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 Maine offer cash to homeowners that need to sell quickly. We reviewed the top Maine We Buy Houses companies so you can shop around for an offer and make an informed decision.
- We Buy Houses companies can help you sell fast, but they're not a great deal in most cases
- You'll only get about 70% of the actual fair market value of your home by selling to one of these companies
- You should compare offers from We Buy Houses companies and iBuyers in your area to make sure you get a fair price. Get offers from top local cash home buyers now!
Top Maine 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 Maine, but we recommend using Clever Offers if you want to get the most value for your home.
With Clever Offers, a local agent can shop for cash offers from the top We Buy Houses companies in Maine on your behalf. You'll also get a professional home valuation so you know what your home is REALLY worth. Your agent can negotiate to get you a fair deal, or list your home on the open market if you want a higher sale price.
✍️ 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.
Time to offer
Time to sale
We Buy Houses vets all of its investors and gives them an exclusive license to operate in its territory, so investors who use the brand name have an incentive to work hard in order to maintain their advantage. The company provides offers in just one to two days and can close in a few weeks.
We Buy Houses is a national property investor that buys homes for cash throughout the U.S. To sell your home to We Buy Houses, you can:
- Submit an online form, giving details about your property
- Set up an appointment for an investor to view your home
- Receive a no-obligation offer
- Choose a closing date and sell your home
We Buy Houses operates in 200 markets in over 30 states.
Reviews online are available only for local franchises.
The vast majority are positive, with customers saying that the We Buy Houses investor they worked with was fast and professional.
Time to offer
Time to sale
We Buy Ugly Houses is a nationally recognized brand with a solid reputation. The company has over 800 franchises across the U.S., so be sure to check reviews for the individual location you plan to contact.
We Buy Ugly Houses is a property investor that buys homes for cash in over 800 locations across the U.S. To sell your home to We Buy Ugly Houses you can:
- Submit information about your property online or by phone and set up an appointment for an investor to see your home
- Show your home to the investor and receive a no-obligation offer
- Set a closing date on your own schedule as soon as 3 weeks after accepting the offer
We Buy Ugly Houses has over 800 independently owned and operated franchises across 47 states and Washington, DC.
We Buy Ugly Houses's parent company, Homevestors, has an A+ rating on the Better Business Bureau. No other third-party reviews are available at this time.
This rating is based on overall national data. Research local franchises for specific reviews that reflect their quality of service.
Time to Offer
Time to Sale
Seacoast Property Solutions is a local, Maine property investor that buys homes for cash in select cities across the state. To sell your home to Seacoast Property Solutions, you can:
- Call directly or fill out an online questionnaire to provide basic details about your property
- Host an in-person inspection to finalize offer details
- Receive a cash offer within 24 hours
Seacoast Property Solutions operates primarily in Maine, though it also buys houses in New Hampshire.
Time to Offer
Time to Sale
NeedtoSellMyHouseFast.com is a cash buyer operating in several states across the U.S. with generally positive reviews.
Need to Sell My House Fast buys homes for cash throughout the United States. To sell your house to Need to Sell My House Fast, you can:
- Meet with a representative in person and ask questions
- Read the background research and market analysis made to accompany the initial offer
- Take as much time as you need to consider their offer
Need to Sell My House Fast buys homes across the country. Some of their serviced states include:
NeedToSellMyHouseFast.com received an average of 4.3 stars from 23 customer reviews.
Facebook: 4.3 stars/23 reviews
Time to Offer
Time to Sale
Finally Sold is a national buyer with a network of local investors buying homes across the U.S. The company has an A+ rating with the Better Business Bureau.
Finally Sold is a national service that has partnered with local investors across the country to buy houses for cash.
Steps to sell with Finally Sold:
- Call Finally Sold's toll free line or submit a form on Finally Sold's website to schedule a visit with a home buying consultant
- Meet with the Finally Sold consultant at the scheduled time and show your home. This process can be done in as little as fifteen minutes, and no repairs beforehand are needed
- Sit down with the Finally Sold consultant to discuss options to sell your home. If the consultant believes your home is worth investing in, they will present a cash offer
- If you accept the offer, you will immediately be given the proper paperwork, and you will be asked to schedule a date to close on the sale
- Sign the proper paperwork at the time of closing and receive your payment
Finally Sold has partnered with local investors in the following states:
Finally Sold received an average of 4 stars from 3 customer reviews. It's accredited by the Better Business Bureau and it has an A+ rating.
Google: 5 stars/1 review
Yelp: 3 stars/2 reviews
» 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 Maine, a typical home sale can take 97 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 Maine 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.
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 Maine 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 52 days on the market in Maine 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 97 days to finalize the sale.
In comparison, some We Buy Houses for Cash companies in Maine can complete the whole process in as few as seven days.
Cash Buyer Process
Prepping the House
Days to months, depending on the condition
None — these companies buy homes "as-is"
Time to Offer
2 days or fewer
7 days or fewer
Ballpark vs. official offers
Many Maine 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 Maine 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
What are the best alternatives to We Buy Houses companies?
Working with a We Buy Houses company isn’t a great option for most sellers due to how much you stand to lose with a lower purchase price. Instead, selling with a low commission company, like Clever, is a better way to sell your home for top dollar while also saving on realtor fees.
How much will We Buy Houses companies in Maine 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 Maine 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 Maine 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 Maine can walk away with using your state's median listing price of $366,596, 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
Commissions and service fees
*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 Maine 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.