While many of these companies are legitimate wholesalers or "flippers," the industry also attracts predatory actors. Be wary of:
"We Buy Houses" (or "We’ll Buy Your House") companies are real estate investment firms that specialize in quick, all-cash transactions. While they offer speed and convenience, they typically pay well below market value to ensure a profit. How the Process Works we ll buy your house
If you accept, the company handles the paperwork. Since there are no bank appraisals or mortgage approvals required, the sale can close rapidly at a local title company. Key Benefits vs. Disadvantages Selling to an Investor Traditional Listing (MLS) Speed Extremely fast (days) Slower (months) Sale Price 50%–70% of market value Full market value Condition "As-is" (no repairs needed) Usually requires repairs/cleaning Fees No commissions or closing costs 5%–6% agent commission + costs Convenience No showings or staging Frequent open houses and showings Red Flags to Watch For While many of these companies are legitimate wholesalers
The typical workflow for these cash buyers is designed for maximum speed, often closing in as little as . How the Process Works If you accept, the
An investor may offer a ballpark figure over the phone or schedule a quick walk-through to assess the property's condition.
Offers made without visiting the property can be a tactic to lock you into a contract, only for them to lower the price after an "inspection".
You provide basic property details via their website or phone.