7 Best Companies That Buy Houses for Cash in California in 2024 (2024)

Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers. In an attempt to secure your property, investors could make multiple cash offers for your home.

• Fee:Houzeo does not charge a 5% service fee or any undisclosed closing fee
  • $399 + $350 at Close: MLS Listing: 6 months, 24 photos
  • $399+0.5% at Close:Maximum photos, premium yard sign
  • $429+0.5% at Close:Pricing assistance, contract review, real estate forms, licensed broker assistance
  • $449+1% at Close: Virtual full-service with licensed broker, offer negotiations
• Typical Offer: Up to 100% of your property’s fair market value (FMV).
• Eligible Properties: On Houzeo Marketplace, you can market properties in any condition and sell your house as is.
• Closing Offer Terms: You can specify your preferred closing date and the closing offer terms.

👉 Our Take: For sellers looking to maximize their cash offers, we recommend Houzeo’s Gold plan. You will have access to Houzeo’s advanced features to negotiate the best terms for your cash offer.

Houzeo is a real estate marketplace and America’s #1 Flat Fee MLS service because of 4 reasons:

1. Max Exposure: Houzeo MLS packages give you access to the MLS and 100s of websites like Zillow, Trulia, Realtor.com, Redfin, etc.
2. 5-Star Customer Service: Houzeo has a fully staffed customer service desk available 6 days a week. Chats and emails are open 7 days a week.
3. 100% Online:Houzeo is high-tech. For you, this means easylisting, fast changes, onlineshowings, and onlineoffers. TheHouzeo Mobile Appis also very powerful.
4. No Listing Commission:In most states, you’llpay just a small flat fee tolist on MLS. Houzeo covers 47 states and DC! Remember, all fees are disclosed upfront, so there are no Houzeo hidden fees. You get to bypass the listing agent commission!
5. Home Value Estimator: Houzeo’s home value estimator is online and quick to know the FMV of your home. It provides free home value estimates within 30 seconds.

There areno dealbreakers with Houzeo. Check out the blog on Houzeo pros and cons.

»Houzeo Reviews:Houzeo israted “Excellent”with a 4.9 out of 5-star rating by 10,000+ home sellers on Google and Trustpilot!

Opendoor is the country’s biggest iBuyer. They offer fast cash for homes with flexible closing timelines.

• Service Fee: 5% of Home Sale Price.
• Typical Offer: 70% to 80% of your property’s fair market value (FMV).
• Eligible Properties: Opendoor will make cash offers only on owner-occupied properties built post-1930 with a maximum lot size of 1.5 to 2 acres. Prefabricated homes, inherited properties, or homes with tenants do not qualify for Opendoor’s cash offer.
• Closing Offer Terms: Opendoor lets you close at your pace, up to 45 days out. The final offer terms may change after the home inspection.

» Opendoor Reviews: Why Opendoor will Pay Much Less than Fair Market Value in 2023?

• Broad Coverage: Opendoor pays cash for houses in 51 markets– including Boston, Albuquerque, San Francisco, and San Jose.
• Flexible Closing Dates: Opendoor gives you the ability to close at your convenience up to 45 days out.
• Late Checkout Upto 14 Days: Opendoor allows sellers to close on their homes, receive sale proceeds, and temporarily rent their homes.
• No Cancellation Fees: You can cancel the contract without any cancellation fee.
• No Upfront Costs: When you sell to Opendoor, you skip the traditional home selling process. No need to fix, repair or stage the property!

»Opendoor complaints: Click here to learn about the pros and cons of them.

• Lowball Cash Offer: Opendoor’s final cash offer may be below the property’s fair market value, around 70%. They also deduct repair and closing costs.
• Hefty Service Fees: Opendoor revises the final cash offer based on the inspection report. The service fees may increase from 5%. The repair cost breakdown is not disclosed in the closing statement.
• Opendoor May Back Out of the Deal: Some homeowners have had a bad experience with Opendoor. Opendoor backed out of the cash deal at the last minute, leaving the homeowner stranded.
• Undisclosed Repair Cost Breakdown: The difference between Opendoor’s preliminary offer vs. final offer can be humongous. In many cases, sellers were forced to pay for unnecessary “repairs.”
• Strict Eligibility Criteria: Opendoor doesn’t pay cash for inherited properties, homes with tenants, pre-fabricated or mobile homes, and properties located in a flood zone.

» Opendoor Complaints: Check out the common complaints of Opendoor.

Opendoor has a rating of 4.4 out of 5 starson Reviews.io.

» Opendoor vs. Houzeo: Which should be your first choice?

Express Homebuyers is a real estate investor network that makes all-cash offers on houses. They specialize in dealing with sellers who don’t wish to make repairs and want to sell “as-is.”

• Service Fee:None
• Typical Offer:50% to 70% of Fair Market Value (FMV)
• Eligible Properties: Distressed properties with structural issues, condemned properties, bad mortgage financing, inherited houses, etc.
• Closing Offer Terms: Express Homebuyers purchases homes in under 7 days, or a convenient date of your choice.

👉 Our Take: Express Homebuyers is great to unload an extremely distressed property. However, if your house needs minimal repairs only, then you should consider listing on the MLS.

» Express Homebuyers Reviews:Is there really no service fee?

• Fast Cash Offer:Express Homebuyers presents a preliminary cash offer within 7 minutes!
• No Obligations Offers: You will get a free, no-obligation offer for your property even damaged ones.
• Near Nationwide Coverage: Express Homebuyers offers cash for houses in almost all states, including top states like California, Texas, and Florida.
• Flexible Closing Date: Closing dates can be finalized as per the owner’s terms.
• No Additional Charges:Express Homebuyers has no service fees, they even pay the closing costs.
• Sell As-Is: You save on repair costs, and sell your house as-is.

» What is Express Homebuyers?Read our in-depth analysis of Express Homebuyers.

• Poor Customer Support:Previous clients have complained about their lack of communication and half-hearted responses.
• Non-Negotiable Offer: Express Homebuyers will not offer more than 70% of your property’s fair market value.

Express Homebuyers has a rating of 4.3 out of 5-star with 120+ reviews on Google Reviews.

» Express Homebuyers Review: Check out our exclusive reviews of Express Homebuyers.

Sundae Real Estate isn’t a typical “we buy houses for cash” company. It is a ‘cash investor marketplace’ where pre-qualified investors who buy homes can place bids.

After your house has been assessed by Sundae’s home inspectors, they will create a listing on Sundae.com. This listing is broadcasted to Sundae’s subscribers.

• Service Fee:None
• Typical Offer: 30% to 70% of Fair Market Value (FMV)
• Eligible Properties: Rundown homes that need too many repairs or expensive upgrades, homes with bad tenants, inherited properties, etc.
• Closing Offer Terms: Sundae provides a flexible closing date, up to 60 days out. Offer terms are inflexible, but there is a possibility for negotiation.

👉 Our Take: No matter how distressed your property is, Sundae’s investors will make a cash offer. If you want to quickly unload a severely distressed property, listing on Sundae.com may help.

» Sundae Real Estate Reviews: Is it a cash investor marketplace in 2023?

• Marketplace With Pre-Vetted Investors: Sundae Real Estate is a unique cash buyer marketplace. It has over 3,000 pre-vetted real estate investors. Sundae acts as the communication platform between the home seller and the home buyer till the property closes.
• Multiple Cash Offers: Interested Sundae investors will make bids on your distressed house. If your home is appealing, it may attract multiple cash offers.
• Cash Advance of Up To $10,000: Eligible home sellers can receive up to $10,000 through Sundae’s Cash Advance Program. Any funds you may receive through the Cash Advance are part of, and not in addition to, your sale proceeds. This is not available for tenant-occupied properties.
• Zero Service Fees: Sundae Marketplace doesn’t charge any service fee.
• No Upfront Costs: When selling with Sundae, you don’t have to invest in home staging companies to renovate or fix broken door frames. You can sell your house as-is.

» How does Sundae work? Check this out to learn more about them.

In our research, we came across some of Sundae Marketplace’s deal breakers.

• Lowball Cash Offer: Sundae investors pay less than what sellers can get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
• Sundae Marketplace is Available in 11 Markets ONLY: Sundae homebuyers make cash offers in limited locations- Atlanta, Dallas, Fort Worth, Houston, Inland Empire, Las Vegas, Oakland, Orange County, Los Angeles, Orange County, San Diego, and Seattle.
• Non-Negotiable Cash Offers: Sundae.com homebuyers will not offer more than 70% of your property’s fair market value. You can try to negotiate if they overlooked something important, but Sundae investors will rarely budge on the price.
• Home Selling Experience Depends on the Investor: When you sell to home buyers like Sundae, you sell your house to a local investor. Although Sundae is the communication platform throughout the offers stage to closing, the home selling experience may differ based on the investor you have chosen.

John Medina Buys Houses is a home-buying company that buys houses for cash in California. The process starts with a simple online form, a home inspection, and finally, you will receive a cash offer.

• Service Fee:None
• Typical Offer:50% to 70% of Fair Market Value (FMV)
• Eligible Properties: Distressed propertieswith structural issues, condemned properties, couples going through a divorce, a death in the family, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
• Closing Offer Terms: They close the deal anytime between 7 to 30 days as per your convenience.

👉Our Take:John Medina Buys Houses is best for home sellers looking for instant offers. But, if you want better offers, you should list your home on the MLS.

» What Is John Medina Buys Houses: Read this to know more about the company.

• Fast Cash Offers: You will get an offer in approximately 24 hours.
• Quick Closing: John Medina Buys Houses offers flexible closing from three weeks to any time of your choice.
• Sell As-Is: You need not prep your home before the home inspection, they will make all the repairs and do renovations.

Here are some drawbacks we came across during our research of John Medina Buys Houses:

• “John Medina Buys Houses” May Back Out of the Deal:Some homeowners have had a bad experience with John Medina Buys Houses. They backed out at the last minute, leaving the homeowner stranded.
• Lowball Cash Offer:The final cash offer may be below the property’s fair market value, around 70%. They may also deduct repair andclosing costs.

John Medina Buys Houseshas4.6 out of 5stars from 40+ reviews on Google Reviews.

» John Medina Buys Houses Reviews: Read our in-depth review on John Medina Buys Houses.

WeBuyHouses.com is a pre-vetted real estate investor network. We Buy Houses “thoroughly” vet their investors before authorizing them to operate independent offices in their respective jurisdictions.

• Service Fee:None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Eligible Properties: Distressed properties with structural issues, relocation of the homeowner, couples going through a divorce, a death in the family, flawed mortgage financing, inherited homes, high-crime neighborhoods, etc.
• Closing Offer Terms: We Buy Houses provides a flexible closing date, up to 60 days out. Offer terms are inflexible.

👉 Our Take: We Buy Houses operates on a franchise model, so the quality of service may differ. You should check the reviews of their local franchise before requesting cash for your home.

• Fast Cash Offers for Houses: You will typically receive WeBuyHouses.com’s initial cash offer within two days.
• Zero Service Fees: WeBuyHouses doesn’t charge any service fee in exchange for the convenience of selling your home for cash
• Fast Closing: We Buy Houses.com will close in just seven days after you accept their cash offer.
• Firm Cash Offer: We Buy Houses Com’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
• Broad Coverage: We Buy Houses makes cash offers on properties in 200 markets in over 30 states. WeBuyHouses com has 2,700 offices nationwide.
• Zero Upfront Expenses: When selling to WeBuyHouses Com, you don’t need to prep the home or worry about repairs.

» What is “We Buy Houses”? To know more about them check this out.

• Lowball Cash Offer: We Buy Houses investors may put in lowball cash offers around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
• WeBuyHouses.com is Not 100% Online: WeBuyHouses has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. We Buy Houses does not offer a mobile app.
• Non-Negotiable Cash Offers: A ‘We Buy Houses’ investor may not offer more than 70% of your property’s fair market value. Even if your property isn’t distressed, they will rarely budge on the offer price.
• Inconsistent Quality of Service: When you sell to a cash buyer franchise like WBH, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

» WeBuyHouses.com vs. Houzeo: Learn why Houzeo is better than “We Buy Houses”.

We Buy Houses has 2.33 stars out of 5 on Better Business Bureau from 5+ customer reviews.

» webuyhouses.com reviews: Check this out to know more about them.

We Buy Ugly Houses is a 20-year-old cash home buyer franchise. Independent real estate investors own and run each franchisee office. The parent company trains the franchisee but doesn’t micromanage their cash home-buying preferences. The brand, We Buy Ugly Houses is owned by HomeVestors.

• Service Fee:None
• Typical Offer: 50% to 70% of Fair Market Value (FMV)
• Eligible Properties: Ugly homes with structural issues, bad mortgage financing, inherited houses, high-crime neighborhoods, etc.
• Closing Offer Terms: WeBuyUglyHouses provides a flexible closing date, up to 30 days out. Offer terms are subject to change based on the local franchisee office.

👉 Our Take: We Buy Ugly Houses is best for sellers who want to unload their distressed houses quickly. You shouldn’t expect more than 70% of your property’s market value.

• Fast Cash Offers for Homes: WeBuyUglyHouses.com will share a preliminary cash offer for your property in 24 to 48 business hours.
• Zero Service Fees: WeBuy Ugly Houses doesn’t charge any service fee in exchange for the convenience of selling your home for cash.
• Fast Closing: We Buy Ugly Houses.com will close in just seven days after you accept their cash offer.
• Firm Cash Offer: We Buy Ugly House’s cash offer is usually in line with the preliminary cash offer unless the inspector identifies major flaws during the home inspection.
• Wide Coverage: We Buy Ugly Houses offers cash for homes in 1,100 locations across 45 states.

» We Buy Ugly Houses Review: How does WeBuyUglyHouses.com calculate your cash offer?

In our research, we found some We Buy Ugly Houses drawbacks.

• Lowball Cash Offer: We Buy Ugly Houses pays less than what sellers could get on the open market. The cash offer is around 50% to 70% of the property’s fair market value.
• WeBuyUgly Houses.com is Not 100% Online: We Buy Ugly has a limited tech stack. This means a lot of processes, like requesting a counteroffer or managing inspections, will be offline and manual. They don’t even have a mobile app.
• Non-Negotiable Cash Offers: We Buy Ugly Houses will not offer more than 70% of your property’s fair market value. They rarely increase the price quoted in the initial cash offer.
• Inconsistent Quality of Service: When you work with house buyers like WeBuy UglyHouses, you sell your house to a local real estate investor. The service quality will differ based on the independent investor you are dealing with.

We Buy Ugly Houses has 1.6out of 5 stars with 9+ reviews on Yelp.

» We Buy Ugly Houses Complaints: Check what customers say about WeBuyUglyHouses.com.