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    HomeVestors Reviews – Fair Offers or Not?

    Posted by cfh-admin Posted at September 24, 2024
    4 mins read. September 24, 2024

    We’re real estate investors who buy houses with cash, as-is. We don’t make you repair defects, and we don’t have to get financing. We just put cash on the table and pay you for your house. So when do we need to close?

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    Pros
    • Speed: Fast and convenient way to sell a house.
    • Sell as Is: No need for repairs or cleaning.
    • Cash Payment: Cash payment upfront.
    • No Commission: No agent commissions or closing costs.
    Cons
    • Lower Offer: Significantly lower offer compared to market value.
    • Less Room For Negotiation: Limited negotiation room.
    • Varied Service: Potential for inconsistent service based on franchise.
    • Negative Ratings: Negative BBB rating and numerous complaints.

    Is HomeVestors Legit?

    HomeVestors is a legitimate company operating on a franchise model. This means while the company itself is established, the quality of service can vary from location to location. They’ve been in the business for over two decades, buying houses directly from homeowners for cash. While this offers a quick and often hassle-free solution, it’s essential to approach them with a critical eye.

    What Types of Properties Do They Buy?

    HomeVestors primarily targets properties that might pose challenges in the traditional real estate market. These typically include:

    • Inherited properties: Dealing with the complexities of inheriting a house can be overwhelming. HomeVestors offers a swift exit strategy.
    • Properties in need of repairs: Extensive renovations can be costly and time-consuming. HomeVestors buys houses “as-is.”
    • Vacant properties: Unoccupied homes can attract vandalism, squatters, and accumulate unpaid property taxes. HomeVestors provides a quick solution.
    • Pre-foreclosure or foreclosure properties: Facing foreclosure is a stressful situation. HomeVestors can offer a way out before the bank takes possession.

    Coverage Area

    HomeVestors boasts a wide reach, operating in all 50 states. This extensive coverage ensures that homeowners nationwide have the option to sell their property quickly for cash.

    Selling Process

    The selling process with HomeVestors is designed for speed and convenience. Here’s a general overview:

    1. Initial Contact: You can reach out to HomeVestors through their website or by phone.
    2. Property Evaluation: A local HomeVestors representative will visit your property to assess its condition and potential value.
    3. Cash Offer: Based on the evaluation, you’ll receive a cash offer.
    4. Closing: If you accept the offer, HomeVestors handles the closing process, which can often be completed within weeks.

    Payout

    HomeVestors pays in cash, eliminating the waiting period often associated with traditional home sales. However, it’s crucial to understand that their offers will typically be below market value. This is because they factor in the costs of potential repairs, holding the property, and reselling it.

    Reviews

    While HomeVestors holds a BBB accreditation, their rating is a concerning 1.5 stars, with a substantial number of customer complaints. It’s essential to remember that these complaints might represent isolated incidents or issues specific to certain franchises. However, the volume of negative feedback warrants caution.

    Pros and Cons

    Pros:

    • Fast and convenient way to sell a house
    • No need for repairs or cleaning
    • Cash payment upfront
    • No agent commissions or closing costs

    Cons:

    • Significantly lower offer compared to market value
    • Limited negotiation room
    • Potential for inconsistent service based on franchise
    • Negative BBB rating and numerous complaints

    Competitors

    HomeVestors faces competition from several other cash-for-houses companies, including:

    Competitor Analysis

    When considering selling your house for cash, comparing offers from multiple companies is crucial. Key factors to consider include:

    • Offer amount: Compare cash offers from different companies to find the best deal.
    • Closing speed: Determine how quickly each company can close the sale.
    • Reputation: Research online reviews and BBB ratings.
    • Fees: Some companies might charge additional fees beyond closing costs.

    Other Options You Should Consider

    Before committing to a cash-for-houses deal, exploring alternative options is advisable:

    • Traditional sale: While it might take longer, selling through a real estate agent could potentially yield a higher sale price.
    • FSBO (For Sale By Owner): If you’re confident in your negotiation skills and marketing abilities, selling your house yourself can save on agent commissions.
    • Home improvement loans: Investing in repairs to increase your home’s value might lead to a better sale price in the traditional market.

    Cash for Home Companies Near You

    RegionCash Home Buyers
    Nationwide or Near NationwideSwift Homes | We Buy Houses | Highest Cash Offer | Connect Home Buyers | Express Homebuyers | House Buyer Network | HomeVestors | ASAP Cash Offer | House Cashin | Fast Home Offer | 1-800-Cash Offer | Sell Fast
    SouthIRBY Buyers | 365 Property Buyers | Sarasota Home Buyers Florida Cash Home Buyers | Freedom Cash Home Buyers | Sell to Bobby | House Heroes LLC | Traction Home Offer | Investment Capital Home Buyers | Cash Offer Kentucky | Geaux Home Buyers | Keen Home Buyers | NC Cash Home Buyers | Charleston House Buyers | New Horizon Home Buyers | PPS House Buyers | Texas All Cash Home Buyers | Cava Buys | Advantage Homebuyers of America | SimplySold | HomeGo | Mark Spain Real Estate | 4 Brothers Buy Houses | MarketPro HomeBuyers | W Properties | HouseMax
    WestTarek Buys Houses | PropetyMax | House Buyers of America | The Buy Guys | Sundae Real Estate | Andrew the Home Buyer | SoCal Home Buyers | Doug Hopkins Real Estate | Sell Quick California | Seller’s Advantage | Gordon Buys Homes | John Medina Buys Houses | John Buys Bay Area Houses | Osborne Homes | Brothers Buy Homes | The Buy-Out Company | Oahu Home Buyers | Expert Home Offers | Boise House Buyers | KHD Real Estate We Buy Any Vegas House | Enlight Homebuyers | The Easy Home Buyer | I Will Buy House | Beachworks LLC | Direct Buyers |
    NortheastMaryland Cash House Buyers | ibuy585 | Integrity First Home Buyers | New England Home Buyers | Sell Fast Boston | Sell Now Homebuyers | Halo Home Buyers | Morgan Home Solutions | Snappy House Buyers | IPSCash | First Choice Home Buyers | IBuyLI | Handsome Homebuyer | Sell to Jim
    MidwestBen Buys Indy Houses | Grandview Homes | Heartland Buys Houses | Christopher Ellyn Homes | Des Moines Home Buyers | Jay Buys Detroit | Detroit Cash for Homes | IBuySD | Professional Home Buyers | Detroit Fair Offer | Minnesota Home Guys | Chris Buys Homes | Upward Home Solutions | Ohio Cash Buyers | All Ohio Home Buyers | Omaha Homes for Cash | Metro Milwaukee Home Buyer | Cream City Home Buyers

    Reviews: Should You Sell To Them?

    Deciding whether to sell your house to HomeVestors requires careful consideration. While they offer a quick and hassle-free solution, the significantly lower offer compared to market value is a substantial drawback. The company’s BBB rating and numerous complaints further raise concerns about the potential customer experience.

    It’s recommended to explore all available options, get multiple cash offers, and carefully weigh the pros and cons before making a decision.

    FAQs

    FAQ 1: How quickly can HomeVestors close on a house? HomeVestors aims to close on a house within a few weeks, but the exact timeline can vary based on factors like property condition and local market conditions.

    FAQ 2: Does HomeVestors cover closing costs? Yes, HomeVestors typically covers closing costs as part of their offer.

    FAQ 3: Can I negotiate the offer price with HomeVestors? While negotiation is possible, it’s generally limited with cash-for-houses companies like HomeVestors. Their offers are often based on quick calculations and the potential costs involved in fixing up the property.

    Ultimately, the decision to sell your house to HomeVestors should be based on your specific circumstances and priorities. Carefully evaluating your options and understanding the potential drawbacks is essential to making an informed choice.

    Contact

    Website: https://www.homevestors.com/

    Phone: 866-949-2967 

    Address: 6500 Greenville Avenue #400, Dallas, TX 75206

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