What if the first cash offer you get for your house leaves you feeling like you could be leaving thousands of dollars on the table?
I asked myself this very question last year. After receiving my initial cash offer from Opendoor, I realized I needed to look at other options.
A big issue I had was with their service fee and other additional fees. I will discuss those things in this article. It was interesting going through this process because I had no idea how many types of buyers were out there.
If you don’t have a lot of time, let me share the main things I learned that I’ll be covering here.
Summary of What I Learned
- Getting multiple offers is worth the effort because cash offers can vary wildly.
- Some local cash buying companies pay significantly more than others.
- You don’t have to sacrifice speed for a fair price on your home.
- Understanding company fees and timelines prevents costly surprises.
- Your specific situation, like needed repairs, determines the best buyer for you.
- I ended up going with someone that offered less and was happy about it.
Introduction: My House Situation
My journey started with an unexpected inheritance. My father passed and I was the sole heir. His house had been neglected for a long time as he had health and financial issues.
The roof was leaking, there were holes in the walls, the carpet was stained and ripped in some places, the kitchen and bathrooms were old and I had no idea whether the plumbing worked because there were weird pipes running on the outside of the house that went into the wall where the kitchen sink is on the inside.
I know nothing about fixing up houses and didn’t really know what to do.

Traditional Real Estate Agent
First, I contacted a real estate agent a friend recommended. Unfortunately, the agent did not seem interested due to the amount of repairs needed. She said it was not the type of house she usually lists. She simply was at a loss for how to price the house. This did not give me much confidence in this route.
She did mention that I might consider contacting an iBuyer to get an idea of what kind of price I might expect to get.
Contacting Opendoor
It seemed like Opendoor was the first option I found when I started searching for an iBuyer. Their cash offer felt lower than I hoped, but I really had no idea if it was fair or not! What I did know was there were fees that were pretty high.
Do all buyers charge these fees? I was starting to get curious about this whole selling process.
I started researching other cash home buyers. The San Antonio market had more options than I ever knew existed. Companies presented lots of different terms, fees, and timelines. So I will try to break down how I evaluated them as I tried to find a way to compare them in a fair way.

Overview of Key Considerations
I realized several factors were critical for me to understand what a good outcome would be:
- The actual cash I’d receive after all fees.
- How fast I could close on my house.
- Whether there would be a formal inspection and if I needed to pay for repairs.
- The company’s reputation and reliability.
My main concerns were a fair price and no hidden costs.
First, let me also express the reality that there is always going to be a trade off with price when you want a faster sale. This was found across all types of cash buyers and something that I could not find a way around.
Opendoor Alternatives – 3 Types of Buyers
As I started looking for cash house buyers to make me an offer, I found there were many different buyers and they all fit within 3 categories.
- iBuyers
- Digital Marketplaces
- Local Cash Home Buyers
I will do my best to explain the differences between these 3.
iBuyers Like Opendoor and OfferPad
These companies leverage technology to buy houses directly from home sellers. There are a few more steps involved with these services as you will likely have to submit photos and videos and waiting several days for an estimate of what they will offer you. Then they will need to send someone out to the house to assess the house and confirm any assumptions they made from your photos and video.
There has been discussion in online forums about how the offer can change after the physical, in-person inspection. This has caused frustration with many sellers. The extra steps and uncertainty of offers made caused some concern.
Then there are the fees.
Fees
Opendoor and OfferPad both have a 5% service fee and roughly 1% to 3% closing fees. There can also be reductions due to repairs needed. This can be a hefty cost of tens of thousands depending on the purchase price of the home.
These fees really reduced the net cash I would get from the sale of my house.
Closing Speed
iBuyers like OfferPad and Opendoor typically can close as fast as 8 to 14 days. There are cases where they have taken much longer.
These speeds are acceptable to me. In my opinion, anything over 14 days seems like a long time.
Inspections
While they do not perform professional formal inspections, they do have thorough inspections they do themselves. This seems to add time and complexity to the whole process.
Reputations
Online reviews and discussion in forums shows the companies to be somewhat reputable with mostly favorable reviews. The typical complaints come from timelines not being met and offers being reduced after inspections.
Digital Marketplaces Like Clever Offers and Houzeo
Marketplace platforms were a bit of a surprise. They allow you to get many competing offers at once.
Clever Offers stood out. It provides three distinct programs: a straight cash offer, a competitive 7-day listing, and an instant option with a future bonus.
Houzeo also impressed me. For a small flat fee, it will list your property on the MLS for six months, exposing it to many buyers. There is a percentage fee (between .5 and 1% of the sale price) added once you close, so I do not see this as a true flat fee service.
The downside of course is waiting for offers and not knowing whether those buyers can actually close.
Fees
Fees vary based on which service you choose. They are lower than iBuyers but can creep up to being higher with percentage of sale price fees added upon closing in some cases.
Closing Speed
The speed of closing depends on the buyers you get and who you ultimately go with. Cash buyers on these platforms can typically close within 7 to 14 days, but traditional buyers will take between 30 and 45 days.
Inspections
While the services do not perform professional formal inspections, the buyers typically do request them. I did not like knowing that the whole sale could be put into jeopardy if the inspection uncovered things the buyer wasn’t anticipating. This increased the uncertainty of the sale going through without hiccups.
Reputations
The overall reputations of both of these companies was good. The cons that were mentioned frequently were the quality of agents people ended up having to work with, hidden costs that weren’t completely clear from the beginning, and difficulty getting support.
The complaints make sense since you are basically dealing with a middle-man in the sale of your house.
Local Cash House Buyers Like Danny Buys Houses
There are national and local cash house buyers in San Antonio. Wanting to work with someone local to make this experience different from the iBuyers and digital marketplaces, I decided to look at the local buyers.
There are a lot of buyers so I narrowed down my search based on reviews, BBB accreditation, and time in business. This led me to focus on Danny Buys Houses and Texas All Cash.
Fees
Both companies and most of the companies I researched mentioned there were no fees. In talking to both Danny Buys Houses and Texas All Cash, they confirmed there would be no fees and that they pay all normal closing costs.
This gave the local cash home buyers a big advantage as they allowed me the greatest net proceeds.
Closing Speed
Local companies can move fast. I was told they could close within 3 days if absolutely necessary but typically will close within 7 days. It really depends on how fast a seller wants to close because they said that many want time to make arrangements.
Inspections
Local cash buyers come out to take a look at the house. The two I had come by walked through and talked to me about the house. The process seemed a lot more personal and not as transactional as the other services. They both seemed to really be experts in the San Antonio market, which gave me confidence in what they were telling me about the house and its location.
Reputations
Both companies had a lot of online reviews from Google, the Better Business Bureau, Yelp and Facebook. Nearly all of the reviews were positive and affirming what I was feeling about how the local companies felt like a better experience because they got personally involved.
In fact, I ended up going with Danny Buys Houses because Danny Johnson, the owner, is the one that answered the phone when I called. He was the one that came by to see the house and make me a fair offer on the same day.
I Chose Transparency and Certainty
Ultimately, I wanted transparency and certainty. The last thing I wanted was to find out there would be more fees and costs that reduced what I was going to net at closing.
I wanted certainty because I didn’t want to feel like there was a chance the buyer would back out or try to renegotiate.
This is why I ended up going with a local cash home buyer. Danny kept in contact with me throughout the process and was always available when I had questions. He did not offer me the highest price, but due to the fact that I did not have to pay any fees or closing costs, I ended up with more once everything was finalized.
I hope the sharing of my journey helps you with the cash sale of your house.

More Stories
Fenbendazole 444 mg Capsules: Science, Uses, and Cancer Research Potential
The Bounty of the Land: How Local Produce Shaped American Cuisine
How Cats Heal People