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We Buy Ugly Houses (also known as HomeVestors) is one of the nation’s largest franchise cash home buyers.
Local franchise owners can purchase homes in any condition, pay in cash, and close in as little as three weeks — making We Buy Ugly Houses a solid option for sellers facing financial challenges, tight timelines, or properties in poor condition.
That said, working with We Buy Ugly Houses comes with a significant financial tradeoff. The cash offer is generally well below market value. Because each location is independently owned and operated, customers experiences can vary widely from one location to the next.
Is We Buy Ugly Houses right for you?
Companies like We Buy Ugly Houses cater to homeowners who need to quickly offload a property that would be hard to sell on the open market. We Buy Ugly Houses could be a good fit if:
- Your house is in poor condition or in need of major renovations
- The home is in a less desirable neighborhood
- Other factors are making your home hard to sell (probate sales, problem tenants, flood zone, etc.)
- You’ve inherited a home but can’t afford to maintain it
- You need to sell extremely quickly due to a move, divorce, or other life change
- You’re facing foreclosure or need immediate cash funds
In these situations, We Buy Ugly Houses lets you sell your home as is and close on your timeline. You can walk away with very little hassle or stress — but there's a definite financial tradeoff that comes from selling directly to a cash buyer.
Property investors need to get a generous discount on purchase price in order to secure a profit when they resell the home at market value later on. Recent data from Redfin shows that investors typically resell homes for about 55% more than they pay.[1]
Investor Charles H. Chandler III, CEO and co-founder of My Tennessee Home Solution, explains that selling to an investor can be the right move for someone who needs a quick out or requires some creative solutions to get a house sold, such as when you've inherited a home with lots of clutter or deferred maintenance. "It is a much quicker sale and investors typically let you leave everything behind in the house," says Chandler.
However, "most of the time, it makes more sense to work with an agent," says Chandler III. "If someone just wants to skip out on agent fees, I would not recommend calling an investor because offers will be lower than just what the agent fees are." This is especially true given the emergence of low commission brokerages that are changing the standards for realtor fees.
If you’re planning to request an offer from We Buy Ugly Houses, it’s smart to get at least one or two competing bids before signing. Sellers with multiple offers to fall back on tend to get better prices and contract terms.
We bring you all your best options — direct cash offers, cash now with more upside later, and accelerated agent listings — so you can compare and choose the right fit.
How We Buy Ugly Houses works
We Buy Ugly Houses has a vast network of investors who buy homes for cash. Sellers don’t need to worry about repairing, updating, or even cleaning the property.
If you want to sell your home through We Buy Ugly Houses, here’s what to expect:
- Complete an online form to book a no-obligation home review.
- Confirm your details with the company. Then, your local branch will reach out to schedule a walkthrough.
- Once the walkthrough is complete, you’ll receive a cash offer — sometimes on the same day.
- You can accept the cash offer and move to the closing process or deny the offer and walk away.
- Close on your home in as little as three weeks.
To get a firsthand look at how the process works, we sent a homeowner in suburban New York City through the HomeVestors experience as a secret shopper.[2]
After calling in response to a mailer, our shopper had an appointment scheduled within a week. The evaluator arrived on time, professionally dressed in a company-branded shirt, and carried a checklist during the home tour. "Before the home tour, we sat down to talk briefly about why I wanted to sell, when I was hoping to move, and what I was looking for in terms of an offer," our shopper reported.
Our shopper noted that the rep was surprisingly transparent about the tradeoffs, "telling me I would probably get more money if I were to sell it the traditional way using a real estate agent." However, he also emphasized the convenience of a cash sale with no contingencies, no inspection, and no risk of financing falling through.
Within 15 minutes of completing the walkthrough, the evaluator presented a written offer for $301,200, which was more than $100,000 off from the listing range of $400,000–469,000 that two independent realtors had suggested.
Our shopper also reported that there was little room for negotiation "I gave them an opportunity to come back with a better number, but they were unwilling to do so."
While our mystery shopper ultimately declined the offer, she gave HomeVestors high marks for their professionalism and communication, noting that there was no pressure from her local rep to move forward: "He was very gracious. He said he understood, and in no way tried to talk me into accepting it."
How much does We Buy Ugly Houses pay?
In our secret shopping exercise with HomeVestors, our homeowner received an offer of $301,200 for her 1,200-square-foot Cape-style home in suburban New York City. For comparison, two local realtors independently ran comparative market analyses and estimated a listing price of about $434,500 — suggesting the HomeVestors offer came in at roughly 69% of estimated market value.
Even after accounting for an estimated $33,000 in closing costs and commissions on a traditional sale, our shopper would have netted about $401,500 with an agent — approximately $100,000 more than the HomeVestors offer.
This gap is fairly typical of how cash investors approach pricing. Most use some version of what's known as the 70% rule, which says to estimate the home's after-repair value based on comparable home sales in the area, multiply that number by 70%, and subtract the projected repair costs to arrive at the offer price.
That said, investors may adjust their offers up or down based on a property's condition and other factors, such as:
- The desirability of the location
- The cost and complexity of repairs
- Local buyer or tenant demand
- Investment strategy (e.g. quick flip vs. rental with potential price appreciation)
- The amount of risk involved (due to legal issues, problem tenants, buying sight unseen, etc.)
"We typically look to acquire properties at least with 25% equity," says Chandler, who has purchased more than 300 homes in and around Nashville. "We determine the resale of the property, then multiply that resale value by 75% and then deduct the renovation cost. That final number gives us our offer amount."
An Clever Real Estate survey of over 700 real estate investors found that the majority (56%) cap their offers at 70% of ARV, while an additional 11% cap their offers at 80% of ARV.
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Request Cash OffersWe Buy Ugly Houses fees and other costs
There’s no upfront cost to seek an offer from We Buy Ugly Houses, and the company doesn’t charge any fees or commissions. The cash buyer also covers closing costs.
However, these costs will be baked into the offer price, along with the investor's repair estimate and desired profit margin.
We Buy Ugly Houses vs. alternatives
While We Buy Ugly Houses can be a good option for homeowners in a tough spot, it’s not for everyone.
If you want to maximize the profit on your home sale, working with a real estate agent who offers competitive commission rates can be a better choice. Many low-commission realtors provide full service at a fraction of the cost (typically about 1.5% of the sale price vs. the average 2.5–3%). They can work on your timeline and also help you negotiate terms such as sale price, repairs, move out dates, etc.
If you’re set on selling to a cash buyer, get multiple offers from cash home buyers to ensure you get a good deal. Remember, how much an investor will pay for your house will depend on several factors — including the buyer themselves — so it’s wise to shop around.
We Buy Ugly Houses vs. Clever Offers
Rather than a single take-it-or-leave-it offer from a company like We Buy Ugly Houses, Clever Offers gives you multiple options to choose from. You can explore direct cash offers from local/national investors, plus hybrid options that give you cash upfront with the ability to list for additional upside.
You can also test the market with a short-term MLS listing that you can cancel anytime. That way, you can cast a much wider net to see what the market will pay compared to the offers you already have in hand.
We Buy Ugly Houses vs. Opendoor
Opendoor, the nation’s largest iBuyer, will purchase your home as is and close on your timeline. It typically pays more than a cash buyer, although the offer will still be below market value. Final offers may also include deductions for repairs and market conditions.
While We Buy Ugly Houses will purchase homes in any condition, Opendoor has stricter criteria and won’t buy homes in need of significant repairs. You’ll also pay a variable service fee (typically 5%, but may be more depending on the market) to Opendoor, whereas We Buy Ugly Houses charges no fees.
We Buy Ugly Houses vs. We Buy Houses
We Buy Houses is another cash home-buying company with franchises in most states — although it doesn't have as many offices as We Buy Ugly Houses.
Like We Buy Ugly Houses, the company makes a quick, all-cash offer on homes in almost any condition. It has highly positive reviews and charges no additional fees or closing costs. But offers will still be lower than what you could get selling on the open market.
We Buy Ugly Houses vs. HomeLight Simple Sale
HomeLight Simple Sale (or HomeLight Cash Offers) is an offer marketplace that compiles multiple preliminary cash offers for you to compare. The service is free, and there’s no obligation to accept the offer.
You can expect the offers to be similar to the one you’ll get from We Buy Ugly Houses. But with HomeLight Simple Sale, you have the option to reject the cash offer and connect with a realtor through HomeLight’s agent-matching service. This gives you the opportunity to sell your home for a higher price on the open market.
» MORE: Looking for more cash buyers near you? Check out the best companies that buy houses for cash to see our comprehensive guides for all 50 states.
We Buy Ugly Houses reviews and complaints
| Source | Average Rating | Review Count |
|---|---|---|
| BBB | 1.3 | 27 |
| 4.7 | 2,974 | |
| Weighted Average: | 4.7 | 3,001 |
We Buy Houses reviews are generally quite positive. The company has an overall average rating of 4.7/5 across 3,001 online customer reviews.
Many customers say We Buy Ugly Houses reps were transparent about the cash buying process from the beginning. They said they received fair offers, high-quality service, and good communication. The company consistently responds to both positive and negative reviews.
Some negative We Buy Ugly Houses reviews stated that the company will spam you with unwanted marketing materials. In addition, a few reviewers (less than 5%) said they received extremely low offers.
It’s important to note that your experience may vary based on the franchise. Check the reviews for your local branch before working with them.
Here are some of the most common themes we found among We Buy Ugly Houses reviews.
✅ Easy, transparent process
Customers from multiple We Buy Ugly Houses franchises noted that their experience was easy and hassle-free.
"We had a great experience with We Buy Ugly Houses. Our agent, Troy, met us on time and after the walkthrough explained how the process worked. And...it worked exactly as he said. The closer even met at a location of our choice. Thanks for making the entire situation simple!"
“M***** was upfront, honest, and incredibly thorough. He took the time to walk us through every step of selling the house as is, answering questions before we even thought to ask them. I would highly recommend him to anyone looking for a trustworthy, hassle-free home sale experience.”
✅ Fair and ethical
Most We Buy Ugly Houses customers were satisfied with the treatment they received, including the amounts they were offered, given the condition of the homes they were selling.
“Completely professional from beginning to end. Fair offer and all promises made were kept. An overall pain-free experience. Much easier than a traditional sale experience.”
“What really stood out was how understanding and patient he was — he truly listened to our needs and worked with us on the price and other details without pressure. It felt more like working with a trusted friend than just a business transaction. We couldn’t have asked for a better person to guide us through this sale.”
“They took the time to understand my situation and were very empathetic. They made an offer that was exceptionally fair, especially considering the condition of my home, so I wasted no time searching for other buyers and accepted it. They communicated with me throughout the entire process, so I knew what to expect. They closed quickly, which was a plus for me. They did all the things they said they would do, and they met all of my expectations.”
✅ Helpful in difficult situations
Several home sellers were facing tough situations, like out-of-state or probate sales. Others faced emotional challenges, like selling the home of a loved one who recently passed. They said We Buy Ugly Homes offered much-needed help.
"My brother who lived alone passed away in his home in Georgia. He did not have a will. I was his only living relative and I live in Minnesota. I was deeply saddened by his death and shocked by the condition of his house when I traveled to Georgia to make arrangements. Jeremy, the HomeVestors agent I worked with, was a great help to me in dealing with the challenges of selling the house. He was also very patient over the months it took to get through the probate process. I strongly recommend HomeVestors and many thanks to Jeremy."
"After my mom passed away, I was overwhelmed with the responsibility of selling her home as-is. John Garder and his team stepped in with compassion, professionalism, and care—and ultimately purchased the home as-is. They made the entire process smooth, fair, and stress-free during a very difficult time. I’m incredibly grateful for their support and would highly recommend John and his team to anyone in a similar situation."
❌ Disappointing offers
A few scattered reviews note that offers are much lower than expected, sometimes insultingly so.
“Offered me $60,000, and I laughed out loud! I told him I had already been offered $100,000. He said I’d better take it (and) run with a smirk. Well, I sold it for $110,000!”
I wanted to sell to a cash buyer/rehabber because my house needed a lot of work. B**** told me the house needed at least $120,000 worth of work. He also told me that the house didn't have a market value of $386,000, as indicated in the property assessment (once repaired), or $390,000 to $400,000 according to comparables told to me by real estate agents, because the real estate market was in decline due to a slowing economy and increasing interest rates, causing fewer buyers having affordability to buy homes. So, he offered $225,000, telling me that is the best I could get. B**** later sold my house for $430,000!
❌ Unwanted marketing
The most common complaints about We Buy Ugly Houses were that the company spammed them with unwanted flyers and phone calls, despite asking to be removed from their contact list.
“This company keeps mailing my grandmother when we have called multiple times to get them to stop. We have asked to be put on a do-not-contact list but get mail from them at least once a month. I will be filing a complaint with the FTC. If they are doing this to random people, who knows how they actually treat their customers.”
“As someone else put it, stop sending me junk mail. I’m not selling you my house.”
What types of homes does We Buy Ugly Houses buy?
We Buy Ugly Houses will buy almost any property except mobile homes. This includes houses that are distressed, structurally unsound, located in flood zones, or occupied by tenants. The company will also purchase some commercial properties.
📍We Buy Ugly Houses locations
We Buy Ugly Houses is available nationwide. Select your local market to find additional cash offer products available near you.
Is We Buy Ugly Houses legit?
Yes, We Buy Ugly Houses is a legitimate business based in Dallas, Texas. It operates under the umbrella of HomeVestors of America, Inc., and has an A+ rating on the BBB.[3]
However, the company has faced serious scrutiny in recent years — and some of its franchisees have been involved in documented misconduct.
The ProPublica investigation
In 2023, an investigation by ProPublica found that some We Buy Ugly Houses franchise owners took advantage of distressed homeowners by pressuring them to sell for less than their homes were worth.[4]
ProPublica also found problems with the company's wholesaling strategy — rather than flipping every house, some franchise owners wholesaled most of their properties, which could cause deals to fall through at the last minute if buyers backed out.
The investigation prompted significant leadership changes. CEO David Hicks stepped down following the reporting, and the company cycled through leadership before appointing Joshua Waltzer as CEO — a role he held as of late 2025.[5] Several U.S. senators also called for more consumer protections against predatory real estate practices in response to the findings.[6]
The Charles Carrier fraud case
In a separate incident that further tested the company's oversight, a former top-performing franchise owner named Charles Carrier was accused of running a Ponzi-like scheme through his Dallas-based franchise, C&C Residential Properties. According to ProPublica and federal court documents, Carrier defrauded approximately 80 investors out of nearly $40 million by taking out multiple loans against the same properties and using new investor money to pay off earlier investors.[7]
HomeVestors terminated Carrier's franchise in October 2024 after receiving a tip through its ethics hotline — which was created in response to the original ProPublica investigation. The company reported Carrier to the FBI and later sued him for trademark infringement. In May 2025, Carrier agreed to plead guilty to felony wire fraud, a charge that carries up to 20 years in prison.[8]
Investors in the case have blamed HomeVestors for insufficient oversight, noting that Carrier had operated under the brand for nearly two decades and was regularly recognized as a top franchise performer. HomeVestors has denied responsibility, stating that its franchises are independently operated.
Review excerpts highlighting concerns
Our team's analysis found several mentions of perceived predatory practices, undisclosed wholesaling, and last-minute deal cancellations in customer reviews:
- "They take advantage of your situation and lowball you on the price."
- "High pressure, lied about the condition of the property and what they planned to do with it."
- "Predatory company trying to make a profit off of someone's grief. Claiming they want to help when what they really want is to buy property off of stressed-out and sad people so they can turn a profit."
- "Then at closing, they say they can't buy your house, it's worse than they thought."
- "They say they buy houses as is and then sell them after buying them, but in all reality, they wait for someone else to buy them."
Company reforms
It's important to note that many of the review excerpts above were left two or more years ago, and the company has taken steps to address these issues. In 2024, We Buy Ugly Houses introduced new measures including revised training materials, more audits, a platform for franchisees to report issues anonymously, and the addition of a three-day opt-out period for customers.[9]
Under current CEO Joshua Waltzer, the company has continued to emphasize its ethics hotline and its code of conduct for franchisees. However, the Carrier case — which unfolded after these reforms were announced — suggests that oversight gaps may still exist within the franchise model.
While our secret shopper noted that her We Buy Ugly Houses rep "was honest and upfront about how the company works," the pattern of serious incidents across the franchise network is something sellers should weigh carefully. We recommend thoroughly vetting your local franchise's reviews and track record before entering into a contract.
FAQs
How do 'we buy houses' companies work?
Most companies that buy houses for cash in are professional real estate investors who purchase properties, fix them up, then resell or rent them out for a profit.
- Many property investors look to buy “distressed” homes (properties that need major repairs, have complex title or tax issues, or whose owners are under pressure to sell fast).
- Because investors usually pay with cash, they can close faster than retail buyers who need approval from a lender. Some can close in as few as 2-3 days after making an offer.
- Buying complicated properties fast carries a lot of risk, so investors typically pay less than you'd net on the open market to ensure they don't end up losing money on the deal.
- This tradeoff can be worth it if you need speed and certainty or can't sell your home on the open market.
But cash investors aren't always your best or only option. We suggest trying an offers marketplace like Clever Offers, which brings you competing cash offers and other sell-fast solutions to compare so you get the best price and sale outcome.
Should I sell to a company that buys houses for cash?
Consider a cash home buyer company if you're selling a house that needs major repairs, has complicating factors (e.g., title problems, liens, tax issues), or are under pressure to sell your house fast because of pre-foreclosure, financial issues, or unexpected life changes.
If you need to sell fast and have a newer, well-maintained house, you may want to look into an iBuyer or Buy-Before-You-Sell (aka bridge loan) service, if they're available in your area. iBuyer and Bridge Loan services may help you get a higher price without sacrificing speed and certainty.
If you have a more flexible selling timeline, 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 — even if you're selling a house as-is.
Are 'we buy houses' companies a ripoff?
Most "We Buy Houses for Cash" companies are legit. But there are definitely bad actors and frauds to watch out for. Here are some quick tips that can help you avoid potential scams or predatory buyers.
- Look for an established online presence. E.g., BBB accreditation with a high letter grade; excellent customer ratings and lots of reviews (including recent ones) on third-party platforms like Google; a legitimate-looking website with info about owners, customer testimonials, and other credibility signals.
- Always request offers from more than one cash buyer. This will help ensure, at minimum, that you get a fair price and, ideally, help you net the most possible cash in the end. (Note: Clever Offers makes this process fast, safe, and easy).
- Ask for a proof of funds letter along with the cash offer. Legit and experienced cash investors should be happy to provide this to you.
- Make sure all the key details are in the contract. The earnest money deposit, sale price, closing date, and other key terms should be clearly stated in the purchase agreement. If it’s not in writing, the buyer can make last minute changes or back out of the deal and you have zero recourse.
- ⚠️ DON’T call the phone numbers on those generic “Cash for Houses” signs posted by the side of the road, especially when there are no details about the company.
- ⚠️ WALK AWAY if the cash investor or company representative is getting aggressive, pushy, or making you uncomfortable in any way.
- ⚠️ NEVER wire anyone money or give out your personal financial information without professional representation or a licensed third-party (like an attorney or title company) involved.
🚨 Important: If you or someone you know has been in contact with or possibly taken advantage of by a company you think is a scam or fraud, please (a) report it to your local police via 911 and (b) all relevant government protection agencies online:

