SimplySold is a cash home-buying company that enables you to sell your house quickly and for cash. They claim to offer the best prices for homes, multi-tenant buildings, townhouses, condos, duplexes, and commercial properties. They are a local company serving the states of Florida and Georgia, allowing you to sell your property in a fast and hassle-free way.
SimplySold will buy your home just in any condition, without you having to spend a dollar on repair & upgrades, closing costs, agent commissions, etc. As mentioned on their website, the selling process does not require any formal inspection. You can also pick any preferred closing date – whether the property is vacant or occupied does not matter.
However, just like any cash home-buying company, SimplySold’s ‘best offer’ might not match your expectations. They are likely to offer you only around 50% to 70% of your home’s Fair Market Value (FMV). The offer might sound lucrative if your property needs significant investment in repairs.
Wondering if you should choose SimplySold to sell your home fast? Check out our comprehensive review.
Buying homes as-is with zero fees, no repairs, no clean-ups – you might be wondering what’s the catch. Luckily, there isn’t any. SimplySold is a legitimate business that has been serving Florida and Georgia since 2004. It is a BBB-accredited company and has an A+ rating, which indicates they operate legitimately.
Furthermore, the company has listed their contact number and official address on their website. They also have decent reviews and ratings on credible review websites, appreciating the team for their professionalism and support team. This shows there isn’t any hush-hush situation about their lawful presence.
While there are no specifics about the type of properties that SimplySold buys, the company claims they purchase all types of homes as-is. These may include homes, multi-tenant buildings, townhouses, condos, duplexes, and commercial properties. As any other cash home buyer, they are likely to have experience buying
SimplySold provides cash home-buying services only in select states, Florida and Georgia. Their service coverage spans five cities in these two states, including Orlando, Jacksonville, Tampa Bay, Ft. Lauderdale, and Atlanta.
It is good to find that SimplySold has a fast and expedient process to help you sell your home as quickly as possible. Here are the steps you should follow:
When you trust a cash home-buying company like SimplySold to sell your home for quick cash, you may have an idea of how much they will pay you. Can SimplySold stand by your expectations? Let’s understand here.
Typically, when you sell your property, you’d expect a price equivalent to its equity. However, that isn’t always the case with a cash home buyer. SimplySold does not specify its offer price range, but we are assuming it falls between 50% to 70% of your property’s Fair Market Value.
This might sound unfair if your property is in absolutely perfect condition, but you need to sell it because you need emergency cash. However, most properties sold on cash either require major repairs or have some disputes. In such situations, getting 50%-70% of your home’s equity without shedding a penny from your pocket may be a viable option for you.
When it comes to selling your property via a cash home buyer, it is important that you read their reviews first. This will enable you to understand the legitimacy of their business, level of professionalism, payout, etc.
SimplySold has a good rating of 4.5 stars out of 5 on Google with 56 reviews. Also, they have an excellent 4.73 out of 5 rating on Better Business Bureau with an average of 11 customer reviews.
Most customers have praised the company for their professionalism, honesty, and fair pricing. They have also appreciated that SimplySold is extremely easy to work with and is quick in closing the deal. On the other hand, a few customers have complained about their spammy emails and phone calls.
You must consider the following advantages and limitations of selling your home to SimplySold.
To make an informed decision about selling your home, it is ideal to compare two or three cash home-buying companies before you decide on the right one. So, here are some top competitors of SimplySold worth comparing.
Cash Homebuyers America is a cash home-buying company that purchases problem properties. If you are struggling with difficult situations like low equity, foreclosure, or probate, they will buy your home as-is against a fair cash offer. They have a 4.9 rating on Google with 41 reviews. The company provides similar services to SimplySold and claims to close a sale within a few days.
However, they provide services across America, whereas SimplySold is limited to only two states.
HomeVestors is the largest cash home-buying franchisor in the U.S., having 800+ offices across the country. The company has a similar business model to that of SimplySold, although they have a huge closing timeline of at least three weeks. Additionally, they will deduct the cost of repairs or upgrades and offer you a deal.
4 Brothers Buy Houses is a BBB-accredited cash for home business that operates across the United States, helping homeowners sell their homes for cash.
Not sure if it is worthwhile selling your home with a cash buyer? You can consider these alternatives instead:
Selling your home to SimplySold can be a worthwhile decision if you are on a financial crunch and need to sell your property for quick cash. The biggest advantage is they will buy your home in whatever condition it is in – whether it is involved in some disputes or requires major repairs. There are also no upfront costs required to sell your home. However, you can expect only 50%-70% of your home’s equity. Nevertheless, it is a fair offer keeping in mind zero hassles and costs involved in the process.
Q. I have tenants living on my property. Would you still buy my home?
Yes. We have helped hundreds of homeowners sell their properties that have tenants who refuse to leave or other disputes. We know how to approach these situations in a way where all parties can benefit.
Q. Is there any obligation to accept your cash offer?
No; we provide obligation-free cash offers that you can accept or walk away without any explanations or legal obligations.
Q. Do you charge a commission or closing cost?
No; our process of buying a home as-is does not involve any kind of closing costs, fees, or commissions.
Address: 16207 Eastwood Cutoff Rd, #254, Eastwood, KY 40018
Phone: (502) 309-2220