In 2023, over 36% of single-family homes and condos were bought through cash deals, a significant jump from around 23% in 2020. When you’re looking to sell your house fast or dealing with hefty repairs, opting for cash home buyers becomes a game-changer. Selling a home conventionally in Phoenix might take 107 days. Instead, imagine sealing the deal with a cash buyer in one to two weeks with no upfront costs. Get ready as we dive into the top 5 cash home buyers in Phoenix in this guide.
1. Diamond Equity Investments
Diamond Equity Investments is a reputable cash home buyer specializing in delivering a swift and hassle-free home-selling experience for Phoenix homeowners. They present fair cash offers derived from thorough market analysis and property assessments. This esteemed cash home buyer ensures a rapid response, providing a cash offer within 24 to 48 hours. Their commitment extends to closing transactions as promptly as possible, often within 14 days. They also purchase homes in their current state, sparing you the headaches of repairs or renovations.
Highlights:
- Fair cash offers grounded in market analysis
- No-obligation cash offers
- Zero fees or commission charges
- Swift response time (within 24 to 48 hours)
- Expedited closing process (as little as 14 days)
- Purchase homes as-is
Cons:
None
2. Sell My House Fast
Sell My House Fast in Phoenix is another reputable cash home buyer committed to streamlining the home-selling journey for Phoenix homeowners. Their expertise lies in acquiring properties regardless of their condition, relieving homeowners from the burdens of repairs or renovations.
Sell My House Fast stands out by providing equitable cash offers grounded in meticulous market analysis and property evaluations. Homeowners can anticipate a swift response, with cash offers presented within 24 hours. The company’s objective is to finalize transactions expediently, aiming for a 7 to 14-day turnaround, ensuring a rapid and efficient process.
Highlights:
- Extensive coverage
- Acquires homes in any condition
- Rapid response time (within 24 hours)
- Expedited closing (7 to 14 days)
- Effortless selling process
- No fees or commissions
Cons:
Sometimes below-market offers
3. The Trusted Home Buyer
The Trusted Home Buyer is a dependable cash home buyer dedicated to ensuring a hassle-free selling process for Phoenix homeowners. Their specialization lies in acquiring properties regardless of their condition, eliminating the necessity for repairs or renovations.
This esteemed company presents equitable cash offers from comprehensive market analysis and property evaluations. Homeowners anticipating a swift response receive their cash offer within 24 to 48 hours. The Trusted Home Buyer endeavors to finalize transactions within a reasonable timeframe of 14 to 30 days.
Highlights:
- Purchase homes in any condition
- Prompt response time (within 24 to 48 hours)
- Reasonable closing timeframe (14 to 30 days)
- No need for listings or open houses
Cons:
- Offer contingent on the house’s condition, reducing the amount
- Offer is between 50% and 70% of the market value
4. AZ Home Buyer
AZ Home Buyer, a well-regarded cash home buyer, is committed to facilitating a seamless and effective selling process for homeowners who want to sell a house fast in Phoenix. They specialize in acquiring properties in any condition and alleviate homeowners from the burdens of repairs and renovations.
AZ Home Buyer extends fair cash offers rooted in meticulous market analysis and property evaluations. However, it’s essential to note that they operate by their own rules, potentially resulting in variances in cash offer terms and service quality.
Highlights:
- Acquires homes in any condition
- Swift response time (within 24 hours)
- Expedited closing (within 14 days)
- Eliminates the need for spending on repairs and commissions
Cons:
- Lowball cash offer
- Non-negotiable cash offers
- Varied quality of service
5. HomeVestors
HomeVestors is the largest cash home buyer franchisor in the United States, boasting over 800 offices nationwide. Renowned for its “We Buy Ugly Houses” brand, each HomeVestors office operates independently, led by a local real estate investor. Typically, HomeVestors investors extend offers ranging from 50% to 70% of the fair market value, with the potential deduction of repair costs at the closing stage.
Highlights:
- Swift cash for distressed homes
- No service fees
- No upfront costs
- Flexible closing options
- Extensive nationwide coverage
Cons:
- Lowball cash offer
- com is not entirely online
- Varied quality of service
Frequently Asked Questions
How much do companies advertising “we buy houses in Phoenix” pay?
Phoenix’s cash home-buying companies typically adhere to the 70% ARV rule. For example, if your home has a market value of $300,000 and requires $25,000 in roof repairs, you can anticipate a cash offer of approximately $185,000.
Are cash home-buying companies scams?
While many cash buyers, like Diamond Equity Investments, are reputable, being cautious is essential. Unfortunately, there are some unscrupulous operators. Verify that the offer you receive is authentic and genuinely worth your consideration.
What is the timeline for a cash sale of a house in Phoenix?
Typically, it can range from 7 to 30 days, contingent on the buyer and the unique circumstances of the sale. Notably, Diamond Equity Investments in Phoenix can finalize transactions in as little as 14 business days.
