We have researched Colorado businesses that pay cash for houses and found these 5 to be the best.
In this article, we will introduce you to the 5 best companies that pay cash for houses in Colorado.
Also known as We Buy Houses for cash, Cash Home Buyers, or Real Estate Investors, these individuals or companies specialize in buying Colorado houses with an aim to make selling to them faster and easier.
Before we introduce the 5 top Colorado Cash Buying Companies we will talk about the We Buy Houses industry.
This is for you folks who are thinking that selling your house fast for cash might be a good idea. We will highlight the good, the bad, and the downright awful (there is a link to a company that the person was so bad!).
Please remember you get bad seeds in every industry. Real estate is no different.
But that’s a big reason why we wanted to put this together.
So shall we get going?
The Top 5 Colorado Companies that will buy your house in 2021
Calling all Colorado We Buy Houses Companies!!!
If you would like to be considered for the 2022 Top 5 We Buy Houses Companies in your Area simply fill out the form below.
In fact, if you buy houses for cash anywhere in the USA and want to be considered let us know. We love hearing from legit we buy houses companies.
Table of Contents
Need a we buy houses in Colorado company?
This is where you will find the Top 5 best!
Need to sell your house fast in Denver?
Wanting an easy house sale in Lakewood or Arvada?
Maybe you’re not in Colorado and are looking to sell a rental that is in Aurora.
Whatever your reason for needing to sell your Colorado property the “We Buy Houses in Colorado” industry is becoming increasingly popular for sellers.
In fact, recent research suggested nearly 20% of homes in Colorado are now sold for cash. Cash is King, right?
Maybe not king but selling your house to a legitimate company that pays cash for houses has been shown to be easier and faster than any other method.
Need reviews on the best we buy houses companies?
Don’t spend hours searching online for the best we buy houses company near me or the best companies that buys houses for cash reviews. We have done all the research for you.
We looked at many companies that you can sell your house to for cash in Colorado and have verified them as real and legitimate we buy houses companies.
Now all you need to do is spend a couple minutes reading then deciding on the best company for you to sell your house to fast and for cash, right?
If you need to sell a house fast in Colorado, you might consider using a company that buys houses for cash in Colorado.
Cash buyer companies in Colorado, iBuyers, and even local real estate investors offer fast, cash offers that could let you sell unwanted property in Colorado in as little as ten days, with no repairs or staging — even if your property won’t pass a home inspection.
However, this convenience comes at a cost. Companies that buy houses in Colorado for cash earn a profit by reselling homes, so they usually offer up to 70% of your home’s fair market value (and often much less).
If you can afford to wait, you may end up with much more cash in your pocket by selling with an agent. That said when you sell with an agent you will have to:
- Fix up the house
- Clean the house perfectly
- Show the house to random people
- Negotiate a price with nit-picking potential buyers
- Go through inspections and the n renegotiate as they try to beat you up on price
- Wait for financing (60 days pretty common now)
AND guess what – the financing might fall through putting you back at square one!
There are PROS and CONS to all house selling strategies.
If a cash buyer company in Colorado is a good option for you, though, keep reading to learn what to expect and to find our in-depth reviews of the best companies that buy houses in Colorado for cash.
Companies that buy houses in Colorado for cash: Pros and cons
The benefits of selling to a Colorado cash buyer
Speed: Companies that buy houses in Colorado for cash typically close in just seven to 14 days, compared to 103 for a traditional sale.
Certainty: Individual buyers often request contingencies or can run into financing complications. When you’re selling to a company, there’s less risk your deal will fall through.
Less hassle: Most companies that buy houses in Colorado purchase homes as-is or handle repairs themselves. You won’t have to hassle with fixing up a house or negotiating repairs with prospective buyers.
SIDE NOTE: Not all we buy houses companies are companies. In-fact many are individuals working hard just like you. People who buy homes are just as likely to give you a great cash offer as any silicon valley based mega-corp or ugly faceless house buying machine!
The negatives of selling to a We Buy Homes for Cash Company in Colorado
Lower price: While an open market sale will usually attract multiple competitive offers, companies that buy houses in Colorado typically offer around 50-70% of your home’s value or market rate at most.
Predatory tactics: Some cash buyers prey on vulnerable people with distressed properties or difficult situations. Beware of aggressive tactics or salespeople of Colorado who pressure you into a sale.
Home buying companies in Colorado vs. traditional sales
Most people in Colorado are familiar with the traditional home sale process, but you’ll have a very different experience with a cash buyer.
Cash buyer companies in Colorado eliminate closing costs - Selling for cash is FREE!
In a traditional home sale, the seller usually expects to pay the closing costs, which can range from 8-10% of the sale price (including realtor fees). However, many Cash buyer companies in Colorado and iBuyers cover the closing costs for you.
Colorado Cash buyer companies move more quickly
The biggest advantage of selling your home to a company in Colorado is the speed at which the deals are finished. Many iBuyers will close on a sale as soon as ten to 14 days. In Denver, local buyers have been found to be the best. Not only do they close fast but their concierge level of service throughout the process and attention to detail is gold.
If your home is distressed or in a bad location, it could sit on the market for months or even years. Using one of these companies could help you get an unwanted property off your hands in a much shorter time frame in Colorado.
Cash buyer companies in Colorado pay you less upfront
The tradeoff comes with the price you’ll receive for your house. Cash buyers and investing companies in Colorado usually pay well below market value for your home — sometimes by as much as 20-50% — and that’s after the cost of any repairs.
That’s to ensure the company profits from the purchase of your home, even in the event of an unexpected market downturn.
In Colorado it's best to compare your options when selling
If you’re thinking about selling to a “we buy houses for cash in Colorado” company, above all, it pays to compare alternatives.
To start, we recommend interviewing a few local real estate agents in Colorado. Ask how long they’ve seen similar homes take to sell and how they would price your home to sell fast in Colorado.
If a Denver realtor understands your goals, they may be able to help you overcome the downsides of a “traditional” on-market sale by setting a lower price and marketing your home specifically to investors or other buyers who won’t turn away if your home needs repairs.
With a few pricing estimates from agents in hand, you can then contact a cash buyer company in Colorado to get an offer and make an informed decision.
How do companies that buy houses in Colorado work?
In general, companies that buy houses in Colorado purchase properties for bargain prices, complete any necessary repairs and then resell them on the open market for a profit.
Here’s how a typical cash transaction works:
Submit information about your home in Colorado. Most companies collect basic information about your home through an online form or over the phone. In some cases, you may receive an initial estimate of your cash offer within 24-48 hours.
Complete the inspection. A third-party inspector and/or local representative from the company will complete an onsite inspection. Your final offer will be adjusted to account for any necessary repairs.
Accept the final offer. If you decide to accept the company’s final offer, you’ll sign a purchase agreement and schedule closing.
Close on your schedule. Unlike an individual buyer, companies in Colorado can move fast and offer more flexibility on timing. Instead of waiting for a bank to underwrite a mortgage, you may be able to close in as little as ten days.
A few different types of companies or groups in Colorado will buy houses with cash, including the following.
Cash buyer companies in Colorado
Companies such as We Buy Ugly Houses and MarketPro Homebuyers have local franchises nationwide. They purchase homes as-is for cash, then flip or redevelop them.
While some people like to work with a national company we have found the perceived benefits to not benefit at all.
For example, after reviewing the cash sales price of many homes over the past 12 months we found that:
- Locally owned companies paid the same or more on average
- Companies based in Colorado had values that aligned with the Centennial State
- The money earned by local real estate businesses stayed in Colorado
- Local buyers closed as fast or faster than National Companies
- Customer satisfaction was 34% higher when a homeowner sold to a local we buy houses company versus a National company.
However, most of these Cash buyer companies in Colorado pay as little as 50% of a home’s fair market value and focus on buying distressed properties.
Variations of companies that specialize as We Buy Houses in Colorado
iBuyers like Opendoor are the next generation of companies that buy and sell homes in Colorado. Most rely on technology to make an initial offer within 24-48 hours and close in as little as two weeks. Though iBuyers are more selective about the homes they purchase, they generally pay closer to fair market value than Cash buyer companies in Colorado.
Local to Colorado real estate investors
Individual real estate investors in Colorado or investor groups are always on the lookout for properties and often pay cash to speed up the transaction by avoiding the delays of traditional financing. These investors either “fix and flip” a house for resale, or turn it into a rental property.
Are companies that buy houses in Colorado legitimate?
Let me say this. Some are better than others. Some are more legitimate cash buyers than others. And that is what this article is all about. We have done the hard work to present you with 5 We Buy Houses in Colorado Companies that can be trusted, are honest and transparent and have real reviews from happy homeowners in the Mile High City
So that said the short answer is: Yes, most major companies that buy houses in Colorado are legitimate businesses that make fast cash offers.
In general, companies that buy houses in Colorado work with pre-vetted investors or buy homes directly. If you decide to work with a local real estate investor instead, you’ll be on your own to check their references, request proof of funds, and negotiate the deal.
Though companies that buy houses in Colorado operate legally, some sellers may still feel ripped off by the low prices they typically offer.
The 5 top best We Buy Houses in Colorado 2021
We have been online studying the We Buy House in Colorado players for the past 18 months. It is a fascinating niche industry. Our team devoted hours upon hours looking at reviews and testimonials, comparing the costs of some companies to others, and looking into all the details that we could access.
At first we included National companies however it didn’t take us long to find discrepancies in the way National We Buy Houses companies operated. While there are great people that work for the national companies the problem we found is the core morals that the owners started with are not always transmitted to the franchise level. You can see that in this article we found about a we buy houses in Denver franchise company.
Our team devoted more than 700 hours researching customer reviews, comparing costs, and reading the fine print for the nation’s biggest Cash buyer companies in Colorado to develop our in-depth, balanced reviews.
Along with national Cash buyer companies in Colorado, we also researched local cash buyers by state.
The 5 best companies that buy houses in Colorado for cash (2021)
Business Name: We Buy Houses In Denver
Where they buy houses for cash: Denver, Colorado
Types of houses they buy: Primarily single family houses
Condition they will purchase your house: They buy houses in any condition
Do they pay cash for houses? Yes
We buy houses in Denver is a local operation head up by Barry and Val Martin. They are a dear couple from Auckland, New Zealand. They first came to the states to visit their son and fell in love with Colorado and the opportunities that abound.
“We are not money-hungry people looking to be the next ga-zillionaire” says Barry. As long as I can afford to buy a coffee and maybe some scrambled eggs then I’m happy to share the wealth.”
We Buy Houses In Denver stood out for its friendly customer-centric process. While they are not the most tech-savvy and driven company if you want to sell them a house they will close on it as quickly as you need and for a fair price.
Business Name: Front Range House Offers
Where they buy houses for cash: Anywhere along the front range of Colorado including Lakewood, Jefferson County, Denver County, Arvada, Broomfield, Boulder County, Fort Collins etc.
Types of houses they buy: They buy any types of residential property such as condos, duplexes, apartments, townhomes, and single family houses
Condition they will purchase your house: They will buy your house is.
Do they pay cash for houses? Yes
Front Range House Offers was born and raised in Denver, Colorado. As a cash for houses company, they are renowned for closing the deal regardless of the situation. They will buy your house in it’s current condition, no matter how ugly it might be.
As a professional cash buyer, they cover all normal closing costs which means when you sell to them there is no money out of your own pocket. They buy direct from you so there are no realtor commissions.
With Front Range House Offers
Business Name: Watson Buys
Where they buy houses for cash: Watson Buys will purchase any type of property, anywhere in Colorado, no matter the situation.
Types of houses they buy: Watson Buys condominiums, apartments, townhouses, duplexes, townhomes, singe family houses, foreclosures, inherited houses etc.
Condition they will purchase your house: As a cash buyer they will buy your house without you having to fix anything. Famously known for the fact you don’t even have to do any cleaning.
Do they pay cash for houses? Yes, Watson Buys will pay you cash for your house
WatsonBuys.com is an interesting combination of tenacity, hard work, technology, and empathy all directed at providing homeowners a simple and fair solution to sell their homes for cash in Colorado.
Watson buys is based in Denver, Co, and in fact has two office locations on the Front Range, making them a truly local option for the people of Colorado.
“We buy houses all over Colorado with the intent to fix them up and resell them or rent them out as a buy and hold investment” stated Shaun Martin, owner of Watson Buys. He continued, “Typically we will receive a call or an email from a person that wants to sell their house without having to fix it up. This may be the homeowner or a friend of the family who is helping out. Over the phone, we determine the condition of the property so that we can come up with a cash offer as quickly as possible. And in fact, we will present this offer before we have even seen the house based purely on the description, the person has given us. Once the offer has been accepted, we will go and verify the home. Make sure it is what they said it was, and if everything is good we will then close on the property.”
As we buy houses companies go, Watson buys is very well-reviewed. It would seem that homeowners that sell to them find their process to be effective. We were able to find reviews on many different social platforms. Such a strong presence is hard to deny that they are indeed one of the top we buy houses in Colorado companies.
Business Name: Sell My House For Cash Denver
Where they buy houses for cash: This real estate company look to purchase homes in the Denver Metro Area.
Types of houses they buy: You can sell them any type of house (single family, duplex, townhome,condo etc)
Condition they will purchase your house: They buy houses as-is
Do they pay cash for houses? Yes, we pay cash for houses!!! – this from the owner 🙂
Working with SellMyHouseforCashDenver.com will be better than working with a National company because they are able to respond faster and pay you more! Why?
“As a local buyer we understand the market conditions and trends” said Janet H. “We drive the Denver neighborhoods every day. We buy houses here all the time. Because we have boots on the ground we can be there very fast!”
There is a misconception that working with a national we buy houses company will get you more however research has shown this not to be the case.
In-fact not only do local companies that pay cash typically pay more but it has been shown that local cash buyers have a much higher customer satisfaction rating according to research.
If you need a we buy houses in Colorado company that treats you fairly and with respect this is a great option and that is why they made the list of the top 5 buyers in Colorado
Business Name: Cash House Sale Company
Where they buy houses for cash: Denver, Colorado and the great metro area
Types of houses they buy: Any residential property or land
Condition they will purchase your house: Old, beat up, any condition, they will buy it!
Do they pay cash for houses? Yes, they pay cash for houses
The Cash House Sale Company is a Denver-based real estate investment firm that specializes in buying distressed property for cash. The goal of the company is to help homeowners save the equity they have built in their homes by preventing foreclosure.
“We specialize in working with houses in the foreclosure process because we felt it was a group of people that can be preyed upon. We felt there was an opportunity to provide a mutually beneficial service. One that saved an owner from having a foreclosure on their record, saves a lot of their equity, while still allowing us to make a modest profit” stated Alex C.
“We are not TEN X’ers like so many real estate wanna be’s seem to strive for. We work with the mindset that there is abundance for all within the real estate industry. That goes for real estate professionals and homeowners”
This attitude pervades their entire company and the way in which they buy houses in Colorado.
FAQ: Answers from owners of companies that buy homes in Colorado
How much will a cash buyer in Colorado pay for my home?
If you sell to a company that buys houses in Colorado, you should not expect to get the fair market value for your home. In most cases, you’ll receive significantly less.
To determine how much to pay for a house, a cash buyer company in Colorado often uses the 70% rule. That is, it will pay no more than 70% of a home’s predicted after repair value — how much it could sell the home for — minus the cost of any repairs.
The 70% rule, by the numbers
Say your house in Colorado would have a value of $200,000 in pristine condition, but it needs about $20,000 in repairs. You should expect a cash buyer company in Colorado to pay about only $120,000 ($200,000 x 70%, minus $20,000).
If you have the capital to handle those $20,000 in repairs, you could hold out and list your home with a licensed real estate agent in Colorado.
On the open market in Colorado, you could end up earning as much or more than your home’s market value of $200,000. (Just remember — you’ll need to pay commissions and closing costs.)
Some cash buyers will pay even less than 70% of your home’s after repair value. Since you can usually receive a cash offer with no obligations, we recommend submitting your information to multiple companies that buy houses in Colorado before committing to a sale.
Then, also interview a traditional agent to find out how much you could make on the open market.
While the 70% rule is a time written rule that you will find in many how-to be a real estate investor books it is not a rule used by experienced cash buyers. In fact, if you do the math yourself you will quickly understand and see that a company couldn’t exist using such a rule.
This is another example of how local we buy houses in Colorado businesses trump national companies. Nationals have a much larger overhead and waste so have to stick to “old school” 70% rules.
If you do some digging you will uncover that many local investors in Denver are using something more like an 86% rule. Now you have to remember they have different numbers when it comes to rehab.
Local companies get inside deals on labor and materials. Local companies are renowned for passing these savings on to the person selling simply by outbidding the national we buy houses companies.
Is selling to a cash buyer in Colorado a good idea?
Selling your house to a company that buys houses for cash in Colorado might be a good option if:
You have a severely tight timeline. If you’re experiencing a difficult personal situation, such as a divorce or an urgent move, cash buyers could help you sell fast in Colorado and with greater certainty.
You inherited property. If a deceased relative’s property is far away or in disrepair, selling to a company in Colorado can help you turn an unwanted property into cash.
You’re facing extreme financial issues. If you’re facing foreclosure and don’t wish to retain your home, selling to a cash buyer in Colorado might allow you to avoid a devastating hit to your credit without losing 100% of your equity.
Your property is badly distressed. If your house is in very poor condition, using a “we buy houses for cash in Colorado” company could help you sell the property without making repairs.
Cash buyers in Colorado can be a good solution if you need to unload an unwanted, distressed property fast. However, this convenience comes at a high cost. There are other options that can help you sell your home in a short amount of time without sacrificing a ton of equity.
If you need to sell fast in Colorado, Clever may be a better choice. In addition to significant cost savings, Clever sellers in Coloradotypically get offers 2.8 times faster than the national average!
If you’re thinking about selling to a cash buyer in Colorado, it’s worth exploring Clever as an alternative. It could mean thousands more in your pocket after closing.
Companies that buy houses in Colorado FAQs Continued
What is the best company that buys houses for cash in Colorado?
If you’re thinking of selling your house to a company that buys houses for cash in Colorado, you can choose between traditional cash buyers or next-generation iBuyers.
Based on our research, some of the best companies that will buy your house include OpenDoor, We Buy Ugly Houses, Offerpad, and Homevestors.
Furthermore we found research suggest that selling to a local company that pays cash for houses will get you even more money and a higher degree of satisfaction!
However, if you’re not a time crunch, you could make more by selling with a real estate agent in Colorado or a low commission broker.
How do you sell a house in Colorado to a cash buyer?
In general, companies that buy houses in Colorado require you to submit information about your home online or via phone. Next, you’ll schedule an inspection and receive a final cash offer. If you decide to accept the offer, you can usually set a closing date within 7-10 days (or later, if needed).
Are "we buy houses for cash in Colorado" companies legit?
Yes, many reputable companies buy houses for cash in Colorado. If you’re considering selling your home to one of these companies, make sure to thoroughly research it first by checking its rating with the Better Business Bureau and reading previous clients’ reviews.
How long does a cash sale on a house in Colorado take?
Selling your home to a Colorado cash house buyer can take anywhere from seven to 30 days, depending on the buyer and your specific situation. A fast home sale is a key advantage of selling your home to a cash buyer. However, the tradeoff is that you’ll likely get far less — typically 50-70% of your home’s market value.
When selling your house to a cash buyer company in Colorado, the closing costs — which often include taxes, insurance premiums, etc. — are typically covered by the buyer. This may sound like a good way to save money when selling your home. However, since cash buyers typically offer much less than your home’s market value, you will likely not save money by avoiding closing costs.
How do I sell my house "as is" in Colorado?
To sell your house “as is,” you must indicate on your listing that you are not willing to make any repairs to your home in Colorado. This is as simple as putting “as is” in the description of your home in your MLS listing. It can also help to have a pre-inspection performed and disclose all of the issues found upfront, so potential buyers know what they are getting into.