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    Florida Cash Home Buyers Review 2024: Should You Sell Your Home To Them?

    Posted by Clark Callen Posted at June 26, 2024

    Selling your home on your own or with a real estate agent can be a daunting experience. Months of waiting, repairs, cleaning, showings, and inspections! And if you are dealing with a distressed property, things can get even worse. Not to forget the 3%-6% commission that you have to pay to your realtor! Alternatively, you can sell your home to Florida Cash Home Buyers, a cash home-buying company that purchases houses as-is for quick cash.

    They have been in the business of buying homes since 2011, eliminating the uncertainties, hassles and cost of selling your home. The company will make a cash offer based on your home’s fair market value after deducting potential repair or improvement costs. They specialize in purchasing inherited homes and will also pay for probate if required. Florida Cash Home Buyers strive to close the sale quickly, starting from as little as 5 days.

    However, selling your home to a cash home buyer can be tricky and you may also come across shady companies who do not pay what they offer. This comprehensive Florida Cash Home Buyers review will help you make an informed decision.

    Is Florida Cash Home Buyers Legit?

    When selling your home to Florida Cash Home Buyers, one of the first questions that will strike your mind is – are they legit?

    Yes, Florida Cash Home Buyers is a legitimate cash home-buying company that was founded in 2011. As mentioned on their website, they have bought over 1400 houses in Florida to date. The company is accredited by the Better Business Bureau with an A+ rating. Also, they have good ratings and reviews on various platforms like Google and Trustpilot. So, you can be assured they aren’t some scam.

    What Types of Properties Do They Buy?

    Florida Cash Home Buyers purchase houses, townhouses, condos, and multi-family properties in any condition or situation. These may include:

    • Homes that need minor repairs or major improvements
    • Houses that are facing the foreclosure process
    • Inherited properties
    • Occupied or vacant rental properties that the landlord is considering divesting
    • Homes that are needed to sell fast due to relocation
    • Houses that one may need to sell as a part of a divorce settlement

    Florida Cash Home Buyers Coverage

    The company is based in Fort Lauderdale but operates across the entire state of Florida. Their service areas include some major cities like Miami, Orlando, West Palm Beach, Tampa, Fort Lauderdale, and Jacksonville.

    How to Sell Homes to Florida Cash Home Buyers?

    FL Cash Home Buyers have a pretty straightforward process of buying homes. Here are the steps that typically go into the process:

    • Get a cash offer: Fill out their simple online form by providing your property address, phone, and email. Provide all other information as required in the form. Alternatively, you can also call them to discuss your property details. Based on the information you provide; they will get back to you with a no-obligation cash offer.
    • Review the offer: Once you review their written agreement and accept it, Florida Cash Home Buyers will move forward with the closing process. As mentioned on their website, this may take around 15-30 days.
    • Close the deal: You can choose to close the sale in your home or at a reputable title company. Once all the procedures are complete, the company will pay you via a certified check or wire on the same day or the next business day.

    Florida Cash Home Buyers Payout

    If your home is in good condition, FL Cash Home Buyers may offer 10% to 15% more than the industry standard in the cash home-buying segment. Most cash home buyers in the U.S. pay around 50%-70% of the Fair Market Value for distressed properties. So, your cash offer will typically be based on the following formulae:

    Cash offer = After Repair Value (ARV) x 0.8 – Estimated Repair Costs

    So, if your home’s ARV is $450,000 and the estimated repair cost is $10,000, then you may get a cash offer of $350,000.

    Florida Cash Home Buyers Reviews

    FL Cash Home Buyers has an excellent 4.9 out of 5 rating on Google, with 165 reviews. They have also garnered a 4.7 out of 5 rating on Trustpilot. Many customers have highlighted their responsive behavior and professionalism to help sell homes fast. They have appreciated that payments were on time and the company did not falter on what they initially offered. Customers have also acknowledged their transparency in property transactions, ensuring them complete peace of mind.

    Florida Cash Home Buyers Pros and Cons

    Check out the advantages and limitations of selling your home to Florida Cash Home Buyers.

    Pros

    ✅ Sell your home as-is; does not require cleaning or repairing your home before leaving.

    ✅ Get 10% – 15% more than the market value if your home is in good shape.

    ✅ You have the flexibility to choose a suitable closing timeline depending on when you are ready to move out.

    ✅ They also provide cash advances even before the closing.

    ✅ Get access to a no-obligation cash offer with no legal binding for not accepting it.

    Cons

    ❌ The actual market value of your home may not match their cash offer if it was sold through the traditional selling process after renovations.

    ❌ They have limited service coverage as they buy homes only in Florida.

    ❌ There is limited or no room for negotiation when selling your home as-is for fast cash.

    Florida Cash Home Buyers Competitor Analysis

    Before you get in touch with FL Cash Home Buyers to sell your home, it is important that you compare a few other options that might help you get a better deal. Here are some popular competitors of Florida Cash Home Buyers.

    Sundae

    Sundae is a U.S.-based cash home buyer marketplace that allows you to compare non-obligation cash offers from multiple buyers. The platform connects you to potential investors who are ready to buy your home as-is and with zero fees included. You can choose to close the sale in as little as 10 days and up to 60 days. They provide services across Texas and California.

    Cash Homebuyers America

    Cash Homebuyers America is a national home-buying company that specializes in purchasing problem properties. They will make a non-obligation cash offer after researching the information of your property and deducting estimated repair/renovation costs from the market value. Their cash offers are similar to Florida Cash Home Buyers, but they stand out with their nationwide coverage.

    Are There Any Alternatives to Florida Cash Home Buyers?

    Exploring all other options before selling your home directly to Florida Cash Home Buyers is crucial to ensure you make an informed choice.

    • Flat-fee MLS Services: These platforms allow you to list your property on the MLS for a flat fee. This will attract more potential cash buyers and you can also save on high commissions associated with hiring estate agents.
    • iBuyers: iBuyer platforms use modern technology to offer you a straightforward and fast selling process online. However, they typically buy homes that are in good shape and also charge a service fee.

    Is it Worth Selling Your Home to Florida Cash Home Buyers?

    Florida Cash Home Buyers is a reputable company that operates legitimately in the business of buying and selling homes. If speed and convenience are in your mind, they can be a good option because you can get rid of your distressed property with zero stress. Additionally, you get fast cash and also have the flexibility to decide when to move out. Considering the hassles and costs involved with selling problem properties, their cash offer of around 50% to 70% of the home’s value is worthwhile.

    Frequently Asked Questions

    Q. How does FL Cash Home Buyers determine the cash offer for my property?

    They will evaluate the condition of your home based on factors like its location, structural or foundational issues, required repairs, and the present market value of similar homes in your neighborhood.

    Q. How long does the selling process take?

    Once you provide all necessary property details, they will make a cash offer within 24 days. If you accept the offer, it may take around 15-30 days to close the sale.

    Q. I have bad tenants living in my rental property. Will they buy it?

    Yes; they have experience buying houses in any condition and any situation. They know how to deal with tenants living in the property and will close the sale quickly keeping everyone’s best interest in mind.

    Contact

    Website

    Address: 101 NE 3rd Ave Suite 1500, Fort Lauderdale, FL 33301

    Phone: (954) 519-7040

    How can we help you?

    Answer a few quick questions to see how we can help you.

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