6 Best Cash Home Buyers in Rhode Island

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By Chelsi Hewitt Updated April 18, 2024
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Edited by Lindsay Stefan

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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

Company
Customer Rating
TrustScore
BBB Status
Active Since
5.0
24 reviews
35.9
🟡 Use caution
Unverified
2022
5.0
25 reviews
32.9
🟡 Use caution
Unverified
2021
5.0
9 reviews
22.3
🟡 Use caution
Unverified
2020
5.0
1 review
15.7
⚪ Not enough data
Unverified
2021
5.0
9 reviews
15.7
⚪ Not enough data
Unverified
2019
5.0
3 reviews
13.8
⚪ Not enough data
Unverified
2022

Explore all Rhode Island cash home buyers

Warwick cash home buyer

Lyon Home Buyers

Visit Site
5.0
24 reviews

TrustScore

35.9

BBB Status

Unverified

Active Since

2022

At a glance

Full analysis

Reviews

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.

Our take: 🟡 Use caution

Lyon Home Buyers is a new company in the Kent County area, active since 2022. Although it has a perfect customer rating, it lacks a BBB profile and offers no transparency about its team or customer testimonials. However, it is very active in the real estate market. While it has potential, the lack of transparency and customer feedback suggests consumers should approach this company with caution.

🏠 Get cash offers now: Clever makes cash buyers compete to bid on your home so you get the best price. Click here to compare cash offers in minutes.

Red flags

  • Responds to a low percentage of customer reviews
  • Does not respond quickly to customer reviews
  • Website does not list names of employees
  • Website does not include photos of owners or employees

Full breakdown

Customer score: 3.2

  • 5 average customer rating
  • 24 reviews, indicating high customer satisfaction
  • Responds to reviews 42% of the time

BBB profile: 0.0

  • No BBB profile

Recent activity: 5.0

  • 11 reviews in the past 6 months
  • 1 month since the last review

Track record: 1.9

  • Active since 2022
  • 56% of months get new customer reviews

RatingTotal reviews
Overall5.024
Google5.024

Availability: Kent County area

Website: lyonhomebuyers.com

Additional Info: Offers online appointments; Offers onsite services

North Providence cash home buyer

Tony Lanni Realtor

Visit Site
5.0
25 reviews

TrustScore

32.9

BBB Status

Unverified

Active Since

2021

At a glance

Full analysis

Reviews

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.

Our take: 🟡 Use caution

Tony Lanni Realtor, based in North Providence, Rhode Island, has a perfect customer rating, but with limited reviews. There's no BBB profile and the company doesn't offer transparency about its team or customer testimonials. While it has a decent review response rate, its lack of recent activity in the market may raise concerns. Approach this company with caution when considering selling your home.

🏠 Get cash offers now: Clever makes cash buyers compete to bid on your home so you get the best price. Click here to compare cash offers in minutes.

Red flags

  • Responds to a low percentage of customer reviews
  • Website does not list names of employees
  • Website does not include photos of owners or employees
  • Website does not include any video testimonials from real customers

Full breakdown

Customer score: 3.4

  • 5 average customer rating
  • 25 reviews, indicating a good customer base
  • Responds to reviews 68% of the time

BBB profile: 0.0

  • No BBB profile

Recent activity: 0.0

  • 0 reviews in the past 6 months
  • 12 months since the last review

Track record: 1.9

  • Active since 2021
  • 6% of months get new customer reviews

RatingTotal reviews
Overall5.025
Google5.025

Availability: North Providence area

Website: tonylannirealtor.com

Additional Info: Offers online appointments

Providence cash home buyer

401HomeBuyers

Visit Site
5.0
9 reviews

TrustScore

22.3

BBB Status

Unverified

Active Since

2020

At a glance

Full analysis

Reviews

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.

Our take: 🟡 Use caution

401HomeBuyers is a real estate company based in Providence County. Despite a perfect customer satisfaction score, it lacks BBB accreditation and has limited transparency. The company has not shared any team member information or customer testimonials. However, it's quite active in the local market. Because of its lack of transparency and customer feedback, consumers should approach this company with caution.

🏠 Get cash offers now: Clever makes cash buyers compete to bid on your home so you get the best price. Click here to compare cash offers in minutes.

Red flags

  • Low number of customer reviews
  • Responds to a low percentage of customer reviews
  • Website does not list names of employees
  • Website does not include photos of owners or employees

Full breakdown

Customer score: 1.5

  • 5 average customer rating
  • 9 reviews, indicating a small but satisfied customer base
  • Responds to reviews 67% of the time

BBB profile: 0.0

  • No BBB profile

Recent activity: 4.6

  • 2 reviews in the past 6 months
  • 1 month since the last review

Track record: 1.9

  • Active since 2020
  • 18% of months get new customer reviews

RatingTotal reviews
Overall5.09
Google5.09

Availability: Providence County area

Website: 401homebuyers.com

Cranston cash home buyer

Buy Rhode Island

Visit Site
5.0
1 review

TrustScore

15.7

BBB Status

Unverified

Active Since

2021

At a glance

Full analysis

Reviews

Company info

  • 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.

Our take: ⚪ Not enough data

Buy Rhode Island is a recently established home buying company in the Providence County area. The company lacks a BBB profile and does not provide much transparency about its team or customer experiences. Its activity in the market is currently low, and there's a lack of customer reviews. With such limited data, potential sellers should take caution when considering this company.

🏠 Get cash offers now: Clever makes cash buyers compete to bid on your home so you get the best price. Click here to compare cash offers in minutes.

Red flags

  • Low number of customer reviews
  • Responds to a low percentage of customer reviews
  • Does not respond quickly to customer reviews
  • Website does not list names of employees

Full breakdown

Customer score: 1.3

  • 5 average customer rating
  • 1 review, indicating a newer company
  • No responses to customer reviews

BBB profile: 0.0

  • No BBB profile

Recent activity: 0.0

  • 0 reviews in the past 6 months
  • 36 months since the last review

Track record: 1.9

  • Active since 2021
  • 3% of months get new customer reviews

RatingTotal reviews
Overall5.01
Google5.01

Availability: Providence County area

Website: buyrhodeisland.com

Greenville cash home buyer

Ocean State Buyers (We buy houses Fast)

Visit Site
5.0
9 reviews

TrustScore

15.7

BBB Status

Unverified

Active Since

2019

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.

Our take: ⚪ Not enough data

Ocean State Buyers, operating in the Providence County area since 2019, has a top customer rating but lacks extensive customer feedback. The company doesn't have a BBB profile, and it hasn't been transparent about its team or customer testimonials. Additionally, it hasn't been recently active in the market. Due to limited data, it's challenging to fully evaluate this company. Potential customers should gather more information before proceeding.

🏠 Get cash offers now: Clever makes cash buyers compete to bid on your home so you get the best price. Click here to compare cash offers in minutes.

Red flags

  • Low number of customer reviews
  • Responds to a low percentage of customer reviews
  • Does not respond quickly to customer reviews
  • Website does not list names of employees

Full breakdown

Customer score: 1.3

  • 5 average customer rating
  • 9 reviews, indicating a small customer base
  • No responses to customer reviews

BBB profile: 0.0

  • No BBB profile

Recent activity: 0.0

  • 0 reviews in the past 6 months
  • 23 months since the last review

Track record: 1.9

  • Active since 2019
  • 8% of months get new customer reviews

RatingTotal reviews
Overall5.09
Google5.09

Availability: Providence County area

Website: oceanstatebuyer.com

Additional Info: Offers online appointments; Offers onsite services

East Providence cash home buyer

RI Home Buyers

Visit Site
5.0
3 reviews

TrustScore

13.8

BBB Status

Unverified

Active Since

2022

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.

Our take: ⚪ Not enough data

RI Home Buyers is a new company in the Providence County area with a perfect customer rating, albeit with very few reviews. It lacks a BBB profile and there is no data available about its BBB accreditation or complaints. The company is currently inactive in the real estate market and offers no transparency about its team or customer testimonials. Due to insufficient data, potential customers should proceed with caution.

🏠 Get cash offers now: Clever makes cash buyers compete to bid on your home so you get the best price. Click here to compare cash offers in minutes.

Red flags

  • Low number of customer reviews
  • Responds to a low percentage of customer reviews
  • Does not respond quickly to customer reviews
  • Website does not list names of employees

Full breakdown

Customer score: 1.3

  • 5 average customer rating
  • 3 reviews, indicating a newer company
  • No responses to customer reviews

BBB profile: 0.0

  • No BBB profile

Recent activity: 0.0

  • 0 reviews in the past 6 months
  • 10 months since the last review

Track record: 1.3

  • Active since 2022
  • 13% of months get new customer reviews

RatingTotal reviews
Overall5.03
Google5.03

Availability: Providence County area

Website: rihomebuyers.com

Additional Info: Offers online appointments; Offers onsite services

Find Rhode Island cash home buyers near you

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Related articles and resources

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.

Selling a House As-Is: What You Need to Know: Deciding whether to fix up your house or sell it "as is"? Should you fix up the imperfections or sell as is? Find out here.

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.

Are 'We Buy Houses' Companies a Rip-Off? Here's What Customers Say: 'We buy houses' companies can sound like a rip-off — but it depends on how you look at it. See what customers say about working with cash buyers, plus how to spot a scam!

How we rank cash buyers

Data sources

Our research team evaluated 6 cash home buyers serving Rhode Island. It also compiled and analyzed 55,655 publicly available data points tied to past transactions, customer reviews, and more to evaluate each of the Rhode Island home buyers and create our final list and rankings.

Methodology

Our team used public business directories to identify every company serving Rhode Island 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.

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