If you’re facing a situation where you need to sell your house quickly and avoid the hassle of a traditional sale, companies like Tarek Buys Houses offer a tempting alternative.

Led by Tarek El Moussa, a familiar face from the HGTV show. Tarek Buys Houses specializes in buying houses in any condition for cash. They promise a fast, convenient closing process and take care of all the paperwork and closing costs. This sounds ideal, especially if you’re facing financial hardship, relocation, or simply want to avoid the traditional selling route.

However, there’s a catch – convenience often comes at a cost. This review dives deep into Tarek Buys Houses, exploring their services, reputation, and the pros and cons of selling your house to them. We’ll also compare them to competitors and discuss other options to ensure you make an informed decision about selling your property. Whether Tarek Buys Houses is the right fit for you depends on your specific needs and priorities. Let’s explore the details and help you decide if a fast cash offer outweighs the potential downsides.

Is Tarek Buys Houses Legit?

According to the Tarek Buys Houses website, the company boasts the following trust indicators:

• A 4.6 Google rating with 63 reviews
• A 5.0 star rating with 7 Yelp reviews
• Accreditation by the Better Business Bureau (BBB) with a 4.18/5 customer review rating and no complaints filed against the business

These positive ratings and BBB accreditation suggest that Tarek Buys Houses is a legitimate company with a good reputation in the industry.

What Types of Properties Does Tarek Buys Houses Buy?

Tarek Buys Houses are interested in purchasing a variety of property types in any condition . Some examples listed on their website include:

• Single-family homes
• Condominiums
• Townhouses
• Inherited property
• Water-damaged houses
• Fire-damaged houses
• Houses in need of major repairs
• Houses facing foreclosure

If you are unsure whether your property qualifies, it appears that Tarek Buys Houses encourages contacting them for a free quote .

Coverage Area

The Tarek Buys Houses website explicitly state that they serve in Orange County, Los Angeles, Riverside Conunty, San Bernardio, County, Tulsa County. However, their contact information includes a phone number and a form that can be used to request a cash offer, suggesting they may be willing to work with homeowners in a wider area.

Selling Process

The website outlines a streamlined selling process that can close quickly . Here’s a breakdown of the steps outlined on the Tarek Buys Houses website:

1. Contact Tarek Buys Houses: You can initiate contact through a form on their website or by phone.
2. Schedule a Quick Cash Offer: A representative will contact you to schedule a visit to your property to assess its condition.
3. Receive a Cash Offer: Tarek Buys Houses will present you with a cash offer after evaluating your property.
4. Close on the Sale: If you accept the offer, Tarek Buys Houses will handle the closing process, including all paperwork and closing costs.

Payout

Tarek Buys Houses emphasizes that they are a cash home buyer . This means that if you accept their offer, you will receive the full amount in cash at closing. There is no mention of any fees or deductions being taken out of the offer amount.

Reviews from Tarek Buys Houses Website

The Tarek Buys Houses website highlights positive reviews from satisfied customers who have used their service . While these reviews cannot be independently verified, they do provide some insight into the customer experience. Here are some excerpts from the reviews displayed on the Tarek Buys Houses website:

• “Tarek Buys Houses made selling my house fast and easy. They were professional and gave me a great cash offer.” 
• “I inherited a property that I needed to sell quickly. Tarek Buys Houses was able to close the deal in a few weeks and took care of everything.” 
• “I was facing foreclosure and Tarek Buys Houses was a lifesaver. They helped me avoid foreclosure and gave me a fair cash offer for my house.” 

Pros and Cons of Selling to Tarek Buys Houses

Pros

• Fast Closing: Tarek Buys Houses can close on a property quickly, sometimes in a matter of weeks . This can be beneficial for homeowners who need to sell their house fast due to financial hardship, relocation, or other time constraints.
• Cash Offer: Tarek Buys Houses offers a cash payout at closing, eliminating the uncertainty and potential delays associated with traditional mortgage financing .
• No Repairs or Upkeep Required: Tarek Buys Houses indicates they purchase houses in any condition . You don’t need to make any repairs or clean-up the property before selling.
• Experienced Home Buyer: Tarek El Moussa, the owner of the company, brings a wealth of experience in the home renovation industry .

Cons

• Below Market Value: Since Tarek Buys Houses needs to factor in renovation and resale costs, the cash offer you receive is likely to be below the market value you could get through a traditional home sale .
• Limited Negotiation Room: Cash offers from Tarek Buys Houses are typically “take it or leave it” propositions, with little room for negotiation .
• Potential for Lower Offers: The condition of your property can significantly impact the cash offer you receive.

Competitors

There are several other companies that specialize in buying houses for cash. Here are a few Competitors:

• We Buy Ugly Houses
• HomeVestors
• Offerpad
• Sell Your Home

Competitor Analysis

It’s important to compare offers from multiple cash home buyers before making a decision. Here’s a brief comparison of Tarek Buys Houses with some of its competitors:

• Experience: Tarek El Moussa’s experience in the home renovation industry might be a selling point for some homeowners who value expertise .
• Reputation: Tarek Buys Houses has positive ratings on Google, Yelp, and the Better Business Bureau, suggesting a good customer service record .
• Speed: Tarek Buys Houses emphasizes their ability to close on a property quickly . However, it’s important to compare closing timelines across different companies.
• Transparency: While Tarek Buys Houses claims to offer “fair cash offers,” it’s crucial to understand that these offers will likely be below market value . Be sure to get quotes from other cash home buyers to ensure you’re getting the best possible price.

Other Options You Should Consider

Selling your house through a traditional real estate agent can potentially bring a higher selling price. However, this route often involves:

• Listing Costs: You will be responsible for paying a commission to the listing agent and potentially the buyer’s agent as well.
• Repairs and Upkeep: Your house will likely need to be in good condition to attract buyers, which may necessitate repairs and cosmetic improvements.
• Showings: You’ll need to prepare your house for showings, which can be disruptive and time-consuming.
• Market Fluctuations: The traditional selling process can take longer, leaving you vulnerable to market fluctuations that could impact your final selling price.

Reviews: Should You Sell To Them?

The decision of whether to sell your house to Tarek Buys Houses depends on your individual circumstances and priorities. Here are some factors to consider:

• Do you need to sell your house quickly? If you need to sell your house fast due to financial hardship, relocation, or other time constraints, Tarek Buys Houses’ fast closing process can be a significant advantage.
• Is the condition of your house poor? If your house requires significant repairs or renovations, selling to Tarek Buys Houses can save you the time and money of making those repairs.
• Are you comfortable with a below-market offer? Since Tarek Buys Houses factors in renovation costs, the cash offer you receive will likely be lower than what you could get on the open market.

Here’s when Tarek Buys Houses might be a good option:

• You need to sell your house quickly and avoid the hassle of a traditional sale.
• Your house is in poor condition and requires significant repairs.
• You are facing foreclosure and need a fast cash solution.

Here’s when you might want to consider exploring other options:

• You are not under any time pressure to sell and want to maximize your profit.
• Your house is in good condition and requires minimal repairs.
• You are open to the traditional selling process and don’t mind waiting for a buyer.

Conclusion

Tarek Buys Houses offers a convenient and fast way to sell your house for cash. However, the convenience comes at a cost, as you will likely receive a below-market offer. Before deciding to sell to Tarek Buys Houses, be sure to research other cash home buyers and explore the traditional selling process through a real estate agent to ensure you are getting the best possible deal for your property.

FAQs

Q. How does Tarek Buys Houses determine my offer amount?

Tarek Buys Houses considers several factors when making a cash offer, including:

• Market Value: They will research comparable properties in your area to get a sense of fair market value.
• Condition of Your Property: The extent of repairs needed will significantly impact the offer. Significant damage will lead to a lower offer.
• Location: The location of your property plays a role in determining its value.

Q. Can I negotiate the offer from Tarek Buys Houses?

Tarek Buys Houses offers are typically presented on a “take it or leave it” basis. There may be limited room for negotiation.

Q. Are there any fees involved in selling to Tarek Buys Houses?

Tarek Buys Houses states they cover all closing costs associated with the sale. There is no mention of any fees being deducted from the offer amount.

How long does it take to close on a house with Tarek Buys Houses?

Tarek Buys Houses emphasizes their ability to close quickly, sometimes in as few as seven days.

Contact

Website: tarekbuyshouses.com

Phone: (888) 356-3547

Address: 4411 E La Palma Ave Anaheim, CA 92807