We Buy Houses in Denver vs Offerpad

WE BUY HOUSES REVIEW SERIES: This is Article 8 of 10 in the quest to find the best Colorado Cash Buyers.

We Buy Houses In Denver – AKA The Home Buying Company – goes up against Offerpad in a 3rd party independent review. 

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Before comparing We Buy Houses in Denver vs Offerpad as Colorado Cash Buyers and reviews from real sellers, it is important to understand what house-buying companies are in the first place.

A property-buying company pays cash for homes, fixes them up, and then puts them on the open market for a profit with no closing costs. They are a quick and easy way to offload a property if you want to sell your house quickly.

Companies like We Buy Houses in Denver and Offerpad make selling easier since they purchase homes for cash in their as-is condition. Eager sellers can close on their homes in a few days or weeks, depending on their urgency.

This guide explores what each of them brings to the table to help you decide which best home buying companies or company to sell your house to.

Table of Contents

What They Offer

Offerpad

Offerpad is a Colorado cash home buyer and is no stranger to the real estate space. The company has been in operation for several years and has bought 1,000+ homes in several cities across different states in the US.

Offerpad adopts a unique model that features two distinct solutions for individuals looking to sell their properties.

The Express solution is specifically designed for people who want to sell their houses fast. It gets them an offer within 24 hours. Prospective sellers can pick a closing date up to 60 days from when they accepted the offer.

On the other hand, the Flex solution allows prospective sellers to test the open market while having a backup cash offer in their pockets.

Offerpad provides them with a cash advance to carry out home repairs and renovations so that they can list and sell it at a higher price. If the house doesn’t get a buyer, they have the cash offer to fall back on.

We Buy Houses in Denver

We Buy Houses in Denver is a Colorado-based, family-run, home-buying company that has been around for several years. They purchase properties for cash in as little as seven days, making it ideal for individuals looking to offload their houses quickly.

Once you get in touch with them and provide details about your property and its location, they’ll get you a solid offer based on fair market value prices within 24 hours. If you need it sooner, they can get you an offer within 30 minutes from the time of your initial inquiry.

We Buy Houses in Denver as a Colorado home buyer purchases homes in their existing condition. You don’t need to clean the clutter or even spend money on repairs and upgrades.

They’ll take your property as-is, and you can close anywhere from seven to 90 days, depending on how fast or slow you want to sell like any other Colorado house buyer.

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Home Buying Process

Offerpad

Here’s how the process works at Offerpad:

  1. Visit their official website and request an offer by filling in the form provided with the requested details. These include your property address and contact information.
  2. Provide details about the square footage of your home, the year it was built, the number of stories it has, the number of bedrooms and bathrooms contained, and other details about your house.
  3. Upload a few images of your property and schedule a quick virtual walkthrough.
  4. Wait 24 hours to receive an offer and review your options to sell your property or list with them.
  5. If you’re happy with the offer, you can pick a closing date between 14-60 days from the initial acceptance date.

It is worth noting that this process is longer and more time-consuming than We Buy Houses in Denver’s three-step approach.

We Buy Houses in Denver

One thing that makes We Buy Houses in Denver a top choice as one of the best cash house buying companies in Colorado for many Colorado residents looking to offload their properties quickly is how quick and easy their process is. If you want to sell your house fast for cash, here’s how it works:

  1. Go to their official website and complete the form with the requested information, including your phone number, property address, and email. If you want to get the ball rolling faster, you can call them on the number provided to speak directly to a company representative.
  2. Once you discuss the nuances of your property and situation, they will formulate an offer based on the fair market value price. You can also arrange for a company representative to do a walkthrough of your house and negotiate the terms further.
  3. When the offer is ready, they will give you a call and present it. If you’re happy with the offer, you can proceed with the closing process.

We Buy Houses in Denver gives sellers the flexibility to choose their preferred closing date, depending on their situation’s urgency (or lack thereof).

Waiting Period

Offerpad

Offerpad lets you decide when to close based on the urgency of your present situation. The fastest you can close on your home is 15 days, while the maximum-allowed period is 60 days. If you need to sell your house fast, you’re better off with We Buy Houses in Denver.

We Buy Houses in Denver

One feature that makes it stand out from the competition is its flexible timelines. If you need to sell your house fast, you can close within the week, which is half the time it would take to close with Offerpad or other Cash buying Companies in Colorado.

If you would rather have more time to resituate and move into a new house, you can extend the closing period to 90 days.

Commissions and Fees

Offerpad

Unfortunately, Offerpad is one of the few house-buying companies that charge commissions and fees when buying your house. They have a 7% service fee and charge 1% of the estimated amount to cover closing costs.

Just to paint a picture, if you get an offer of $300,000, the net proceeds you’ll receive from the transaction will be about $276,000 due to the Offerpad fees.

We Buy Houses in Denver

Unlike Offerpad, We Buy Houses in Denver does not charge a home seller any realtor fees or commissions when buying their properties making it one of the best home buyers in Colorado. There are no hidden charges or miscellaneous fees you need to worry about.

The cash offer you get is what you will receive once you close on your home. If the cash offer price for your property was $300,000, that’s what you’ll get and not a penny less.

Eligible Listings

Offerpad

Offerpad is a little picky regarding the types of properties they buy. They will only consider:

  • Single-family residential properties such as townhouses and condos
  • Residential houses built in 1960 or later
  • Houses valued at less than $1 million (depending on the market)
  • Houses on lots measuring 1 acre or less

If your house doesn’t meet any of these criteria, there’s a good chance they’ll reject your application.

We Buy Houses in Denver

At We Buy Houses in Denver, no property is too ugly, run-down, or problematic to purchase. They want them all. The best part is – they’ll buy it as-is and pay cash for it. It is the best home buying company.

The company is not in the business of lowballing sellers. They work hard to get you the best possible deal for your property with a competitive offer. They’ll get you a fair market value price for your house that other buying companies can’t match.

If your property is on the brink of foreclosure, forms part of a divorce settlement, is part of probate or estate proceedings, or is contaminated with mold, asbestos, or meth, they can take it off your hands.

The same applies if you’re a landlord tired of dealing with troublesome tenants. We Buy Houses in Denver will be more than happy to buy it from you as-is.

What Past Sellers Have to Say

Offerpad Reviews

Below are some Offerpad reviews from past sellers who’ve sold their properties to the company:

  • The sale process was worry and hassle-free
  • They bought the property at a fair price
  • We’re glad we didn’t have to go through the drills of “showing” our house

We Buy Houses Reviews

The company website has several video testimonials from happy clients who sold their properties to the company. The fact that they’re real reviews is a testament to the company’s commitment to integrity, transparency, and credibility in the house-buying business.

Here is what past sellers had to say about their We Buy Houses in Denver experience:

  • The offer we received was higher than what other companies were proposing.
  • We Buy Houses in Denver bought the house in its existing condition when we were having a particularly hard time.
  • The team was friendly and professional throughout the process and went out of their way to help us.

Benefits and Drawbacks

Offerpad

Pros

  • Sellers have the option to list their homes (while having a backup offer from the company to fall back on)
  • Cash offers within 24 hours
  • No showings or open houses
  • Sellers can pick their closing day
  • Will fully fund your local move

Cons

  • Sellers are required to pay 8% of the sale price in service charges and closing fees.

We Buy Houses in Denver

Pros

  • 100% fair price guarantee
  • No realtor fees or commissions
  • It covers all closing costs
  • Pays cash for houses in their as-is state
  • No appraisals, inspections, or financing contingency

Cons

  • We Buy Houses in Denver is a Colorado-based business and doesn’t operate in any other location except Indianapolis, IN

The Verdict

We Buy Houses in Denver and Offerpad are both excellent house-buying companies and home buyers in Colorado.

If you’re looking to sell your house fast and get the best possible cash offer with no fees or commissions, you’re better off choosing We Buy Houses in Denver.

Not only will they get the ball rolling as soon as you give them the green light, but they also have a fair market price guarantee that’s hard to beat.

Want to know what your house is worth in its current as-is condition? Get in touch with us for a no-obligation, free offer with closing costs.

solution-to-sell-your-house-on-your-terms

Your Solution to Selling Your House in Denver, CO On Your Terms

WeBuyHousesinDenver.org is a cash for houses company and we are experts at buying houses in Denver and all of Colorado. Our mission is to give the people of the Mile High city the best solution to sell any house.  When you sell your house to us there are:

  • NO Fees and we cover all the normal closing costs. 
  • NO Stress because you know what is happening at all times – you are in control!
  • Sell your house fast and for easy cash. 
There are even more benefits when you sell a house to  WeBuyHousesInDenver.org including:
  • Sell your house as-is (no repairs)
  • Pay nothing out of pocket
  • Sell fast – you pick the closing date
  • Sell for cash – no bank fees or financing delays
  • 100% Free – no cost and NO STRESS!

This is how selling a house in Denver should be!

Fill out the form to get your no-obligation cash offer today. 

More Scintillating Articles About Real Estate

The latest real estate news, forecasts, insight, and advice are brought to you by the leading authorities in the Denver housing market. We have ears and boots on the ground in the Mile High reporting the facts. Extensive research goes into all our articles and we gather information from trusted real estate experts, renowned local Denver housing specialists, home buyers, and more. We buy houses Denver and as accomplished professionals with a proven track record, we now want to share our experiences with you.   Please enjoy!

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