Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Davenport area “we buy houses” companies should not be considered an endorsement. Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. HomeLight always recommends doing your own research to determine which selling option is best for your situation. We Buy Houses companies in Davenport make all-cash offers for homes that often need some work, enabling sellers who lack the time, expertise, and money for repairs to move quickly and receive the cash proceeds from their home sooner if they need it. Maybe you’ve landed a new job in another city, and the employer wants you to start right away. Or perhaps you’re facing an unplanned life change and need to relocate ASAP. Or you may be experiencing a major financial challenge, and you find yourself needing to sell your Davenport property in a hurry and without hassles. If you need to sell your Davenport home quickly, a We Buy Houses for Cash company could be the best solution. However, before you request a cash offer, it’s important to understand how much a Davenport house-buying company might offer for your home and weigh your options. Once you’re familiar with the process, you can opt to select a company on our list of some of the top contenders and get moving. We Buy Houses companies in Davenport typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. These house-buying companies have polished their processes to help sellers who need to move ASAP, and tend to target distressed homes in need of repairs. Here’s how the process generally works: If these benefits of selling to a house-buying company in Davenport sound good to you, it’s time to find a legitimate operation you can trust. We’ve compiled some of the top companies that will pay cash for your parent’s Mediterranean or ranch-style home. By selling to one of these companies, you should be able to sell your Davenport home in as little as a week or two. Website: myfloridahomebuyers.com
Phone number: 352-519-4512
Locations: Orlando and the surrounding area My Florida Home Buyers, based in Sorrento, Florida, was founded in 2017 and serves home sellers in Central Florida. The company’s website notes they take pride in improving local communities by renovating homes. For Owner Matt Buttner, real estate runs in the family; he got his start in 2009 by helping his parents who owned a house-flipping company. While sweeping floors at first wasn’t as glamorous as HGTV shows, Matt learned the business and is now an investor, real estate broker, and house flipper. Once My Florida Home Buyers receive your information, they typically can make an all-cash offer within 24 hours and can close in seven days, or it can be tailored to your schedule. Closing costs: Sellers pay no closing costs; My Florida Home Buyers covers them. Reviews: My Florida Home Buyers has been BBB accredited since January 2018 and holds an A+ rating. Customer reviews for My Florida Home Buyers speak of handling a difficult situation “expediently and professionally” and doing an “amazing job guiding through the process.” Being a long-distance customer isn’t an issue and one reviewer notes they “worked on timing to allow us to transition into our new home smoothly.” The company has a 5-star rating on Google and 18 positive reviews. Contact information: homelight.com/simple
Phone: 844-488-8455
Locations: Nationwide, including Davenport Simple Sale, a solution from HomeLight, is an online platform where sellers in Davenport (and across the country) can request a cash offer for their home. Simple Sale connects you to the largest network of cash buyers in the U.S. Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in different locations throughout Davenport. With Simple Sale, you can get an all-cash offer within five days and sell your home in as little as 10 days, skipping the months it can take to sell the traditional way. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary. Reviews: Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is BBB accredited with an A rating. The company has 4.6 stars on Google based on more than 500 user reviews. Below you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks and what he thought of the process overall. Website: househeroes.com/sell-my-house-fast-davenport
Phone number: 954-676-1846
Location: Sunny Isles Beach, Florida House Heroes, LLC was founded in 2013 by Lucas Machado, who previously worked at mobile and Facebook gaming company Zynga, and Earl White, who has been friends with Lucas since 8th grade. The two even roomed in college. They wanted to buy one multi-family rental property, and, through that process, learned about rentals and house flipping, catching the “real estate bug.” They now buy real estate full time, and House Heroes has completed more than 150 closings to date. House Heroes further vets itself by providing a proof of funds bank statement. Closing costs: Sellers pay no closing costs; House Heroes charges no fees. Reviews: House Heroes, LLC has been BBB accredited since April 2017 and holds an A+ rating. Customer reviews for House Heroes speak to Lucas going “above and beyond to ensure you close on the house as promised” and being “extremely helpful with the sale” and “ethical and a pleasure working with.” Reviews also mention the owners express patience and mentoring during tough financial situations. Website: freedomcashhomebuyers.com
Phone number: 855-793-1011
Locations: Throughout Florida Freedom Cash Home Buyers was founded in 2017 and prides itself on providing customers with freedom from any situation they may find themselves in, saving them time from cleaning or making repairs. The company will purchase a home in whatever condition it currently is in. Sellers can call Freedom Cash Home Buyers or fill out a form online, and a Freedom Specialist will assess the home value using industry analytics. Once the best possible offer is decided on and a contract is presented, the seller will have several days to review and accept. It takes approximately 10-20 days after the agreement is signed to provide the homeowner with cash. The company has sold hundreds of houses and says most of its clients aren’t needing to sell immediately due to a foreclosure but are looking to save time on complicated repairs and house showings. Closing costs: Sellers pay no closing costs; Freedom Cash Home Buyers covers them, with the exception of property taxes. Reviews: Freedom Cash Home Buyers has been BBB accredited since 2017 and has an A- rating. The company has a 4.9 rating out of 5 on Google reviews. Customer reviews for Freedom Cash Home Buyers speak to “going the extra mile where other companies won’t” and knowing the true meaning of customer service. They express patience, understanding, and “go over every detail imaginable.” Website: floridacashhomebuyers.com
Phone number: 954-519-7040
Locations: Throughout Florida FL Cash Home Buyers was founded in 2011 and has closed more than 800 real estate transactions since its inception. Before setting up what they refer to as an “offer appointment,” a FL Cash Home Buyers’ buying manager will conduct in-depth research on the property to provide their highest offer. FL Cash Home Buyers, LLC co-founders Gabe Garcia and Omer Reiner met at an ashram in Miramar, Florida. Omer, a yoga instructor, was also a real estate investor like Gabe. The two remained in touch and began to work together on joint venture deals. FL Cash Home Builders has a variety of options for offers with their Certainty, Standard and Treasure Offer Packages. For a fast cash offer, which takes a week to 15 days, the offer will be fair but not “full market value.” Other options not involving selling for cash are available and will come in greater than full market value. Closing costs: Sellers pay no closing costs with the company’s Certainty and Standard Offer Packages; Florida Cash Home Buyers LLC covers them. For the company’s Treasure Offer Package, the property must pass a four-point inspection first. Reviews: FL Cash Home Buyers LLC has been BBB accredited since May 2015 and holds an A+ rating. The company has 99 reviews on Google averaging 4.7 out of 5 stars. Customer reviews for FL Cash Home Buyers speak of being prompt, efficient and offering all available options to potential customers while being professional and attentive, making the process “a breeze,” according to one reviewer. Reviewers say the staff is honest, transparent, and extremely patient to make the process go smoothly. Website: thebuyguys.com
Phone number: 855-968-4488
Location: Florida, Georgia, and Alabama The Buy Guys, founded in 2006, will buy as-is properties including single-family, multi-family, townhouse, or apartment buildings. For those without the budget for repairs or lacking time to go through a real estate agent, The Buy Guys can be an ideal solution. After it receives the signed contract, the company generally takes 10-20 business days to pay cash for a home. The Buy Guys are licensed real estate professionals and investors who have purchased homes across the U.S. and have helped thousands of customers. Closing costs: Sellers pay no closing costs; The Buy Guys cover them. Reviews: The Buy Guys has been BBB accredited since March 2016 and holds an A+ rating. Customer reviews for The Buy Guys speak to the company being a quick and efficient way to liquidate a property when moving, and providing a polite, painless, and professional process. According to its website, the company has a 4.8-star rating on Google, but we were unable to locate an active Google Reviews page for The Buy Guys. Website: webuyhouses.com/FL/Davenport
Phone number: 904-674-8004
Locations: Nationwide, including Davenport, Florida Founded in 1997, We Buy Houses connects home sellers to local real estate professionals who will provide a cash offer in 24-48 hours. Start by filling out a form on their site to begin to sell your house quickly and without hassle. More than one million homeowners have used We Buy Houses, according to the company’s website, and the company has over 100 locations across the U.S. CEO Jeremy Brandt founded We Buy Houses to create a national brand and network of honest, experienced, and well-capitalized investors, who follow a code of ethics to work under. We Buy Houses investors are thoroughly vetted and are typically already completing six to 10 deals per year before joining. Many join to scale up their own business. These investors purchase a license to use the We Buy Houses Brand and marketing materials. Closing costs: There are no fees or closing costs; We Buy Houses covers them. Reviews: We Buy Houses has been BBB accredited since August 2020 and holds an A rating. Customer reviews for We Buy Houses speak to receiving a fair price and closing on time with ease, and praise staff for being accommodating with customer timelines. Since We Buy Houses is independently owned and operated and not a franchise, reviews will vary depending on geographic area. There are plenty of valid reasons a Davenport home seller may choose to work with a Cash-For-Homes company. Leading the list are the benefits of speed, certainty, and remarkable convenience. In Davenport, it typically takes around 124 days to sell a home on the market using an agent. That includes an average of 70 days listed on the market until a signed contract, plus the typical 54 days a buyer needs to close on a purchase loan. Compare that to the typical seven to 10 days promised by many house-buying companies in Davenport, and it’s clear why these Cash-For-Homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase. These companies are growing in popularity, especially for sellers who do not have the typically required long weeks or months to prepare, market, and close on a traditional home sale. Let’s look at some of the most common reasons Davenport sellers decide to use a We Buy Houses for Cash company over listing a property the traditional way. If you are a homeowner facing any of these circumstances, requesting a cash offer from a We Buy Houses company might be a good option to consider. However, it’s prudent to think of this as a starting point in your search for solutions. You won’t know if it’s your best move until you know more about other options available to you, which we’ll help you review in a minute. At this point, you’ve probably noticed that We Buy Houses for Cash companies in Davenport can trigger a mixed bag of thoughts that can be difficult to sort. You may like the idea of speed and convenience, but you might be having trouble balancing these with the premium you might pay for a cash-offer service. In this next section, we’ll walk you through some of the pros and cons of using a We Buy Houses company so you can better weigh your options. One of the biggest advantages of working with We Buy Houses for Cash companies in Davenport is that you can sell your home as-is with no repairs required, and they’ll buy homes in any condition. If your home was severely damaged in a weather event, or you’ve fallen years behind on routine maintenance, you can still sell without needing to make the extensive repairs that financed buyers may require. Here are some other pros to consider: That all may sound pretty great to you as a seller if you’re looking to move within weeks rather than the months it might take you to list and sell your home on the market with an agent. However, there are downsides to working with Cash-For-Homes companies. Namely, they typically offer substantially below market value for your home. When considering an offer from a We Buy Houses site, remember that these are house-buying companies, which means they’re ultimately trying to make a profit. They plan to fix up your home and either resell it or rent it out. That takes considerable time, skill, and investment. Here are some potential downsides to weigh: Your home is more than a place where you make memories with family, it’s also likely your biggest asset. Sure, you want to sell quickly, but you could be leaving major money on the table if you choose to work with one of these We Buy Houses for Cash companies. Always do your research, compare your options, and consult with a trusted advisor before accepting any offer. For many home sellers, We Buy Houses for Cash companies can be a solid solution to get a property sold quickly or to access cash for an expected life challenge. On the other hand, the “cash for your home” rehabbing business model has also led to what some housing advocates call predatory tactics. The level of integrity and customer service you experience can vary, even within an established house-buying company that strives to maintain consistent business standards. This is because many We Buy Houses for Cash companies are franchises and often use independent investors or local wholesaling outfits. Your experience greatly depends on the character of the person or group making the offer. If you are considering a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing. Before committing to a We Buy Houses for Cash company, HomeLight suggests you consult with a top agent to get a better idea of what your home might be worth if sold on the open market. Then compare cash offers to what a top agent might be able to get for your home. HomeLight can connect you with a top-performing agent in your market. You can also use HomeLight’s free Home Value Estimator right now to get an initial ballpark estimate in less than two minutes. Within the Cash-For-Homes industry you’ll also encounter a particular group of companies known as iBuyers, or instant buyers. iBuyer companies offer sellers many of the same conveniences of other house-buying operations, but they also leverage automated valuation models (AVMs), which use algorithmic technology to apply historic and current market data to their estimates. AVMs allow iBuyers to make a near-instant offer on your home and provide a user-friendly, mostly online home sale experience. iBuyers have only been around since the mid-2010s, but are now widely available across Florida. iBuyers provide all-cash offers for homes and can close a sale in a matter of days to a few weeks. However, unlike typical We Buy Houses for Cash companies, iBuyers generally seek out homes that are in better condition and usually provide cash offers that are closer to market value, typically in the 90% range. iBuyer offers can sometimes be even higher, depending on the location and market conditions. When considering the iBuyer option, it’s important to note that major iBuyer companies like Opendoor and Offerpad typically charge sizable service fees that can range between 5% and 13%. Sellers who may be a good fit to work with an iBuyer in Davenport include those who prefer to skip staging and showing their home, who live in an area with somewhat similar housing, and who have a home in relatively good shape. It might be surprising to see this agent option included in our story about Cash-For-Homes businesses. Most homeowners seeking information about house-buying companies want to sell a home quickly, not in 124 days. But it’s wise to consider all your options. If your home is in a housing market that’s seller-friendly, listing your property with a top real estate agent can result in a fast sale, especially if the house is strategically priced and superbly marketed. Depending on the property and local market conditions, using an agent could pay off. Selling on the market typically yields the highest selling price, even more so if you partner with a proven professional. HomeLight’s internal real estate transaction data shows that the top 5% of agents sell homes for up to 10% more than average agents. Another significant benefit of consulting with a trusted agent is the insight they can provide through a comparative market analysis (CMA). This is a market report that real estate agents provide to home sellers that acts as a tool to calculate the value of a home. The CMA evaluates a home’s size, features, location, age, and other details in relation to similar properties that have recently sold in the area. A CMA can help you determine an appropriate listing price, which can help estimate how quickly it might sell. In addition, an experienced agent who knows your market may even be able to connect you with buyers who are willing to provide you with a cash offer that’s closer to your home’s market value. Many agents will provide a CMA for free, with no obligation to list your home with them. It can be a valuable tool to weigh your options. If in the end, you decide to sell to a house-buying company, you can proceed with more confidence, knowing you fully examined your options and made a sound financial decision. If you are interested in exploring the agent option, HomeLight can connect you with a top-performing real estate agent in your area today. By and large, most We Buy Houses for Cash companies are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you use an established group with a track record, you can be fairly confident that it’s legit. That said, as with any financial transaction, it’s a good idea to be on the alert for scams. Always research companies before you sign a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the Better Business Bureau website. Watch for anything that just doesn’t seem right. As described in our pros and cons list above, most We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value, minus their estimated repair costs. Here’s an example of what a simplified formula might look like: (Your home’s ARV x .70) – repair costs To see how this might work in a real-world scenario, let’s take a look at an example offer equation. Let’s say your Davenport ranch could sell for $350,000 after repairs, but it’s going to need $30,000 of work to get there. ($350,000 x .70) – $30,000 = $215,0000 In this example, a Davenport We Buy Houses company might offer you around $215,000 for your home. However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more than We Buy Houses companies because iBuyers look for homes in better condition. An iBuyer might pay you 90% or more of market value while charging a fee for their services. When you accept an offer from a We Buy Houses for Cash company, you will likely be coming to grips with a two-edged sword. On the one side, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once the offer is accepted. On the other side, you’ll likely get less money overall for your home. Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive is going to be the price you walk away with at the end of the deal. Of course, it’s always a good idea to flat-out ask the company if there are any hidden program fees that might impact your bottom line. Another helpful exercise is to compare how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s take a glance at how different aspects of the sale might look, and compare possible proceeds. Example net proceeds Below, we’ve put together one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and an agent-assisted sale. Let’s say your ranch home in Davenport is currently worth about $326,500 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $351,500. As this example illustrates, financially it’s usually in your best interest to partner with an experienced real estate agent. However, net proceeds are not the only consideration when selling a home. What’s best in your situation will depend on the condition of your property, what level of repairs are needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent timeline might not fit your immediate needs. House-buying companies can be a good alternative for Davenport sellers in need of a quick home sale, but it’s important to consider both the benefits and drawbacks. When it comes to selling your home, it’s wise to avoid making any hasty decisions. Before making a commitment to a Cash-For-Homes company, gather multiple offers and take the time to weigh your options. Consider consulting with a top agent for expert insights on how soon, and for how much, your property might sell on the market. Whatever you decide, HomeLight would be happy to help with your real estate needs!Working with house-buying companies in Davenport
Popular We Buy Houses for Cash companies in Davenport
My Florida Home Buyers
Simple Sale (a HomeLight platform)
House Heroes, LLC
Freedom Cash Home Buyers
FL Cash Home Buyers, LLC
The Buy Guys
We Buy Houses
Why sell your Davenport house for cash?
Pros and cons of house-buying companies in Davenport
Pros
Cons
Vet cash buyers and know your home’s worth
Other options to sell your home quickly
iBuyers
Listing with an agent
FAQs on Davenport house-buying companies
Are We Buy Houses for Cash companies legit or scams?
How much will We Buy Houses for Cash companies in Davenport pay?
How much does selling a home to a We Buy Houses for Cash company in Davenport cost?
How do you sell a house for cash in Davenport?
We Buy Houses for Cash in Davenport vs. top Davenport agent
Aspect of the sale
Sell to a We Buy Houses for Cash company in Davenport
Sell with a top Realtor in Davenport
Selling timeline
7 to 30 days
124 days average; 70 to attract an offer, 54 to close the loan
Home preparations
None
Deep clean, declutter, make necessary repairs, landscape, stage home
Showings
None
10 to 25 showings average
Inspections / repairs
None
May need to make additional repairs for the buyer or renegotiate the price
Appraisal
None
May need to lower your asking price if the appraisal comes in low
Title search
Cash-for-homes companies often handle title issues
Must clear title before you can sell home
Financing contingency
None
Mortgaged buyers use a financing contingency that could hold up the deal if the buyer’s loan doesn’t clear
Agent commission
None
5.8% average
Closing costs
None
1% to 3% of the home sale price on top of agent commission
Sell to a We Buy Houses for Cash company in Davenport
Sell with a top Realtor in Davenport
Estimated sale price
($351,500 x .70) – $25,000 = $221,050
$326,500
Market preparations
0
$3,265 (1% of sale price)
Agent commissions
0
$18,937 (5.8% of sale price)
Closing costs
0
$4,897 (1.5%)
Estimated take-home for seller
$221,050
$299,401
Key takeaways