Need to sell your home quickly in the Buckeye State? “We Buy Houses” Ohio companies offer an appealing solution with all-cash offers, especially for properties needing some TLC. This option is particularly beneficial for homeowners who lack the time, resources, or expertise to undertake repairs, providing a quick path to receiving cash and moving on with their lives.
A cash sale can be a great solution for dealing with unexpected or urgent life events, offering a straightforward way out without the hassle of traditional home-selling processes. This post will guide you through the advantages and drawbacks of selling your Ohio home to cash-for-homes companies.
With a balanced view, we’ll help you weigh your options, ensuring you make an informed decision that aligns with your needs.
Sell Your Ohio House Fast 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 7 days. No showings, no repairs, no open houses. Available to sellers throughout Ohio.
Working with house-buying companies in Ohio
Working with house-buying companies in Ohio can speed up the sale of your home, especially when time is of the essence. Here’s how the process of selling a house for cash usually works:
- Find a company: Research and select a reputable “We Buy Houses” company in Ohio that fits your needs.
- Submit your information: To initiate the process, provide details about your property through the company’s website or phone.
- Complete the inspection: Some companies may require a brief inspection of your home to present the offer.
- Receive an offer: You can expect to receive a cash offer quickly, often within 24 to 48 hours after your information has been reviewed and the inspection completed.
- Accept the offer: If it meets your expectations, you can accept the offer to proceed with the sale.
- Close the sale: Closing is typically fast. You could receive cash for your home in as little as a week.
Popular We Buy Houses for Cash companies in Ohio
If the process of selling to a house-buying company in Ohio sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some top companies to pay cash for you or your parents’ property, whether that’s a Colonial or Craftsman home. By working with one of these companies, you should be able to sell your Ohio home in as little as a week or two.
Ohio Cash Buyers
Ohio Cash Buyers, a real estate firm headquartered in Springboro, Ohio, purchases homes as-is across the state. Upon receiving essential property information from clients, the company will present a cash offer within 24 to 48 hours. It aims to offer closures in as little as seven days or will accommodate preferred closing dates.
Locations: Throughout Ohio, including Cincinnati, Dayton, and Columbus
Closing costs: Sellers pay no closing costs; Ohio Cash Buyers covers them.
Backed by several positive customer reviews, Ohio Cash Buyers earned a high score of 4.9 stars on Google. Clients share that working with the team was a great experience, noting the team is made up of genuine, good people.
Many express gratitude for the excellent service and the smooth process from start to finish. Sellers mention that the company provides fair offers without unnecessary hassle. Communication is described as clear, consistent, and professional.
Website: ohiocashbuyers.com
Phone number: 513-815-5000 or 937-756-5000
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Ohio (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 Ohio.
With the platform, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Ohio
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. Providing excellent customer service to clients, it has earned accreditation from the Better Business Bureau (BBB) in 2019 and now maintains 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
Simple Home Buyer
Simple Home Buyer is a real estate investment firm dedicated to providing homeowners with fair and advantageous cash offers delivered within 24 hours. It specializes in assisting homeowners facing challenging circumstances, offering quick and reliable solutions. Sellers can expect fast closings, as quickly as seven days.
Locations: Dayton and surrounding areas
Closing costs: Sellers pay no closing costs; Simple Home Buyer covers them.
Recognized for its ethical business practices, Simple Home Buyer has been BBB accredited since 2022 and holds an A+ rating. On Google, it received a perfect 5-star Google rating, with reviewers expressing satisfaction with the cash offers they received. Several clients expressed gratitude for the company’s professionalism and integrity.
Website: thesimplehomebuyers.com
Phone number: 937-787-6007
Sell House Columbus
Established in 2012, Sell House Columbus has been facilitating fast home sales for Ohio homeowners. It purchases properties directly, in as-is condition. Upon receiving property details, the company will provide a cash offer, often within 24 hours. It works with sellers on their closing, speeding up the transaction and finalizing the deal in as little as seven days.
Locations: Columbus and other parts of Ohio
Closing costs: Sellers pay no closing costs; Sell House Columbus covers them.
Although not BBB accredited, Sell House Columbus holds an A+ rating with the bureau. Its Google Business Profile has a 4.8-star rating. The company has successfully closed several transactions, making the selling process quick and stress-free. The clients noted the staff’s honesty and market expertise, which helped them be confident throughout the transaction.
Website: sellhousecolumbus.com
Phone number: 614-300-5151
Central City Solutions
Central City Solutions, a family-owned real estate firm based in Columbus, prides itself on offering quick solutions to sellers, providing a cash offer within 24 hours. The team accommodates sellers handling financial difficulties, sudden job relocation, or the need to downsize. Striving to make the selling process as smooth and stress-free as possible, it closes within seven days.
Locations: Columbus and all surrounding counties
Closing costs: Sellers pay no closing costs; Central City Solutions covers them.
Trusted for its fair, honest conduct in business operations, Central City Solutions has been BBB accredited since 2019 and holds an A+ rating. Its Google Business Profile earned 4.8 stars, with many clients commending the simplified home sale process and accommodating team. Reviewers noted the staff’s transparency, professionalism, and responsiveness to questions and concerns.
Website: ohiocashfairoffer.com
Phone number: 614-756-5601
Why sell your Ohio house for cash?
Selling your Ohio home for cash can be a strategic decision in various situations. It offers a quick and hassle-free alternative to traditional real estate transactions.
In Ohio, selling a home using a real estate agent typically takes around 68 days. That includes an average of 27 days on the market (from listing the property to a signed contract) and the typical 41 days a buyer needs to close on a purchase loan.
Compare that to the usual seven to 10 days promised by many house-buying companies in Ohio, and it’s easy to see why these cash-for-homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
“We Buy Houses” companies are especially popular among sellers who want a fast transaction. Below are common scenarios where turning to a “We Buy Houses for Cash” company could be your best bet.
- Immediate financial relief: If you face financial strain or need cash quickly, these companies can close the deal fast.
- Foreclosure solution: Selling for cash can be a lifeline if you risk losing your home to foreclosure.
- Short notice relocation: Job changes or personal circumstances requiring you to move quickly are good reasons to consider a cash sale.
- Unwanted inheritance: When you inherit a property you don’t want or can’t maintain, selling it for cash is convenient.
- Divorce settlements: Selling a shared home quickly can simplify dividing assets.
- Expensive repair issues: If your home is in poor condition requiring significant repairs you can’t afford or don’t want to deal with, a cash sale is a practical option.
- Privacy preference: Opting for a cash sale allows you to sell your home off-market, providing a discreet alternative to listing it publicly.
- Property management retirement: Landlords tired of managing properties or dealing with difficult tenants might find a cash sale an attractive exit strategy.
Pros and cons of house-buying companies in Ohio
Selling your home to a house-buying company in Ohio can seem like a beacon of hope, especially when you’re in a pinch for time or dealing with a property that’s seen better days. The allure of a quick, as-is sale cannot be understated, offering significant benefits for the right seller.
Pros of house-buying companies in Ohio:
- Speedy home sale: Offers can be received in days, with the entire sale process potentially wrapping up in a week, providing immediate financial relief.
- No repairs needed: Sell your house in its current condition, avoiding the cost and hassle of making repairs.
- Simplified process: The sale process is straightforward, with less paperwork and no need for showings or open houses.
- Cash payment: Receive a cash offer, bypassing the delays of bank financing and ensuring a faster closing time.
However, selling to a cash-for-homes company has drawbacks, particularly regarding the bottom line.
Cons of house-buying companies in Ohio:
- Lower offers: Expect offers below market value, as these companies aim to profit from future sales or rentals.
- Limited negotiation: The offered price is typically take-it-or-leave-it, leaving little room for negotiation.
- Scam risks: While most cash-for-homes companies are legitimate, some are unscrupulous players taking advantage of sellers’ desperate situations with house-buying scams.
- No market exposure: Selling directly to a cash buyer means missing out on potential offers that a competitive market might yield.
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 working with a house-buying company in Ohio, it’s important to be vigilant of any shady tactics. Here are some brief guidelines to follow:
- Verify credentials: Confirm that the company is licensed and has a track record of successful transactions.
- Research market presence: Investigate the company’s presence and performance in the market to ensure stability and reliability.
- Check reviews: Look for reviews and ratings online to see what other sellers have experienced.
- Read the agreement carefully: Before signing, make sure you understand all terms and conditions in the buying agreement.
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 Ohio. You can also use our free Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Ohio home quickly
Working with iBuyers: Instant buyers, known as iBuyers, offer a modern, online-centric home-selling experience by using automated valuation models (AVMs) to assess your home’s value quickly. They make all-cash offers that are often closer to market value for good-quality homes, with the entire sale process potentially completed in just days.
However, top iBuyers like Opendoor and Offerpad typically charge service fees of around 5% to 6% of the home’s sale price. This option is best for homes in areas with consistent housing styles and conditions.
Listing with an agent: Selling with a top real estate agent can be quick, especially in seller-friendly markets. A well-priced and marketed home can sell quickly, potentially for a higher price than through cash-for-homes offers.
Agents provide valuable market insights through a comparative market analysis (CMA), often provided for free, helping set competitive prices. A well-connected professional may also introduce you to cash buyers willing to pay closer to market value. HomeLight can match you with top agents in Ohio to maximize your sales potential.
FAQs on Ohio house-buying companies
By and large, most We Buy Houses for Cash companies in Ohio 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 legit.
That said, 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 BBB website. Watch for anything that just doesn’t seem right.
Most Ohio We Buy Houses for Cash companies apply the 70% rule. They offer about 70% of your home’s after-repair value (ARV), then deduct their estimated repair costs.
Here’s an example of what a simplified formula might look like:
(Your home’s ARV x .70) – repair costs
Let’s look at an example offer equation to see how this might work in a real-world scenario. Let’s say your Ohio Colonial Home could sell for $270,000 after repairs, but it will need $30,000 of work to get there.
($270,000 x .70) – $30,000 = $159,000
In this example, an Ohio We Buy Houses company might offer you around $159,000 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 they look for homes in better condition. An iBuyer might pay you 90% or more of the market value while charging a fee for their services.
When you accept an offer from Ohio We Buy Houses for Cash company, you will likely come to grips with a two-edged sword. On the one hand, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. On the other hand, 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, it’s always a good idea to ask the company about hidden program fees that might impact your bottom line.
- Research and vet the house-buying companies that serve your Ohio area. Our list above is a good place to start.
- Submit offer requests to a few 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 Ohio vs. top Ohio agent
Another helpful exercise compares how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s 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 Ohio | Sell with a top Realtor in Ohio |
| Selling timeline | 7 to 30 days | 68 days average; 27 to attract an offer, 41 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 and 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 the 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 Ohio is currently worth about $270,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $240,000.
| Sell to a We Buy Houses for Cash company in Ohio | Sell with a top Realtor in Ohio | |
| Estimated sale price | ($270,000 x .70) – $30,000 = $159,000 | $270,000 |
| Market preparations | 0 | $2,700 (1% of the sale price) |
| Agent commissions | 0 | $8,100 (3% of the sale price) |
| Closing costs | 0 | $4,050 (1.5% of the sale price) |
| Estimated take-home for seller | $159,000 | $255,150 |
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. Selling on the open market could be challenging in your area, or the agent’s timeline might not fit your immediate needs.
Key takeaways
- Speedy transaction: Selling to a cash-for-homes company in Ohio offers a quick, straightforward sale process.
- As-is sale: You can sell your home in its current condition, avoiding costly repairs.
- Lower offers: Be prepared to receive offers that are likely below market value.
- No negotiations: The price offered is usually final, with little room for negotiation.
- Due diligence: Thoroughly vet any cash buyer to ensure they are reputable and avoid scams.
- Quick sale alternatives: Exploring other sale methods, like partnering with iBuyers or listing with an agent, could yield a better return on your sale.
For Ohio homeowners considering a cash-for-homes company, it’s prudent to gather multiple offers and thoroughly weigh your options before committing. Selling your home is a significant decision, and ensuring you receive the best possible outcome is paramount.
Consulting with a top Ohio agent can provide expert insights into how quickly and for how much your property might sell on the market. If you’re looking for guidance or need assistance with your real estate needs, HomeLight is here to help connect you with the resources and expertise to make the most informed decision.
Use HomeLight’s Agent Match tool to connect with a top-performing real estate agent today or visit our Simple Sale platform to find reliable house-buying firms.
Editor’s note: This post is for educational purposes only. Links to and mentions of Chesapeake 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.
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