If you need to sell your home quickly, a We Buy Houses South Dakota company might be the right solution. These businesses make all-cash offers, often buying homes as-is, so you can skip the hassle of repairs and lengthy sales processes.
Sell Your House Fast in South Dakota With a Cash Offer
Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 7 days. No showings, no repairs, no open houses. Available to sellers throughout South Dakota.
For homeowners facing urgent situations like relocation, financial stress, or inherited properties in need of work, a cash sale offers speed and simplicity.
In this post, we’ll break down how We Buy Houses companies work in South Dakota, weigh the pros and cons, and explore alternative options to help you make the best decision for your situation.
Working with house-buying companies in South Dakota
Selling your home to a house-buying company helps you close quickly without the stress of traditional sales. Here’s an overview of the process of selling a house for cash:
- Contact the company: Reach out to a house-buying company and provide basic information about your property. They may ask about the condition, location, and size of your home.
- Schedule a property evaluation: Set up a time for the company to visit and assess your home. This step helps them determine their cash offer.
- Receive a cash offer: After the evaluation, the company will present you with a no-obligation cash offer, often on the same day as the visit.
- Review the offer: Take time to review the offer and decide if it aligns with your needs and goals.
- Sign the agreement: If you accept the offer, sign the purchase agreement to move forward with the sale.
- Close on your timeline: Work with the company to select a convenient closing date, often within a matter of days. You’ll receive your payment in full at closing.
Popular We Buy Houses for Cash companies in South Dakota
If the process of selling to a house-buying company in South Dakota sounds good to you, it’s time to find a legitimate operation you can trust. We’ve compiled some of the top companies that will pay cash for your or your parents’ ranch-style or farmhouse. By working with one of these companies, you should be able to sell your South Dakota home in as little as a week or two.
Sioux Empire Home Buyers
Sioux Empire Home Buyers is a local home-buying company focused on improving neighborhoods throughout Sioux Falls. The company purchases homes of all types, from older properties that need some upgrades to well-maintained houses that fit its rental portfolio.
Most renovations keep the original structure and character intact, with updates to flooring, kitchens, bathrooms, and paint to give each home its own unique look. Sioux Empire Home Buyers provides cash offers that remain valid for up to 60 days, giving sellers flexibility and peace of mind.
Locations: Sioux Falls
Closing costs: Sellers pay no closing costs; Sioux Empire Home Buyers covers them.
Sioux Empire Home Buyers earned an A+ rating from the Better Business Bureau (BBB). On Google, it scored 5 out of 5 stars, as clients share that the team is outstanding, professional, and courteous throughout the entire selling process.
They appreciate how smoothly everything moved, even when working within a tight timeline or accommodating special requests. The experience is often described as reassuring and far easier than expected.
Website: siouxempirehomebuyers.com
Phone number: 605-640-5601
Simple Sale (a HomeLight platform)
Simple Sale, a solution from HomeLight, is an online platform where sellers in South Dakota (and across the country) can request a cash offer for their home. It connects you to one of the largest networks of cash buyers in the U.S.
Partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. This enables Simple Sale to provide cash offers for a wide array of properties, even those that need some or a lot of work, in different locations throughout South Dakota.
With this platform, you can get a no-obligation, all-cash offer in 24 hours and sell your home in as few as 7 days, skipping the months it can take to sell the traditional way.
Locations: Nationwide, including South Dakota
Closing costs: No prep costs, agent commissions, or fees charged by HomeLight. Individual investor fees may vary.
Simple Sale is a platform by HomeLight, a real estate solutions company founded in 2012. Given its strong focus on excellent customer service, it has been BBB accredited since 2019 and now holds an A+ rating.
The company has 4.8 stars on Google based on hundreds of user reviews. Below, you can hear about how Baohan Wu, a seller who used Simple Sale to sell his high-rise apartment, closed within three and a half weeks, and what he thought of the process overall.
Website: homelight.com/simple
Phone: 844-488-8455
Metastone Property Solutions
Metastone Property Solutions is a real estate solutions and investment firm that helps homeowners sell burdensome properties quickly and with less stress. The company specializes in providing fair, all-cash offers backed by a straightforward, professional process.
After a homeowner submits a short property information form, an offer is typically provided within 24 hours. Closings are flexible, allowing sellers to choose a timeline that best suits their needs.
Locations: Throughout South Dakota
Closing costs: Sellers pay no closing costs; Metastone Property Solutions covers them.
Metastone Property Solutions earned a high A+ BBB rating and a 4.7-star rating on Google. Clients say the team provides fair offers and handles negotiations with transparency and integrity. Once an agreement is reached, they take care of the details and keep the process moving quickly. Several reviewers also appreciate the savings on fees and commissions. Overall, the experience is described as straightforward and a pleasure to be part of.
Website: webuyhomessiouxfalls.com
Phone number: 605-301-6038
Local Home Buyers
Local Home Buyers purchases homes and investment properties in Sioux Falls for cash, aiming to make the selling process fast, simple, and stress-free. Homeowners receive a fair all-cash offer, often within 24 hours of a property visit. The process is straightforward and obligation-free, giving sellers peace of mind. Closing is flexible, allowing homeowners to choose the date that works best for them.
Locations: Sioux Falls
Closing costs: Sellers pay no closing costs; Local Home Buyers covers them.
Local Home Buyers maintains an A grade from the BBB and a 5-star rating on Google. Clients say the team provides a highly personal and professional experience. The staff takes the time to explain the process and options, making the home sale straightforward and stress-free. Many describe the team as understanding, efficient, and easy to work with. They highly recommend their services and would gladly work with this cash buyer again.
Website: localhomebuyerssiouxfalls.com
Phone number: 605-349-2217
ReSolve Real Estate Solutions
ReSolve Real Estate Solutions is a trusted home-buying company in Sioux Falls, providing homeowners with a fast and straightforward way to sell their properties. Known for integrity and fair dealings, the company offers a stress-free alternative to the complexities of traditional real estate transactions. Homeowners receive an immediate cash offer and have the flexibility to choose their closing date.
Locations: Sioux Falls and the surrounding areas
Closing costs: Sellers pay no closing costs; ReSolve Real Estate Solutions covers them.
Backed by numerous positive reviews, ReSolve Real Estate Solutions earned 5 out of 5 stars on Google. Clients say the team turns a potentially stressful selling process into a smooth and efficient experience.
They appreciate the genuine care, clear communication, and personal support that make the transaction feel more human and less transactional. Agreements are handled fairly, and closings happen quickly, easing worries about costly repairs. Many feel satisfied, supported, and confident recommending their services to others.
Website: sellmyhousefastsiouxfallssd.com
Phone number: 605-370-5190
Why sell your South Dakota house for cash?
If you’ve ever sold your home through the traditional real estate market, you know the process can drag on for months, and there’s no guarantee of a sale. But when you sell to a We Buy Houses company, you’re looking at a guaranteed sale in just a matter of days. Speed, convenience, and certainty are the top reasons many homeowners choose to work with a cash-for-homes firm.
In South Dakota, selling a home on the market takes around 101 days using an agent. That includes an average of 58 days on the market plus the usual 43 days a buyer needs to close on a purchase loan.
Compare that to the typical seven to 10 days promised by many house-buying companies in South Dakota, and it’s clear why these Cash-For-Homes groups are an attractive option, even though they don’t always offer top dollar for the homes they purchase.
Here are some common scenarios where a house-buying company could help:
- Work-related move: If you need to sell for a job relocation, a cash sale lets you skip the long wait of a standard home sale.
- Divorce settlement: A fast sale can simplify the process of dividing assets during a divorce.
- Unwanted inheritance: You’ve inherited a home that you don’t have the time or resources to maintain or manage.
- Shift to a smaller home: You’re ready to downsize to a smaller, more manageable home and want a hassle-free sale.
- Major repairs needed: Your home is in poor condition and requires costly repairs that you’d rather not tackle before selling.
- Open house stress: You want to avoid the inconvenience of hosting showings and open houses.
- Structural damage: Selling as-is allows you to sidestep expensive foundation repairs.
- Foreclosure prevention: A fast sale can help you avoid foreclosure and its long-term impact on your credit.
- Landlord retirement: You want to sell a property that has tenants without waiting for leases to expire.
- Remote home sale: Selling from out of state is too challenging or time-consuming, and a cash sale simplifies and speeds up the process.
Pros and cons of house-buying companies in South Dakota
The biggest advantages of selling to a house-buying company in South Dakota are speed and convenience. These companies can close quickly and buy your house in any as-is condition without requiring repairs or preparation. Here’s a quick look at the pros:
Pros of house-buying companies
- Fast closing: Most house-buying companies can close in as little as a week, offering a quick solution for urgent or time-sensitive situations.
- No repairs: You can sell your house as is, avoiding the expense and hassle of repairs or upgrades.
- No contingencies: Cash buyers don’t rely on contingencies like inspections or appraisals, which simplifies the process.
- No showings: You won’t need to stage your home or host open houses, making the sale process stress-free.
While house-buying companies offer convenience, it’s essential to weigh the downsides. The most significant drawback is that these companies will typically pay below market value compared to selling with a real estate agent. Here’s a closer look at the cons:
Cons of house-buying companies
- Lower offers: House-buying groups generally pay less than what your home would fetch on the open market.
- Limited competition: Without listing your home, you miss out on competitive offers that could drive up the price.
- Scam risks: Not all companies are reputable, so you need to watch out for potential scams and shady operators who present extremely low offers or force homeowners to accept unfair terms.
- No negotiations: Most offers are take-it-or-leave-it, leaving you with little room to adjust terms or pricing.
Vet cash buyers and know your home’s worth
The level of integrity and service you experience from a We Buy Houses for Cash company can vary, even within an established house-buying group that strives to maintain high standards. This is because many Cash-For-Homes companies are franchises and often use independent investors or wholesaling outfits. Your experience depends on the character of the person or group making the offer.
Before committing to a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.
HomeLight suggests you consult with an experienced local agent to get a better idea of what your home might be worth if sold on the open market. From there, compare your cash offer. HomeLight can connect you with a top-performing agent in South Dakota. You can also use our Home Value Estimator to get an initial ballpark estimate in less than two minutes.
Curious What Your Home Is Worth?
Get a near-instant real estate house price estimate from HomeLight for free. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes.
Other options to sell your South Dakota home quickly
If you need to sell your home fast, it’s worth considering alternatives to house-buying companies. Here’s a brief look at two popular options:
Working with iBuyers
iBuyers like Opendoor and Offerpad use automated valuation models to make near-instant, all-cash offers for homes in good condition. They typically pay closer to market value and can close quickly, often in just a few days to two weeks. However, these iBuyer companies charge service fees of 5% to 6% and eligibility limitations may apply.
Listing with an agent
While listing with an agent may take longer, a seller-friendly market can lead to a fast sale when your home is priced and marketed strategically. A top agent can provide a comparative market analysis, usually at no cost, to help set the right price. Through your agent’s vast network, you may also be introduced to cash buyers offering closer-to-market-value deals. HomeLight can connect you with a top-performing agent to explore this option.
FAQs on South Dakota house-buying companies
By and large, most We Buy Houses for Cash companies in South Dakota are legitimate businesses. Their services and transaction fees may differ, but the business model has been around for decades. If you use an established group with a track record, you can be fairly confident that it’s legit.
That said, as with any financial transaction, it’s a good idea to be on the alert for scams. Always research companies before you sign a contract. Check customer reviews, look at their online presence, verify professional licenses, get a referral if possible, and vet the company on the BBB website. Watch for anything that just doesn’t seem right.
Most South Dakota We Buy Houses for Cash companies apply the 70% rule, meaning they’ll offer you about 70% of your home’s after-repair value (ARV) minus their estimated repair costs.
Here’s an example of what a simplified formula might look like:
(Your home’s ARV x .70) – repair costs
To see how this might work in a real-world scenario, let’s take a look at an example offer equation. Let’s say your South Dakota ranch-style home could sell for $320,000 after repairs, but it will need $30,000 of work to get there.
($320,000 x .70) – $30,000 = $194,000
In this example, a South Dakota We Buy Houses company might offer you around $194,000 for your home.
However, different types of house-buying companies will offer varying amounts for homes. As mentioned previously, iBuyers tend to pay more than We Buy Houses companies because iBuyers look for homes in better condition. An iBuyer might pay you 90% or more of market value while charging a fee for their services.
When you accept an offer from a South Dakota We Buy Houses for Cash company, you will likely be coming to grips with a double-edged sword. On the one hand, it shouldn’t cost you any additional money because these companies make an offer and handle almost everything once it is accepted. On the other hand, you’ll likely get less money overall for your home.
Because We Buy Houses for Cash companies tend to focus on distressed homes, they typically have zero fees. Many will even cover your closing costs. In most cases, this means that the cash offer you receive will be the price you walk away with at the end of the deal. Of course, asking the company if any hidden program fees might impact your bottom line is always a good idea.
- Research and vet the house-buying companies that serve your South Dakota area. Our list above is a good place to start.
- Submit offer requests to a few of the companies you like best.
- Schedule any required on-site property visits.
- Compare offers. Weigh the pros and cons and choose the best option for you.
- Close the sale in a week to 30 days and get paid. (Some companies will let you choose a closing date up to 90 days after accepting the offer, which can be helpful when planning a move.)
We Buy Houses for Cash in South Dakota vs. top South Dakota agent
Another helpful exercise is to compare how a We Buy Houses for Cash company might stack up against working with a real estate agent. Let’s take a glance at how different aspects of the sale might look and compare possible proceeds.
| Aspect of the sale | Sell to a We Buy Houses for Cash company in South Dakota | Sell with a top Realtor in South Dakota |
| Selling timeline | 7 to 30 days | 101 days average; 58 to attract an offer, 43 to close the loan |
| Home preparations | None | Deep clean, declutter, make necessary repairs, landscape, and stage the home |
| Showings | None | 10 to 25 showings on average |
| Inspections and repairs | None | May need to make additional repairs for the buyer or renegotiate the price |
| Appraisal | None | May need to lower your asking price if the appraisal comes in low |
| Title search | Cash-For-Homes companies often handle title issues | Must clear title before you can sell the home |
| Financing contingency | None | Mortgaged buyers use a financing contingency that could hold up the deal if the buyer’s loan doesn’t clear |
| Agent commission | None | 3% to 6% of the home’s sale price |
| Closing costs | None | 1% to 3% of the home sale price on top of agent commission |
Example net proceeds
Below, we’ve compiled one example of how net proceeds may differ between selling a home to a We Buy Houses for Cash company and an agent-assisted sale.
Let’s say your home in South Dakota is worth about $290,000 and needs about $30,000 in repairs. Once the repairs are completed, the home might be worth around $320,000.
| Sell to a We Buy Houses for Cash company in South Dakota | Sell with a top Realtor in South Dakota | |
| Estimated sale price | ($320,000 x .70) – $30,000 = $194,000 | $290,000 |
| Market preparations | 0 | $2,900 (1% of the sale price) |
| Agent commissions | 0 | $8,700 (3% of the sale price) |
| Closing costs | 0 | $4,350 (1.5% of the sale price) |
| Estimated take-home for seller | $194,000 | $274,050 |
As this example illustrates, it’s usually in your best financial interest to partner with an experienced real estate agent. However, net proceeds are not the only consideration when selling a home. What’s best for your situation will depend on the condition of your property, the level of repairs needed, and your selling objectives. It could be that selling on the open market will be a challenge in your area, or the agent timeline might not fit your immediate needs.
Key takeaways
- Fast transaction: House-buying companies in South Dakota offer quick, all-cash sales that can close in as little as a week.
- No repairs or staging: You can sell your house as-is without spending time or money on repairs, upgrades, or showings.
- Lower offers: Cash-for-homes companies typically pay below market value compared to selling with an agent.
- Limited flexibility: Offers are often take-it-or-leave-it, with little room for negotiation or adjustments.
- Quick sale options: Working with iBuyers and listing with an agent provide alternative ways to sell quickly while potentially maximizing your home’s value.
- Home value insights: Always be aware of your property’s estimated market value before you proceed with a cash-offer company to avoid extremely low offers.
At HomeLight, we’re happy to lend a guiding hand in navigating your real estate journey. Let us help you make an informed and confident decision, whether you’re looking for a no-obligation cash offer through a trusted platform like Simple Sale or seeking to consult with a top South Dakota agent.
Editor’s note: This post is for educational purposes only. Links to and mentions of South Dakota area “We Buy Houses” companies are not endorsements. Moreover, the program details mentioned above may change. Visit the home-buying company’s website for the most up-to-date information.
Header Image Source: (Tommy Bond / Unsplash)
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