3 Best Cash Home Buyers in Rhode Island

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By Chelsi Hewitt Updated April 18, 2024
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Edited by Lindsay Stefan

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We ranked 3 cash home buyers who buy homes in Rhode Island. Read on for the full list of companies, or use our tool to compare cash offers from vetted buyers in your zip code.

About cash home buyers
  • Rhode Island cash home buyers will buy almost any property, including homes that need repairs or homes with complicating factors, like title issues or tax defaults, that could make a regular sale difficult.
  • Cash home buyers typically pay in cash, so they can often help you sell your house faster than a conventional buyer who has to wait to get approved for a mortgage — sometimes within just a few days.
  • Buying complicated properties quickly brings a lot of risk, so these investors typically pay less for homes than you would get in an open market sale, to ensure they don’t end up taking a loss.
  • This tradeoff can be well worth it for sellers who need speed, certainty, privacy, or problem-solving to get a deal done. Just make sure to thoroughly vet any cash home buyer and get multiple offers to compare. It's also worth considering alternatives like selling with a low commission realtor.
Cash home buyer alternatives
  • If you need to sell fast or on a very specific timeline and your home is relatively new and in good condition, you may want to consider an iBuyer instead. iBuyer companies offer similar speed and flexibility but pay closer to fair-market value.
  • If you have a bit of timeline flexibility, it’s worth finding a real estate agent to get a free comparative market analysis so you know what you could get for your home on the open market. Listing with an agent means less control over timing but will generally net you the most money in the end.

Top companies that buy houses for cash in Rhode Island

Company
Customer Rating
TrustScore
BBB Status
Active Since
5.0
37 reviews
46
🟣 Safe to consider
Unverified
2022
5.0
25 reviews
41
🟣 Safe to consider
Unverified
2021
4.6
11 reviews
34
🟡 Use caution
Unverified
2020

Explore all Rhode Island cash home buyers

Warwick cash home buyer

Lyon Home Buyers

Visit Site
5.0
37 reviews

TrustScore

46

BBB Status

Unverified

Active Since

2022

At a glance

Full analysis

Reviews

Company info

Things to know: 17 reviews and 5 average rating in past 6 months | Excellent 5 rating with 37 reviews | Active for more than 3 years, with 21 months of verified activity | New customer review activity in 62% of months

Potential concerns: Responds to a low percentage of customer reviews | Does not respond quickly to customer reviews | Website missing important credibility signals | No verified BBB profile

Clever TrustScore 46 🟣 Safe to consider 
Customer score 63
Total reviews 37
Average rating 5.0
Review response rate 27%
7-day response rate 27%
BBB score 20
Has BBB profile Unverified
BBB accredited Unverified
BBB rating Unverified
BBB complaints Unverified
Activity score 100
Reviews in past 6 months 17
Average rating in past 6 months 5.0
Months since last review 0
Track record score 75
Total number of months active 21
% of total months with activity 62%
Website credibility score 0
Names No
Photos No
Testimonials No

RatingTotal reviews
Overall5.037
Google5.037

Availability: Kent County area

Website: lyonhomebuyers.com

Additional Info: Offers online appointments; Offers onsite services

North Providence cash home buyer

Tony Lanni Realtor

Visit Site
5.0
25 reviews

TrustScore

41

BBB Status

Unverified

Active Since

2021

At a glance

Full analysis

Reviews

Company info

Things to know: 1 reviews and 5 average rating in past 6 months | Excellent 5 rating with 25 reviews | Active for more than 4 years, with 39 months of verified activity | Responds to 68% of customer reviews within 7 days

Potential concerns: Responds to a low percentage of customer reviews | Website missing important credibility signals | No verified BBB profile | Limited verifiable company track record

Clever TrustScore 41 🟣 Safe to consider 
Customer score 68
Total reviews 25
Average rating 5.0
Review response rate 68%
7-day response rate 68%
BBB score 20
Has BBB profile Unverified
BBB accredited Unverified
BBB rating Unverified
BBB complaints Unverified
Activity score 84
Reviews in past 6 months 1
Average rating in past 6 months 5.0
Months since last review 0
Track record score 38
Total number of months active 39
% of total months with activity 5%
Website credibility score 0
Names No
Photos No
Testimonials No

RatingTotal reviews
Overall5.025
Google5.025

Availability: North Providence area

Website: tonylannirealtor.com

Additional Info: Offers online appointments

Providence cash home buyer

401HomeBuyers

Visit Site
4.6
11 reviews

TrustScore

34

BBB Status

Unverified

Active Since

2020

At a glance

Full analysis

Reviews

Company info

Things to know: Good 4.6 rating with 11 reviews | Active for more than 5 years, with 49 months of verified activity | New customer review activity in 20% of months

Potential concerns: Responds to a low percentage of customer reviews | Does not respond quickly to customer reviews | Website missing important credibility signals | No verified BBB profile

Clever TrustScore 34 🟡 Use caution 
Customer score 44
Total reviews 11
Average rating 4.6
Review response rate 64%
7-day response rate 45%
BBB score 20
Has BBB profile Unverified
BBB accredited Unverified
BBB rating Unverified
BBB complaints Unverified
Activity score 59
Reviews in past 6 months 3
Average rating in past 6 months 3.7
Months since last review 0
Track record score 63
Total number of months active 49
% of total months with activity 20%
Website credibility score 0
Names No
Photos No
Testimonials No

RatingTotal reviews
Overall4.611
Google4.611

Availability: Providence County area

Website: 401homebuyers.com

Find Rhode Island cash home buyers near you

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Related articles and resources

What you should know about cash home buyers

  • Cash home buyers can be useful if you have a complicated home sale, you want to sell your house fast, you've inherited a house, or you have goals that would be difficult to achieve selling with a real estate agent on the open market. Your options, offer prices, and closing speed will depend on your situation.
  • You may need to contact numerous cash buyers to get workable offers. Cash buyers are investors with varying budgets, goals, and constraints. Some will pay cash for almost any home under any circumstance at any time. Others specialize in locations, price ranges, property types, or situations. 
  • Cash offers will be unique to your home. How much "we buy houses for cash" companies will pay — and how fast they can close — depends on the home and situation. Investors can pay more for turnkey properties than those in need of major repairs
  • The selling process is condensed. Some companies that buy houses for cash can close deals within 2–3 days. However, houses with complicated legal issues could take months to close.
  • Most cash home buyers pay closing costs. You won't have to pay any unexpected fees on your closing date. Companies that buy houses for cash usually factor the seller's closing costs into their offer. 
  • Requesting a cash offer is always free, and there’s zero obligation to accept it. You may not get the fair market value many sellers get using a real estate agent. But you decide if you're offered a fair price and if the terms are acceptable based on your situation. If you feel pressured to accept an offer, walk away. If you suspect a scam or financial exploitation, the Consumer Financial Protection Bureau recommends you report it to the Federal Trade Commission and take these additional steps.

How to choose a cash home buyer and get good offers

  • Make sure the cash buyer is legit. Stick to buyers with credible websites that include owner information and video testimonials from real customers. Look for a solid number of legitimate positive customer reviews on established, external platforms like Google. Also, look for companies with Better Business Bureau (BBB) profiles accredited with A+ ratings. 
  • Verify the buyer has the funds. Ask the buyer for an official proof of funds (POF) letter from their bank. Experienced and legitimate cash home buyers will expect this question or provide the POF without you even asking. The cash buyer should also provide a sufficient earnest money deposit (usually 1–2% of the sale price) when you go under contract, which represents their commitment to the sale.
  • Get multiple cash offers. Just like when getting quotes from contractors or shopping for the best mortgage rates, getting several offers from legit "we buy houses for cash" companies to compare and choose from will help you get the best terms and outcome.

Selling a House As-Is: What You Need to Know: Deciding whether to fix up your house or sell it "as is"? Should you fix up the imperfections or sell as is? Find out here.

Best Companies That Buy Houses for Cash: Our team spent hundreds of hours researching "we buy houses" companies and iBuyers. Many of these companies have local franchises throughout the nation.

Are 'We Buy Houses' Companies a Rip-Off? Here's What Customers Say: 'We buy houses' companies can sound like a rip-off — but it depends on how you look at it. See what customers say about working with cash buyers, plus how to spot a scam!

How we rank cash buyers

Data sources

Our research team evaluated 3 cash home buyers serving Rhode Island. It also compiled and analyzed 130,759 publicly available data points tied to past transactions, customer reviews, and more to evaluate each of the Rhode Island home buyers and create our final list and rankings.

Methodology

Our team used public business directories to identify every company serving Rhode Island calling itself a cash home buyer. We filtered that list and ranked the top options based on the following criteria: 

  • Credibility: Is the company a legitimate and safe option? Before we recommend any company, we assess its owners and/or team members, customer testimonial videos, Better Business Bureau status, total Google reviews, and the legitimacy of those reviews. 
  • Activity: Is the company actively buying a large number of homes? We consider Google and BBB reviews an indicator of sales activity. We examine how many reviews the company has had in the past six months and whether the company responds to its reviews. 
  • Satisfaction: Are sellers generally happy with their experience and outcome? We gauge how compassionate, helpful, fair, and reliable a cash home buyer is by evaluating its Google and BBB reviews for average rating, total reviews, and negative reviews.

✍️ Editor’s note: We don't disqualify a company for limited or missing data, but we do lower the company’s ranking. We base our rankings on objective measurements and can only measure what we see. We regularly search for missing data to update our rankings accordingly.

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