Need to sell your Hot Springs home quickly? We Buy Houses companies in Hot Springs, CA can provide all-cash offers, often buying homes in “as-is” condition. This can be a good fit if your property needs repairs, saving you the effort, time, and headaches of selling on the open market.
This guide explains the pros and cons of selling your Hot Springs home to a cash buyer. We’ll walk you through what to expect so you can decide whether a We Buy Houses company or a different option best fits your needs.
Sell Your House Fast in Desert Hot Springs 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 Desert Hot Springs.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Desert Hot Springs area “We Buy Houses” companies should not be considered an endorsement.
Working with house-buying companies in Desert Hot Springs
Working with a house-buying company in Hot Springs is simple, but there are a few steps you should know. Here’s how it works:
- Contact the company: Reach out to a reputable house-buying company and provide basic details about your property, including location, size, and current condition.
- Schedule a home evaluation: The company will arrange a time to visit your home and assess its condition to determine an appropriate cash offer.
- Receive a cash offer: Based on their assessment, the company will typically make you a no-obligation, all-cash offer within a few days.
- Review the offer: Take the time to evaluate the offer and decide if the cash-for-homes approach aligns with your needs.
- Sign the agreement: If you accept the offer, you’ll sign a purchase agreement, allowing the sale process to move forward.
- Close the sale: The company will set a closing date, often within a week or two, to transfer ownership and release your payment in full.
Popular We Buy Houses for Cash companies in Desert Hot Springs
If the process of selling to a house-buying company in Desert Hot Springs 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’ Mid-Century Modern home or ranch-style house. By selling to one of these companies, you should be able to sell your Desert Hot Springs home in as little as a week or two.
Sell Quick California, LLC
Sell Quick California buys homes in any condition, with no repairs or cleaning required. Sell Quick California has been accredited with the Better Business Bureau since 2019 and has an A+ rating.
Locations: All of California, including Desert Hot Springs
Closing costs: You pay no closing costs; Sell Quick California covers them.
Although the company only has 27 Google reviews, Sell Quick California holds a perfect 5-star rating.
Website: sellquickcalifornia.com
Phone: 1-866-497-8248
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Desert Hot Springs (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 Desert Hot Springs.
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 Desert Hot Springs
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
SoCal Home Buyers
SoCal Home Buyers is a family-run investment firm that buys properties including single-family fixer-uppers and turnkey multi-family homes. SoCal Home Buyers has been in operation for 13 years and has been BBB accredited since 2018, where it has an A+ rating.
Locations: San Bernardino, Riverside, Los Angeles, San Diego, and Orange counties
Closing costs: You pay no closing costs; SoCal Home Buyers covers them.
SoCal Home Buyers has 32 Google reviews with an average of 4.8 stars.
Website: socalhomebuyers.com
Phone: 951-331-3844
Priority Home Buyers
Priority Home Buyers provides a fast, fair cash offer process, promising offers within one hour and closings in as little as seven days. They are active in San Bernardino and have a local market specialist on staff.
Locations: Nationwide, including Desert Hot Springs
Closing costs: Sellers pay no closing costs; Priority Home Buyers cover them.
Priority Home Buyers has been accredited by the Better Business Bureau (BBB) since 2023 and holds an A+ rating. The San Bernardino chapter also has a 5.0 Google star rating.
Website: priorityhomebuyers.com
Phone number: 909-640-3797
Coachella Valley Home Buyers
Coachella Valley Home Buyers is a locally owned business with over 25 years of experience. They offer all-cash deals with no fees, commissions, or repairs required and can provide offers within 24 hours, making the process hassle-free for sellers in any situation.
Locations: Throughout Coachella Valley, including Desert Hot Springs
Closing costs: Sellers pay no closing costs; Coachella Valley Home Buyers cover them.
Coachella Valley Home Buyers is rated with an score of 4.5 on Google.
Website: coachellavalleyhomebuyers.com
Phone number: 760-849-8115
Why sell your Desert Hot Springs house for cash?
Why sell your Hot Springs home for cash? The number one reason is that you need to sell it quickly. Selling to a We Buy Houses company means you get your money fast, sometimes in less than a week.
In Desert Hot Springs, it typically takes around 98 days to sell a home on the market using an agent. That includes an average of 55 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 Desert Hot Springs, 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 a cash sale could be the ideal choice:
- Job relocation: When your career requires a quick move, selling for cash can help you meet that timeline without worrying about delays.
- Divorce: A cash sale can make dividing assets easier and quicker during this transition.
- Inherited property: If you’ve inherited a home you don’t plan to keep, a cash offer provides a straightforward solution.
- Downsizing: If you’re ready to downsize to a smaller place, a cash sale can simplify the process.
- Costly repairs: Selling as-is for cash helps avoid repair costs you may not want to take on.
- Avoiding open houses: If managing open houses sounds inconvenient, a cash offer means a private, hassle-free sale.
- Foundation issues: Dealing with foundation problems can be expensive, making a cash sale a good choice.
- Foreclosure risk: If you’re facing foreclosure, a cash sale might provide a way to avoid losing your home.
- Tenant challenges: Selling with tenants in place can be tricky, but a cash sale can be easier to navigate.
- Selling from out of state: Managing a sale from out of state is challenging; a cash offer can streamline things.
Pros and cons of house-buying companies in Desert Hot Springs
Selling your Hot Springs home to a house-buying company comes with a unique set of pros and cons.
A major advantage of working with a house-buying company is speed, as these buyers are often prepared to close in a matter of days. Additionally, they buy homes in any condition, so you can avoid costly repairs or staging efforts. Here’s a closer look at the key benefits:
- Quick sale: Cash buyers can often close within days, ideal if you need to move fast and avoid the typical waiting period of a traditional sale.
- Buy as-is: You won’t need to make repairs, clean, or update your home before selling as-is, saving you time and money.
- No contingencies: Unlike traditional buyers, most cash buyers don’t add contingencies to their offers, which helps prevent deal fall-throughs.
- Convenient process: House-buying companies handle most of the paperwork and logistics, making the sale process simpler for you.
On the downside, selling to a house-buying company in Hot Springs often means accepting a lower-than-market-value offer. This is an important consideration, especially if maximizing your home’s equity is a priority. Here are the potential drawbacks:
- Below market value: Cash buyers usually offer less than market value, which could mean a lower net profit than selling on the open market.
- Limited negotiation: Most house-buying companies provide a take-it-or-leave-it offer, giving you little room to negotiate or adjust the terms.
- Potential scams: It’s essential to vet cash buyers carefully to avoid scams that could put your property and finances at risk.
- Fewer options: Selling to a house-buying company limits the possibility of other offers, potentially bypassing buyers willing to pay closer to your home’s full value.
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 can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits. Your experience depends on the character of the person or group making the offer.
Before committing to a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
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 Desert Hot Springs home quickly
iBuyers: iBuyers offer fast, all-cash purchases by using automated valuation models (AVMs) to estimate your home’s value. The mostly online iBuyer process closes in a few days to two weeks, making it fast but suitable for homes in good condition. Companies like Opendoor and Offerpad generally charge 5%-6% in service fees.
Listing with an agent: Though less immediate, working with a top agent can yield a higher sale price. Agents provide comparative market analysis (CMA) reports, often for free, to help you set a competitive listing price. Plus, an agent may connect you with cash buyers. HomeLight can connect you with top-performing agents in your area if this route interests you.
FAQs on Desert Hot Springs house-buying companies
By and large, most We Buy Houses for Cash companies in Desert Hot Springs 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 Desert Hot Springs 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 Desert Hot Springs Mid-Century Modern home could sell for $400,000 after repairs, but it will need $30,000 of work to get there.
($400,000 x .70) – $30,000 = $250,000
In this example, a Desert Hot Springs We Buy Houses company might offer you around $250,000 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 Desert Hot Springs 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 Desert Hot Springs 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 Desert Hot Springs vs. top Desert Hot Springs 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 Desert Hot Springs | Sell with a top Realtor in Desert Hot Springs |
| Selling timeline | 7 to 30 days | 98 days average; 55 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 Desert Hot Springs is worth about $450,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $475,000.
| Sell to a We Buy Houses for Cash company in Desert Hot Springs | Sell with a top Realtor in Desert Hot Springs | |
| Estimated sale price | ($475,000 x .70) – $25,000 = $307,500 | $450,000 |
| Market preparations | 0 | $4,500 (1% of sale price) |
| Agent commissions | 0 | $13,500 (3%) |
| Closing costs | 0 | $6,750 (1.5%) |
| Estimated take-home for seller | $307,500 | $425,250 |
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 option: Cash-for-homes companies in Hot Springs provide a streamlined process, often closing in a matter of days or weeks.
- Sell as-is: These companies typically buy homes as-is, so you won’t need to handle repairs, staging, or cleaning before the sale.
- Lower offer: Cash offers from house-buying companies are often below market value, meaning a lower payout compared to traditional sales.
- Simple process: Cash buyers handle most of the paperwork and logistics, making the transaction quick and straightforward.
- Limited flexibility: With cash buyers, offers are generally “take-it-or-leave-it,” so there’s little to no room for negotiation.
- 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 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 Hot Springs agent.
Header Image Source: (PantherMediaSeller / Deposit Photos)
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