ASAP Cash Offer Reviews: Are Their Deals Fair?

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ASAP Cash Offer is a cash buyer based in Miami. They purchase homes as-is all across the US. ASAP Cash Offer provides fast cash offer and a quick closing timeframe.

Pros

• You get a no-obligation cash offer within 24 hours.
• You do not need to incur any repair and closing costs.
• You can close in as little as 7 days to 28 days.
• You can sell your house in any condition.

Cons

• You might get 50% to 70% of your home’s fair market value.
• You might not be able to negotiate your offer with the cash buyer.
• They do not have credible reviews.
• They are not transparent about their home buying process.

ASAP Cash Offer is a nationwide cash buyer that purchases distressed properties. Whether your home is facing foreclosure, in probate, or requires extensive repairs, they can help. Furthermore, if you’re pressed for time, they can help you sell your home quickly.

However, ASAP Cash Offer gives a single non-negotiable cash offer. Moreover, like most cash buyers, the offer is between 50% – 70% of your home’s fair market value. If you’re seeking higher equity, a cash buyer marketplace can help attract multiple offers.

✍️ 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 ASAP Cash Offer Legit?

Yes, ASAP Cash Offer is a Miami-based legitimate cash buyer. Devon Wayne, a seasoned real estate investor and marketer, founded the company in 2011. He has a YouTube channel where he shares real estate advice.

As per our research, ASAP Cash Offer’s website has screenshots of Google reviews that seem inauthentic. This slightly puts the authenticity of the displayed reviews under question. Also, ASAP Cash Offer doesn’t have presence on other credible websites like BBB, Trustpilot etc.

What Types of Properties Do They Purchase?

ASAP Cash Offer purchases all kinds of homes from sellers. Some of these houses include:

• Inherited properties
• Homes with structural damages
• Rental properties with tiresome tenants
• Houses facing foreclosure

👉 Note: ASAP Cash Offer helps sellers in various situations. These include fire damage, bankruptcy, job loss, etc.

How Does ASAP Cash Offer Work?

Steps to get a cash offer from ASAP Cash Offer are as follows:

• Fill Out an Online Form: Submit your personal details and property information on the website’s homepage. This includes your preferred selling timeline, property condition, etc.
• Schedule a visit: Once they receive this data, the evaluation expert will reach out to you. They will discuss your situation and might request property photos or schedule a direct visit.
• Get a cash offer: After that, you will receive a written no-obligation cash offer within 24 hours.
• Close the deal: If you accept the cash offer, they can close your deal in 7-28 days. You can also choose your preferred closing date.

🚨 Remember: Your net proceeds with ASAP Cash Offer will be less than the sale price. This is because of various deductions like commissions and prorated property tax.

ASAP Cash Offer Locations

ASAP Cash Offer provides nationwide services. This includes the East and West coasts, the Northern and Southern US, and Hawaii.

How Much Does ASAP Cash Offer Pay?

It is standard industry practice for cash buyers to pay around 50% – 70% of your home’s FMV. ASAP Cash Offer does not disclose any information regarding pricing on their website. Based on our understanding, you can expect a similar payout with this cash buyer.

For example: If the fair market value of your property is $400,000. Your cash offer could range between:

• Lowest Offer (50%): $400,000 * 0.50 = $200,000
• Highest Offer (70%): $400,000 * 0.70 = $280,000

This cash offer is a convenient choice for those looking to quickly sell a distressed property. For sellers prioritizing higher equity, exploring alternative companies may provide a better option. 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.

👉 Note: ASAP Cash Offer doesn’t charge any fees from the seller. They pay all closing costs.

ASAP Cash Offer Customer Feedback

As mentioned before, they do not have mention on any credible websites like Google, Yelp, etc. The lack of customer reviews makes it difficult to evaluate the company’s reputation and its operation.

Pros and Cons

Here at the pros and cons of ASAP Cash Offer:

✅ ASAP Cash Offer Reviews: Pros

• Quick Closing: With ASAP Cash Offer, you can close your deal in as little as 7 to 28 days.
• Nationwide Coverage: ASAP Cash Offer has nationwide coverage. So, you can sell from anywhere across the US.
• Buys Home As Is: They purchase homes in any condition or situation. So, even if your property is facing foreclosure or needs heavy repairs, you’ll get a cash offer.
• No Fees: You don’t have to pay any fees, commissions, and closing costs to work with them.

❌ ASAP Cash Offer Reviews: Cons

• Lowball Cash Offers: When you sell to a cash buyer, you’re likely to lose 30% – 50% of your home’s equity. This is standard industry practice, so ASAP Cash Offer may do the same.
• No Scope for Negotiation: Cash buyers usually don’t negotiate their offers, so you must expect the same from them.
• No Credible Reviews: ASAP Cash Offer has no credible reviews on popular, trustworthy websites like Google or BBB.

Competitors

Here are the top 3 competitors to ASAP Cash Offer:

1. ASAP Cash Offer vs. Clever Offers

ASAP Cash Offer buys houses directly for cash. They make quick offers and can close in a short time frame. Sellers avoid repairs, agent fees, and long waiting periods. The process is simple and focused on speed.

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. ASAP Cash Offer vs. Houzeo

ASAP Cash Offer extends only one offer. Like other cash buyers, their offers range between 50% and 70% of your home’s FMV. While they offer quick closing, you pay for this by losing on your home’s equity.

Houzeo is a cash buyer marketplace. They help sellers list their property on the MLS. You get multiple cash offers instead of one from buyers who purchase houses for cash. As a result, with Houzeo’s plans, your chances of securing a good deal increase.

3. ASAP Cash Offer vs. Offerpad

ASAP Cash Offer purchases houses in any condition and has nationwide coverage. They do not charge any service fee to make an cash offer. However, you are likely to get a low ball offer.

In contrast, Offerpad is an iBuyer that offers around 70% to 80% of your home’s equity. Offerpad does not buy houses in as is condition. Also, they charge a 5% service fee, plus repair and closing costs. If your house is in decent condition, selling to an iBuyer is better.

“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%.

ASAP Cash Offer Reviews: Are They Worth It?

Yes, ASAP Cash Offer is worth it if you want to sell your property quickly. They help you sell in any situation. However, your property receives only one non-negotiable cash offer. As a result, you might not be able to secure the highest and best 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.

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