Top 5 We Buy Houses for Cash Companies in Washington D.C.

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By Jamie Ayers Updated May 16, 2023

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The best We Buy Houses companies in Washington, D.C. | How they work | Costs | Pros and cons | Alternatives | FAQs

When you need to sell your house fast or can't afford massive repairs, selling to a We Buy Houses for Cash company may be your only option. In Washington, D.C., it can take 88 days to sell your home with a traditional agent. Compare that to a cash buyer that can complete the transaction in one to two weeks, with no out-of-pocket expenses.

Unfortunately, you’ll get (at most) 70% of your true home value from a We Buy Houses company. Many sellers can make far more on their home sale with a different approach.

For example, if you have an extra two to three weeks to sell, Clever can connect you with a full-service real estate agent with a proven track record of selling homes in your area quickly and for top dollar. Clever also pre-negotiates lower commission fees of 1.5% or $3K with its network of agents.

Top Washington, D.C. We Buy Houses companies

We've compiled objective, public information from cash buyer companies in Washington, D.C. to help you compare options and make an informed decision.

✍️ Editor’s note
These businesses make few public disclosures, so it can be difficult to find information. We recommend contacting multiple companies for terms and offers on your property to get the best deal.
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MB Home Buyers

MB Home Buyers

Phone Number

(202) 846-0285

Time To Offer

24 hours

Minimum Time To Close

5 days
Description
Locations
Reviews

MB Home Buyers is a local property investor that buys homes for cash in Washington, D.C. and the surrounding areas. To sell your home to MB Home Buyers, you can:

  • Submit an online form, giving details about your property
  • Schedule a meeting for a representative to see your home
  • Receive a no-obligation offer
  • Choose a closing date and sell your home

For more information, including specific areas of operation, terms of service, and other details, we recommend reaching out to the company directly.

MB Home Buyers buys homes in the Washington, D.C. metro area.

Puma Investment

Puma Investment

Phone Number

(202) 888-0219

Time To Offer

24 hours

Minimum Time To Sell

7 days
Description
Locations
Reviews

Puma Investment is a local property investor that buys homes for cash in Washington, D.C. and the surrounding areas. To sell your home to Puma Investment, you can:

  • Submit an online form, giving details about your property
  • Schedule a meeting for a representative to see your home
  • Receive a no-obligation offer
  • Choose a closing date and sell your home

For more information, including specific areas of operation, terms of service, and other details, we recommend reaching out to the company directly.

Puma Investment buys homes in the Washington, D.C. area.

Puma Investment received an average of 4 stars from 3 customer reviews. It's not accredited by the Better Business Bureau but it has an A+ rating.

Google: 4 stars/3 reviews

We Buy Houses

Website

Phone number

(877) 932-8946

Time to offer

24–48 hours

Time to sale

7–14 days
Why we chose it
Details
Locations
Reviews

We Buy Houses vets all of its investors and gives them an exclusive license to operate in its territory, so investors who use the brand name have an incentive to work hard in order to maintain their advantage. The company provides offers in just one to two days and can close in a few weeks.

We Buy Houses is a national property investor that buys homes for cash throughout the U.S. To sell your home to We Buy Houses, you can:

  • Submit an online form, giving details about your property
  • Set up an appointment for an investor to view your home
  • Receive a no-obligation offer
  • Choose a closing date and sell your home

We Buy Houses operates in 200 markets in over 30 states.

Reviews online are available only for local franchises.

The vast majority are positive, with customers saying that the We Buy Houses investor they worked with was fast and professional.

Express Homebuyers

Website

Phone Number

877-804-5252

Time to Offer

7 minutes

Time to Sale

7 days
Why we chose it
Details
Locations
Reviews

Express Homebuyers is really fast: it provides offers in just minutes and can close in just a week in many circumstances. Plus, the company has mostly positive reviews on Google.

Express Homebuyers is a national service that has partnered with local investors across the country to buy houses for cash.

Steps to sell with Express Homebuyers:

  1. Submit your home's information to receive an initial "as is" offer
  2. Meet with the local investor to assess your property and answer any questions
  3. Discuss the local investor's final cash offer and, if you're willing to sell, sign a sales agreement then and there
  4. Choose a closing day on your schedule
  5. Show up on the day of the sale to sign the paperwork and receive cash within hours

Express Home Buyers received an average of 3.7 stars from 261 customer reviews. It's accredited by the Better Business Bureau, and it has a B+ rating.

Google: 4.2 stars/122 reviews
Facebook: 4.6 stars/113 reviews
Yelp: 2.5 stars/26 reviews

We Buy Ugly Houses

Full review

Phone Number

(866) 288-9516

Time to offer

Varies

Time to sale

Varies
Why we chose it
Details
Locations
Reviews

We Buy Ugly Houses is a nationally recognized brand with a solid reputation. The company has over 800 franchises across the U.S., so be sure to check reviews for the individual location you plan to contact.

We Buy Ugly Houses is a property investor that buys homes for cash in over 800 locations across the U.S. To sell your home to We Buy Ugly Houses you can:

  • Submit information about your property online or by phone and set up an appointment for an investor to see your home
  • Show your home to the investor and receive a no-obligation offer
  • Set a closing date on your own schedule as soon as 3 weeks after accepting the offer

We Buy Ugly Houses has over 800 independently owned and operated franchises across 47 states and Washington, DC.

We Buy Ugly Houses's parent company, Homevestors, has an A+ rating on the Better Business Bureau. No other third-party reviews are available at this time.

This rating is based on overall national data. Research local franchises for specific reviews that reflect their quality of service.

How We Buy Houses Companies work

To buy homes quickly and make a profit, most We Buy Houses for Cash companies in Washington, D.C. use the same process:

  1. A homeowner submits information about their property, and the cash buyer decides if the home fits their criteria for a profitable investment. If the house fits the investor's criteria, they may give the seller a rough estimate of what they'll pay.
  2. A representative from the company will evaluate the property and, based on the repair costs and resale value, they'll make a cash offer.
  3. If the seller accepts, closing happens quickly; there's no need for inspections, appraisals, or financing approval.
  4. The Washington, D.C. We Buy Houses for Cash company makes repairs and sells it, earning a substantial profit.

Compare this speedy process with the traditional home selling process:

  1. If your home needs extensive repairs, it can take months (and tens of thousands of dollars) to complete.
  2. In Washington, D.C., a home typically spends 49 days on the market before the seller receives an offer.
  3. The closing process can take an additional 30-45 days if the buyer applies for a traditional mortgage. You'll have to deal with appraisals, inspections, and further negotiations with the buyer.
  4. If financing is denied, or another issue occurs with the buyer, the house has to go back on the market and the cycle starts again.

Washington, D.C. We Buy Houses companies pros and cons

We Buy Houses for Cash companies are an extremely beneficial option for certain sellers like:

  • Homeowners facing foreclosure
  • People who've inherited unwanted property
  • Homeowners who can't afford extensive repairs
  • Homeowners who need to sell fast, due to divorce or other issues

Pros of using We Buy Houses companies

  • Cash offers mean speed and certainty: The longest portion of the home selling process involves buyer financing. Cash buyers don't need to go through this lengthy process, though, since they have access to immediate capital.
  • No need for repairs: These companies make lower offers to account for repair costs. This solves the difficult problem of finding a buyer if you’re selling as-is on the open market.
  • Lower costs: Selling a house is expensive. There are associated costs like concessions, carrying costs, and commissions that reduce a seller's profits. We Buy Houses companies allow sellers to avoid those costs.

💰 Homeowners can usually avoid these expenses by selling to a cash buyer:

  • Closing costs: In most cases, We Buy Houses for Cash companies cover typical closing costs.

  • Seller concessions: During negotiations, sellers often agree to pay a percentage of the buyer's closing costs — also known as seller concessions. In Washington DC, it's common to offer 1.5-2.5% in concessions to close the deal. Since there are no negotiations with a cash buyer, there's no need to offer seller concessions.

  • Agent commissions: The average commission in Washington DC is 5.0%. Since selling to a We Buy Houses for Cash company doesn't require an agent, homeowners avoid paying commissions.

  • Carrying costs: Every day that a seller owns a home it costs money. Expenses like mortgage payments, insurance, and property taxes can add up to $104 a day in Washington DC, on average. Since these companies close much faster than a traditional sale, the total carrying costs are lower.

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Cost to sell to a cash buyer vs. a traditional sale

Cons of using We Buy Houses companies

  • Take-it-or-leave-it offers: There is no negotiating with We Buy Houses for Cash companies. Their representatives evaluate your home and necessary repairs to arrive at a price. If you disagree, your only option is to walk away.
  • Predatory tactics: Often, homeowners who consider using these companies are facing difficult life situations. Some "opportunity investors" take advantage of these situations and pressure sellers to accept low offers.
  • Lower offers: Even by avoiding other selling costs, selling to a We Buy Houses company still leads to a lower take-home amount because their offers are never more than 70% of after-repair value (ARV).

Consider an example where the home needs 10% of its ARV in repairs. If you sold to a cash buyer, they would deduct that from their offer. If you sold with an agent you could cover that 10% in a variety of ways (by offering lower price, repair credits, etc.).

Alternatives to We Buy Houses companies in Washington, D.C.

We Buy Houses for cash companies are never your only option. It's important to weigh all important factors (like time to sell, take-home amount, and convenience) before making a decision.

Let's look at a breakdown of how much a seller in Washington, D.C. could walk away with through three different options: selling to a cash buyer, selling with a traditional realtor, and selling with a discount real estate company like Clever.

We'll use the median listing price in Washington, D.C., which is $622,450, and relevant selling cost rates (closing costs, repair costs/credits, carrying costs, etc.)

Washington, D.C. home selling cost breakdown

As you can clearly see in the table above, We Buy Houses companies help people quickly sell their homes. However, your other options are much better in the long run, so if you have time, using a We Buy Houses company is almost never the best option.

💰 Clever can help you sell fast and net more money!

Cash buyers can be a good option if you need to unload an unwanted, distressed property fast. However, if you want to sell quickly without sacrificing a ton of equity, Clever is one of your best alternatives.

Clever sellers typically get offers 2.8 times faster than the national average AND save an average of $7,000 in realtor fees.

Frequently asked questions about Washington, D.C. We Buy Houses companies

How much will We Buy Houses for Cash companies pay in Washington, D.C.?

As real estate investors, cash buyer companies need a buffer that increases their chances of a profit. This is where the 70% rule comes in.

Essentially, the 70% rule says a cash buyer shouldn't pay more than 70% of the property's After Repair Value (ARV) — what they hope to sell the house for in a fair market — minus repairs. This gives them some wiggle room if the house's condition is worse than suspected or it takes longer to resell the home.

Are We Buy Houses for Cash companies scams?

Most cash buyers are legitimate companies that have been buying homes in their communities for years. But there are bad apples.

Don't be taken advantage of.

Make sure the offer you receive is legitimate and worth your consideration:

  • Never sign a contract without reading it or when you feel pressured to do so.
  • Check online reviews of the company. Note that many of these companies have similar names, so double-check that you're looking at the right one.

Additional resources for home sellers in Washington, D.C.

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