Navigating the Lakewood, Colorado, real estate market can be challenging, especially when you need a quick sale. We Buy Houses for Cash companies in Lakewood offer an enticing solution, providing all-cash offers for homes that often require work.
If you’re a homeowner without the time, expertise, or financial means for repairs, a cash sale might be your ideal route. These companies cater to those needing to quickly proceed with their life plans, offering a streamlined process that bypasses the usual home-selling hurdles.
While selling to a cash-for-homes company in Lakewood can be a lifeline in urgent situations, it’s crucial to understand both sides of the coin. This guide will help you consider the pros and cons, ensuring you make an informed decision that suits your needs.
Sell Your House Fast in Lakewood, Colorado 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 Lakewood.
Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Lakewood area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Lakewood
When considering a quick sale of your Lakewood home, working with a house-buying company can be a straightforward option. Here’s a simple guide to the process:
- Initial Contact: Reach out to the company with your home details. They typically require basic information about your property to begin the evaluation process.
- Home Assessment: The company will assess your home to estimate its value. This step may include a quick, informal inspection.
- Receive Offer: Based on the company’s assessment, you’ll receive a cash offer. This offer is usually non-negotiable and presented as a take-it-or-leave-it deal.
- Acceptance: If you agree to the offer, you’ll proceed to accept the terms. This is usually a straightforward agreement.
- Closing Process: The company will handle most closing formalities. Closing can happen quickly, sometimes within days.
- Receive Payment: Once everything is finalized, you’ll receive the cash payment for your home, completing the sale process.
Popular We Buy Houses for Cash companies in Lakewood
If the process of selling to a house-buying company in Lakewood sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some top companies that will pay cash for you or your parents’ ranch-style or split-level home. By selling to one of these companies, you should be able to sell your Lakewood home in as little as a week or two.
We Buy Houses in Denver
The company is a trusted home-buying firm based in Denver, Colorado, with more than 20 years of experience and a history of more than 1,000 all-cash offers. Serving homeowners across the state, the team is dedicated to making the selling process quick and easy. With a diverse group of professionals in real estate, engineering, finance, and construction, the company ensures a fair and smooth transaction for every client. Featured on reputable platforms like Realtor.com, Bankrate, and Yahoo Finance, the company upholds the values of empathy, innovation, and respect, focusing on providing win-win solutions for sellers and buyers alike.
Locations: Statewide, including Lakewood
Closing costs: Sellers pay no closing costs; We Buy Houses in Denver covers them.
We Buy Houses in Denver has a perfect 5-star Google rating, and clients have consistently praised the company for its transparency, efficiency, and professionalism in real estate transactions. One client first encountered the team in 2016 when a homeowner needed a quick sale due to relocation. They appreciated how organized and communicative the team was throughout the process, which led to multiple referrals over the years. Another client shared a positive experience selling a family member’s property, noting the team’s kindness and efficiency, even when handling homes in poor condition. The smooth cash transaction provided much-needed relief, and the client felt confident recommending the company to others. The consistent theme of professionalism and care is evident across reviews, with many clients eager to recommend the company to others. We Buy Houses in Denver has an A rating with the BBB but is not currently accredited.
Website: webuyhousesindenver.org
Phone number: 720-738-6020
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Lakewood 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 in locations throughout Lakewood, 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 Lakewood
Closing costs: No prep costs, no agent commissions, and no 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
The Buy-Out Company
The Buy-Out Company is a trusted local real estate buyer specializing in purchasing homes quickly and easily for cash in the Denver area. With more than $778 million in transactions, they offer homeowners a hassle-free solution to selling properties in any condition. From handling paperwork to offering flexible closing dates, The Buy-Out Company ensures a smooth experience with no inspections, repairs, or contingencies. Whether facing foreclosure, managing an estate, or dealing with a distressed property, they provide a fair cash offer within 24 hours, allowing sellers to close on their timeline, sometimes in as few as three days.
Locations: Denver and surrounding areas, including Lakewood
Closing costs: Sellers pay no closing costs; The Buy-Out Company covers them.
The Buy-Out Company has a 4.7-rating on Google reviews, and has been BBB accredited since 2013 and holds an A+ rating. The Buy-Out Company consistently receives high praise for their professionalism, fairness, and streamlined process. Clients appreciate how smoothly transactions are handled, with Bob and his team often taking care of everything, including cleaning and moving, while offering fair prices. Reviews highlight the company’s ability to navigate complex situations with kindness and integrity, whether it’s helping families sell homes quickly or accommodating special requests like staying in the home after closing. Realtors and other business partners also commend their reliability, strong communication, and timely payments, making them trusted collaborators in the real estate market.
Website: thebuyoutcompany.com
Phone number: 303-557-2266
Colorado Cash For Keys
Colorado Cash For Keys is a family-owned real estate solutions company based in Fort Collins, Colorado, dedicated to helping homeowners throughout the state navigate challenging situations such as foreclosure, probate, or owning burdensome properties. With a focus on creating win-win solutions, the company offers personalized assistance to homeowners who need to sell their homes quickly for various reasons. Led by Andrew Hoelzel, who has more than 20 years of experience in the mortgage and real estate industries, Colorado Cash For Keys stands out by prioritizing practical solutions and customer support. Their approach centers on honesty, transparency, and putting the needs of homeowners first, ensuring that even if they don’t buy your home, they will provide guidance to help you move forward.
Locations: Colorado and surrounding areas, including Lakewood
Closing costs: Sellers pay no closing costs; Colorado Cash For Keys covers them.
Colorado Cash For Keys has a 4.9-star Google review rating, and reviews consistently highlight the professionalism, honesty, and dedication of Andrew and his team. Homeowners appreciate the straightforward, no-pressure approach, with many praising the company for providing fair and practical solutions, even when it meant not securing their business. Clients emphasize how easy and stress-free the process of selling their homes was, particularly in difficult situations like probate or relocating out of state. The team’s deep knowledge of real estate and genuine care for clients sets them apart, making them highly recommended by those they’ve helped. The company has no BBB presence.
Website: coloradocashforkeys.com
Phone number: 970-692-9446
Bigger Equity
BiggerEquity is dedicated to simplifying the home-selling process for homeowners facing challenging situations. Founded by Don Sade and his partner Rami, the company recognizes that many individuals need to sell their houses quickly for various reasons, such as divorce, late mortgage payments, medical emergencies, or the need to relocate. Unique to the market, BiggerEquity not only ensures a swift cash payment but also shares profits with homeowners once the property is renovated and sold at retail prices. Their mission is to create win-win solutions, helping clients move on to their next chapter while fostering a reputation for reliability and support. For those looking to sell their homes fast, BiggerEquity promises a hassle-free experience and the opportunity to gain alongside them.
Locations: Nationwide, including Lakewood
Closing costs: Sellers pay no closing costs; Bigger Equity covers them.
BiggerEquity has a 4.8-star Google rating, and reviews reflect a strong sense of professionalism, compassion, and integrity demonstrated by the team during often challenging circumstances. Many clients expressed gratitude for the personalized support they received throughout the selling process, particularly in urgent situations such as dealing with the loss of a loved one, health emergencies, or the need for quick relocations. The team’s ability to educate clients about the process without applying pressure was highlighted as a significant factor in creating a positive experience. Several reviewers noted the team’s commitment to fair dealings, with specific praise for their proactive negotiation on behalf of clients facing difficult financial situations. Overall, the feedback emphasizes a genuine desire to help clients transition smoothly, reinforcing the company’s reputation as a reliable and empathetic partner in real estate transactions. BiggerEquity has been BBB accredited since 2018 and holds an A+ rating.
Website: biggerequity.com
Phone number: 866-333-8377
Why sell your Lakewood house for cash?
There are plenty of valid reasons a Lakewood home seller may choose to work with a cash-for-homes company. The primary benefits are speed, certainty, and remarkable convenience.
In Lakewood, selling a home on the market typically takes about 63 days using an agent. That includes an average of 19 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 Lakewood, 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.
Homeowners in Lakewood choose to sell their houses for cash for various reasons. Here are some common scenarios:
- Urgent financial needs: You might need quick cash for emergencies like medical bills or debt.
- Relocation: A fast cash sale can be convenient if you move for a job or personal reasons.
- Property condition: Selling a house that requires significant repairs is more manageable through a cash sale.
- Avoiding foreclosure: To prevent foreclosure, a quick cash sale can offer a way out.
- Inheritance: Handling an inherited property can be simpler with a direct cash sale.
- Landlord issues: If you’re tired of being a landlord, selling for cash offers a quick resolution.
- Divorce: Selling to a We Buy Houses company can be an ideal solution when dealing with a divorce.
- Downsizing: For seniors needing to downsize quickly, selling their homes for cash is a practical option.
Pros and cons of house-buying companies in Lakewood
Selling your house in Lakewood to a cash-for-homes company offers several distinct advantages and disadvantages.
Pros
- Quick Sale: Cash buyers can close the deal quickly, ideal for urgent sales.
- As-Is Purchase: These companies buy homes in any condition, saving you repair costs.
- No Agent Fees: Selling to a cash buyer eliminates real estate agent commission fees.
- Stress-Free Process: This option avoids the hassles of traditional home-selling.
Cons
- Lower Offers: Expect offers below market value compared to traditional sales.
- Limited Negotiation: Most cash offers are final, with little to no room for negotiation.
- Fewer Options: You might miss out on better offers on the open market.
- Potential Scams: Always research companies thoroughly to avoid fraudulent schemes.
Understanding these points will help you decide if a cash offer is right for you. Let’s now explore how to vet cash buyers and understand your home’s worth.
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 selling your Lakewood home to a We Buy Houses for Cash company, it’s crucial to do your due diligence. Research the company’s reputation, check reviews and testimonials, and understand its market presence.
Also, carefully read the buying agreement before signing. Remember, these companies’ integrity and service levels can vary, and it’s essential to know who you’re dealing with to ensure a fair and transparent transaction.
HomeLight suggests you consult with an experienced local agent to understand better 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 estimate in less than two minutes.
Other options to sell your Lakewood home quickly
Besides house-buying companies, Lakewood homeowners have other rapid sale options. iBuyers, like Opendoor and Offerpad, offer a mostly online, efficient selling experience, often closer to market value, and charge service fees of 5% to 6%. They’re suitable for homes in good condition.
On the other hand, working with a top real estate agent can result in higher selling prices, particularly in markets that favor sellers. Agents bring valuable expertise and often provide a complimentary Comparative Market Analysis (CMA) to help establish competitive pricing for faster sales. HomeLight can connect you with a top agent in Lakewood if this seems like an option you’d like to pursue.
FAQs on Lakewood house-buying companies
Most We Buy Houses for Cash companies in Lakewood 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, being alert for scams is a good idea. 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 Lakewood 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 Lakewood ranch-style home could sell for $600,000 after repairs, but it will need $30,000 of work to get there.
($600,000 x .70) – $30,000 = $390,000
In this example, a Lakewood We Buy Houses company might offer you about $390,000 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 Lakewood We Buy Houses for Cash company, you may find yourself facing a double-edged sword. On one hand, it typically won’t incur extra costs, as these companies make an offer and manage most of the process after acceptance. On the other hand, you may end up receiving 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 hidden program fees might affect your bottom line is always a good idea.
We Buy Houses for Cash in Lakewood vs. a top Lakewood 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 the various aspects of the sale and compare potential proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Lakewood | Sell with a top Realtor® in Lakewood |
| Selling timeline | 7 to 30 days | 63 days average; 19 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 top We Buy Houses for Cash company in Lakewood and an agent-assisted sale.
Let’s say your home in Lakewood is currently worth about $600,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth about $625,000.
| Sell to a We Buy Houses for Cash company in Lakewood | Sell with a top Realtor® in Lakewood | |
| Estimated sale price | ($625,000 x .70) – $25,000 = $412,500 | $600,000 |
| Market preparations | 0 | $6,000 (1% of sale price) |
| Agent commissions | 0 | $18,000 (3% of sale price) |
| Closing costs | 0 | $9,000 (1.5%) |
| Estimated take-home for seller | $412,500 | $567,000 |
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
It’s best to consider every option before selling your property. There are several routes you can take, and it’s good to consider all of the factors we’ve discussed, considering the pros and cons of each:
- Fast process: Cash-for-homes sales are quick and straightforward.
- No repairs needed: Sell your home as-is without renovations.
- Simple transaction: Avoid complex traditional sale processes.
- Lower offers: Expect less than market value.
- Research is key: Thoroughly vet house-buying companies.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
- Compare options: Explore all selling methods for the best outcome.
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 Lakewood agent.
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