5 Top We Buy Houses for Cash Companies in Gastonia
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Joseph Gordon Associate EditorJoseph Gordon is an Associate Editor with HomeLight. He has seven years of experience reporting on the commercial real estate and insurance industries. He holds an MFA in Creative Writing from the University of San Francisco.
At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
Do you need to sell your Gastonia home fast? “We Buy Houses” companies in Gastonia could offer the solution you need. These businesses specialize in making all-cash offers for homes, often targeting properties that require some renovations or repairs.
This post will explore both the advantages and drawbacks of using house-buying companies in Gastonia, showing you how the process works and providing you with some alternatives.
Sell Your House Fast in Gastonia With a Cash Offer
Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses. Available to sellers throughout Gastonia.
Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Gastonia area “We Buy Houses” companies should not be considered an endorsement.
Selling your home in Gastonia to a house-buying company streamlines the process significantly. Here are the key steps you should expect:
1. Contact the company: Start by reaching out to a house-buying company in Gastonia. You’ll likely need to submit some initial details about your home online or over the phone.
2. Schedule a visit: The company will arrange a visit to assess your home’s condition. This evaluation is quick and respects your schedule.
3. Receive an offer: Shortly after their visit, the company will present you with an all-cash offer. This usually happens within a few days.
4. Review the offer: Take some time to consider the offer. Remember, these offers are usually firm with little scope for negotiation.
5. Close the deal: If you accept the offer, the company will handle most of the closing details. The closing can occur in as little as a week, allowing you to access your funds rapidly.
6. Move out: Prepare to vacate your home by the agreed-upon date, which is often flexible to accommodate your needs.
Popular We Buy Houses for Cash companies in Gastonia
If the process of selling to a house-buying company in Gastonia sounds 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 or your parents’ Ranch style or Colonial. By selling to one of these companies, you should be able to sell your Gastonia home in as little as a week or two.
Green Street Home Buyers
Green Street Home Buyers is a real estate investment company based in Durham. Serving North Carolina, they buy properties directly from homeowners and landlords with all-cash offers that close quickly. The company specializes in resolving challenging situations like foreclosure, tax issues, or inherited properties.
Locations: Raleigh, Durham, Burlington, Greensboro, High Point, Rocky Mount, Charlotte, Concord, Gastonia, Fayetteville.
Closing costs: Green Street Home Buyers often pay for closing costs.
Green Street Home Buyers has been BBB accredited since 2022 and holds an A rating. Clients of Green Street Home Buyers appreciate the company’s convenient, smooth, and rapid process, highlighting their adeptness at handling complex sales scenarios, like selling rental properties. It has a Google rating of 4.6.
Website: www.greenstreethomebuyers.com
Phone number: 919-926-1791
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in Gastonia (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 Gastonia.
With Simple Sale, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 10 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including Gastonia
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a HomeLight platform. HomeLight was founded in 2012 and is BBB-accredited with an A+ rating. The company has 4.8 stars on Google based on hundreds of 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.
Learn more: homelight.com/simple
Phone: 844-488-8455
Vets Buy Houses NC
Vets Buy Houses is a veteran-owned real estate solutions company based out of North Carolina, serving both North and South Carolina. They buy, sell, and rent real estate, specializing in distressed properties that need work.
Locations: Gastonia and all over North and South Carolina
Closing costs: Seller pays no closing costs; Vets Buy Houses in NC will cover closing costs.
Clients of Vets Buy Houses NC express appreciation for the company’s professionalism, timeliness, and ease of service. Particularly, those with properties in need of extensive repairs find the company’s as-is purchase model to be beneficial, eliminating the hassle and cost of fixing up the property themselves. It holds a Google rating of 5.0.
Website: vetsbuyhousesnc.com
Phone number: 919-410-7263
NC HomeBuyers
NC Homebuyers is a local home-buying company serving Raleigh and surrounding communities, including Cary, Durham, Chapel Hill, Garner, Apex, and Morrisville. The company stands out for its quick, competitive cash offers aimed to facilitate a speedy selling process with personal service.
Locations: Gastonia and surrounding areas
Closing costs: Sellers pay no closing costs; NC HomeBuyers covers them.
NC HomeBuyers has been BBB accredited since 2022 and holds an A+ rating. Reviews for NC HomeBuyers highlight the company’s professionalism, honesty, and effective communication. Customers particularly appreciate the seamless, stress-free experience of selling their homes with this company. It’s Google rating is 4.7.
Website: nccashhomebuyers.com
Phone number: 919-283-5585
We Buy Houses, Gastonia
WeBuyHouses.com was founded in 1997 and buys houses in 200 markets and 30 states in any condition. According to their website, they have been trusted by 1 million homeowners and can present a cash offer even if the homeowner is behind on their mortgage or facing foreclosure.
Locations: Nationwide, including Durham
Closing costs: Sellers pay no closing costs; WeBuyHouses.com covers them.
WeBuyHouses.com has been BBB accredited since August 2020 and has an A+ rating. Customer reviews for WeBuyHouses.com speak to their professionalism and understandable procedure.
Website: webuyhouses.com/NC/Gastonia/
Phone number: 704-851-8477
Why sell your Gastonia house for cash?
There are plenty of valid reasons a Gastonia home seller may choose to work with a Cash-For-Homes company. The benefits of speed, certainty, and remarkable convenience are the most commonly cited.
In Gastonia, it typically takes around 120 days to sell a home on the market using an agent. That includes an average of 76 days on the market plus the typical 44 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 Gastonia, 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.
Here are some common scenarios where working with a cash-for-homes company could be the best solution for your needs:
- Job relocation: If you need to move quickly for a new job, selling for cash speeds up the process.
- Divorce: Divorce can require quick asset division; selling your home for cash simplifies this step.
- Inherited property: Dealing with inherited properties can be complex; a cash sale makes it straightforward.
- Downsizing: When you’re ready to move to a smaller space, a quick cash sale eliminates long market waits.
- Major repairs needed: If your home requires extensive repairs, sell it as-is to a cash buyer without the hassle.
- Avoiding open houses: Selling for cash means you can skip the stress of organizing open houses.
- Foundation issues: Cash buyers typically accept properties with significant issues like faulty foundations.
- Foreclosure threat: Selling for cash may prevent foreclosure and its impact on your credit score.
- Problematic tenants: Cash sales can resolve situations with difficult tenants quickly.
- Out-of-state seller: Manage the sale from afar more easily with a straightforward cash transaction.
Pros and cons of house-buying companies in Gastonia
When considering selling your home in Gastonia to a house-buying company, it’s important to weigh the quick and convenient benefits against the potential financial drawbacks.
Pros
- Fast closing: These companies can close on your home quickly, often within days, enabling you to access funds promptly.
- Buy ‘as-is’: Your home can be sold in its current condition without any repairs, saving you time and money. As-is
- Simple process: The selling process is straightforward, with less paperwork and no need for open houses or staging.
- No contingencies: Offers from these companies typically come without contingencies, which speeds up the closing process.
Cons
- Lower offers: Offers from cash-buying companies are often below market value, which might not meet your financial goals.
- Limited negotiation: The price offered is usually take-it-or-leave-it, with little room for negotiation.
- Risk of scams: It’s crucial to research companies thoroughly as the industry can attract scams.
- Potential regret: You might later regret not exploring other selling options that could have yielded a higher sale price.
Curious What Your Home Is Worth?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
Vet cash buyers and know your home’s worth
When you decide to sell your home to a house-buying company in North Carolina, the experience can vary greatly depending on the company’s integrity and the specifics of their offer. Here’s how to ensure you’re making a sound decision:
- Research the company: Look up reviews and testimonials to gauge the company’s reputation and reliability.
- Verify credentials: Check if the company is registered and has a good standing in the industry.
- Understand the offer: Read the buying agreement carefully before committing. Make sure you understand all terms and conditions.
- Know your home’s value: Have an idea of what your home is worth in the current market to evaluate if the cash offer is fair.
HomeLight suggests you consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. Then, compare your cash offer. HomeLight can connect you with a top-performing agent in your market. You can also use HomeLight’s Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Other options to sell your Gastonia home quickly
iBuyers: Instant buyers like Opendoor and Offerpad use automated valuation models (AVMs) to make quick, all-cash offers based on market data. The iBuyer process is fast, completing sales in a few days to two weeks, although they charge service fees of 5%-6%.
Listing with an agent: Selling through a top real estate agent can also be fast if the market conditions are right and your home is well-priced. Agents provide a comparative market analysis (CMA), often free, to set competitive prices. This approach can yield higher returns, especially with expert marketing.
To explore these options further and connect with a top agent, HomeLight can assist you today.
FAQs on Gastonia house-buying companies
By and large, most We Buy Houses for Cash companies in Gastonia 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 Gastonia 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 Gastonia Colonial could sell for $280,000 after repairs, but it will need $30,000 of work to get there.
($350,000 x .70) – $30,000 = $171,000
In this example, a Gastonia We Buy Houses company might offer you around $171,000 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 Gastonia We Buy Houses for Cash company, you will likely be coming to grips with a double-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 it is accepted. Conversely, 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 will be the price you walk away with at the end of the deal. Of course, asking the company if any hidden program fees might impact your bottom line is always a good idea.
1. Research and vet the house-buying companies that serve your Gastonia area. Our list above is a good place to start.
2. Submit offer requests to a few of the companies you like best.
3. Schedule any required on-site property visits.
4. Compare offers. Weigh the pros and cons and choose the best option for you.
5. Close the sale in a week to 30 days and get paid. (Some companies will let you choose a closing date up to 90 days after accepting the offer, which can be helpful when planning a move.)
We Buy Houses for Cash in Gastonia vs. top Gastonia agent
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.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in Gastonia | Sell with a top Realtor in Gastonia |
| Selling timeline | 7 to 30 days | 120 days average; 76 to attract an offer, 44 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 the 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 |
Example net proceeds
Below, we’ve compiled 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 home in Gastonia is worth about $280,000 and needs about $25,000 in repairs. Once the repairs are completed, the home might be worth around $305,000.
| Sell to a We Buy Houses for Cash company in Gastonia | Sell with a top Realtor in Gastonia | |
| Estimated sale price | ($305,000 x .70) – $25,000 = $188,500 | $280,000 |
| Market preparations | 0 | $2,800 (1% of sale price) |
| Agent commissions | 0 | $16,240 (5.8% of sale price) |
| Closing costs | 0 | $4,200 (1.5%) |
| Estimated take-home for seller | $188,500 | $256,760 |
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.
Key takeaways
- Quick sale: Selling to a house-buying company in Gastonia can expedite the sale process, making it a good choice if speed is a priority.
- Sell as-is: You can sell your home in its current condition, avoiding the cost and time associated with repairs.
- Simple process: The selling process is streamlined, with fewer steps and less paperwork than traditional real estate transactions.
- Consider all offers: Although convenient, these companies typically offer less than the market value.
- Know your home’s worth: Always be aware of your property’s estimated market value before you proceed with a cash-offer company.
At HomeLight, we’re happy to lend a guiding hand in navigating your real estate journey. Let us help you make an informed and confident decision, whether you’re looking for a no-obligation cash offer through a trusted platform like Simple Sale or seeking to consult with a top Gastonia agent.
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