If you've seen "We Buy Houses" signs around Las Vegas or searched online for local buyers, you've probably wondered: how does this actually work? Who are these buyers, what will they pay, and is it legitimate?
This guide answers every question Las Vegas homeowners have about selling to a cash buyer — from how offers are calculated to what happens at closing.
Who Buys Houses for Cash in Las Vegas?
702 Cash Offer is a locally-operated home buying company in Las Vegas, Nevada. We've been purchasing homes throughout the Las Vegas Valley since 2019 — Henderson, North Las Vegas, Summerlin, Boulder City, Pahrump, and every neighborhood in between.
We're not a national franchise or a technology middleman. When you call us, you talk to a local team member who knows the Las Vegas market. When we make an offer, we're the ones buying — not assigning the contract to a third party.
Our buyers are homeowners in a wide range of situations:
- People who inherited a property they don't want to maintain
- Homeowners facing foreclosure or behind on payments
- Divorcing couples who need to split the asset quickly
- Landlords tired of problem tenants and ongoing repairs
- People relocating out of Las Vegas for work or family
- Owners of properties in poor condition who don't want to deal with repairs
- Seniors downsizing or moving to assisted living
Whatever the situation, we buy.
What Types of Houses Do We Buy?
Any condition. That's not a marketing line — we mean it.
We've purchased homes with:
- Roof failures (full replacement needed)
- Foundation cracks and slab issues
- Major water damage and mold
- Fire and smoke damage
- Unpermitted additions
- Hoarder conditions requiring full cleanout
- Code violations and stop-work orders
- Outdated electrical (knob-and-tube, Federal Pacific panels)
- Non-functioning HVAC systems
If the home is standing and has a clear (or clearable) title, we'll make an offer.
We also buy:
- Rental properties with tenants in place
- Properties in probate or going through estate proceedings
- Homes with liens (we work with title companies to resolve them)
- Vacant and abandoned properties
- Mobile homes on permanent foundations
How We Calculate Our Offer
We're transparent about this because we think homeowners deserve to understand the process.
Our offer is based on:
1. After Repair Value (ARV) — What the home would sell for in good condition, based on recent comparable sales within about a mile of your property.
2. Estimated repair costs — We assess what it would take to bring the home to marketable condition. We use experienced local contractors for estimates.
3. Selling costs — When we eventually resell the home, we pay realtor commissions (5-6%), closing costs, and holding costs. Those come off the top.
4. Our target profit margin — We're a business, and we need to make a profit. Typically 8-15% of ARV, depending on the project.
The resulting offer is typically 65-80% of what the home would sell for in perfect condition. For homes with significant repair needs, this can be lower.
Example:
- A home in Henderson ARV: $380,000
- Estimated repairs: $45,000
- Holding and selling costs: ~$35,000
- Target profit: $35,000
- Our offer: approximately $265,000
Is that less than full market value? Yes. But compare it to what you'd net after 3-5 months on market, paying 6% commission, making repairs, and potentially negotiating price reductions — and the gap often narrows significantly.
What You Don't Pay When You Sell to Us
No realtor commission — Saves you 5-6% of sale price. On a $300,000 home, that's $15,000-$18,000.
No repair costs — We buy as-is. No pre-sale repairs, no inspection credits, no contractor bills.
No closing costs — We cover all standard closing costs. What we offer is what you receive.
No staging or photography — No need to prep the home for showings.
No carrying costs while listed — You stop paying mortgage, insurance, and taxes as soon as you close with us.
The Las Vegas Neighborhoods We Buy In
We buy homes throughout Clark County and surrounding areas:
Las Vegas proper — All zip codes from 89101 to 89199. Downtown, Summerlin, the West Side, and everywhere in between.
Henderson — Green Valley, Anthem, MacDonald Ranch, and all Henderson neighborhoods.
North Las Vegas — Aliante, Eldorado, and surrounding areas.
Boulder City — We buy in Boulder City despite the unique land ownership structure (we're experienced with the process).
Pahrump — Nye County properties in Pahrump and surrounding valley areas.
Mesquite — Select properties based on condition and price range.
If you're not sure whether your area qualifies, just call — we'll tell you straight away.
The Full Timeline: From Offer to Closing
Here's exactly what selling to 702 Cash Offer looks like, day by day:
Day 1 — You submit your property via our form or phone. Takes 2 minutes.
Day 1-2 — We research your home (no appointment needed for the initial offer in most cases). We may schedule a brief walkthrough if we have specific questions about condition.
Day 2 — You receive a written cash offer with a 7-day acceptance window.
Day 3-7 — You review, ask questions, negotiate if you'd like. No pressure.
Day 7-30 — If you accept, we open escrow, conduct a title search, and schedule closing. You pick the date.
Closing Day — Sign documents (or use a mobile notary), hand over keys, receive payment. Usually takes about an hour.
Total time: as fast as 7 days. More typically 14-21 days to allow for title work.
Common Misconceptions About "We Buy Houses" Companies
"They'll lowball me." Our offers are based on real market data. We're not going to offer $50,000 for a $300,000 home. If our offer doesn't work for your situation, you're free to walk away — no pressure.
"It must be a scam." There are bad actors in every industry. 702 Cash Offer has been buying homes in Las Vegas since 2019. We have verifiable reviews, a local address, and we provide proof of funds before closing.
"I'll do better listing with a realtor." Sometimes that's true — for homes in great condition with time on their side. For homes that need work, are in distressed situations, or need to close fast, the math usually favors a cash sale.
"They'll find something wrong during inspection and lower the offer." We price our offers knowing the home needs work. We don't make a high offer and then slash it after inspection — that's not how we operate. Our initial offer factors in condition from the start.
Ready to Sell?
Getting a no-obligation cash offer takes 2 minutes. There's no cost, no commitment, and no pressure.
Fill out the form above or call us at (702) 745-2274.
We'll have an offer for your Las Vegas home within 24 hours.
Sell Your House to Us — Get a Free Offer
No obligation. No fees. Get your fair cash offer in 24 hours.
Sell Your House to Us — Get a Free OfferCall us at (702) 745-2274
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