quick Home Buyers is proud to have a 4.4-star rating on Google, thanks to satisfied homeowners across the area. Some seasoned sellers say the company delivers one of the smoothest real estate experiences they’ve ever had. Others praised the staff for being knowledgeable, courteous, and professional throughout the process.
From flexible closing options to fast fund transfers, every detail is handled with care. Many plan to refer others and work with them again in the future.
Website: myquickhomebuyers.com
Phone: 866-758-8897
Why sell your Broward County house for cash?
There are a number of reasons why a Broward County home seller might choose to work with a Cash-For-Homes company. The most common include fast closings, a straightforward selling process, and the assurance that the sale will go through.
In Broward County, selling a home on the market using an agent typically takes around 112 days. That includes an average of 72 days on the market, from listing to signed contract, plus the typical 40 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 Broward County, 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.
Choosing to sell your Broward County house for cash can be an attractive option under various circumstances, particularly when speed and simplicity are paramount. Let’s explore some scenarios where turning to a house-buying company might make sense:
- Job relocation: Moving quickly for a new job opportunity can make the fast sale process offered by cash buyers appealing.
- Divorce settlement: Settling property matters quickly in a divorce can be facilitated by a cash sale.
- Unwanted inheritance: Working with house-buying companies lets you sell an inherited home quickly without the hassle of traditional market preparations.
- Downsizing transition: A quick cash sale can simplify the transition when looking to move to a smaller home or a retirement community.
- Major repairs needed: Facing significant issues like a damaged foundation or termite infestation can make a fast cash offer more attractive than facing costly repairs.
- Open house stress: Sellers who prefer not to deal with the inconvenience of open houses may opt for a straightforward cash sale.
- Foreclosure solution: A quick cash sale can be a way out for homeowners facing foreclosure who aim to settle debts promptly.
- Problematic tenants: Cash buyers offer an expedited path to sale for landlords wanting to sell properties burdened by tenants.
- Remote home sale: With an instant cash offer from a house-buying company, you can experience a no-hassle process when selling from out of state.
Pros and cons of house-buying companies in Broward County
Selling your Broward County home to a house-buying company can be easy and efficient, particularly if you’re looking for speed and convenience.
The primary advantages include selling your house in any condition and closing quickly without needing repairs or preparations.
Pros
- Quick sale: The process can be completed in as little as a week, offering a swift solution for those who need to sell urgently.
- As-is purchase: These companies buy homes in any condition, allowing you to skip the hassle and expense of making repairs.
- No need for showings: You can avoid the stress and intrusion of staging your home and hosting multiple showings.
- Simplified process: The sale involves fewer contingencies, making for a smoother and more predictable closing process.
However, while the speed and convenience of house-buying companies are appealing, it’s essential to consider the potential downsides.
Cons
- Below-market-value offers: Offers from these companies are typically below market value, meaning you might receive less than if you sold through the traditional market.
- Limited negotiation: The price offered is often final, leaving little room for negotiation to increase the sale price.
- Scam risks: It’s crucial to research and verify the company’s legitimacy to avoid house-buying scams.
- Missed market premium: You might miss out on a higher sale price achievable on the open market, especially in a seller’s market.
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
Choosing to work with a We Buy Houses for Cash company in Broward County means that the level of integrity and service you encounter can significantly differ from one buyer to another. Your experience largely hinges on the character and reliability of the individual or group extending the cash offer.
Take these steps to ensure you’re working with a reliable cash buyer:
Do your due diligence: Vet the company by checking reviews, reading testimonials from previous sellers, and researching its market presence and performance.
Review the contract: Before committing to a cash offer, read through the buying agreement carefully. Understanding every term and condition ensures that the deal aligns with your expectations and needs.
Consult with an experienced local agent: This will help you get a better idea of what your home might be worth if sold on the open market.
With this information, you can 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 Broward County home quickly
Exploring other quick sale avenues beyond cash-for-homes companies offers valuable alternatives:
Working with iBuyers: Instant buyers, known as iBuyers, use automated valuation models to make fast, all-cash offers, often at a value closer to market rates for homes in good condition. The process can be rapid, from offer to closing, spanning only a few days to a couple of weeks.
However, service fees typically range from 5% to 6%. Major iBuyer companies like Opendoor and Offerpad are ideal for sellers with homes in markets of homogeneous housing stock.
Listing with an agent: While quick sales are the focus, you shouldn’t overlook the potential of listing with a real estate agent. In seller-friendly markets, a strategic listing and marketing approach can expedite the sale. The top agents, leveraging their market knowledge, can secure prices up to 10% higher than average.
Agents also offer a comparative market analysis (CMA), often for free, helping set competitive pricing. Additionally, agents might connect you with cash buyers, ensuring a well-informed decision. For those considering an agent, HomeLight can connect you with top performers in your area.
FAQs on Broward County house-buying companies
By and large, most We Buy Houses for Cash companies in Broward County 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.
Most Broward County 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 take a look at an example offer equation. Let’s say your Broward County Ranch house could sell for $455,000 after repairs, but it will need $30,000 of work to get there.
($455,000 x .70) – $30,000 = $288,500
In this example, a Broward County We Buy Houses company might offer you around $288,500 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 they 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 Broward County 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 impact your bottom line is always a good idea.
1. Research and vet the house-buying companies that serve your Broward County area. Our list above is a good place to start.
2. Submit offer requests to a few of the companies you like best.
3. Schedule any required on-site property visits.
4 . Compare offers. Weigh the pros and cons and choose the best option for you.
5. 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 Broward County vs. Top Broward County 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 Broward County | Sell with a top Realtor in Broward County |
Selling timeline | 7 to 30 days | 112 days average; 72 to attract an offer, 40 to close the loan |
Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the home |
Showings | None | 10 to 25 showings on 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 the 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 | 3% to 6% of the home’s sale price |
Closing costs | None | 1% to 3% of the home’s sale price on top of agent’s 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 Broward County is worth about $425,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $455,000.
Sell to a We Buy Houses for Cash company in Broward County | Sell with a top Realtor in Broward County | |
Estimated sale price | ($455,000 x .70) – $30,000 = $288,500 | $425,000 |
Market preparations | 0 | $4,250 (1% of the sale price) |
Agent commissions | 0 | $12,750 (3% of the sale price) |
Closing costs | 0 | $6,375 (1.5% of the sale price) |
Estimated take-home for seller | $288,500 | $401,625 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent.
However, net proceeds are not the only consideration when selling a home. What’s best for your situation will depend on the condition of your property, the level of repairs needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent’s timeline might not fit your immediate needs.
Key takeaways
- Quick sales: Cash-for-homes companies in Broward County offer a rapid sale process, appealing to those needing to sell quickly.
- As-is convenience: Selling your home as-is removes the need for repairs or renovations, simplifying the selling process.
- Below-market-value offers: Be prepared that offers from these companies are often below market value, affecting your potential profit.
- Due diligence: Thoroughly vet any cash buyer by checking reviews and track records to avoid scams.
- Other selling methods: Consider alternatives like iBuyers for closer-to-market offers or listing with an agent for potentially higher profits.
- Expert advice: Consulting with a top Broward County agent can provide valuable market insights and more selling options.
- Home value: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
At HomeLight, we’re happy to help you navigate 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-performing agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Broward County area ‘We Buy Houses’ companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
Header Image Source: (Jason Dent/ Unsplash)