If you’re looking to sell your Edinburg home fast, especially if it needs some work, a “We Buy Houses” company in Edinburg could be a great solution. These companies make all-cash offers, allowing you to skip repairs, inspections, or other headaches typically with selling your home.
For homeowners faced with an unexpected change in circumstances, like an unwanted inheritance or the need to relocate for a new job, a cash sale can be a lifesaver.
In this post, we’ll discuss the pros and cons of selling to a cash buyer, break down how it works, and explore other options to help you make the best decision for your Edinburg home sale.
Sell Your House Fast in Edinburg 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 Edinburg.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Edinburg area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Edinburg
If you’re considering a fast cash sale of your Edinburg home, working with a house-buying company could simplify the process. Here’s a quick look at the essential steps you can expect, from getting an offer to closing the sale, so you can see how the process works from start to finish.
- Contact the company: Reach out to a reputable house-buying company in Edinburg and provide some details about your home.
- Schedule a home visit: Set up a convenient time for the company’s representative to view your property in person or virtually.
- Receive a cash offer: After the visit, the company will present a no-obligation cash offer for your home, often within 24-48 hours.
- Review the contract: Take time to review the purchase agreement carefully and ensure you understand the terms.
- Accept the offer: If the terms work for you, sign the agreement to proceed with the sale.
- Close the sale: Finalize the transaction at a local title company or attorney’s office, receiving your cash payment upon closing.
Popular We Buy Houses for Cash companies in Edinburg
If the process of selling to a house-buying company in Edinburg 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’ ranch-style home or Mediterranean Revival. By selling to one of these companies, you should be able to sell your Edinburg home in as little as a week or two.
TWB House Buyers
TWB House Buyers purchases homes in and around the McAllen-Edinburg metro area for cash, regardless of condition. They work with title problems and foreclosure issues, and are able to provide an offer to sellers within 24 hours of contact.
Locations: Throughout Rio Grande Valley, including Edinburg.
Closing costs: No commissions or fees. TWB House Buyers covers them.
TWB House Buyers is not BBB accredited. They receive consistently strong reviews, earning them a 5.0-star rating on Google.
Website: twbhousebuyers.com
Phone: 956-335-3143
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Edinburg (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 Edinburg.
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 Edinburg.
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
Dolfin RGV
Founded in 2016, Dolfin RGV is an investment firm that purchases homes from sellers in the McAllen-Edinburg metro. It focuses on providing solutions for homeowners who need or want to sell fast, and they will buy houses in any condition.
Locations: McAllen and surrounding areas, including Edinburg.
Closing costs: Sellers do not pay commissions or fees, and Dolfin RGV will sometimes help cover closing costs.
Dolfin RGV has been BBB accredited since 2020 and has an A+ rating. They consistently receive 5-star reviews on Google reviews.
Website: dolfinrgv.com
Phone: 956-904-5234
We Buy Ugly Houses® / HomeVestors®
A subsidiary of the homebuying company HomeVestors, which was founded in 1996, We Buy Ugly Houses is part of the same national franchise. It provides cash offers and quick closings for sellers. Sellers receive an in-home consultation, and if they agree to the offered price, they can close on the sale of their home in as little as three weeks.
Locations: Nationwide, including Edinburg
Closing costs: Sellers pay no closing costs. We Buy Ugly Houses covers them.
HomeVestors has an A+ BBB rating. The company maintains consistent standards for each office, and Google reviews rate it 4.6 stars out of five.
Website: webuyuglyhouses.com
Phone: 866-604-4504
Sunbelt Cash Offer
Sunbelt Cash Offer, founded by Waleed Yousif, provides a fast and hassle-free way for homeowners in Edinburg, TX, to sell their properties. Locally owned, the company specializes in purchasing homes in “as-is” condition, covering all closing costs with no fees or commissions. It also offers cash advances up to $5,000.
Locations: Throughout Rio Grande Valley, including Edinburg.
Closing costs: Sellers pay no closing costs. Sunbelt Cash Offer covers them.
Sunbelt Cash Offer has a 4.9 Google rating, with clients praising the company’s quick, seamless home-selling process, clear communication, and reliability.
Why sell your Edinburg house for cash?
If you need to sell your home quickly, a We Buy Houses company can’t be beat. Compared to selling with a real estate agent, selling your for cash is significantly faster, with less headaches and hurdles to jump through to complete the transaction,
In Edinburg, it typically takes around 122 days to sell a home on the market using an agent. That includes an average of 79 days on the market plus the typical 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 Edinburg, 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.
Selling your Edinburg home for cash can be a practical solution if you’re facing unique challenges or a sudden need to move quickly. House-buying companies specialize in these fast, as-is purchases, so you can avoid time-consuming repairs, listings, and showings. Below are common scenarios where an all-cash home sale could be the right fit:
- Job relocation: If a new position requires you to move quickly, a cash sale can simplify your transition.
- Divorce: A cash sale can help streamline asset division, allowing you and your spouse to move forward sooner.
- Inherited home: If you’ve inherited a property, selling for cash can prevent carrying the expenses of a second home.
- Downsizing: Selling for cash can help you downsize quickly to a smaller, more manageable space.
- Repairs: If your home needs extensive repairs, a cash buyer can purchase it as-is, saving you from costly fixes.
- Avoiding open houses: If you want to skip the hassle of open houses and repeated showings, a cash sale offers a streamlined alternative.
- Foundation issues: Homes with foundation problems are often hard to sell traditionally, making a cash offer more attractive.
- Foreclosure: Facing foreclosure? A quick cash sale may help you avoid credit impacts.
- Difficult tenants: If you’re ready to sell a rental property with tenants in place, cash buyers are often open to tenant-occupied properties.
- Selling from out of state: If you own a home in Edinburg but live elsewhere, selling remotely to a cash buyer simplifies the process.
Pros and cons of house-buying companies in Edinburg
Selling to a house-buying company in Edinburg offers a streamlined experience, especially if you need a quick sale and want to avoid repairs. Here’s a closer look at the primary benefits and drawbacks to consider.
Selling to a cash buyer can deliver speed and simplicity, allowing you to sell as-is and skip time-consuming repairs or staging. Here are some of the most compelling pros of selling your home for cash.
- Quick closing: Cash sales often close in days or weeks, making them a fast solution when you need to move quickly.
- No repairs needed: Buyers purchase as-is, so you won’t need to make costly fixes or upgrades.
- No contingencies: Cash buyers typically don’t include contingencies, minimizing obstacles that can delay or derail a sale.
- Less paperwork: Cash offers require fewer documents, making for an easier, more streamlined process.
The downside to working with a house-buying company in Edinburg is that your offer will likely be lower than the market value you might achieve with an experienced agent. Consider these other potential drawbacks.
- Lower offers: Cash offers are usually 10-30% lower than market value, as companies account for resale profit and repair costs.
- Potential for scams: The industry includes reputable buyers, but scams also exist, requiring careful vetting.
- Limited buyer competition: Selling directly to one buyer reduces competition, which can lead to a lower offer compared to a competitive market sale.
- Fewer selling options: A cash sale eliminates marketing, showings, and open houses, which might reduce the excitement around your property.
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
Before committing to a cash offer, ensure you’re working with a reputable buyer. Here’s how to vet cash buyers effectively and confirm your home’s worth:
- Research reputation: Look up the company online, read reviews, and check testimonials to understand others’ experiences with them.
- Evaluate local presence: Reliable companies often have a strong track record in your area, demonstrating a commitment to customer service and fair practices.
- Request references: Ask for references from past clients to get a feel for the company’s professionalism and follow-through.
- Review the agreement: Carefully read the purchase contract to fully understand terms, timelines, and conditions before signing.
- Know your value: Consider getting a professional appraisal or a comparative market analysis to understand your home’s worth, so you can assess whether the offer is reasonable.
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 Edinburg home quickly
iBuyers: iBuyers, or instant buyers, offer automated valuation models to provide fast, all-cash offers online. While the iBuyer process can be completed in days, these companies, like Opendoor and Offerpad, charge service fees of 5%-6% and prefer homes in good condition.
Listing with an agent: Though less immediate, a top agent can help sell your home quickly in a strong market. A comparative market analysis, which is often free, can guide pricing, and agents can sometimes connect you with cash buyers. HomeLight can connect you with a top agent for guidance in assessing your options.
FAQs on Edinburg house-buying companies
By and large, most We Buy Houses for Cash companies in Edinburg 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 Edinburg 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 Edinburg Spanish revival home could sell for $300,000 after repairs, but it will need $30,000 of work to get there.
($300,000 x .70) – $30,000 = $180,000
In this example, an Edinburg We Buy Houses company might offer you around $180,000 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 an Edinburg 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.
- Research and vet the house-buying companies that serve your Edinburg 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 Edinburg vs. top Edinburg 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 Edinburg | Sell with a top Realtor in Edinburg |
| Selling timeline | 7 to 30 days | 122 days average; 79 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 Edinburg is worth about $300,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $325,000.
| Sell to a We Buy Houses for Cash company in Edinburg | Sell with a top Realtor in Edinburg | |
| Estimated sale price | ($325,000 x .70) – $25,000 = $202,500 | $300,000 |
| Market preparations | 0 | $3,000 (1% of sale price) |
| Agent commissions | 0 | $9,000 (3%) |
| Closing costs | 0 | $4,500 (1.5%) |
| Estimated take-home for seller | $202,500 | $283,500 |
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
- Speed of sale: House-buying companies in Edinburg offer fast closings, often in days or weeks, which is ideal for sellers in a time crunch.
- As-is convenience: Selling as-is lets you avoid costly repairs, cleaning, and staging, with companies willing to purchase homes in any condition.
- Lower offers: Cash offers from house-buying companies are often lower than what you’d receive on the open market due to their quick, risk-free approach.
- Easy process: Working with a cash buyer involves minimal paperwork and few contingencies, making the process simpler and faster than traditional sales.
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 Edinburg agent.
Header Image Source: (PantherMediaSeller / Deposit Photos)
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