Top 5 We Buy Houses for Cash Companies in South Dakota (2021 Rankings)

Jamie Ayers

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Jamie Ayers

May 19th, 2021
Updated May 19th, 2021

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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 {we_buy_houses.global_row.state} offer cash to homeowners that need to sell quickly. We reviewed the top {we_buy_houses.global_row.state} We Buy Houses companies so you can shop around for an offer and make an informed decision.

🔑 Key Takeaways

  • 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

  • Other options include instant-offer iBuyer companies or low commission companies, like Clever

Top {we_buy_houses.global_row.state} 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 {we_buy_houses.global_row.state}.

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 {we_buy_houses.global_row.state}.

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✍️ 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:

  • Read any contracts carefully

  • Don’t pay for anything upfront

  • If it doesn’t feel right, walk away

  • Reach out to multiple companies and compare offers

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» 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 {we_buy_houses.global_row.state}, a typical home sale can take {we_buy_houses.global_row.dom_45} 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 {we_buy_houses.global_row.state} 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 {we_buy_houses.global_row.state} 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 {we_buy_houses.global_row.dom} days on the market in {we_buy_houses.global_row.state} 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 {we_buy_houses.global_row.dom_45} days to finalize the sale.

In comparison, some We Buy Houses for Cash companies in {we_buy_houses.global_row.state} 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
{we_buy_houses.global_row.dom} days
2 days or fewer
Closing Process
30-45 days
7 days or fewer

Ballpark vs. official offers

Many {we_buy_houses.global_row.state} 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 {we_buy_houses.global_row.state} 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

✅ Pros
  • Fast, certain cash offers: Most companies will send an offer within 24 hours. And, there's no chance of the deal falling through because a mortgage application is denied or the buyer gets cold feet.
  • Sell your home "as-is": These companies will usually buy your home regardless of condition (and deduct the cost of repairs from the offer price).
  • Schedule your own closing date: Instead of going through the typical 30-45 day closing process, you can close in as few as seven days.
  • Low closing costs: Many {we_buy_houses.global_row.state} We Buy Houses companies will cover typical closing costs. This can save you 1-3% of your final sale price.
❌ Cons
  • Lower offers: To ensure they make a profit, these companies will offer 70% of your home's market value, minus the cost of necessary repairs.
  • No negotiating: You can either take an offer or leave it. The company won't negotiate, even if you disagree with its evaluation of your property.
  • Predatory tactics: Many sellers considering a cash buyer are in a difficult situation, like foreclosure. Some companies, unfortunately, take advantage of your situation. Never sign anything because you feel pressured. Instead, be prepared to walk away if something doesn't feel right.

Frequently-asked questions

What are the best alternatives to We Buy Houses companies?

How much will We Buy Houses companies in {we_buy_houses.global_row.state} 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 {we_buy_houses.global_row.state} 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 {we_buy_houses.global_row.state} 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 {we_buy_houses.global_row.state} can walk away with using your state's median listing price of {we_buy_houses.global_row.12_month_listing_average}, 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*
{we_buy_houses.global_row.we_buy_offer}^
{we_buy_houses.global_row.12_month_listing_average}
{we_buy_houses.global_row.12_month_listing_average}
Repair costs**
$0
{we_buy_houses.global_row.repair_costs}
{we_buy_houses.global_row.repair_costs}
Seller concessions
$0
{we_buy_houses.global_row.seller_concession_amount}
{we_buy_houses.global_row.seller_concession_amount}
Staging costs**
$0
{we_buy_houses.global_row.staging_costs}
{we_buy_houses.global_row.staging_costs}
Closing costs
$0
{we_buy_houses.global_row.agent_closing}
{we_buy_houses.global_row.agent_closing}
Carrying costs
{we_buy_houses.global_row.we_buy_carrying}
{we_buy_houses.global_row.agent_carrying_amount}
{we_buy_houses.global_row.clever_carrying_amount}
Commissions and service fees
$0
{we_buy_houses.global_row.agent_commission}
{we_buy_houses.global_row.clever_commission}
Take Home
{we_buy_houses.global_row.we_buy_take_home}
{we_buy_houses.global_row.agent_take_home}
{we_buy_houses.global_row.clever_take_home}
*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 {we_buy_houses.global_row.state} 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.

Additional resources for home sellers in {we_buy_houses.global_row.state}

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area.

If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.