Who else will buy your house for cash?
iBuyers, investors, and flippers will also buy a house for cash. Here’s how they operate, the types of houses they look to buy, and their process.
- iBuyers: These buyers use an automated valuation model (AVM) to offer sellers an all-cash offer. iBuyers charge sellers a 5% to 6% fee, and are more competitive than flippers.
- House flippers: House flippers buy fixer-uppers from sellers and auctions in desperate need of repair. They repair and renovate properties in hopes of turning a significant profit. Looking to maximize their return, they typically offer sellers low offers.
- Buy-and-hold investors: Buy-and-hold investors focus on a long-term strategy by converting homes into rental properties.
- Franchising and house-buying companies: These companies purchase homes in as-is condition, acting as the buyer. They usually repair and sell the homes turnkey for a profit or may rent them.
Top cash buyers in Denver
Here are some of the top cash homebuying companies operating in the Denver area.
This local company buys houses in various conditions, including short sales and foreclosures, and provides a cash offer within 72 hours. Although not accredited, the company has earned an A+ on the Better Business Bureau website and 4.9 out of 5 stars from Google Reviews.
This company purchases various types of homes, including houses with foreclosure risk and structural issues. The company provides fast cash offers and $10,000 in earnest money. They have also earned an A+ rating on the Better Business Bureau website, as well as 4.7 stars from over 100 Google reviews.
A HomeLight platform, Simple Sale connects sellers with the largest network of real estate investors in the U.S. Sellers receive offers within 24 hours and close in as little as 10 days by skipping cleaning, staging, and repairs. HomeLight has earned an A+ rating on the Better Business Bureau website and 4.8 stars from hundreds of Google reviews.
This company buys and renovates properties throughout Denver in various conditions.
Watson Buys earned an A+ Better Business Bureau rating and 5 stars on Google Reviews.
This national company serves Denver. However, the business only pays between 50% and 70% of the fair market value for most properties. We Buy Houses earned an A+ Better Business Bureau rating and 4.5 stars on Google Reviews.
- We Buy Ugly Houses®, Colorado (Homevestors®)
This business is a national company that buys homes in poor condition located in flood plains and run-down neighborhoods. Due to these conditions, the company pays sellers less than most buyers and investors. The company earned an A+ rating from the Better Business Bureau and 4.8 stars on Google Reviews.
Pros and cons of selling a house for cash
While your experience can vary by company these are some general pros and cons of selling a house to an investor for a cash sale.
Pros:
Cons:
The biggest draw that I see from people moving in from out of state is our weather. We have outdoor activities all year round. Additionally, job security is strong, with a low unemployment rate. There’s a lot of economic growth.
Madison Kissel Real Estate Agent
CloseMadison Kissel Real Estate Agent at Compass – Denver Currently accepting new clients
- Years of Experience 8
- Transactions 649
- Average Price Point $565k
- Single Family Homes 412
Option 2: Working with a top agent to sell your house fast in Denver
Do you need to sell your house quickly but have a little more time than the cash offer route provides? Then, working with a top real estate agent could be a successful strategy to sell your house quickly and maximize your home sale when you need to pay down debt, sell a loved one’s estate, or alleviate the sting of a divorce.
HomeLight data shows that top agents sell homes quicker than the average agent, and the top 5% of agents can get their clients 10% more money for their homes than average agents.
How fast are homes selling in Denver?
Partnering with a top agent can help you understand your local market conditions, which determine how quickly or slowly your home can sell in your area. “Denver saw a huge uptick of population from the pandemic in 2020 and 2021,” says Kissel. “In 2023, we saw more of a stabilization.”
“The biggest draw that I see from people moving in from out of state is our weather. We have outdoor activities all year round. Additionally, job security is strong, with a low unemployment rate. There’s a lot of economic growth,” says Kissel.
Kissel says that younger people especially “gravitate toward downtown that offers access to outdoor amenities such as hiking trails and walkability to retail, restaurants, and coffee shops.”
