How This Cash-For-Homes Company Works

Pros and cons of using HomeGo

If you’re considering selling your home through HomeGo, it’s important to weigh the advantages and potential drawbacks to determine if it’s the right fit for your situation. Here’s a breakdown of the pros and cons:

Pros of using HomeGo

• Fast and straightforward process: HomeGo’s streamlined approach allows homeowners to sell their property quickly, often closing in as little as seven days.
• No repairs or cleaning required: HomeGo buys homes as-is, so you won’t need to spend time or money fixing up your property before selling.
• Transparent cash offers: With no hidden fees or last-minute changes, you’ll receive a firm cash offer during your initial walk-through, giving you peace of mind.
• Flexibility in closing: HomeGo lets you choose your closing date and move-out timeline, even offering a leaseback option if you need to stay longer.
• No contingencies: Since HomeGo pays with cash, you won’t have to worry about deals falling through due to financing issues or buyer contingencies.

Cons of using HomeGo

• Lower offers than the open market: Cash-buying companies like HomeGo typically offer less than what you might get by listing your home with a real estate agent, as they account for repairs, resale value, and profit margins.
• Limited to specific situations: HomeGo is best suited for sellers who need to sell quickly or prioritize convenience over maximizing profit. If you’re not in a hurry, you might explore other options for a higher payout.
• No negotiation: HomeGo’s offers are firm, which means there’s little to no room for counteroffers or adjustments.
• Not ideal for unique properties: Homes with rare features or in highly desirable markets may fetch better prices through traditional sales methods or larger iBuyer companies.
• Availability is limited: HomeGo’s services are not available in all areas, which can limit options for some sellers.

Vet cash buyers and know your home’s worth

Before accepting a cash offer for your home, it’s important to vet the buyer and understand the full market value of your property. Whether it’s HomeGo or another house-buying company, it’s wise to compare offers before making a commitment. Here are some helpful tips:

• Research the buyer: Look into the company’s reputation and track record. Read customer reviews and testimonials and see if the business provides real solutions for sellers in your situation.
• Understand your home’s value: Consult a local real estate agent and request a competitive market analysis (CMA), a detailed report that compares your home with recently sold homes in the area. Another option is to get an independent appraisal to ensure the cash offer is fair. An appraisal may cost $300-$500 but will give you valuable insights that could help you save thousands of dollars by avoiding a low-ball offer.
• Consider the purchase terms: Beyond the cash offer price, review the terms of the purchase contract. Understand any conditions or fees involved in the sale. Also, ensure that the closing timeline fits your next move.

Before committing to a “we buy houses” company, HomeLight suggests you compare cash offers to what an experienced local real estate agent might be able to get for your home. HomeLight can connect you with top-performing agents in your market.

You can also use HomeLight’s free Home Value Estimator to get an initial ballpark estimate in less than two minutes.

Alternatives to HomeGo

If HomeGo doesn’t seem like a good fit, you have options. Perhaps HomeGo doesn’t serve your area, or maybe you are wisely requesting multiple cash offers to compare your options. Below are some examples of other popular services to sell your home with speed and convenience:

In addition to these companies, don’t rule out partnering with a top real estate agent. For those not facing an immediate financial or moving deadline, selling through an experienced agent can almost always secure a considerably higher sale price — and more proceeds.

How does HomeLight Simple Sale work?

Simple Sale is an all-cash offer platform created by HomeLight that takes the stress and uncertainty out of selling your home. Our online platform connects you with the largest network of trusted cash buyers in the country. But unlike more house-buying services, Simple Sale shows you all your options.

With Simple Sale, you’ll receive a no-obligation cash offer within 24 hours and can close your sale in as little as 10 days. In addition, our platform compares your cash offer amount with an estimation of what you might receive if you list your home on the market using a top agent.

Simple Sale also recommends performance-proven agents in your area based on transaction data (sale-to-list ratios) and thousands of customer reviews. You’ll know which local agents sell the most homes in your city and price range, so you can see all your options in one place.

Here is the easy 4-step Simple Sale process:

HomeLight’s Simple Sale platform can provide cash offers for homes nearly anywhere in the country and in almost any condition.