Cava Buys Reviews: Do They Provide the Best Cash Offer?

3.8

Editor's Rating

2

User Rating (4 Reviews)

Write a review

Cava Buys is a local cash home buyer. They help sellers offload distressed properties quickly. Cava Buys doesn’t have strict eligibility criteria as they purchase homes as-is.

Pros

• You receive a no-obligation cash offer within 24 to 48 hours.
• You don't have to pay any service fees or closing costs to sell your home.
• They can close your deal in as little as 7 to 10 days.
• They purchase all types of properties in any condition.

Cons

• You get just 50% to 70% of your property's value.
• There is no scope to negotiate your offer.
• They offer services only in one state.

Cava Buys is a cash for homes company based in Richmond, Virginia. They help you sell your house as-is, regardless of condition or circumstances. Furthermore, you can achieve a fast sale with their quick closing timeline of 7-10 days.

However, this hassle-free approach comes with a trade-off. You may not receive the best value for your home. That’s because cash buyers usually offer between 50% to 70% of your home’s fair market value. You can expect a similar offer range with Cava Buys.

✍️ Editor’s Take: We recommend you opt for cash buyer marketplaces. They connect you with nationwide investors and buyers, increasing your chances of getting multiple cash offers. This way, you can choose the best offer and close the deal faster.

Is Cava Buys Legit?

Yes, Cava Buys is a legitimate company. They are one of the subsidiaries under Cava Companies. Frank Cava, a real estate entrepreneur is the owner of the company.

Cava Companies was established in 2007. They have 100+ years of collective experience in Virginia real estate. Moreover, they are BBB-accredited with an A+ rating. However, Cava Buys does not have any mention on BBB.

Coverage

The company offers services in Richmond, Virginia Beach, Norfolk, Chesterfield, Chesapeake, Charlottesville, and nearby areas in Virginia.

Properties Cava Buys Purchases

Cava Buys purchases all kinds of homes. Some of these include:

• Inherited properties
• Houses facing foreclosure
• Single family homes
• Homes with structural damages
• Rentals with tiresome tenants
• Probate houses
• Downsized properties

How Do They Work?

Steps to get a cash offer from Cava Buys are as follows:

1. Submit Your Property Details: Complete the online form on cavabuys.com with your name, contact details, and property address.
2. Schedule Home Inspection: After receiving your information, Cava Buys team will reach out to you. They will discuss your situation and inspect your home for any repairs.
3. Get a Cash Offer: After inspection, they will extend a firm cash offer within 24-48 hours. However, you’re under no obligation to accept their offer if it doesn’t suit your needs.
4. Close the Sale: If you accept the cash offer, they will help you sell your house quickly. You can close within 7-10 days or pick a closing date of your choice.

How Much Do They Pay?

Cava Buys evaluates its cash offer by considering your home’s value and current market conditions. However, they don’t specify the exact amount they pay. It differs on a case-by-case basis.

Generally, companies such as Cava Buys typically make offers between 50% to 70% of your home’s equity. For example: If the fair market value of your property is $300,000, your cash offer could range between:

• Lowest Offer (50%): $300,000 * 0.50 = $150,000
• Highest Offer (70%): $300,000 * 0.70 = $210,000

This cash offer is an apt choice if you want to offload your property quickly. However, if you want a higher return, you can explore alternative companies. Before making decisions, it’s important to know your home’s current market value.

» What’s My Home’s Value: You can know your home’s market value with Houzeo’s free Home Worth Estimator. It helps you estimate the amount you will get upon sale.

Cava Buys Reviews

Cava Buys has a 3.8 out of 5-star rating on Google based on 27 reviews. As mentioned earlier, they are not listed on BBB. They do have a presence on Yelp but have no reviews.

Several customer reviews highlight their professionalism and have lauded Cava Buys staff. However, their complaints highlight their below market value cash offers.

Cava Buys Reviews: Praises

✅ Glenda praised Cava Buys agent’s professionalism, knowledge, and persistence during the process. They were happy with the offer they received and recommend Cava Buys to others.

✅ Felipe was satisfied with the easy, quick, and hassle-free process. They were pleased that Cava Buys was able to close the deal in under a month. Moreover, Felipe valued their weekend availability and highly recommends them.

Cava Buys Reviews: Complaints

❌ Gwendolyn was disappointed by the lowball offer and delayed cash payment. They felt betrayed upon learning Cava Buys sells the house to a third party.

❌ Joe was frustrated with the agent’s late arrival twice and their shockingly low offer. They described Cava Buys as a waste of time, saying the company failed to meet their expectations. Joe also felt the company was trying to take advantage of sellers.

Pros and Cons

Here are the pros and cons of Cava Buys:

✅ Pros

• Buy As-Is Houses: Cava Buys purchases homes as-is. So, even if your property is facing foreclosure or needs heavy repairs, you will get an offer.
• Fast Cash Offer: They are known for extending cash offers within 24 to 48 hours. So, you can get cash in hand if you’re in a hurry.
• Quick Closing: Cava Buys promises to close the deal in as little as 7 to 10 days. They also have a flexible timeline and can close on a date suitable to you.
• No Service Fees: They do not charge any service fee. You can enjoy a quick sale through Cava Buys without any additional costs.

❌ Cons

• Lowball Cash Offers: Like most cash buyers, your offer could be just 50% to 70% of your home’s FMV.
• No Scope for Negotiation: With cash home buyers, you don’t usually have room to negotiate your cash offer. So, expect the same with them.
• Limited Coverage: Cava Buys offers services only in Virginia. Sellers residing in other states would need to look for other cash home buyers.

Cava Buys Competitors

Here are the top 3 competitors to Cava Buys:

1. Cava Buys vs. Clever Offers

Cava Buys purchases homes directly for cash. They give fast offers and can close quickly. Sellers do not need to spend on repairs or agent fees. The process is straightforward and designed for convenience.

Clever Offers connects sellers with multiple cash buyers, allowing comparison of offers. They typically generate 3 to 5 competitive offers per listing. Sellers can choose the best offer and close on their preferred timeline.

2. Cava Buys vs. Houzeo

Cava Buys offers a swift cash offer and ensures a stress-free selling experience. Nonetheless, the offer you receive may not reflect your home’s equity accurately.

Instead, list your property on a cash buyer marketplace like Houzeo. With Houzeo’s plan, your property gets exposure to multiple cash buyers. Additionally, their tech-centric platform allows you to manage cash offer for home efficiently.

3. Cava Buys vs. HomeVestors

Cava Buys also has a similar business model to HomeVestors. With both the companies, you can expect a cash offer around 50% to 70% of your home’s value. However, they both vary on two conditions i.e. coverage and closing timeline.

Cava Buys is available only in one state and promises to close in as little as 7 days. Whereas, HomeVestors have near-nationwide coverage and closes the deal in up to 3 weeks.

“We Buy Houses for Cash” Companies Near Me

There are other “We Buy Houses As Is” companies in the market. You can request an offer from multiple cash companies and pick the one that suits you the best.

Other Options You Should Consider

• Sell For Sale By Owner: For Sale By Owner websites help you list and sell a house yourself, saving thousands in agent commissions. Around one-third of home buyers pay in cash. Hence, selling FSBO helps you to get 100% FMV of your house in cash.
• Sell Through a Realtor: Traditional Realtors list your property on the MLS and help you at every step of home selling. However, you have to pay them 3% of the home’s sale price for this convenience.
• Sell Through Discount Realtors: Discount real estate brokers reduce their commissions to offer affordable services. Their commission varies between 0.5% and 2%.

Cava Buys Reviews: Is Selling to Them Worth It?

Yes, Cava Buys is a good option for home sellers who are in need of urgent cash. However, it’s important to note that they typically offer 50% to 70% of your home’s equity. Additionally, their services are limited to Virginia and you get only one non-negotiable cash offer.

For a better deal, consider selling your home with a cash buyer marketplace. This gives your property wide exposure and lets you compare offers from multiple cash buyers. So increase your chances of getting a competitive price closer to your home’s actual market value.

Write a Review

Please select a stars

Enter Name

Enter Email

Write a review for Cava Buys

Verify & Submit

Verify Your Email to Submit Review

Verify Your Email

We have sent a verification code to your email. Please enter the code below to verify your identity and submit your review.

Enter 6-digit code sent to

Resend Code OTP has been resent to your Mail ID

Continue

Thank You!

Your review has been submitted.

It will be published within 24 hours.

Okay