When life throws unexpected challenges your way, selling your home quickly in Royal Oak, Michigan, can feel overwhelming. That’s where We Buy Houses for Cash companies come in, offering fast, all-cash solutions — even if your property isn’t in perfect condition. These offers are ideal for homeowners who lack the time, funds, or motivation to tackle repairs and updates required for a traditional sale.
Choosing a cash sale lets you sidestep the stress of staging, endless showings, and waiting for buyer financing, giving you the freedom to move forward quickly. But while selling for cash can be a smart and timely option, it’s essential to know the full picture. This guide walks you through the pros and cons of cash-for-homes companies in Royal Oak, equipping you with the insights to make the best decision for your unique situation.
Sell Your Royal Oak House Fast With an All-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 Royal Oak.
Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. Links and mentions of Royal Oak area “We Buy Houses” companies should not be considered endorsements.
Working with house-buying companies in Royal Oak
Embarking on a home sale journey in Royal Oak with a house-buying company can be a breath of fresh air for those seeking a speedy transaction. Here’s how you can transition from homeowner to seller without the fuss of a traditional sale:
Contact the company: Reach out to a local We Buy Houses company in Royal Oak and provide them with the basic information about your property. Be sure to conduct due diligence on the various companies in your area before making a decision.
Receive an offer: The company typically will conduct a quick assessment of your home and present you with an all-cash offer, often within a day or two.
Review the offer: Take a moment to consider the offer. Remember, these companies usually present a final offer without room for negotiation.
Accept the offer: If it aligns with your expectations, you can accept it, initiating the sales process.
Close the deal: The company will handle most of the paperwork, and once everything is in order, you will set a closing date to finalize the sale.
Get paid: On the closing date, you’ll sign the final documents and receive the cash for your home, allowing you to move on swiftly with your plans.
Popular We Buy Houses for Cash companies in Royal Oak
If the process of selling to a house-buying company in Royal Oak sounds good to you, it’s time to find a legitimate operation you can trust.
We’ve compiled some top companies that will pay cash for your Craftsman-style or your parents’ Tudor-style house. By selling to one of these companies, you should be able to sell your Royal Oak home in as little as a week or two.
Blue Moon Acquisitions
Blue Moon Acquisitions is a Michigan-based real estate company specializing in buying homes for cash, regardless of their condition. Their mission is to provide homeowners with a fast, hassle-free selling experience, eliminating the need for costly repairs, agent fees, or time-consuming processes like open houses and negotiations. With competitive cash offers, flexible closing dates, and a commitment to transparent communication, Blue Moon Acquisitions aims to simplify home sales, making it easier for clients to move forward without the stress of traditional real estate transactions.
Whether facing foreclosure, managing an inherited property, or needing to sell quickly due to relocation or other life changes, Blue Moon Acquisitions provides an efficient solution tailored to the seller’s needs. From initial contact to closing, they aim to ensure a smooth, stress-free process, allowing homeowners to sell their property “as-is” and receive cash quickly.
Locations: Michigan and surrounding areas, including Royal Oak
Closing costs: Sellers pay no closing costs; Blue Moon Acquisitions covers them.
Blue Moon Acquisitions is a BBB-accredited company with an A+ rating. The company has a 4.6-star rating with Google reviews, and customers consistently praise this company for their professionalism, clear communication, and smooth process. From the initial phone call to closing, clients say they deliver on their promises quickly and efficiently. Reviewers appreciate the patience and transparency shown throughout, with staff members being described as kind, friendly, and nonjudgmental. Many were pleased with the fair offers they received for their properties, often highlighting that they were the best compared to other offers.
Several reviews mention seamless closings, some within a week, and stress-free transactions. Clients noted how flexible the company was with moving timelines and resolving issues like title complications. Overall, this company is highly recommended for its excellent customer service, fair pricing, and hassle-free experience.
Website: sellsoonbluemoon.com
Phone number: 586-209-3290
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Royal Oak 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 US, and 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 locations throughout Royal Oak.
With Simple Sale, you can get a no-obligation, all-cash offer in as little as 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 Royal Oak, Michigan
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
Chris Buys Homes in Detroit
Founded in 2016, Chris Buys Homes in Detroit is a locally owned real estate investment company that specializes in buying houses for cash in the Metro Detroit area. They offer a hassle-free, commission-free process without the need for repairs, cleaning, or showings. By leveraging their knowledge of the local market and bypassing third parties, they aim to provide fast, fair cash offers to homeowners.
The company’s mission is to offer win-win solutions for those facing various challenges such as foreclosure, probate, or owning burdensome properties. They focus on providing personalized, quick, and stress-free solutions to help sellers move forward with their lives.
Locations: Various locations nationwide, including Royal Oak, Michigan
Closing costs: Sellers pay no closing costs; Chris Buys Homes in Detroit covers them.
Chris Buys Houses in Detroit has been BBB accredited since 2022 and holds an A+ rating. The company has a 4.9-star rating on Google, and customers consistently praise the company for its professional, reliable service and smooth transactions. Many highlight how fast the sale process was, with some noting they received competitive cash offers for homes in need of significant repairs. Reviewers appreciated the team’s transparency and dedication, with several mentioning the ease of communication throughout the process. The team is commended for their friendly approach, efficiency, and hassle-free experience, making the home-selling journey stress-free for most clients.
Website: chrisbuyshomesdetroit.com
Phone number: 313-217-9851
Housing Solutions Now
Founded in 2007, Housing Solutions Now is a locally-owned company that buys homes across Michigan, offering a fast, hassle-free selling experience. Specializing in cash offers, they purchase properties in any condition — no repairs, no commissions, and no closing costs. Their transparent and straightforward process allows homeowners to avoid the complications of showings, inspections, or real estate agent fees.
With a focus on making the home-selling experience smooth and stress-free, Housing Solutions Now provides flexible closing dates and even allows homeowners to stay in their property rent-free for several months if needed. Whether facing foreclosure, tax issues, or owning an inherited property, Housing Solutions Now helps homeowners navigate their unique situations with ease.
Locations: Throughout Michigan, including Royal Oak
Closing costs: Sellers pay no closing costs; Housing Solutions Now covers them.
Housing Solutions Now has been accredited with the BBB since 2019 and has an A rating. The company has a 4.3-star rating on Google reviews, where customers praised the company for its friendly and efficient staff, emphasizing the smooth and stress-free nature of the selling process. Reviewers frequently highlighted the professionalism and helpfulness of team members, noting how their expertise made the transaction much easier than anticipated.
Numerous clients expressed gratitude for the quick closing times, with some mentioning that their homes sold in as little as eight days from agreement to closing. The transparency in communication was also a recurring theme, with customers appreciating the team’s willingness to answer questions and provide support throughout the process. Overall, clients reported feeling comfortable and well-informed, resulting in a high level of satisfaction with their experience at Housing Solutions Now.
Website: hsnnow.com
Phone number: 586-571-8485
Cash For Michigan Houses
Cash for Michigan Houses is a veteran-owned company specializing in purchasing homes for cash in any condition across Michigan. They offer a streamlined process designed to alleviate the stress of selling a home, allowing homeowners to skip repairs, cleaning, and maintenance. The company emphasizes transparency, satisfaction, and open communication, ensuring a smooth experience for sellers.
Clients can receive a fair cash offer quickly, with the potential for fast closing. Cash for Michigan Houses aims to help homeowners facing various challenges, such as foreclosure, title issues, or inherited properties. Their commitment to providing win-win solutions has earned them a solid reputation as a reliable cash home buyer. The team is ready to assist homeowners throughout Michigan, making the selling process easy and efficient.
Locations: Throughout Michigan, including Royal Oak
Closing costs: Sellers pay no closing costs; Cash for Michigan Houses covers them.
Cash for Michigan Houses is highly regarded by clients for its efficiency, fair offers, and customer service. Reviewers commended the team’s professionalism, making the experience worthwhile even for those who do not sell their homes. The company holds a BBB A+ rating but is not accredited. They also have a 4.5-star Google review rating, and customers highlight the exceptional service and professionalism experienced by clients. One reviewer noted that even though they did not sell their home, the time taken to discuss the process was impressive, showcasing a level of service, integrity, and helpfulness that is rare to find. They emphasized that a simple phone call would be worthwhile, refreshing, and beneficial.
Another client expressed satisfaction with their interaction, stating that the company provided an offer significantly better than others received, exceeding expectations by about 20%. This reviewer was particularly impressed by the company’s genuine concern for their clients, resulting in a highly positive experience and a perfect rating. Overall, reviews reflect a commitment to exceptional customer service and client satisfaction.
Website: cashformichiganhouses.com
Phone number: 810-309-9371
Why sell your Royal Oak house for cash?
There are plenty of valid reasons a Royal Oak home seller may choose to work with a cash-for-homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience.
In Royal Oak, it typically takes about 80 days to sell a home on the market using an agent. That includes an average of 36 days on the market, plus the typical 44 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 Royal Oak, 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 of the most common reasons homeowners choose to sell their homes for cash:
- Immediate relocation: If you’re facing a sudden job transfer or personal shift that requires quick action, selling for cash streamlines your move.
- Divorce settlement: Divorce proceedings often necessitate the quick division of assets, including real estate.
- Avoiding foreclosure: To dodge the financial hit of a foreclosure, a fast cash sale can provide a clean break with your mortgage lender.
- Inheritance management: Inheriting a property can come with burdens; selling for cash means fewer complications.
- Disrepair: If your home requires extensive repairs that you can’t afford or justify, a cash sale avoids the need for renovation.
- Rental woes: For landlords tired of managing tenants or upkeep, selling for cash offers an immediate exit strategy.
- Downsizing: A cash offer expedites the downsizing process without the usual real estate hurdles, particularly for seniors aiming to simplify life or transition to a more manageable living space.
If you are a homeowner facing any of these circumstances, requesting a cash offer from a We Buy Houses company might be a good option to consider. However, it’s important to think of this as a starting point in your search for solutions. You won’t know if it’s your best move until you know more about other options available to you, which we’ll help you review in a minute.
Pros and cons of house-buying companies in Royal Oak
One of the biggest advantages of working with We Buy Houses for Cash companies in Royal Oak is that you can sell your home as-is with no repairs required, and they’ll buy homes in any condition.
If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require.
Here are some other pros to consider:
Pros
The allure of house-buying companies lies in their promise of speed and ease. They offer a no-fuss solution for selling your home as-is, without the headache of renovations or staging.
- Quick sale: Expect a fast transaction, often closing within a week, which is ideal for urgent financial needs.
- As-is purchase: They will buy your house in its current condition, eliminating the cost and time associated with repairs.
- No staging or showings: You avoid the disruption and effort of preparing your home for showings and open houses.
- Simple process: The straightforward process cuts through the red tape of traditional home-selling, from paperwork to closing.
Cons
The most significant con of selling to a house-buying company is that they will likely offer you below market value for your home compared to selling on the market with an experienced real estate agent. Here are some of the key drawbacks:
- Lower offers: Expect offers to be lower than what you might receive on the open market.
- Potential for scams: Be cautious of scams and dishonest companies; always vet your buyers.
- Limited negotiation: There’s typically little to no room for negotiating the price.
- No agent expertise: You miss out on the professional guidance and market knowledge that a real estate agent provides.
Your home is more than a place where you make memories with family; it’s also likely your biggest asset. Sure, you want to sell quickly, but you could be leaving major money on the table if you choose to work with one of these We Buy Houses for Cash companies.
Always do your research, compare your options, and consult with a trusted advisor before accepting any offer.
Vet cash buyers and know your home’s worth
When choosing a top We Buy Houses for Cash company in Royal Oak, it’s essential to remember that the integrity and service quality of these businesses can vary. Your experience largely will depend on the character and professionalism of the individuals or group making the offer.
Before diving into a cash deal, ensure you vet the company meticulously. Read through online reviews and testimonials, and study their market reputation and presence. Additionally, it’s crucial to pore over the buying agreement in detail. Understand every clause and condition before signing a contract.
Get a home value estimate
HomeLight suggests you consult with an experienced Royal Oak real estate agent to get a better idea of what your home might be worth if sold on the open market. Then compare it to your cash offer. HomeLight can connect you with a top-performing agent in your area. You also can use HomeLight’s Home Value Estimator to get an initial estimate in less than two minutes.
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.
Other options to sell your Royal Oak home quickly
iBuyers, or instant buyers, use automated valuation models (AVMs) to offer near-instant home value estimates. They provide a mostly online experience, offering all-cash deals typically closer to market value for homes in good condition. The iBuyer process from offer to closing is quick, usually within a few days to two weeks. However, companies like Opendoor and Offerpad charge service fees of 5% to 6%.
Listing with an agent
Listing with a top real estate agent can also result in a fast sale, especially in a seller-friendly market. An agent can provide a comparative market analysis (CMA), which helps determine an appropriate listing price and estimate the time to sell. Many agents offer CMAs, often free.
Partnering with a proven agent can yield the highest selling price and they may even connect you with buyers offering cash closer to market value. If you are interested in exploring the agent option, HomeLight can connect you with a top-performing real estate agent in your area today.
FAQs on Royal Oak house-buying companies
Most We Buy Houses for Cash companies in Royal Oak 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 legitimate.
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 Better Business Bureau website. Watch for anything that just doesn’t seem right.
Most Royal Oak We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV) 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
Let’s look at an example offer equation to see how this might work in a real-world scenario. Let’s say your Royal Oak Tudor-style home could sell for $390,000 after repairs, but it will need $30,000 of work to get there.
($390,000 x .70) – $30,000 = $243,000
In this example, a top We Buy Houses for Cash company in Royal Oak might offer you about $243,000 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.
Accepting an offer from a Royal Oak We Buy Houses for Cash company presents a double-edged sword. On one hand, you won’t incur additional costs, as these companies typically manage almost every aspect of the sale once you accept their offer. On the other hand, you may receive a lower overall payout 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 affect your bottom line is always a good idea.
- Research and vet the house-buying companies that serve your Royal Oak 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. Consider 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 Royal Oak vs. a top Royal Oak 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 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 Royal Oak | Sell with a top Realtor® in Royal Oak |
| Selling timeline | 7 to 30 days | 80 days average; 36 to attract an offer, 44 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 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 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 put together 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 Royal Oak is worth about $390,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth about $415,000.
| Sell to a We Buy Houses for Cash company in Royal Oak | Sell with a top Realtor in Royal Oak | |
| Estimated sale price | ($415,000 x .70) – $25,000 = $265,500 | $415,000 |
| Market preparations | 0 | $4,150 (1% of sale price) |
| Agent commissions | 0 | $12,450 (3% of sale price) |
| Closing costs | 0 | $6,225 (1.5%) |
| Estimated take-home for seller | $265,500 | $392,175 |
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 challenging in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Quick sale: You can sell your home fast, often within days.
- As-is condition: Sell your house in its current state without repairs.
- No fees: You typically avoid agent fees and closing costs.
- Immediate payment: Receive cash payment without waiting for buyer financing.
- Less market value: Expect an offer below market value for your property.
- Limited negotiation: The offer you get is often non-negotiable.
- Research is crucial: Vet the company to avoid scams.
- Understand your contract: Always read the agreement thoroughly before signing.
- 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 Royal Oak agent.
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