If you’re a homeowner in California needing a quick home sale, a “We Buy Houses” Torrance company might be worth considering. These firms offer cash deals for homes that may need a little or a lot of work and provide a quick sales process that closes in days, not weeks. This means skipping lengthy repairs and getting your cash fast.
A cash sale is ideal if you’re short on time, resources, or the desire to tackle renovations. Unexpected life situations, like a sudden inheritance or a pending foreclosure, can necessitate quick cash transactions, making We Buy Houses companies a potential lifesaver.
This post will discuss the pros and cons of working with a cash buyer in Torrance, providing insight to help you make the right choice.
Sell Your House Fast in Torrance 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 7 days. No showings, no repairs, no open houses. Available to sellers throughout Torrance, CA.
Working with house-buying companies in Torrance
Selling for cash in Torrance can save you time and effort compared to listing on the open market. House-buying companies simplify the process, often purchasing homes as-is. Here’s what to expect from the process of selling your home for cash:
- Contact the company: Reach out to a reputable house-buying company in Torrance by phone or through an online form. They’ll ask for some details about your home.
- Schedule an evaluation: The company will arrange a time to visit your property to assess its condition and gather the information needed to make an offer.
- Receive an offer: After evaluating your home, the company typically provides a cash offer within 24 to 48 hours. This offer often reflects the property’s as-is condition.
- Review the offer: Take time to carefully review the offer terms and understand any fees or costs involved. Remember, the offer is usually non-negotiable.
- Accept and sign: If the offer works for you, sign the necessary paperwork to begin the closing process.
- Close and get paid: Once the closing date arrives, you’ll receive the cash proceeds, often within a few days, allowing you to move forward quickly.
Popular We Buy Houses for Cash companies in Torrance
If the process of selling to a house-buying company in Torrance 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’ property, whether that’s a ranch-style or a mid-century modern. By working with one of these companies, you should be able to sell your Torrance home in as little as a week or two.
Priority Home Buyers
Priority Home Buyers is a reliable house-buying company serving markets nationwide with the seller’s needs as the top priority. The team provides competitive all-cash offers quickly, often within an hour, and ensures a smooth, hassle-free closing process.
Focused on solving real estate challenges, they approach each transaction as a win-win solution for homeowners. Sellers can choose their own closing date, with options available in as little as seven days.
Locations: Nationwide, including Torrance
Closing costs: Sellers pay no closing costs; Priority Home Buyers covers them.
Commended for its honest approach to customer service, Priority Home Buyers has been accredited by the Better Business Bureau (BBB) since 2023 and holds an A rating. It has a 4.7 Google star rating, with various clients describing their experience as smooth, efficient, and stress-free.
They commend the team’s professionalism, reliability, and commitment to doing exactly what was promised. The process was handled with clarity and ease, leaving sellers confident in their decision.
Website: priorityhomebuyers.com
Phone number: 877-399-1777
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Torrance (and across the country) can request a cash offer for their home. It features one of the largest networks 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 Torrance.
With the platform, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Torrance.
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it has been BBB accredited since 2019 and now holds an impressive 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.
Website: homelight.com/simple
Phone: 844-488-8455
SoCal Home Buyers
Since 2008, SoCal Home Buyers has been recognized as a reputable property-buying company focused on providing efficient and stress-free transactions. It extends firm cash offers and gives sellers the flexibility to select their closing date, completing the sale in as little as seven days.
From foreclosure concerns to inherited properties or the need for a swift sale, SoCal Home Buyers delivers a straightforward alternative to listing on the open market.
Locations: Throughout Southern California, including Torrance
Closing costs: Sellers pay no closing costs; SoCal Home Buyers covers them.
SoCal Home Buyers holds a 4.8-star rating on Google reviews. Accredited by the BBB since 2018, SoCal Home Buyers has earned an A+ grade from the bureau. Its Google Business Profile features a 4.8-star rating, as clients share positive experiences with the company.
They praise the team for being consistently smooth, professional, and trustworthy. The staff honors agreements, responds promptly, and treats clients with genuine care. Many sellers highlight the company’s honesty, reliability, and commitment to excellent service over the long term.
Website: socalhomebuyers.com
Phone number: 951-331-3844
Eazy House Sale
Since 2015, Eazy House Sale has been providing a fast, straightforward, and transparent solution for homeowners looking to sell their houses quickly. It specializes in helping homeowners in challenging situations, ensuring they get a fair deal without the traditional delays and complications of the real estate market. The team presents competitive cash offers within 24 hours.
Sellers can select a closing date that fits their schedule, ranging from 7 to 60 days.
Locations: Los Angeles, including Torrance
Closing costs: Sellers pay no closing costs; Eazy House Sale covers them.
Backed by positive customer testimonials, Eazy House Sale holds a 5.0-star rating on Google. Reviewers share that selling their home was a seamless and transparent experience.
The team demonstrated a clear understanding of unique circumstances, making the process straightforward and stress-free. They are recognized for being honest, direct, and reliable without unnecessary complications or overpromises.
Website: eazyhousesale.com
Phone number: 855-915-1382
John Medina Buys Houses
John Medina Buys Houses is a California-based company that specializes in purchasing homes for cash, providing a fast and hassle-free alternative to traditional real estate sales. It eliminates the need for real estate agents, repairs, and fees, offering homeowners a straightforward cash offer for their properties, regardless of condition. Committed to efficiency, it typically makes an offer within 24 hours of seeing the property and closes within 14 days.
Locations: Los Angeles, including Torrance.
Closing costs: Sellers pay no closing costs; John Medina Buys Houses covers them.
John Medina Buys Houses has maintained BBB accreditation since 2015 and carries an A+ rating. On Google, the company reflects an impressive 4.7-star average.
Clients frequently highlight the company’s clear communication and professional approach. Many appreciate the seamless nature of the transactions and commend the team for being approachable, courteous, and helpful throughout the process.
Website: johnmedinabuyshouses.com
Phone number: 310-928-9688
Why sell your Torrance house for cash?
If you’ve ever sold your home through the traditional real estate market, you know the process can drag on for months, and there’s no guarantee of a sale. But when you sell to a We Buy Houses company, you’re looking at a guaranteed sale in just a matter of days. Speed, convenience, and certainty are the top reasons many homeowners choose to work with a cash-for-homes firm.
In Torrance, selling a home on the open market using an agent takes around 78 days. That includes an average of 37 days on the market, from listing to signed contract, plus the typical 41 days a buyer needs to close on a purchase loan.
Compare that to the usual seven to 10 days promised by many house-buying companies in Torrance, 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.
If you’re a Torrance homeowner considering a cash sale, there are many situations where selling to a house-buying company might make sense. Whether you’re facing unexpected life changes or simply want to sell fast without repairs, a cash buyer could be a convenient option. Below are some common scenarios where a cash sale might fit your needs.
- Job relocation: You’ve secured a new job in another area and need a quick sale to move without delays.
- Divorce settlement: A divorce may require you to sell the property quickly, splitting the proceeds to move on individually.
- Unwanted inheritance: You inherited a home you don’t need and would rather sell than manage or maintain it.
- Downsizing transition: You’re moving to a smaller home or a retirement community and want a swift sale to simplify your life and finances.
- Extensive repairs: Your home is in poor condition, but you lack the funds or time to repair issues before listing.
- Open house stress: You’d rather avoid the hassle and privacy concerns of hosting open houses.
- Structural damage: Significant foundation problems make it difficult to sell through traditional channels.
- Foreclosure fix: You’re facing potential foreclosure and want to sell quickly to avoid a damaged credit score.
- Existing tenants: Managing tenants can be challenging, and selling the property as-is could provide relief.
- Remote home sale: You need to sell a property from out of state and don’t want to manage long-distance logistics.
Pros and cons of house-buying companies in Torrance
Working with a house-buying company in Torrance has its upsides and downsides, depending on your priorities. Below, we’ll outline the primary pros and cons so you can better understand if a cash-for-homes company meets your needs.
One of the biggest advantages of using a house-buying company in Torrance is speed. You can sell quickly without making any repairs or as-is preparations. Here are some of the key benefits to consider:
- Quick sale: Cash buyers can often close within days, making them a great option if you’re in a hurry to sell.
- No repairs needed: Unlike traditional sales, cash-for-homes companies buy properties as-is, saving you the cost and time of repairs or updates.
- No showings: Cash buyers skip the showing process entirely, sparing you from the hassle of staging and preparing your home for multiple viewings.
- Fewer contingencies: Cash deals typically involve fewer or no contingencies, reducing the chances of your sale falling through due to buyer financing or inspection issues.
While partnering with house-buying companies provides convenience, you might walk away with less profit than if you sold through an agent. Here are some additional downsides to weigh:
- Lower sale price: Cash-for-homes companies typically offer less than market value, which can mean a lower profit from the sale.
- Potential scams: The industry is vulnerable to scams, so working with reputable buyers is essential to avoid fraudulent practices.
- Limited buyer pool: Not every company is willing to buy all types of properties, so some homes might not qualify for a cash offer.
- No negotiations: Offers are often take-it-or-leave-it, giving you little room to negotiate a higher price.
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 csh buyers and know your home’s worth
Before committing to a cash offer, it’s crucial to vet the company thoroughly. The level of service and integrity you experience from a house-buying company can vary, so make sure to:
- Research market presence: Investigate how long the company has been buying homes in your area and how they’ve performed in the market.
- Check reviews: Look for online reviews and ratings to see what other sellers have said about their experience with the company.
- Ask for referrals: Go beyond reviews and ask actual clients to get a better sense of the company’s reputation and trustworthiness.
- Examine the agreement: Before signing anything, read the buying agreement carefully to ensure you fully understand the terms and conditions of 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 Torrance. You can also use our free Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Torrance home quickly
If you need a fast home sale, here are two additional options worth considering:
Working with iBuyers
Instant buyers or iBuyers are cash-for-homes companies that use automated valuation models (AVMs) to make near-instant offers based on market data. With a mostly online process, companies like Opendoor and Offerpad can close quickly, often within a few days to two weeks.
While their offers are usually close to market value, these iBuyer companies typically charge sizable service fees, ranging from 5% to 6% of the home’s sale price, and prefer homes in good condition.
Listing with an agent
Listing with an agent can still lead to a quick sale, especially in a seller’s market. Top agents often provide a comparative market analysis (CMA), which is often free, to help price your home competitively. They may even connect you with cash buyers willing to pay closer to market value. If you’re interested, HomeLight can connect you with a top-performing real estate agent to explore this option.
FAQs on Torrance house-buying companies
By and large, most We Buy Houses for Cash companies in Torrance 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 BBB website. Watch for anything that just doesn’t seem right.
Most Torrance 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), then deduct 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 Torrance ranch-style home could sell for $1,160,000 after repairs, but it will need $45,000 of work to get there.
($1,160,000 x .70) – $45,000 = $767,000
In this example, a Torrance We Buy Houses company might offer you around $767,000 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 they look for homes in better condition. An iBuyer might pay you 90% or more of the market value while charging a fee for their services.
When you accept an offer from a Torrance We Buy Houses for Cash company, you will likely be coming to grips with a double-edged sword. On the one hand, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. On the other hand, 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. Ask the company if any hidden program fees might impact your bottom line.
- Research and vet the house-buying companies that serve your Torrance 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. 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 Torrance vs. top Torrance 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 Torrance | Sell with a top Realtor in Torrance |
| Selling timeline | 7 to 30 days | 78 days average; 37 to attract an offer, 41 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the home |
| Showings | None | 10 to 25 showings on 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 the 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% to 6% of the home’s sale price |
| Closing costs | None | 1% to 3% of the home’s sale price on top of the agent’s 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 Torrance is worth about $1,115,000 and needs about $45,000 in repairs. Once the repairs are completed, the home might be worth around $1,160,000.
| Sell to a We Buy Houses for Cash company in Torrance | Sell with a top Realtor in Torrance | |
| Estimated sale price | ($1,160,000 x .70) – $45,000 = $767,000 | $1,115,000 |
| Market preparations | 0 | $11,150 (1% of the sale price) |
| Agent commissions | 0 | $33,450 (3% of the sale price) |
| Closing costs | 0 | $16,725 (1.5% of the sale price) |
| Estimated take-home for seller | $767,000 | $1,053,675 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent. However, net proceeds are not the only consideration when selling a home.
What’s best for your situation will depend on the condition of your property, the level of repairs needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent’s timeline might not fit your immediate needs.
Key takeaways
- Speedy, convenient transaction: Cash-for-homes companies provide a quick, straightforward sale, often closing in just days without the need for repairs or showings.
- As-is sale: These companies buy homes in their current condition, allowing you to skip any updates or renovations.
- Lower offer prices: Cash offers from these companies are generally lower than market value, as they’re buying with minimal conditions.
- Limited flexibility: Offers are usually non-negotiable, which may reduce your ability to maximize your home’s sale price.
- Home valuation insights: Always be aware of your property’s estimated market value before you proceed with a cash-offer company to avoid extremely low offers.
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 Torrance agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of Torrance area “We Buy Houses” companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
Header Image Source: (Neal E. Johnson/Unsplash)
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