We Buy Houses Review 2024
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In this review we evaluated We Buy Houses’ features, plans, pricing, and other important aspects to help our readers make a more educated purchase decision.
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What Is We Buy Houses?
We Buy Houses is a real estate investing company that helps homeowners sell their property to cash buyers, regardless of the home’s condition.
The Texas-based company consists of a nationwide network of investors who specialize in purchasing and renovating distressed homes and selling them for profit.
We Buy Houses is commonly confused with its competitor, We Buy Ugly Houses (HomeVestors), due to their similarities in names and business models. However, the two brands are completely different and unrelated.
We Buy Houses is also used by investors. It offers the company’s license to conduct business under its brand and with its proprietary marketing strategies. However, this is not a franchise.
What Is We Buy Houses Used For?
The following are the various ways sellers and investors can use We Buy Houses.
- Quick home sales — As a homeowner, you can sell your house to We Buy Houses as-is, meaning you don’t have to do any renovations. Closing is also fast, taking as little as 14 days due to the cash-based nature of the deals.
- Expert advice and support — Once you contact the company to sell your house, an expert will contact you to begin the sale process. The expert, usually an experienced We Buy Houses investor, will guide you through the entire process and be available to answer any questions you might have.
- Lead generation — Real estate investors who are accepted into the We Buy Houses investor network receive motivated seller leads. The leads are directly sourced from sellers who choose to sell through WeBuyHouses.com and from Google and social media ads.
- Branding — Real estate investors who join the network can use the company’s branding. This is often advantageous because of the popularity and reputation of the brand.
We Buy Houses Users Breakdown by Specialty
Is We Buy Houses Legit?
Yes. We Buy Houses is a legitimate real estate investing brand that has been connecting different types of motivated sellers with cash home buyers since 1997.
The company has its headquarters in Texas and was started by Jeremy Brandt, who’s also the founder of Fast Home Offer and 1-800-CashOffer, two of the most recognized brands in residential real estate investing.
We Buy Houses is widely used nationally, operating in over 200 markets in 30 states. Furthermore, thousands of homes are also sold through the platform each month.
We Buy Houses is safe for its users. The website is equipped with SSL encryption for a secure connection. The real estate company discloses all the third-party companies with which it might share your data.
Additionally, the company has been featured a lot online, particularly in blogs, forums, and review platforms like BBB.
Most of the reviews and testimonials are positive, further proving that We Buy Houses is not a scam.
All factors considered, we are certain that We Buy Houses is not a ripoff. However, many imitators and fake companies pose as We Buy Houses (due to the generic nature of the company’s name) to scam unsuspecting customers.
We Buy Houses Customer Reviews
We Buy Houses Pricing
We Buy Houses is used by home sellers and investors. Here’s how the price structure compares for both types of users.
Seller pricing
There are no service fees for homeowners who choose to sell their homes through WeBuyHouses.com.
You don’t need to pay any agent commissions and fees since you deal directly with cash buyers. There are also no closing costs.
That said, you should expect low cash offers, as investors buy homes as-is and, therefore, cover repair and closing costs and any other expenses.
Investor pricing
We Buy Houses makes money through its investors. House flippers, wholesalers, and other investors can join as independent partners for a fee.
By paying licensing and marketing fees, investors can operate as WeBuyHouses.com and use the company’s brand and marketing materials in their business.
Investors also get a continuous supply of leads from the company.
Unfortunately, We Buy Houses has not publicly shared the licensing charges investors are required to pay to use the company branding and for benefiting from its real estate investor lead sources.
We Buy Houses Features
We Buy Houses is a service that simply connects sellers and buyers, so the platform isn’t packed with features and tools.
We Buy Houses for Sellers
For sellers, the company has a straightforward step-by-step process that they can follow to use the service.
- Visit the company website and fill out the seller’s form with the required contact and property information. One of your local home buyers will contact you in 24 hours or less to schedule a viewing of your property.
- Within 24 to 48 hours of viewing, a We Buy Houses representative will present you with a no-obligation cash offer with no service fees or closing costs. If you accept the offer, you can choose a closing date and proceed with the sale. If the offer doesn’t work for you, you can reject it with no penalties or fees.
We Buy Houses for Investors
We Buy Houses is not a real estate investment franchise, but it has a business model similar to that of franchisors.
- Investors first contact the company to join the We Buy Houses investor network.
- We Buy Houses thoroughly vets the applicants to ensure they’re experienced and have a solid track record and reputation as real estate investors.
- Once you’re accepted into the program as an investor, you’ll be required to pay licensing fees to use the We Buy Houses name and branding to (independently) start and operate your real estate investing business.
We Buy Houses Pros and Cons
Pros
- Fast home sales that take as little as 14 days.
- Properties are sold as-is, making We Buy Houses a great option for those with severely damaged homes.
- The company works with homeowners in all sorts of difficult situations, including short sales, foreclosures, and bad tenants.
- We Buy Houses vets all investors, meaning sellers always deal with experienced experts who know the ins and outs of real estate deals.
- The company deals in many types of properties, including single-family homes, townhouses, mobile homes, condos, multifamily homes, and commercial properties (in certain situations).
- We Buy Houses purchases homes that are agent-listed.
Cons
- Sellers get much less compared to what they would get by using realtor services.
- There isn’t much room for negotiation with the cash buyers.
- Inconsistent service quality since We Buy Houses investors operate independently.
- For newbie investors, buying a license from We Buy Houses is not a viable way to start a home flipping business or get into wholesaling real estate under professionals’ guidance. As the company states on its website, its license is recommended for established businesses.
We Buy Houses Integrations
We Buy Houses Alternatives
We Buy Houses Achievements
Awards & Recognition
Best Real Estate Investing Company (Awarded by Real Estate Bees)
Press & Media
We Buy Houses FAQs
How many clients does We Buy Houses serve?
We Buy Houses has helped more than a million homeowners sell their property. The company also connects thousands of motivated house sellers with local buyers each month, indicating its popularity.
Furthermore, the real estate investing company operates in over 200 markets across 30 states.
Who founded We Buy Houses?
Jeremy Brandt started WeBuyHouses.com in 1997 and serves as the company’s CEO. The founder is a successful real estate entrepreneur with over two decades of experience as an investor and innovator.
Besides We Buy Houses, he also started Fast Home Offer and 1-800-CashOffer, thanks to his background in software development, SEO, and marketing.
What is We Buy Houses’ customer service number?
Prospective clients and partners can contact We Buy Houses by calling (877) 932-8946 or emailing [email protected].
We Buy Houses Tutorials & Training
Is We Buy Houses Worth It?
We Buy Houses is a suitable option for homeowners in need of cash and those with badly damaged properties they don’t want to fix up to sell.
It may be a good choice if you want to find a real estate investor to sell your house fast due to foreclosure, divorce, job relocation, and other similar factors.
We Buy Houses has received many positive reviews which praise the company’s speedy closing process and transparency in deals.
Still, you should expect to receive offers that are up to 50% lower than what you would receive by using a real estate agent to sell your home for you. There’s also very little room to negotiate offers.
For investors, We Buy Houses is a good source of motivated seller lead generation, as the company gets thousands of properties for sale each month due to the popularity of the brand.
As a result, the platform is worth considering for wholesalers and house flippers.
We Buy Houses Contacts
- Website: Official website
- Phone: (877) 932-8946
- Email: [email protected]
- Address: 2140 E. Southlake Blvd., Suite L615, Southlake, Texas 76092
- Socials: Facebook, Twitter, LinkedIn, YouTube
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About the Author:
With over 20+ years of experience in real estate investment and renovation, Brian Robbins brings extensive knowledge and innovative solutions to the HouseCashin team. Over the years Brian has been involved in over 300 transactions of income producing properties across the US. Along with his passion for real estate, Brian brings with him a deep understanding of real estate risks and financing.