Top 4 We Buy Houses for Cash Companies in Wisconsin

We Buy Houses company reviews | What they do | How they work | How much they pay | How much they cost | Pros and cons | Alternatives | FAQs

We Buy Houses companies in Wisconsin offer cash to homeowners that need to sell quickly. We reviewed the top Wisconsin We Buy Houses companies so you can shop around for an offer and make an informed decision.

Top Wisconsin We Buy Houses companies reviews

We Buy Houses companies and other cash buyers allow you to sell your home fast — sometimes in a week or less. We’ve pulled together some of your best options in Wisconsin.

However, if you can wait longer than two weeks, you can sell your home for top dollar with a realtor — not the 70% value that most cash buyers offer. And, with companies like Clever, you can net even more from your sale with their pre-negotiated low commission rates.

A free consultation with a member of Clever’s Concierge Team can help you assess your situation and find an agent who’s experienced at selling homes quickly in Wisconsin.

» LEARN: These are the best national We Buy Houses for Cash companies

What is a We Buy Houses company?

We Buy Houses companies and other cash buyers offer a fast solution for homeowners. They purchase houses “as-is” — that is, in their current condition, without any repairs or prep — and pay in cash.

These companies exist because the traditional home selling process doesn’t work for everyone. For example, in Wisconsin, a typical home sale can take 98 days from listing to closing. Some homeowners can’t wait that long.

Further, these companies are another option for sellers with homes in such poor condition that they wouldn’t qualify for financing from traditional buyers.

When to use a We Buy Houses company

For home sellers who need to sell in a hurry, want to avoid paying for repairs out of pocket, or are looking for a more convenient selling method, a cash buyer can be a great option.

But they’re not right for everyone.

To ensure a profit, We Buy Houses for Cash companies in Wisconsin make offers that are well under fair market value — about 30% less. On a $250,000 home, that means you’d lose out on around $75,000.

Put simply, the speed and convenience these companies offer don’t always outweigh the hit you’ll take to your bottom line. In many cases, you’re better off working with a full-service real estate agent on the open market to get the most value for your home.

How a We Buy Houses company works

While the smaller details and timeline vary from company to company, We Buy Houses companies in Wisconsin all share the same basic business model.

• An interested home seller reaches out directly to the cash buyer company
• The company assesses the property, focusing on factors like necessary repairs and potential resale value
• Based on the amount of time and money it will to need to invest in the property, the company makes an «as-is» cash offer
• If the homeowner accepts, the deal closes quickly because there’s no need to negotiate, wait for financing approval, or inspect and appraise the property
• The cash buyer repairs the home and then resells it for a profit

The quick process benefits homeowners who don’t have the resources or time for a traditional sale.

For perspective, according to realtor.com, houses typically spend 53 days on the market in Wisconsin before the seller accepts an offer. Then there’s the closing process, which takes between 30 to 45 days if the buyer is applying for a mortgage. That means it can take the typical seller up to 98 days to finalize the sale.

In comparison, some We Buy Houses for Cash companies in Wisconsin can complete the whole process in as few as seven days.

Ballpark vs. official offers

Many Wisconsin We Buy Houses companies advertise that they’ll send you an offer in as few as seven minutes. This is not an official offer.

After talking to a company representative, they’ll give you a ballpark estimate of what they’ll pay. Very few companies will make a binding offer sight-unseen — and if they do it’ll be substantially lower to account for possible issues.

Once you schedule an in-person inspection, the company will present a legal offer, often on the spot.

Who actually buys your home

Some of the bigger, well-known We Buy Houses companies in Wisconsin aren’t actually buying your home. Instead, it’s a network of local investors or the company simply refers interested sellers’ information to local house flippers.

In these cases, how long the process takes will depend on the investors in your area.

For example, we called a few We Buy Houses companies that advertised offers in less than an hour… and none of them responded within that time frame.

We Buy Houses companies pros and cons

Frequently-asked questions

What are the best alternatives to We Buy Houses companies?

• Sell through a low commission company, like Clever or Redfin
• Contact one of the top real estate agents in Wisconsin

How much will We Buy Houses companies in Wisconsin pay?

We buy houses companies use the 70% offer rule to ensure they’ll make a profit. Basically, the 70% rule says the buyer shouldn’t pay more than 70% of the home’s After Repair Value (ARV) — what they hope to sell the house for — minus repairs.

On a Wisconsin home that would sell for $150,000 on the open market, they may only pay $105,000. Selling a home that’s worth $300,000? You may only see an offer for $210,000.

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

On the surface, nothing. These companies don’t charge you fees to buy your home. You’ll also avoid many traditional selling costs, like realtor commissions and closing costs.

When you add all these expenses up, selling to a cash buyer can have significantly fewer upfront costs than a typical home sale. However, given the lower prices they offer, the savings don’t always make up the difference. You could end up with much less in your pocket at the end of the day.

Here’s how much a seller in Wisconsin can walk away with using your state’s median listing price of $269,917, average selling costs, and carrying costs (that is, the daily cost of owning a home, including utilities, mortgage, and taxes).

Are We Buy Houses for Cash companies scams?

In general, We Buy Houses companies in Wisconsin are not out to scam you. Some are national franchises and others are family-owned. In both cases, they rely on their reputation to close deals, so there is little incentive to scam people.

That being said, as with any industry, there are bad apples. If a «cash buyer» approaches you, check that they have an established web presence and customer reviews before giving them your personal information.

Also read all the fine print on any contract they present. Look up words or terms you don’t understand. And never assume the contract says what you agreed to verbally.

Most importantly, look at the contract’s contingencies. These are the conditions that allow the buyer to back out of the sale or change terms. Unless you understand the contingencies, you could be taken advantage of.

Additional resources for home sellers in Wisconsin