The simple answer is yes, We Buy Houses is a legitimate company with more than 2,700 offices across the country. We Buy Houses sets national standards that its licensees must meet, making it more credible than private cash buyers who are not investigated by anyone. But the companies “We Buy Houses” and “Cash For Your House” are mostly 100% legitimate real estate businesses. These cash buyers are looking for homes that may or may not need some type of work and that can be sold or maintained for profit.
It's the couples on home improvement TV shows looking for dilapidated homes and properties, replacing everything inside with designer fixtures and floors, and then, in less than 90 days, they sell the house for a HUGE profit. You don't have to drive long to see a “We Buy Houses” sign affixed to street signs or telephone poles. In this case, your due diligence will be to determine if the person or business has the money to cover the cash price offer, if they have a reputation in the community or area for honoring contracts and keeping their word, and if they are a legal entity depending on the county and state, and can buy your home. You can expect real estate investors to buy just about any type of property, whether it's a new home, a condo, a townhome, or a traditional single-family resale home.
A company like “We Buy Ugly Houses” won't pay you anywhere near the market value of your property.