Selling your home can be a daunting experience. There is so much that goes into putting your property on sale and closing the deal at a fair price! However, if you want to sell your home for fast cash minus the hassles of property listings, showings, or repairs, then IRBY Buys can be a good choice. They are a cash home-buying company that removes the stress of selling your home and purchases the property as-is for cash.
They have a flexible closing timeline that allows you to choose any preferred date to move out. Additionally, they make a no-obligation cash offer based on the average value of your home, repairs, disputes, etc. However, you cannot expect 100% of your home’s Fair Market Value (FMV) when you sell through IRBY Buys. Like other cash home buyers, they will only provide up to 50% to 70% of your property’s equity.
Does IRBY Buys operate legitimately or they are a scam? Do they inflate the initial cash offer and then pay a lower amount at the time of closing? These are some of the questions that might come to your mind when considering selling your home through a cash buyer like IRBY Buys.
IRBY Buys is an initiative of IRBY Group, an Alabama-based real estate investment company, owned and managed by Jared Irby. The company is not accredited by the Better Business Bureau (BBB), but customer reviews on Google indicate that their business is legitimate – nothing sort of a scam. Additionally, Jared has a good reputation in the real estate industry and will not be involved in any kind of con business.
IRBY Buys purchases homes in as-is condition for a fair cash offer. They are a good option for homeowners who want to sell their properties hassle-free for the following reasons:
Convenience and cash are the two reasons why many homeowners choose IRBY Buys to sell their properties.
IRBY Buys has limited coverage, buying distressed homes in the states of Florida, Mississippi, and Alabama.
IRBY Buys wants to keep the process of buying homes straightforward and worry-free. Here’s how it works:
IRBY Buys does not specify any cash offer they make because it may vary from case to case basis. However, as a standard industry practice, they follow the 50%-70% rule when making offers to homebuyers. This means they will pay you on average 70% of your home’s After Repair Value, i.e., after deducting the repair costs.
So, the maximum cash offer you may expect = ARV x 0.7 – Estimated Repair Costs. For example, your home is worth $4,00,000 and needs $30,000 in repairs. IRBY Buys may make you a cash offer of up to $2,50,000. The cash offer is typically based on various factors such as:
IRBY Buys has a poor rating of 1.6 out of 5 stars on Google with seven reviews. They also have a rating of 1 out of 5 on Yelp. There aren’t enough reviews on these platforms that can help determine their reliability, honesty, and professionalism. Few customers have complained that they engage in unethical practices and will not buy the property even dishonoring legally-abiding signed contracts.
However, there are other customers who have appreciated that the team is prompt, professional, and polite. The customers also mentioned that they have received the cash within just one day.
If you do not want to face the hassles of selling your home in the traditional way, then IRBY Buys can be a good option for zero stress and fast cash. Check out the advantages and limitations of selling your property to them.
If you want to explore more cash home buying options other than IRBY Buys, discussed here are some of its top competitors.
Opendoor is one of the largest Internet-based home-buying platforms that make buying and selling hassle-free and expedient on a mobile device. They will make an instant cash offer on your home, make necessary repairs on the property, and relist it on their website for sale. They have a payout of 70% to 80% of your property’s fair market value but will charge a 5% service fee and repair cost from the offer.
HomeGo is one of the leading cash home buyers in the U.S., providing services across 23 states. The payout is similar to that of IRBY Buys, but HomeGo has a 4.6 Google rating. It is also BBB-accredited. They have a very transparent process of determining their cash offer and takes less than 7 days to close a deal.
Houzeo is a For Sale By Owner (FSBO) website where you can list your property directly on the MLS in less than 48 hours. One-third of the buyers on this platform will buy your home for cash and you can expect up to 100% of your property’s FMV because there are multiple cash home buyers making offers on your home.
If you are skeptical about selling your home to a cash home buyer like IRBY Buys, then you can consider other alternatives as discussed herewith:
IRBY Buys is an option worth considering only if you are dealing with distressed properties or homes that require major repairs. After all, there are zero hassles involved and you get fast cash that you can use for contingency needs. They will deduct the repair cost from the average market value of your property and make you a no-obligation cash offer. However, if your home is in fairly good condition, you may consider selling it through an iBuyer, cash home buyer marketplace, or a realtor.
Yes, they are in legitimate business and have been purchasing properties in Florida, Mississippi, and Alabama since 2015.
You have the flexibility to choose the closing timeline as suitable to you. They will directly pay the amount to your account on the closing date. If you want to stay at your home even after closing, you are allowed to do so.
IRBY Buys operates legitimately and they will pay you the amount as mentioned in the cash offer.
Address: 751 Dauphin St, Mobile, AL 36602
Phone: (866) 261-6320