The best We Buy Houses companies in Jacksonville | How they work | Costs | Pros and cons | Alternatives | FAQs
When you need to sell your house fast or can't afford massive repairs, selling to a We Buy Houses for Cash company may be your only option. In Jacksonville, it can take 83 days to sell your home with a traditional agent. Compare that to a cash buyer that can complete the transaction in one to two weeks, with no out-of-pocket expenses.
Unfortunately, you’ll get (at most) 70% of your true home value from a We Buy Houses company. Many sellers can make far more on their home sale with a different approach.
For example, if you have an extra two to three weeks to sell, Clever can connect you with a full-service real estate agent with a proven track record of selling homes in your area quickly and for top dollar. Clever also pre-negotiates lower commission fees of 1% or $3K with its network of agents.
Top Jacksonville We Buy Houses companies
We've compiled objective, public information from cash buyer companies in Jacksonville to help you compare options and make an informed decision.
✍️ Editor’s note These businesses make few public disclosures, so it can be difficult to find information. We recommend contacting multiple companies for terms and offers on your property to get the best deal. |
JWB Home Buyers
JWB Home BuyersPhone Number
(904) 333-3333
Time to Offer
15 minutes
Time to Sale
3 days
JWB Home Buyers is a local, Florida property investor that buys homes for cash in the Jacksonville area. To sell a home to JWB Home Buyers:
- Fill out their online form on their website and receive a cash offer in 15 minutes or less
- Be prepared to close on your home quickly - as soon as 3 days later.
JWB Home Buyers buys houses in Northeast Florida, but other areas of Florida may also be serviced. Call directly if you're unsure and would like to work with them.
Jax Home Offer
Jax Home OfferPhone Number
(904) 537-9995
Time to Offer
24 hours
Time to Sale
7 days
Jax Home Offer is a local, Florida property investor that buys homes for cash in the Jacksonville area. To sell a home to Jax Home Offer:
- Fill out their online form on their website or call directly for a no-obligation cash offer.
- Close in as few as 7 days - or whenever works with your schedule.
Jax Home Offer services Jacksonville and surrounding areas. Check their website for a full list of locations.
Buying Jax Homes
Buying Jax HomesPhone Number
(904) 366-9174
Time to Offer
Varies
Time to Sale
Varies
Buying Jax Homes is a local, Florida property investor that buys homes around Jacksonville. To sell a home to Buying Jax Homes:
- Fill out their online form on their website or call directly for a no-obligation cash offer.
- Close on your own schedule - pending a home evaluation.
Buying Jax Homes services Jacksonville and the immediate surrounding areas.
Henry Buys Homes
Henry Buys HomesPhone Number
(904) 878-2473
Time to Offer
Varies
Time to Sale
7 days
Henry Buys Homes is a local, Florida property investor that buys homes around Jacksonville. To sell a home to Henry Buys Homes:
- Fill out their online form to receive an initial cash offer.
- Following a home inspection, opt to close in as few as 7 days or walk away with no consequence.
Henry Buys Homes buys homes across Northeast Florida with a focus on Jacksonville and the immediate surrounding areas.
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:
How We Buy Houses Companies work
Traditional Listing Process | We Buy Houses for Cash Process | |
|---|---|---|
Prepping the House | 1 to 8 weeks | Immediate |
Time to Offer | 38 days* | 2-3 days |
Closing Process | 30-45 days | 7-10 days |
Minimum Time to Sell | 83** days | 7-10 days |
*Days on market based on Realtor.com metro-level data **Assuming you can find a buyer who will buy your home as-is allowing you to avoid spending time on repairs. | ||
To buy homes quickly and make a profit, most We Buy Houses for Cash companies in Jacksonville use the same process:
- A homeowner submits information about their property, and the cash buyer decides if the home fits their criteria for a profitable investment. If the house fits the investor's criteria, they may give the seller a rough estimate of what they'll pay.
- A representative from the company will evaluate the property and, based on the repair costs and resale value, they'll make a cash offer.
- If the seller accepts, closing happens quickly; there's no need for inspections, appraisals, or financing approval.
- The Jacksonville We Buy Houses for Cash company makes repairs and sells it, earning a substantial profit.
Compare this speedy process with the traditional home selling process:
- If your home needs extensive repairs, it can take months (and tens of thousands of dollars) to complete.
- In Jacksonville, a home typically spends 38 days on the market before the seller receives an offer.
- The closing process can take an additional 30-45 days if the buyer applies for a traditional mortgage. You'll have to deal with appraisals, inspections, and further negotiations with the buyer.
- If financing is denied, or another issue occurs with the buyer, the house has to go back on the market and the cycle starts again.
Jacksonville We Buy Houses companies pros and cons
We Buy Houses for Cash companies are an extremely beneficial option for certain sellers like:
- Homeowners facing foreclosure
- People who've inherited unwanted property
- Homeowners who can't afford extensive repairs
- Homeowners who need to sell fast, due to divorce or other issues
Pros of using We Buy Houses companies
- Cash offers mean speed and certainty: The longest portion of the home selling process involves buyer financing. Cash buyers don't need to go through this lengthy process, though, since they have access to immediate capital.
- No need for repairs: These companies make lower offers to account for repair costs. This solves the difficult problem of finding a buyer if you’re selling as-is on the open market.
- Lower costs: Selling a house is expensive. There are associated costs like concessions, carrying costs, and commissions that reduce a seller's profits. We Buy Houses companies allow sellers to avoid those costs.
💰 Homeowners can usually avoid these expenses by selling to a cash buyer:
|
Cost to sell to a cash buyer vs. a traditional sale
Traditional Sale | We Buy Houses for Cash Company | |
|---|---|---|
Closing Costs | 1-3% | 0% |
Seller Concessions* | 1.8-2.4% | 0% |
Agent Commissions* | 5.4% | 0% |
Carrying Costs** | $74 per day ($5,032 total) | $74 per day ($740 total) |
*Florida seller concessions and commission rates based on a Clever survey of 500+ real estate agents **Carrying costs based on data from the U.S. Census, Insurance.com, Move.org, WalletHub, and Clever Real Estate | ||
Cons of using We Buy Houses companies
- Take-it-or-leave-it offers: There is no negotiating with We Buy Houses for Cash companies. Their representatives evaluate your home and necessary repairs to arrive at a price. If you disagree, your only option is to walk away.
- Predatory tactics: Often, homeowners who consider using these companies are facing difficult life situations. Some "opportunity investors" take advantage of these situations and pressure sellers to accept low offers.
- Lower offers: Even by avoiding other selling costs, selling to a We Buy Houses company still leads to a lower take-home amount because their offers are never more than 70% of after-repair value (ARV).
Consider an example where the home needs 10% of its ARV in repairs. If you sold to a cash buyer, they would deduct that from their offer. If you sold with an agent you could cover that 10% in a variety of ways (by offering lower price, repair credits, etc.).
Selling to a We Buy Houses Company | Selling with a Traditional Realtor | |
|---|---|---|
Sale Price* | 70% max | 100% |
Repair Costs | 10% | 10% |
Closing Costs | 0% | 1-3% |
Seller Concessions | 0% | 2.10% |
Commissions/Service Fees | 0% | 5.4% |
Max Take Home | 60% max | 79% max |
*Compared to fair market value | ||
Alternatives to We Buy Houses companies in Jacksonville
We Buy Houses for cash companies are never your only option. It's important to weigh all important factors (like time to sell, take-home amount, and convenience) before making a decision.
Let's look at a breakdown of how much a seller in Jacksonville could walk away with through three different options: selling to a cash buyer, selling with a traditional realtor, and selling with a discount real estate company like Clever.
We'll use the median listing price in Jacksonville, which is $349,000, and relevant selling cost rates (closing costs, repair costs/credits, carrying costs, etc.)
Jacksonville home selling cost breakdown
We Buy Houses | Traditional Realtor | Clever Real Estate | |
|---|---|---|---|
Sale Price* | $244,300☨ | $349,000 | $349,000 |
Seller Concessions | $0 | $7,329 | $7,329 |
Staging Costs^ | $0 | $1,409 | $1,409 |
Closing Costs | $0 | $6,980 | $6,980 |
Carrying Costs | $740 | $5,032 | $4,003** |
Commissions/Service Fees | $0 | $18,769 | $12,389 |
Take Home | $243,560 | $274,581 | $281,990 |
*Based on data from realtor.com ☨Based on the 70% rule and assuming the house needs 10% of its ARV in repairs ^Based on HomeAdvisor nationaal average **Based on the average time it takes for homes listed with Clever to receive an offer 24.1 days and a 30-day closing process | |||
As you can clearly see in the table above, We Buy Houses companies help people quickly sell their homes. However, your other options are much better in the long run, so if you have time, using a We Buy Houses company is almost never the best option.
Frequently asked questions about Jacksonville We Buy Houses companies
How much will We Buy Houses for Cash companies pay in Jacksonville?
As real estate investors, cash buyer companies need a buffer that increases their chances of a profit. This is where the 70% rule comes in.
Essentially, the 70% rule says a cash buyer shouldn't pay more than 70% of the property's After Repair Value (ARV) — what they hope to sell the house for in a fair market — minus repairs. This gives them some wiggle room if the house's condition is worse than suspected or it takes longer to resell the home.
Are We Buy Houses for Cash companies scams?
Most cash buyers are legitimate companies that have been buying homes in their communities for years. But there are bad apples.
Don't be taken advantage of.
Make sure the offer you receive is legitimate and worth your consideration:
- Never sign a contract without reading it or when you feel pressured to do so.
- Check online reviews of the company. Note that many of these companies have similar names, so double-check that you're looking at the right one.