7 Top We Buy Houses for Cash Companies in Florida

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We Buy Houses companies in Florida provide 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’re looking to move out of your Orlando home and retire to a gulf-front condo in Sarasota. Or perhaps you need to sell your mission-style Miami property so you can start your new job in Atlanta  — but repairs have gotten away from you.

Whatever the case, you don’t have time or energy to give your tropical landscaping a fresh look or wait for snowbirds to secure their financing.

That’s where Florida We Buy Houses companies come in. To help you select a trustworthy option, we’ve put together a list of reputable house-buying operations that serve locations within the state for anyone interested in exploring this potential solution for selling their home.

Disclaimer: This post is meant to be used for educational purposes only and does not constitute legal or financial advice. Links and mentions of Florida “we buy houses” companies should not be considered an endorsement.

Sell Your House Fast in Florida 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 Florida.

Working with house-buying companies in Florida

We Buy Houses companies in Florida typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. They tend to target distressed properties in need of repairs, and work with sellers who need to move ASAP.

Here’s how the process generally works:

  1. You request an offer and provide the company some information about your home. Some companies may make a preliminary offer at this stage, but it’s usually subject to change once they’ve inspected your property.
  2. The company completes a walkthrough of your property, usually within 24 to 48 hours.
  3. The company makes a firm offer (usually within 24 hours, sometimes on-site after the walkthrough), which you can accept or decline. Most of these companies will not negotiate on price, so the offer is a take-it-or-leave-it scenario.
  4. If you accept the offer, you’ll both sign a contract and the closing process will begin. Some companies offer a large deposit or moving cost assistance, and a few may even pay for the home upfront.
  5. Closing and getting paid is quick, typically within seven days to a few weeks. This can vary by company, and sellers who work with a house-buying company often enjoy flexibility in selecting a move-out date that works for them.

Popular We Buy Houses for Cash Companies in Florida

If these benefits of selling to a house-buying company in Florida sound good to you, it’s time to find a legitimate operation you can trust. We’ve compiled some of the best home-buying companies in Florida that will enable you to quickly sell your home for cash.

Note: 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.

FL Cash Home Buyers, LLC

Formed in 2011, FL Cash Home Buyers, LLC has completed over 800 real estate transactions. The company says its closing process typically takes two to four weeks, but that it can be flexible depending on the seller’s level of urgency and preferred timeline.

Along with providing full cash offers to purchase homes in “as is” condition, Florida Cash Home Buyers also offers another sale option which they refer to as “Novation.”

With this method, the company completes necessary repairs on the property and helps you find a third-party buyer. Due to the improved state of your home, the company says that you may receive 10%-15% more than you would with a regular cash offer.

Locations: Throughout Florida

Closing costs: You pay no closing costs; FL Cash Home Buyers covers them.

Simple Sale (a HomeLight platform)

Simple Sale, a solution from HomeLight, is an online platform where sellers in Florida (and across the country) can request a cash offer for their home. Simple Sale has a network of cash buyers on its platform, and 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 Florida.

Locations: Nationwide, including Florida

Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.

Freedom Cash Home Buyers

Founded in 2017, Freedom Cash Home Buyers prides itself on having no hidden fees or closing deductions.

To work with Freedom Cash Home Buyers, you’ll first speak with a representative over the phone and provide information about your home and needs. After analyzing your home, an employee will provide you with an offer over the phone. If you accept the offer, you’ll complete a contract, and typically receive your cash 10 to 20 business days after signing.

Locations: Throughout Florida

Closing costs: Freedom Cash Home Buyers covers closing costs with exception of property taxes.

All About Real Estate

The founder of All About Real Estate, Petru Pusta, is a licensed real estate broker and has been doing real estate transactions since 2008. The company is family-owned and operated and has completed over 1,500 transactions to date. The company can close on homes in as little as seven days but is also happy to accommodate longer closings.

To work with AARE, you’ll speak with a company representative over the phone or online, where you can explain your current situation. AARE is flexible in the types of homes it buys; the company is equipped to purchase distressed homes or properties with an abundance of clutter, hostile tenants, city/county liens, or violations.

The company will run some comparable sales along with necessary repair costs to determine a fair offer amount. They’ll inspect the home in person and typically make an offer right away. Once you accept, you can set a closing date of your choosing.

Locations: Across the U.S., including all of Florida

Closing costs: You pay no closing costs; All About Real Estate covers them.

The Friendly Home Buyer

The Friendly Home Buyer has an A+ rating from the Better Business Bureau and works with homeowners to close on their homes whenever works best for them.

If you want to work with them, you’ll talk with an employee over the phone and then receive a cash offer. When it’s time to close, you can do so from your home, another state, an attorney’s office, or anywhere else you choose.

Locations: Throughout Florida

Closing costs: You pay no closing costs; The Friendly Home Buyer covers them.

Cornerstone Home Buyers

Cornerstone Home Buyers has been buying homes for over 13 years and became accredited with the Better Business Bureau in 2021. They’ve bought over 100 homes since they’ve been in business.

After touring your home in person or virtually, the company will make you a cash offer with no fees or commissions attached. If you choose to accept the offer, Cornerstone Home Buyers will work with you to schedule a closing date that works for you.

Locations: Throughout Florida, with a focus on the Miami area

Closing costs: Cornerstone Home Buyers covers closing costs.

My Florida Home Buyers

My Florida Home Buyers has been accredited by the Better Business Bureau since 2018 and helps homeowners sell their homes fast and close on their terms.

My Florida Home Buyers is typically able to make offers within 24 hours and can close in as little as seven days. They even guarantee a successful closing, or they’ll pay you $1,000.

Locations: Orlando and the surrounding area

Closing costs: You pay no closing costs; My Florida Home Buyers covers them.

Why sell your Florida house for cash?

While selling your home for cash isn’t for everyone, it does provide the following benefits.

There are plenty of reasons a Florida seller may choose to go the Cash-For-Homes route — speed and certainty being chief among them.

In Florida, it typically takes around 77 days to sell a home on the market using an agent.

Compare that to the seven days promised by many We Buy Houses for Cash companies in Florida, and you can see why these companies remain popular — even though they don’t always offer top dollar.

Pros and cons of house-buying companies in Florida

We Buy Houses for Cash companies in Florida are a bit of a mixed bag. You get speed and service, but you “pay” a sizable premium for that service. Let’s walk through a few pros and cons to consider while weighing your options.

Pros to We Buy Houses for Cash

One of the biggest advantages of working with We Buy Houses for Cash companies in Florida 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.

  • Speed. You can often sell your home in as few as seven days.
  • Skip repairs. Lenders may not agree to provide financing for homes that fail to meet minimum property standards as evaluated by a home appraiser. That means a sunroom addition without a permit or a water damaged bathroom could trigger delays or cause a contract with a financed buyer to fall through. In contrast, Florida cash-for-homes companies generally purchase homes as-is and are usually going to be a lot more willing to accept issues both large and small with your home. This creates a clearer path to settlement and can be a huge relief if you don’t have the funds or time for repairs.
  • Less hassle. When you choose to sell your Florida home with a real estate agent, you’re expected to hide messy piles of flip-flops before showings and trim your overgrown bougainvillea. Selling to a cash buyer allows you to skip many of these stressful tasks related to prepping and repeatedly showing the home.
  • Reduced closing fees. In an agent-assisted sale, you’ll likely pay an agent commission amounting to 5%-6% of the sale price and may be on the hook for additional concessions and closing costs. Selling to a cash buyer will likely eliminate at least some of these fees if not all of them. Many We Buy Houses companies in Florida and across the nation cover a seller’s closing costs in full as part of the deal.

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.

Cons We Buy Houses for Cash

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:

  • Lower offers. Most companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value (or the value that your house could sell for on the market once it’s all fixed up) minus repair costs.  So the price you get for your home may be appreciably lower than what you’d get on the market.
  • Inconsistent marketing knowledge. Not all cash homebuying companies are equal. Some are more localized, have specific neighborhood knowledge, and are able to leverage that expertise into more competitive offers. Others are less knowledgeable about the specifics of your community, which could result in lowball bids.
  • Not all companies are trustworthy. Some companies make extremely low offers to desperate homeowners and try to pressure you into making a quick decision. A few bad players may even engage in fraud tactics, though it’s uncommon
  • They may use pressure tactics. These companies know that homeowners looking to sell quickly are often desperate, and some do take advantage of that by using pressure tactics. You should never feel pressured to accept an offer, especially since there are plenty of We Buy Houses for Cash companies in Florida to choose from. If anyone makes you uncomfortable, it’s time to move on to another option.

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.

Vet cash buyers and know your home’s worth

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.

Other options to sell your Florida home quickly

iBuyers

Within the cash-for-homes business 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 algorithmic technology, otherwise known as automated valuation models (or AVMs), to give you 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 offer all-cash and can close in a matter of days to a few weeks. But unlike more traditional We Buy Houses for Cash companies, iBuyers tend to look for homes in better condition and offer much closer to market value, typically in the 90% range.

Though one thing to note is that major iBuyers like Opendoor and Offerpad usually charge sizable fees for their services, usually around 5%.

Sellers who may be a good fit to work with an iBuyer in Florida 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.

Listing with an agent

We know, we know. You want to sell your house quickly, not in 77 days. But hear us out! With Florida housing markets heating up again in favor of sellers, going with an agent could pay off big time.

Selling on the market generally fetches the highest home price, and that’s especially true if you work with a skilled professional. Our internal transaction data at HomeLight shows that the top 5% of real estate agents sell homes for up to 10% more than average agents.

This is a big financial decision, so it may make sense to consult with a trusted real estate agent who can complete a comparative market analysis (CMA) to help you understand your home’s value and how quickly it’s likely to sell.

Your agent may even be able to connect you with cash buyers who are willing to offer closer to market value for your home.

Plus, a CMA is usually free, and you’re under no obligation to list with the agent, so this may be a good tool to explore your options. Even if you end up deciding to work with a Cash-For-Homes company, at least you’ll know you’re making a sound financial decision.

Overwhelmed by finding an agent? HomeLight would be happy to connect you with a top performer in your area today.

Key Takeaways

  • We Buy Houses for Cash companies in Florida can offer you a way to sell your home in as few as seven days with no repairs, showings, or hassles.
  • There are many reputable cash homebuying companies across Florida, and most sellers going this route can find a company that suits their needs.
  • You could leave significant money on the table using a Cash-For-Homes company versus going with a top agent or iBuyer.
  • HomeLight’s Simple Sale platform provides all-cash offers for homes in almost any condition in Florida. Because the platform has partner investors with different buying parameters across the state, it can be a great starting point if you aren’t sure who would buy your home.

FAQs on Florida house-buying companies

Are We Buy Houses companies in Florida legit or scams?

Most We Buy Houses for Cash companies are legit, and you can rest assured that this business model has been around for decades.

However, it’s always a good idea to keep an eye out for scams, or anything that just doesn’t seem right. Always thoroughly research companies ahead of time. Verify all professional licenses, check customer reviews, get a referral if possible, and vet the company on the Better Business Bureau website.

How much will We Buy Houses companies in Florida pay?

Most Cash-For-Homes companies follow the 70% rule, meaning they’ll offer you 70% of your home’s after-repair value, minus repair costs.

Here’s what that simple formula looks like:

(Your home’s ARV x .70) – repair costs

Now let’s take a look at a practical example. Let’s say your Fort Lauderdale ranch home could sell for $350,000 after repairs, but it’s going to need $80,000 of work to get there.

($350,000 x .70) – $80,000 = $165,000

In this example, a Florida cash-for-homes company will probably offer you around $165,000 for your property.

However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more like 90%-95% of market value while charging a fee for their services.

How much does selling a home to a We Buy Houses company in Florida cost?

Selling a home to a We Buy Houses for Cash company shouldn’t cost you any money, though you’ll likely get less overall for your home.

Since these companies are geared toward distressed homes, they tend to have zero fees, and will even cover your closing costs. That means the offer you get is the price you should walk away with. Make sure to ask about any hidden program fees that could eat into your bottom line.

How do you sell a house for cash in Florida?

  1. Research and vet house buying companies available in your area. The above list is a great place to start.
  2. Submit offer requests to your top few companies.
  3. Schedule any on-site visits.
  4. Field and compare offers. Choose the best option for you.
  5. Close in a week to 30 days and get paid (or you can often choose a later closing date, up to 90 days after offer).

We Buy Houses for Cash in Florida vs. Top Florida agent

Wondering how a We Buy Houses for Cash company stacks up against working with a real estate agent? We’ve got you covered.

Aspect of the sale Sell to a We Buy Houses company in Florida Sell with a top Realtor in Florida
Sale timeline 7 to 30 days 77 days
Home preparations None Make necessary repairs, deep clean, declutter, landscape, stage home
Showings None required, although some companies will complete a walkthrough 10 to 25 showings average
Inspections / repairs None required prior to closing, though iBuyers may deduct a repair credit at closing May need to make repairs for the buyer or renegotiate price
Appraisal A traditional appraisal is not required, but many companies will use their own analytics to come to a fair price May need to lower the price if 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 loan doesn’t clear
Agent commission None 5.8% average
Closing costs None 1% to 3% of sale price on top of commission

Example net proceeds

Let’s say you want to sell your home in Orlando, which is currently worth around $350,000 and needs about $15,000 in repairs. Once repairs are made, the home should be worth about the median home sale price for the area of $365,000.

Here’s what you can expect to earn working with a We Buy Houses company and a top Florida real estate agent.

Sell to a We Buy Houses company in Florida Sell with a top Realtor® in Florida
Estimated sale price ($365,000 x .70) – $15,000 = $240,500 $350,000
Market preparations 0 $3,500 (1% of sale price)
Agent commissions 0 $20,300 (5.8% of sale price)
Closing costs 0 $5,250 (1.5% of sale price)
Estimated take-home for seller $240,500 $320,950

House buying companies can be a good alternative for Florida sellers in need of a quick exit from homeownership, but they’re not without drawbacks. However you choose to sell your home, it’s important to avoid making a hasty decision.

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 best results, take the time to weigh your options, gather offers from multiple companies, and consider consulting with a top agent to see how easily your property could sell on the market. Happy selling!

Writer Chelsea Levinson contributed to this story.

Header Image Source: (Antonio Cuellar / Unsplash)

FAQs on We Buy houses companies in Florida