We Buy Houses company reviews | What they do | How they work | How much they pay | How much they cost | Pros and cons | Alternatives | FAQs
We Buy Houses companies in Florida offer cash to homeowners that need to sell quickly. We reviewed the top Florida We Buy Houses companies so you can shop around for an offer and make an informed decision.
🔑 Key Takeaways
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Top Florida We Buy Houses companies reviews
We Buy Houses companies and other cash buyers allow you to sell your home fast — sometimes in a week or less. We've pulled together some of your best options in Florida.
However, if you can wait longer than two weeks, you can sell your home for top dollar with a realtor — not the 70% value that most cash buyers offer. And, with companies like Clever, you can net even more from your sale with their pre-negotiated low commission rates.
A free consultation with a member of Clever's Concierge Team can help you assess your situation and find an agent who's experienced at selling homes quickly in Florida.
✍️ Editor’s note The information in the reviews below is publicly available. Unfortunately, though, We Buy Houses companies are not particularly transparent or willing to share information with non-clients. Our advice:
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House Heroes
House HeroesPhone Number
(954) 676-1846
Time to Offer
24 hours
Time to Sale
15 days
House Heroes is a local, Florida property investor that buys homes for cash in select cities across the state. To sell a home to House Heroes:
- Call directly, and receive an offer over the phone
- Expect to close on your own timeline
House Heroes primarily services South Florida, though also buys properties in parts of California, Massachusetts and more. Click here for the full list of offerings.
South Florida Cash Home Buyers
South Florida Cash Home BuyersPhone Number
(305) 458-8826
Time to Offer
24 hours
Time to Sale
7 days
South Florida Cash Home Buyers is a local, Florida property investor that buys homes for cash in Miami-Dade county. To sell your home with South Florida Cash Home Buyers:
- Fill out their online form or call them directly
- Set up a physical appointment and receive your offer after the walkthrough
- Expect to close in 7 days or on your own schedule
South Florida Cash Home Buyers is based in Miami Beach, and buys homes throughout Miami/Dade county.
As of May 2021, South Florida Cash Home Buyers has an average rating of 5/5 based on 9 customer reviews.
- Google: 5/5 (9 reviews)
Express Homebuyers
Express HomebuyersPhone Number
877-804-5252
Time to Offer
7 minutes
Time to Sale
7 days
Express Homebuyers is a national service that has partnered with local investors across the country to buy houses for cash.
Steps to sell with Express Homebuyers:
- Submit your home's information to receive an initial "as is" offer
- Meet with the local investor to assess your property and answer any questions
- Discuss the local investor's final cash offer and, if you're willing to sell, sign a sales agreement then and there
- Choose a closing day on your schedule
- Show up on the day of the sale to sign the paperwork and receive cash within hours
Express Homebuyers has partnered with local investors in the following states:
Florida Cash for Home
Florida Cash for HomePhone Number
(954) 637-2999
Time to Offer
7 minutes
Time to Sale
7 days
Florida Cash for Home is a local, Florida property investor that buys homes in Miami, Fort Lauderdale and Palm Beach. To sell your home with Florida Cash for Home:
- Call their direct line to receive an initial cash offer
- Set up a physical appointment and receive an updated offer after the walkthrough
- Expect to close in 7 days or on your own schedule
Florida Cash for Home buys homes throughout Miami-Dade, Broward and Palm Beach counties.
N/A — as of May 2021, no third-party review information was available for Florida Cash for Home.
We Buy Houses
Full ReviewTime to Offer
24-48 hours
Minimum Closing Time
7-14 days
Closing Costs
No cost to seller
Working with We Buy Houses is more likely to be positive than working with a local private real estate investor. We Buy Houses vets all of their investors and gives them an exclusive license to operate in their territory, so investors who use the brand name have an incentive to work hard in order to maintain their advantage.
While We Buy Houses doesn't exercise control over how much their investors offer, they do reserve the right to rescind licenses if investors don't meet their ethical standards.
Pros
- Offer in 24-48 hours
- Vetted, reputable real estate investors
- No need to worry about repairs
- Close in just seven days
Cons
- Little to no room for negotiation
- Individual investors have different strategies, so they may value your home differently
- Licenses are exclusive, so there is only one We Buy Houses option in your area
We Buy Houses has over 2,700 offices across 49 states.
Reviews online are only available on local Facebook pages.
The vast majority were positive, with customers saying that the We Buy Houses investor they worked with was fast and professional. The only negative review we found had to do with a customer who purchased a home from We Buy Houses and felt that the repairs they made before selling were cheap.
- Website: https://webuyhouses.com/
- Phone Number: (877) 932-8946
» LEARN: These are the best national We Buy Houses for Cash companies
What is a We Buy Houses company?
We Buy Houses companies and other cash buyers offer a fast solution for homeowners. They purchase houses “as-is” — that is, in their current condition, without any repairs or prep — and pay in cash.
These companies exist because the traditional home selling process doesn’t work for everyone. For example, in Florida, a typical home sale can take 120 days from listing to closing. Some homeowners can’t wait that long.
Further, these companies are another option for sellers with homes in such poor condition that they wouldn't qualify for financing from traditional buyers.
When to use a We Buy Houses company
For home sellers who need to sell in a hurry, want to avoid paying for repairs out of pocket, or are looking for a more convenient selling method, a cash buyer can be a great option.
But they're not right for everyone.
To ensure a profit, We Buy Houses for Cash companies in Florida make offers that are well under fair market value — about 30% less. On a $250,000 home, that means you'd lose out on around $75,000.
Put simply, the speed and convenience these companies offer don't always outweigh the hit you'll take to your bottom line. In many cases, you’re better off working with a full-service real estate agent on the open market to get the most value for your home.
Make more money selling your house!
Clever can match you with a full-service agent so you can sell fast and get top dollar for your home.
How a We Buy Houses company works
While the smaller details and timeline vary from company to company, We Buy Houses companies in Florida all share the same basic business model.
- An interested home seller reaches out directly to the cash buyer company
- The company assesses the property, focusing on factors like necessary repairs and potential resale value
- Based on the amount of time and money it will to need to invest in the property, the company makes an "as-is" cash offer
- If the homeowner accepts, the deal closes quickly because there's no need to negotiate, wait for financing approval, or inspect and appraise the property
- The cash buyer repairs the home and then resells it for a profit
The quick process benefits homeowners who don't have the resources or time for a traditional sale.
For perspective, according to realtor.com, houses typically spend 75 days on the market in Florida before the seller accepts an offer. Then there's the closing process, which takes between 30 to 45 days if the buyer is applying for a mortgage. That means it can take the typical seller up to 120 days to finalize the sale.
In comparison, some We Buy Houses for Cash companies in Florida can complete the whole process in as few as seven days.
Traditional Process | Cash Buyer Process | |
|---|---|---|
Prepping the House | Days to months, depending on the condition | None — these companies buy homes "as-is" |
Time to Offer | 75 days | 2 days or fewer |
Closing Process | 30-45 days | 7 days or fewer |
Ballpark vs. official offers
Many Florida We Buy Houses companies advertise that they'll send you an offer in as few as seven minutes. This is not an official offer.
After talking to a company representative, they'll give you a ballpark estimate of what they'll pay. Very few companies will make a binding offer sight-unseen — and if they do it'll be substantially lower to account for possible issues.
Once you schedule an in-person inspection, the company will present a legal offer, often on the spot.
Who actually buys your home
Some of the bigger, well-known We Buy Houses companies in Florida aren't actually buying your home. Instead, it's a network of local investors or the company simply refers interested sellers' information to local house flippers.
In these cases, how long the process takes will depend on the investors in your area.
For example, we called a few We Buy Houses companies that advertised offers in less than an hour… and none of them responded within that time frame.
We Buy Houses companies pros and cons
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❌ Cons
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Frequently-asked questions
What are the best alternatives to We Buy Houses companies?
- Sell through a low commission company, like Clever or Redfin
- Get an instant offer with an iBuyer, like OpenDoor
- Contact one of the top real estate agents in Florida
How much will We Buy Houses companies in Florida pay?
We buy houses companies use the 70% offer rule to ensure they'll make a profit. Basically, the 70% rule says the buyer shouldn't pay more than 70% of the home's After Repair Value (ARV) — what they hope to sell the house for — minus repairs.
On a Florida home that would sell for $150,000 on the open market, they may only pay $105,000. Selling a home that's worth $300,000? You may only see an offer for $210,000.
How much does selling a home to a We Buy Houses company in Florida cost?
On the surface, nothing. These companies don't charge you fees to buy your home. You'll also avoid many traditional selling costs, like realtor commissions and closing costs.
When you add all these expenses up, selling to a cash buyer can have significantly fewer upfront costs than a typical home sale. However, given the lower prices they offer, the savings don't always make up the difference. You could end up with much less in your pocket at the end of the day.
Here's how much a seller in Florida can walk away with using your state's median listing price of $351,529, average selling costs, and carrying costs (that is, the daily cost of owning a home, including utilities, mortgage, and taxes).
Selling to a We Buy Houses Company | Selling with a Traditional Realtor | Selling with Clever | |
|---|---|---|---|
Home value* | $210,917^ | $351,529 | $351,529 |
Repair costs** | $0 | $5,000 | $5,000 |
Seller concessions | $0 | $7,382 | $7,382 |
Staging costs** | $0 | $1,409 | $1,409 |
Closing costs | $0 | $7,031 | $7,031 |
Carrying costs | $592 | $2,220 | $1,783 |
Commissions and service fees | $0 | $18,905 | $12,972 |
Take Home | $210,325 | $309,582 | $315,952 |
*Based on the average listing price for the last 12 months (realtor.com) ^70% rule and assuming the house needs 10% of its ARV in repairs **Based on HomeAdvisor national average | |||
Are We Buy Houses for Cash companies scams?
In general, We Buy Houses companies in Florida are not out to scam you. Some are national franchises and others are family-owned. In both cases, they rely on their reputation to close deals, so there is little incentive to scam people.
That being said, as with any industry, there are bad apples. If a "cash buyer" approaches you, check that they have an established web presence and customer reviews before giving them your personal information.
Also read all the fine print on any contract they present. Look up words or terms you don't understand. And never assume the contract says what you agreed to verbally.
Most importantly, look at the contract's contingencies. These are the conditions that allow the buyer to back out of the sale or change terms. Unless you understand the contingencies, you could be taken advantage of.