We Buy Houses in Denver vs Opendoor

WE BUY HOUSES REVIEW SERIES: This is Article 9 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 Opendoor in a 3rd party independent review. 

old house with red and white siding

Before getting into We Buy Houses in Denver vs. Opendoor reviews, consider this: You want to sell your house. Traditional methods dictate that you go the realtor route and list your property on the open market.

Unfortunately, this also means you would have to spend tons of cash doing repairs, upgrades, and renovations to get it ready for showing.

You can see how that would be a problem if you have an older, outdated, or run-down house. It would cost tens of thousands of dollars to get it up to par.

You also need to consider the realtor fees, staging costs, closing fees, and other expenses that will affect your profit margin. Not to mention the time and energy required to see the process through. It’s a lot.

House-buying companies like We Buy Houses in Denver and Opendoor orother Colorado Cash Buyers purchase properties like yours for cash. 

You don’t have to waste time and resources on costly repairs either. You can sell your house fast, as-is, and close in as little as seven days. They will give you a cash offer now.

This guide takes an in-depth look into these two companies to help you determine which one to go with and which is the best home buying companies in Colorado.

Table of Contents

What They Offer

Opendoor

Opendoor is a digital-based company that deals primarily with residential real estate. Since its founding in 2014, the platform has facilitated more than 100,000 home transactions between buyers and sellers.

Denver residents looking to sell their houses fast can request a cash offer and close on their homes in 14 days.

Opendoor buys properties for cash as-is and handles any repairs required. That said, unlike We Buy Houses in Denver, Opendoor deducts the costs associated with these repairs from the offer price.

We Buy Houses in Denver

We Buy Houses, a Colorado cash home buyer is a household name in the Denver real estate market. The company, which also happens to be a family-run business, has been in the property-buying market for several years.

It has built a reputation as one of the most credible, home seller-oriented house-buying companies. It has bought dozens of houses from Denver residents looking to offload their properties fast.

As a Colorado home buyer, one of the perks you get when you sell your house to them is that they’ll buy it for cash as-is. It means you don’t have to worry about costly upgrades and renovations or spend time and energy hauling out infinite amounts of junk you’ve collected over the years.

Once they assess your property and give you a fair market offer for it, you can close on your house in as little as seven days.

house model on sale on backgrouund

Home Buying Process

Opendoor

Selling your house to Opendoor is pretty straightforward. Here’s what’s required:

  1. Visit the company website and enter your home details and contact information to request an offer.
  2. If you’re happy with it, go ahead and accept it, and then schedule a free assessment of your house.
  3. Choose a suitable closing date and receive payment in a matter of days.

We Buy Houses in Denver

If you want to sell your house fast, you can’t go wrong with We Buy Houses in Denver as your Colorado house buyer. The company’s three-step approach is one of the industry’s most straightforward and transparent processes. This is why it is the go-to for homeowners looking to dispose of their properties quickly as cash house buying companies in Colorado do.

Here’s how it works:

  1. Go to the official company website and fill out the form with the required details, including your contact information and property address. You can call the number provided if you would rather speak directly to a company representative.
  2. Depending on the nuances of your situation, you can schedule a walkthrough. This allows the team to assess your house and provide you with an updated offer if need be. Once they get the needed information, they’ll structure an introductory offer.
  3. You should receive a solid offer in 24 hours. In urgent situations, a We Buy Houses agent will call you back with an offer within 30 minutes of your initial inquiry.

Waiting Period

Opendoor

Opendoor, like other Cash buying Companies in Colorado lets the home seller choose their closing dates. The shortest possible duration you can close is 14 days. That’s double the time it would take to close with We Buy Houses in Denver. However, you can extend it by whatever period suits you.

We Buy Houses in Denver

If your house is on the brink of foreclosure or you find yourself in a desperate situation where you need to sell your house fast for cash, you need to act quickly. The first step would be approaching a house-buying company with a proven track record of moving the process along quickly.

With We Buy Houses in Denver, as the best home buyers in Colorado, you can close on your home in seven days from when you accepted the offer. 

On the flip side, if you would rather take a little longer to find a new house to move into before leaving your old one, you can give them a closing date that works for you. They are flexible and can work within your preferred timeline.

Commissions and Fees

Opendoor

While most house-buying companies in the Denver area don’t typically charge commissions or fees for their services, Opendoor isn’t one of them. They have a 5-14% service charge to cover utilities, maintenance, property taxes, and closing costs.

We Buy Houses in Denver

One of the great things about selling to We Buy Houses in Denver is that the cash offer they give you is the amount you’ll receive once you close on your home. You don’t have to worry about service charges, realtor fees, or other hidden expenses. They even cover closing costs making them one of the best home buying company in Colorado.

If you received a final offer of $200,000 on your home, that’s the amount you can expect to show up on your bank balance.

Eligible Listings

Opendoor

Opendoor only buys houses that meet very specific criteria. They must be:

  • Townhouses
  • Single-family residential units
  • Condos and duplexes (only in specific markets)

The houses in question also need to have a valuation of between $100,000 and $600,000. They don’t buy mobile homes or prefabricated houses either.

We Buy Houses in Denver

No property in Denver is too ugly or beat-up for We Buy Houses in Denver. They purchase a wide range of properties in cash, as-is, regardless of the circumstances leading up to their sale. Some of the properties they buy include:

  • Estate or probate houses
  • Hoarder’s houses
  • Houses at the center of environmental issues like meth, asbestos, and mold
  • Houses that aren’t eligible for financing
  • Houses with questionable structural integrity
  • Properties in foreclosure
  • Properties that form part of divorce settlements
  • Run-down properties that require significant upgrades and repairs
  • Short sale houses

What Past Sellers Have to Say

Opendoor Reviews

Here are some Opendoor reviews from past sellers:

  • The process was fast and easy, although I did not realize we needed to negotiate the repair budget before accepting the offer.
  • The entire process was done virtually, which was great at the height of the pandemic.
  • Everything went as expected. No surprises.

We Buy Houses Reviews

We Buy Houses doesn’t just feature written testimonials from past clients. They also have several video reviews from past sellers recounting their experience with the company.

Here’s what some of them had to say:

  • We were surprised by how fast the property sold. We got the best deal in the market compared to the offers from other local companies.
  • They bought the house as-is in what was a challenging period in our lives at the time.
  • The team was professional every step of the way. The entire process went off without a hitch, and we received a higher offer than we initially expected.

Benefits and Drawbacks

Opendoor

Pros

  • The process is 100% digital
  • You don’t need to do any repairs or renovations
  • No listings or showings
  • They can generate a preliminary, no-obligation offer within minutes
  • The flexible closing schedule

Cons

  • The 5-14% service charge for repairs, closing costs, and other fees
  • They only buy homes with a valuation between $100,000 and $600,000

We Buy Houses in Denver

Pros

  • No costly repairs or renovations required
  • No realtor commissions, fees, or hidden charges
  • Fair price guarantee
  • Free no obligation cash offer
  • The flexible closing period

Cons

  • The company only operates in Denver, CO, and Indianapolis, IN

The Verdict

While both companies are outstanding in their own right, We Buy Houses in Denver is the clear winner regarding competitive cash offers, fast closing times, and fees/charges. If you need to sell your house fast and receive the proceeds of your sale in full, We Buy Houses will help you do that in as little as seven days.

The testimonials from happy sellers who sold their properties to We Buy Houses in Denver outweigh the number of positive Opendoor reviews online. Many sellers weren’t pleased with the 5-14% service charge Opendoor imposes on its clients.

Want to know how much your house will fetch if you sold it today? Get in touch with us for a free, no-obligation cash offer. Want to get a cash offer now? WeBuyHousesInDenver.org, the best home buyers in Colorado is your solution to selling your house, because as Denver’s number 1 cash home buyer we will buy any house in any condition so if you want a cash offer on your property simply give us a call or fill out an online form and our team of experts will get to work, quick smart, to help you get your house SOLD!

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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