We ranked 6 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
Explore all Rhode Island cash home buyers
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BBB Status
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Company info
- Impressive high average rating of 5 based on 24 reviews, and it responds well to feedback.
- Very recent activity with 11 reviews in the past six months.
- Short track record since 2022, but it has consistent customer interactions.
- Lacks transparency with no team member information or customer testimonials available on its site.
TrustScore
BBB Status
Active Since
At a glance
Full analysis
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Company info
- High average rating of 5 based on 25 reviews, and it responds to most of them.
- Limited recent activity, with no reviews in the past six months.
- Short track record since 2021, but regular customer interactions suggest it gets steady business.
- Lacks transparency, with no team member information or customer testimonials on its site.
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BBB Status
Active Since
At a glance
Full analysis
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Company info
- Excellent average rating of 5 stars, but based on only nine reviews.
- Limited recent activity, with only two reviews in the past six months.
- Short track record since 2020, and infrequent reviews suggest it doesn't get a lot of business.
- Lacks transparency, with no team member information or customer testimonials on its site.
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BBB Status
Active Since
At a glance
Full analysis
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- Has a perfect 5-star rating, but only based on a single review.
- Very low recent activity with no reviews in the past six months.
- Not much of a track record since its establishment in 2021 with minimal customer interactions.
- Lacks transparency, with no team member information or customer testimonials on its site.
TrustScore
BBB Status
Active Since
At a glance
Full analysis
Reviews
Company info
- Impressive 5-star average rating, yet it's based on a very limited 9 reviews.
- Limited recent activity with no new reviews in the last six months.
- Active since 2019, but the limited reviews suggest that this company doesn't get a lot of business.
- Lacks transparency with no team member information or customer testimonials on its site.
TrustScore
BBB Status
Active Since
At a glance
Full analysis
Reviews
Company info
- Perfect average rating based on three reviews, but doesn't consistently respond to feedback.
- No recent activity, with no new reviews in the past six months.
- New to the scene in 2022, therefore doesn't have a long track record.
- Lacks transparency; provides no team member information or customer testimonials on its site.
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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.
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How we rank cash buyers
Data sources
Our research team evaluated 6 cash home buyers serving . It also compiled and analyzed 55,655 publicly available data points tied to past transactions, customer reviews, and more to evaluate each of the home buyers and create our final list and rankings.
Methodology
Our team used public business directories to identify every company serving the 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.
✍️ 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.