Greg Buys Homes: Biggest "We Buy Houses for Cash” Companies

Biggest "We Buy Houses for Cash” Companies

I'm probably the only "we buy houses" type website that actually lists my big competitors. Why? 

1. I'm a realist. I know people finding gregbuyshomes.com are already searching the web.

2. I believe in karma: be helpful as possible and it will return to you.

One of the things that surprised me at first is the domination of the large franchises types. These guys basically sell leads or franchises to anyone that can afford them. I've seen prices for single leads as high as $500! 

Next in line is the "institutional" buyers or REITs. You won't find these companies posting "We buy houses" ads but they are the biggest of the buy and hold category.

The newest category is iBuyers. The largest (Zillow offers and OpenDoor) went offline for a while due to Covid but seem to be coming back. Zillow actually holds properties, and some say they do this at a loss. All part of their grand scheme to be your one stop shop for real estate. They want to be the Amazon of online real estate.

As we go down from there we find individual investors and wholesalers (like me). Investors "fix and flip" or hold as a rental. Wholesalers are the hard-working middle men of the industry. We find sellers and bring them together with the cash investors.

This is my first cut at this list and will come back and update over time.  (Click to open it up in a more readable window!)