Did you know there are companies that buy your house for cash? When you work with the best companies that buy houses for cash, you can sell your house quickly and conveniently. Selling your house to companies helps you save on commission. It also helps you close the deal quickly.
This is a helpful option if you want to get money quickly. You can sell house fast for cash by listing your house on the websites of real estate technology companies like Houzeo. This is a flat fee MLS Maine company that makes your listing available to companies who buy for cash.
There are many other such companies that offer flat fee MLS listing. This option helps you save the commission. At the same time, you can find a company that is willing to buy your house for cash.
Companies that buy homes for cash
There are many best companies that buy houses for cash. These companies buy homes and then refurbish them. They would then sell the refurbished homes for a profit. This is their business model, which is why they are on the lookout for homes. Companies known as iBuyer firms (instant Buyer) would buy your home for cash.
The key feature of iBuyers is that they would make an offer usually within 24 to 48 hours. If you accept the offer, they would then close the sale very quickly (between 7 and 28 days). This is convenient for people who are in need of cash and want to sell their homes quickly.
There are also companies that offer a trade-in. You can sell your old home to them and then buy a new home from them. This will help you save a lot of money. Some of the things you need to know about companies buying homes for cash are:
- The companies may not pay you the entire market value. They could pay anywhere from 70% to 100% of the fair market value. Since they close the sale quickly and offer cash, you cannot expect the full price.
- Companies also buy distressed homes as well as homes that have been rented. For such homes, you can expect 50% to 70% of the market price as payment.
- Most of the companies may charge a transaction fee or closing fees. They can also charge you costs towards repair and refurbishing of the house. These charges can vary from 6% to 13% of the sale price.
- You need to study the offer made by the company to understand how much they charge. You can then decide whether to go ahead with the deal or not.
The best flat fee MLS companies
1. Houzeo
With a customer rating of 4.9/5, Houzeo is one of the top technology firms in the industry. Houeo’s advantage is that it works on a flat fee MLS model. They charge you a flat fee to list your house on the MLS. This works out to be very cost-effective. Once your house is listed, companies that buy houses for cash would approach you. It is possible to get 100% market value when you sell to such companies.
The biggest benefit of working with Houzeo is that you save on commission paid to agents. Houzeo offers the best technology to help you list your property. The entire process is simple and convenient. They even have a mobile app to help you manage your listing. Known for their great customer service, working with Houzeo is a good option when you want to sell your home. You can check out Houzeo reviews to know more about them.
2. Landfall Properties
This firm has a great customer rating of 4.9/5. Being a flat fee MLS company, they list your property for a fee of $499. They have various packages, including one where they charge you 1% of the sale price. In this case, they offer the assistance of a real estate agent.
Apart from listing on the MLS, they list your property on other websites. One downside of this firm is that it is not based in Maine. If you choose the 1% fee package, you will end up paying 2% to the buyer’s broker. The savings on commission is not as much as in the case of Houzeo.
3. Discount Realty
This Maine-based company works on a flat fee MLS model. They have different packages ranging from $299 to $499 as a flat fee for listing your home on the MLS. They even have a premium package where they charge a 3.5% commission and offer full service just like regular brokerages.
You can share up to 30 photos of your property even with their basic listing. They do not have credible reviews to arrive at a customer rating. A downside of their service is that they can take up to 72 hours to list your property.
4. Flat Fee Realty
If you are looking for an economical plan, you can work with Flat Fee Realty. They have a basic package that costs $199. This is a cost-effective package but offers limited features. For instance, they offer only 6 photos. If you want to upload more photos, you need to pay an additional $50.
There are no reviews or customer ratings to share. A problem with this firm is that they do not offer additional services on à la carte basis as some other firms do.
5. I Sold My House
This is a Maine-based flat fee MLS company. They have different packages that range from $299 to $399. The package depends on how many photos you can upload. An additional benefit is that you can schedule an open house without additional fee payment.
You can save money on commission by working with them. They have a 4.7/5 rating. However, customer support is an issue with this firm.
