HomeGo is a We Buy Houses company that pays cash for properties in markets across the U.S.
Like other cash buyers, the company pays a discounted price for homes in any condition. It will also buy homes in foreclosure, forbearance, or with tax liens. After the offer is accepted, the company can close on the sale of your home in as little as one week.
Selling to a cash buyer like HomeGo is often quick and easy, but you'll make as little as half of what you might make selling on the open market with a real estate agent.
If your home is in poor condition, a cash buyer like HomeGO can be a great solution. But if your home is in relatively good condition and doesn't need a ton of repairs, you'd be better off listing your home on the open market or selling to an iBuyer—a type of cash buyer that pays more for homes in good condition.
The easiest way to make a decision is to compare your options. Clever Real Estate can match you with a local agent with expertise on home values in your area. They can provide you with a free home valuation to help.
The research process for this review included:
- Mystery shopping cash buyer companies, including HomeGo
- Interviewing real estate experts
- Conducting a spreadsheet analysis of each service provider's terms
From the author: I've written dozens of reviews of major home buyers across the U.S. and have spoken to real estate investors, realtors, and reps from cash buyer companies to learn more about how these services work.
Content Writer, Clever Real Estate
What is HomeGo?
HomeGo is a cash buyer that buys homes in any condition, including ones with major issues such as:
- Foundation problems
- Structural problems
- Leaky roofs and windows
- Fire or flood damage
The company also buys homes in financial trouble, including:
- Tax liens
Some cash buyers use bait-and-switch tactics where the initial offer shrinks as repair costs are factored in. According to its website, HomeGo promises it won't do this, claiming that its initial offer is a firm, final offer that won't be reduced later.
HomeGo can close in as soon as seven days or up to three weeks. If you need to stay in your home longer, you can use HomeGo's rent-back program, in which you pay rent to stay in the home for a few months longer.
» READ: What Is a Rent-Back Agreement?
Who should use HomeGo?
Homeowners who need to move quickly
A cash buyer like HomeGo is one of the fastest ways to sell a home. HomeGo can close on your home in just one week, so you have the cash you need to make a down payment on your next home.
If your home is in good condition, consider using an iBuyer, which is a company that can close just as quickly on homes that meet their criteria.
People with condemned properties
If your home has such significant structural damage that it's unsafe, selling to a cash buyer like HomeGo might be one of your only options.
The damage itself will turn many potential buyers away. But it's also difficult for a buyer to get a mortgage for a condemned home because banks don't want to lend money for a risky investment. You won't have to worry about a cash buyer company like HomeGo being approved for a loan because it'll be using its own cash.
People with financially distressed properties
It could be very difficult or impossible to sell a home with financial problems on the open market, making HomeGo a simpler option. If your home has tax liens, fines for code violations, or looming foreclosure, HomeGo can help you sell for cash quickly.
Any financial responsibility you had will be transferred to the new owner—in this case the cash buyer—so you can expect your offer to be reduced because of that.
Alternatives to HomeGo
Sell to an iBuyer
If your home is in better-than-average condition with no major structural issues, selling to an iBuyer can get you more cash. Much like cash buyers, iBuyers are investors that pay cash for homes and can close in just a few days, or longer if you need more time.
But iBuyers prefer to buy homes that only need minor repairs so they can flip them and sell them faster. Because of this, iBuyers are pickier about the homes they buy.
Typical iBuyer purchase criteria:
🏠 Built after 1930
💰 Valued at $100,000–$600,000
🌲 Located on 1.5 acres or less
iBuyers can close quickly, but they also have more flexibility if you need to stay in the home longer.
For example, nationwide iBuyer Offerpad is available in many of the same states as HomeGo and can close anywhere from 8–90 days out. Offerpad also offers free local moving services in a 50-mile radius.
Just like a cash buyer, there's no cost or obligation to get an offer from Offerpad. Use the tool below to see if Offerpad buys homes in your area.
Enter your ZIP code to see if you qualify for an instant cash offer from Offerpad. 👇
List with an agent
Listing your home on the open market with a real estate agent is the best way to maximize offers on your home. If your home needs only a few minor repairs and some staging for home showings, you should consider finding an agent and listing the home.
Even though you have to deal with the hassle of home showings and closing costs, the higher price could be well worth it.
If you're wondering which path is best for you, an agent can help you determine the worth of your home with a comparative market analysis (CMA) that examines what other homes in your neighborhood are selling for.
HomeGo vs. the competition
HomeGo and other cash buyer companies will give you a free, no-obligation offer, so it makes sense to contact a few before making a final decision.
You likely won't see a huge difference between offers—they'll all be somewhere between 50–80% of the home's market value — but some companies might be able to close faster.
HomeGo can close in just seven days, but if another cash buyer gives you a better offer, it might make sense to wait an extra week or two.
Time to Offer
Time to Close
We Buy Ugly Houses
We Buy Houses
We Buy Ugly Houses: Well-known national brand
Time to Offer
Minimum Closing Time
No cost for seller
We Buy Ugly Houses has a better reputation than most individual cash buyers, but the home seller's experience can vary based on the quality of their local franchise. While We Buy Ugly House can close in as little as three weeks, it's common knowledge that they pay far less than fair market value.
- Trusted, nationally recognized brand.
- No need to worry about repairs.
- Close in just three weeks.
- Quality of service may vary between franchises.
- Pays far less than fair market value.
We Buy Ugly Houses has over 800 independently owned and operated franchises across 46 states.
As of April 26, 2021, 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.
- Website: https://www.webuyuglyhouses.com/
- Phone Number: 866-200-6475
We Buy Ugly Houses operates in many of the same local markets as HomeGo. Each local franchise is independently operated, so be sure to search for reviews for specific locations before calling.
The company is much slower than HomeGo when it comes to closing, taking up to three weeks. HomeGo can close in just seven days.
Express Homebuyers: National brand known for speed
Time to Offer
Time to Sale
Express Homebuyers is a national service that has partnered with local investors across the country to buy houses for cash.
Steps to sell with Express Homebuyers:
- Submit your home's information to receive an initial "as is" offer
- Meet with the local investor to assess your property and answer any questions
- Discuss the local investor's final cash offer and, if you're willing to sell, sign a sales agreement then and there
- Choose a closing day on your schedule
- Show up on the day of the sale to sign the paperwork and receive cash within hours
Express Homebuyers has partnered with local investors in the following states:
Express Homebuyers is a national cash buyer company with local affiliates across the U.S.
The company can give you a fast offer online in just a few minutes. It can close on homes as quickly as HomeGo—just seven days.
We Buy Houses: Large company with local investors
Time to Offer
Minimum Closing Time
No cost to seller
Working with We Buy Houses is more likely to be positive than working with a local private real estate investor. We Buy Houses vets all of their investors and gives them an exclusive license to operate in their territory, so investors who use the brand name have an incentive to work hard in order to maintain their advantage.
While We Buy Houses doesn't exercise control over how much their investors offer, they do reserve the right to rescind licenses if investors don't meet their ethical standards.
- Offer in 24-48 hours
- Vetted, reputable real estate investors
- No need to worry about repairs
- Close in just seven days
- Little to no room for negotiation
- Individual investors have different strategies, so they may value your home differently
- Licenses are exclusive, so there is only one We Buy Houses option in your area
We Buy Houses has over 2,700 offices across 49 states.
Reviews online are only available on local Facebook pages.
The vast majority were positive, with customers saying that the We Buy Houses investor they worked with was fast and professional. The only negative review we found had to do with a customer who purchased a home from We Buy Houses and felt that the repairs they made before selling were cheap.
- Website: https://webuyhouses.com/
- Phone Number: (877) 932-8946
We Buy Houses (separate from We Buy Ugly Houses) is a national brand that gives local investors exclusive licenses to operate in their market. The company can provide an offer in just a day or two, but can close in as few as seven days like HomeGo.
How HomeGo works
HomeGo's process is like most other cash buyers. It all starts by contacting the company to let them know you're interested in an offer for your home.
- Request an offer. Fill out the online form or call (866) 589-4404 and provide some basic details about your home.
- Schedule a walkthrough. An agent from HomeGo will visit the home to do a 30-minute tour.
- Review the offer. You'll get your offer the same day as the walkthrough.
- Close on the home. If you accept the offer, you can close in as little as seven days.
HomeGo reviews from customers
HomeGo has overall positive reviews from customers who have used the service.
HomeGo's low BBB rating is misleading
HomeGo's BBB rating of 3.64 is misleading because many of the negative reviews are not from actual customers.
Of the 50 reviews on the BBB, about half are five-star reviews and half are one-star reviews. Nearly all of the one-star reviews are complaints from homeowners about receiving the company's unsolicited mailers offering to buy their home. The mailers had a Google Street View image of the home printed on it, which struck many homeowners as an invasion of privacy.
Almost all of the company's 51 complaints registered with the BBB are about the mailers as well. While these individuals are clearly annoyed, they aren't customers who have experience with the company's services.
The remaining reviews are all 5-star reviews, praising the company's fast and convenient service.
Fast and easy
Several reviews mentioned needing to sell to move ASAP and HomeGo was able to do everything quickly and close on the home in the promised timeframe.
Professional and knowledgeable
Customer reviewers appreciated HomeGo's team members' friendliness and helpfulness. Customers said reps were able to answer all of their questions and were happy to do so.
Fair price with no surprises
Several reviews mentioned that the price from HomeGo was a little better than other cash buyers they contacted. Reviewers mention that HomeGo explained the rationale for the offer and then stuck to the initial price.
Where is HomeGo available?
HomeGo operates in 33 local markets across 21 states.
Long Beach, CA
Kansas City, KS
Los Angeles, CA
Kansas CIty, MO
Las Vegas, NV
Fort Worth, TX
Saint Petersburg, FL
San Antonio, TX
Salt Lake City, UT
Frequently asked questions about HomeGo
Yes, HomeGo is a legitimate company that pays cash for homes in any condition. Like all cash buyers, HomeGo will only pay 50–80% of the home's fair market value. Find out more about HomeGo.