If you’re looking to sell your Hemet home quickly, you might want to consider working with a We Buy Houses company. These companies specialize in making all-cash offers on homes, regardless of the property’s condition, and can often complete the transaction in a matter of days.
These transactions are ideal if you need to relocate for a new job or are facing a tough financial deadline. Or you might need to cash out an inherited Hemet property to settle an estate.
However, before you request a cash offer, it’s important to understand how much a Hemet house-buying company might offer for your property compared to the open market. Our guide will explain how the process works, what you can expect to receive as an offer, and highlight the pros and cons.
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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 Hemet area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Hemet
Selling your Hemet home to a house-buying company is simple. These companies buy homes “as is,” allowing you to skip the repairs, cleaning, and staging that a traditional sale would involve. Here’s a quick look at how it works:
- Contact the company: Reach out to a house-buying company either online or by phone to provide basic details about your home.
- Schedule a home visit: The company will schedule a time to view your property in person or request photos to assess its condition.
- Receive an offer: After evaluating your home, the company will present a cash offer, usually within 24-48 hours.
- Review and accept the offer: If you’re happy with the offer, you’ll sign the necessary paperwork to accept it.
- Set a closing date: Once the offer is accepted, you and the company will agree on a closing date, often within a week.
- Close the deal: On the agreed date, the transaction is completed, and you receive your cash payment, allowing you to move forward quickly.
Popular We Buy Houses for Cash companies in Hemet
If the process of selling to a house-buying company in Hemet 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 Hemet home in as little as a week or two.
Haven Homebuyers
Haven Homebuyers specializes in providing fast, cash offers for homeowners looking to sell their properties quickly and with minimal hassle. The company focuses on delivering a straightforward and transparent selling process.
Locations: California, including Riverside, Orange, Los Angeles, and San Bernardino counties.
Closing costs: Sellers pay no closing costs. Haven Homebuyers covers them.
Haven Homebuyers has a 5.0-star rating on Google. Customer reviews generally praise the company for their professionalism, quick service, and fair cash offers.
Website: havenhomebuyers.com
Phone number: 714-515-6515
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Hemet (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 Hemet.
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 Hemet
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
Balsamo Home Investments, LLC
Balsamo Home Investments, LLC is a real estate investment company that specializes in buying houses quickly for cash. Its goal is to provide homeowners with a fast, hassle-free solution for selling their properties.
Locations: Throughout California, including Hemet.
Closing costs: Sellers pay no closing costs. Balsamo Home Investments, LLC covers them.
Balsamo Home Investments has a 5.0-star rating on Google. Balsamo Home Investments has garnered positive feedback for their efficient service and fair cash offers. Customer reviews note the company’s straightforward process commitment to covering all closing costs.
Website: balsamohomes.com
Phone number: 818-651-8781
Osborne Homes
Osborne Homes is a real estate investment company that buys houses directly from homeowners. Their mission is to provide a hassle-free, quick, and fair solution for those looking to sell their homes. They offer competitive cash offers and handle all aspects of the sale.
Locations: Throughout California, including Hemet.
Closing costs: Sellers pay no closing costs. Osborne Homes cover them
Osborne Homes holds a 3.5-star rating on Google. Customers frequently praise the company for its professionalism, efficiency, and transparent process.
Website: balsamohomes.com
Phone number: 818-651-8781
Casey Buys Houses
Casey Buys Houses can extend an offer on your home within 24 hours and close the transaction in as little as seven days if necessary. The company will work with you on a closing date that meets your needs.
Locations: Inland Empire cities, including Hemet.
Closing costs: Sellers pay no closing costs; Casey Buys Houses covers them.
Casey Buys Houses holds a 5-star rating on Google. Customer reviews mention Casey’s clear communication, house-flipping expertise, and professionalism.
Website: caseybuyshouses.com
Phone number: 909-455-9496
Why sell your Hemet house for cash?
Why sell your Hemet home for cash? Cash-for-homes customers will typically point to the speed and convenience of the sales process, particularly when compared to selling on the open market.
In Hemet, it typically takes around 75 days to sell a home on the market using an agent. That includes an average of 32 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 Hemet, 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.
Whether it’s skipping repairs or closing quickly, selling for cash can help you avoid the complexities of a traditional sale. Here are some common situations where a house-buying company could be the best solution.
- Job relocation: When your job relocation requires a quick move, selling for cash can help you focus on your new location instead of worrying about the sale.
- Divorce: A cash sale allows you to sell your home during a divorce quickly and move on with your life.
- Inherited property: If you’ve inherited a house and want to avoid the hassle of maintaining or managing it, a cash sale offers a fast way to liquidate it.
- Downsizing: When it’s time to downsize, selling for cash can help you streamline the transition and focus on finding your next home.
- Major repairs: If your house needs costly repairs, selling it “as is” for cash lets you skip the expense and sell the home in its current condition.
- Avoiding open houses: If you’re uncomfortable with hosting multiple open houses or keeping your home show-ready, selling to a cash buyer lets you avoid the hassle.
- Foundation issues: Severe foundation issues can be expensive to fix. A house-buying company will take on the repair burden for you in a cash sale.
- Facing foreclosure: If you’re facing foreclosure, selling to a cash buyer may help you quickly settle the debt and avoid damaging your credit.
- Tenants in place: If you own a rental property and need to sell, a cash buyer can handle the transition with tenants still living in the home.
- Selling from out of state: If you’re selling a property in Hemet from another state, a cash buyer can simplify the process and help you avoid the hassle of coordinating from afar.
Pros and cons of house-buying companies in Hemet
Working with house-buying companies in Hemet has its ups and downs. Here are the pros and cons to consider when weighing your options.
The biggest advantages are speed and convenience. You can sell your home fast, without the hassle of repairs, cleaning, or showings, and the company will take it off your hands in as-is condition.
- Quick sale: House-buying companies can close in as little as a week, helping you move forward with your plans without waiting months for a traditional sale.
- No repairs: You can sell your home without spending money or time on costly repairs since the buyer will purchase it as-is.
- Skip staging and showings: There’s no need to stage your home or host multiple showings, which saves you time and effort.
- Fewer contingencies: Cash buyers typically eliminate contingencies, making the sale process simpler and less stressful.
While the speed and ease of selling to a house-buying company in Hemet are tempting, the biggest drawback is the likely a reduced offer compared to selling on the open market. These companies offer below-market value for your home compared to what you might get on the open market with an experienced real estate agent.
- Lower offer: Expect to receive significantly less than what you would get if you listed your home with an agent on the traditional market.
- Potential for scams: It’s important to be cautious, as some house-buying companies may be scams that prey on desperate sellers.
- No negotiation: The offer you receive is often take-it-or-leave-it, leaving little room to negotiate for a higher price.
- Lost equity: By selling for less, you could leave a significant amount of your home’s equity on the table.
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 integrity and service of house-buying companies in Hemet can vary widely. Make sure you thoroughly research the company before committing to a cash offer. Check reviews, read testimonials, and dig into the company’s reputation in the market.
- Read the buying agreement carefully: Before signing anything, carefully review the buying agreement. Ensure that all terms are clear and fair. If something seems off, seek advice from a real estate professional or attorney.
- Assess the offer: The amount offered for your home will depend largely on the buyer’s character and motivations. Make sure the company you’re working with values transparency and fairness.
- Know your home’s worth: Understanding your home’s market value will help you evaluate any cash offers. This way, you can confidently decide whether selling to a cash buyer is your best option.
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 Hemet home quickly
iBuyers
iBuyers, or instant buyers, use automated valuation models (AVMs) to quickly estimate home values and offer a fast, all-cash sale, often closing within days. These companies, like Opendoor and Offerpad, tend to offer closer to market value for homes in good condition, though they charge 5%-6% in service fees. The iBuyer process is user-friendly and mainly online, making it a great option for sellers with homes in relatively good shape.
Listing with an agent
Though not as fast, listing your home with a top agent could lead to a quick sale if priced right. Agents provide a comparative market analysis (CMA), often free, which helps you gauge your home’s value. Agents may even connect you with cash buyers, offering a higher price. If you’re curious, HomeLight can connect you with a top-performing agent to explore this option.
FAQs on Hemet house-buying companies
By and large, most We Buy Houses for Cash companies in Hemet 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 Hemet 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 Hemet ranch-style home could sell for $439,700 after repairs, but it will need $30,000 of work to get there.
($439,700 x .70) – $30,000 = $277,790
In this example, a Hemet We Buy Houses company might offer you around $277,790 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 Hemet 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 Hemet 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 Hemet vs. top Hemet 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 Hemet | Sell with a top Realtor in Hemet |
| Selling timeline | 7 to 30 days | 75 days average; 32 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 Hemet is worth about $439,700 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $464,700.
| Sell to a We Buy Houses for Cash company in Hemet | Sell with a top Realtor in Hemet | |
| Estimated sale price | ($464,700 x .70) – $25,000 = $300,290 | $439,700 |
| Market preparations | 0 | $4,397 (1% of sale price) |
| Agent commissions | 0 | $13,191 (3% of sale price) |
| Closing costs | 0 | $6,595 (1.5%) |
| Estimated take-home for seller | $300,290 | $415,517 |
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: Selling your Hemet house to a Cash-For-Homes company can result in a quick, hassle-free sale, often closing within a week.
- No repairs needed: You can sell your home in as-is condition without spending time or money on repairs or updates.
- Lower offers: Cash buyers often provide below-market-value offers, so expect to receive less than you would in a traditional sale.
- Convenience over price: While you may get less for your home, the convenience of a fast sale and fewer contingencies can be worth it, depending on your situation.
- Know your home’s worth: 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 managing 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 Hemet agent.
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