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 (read more)
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 Detroit, Michigan
Average rating sits at 3.8 based on 42 reviews, with a strong response rate to feedback.
It's BBB accredited with an A+ rating, indicating strong credibility.
Some recent activity with two reviews in the past six months.
Active since 2019, and consistent customer reviews suggest a steady flow of business.
Partial transparency; provides team member names and photos, but lacks customer testimonials.
Our take: 🔵 Worth considering
Waymark Homes, established in 2019, is an accredited company with an A+ BBB rating. Despite a recent drop in its average rating within the last 6 months, it maintains a strong track record with no BBB complaints. The company is moderately active in the market and displays good response rate to reviews. However, it lacks customer testimonials which might affect its transparency. Despite this, Waymark Homes remains a viable option for home sellers.
High average rating of 4.9 from 31 reviews and it often responds to feedback.
Recent activity is high with 12 reviews in the last six months.
New on the scene in 2022, but has had a strong start with consistent customer reviews.
Demonstrates transparency with team member information and customer testimonials on its site.
Our take: 🔵 Worth considering
Wise Property Buyers is a recent entrant to the Wayne County real estate scene, starting in 2022. Although its BBB accreditation status is unknown, it has a high customer satisfaction score and is very active in the market. The company is transparent about its team and customer experiences, but has a shorter track record compared to more established companies. Wise Property Buyers is worth considering for quick home sales in the Livonia area.
High average rating of 5, but based on just 10 reviews, and does not respond to feedback.
BBB accredited with an A rating, indicating good credibility.
Short track record since beginning in 2022.
Minimal transparency, with no information about team members or customer testimonials on its site.
Our take: 🟣 Safe to consider
Amy Buys Houses MI for Cash is a newer company in the Wayne County area with an impressive A rating from the BBB. Despite being less transparent about its team and customer experiences, it maintains a perfect customer rating. The company isn't very active in the market currently, but it does respond well to customer reviews. It is a safe option to consider for those looking to sell their homes in Plymouth, Michigan.
Stellar average rating of 4.8 from 12 reviews with a decent response rate to feedback.
Limited recent activity, with only one review in the past six months.
Active since 2017, yet sparse customer reviews may indicate inconsistent business.
Demonstrates some transparency by showcasing team member names and photos on its site.
Our take: 🟣 Safe to consider
Money Team Properties is a home buying company active in Detroit's Wayne County area since 2017. Despite not having a BBB profile or customer testimonials, it maintains a high average rating. It is transparent about its team members and is active in the market. The company's track record and transparency scores are average, making it safe for consideration by those intending to sell homes in the Detroit area.
High average rating of 4.8 from 19 reviews but responds to less than a quarter of them.
Low recent activity with only two reviews in the past six months.
Active since 2021 with moderate consistency in customer interactions.
Lacks transparency due to no information about team members or customer testimonials.
Our take: 🟡 Use caution
Offer Now Michigan is a relatively new company that has been very active in the real estate market since 2021. It has a high customer rating, but lacks a BBB profile and does not offer information about its team or customer testimonials. Despite its aggressive market activity, it has a low response rate to customer reviews. With these mixed indicators, potential customers are advised to conduct additional research before engaging with this company.
High average rating of 5 based on only 5 reviews, and the company consistently responds to feedback.
No recent activity as there have been no reviews in the past six months.
New player in the market, being active only since 2023 and has limited customer interactions.
Partial transparency by displaying team member names and photos, but lacks customer testimonials.
Our take: 🟡 Use caution
Judy Buys Houses, based in Livonia, has a perfect customer rating, but with a very small number of reviews. The company has no BBB profile and its track record is not yet established, having started in 2023. It is not very active in the market and provides limited transparency, although it does share some team information. It's advised to approach this company with caution when considering to sell a home.
Receives a perfect average rating, however, it's based on only two reviews, and doesn't respond to them.
No recent activity with zero reviews in the last six months.
Starting in 2022, the lack of regular reviews suggests it doesn't get a lot of business.
Provides some transparency by showcasing team member names and photos, but lacks customer testimonials.
Our take: 🟡 Use caution
Sell Wise Properties is a very new company, established in 2022. It has a perfect customer satisfaction score, but with very few reviews. The company lacks a BBB profile and customer testimonials, but it is transparent about its team members. It hasn't shown activity in the market recently. As such, caution is advised while considering this company for selling homes.
It has a good average rating of 4.2 based on five reviews, but does not respond to them.
No recent activity as no reviews have been posted in the past six months.
It has a relatively long business history since 2017, but few customer reviews indicate infrequent business.
Partial transparency is evident as it discloses team member names and photos, but lacks customer testimonials.
Our take: 🟡 Use caution
Cash Flow Detroit operates in the Wayne County area and has been active since 2017. It has a relatively good customer rating but has not established a BBB profile. The company is somewhat transparent, providing some information about its team. However, it doesn't showcase customer testimonials and is not currently active in the market. Also, it doesn't respond to reviews. Therefore, it is advised to approach this company with caution.
High average rating of 4.9 based on nine reviews, but it does not respond to reviews.
Limited recent activity, with no reviews in the past six months.
Active since 2018, but few customer interactions indicate it doesn't get regular business.
Limited transparency due to lack of team member information and customer testimonials on its site.
Our take: ⚪ Not enough data
Detroit Fair Offer operates in the Wayne County area. Despite having a high average rating, it has limited reviews and no BBB profile. The company has also not shared any team information or customer testimonials, showing low transparency. Its recent market activity has also been low. Due to a lack of sufficient data, potential customers should collect more information before making a decision.
Weak transparency, with no team member or customer testimonial information available on its site.
Our take: ⚪ Not enough data
Rapid Home Offers is a company operating in the Wayne County area with an A+ BBB rating, even though it is not accredited. However, there is a lack of transparency about the team and customer experiences. Also, there isn't enough data available regarding its track record, recent activity, and customer reviews. Due to the limited information, potential customers should proceed with caution while considering this company.
Partial transparency with team member names and photos on its site, but lacks customer testimonials.
Our take: ⚪ Not enough data
Cash4Detroit, LLC is a cash home buying company in the Wayne County area. There is limited information available about this company, including its BBB accreditation status and customer ratings. It has not been very active in the real estate market recently and lacks a track record score. However, the company does provide some transparency by sharing team member names and photos. Due to the lack of data, it's advised to proceed with caution when dealing with this company.
Partial transparency with team member names and photos displayed on its site, but lacks customer testimonials.
Our take: ⚪ Not enough data
Property Cousins is a home buying company with limited available information. It lacks BBB accreditation and its track record score is unverified. On the positive side, the company is transparent about its team, providing both team member names and photos. However, there are no customer testimonials available, and its recent activity level in the market is unknown. Consumers should proceed with caution when dealing with this company.
Partial transparency, as it displays team member names and photos, but lacks customer testimonials.
Our take: ⚪ Not enough data
Cash Buyers Macomb - We Buy Houses Michigan is a cash home buyer company with unverified information regarding its track record and BBB accreditation. The company has been less transparent, offering limited information about their team and customer experiences. It is recommended to do further research and verify details about the company before proceeding.
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, Chesapeake 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.
10 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.
How we rank cash buyers
Data sources
Our research team evaluated 13 cash home buyers serving Detroit. It also compiled and analyzed 57,815 publicly available data points tied to past transactions, customer reviews, and more to evaluate each of the Detroit home buyers and create our final list and rankings.
Methodology
Our team used public business directories to identify every company serving the Detroit area 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.
Our team also highlighted the company's availability based on where it operates.
Local: Operates in Detroit
Statewide: Operates throughout Michigan
Multi-state: Operates throughout Michigan and at least one other state
Nationwide: Operates in all states
✍️ 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.
Clever Real Estate's content team created parts of this page with the assistance of an AI tool. Our team of humans researched the companies, collected and analyzed the data, and ranked the companies, then used AI to assist in writing about the companies. Our team fact-checked and edited the text, as it does for all of our content.