Selling your Biloxi home in a hurry? If you need to sell your home quickly, a We Buy Houses for Cash company could be the best solution.
We Buy Houses companies in Biloxi offer all-cash deals, especially for homes that need a bit of repair. Selling for cash can provide a quick solution if you’re short on time, don’t have the funds for repairs, or feel overwhelmed by the process.
Whether it’s an unexpected move, financial urgency, or simply wanting to avoid the hassles of listing, these companies can offer a fast route to selling without the pressure of home improvement or dealing with the open market
In this post, we’ll explore the pros and cons of working with house-buying companies in Biloxi, helping you decide if this option fits your situation. We will also explain how the process works and provide you with some companies to consider in the Biloxi area.
Sell Your House Fast in Biloxi
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Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Biloxi area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Biloxi
Working with a house-buying company in Biloxi isn’t complicated, but there are a few steps you should know. Here’s an overview of how the process of selling your home for cash works.
- Contact the company: Contact a local house-buying company to express your interest in selling your home for cash.
- Share your property details: Provide key information about your home, such as its condition, location, and needed repairs.
- Schedule a home visit: A representative will visit your property to assess its condition and determine an offer.
- Receive a cash offer: After evaluating your home, the company will present you with a take-it-or-leave-it cash offer.
- Accept the offer: If the offer works for you, you can accept it and finalize the transaction.
- Close the sale: The company will handle the paperwork, and you’ll close the deal, typically within a few days to a couple of weeks.
Popular We Buy Houses for Cash companies in Biloxi
If the process of selling to a house-buying company in Biloxi 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’ raised cottage or ranch-style home. You can sell your Biloxi home in as little as a week or two by selling to one of these companies.
MS Home Buyers
MS Home Buyers is a house-buying company that provides solutions for homeowners faced with foreclosure, divorce, a run-down or vacant property, and other difficult situations that require a fast cash sale. Closing can happen in as little as seven days or on the seller’s time frame—sometimes on the same day.
Locations: Based in Hattiesburg, Mississippi, MS Home Buyers purchase houses in Tupelo, Jackson, Biloxi, Oxford, and surrounding areas. The company’s website provides a full list of locations.
Closing costs: Sellers pay no closing costs; MS Home Buyers covers them.
MS Home Buyers has been BBB accredited since 2022 and holds an A+ rating. Customer reviews for MS Home Buyers speak to the company’s professionalism and honesty. The company has a 5.0 Google review rating.
Website: cashhomesms.com
Phone number: 601-336-1835
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Biloxi (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 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 Biloxi.
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 Biloxi, MS.
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
Southern Properties United
Established in 2007, Southern Properties United is a home-buying business that meets the needs of sellers looking for a quick cash sale when dealing with challenging situations such as foreclosure, divorce, or a dilapidated property. Closing can often occur in less than a week. In some cases, you’ll get your money the same day.
Locations: Biloxi, Mississippi, and surrounding areas.
Closing costs: Sellers pay no closing costs; Southern Properties United covers them.
Southern Properties United has been BBB accredited since 2021 and holds an A+ rating in addition to 4.0 stars on Google. Customer reviews on Google for Southern Properties United speak to the company’s professionalism, transparency, and openness to negotiation.
Website: southernpropertiesunited.com
Phone number: 228-285-4747
Salt and Light Property Solutions
Founded in Pearl River County, Salt and Light Property Solutions is a locally owned company that has helped hundreds of homeowners sell their houses quickly. Specializing in direct cash purchases, they offer no-obligation cash offers and can close in as little as seven days. Salt and Light buys properties in as-is condition.
Locations: Pearl River County and surrounding areas, including Biloxi.
Closing costs: Sellers pay no closing costs; Salt and Light Property Solutions covers them.
Salt and Light Property Solutions holds a 5.0 Google rating and an A+ BBB rating. Reviews praise the company for its efficiency, professionalism, and integrity. Many highlight the stress-free, quick sales process, often closing within weeks.
Website: saltandlightpropertysolutions.com
Phone number: 601-265-7370
Atlas Property Investors
Atlas Property Investors pays cash for single-family homes, townhomes, and multi-family homes in Mississippi, including Jackson. They extend fair offers for homes in any condition and can close deals in as few as 10 days. Atlas Property Investors covers all closing costs.
Locations: Throughout Mississippi, including Biloxi.
Closing costs: Sellers pay no closing costs; Atlas Property Investors covers them.
Atlas Property Investors has been BBB-accredited since 2022 and touts an A+ rating. They also have a Google review rating of 4.2. Positive reviews mention the company’s professionalism, smooth processes, and reasonable quotes.
Website: atlaspropertyinvestors.com
Phone number: 601-803-7241
Why sell your Biloxi house for cash?
There are plenty of valid reasons a Biloxi home seller may choose to work with a Cash-For-Homes company, with speed and convenience being some of the most common reasons sellers cite.
In Biloxi, it typically takes around 103 days to sell a home on the market using an agent. That includes an average of 60 days on the market plus the typical average of around 43 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 Biloxi, 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.
Here are some common scenarios where choosing a house-buying company could be a fitting solution.
- Job relocation: You need to sell fast to relocate for a new job and don’t have time to list your home traditionally.
- Divorce: Selling quickly helps you move forward after a divorce, avoiding the complications of listing and prolonged negotiations.
- Inherited property: You’ve inherited a house and want to sell it quickly without dealing with repairs or listing it on the market.
- Downsizing: You’re looking to downsize and want a hassle-free sale without the need to stage your home or host open houses.
- Repairs: Your home needs extensive repairs, but you lack the funds or time to fix it up for the market.
- Foundation issues: Major foundation issues are scaring off traditional buyers, making a cash sale more appealing.
- Facing foreclosure: Selling quickly lets you pay off your mortgage and avoid foreclosure.
- Dealing with tenants: You’re a landlord looking to sell, but managing tenants complicates the traditional sale process.
- Selling from out of state: You need to sell your Biloxi property but live out of state, making a fast, cash sale an easier option.
Pros and cons of house-buying companies in Biloxi
Selling your Biloxi home to a house-buying company has some clear advantages. The biggest pros include speed—these companies can close quickly—and they’ll buy your house in any condition. You won’t need to make any repairs or preparations.
Pros of selling to house-buying companies:
- Fast sale: House-buying companies can close the deal quickly, often within a week or two, giving you access to proceeds faster than a traditional sale.
- No repairs needed: You can sell your house in as-is condition, which saves you the hassle and cost of making repairs.
- Simple process: The transaction is straightforward, with no complex contingencies or buyer demands, streamlining your path to closing.
- Certainty: These companies provide a take-it-or-leave-it offer, which means you won’t have to worry about offers falling through or buyer financing issues.
However, selling to a house-buying company in Biloxi comes with some significant drawbacks. The most notable is that they often pay below market value compared to selling with an experienced real estate agent.
Cons of selling to house-buying companies:
- Lower sale price: These companies typically offer less than your home’s market value, so you may not get as much money as you would on the open market.
- No negotiation: The offers are usually final with no room for negotiation, limiting your ability to maximize your profit.
- Scam risk: While many companies are reputable, some scams target vulnerable homeowners, so it’s crucial to vet potential buyers carefully.
- No agent guidance: Without an agent, you won’t have professional help to navigate the selling process or maximize your home’s value.
As you can see, there are several pros and cons to consider when deciding whether to sell your Biloxi home to a house-buying company. In the next section, we’ll discuss how to vet cash buyers and ensure you know your home’s worth before proceeding with a sale.
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
The level of integrity and service you experience from a We Buy Houses for Cash company in Biloxi can vary. It all depends on the character of the person or group making the offer.
- Before committing to a cash offer, vet the company thoroughly. Check online reviews and read testimonials from previous clients to gauge their reputation.
- Research the company’s market presence and performance. Look for how long they’ve been in business and whether they have a history of successful deals.
- Carefully read the buying agreement before signing anything. Ensure you understand the terms, conditions, and what you’re agreeing to in the sale.
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 can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Biloxi home quickly
iBuyers:
iBuyers, or instant buyers, use automated valuation models (AVMs) to quickly determine your home’s value. They provide all-cash offers for homes in good condition, usually closer to market value. The iBuyer process is fast, from offer to closing in as little as a few days, but service fees can range from 5%-6%.
Listing with an agent:
While listing with a top agent takes longer than selling to an iBuyer or house-buying company, it often leads to a higher sale price. Agents offer services like a comparative market analysis, often free of charge, to help you price your home competitively. You may also find buyers offering close to market value in cash. HomeLight can connect you with a top agent if you wish to explore this option.
FAQs on Biloxi house-buying companies
By and large, most We Buy Houses for Cash companies in Biloxi 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.
As described in our pros and cons list above, most Biloxi We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value 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 Biloxi cottage could sell for $221,700 after repairs, but it will need $30,000 of work to get there.
($221,700 x .70) – $30,000 = $125,190
In this example, a Biloxi We Buy Houses company might offer you around $125,190 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 Biloxi 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 might impact your bottom line is always a good idea.
w do you sell a house for cash in Biloxi?
- Research and vet the house-buying companies that serve your Biloxi area. Our list above is a good place to start.
- Submit offer requests to a few of the 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 Biloxi vs. top Biloxi 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 Biloxi | Sell with a top Realtor in Biloxi |
| Selling timeline | 7 to 30 days | 103 days average; 60 to attract an offer, 43 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 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%-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 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 Biloxi is worth about $230,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $255,000.
| Sell to a We Buy Houses for Cash company in Biloxi | Sell with a top Realtor in Biloxi | |
| Estimated sale price | ($255,000 x .70) – $25,000 = $153,500 | $230,000 |
| Market preparations | 0 | $2,300 (1% of sale price) |
| Agent commissions | 0 | $6,900-$13,340 (3%-5.8% of sale price) |
| Closing costs | 0 | $3,450 (1.5%) |
| Estimated take-home for seller | $153,500 | $217,350-$210,910 |
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 a challenge in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Fast sale: House-buying companies in Biloxi offer a quick, hassle-free sale, often closing in a matter of days.
- No repairs needed: You can sell your home as-is, avoiding the time and expense of making repairs.
- Lower offers: Cash-for-homes companies typically offer less than market value for your property.
- Certainty: These companies provide take-it-or-leave-it offers, giving you peace of mind but limiting room for negotiation.
Remember, you should 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 Biloxi agent.
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