It can be a great idea, but it depends on what your objectives are. This is easy to see when you look at the business model of these companies. These companies will buy houses as-is and buy them fast. As can be seen on this website, some companies in this market can close a deal in as little as seven days.
Once they buy the house, they’ll fix any issues the house has, and then sell them back. Or they’ll sell the house to real estate investors, who then fix the house, and sell them again. And in most cases, in order for this process to be financially viable, home buying companies need to pay below market value for the property they are buying.
This means that if your goal is to sell a house fast Southern California with as little hassle as possible, a home buying company is a great choice. It’s a win-win situation, after all. If hassle-free speed isn’t your main priority, however, you’ll need to compare the offer you get from a home buying company to other home sale options before making a decision.