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    Freedom Cash Home Buyers Review: How it Works, Pros & Cons, and Alternatives

    Posted by Clark Callen Posted at June 26, 2024

    Freedom Cash Home Buyers, established in 2015, is a trusted cash home-buying company in the U.S., providing a simple and hassle-free process to sell your house fast. They have purchased 400+ homes to date, paying over $60 million cash to homeowners. There are no hidden charges, closing costs, or fees – and they guarantee to close the sale on your preferred timeline.

    Whatever the property’s condition or your reason to sell, they will make an instant no-obligation offer up to 50% – 70% of your home’s Fair Market Value. The company has a combined industry experience of over 50 years, so you can expect dedicated local support when trying to sell your home. No cleaning, repair, or improvements are required – they will buy your home as-is and make a fair cash offer.

    However, before selling directly to Freedom Cash Homebuyers, you should read this comprehensive review to determine if they are trustworthy.

    Is Freedom Cash Home Buyers Legit?

    Freedom Cash Home Buyers is a BBB-accredited company with an A+ rating. They have been in the industry since 2015, claiming to buy houses at any price point and in any condition for fast cash. The company is based in Florida and is into legitimate business, helping homeowner sell their homes quickly. They also have an excellent rating and positive reviews on various review platforms like Google, Yelp, and Better Business Bureau.

    What Types of Properties Do They Buy?

    Freedom Cash Home Buyers claim to buy properties in any condition or where the homeowner is facing hardships. They will also purchase homes that are facing some kind of dispute. Here is an overview of the types of homes they buy:

    • Old and outdated houses
    • Homes that have major structural and foundational issues
    • Properties that need upgrading or downsizing before they can be resold
    • The homeowner is going through divorce settlements or bankruptcy
    • Homes that are facing foreclosure, liens, code violations, etc.
    • Homeowners struggling with bad tenants living on their property 

    Freedom Cash Home Buyers Coverage

    Freedom Cash Home Buyers typically buy homes only in Florida. However, if you want to sell a home that is located outside Florida, you can get in touch with them.

    How do they work?

    The company has a pretty straightforward process, so you can sell your home directly to them.

    Step 1: Get in touch with them

    You can call one of their local representatives at 855-793-1011 to discuss your property. Alternatively, you can fill out the online form and they will get back to you.

    Step 2: Provide your property details

    An experienced ‘Freedom Specialist’ will ask you a few questions about your home, its present condition, the value of your property, and whether you are facing any kind of hardship. The idea is to know under what condition you want to sell your home fast.

    Step 3: Offer

    They claim to use industry-leading analytics to determine the condition and Fair Market Value of your home. The cash buyer will deduct estimated repair costs from the value and make a cash offer. They say there are no deductions or hidden fees upon closing.

    Step 4: Make an agreement and close the deal

    If you agree to their cash offer, they will send you an agreement via overnight mail, fax, or email. You can take a few days to review the contract and accept it. Once you sign the agreement, you will set a preferred closing timeline. You will receive your money through money wire and bank check on the day of the title transfer.

    Freedom Cash Home Buyers Payout

    The “We buy homes for cash” company will deduct the estimated repair/renovation cost from the property’s Fair Market Value and make you a cash offer. This may range between 50% and 70% of its current value. It might seem like a lowball offer, but you can get rid of your distressed or disputed property without having to pay for its repairs, closing costs, or commissions.

    Freedom Cash Home Buyers determine the cash offer based on two factors:

    • The value of similar homes recently sold in your neighborhood after being remodeled
    • The estimated repair cost

    Freedom Cash Home Buyers Reviews

    Freedom Cash Home Buyers is a reputable cash home-buying company that has a 4.9/5-star rating on Google with 86 reviews. Customers loved how the entire selling process moved smoothly, mostly over the phone. They appreciated the team for their knowledge, professionalism, and support. Also, many customers have liked the fact that Freedom Cash Home Buyers closed the sale in just 10 days.

    The cash buyer also has a 4.78/5 rating on Better Business Bureau with an average of 18 customer reviews.

    Freedom Cash Home Buyers Pros and Cons

    Check out the benefits and limitations of selling your home to Freedom Cash Home Buyers.

    Pros

    • No matter what condition your home is in or whatever difficult situation you are facing, they will buy your home as-is – no repairs or cleaning required.
    • Get a quick cash offer over the phone within just 24 hours, so you can get fast cash during contingency needs.
    • They ensure a quick closing timeline, mostly between 7-45 days as mentioned in several reviews.
    • You have the flexibility to choose your own closing timeline when you are ready to move out.
    • There are no service fees or commissions when you sell your home to them.

    Cons

    • The cash offer of only 50% to 70% may seem lowball, considering the price you would have got if you had listed your property the traditional way.
    • You only get a single cash offer and therefore, there is little to no scope for negotiation.
    • Limited service coverage, only in Florida.

    Freedom Cash Home Buyers Competitor Analysis

    It is always a good idea to compare services and offers from different competitors before you sell directly to Freedom Cash Home Buyers. It will help you make an informed choice.

    Houzeo

    They aren’t a cash home buyer in the real sense; they are an online marketplace where you can list your home directly on the MLS in less than 48 hours. You can get offers from multiple cash buyers who are even ready to pay around 100% of your property’s Fair Market Value. But they will charge a service fee of $379 and 1% to 3% of the home’s sale price as a closing cost.

    We Buy Houses

    They are a popular cash home-buying company in the U.S., purchasing properties as-is for a fair cash offer. They will let you sell your house fast to a local home buyer for quick cash. The cash offer is similar to that of Freedom Cash Buyers; however, they have extensive coverage across 30 states.  

    Alternatives to Freedom Cash Home Buyers

    Freedom Cash Home Buyers allow you to sell your house for fast cash. However, you should also consider various other alternatives and perhaps, you may strike a better deal.

    • iBuyers: There are several iBuyers in America that allow you to sell your home online for a fair cash offer. They will typically pay 70% to 80% of your home’s market value, but charge a 5% service fee. Also, they only buy homes that need minor repairs.
    • Cash home buying marketplaces: These websites have a network of home buyers and sellers, and will let you list your home hassle-free on the MLS in just 48 hours. Since multiple cash buyers will make an offer on your property, you can negotiate better and even get 100% of your home’s FMV.
    • Real estate agent: If you are ready to shed off 3% to 6% of your commission and have enough time in hand, you can go the traditional way of selling through a real estate agent. They will handle everything on your behalf and can get you a good price for your home – better than cash home buyers. But the waiting period is high and you have to make the necessary repairs or improvements on your home before you can sell it.

    Is It Worth Selling Your Home to Freedom Cash Home Buyers?

    Freedom Cash Home Buyers is a good option if you have a distressed property that you want to sell fast or you are facing some hardship and want quick cash. Since you do not need to pay for repairs or other costs, their cash offer of 50% to 70% of your home’s market value may not seem lowball. However, if your home is in decent shape and you expect a better price, you can go with the other options discussed above.

    Frequently Asked Questions

    Q. Am I under an obligation after filling out their online form?

    As the company states, there are no risks or obligations in filling out their online form or getting a cash offer. You can decline it anytime until you accept the offer and enter into a legal agreement.

    Q. Do they buy homes that are in serious disrepair?

    Freedom Cash Home Buyers purchase homes as-in, whether they need major repairs, downsizing or upgrades.

    Q. Do they pay what they offer?

    As per customer reviews, the company pays what it initially offers – there are no deductions or hidden costs. 

    Contact

    Website

    Address: 4380 Oakes Road, Suite 807, Davie, FL 33314

    Phone: (855) 675-1924

    How can we help you?

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

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