Florida Cash Home Buyers Reviews: Are Their Offers Fair?

Florida Cash Home Buyers is a local cash buyer company. They make fast cash offers on homes based on the After Repair Value and then resell them for a profit. Moreover, since they buy properties as-is, you can save a lot on repair costs, and that too at zero commission.

However, their promise of no added costs might come with a considerable trade-off. Like most cash buyers, Florida Cash Home Buyers typically makes offers that are 50% to 70% of your home’s worth.

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

Is Florida Cash Home Buyers Legit?

Yes, Florida Cash Home Buyers is a legitimate company. They were founded by Omer Reiner and Gabriel Garcia in 2011. Based on their website, they have closed over hundreds of deals since then.

Florida Cash Home Buyers Reviews

We compiled ratings and reviews on Florida Cash Home Buyers across platforms such as Google, Trustpilot, Yelp, and Better Business Bureau. The company has an average 4-star rating based on a total of 318 reviews.

229 reviews are from Google, where Florida Cash Home Buyers has a 4.8-star rating. On Trustpilot, they have 4.5 stars from 68 reviews. On Yelp, they have a 2.8-star rating based on 6 reviews. Plus, they are an A+ accredited BBB company with 4.2 stars from 15 reviews.

We analyzed sellers’ experience with Florida Cash Home Buyers and noticed a common positive theme of a fast and easy selling process. Compared to the praises, they have very few complaints. However, most of them mentioned:

1. Lowball cash offers
2. Inconsistent customer service
3. Reduced initial cash offer

Positive Florida Cash Home Buyers Reviews

✅ Kristian Rovira needed their property to sell quickly amid a complicated situation. Florida Cash Home Buyers took care of the entire process and helped them with a fast home sale.

✅ Brendan C. described their experience with Florida Cash Home Buyers as great. Even with a local slow market, the company got the property out of the seller’s hands. Additionally, their representative was helpful and responsive.

✅ Jumi Jumalon was all praises for the Florida Cash Home Buyers agent that they worked with. The agent guided them throughout the process and was highly committed. As a result, the seller had a smooth selling process.

Florida Cash Home Buyers Complaints

❌ Gabriel Reed alleged that Florida Cash Home Buyers was a shady company. The seller, who is an investor themselves with 25 years of experience, asked others to stay away from the company. They recommended seeking alternatives with better ethics.

❌ Rafa R. stated that Florida Cash Home Buyers offered them a negligible amount of money in exchange for their home. The homeowner advised other sellers not to consider selling with the company unless they were desperate.

❌ Donna Walker first received an offer from Florida Cash Home Buyer that was $2000 more than what they had asked for. However, the agent later told the seller that the offer was reduced by $30,000 and would take nearly 90 days to close.

Pros and Cons

Here are the pros and cons of selling to Florida Cash Home Buyers:

✅ Pros

• Purchase As-Is: Since Florida Cash Home Buyers purchases your house as is, you can skip the hassle of repairs. For instance, with the company’s help, Randy Waltz‘s veteran family member was able to sell their deteriorating home, which also had a $150K lien.
• Quick Closings: Florida Cash Home Buyers promises fast cash offers and quick closings in as little as 5 days.
• Zero Commissions: You sell directly to Florida Cash Home Buyers. As a result, you don’t need to pay the hefty 3% Realtor commission.
• Location Expertise: They have bought 800+ houses in Florida. So, their guidance will help you sell conveniently in your local market. For example, their agents Daniel and Paola helped Gretchen Scholze from the start until they closed the deal.

❌ Cons

• Lowball Offers: You might get a discounted offer, generally 50% to 70% of your home’s worth. Sellers like Rain called out Florida Cash Home Buyers for their lowball offers.
• Limited Coverage: Florida Cash Home Buyers covers only Florida markets.
• Reduced Initial Offers: Many seller complaints stated that the company initially made a fair offer, but then later deducted the price.
• Miscommunication from agents: Your selling process might get confusing and stressful if you are paired with an agent who isn’t easy to work with. Sellers like Spencer Blank had a very frustrating selling process due to unprofessional agents.

What Types of Properties Does Florida Cash Home Buyers Buy?

Florida Cash Home Buyers purchases all types of properties, such as:

• Inherited properties
• Homes with structural damages
• Rental properties with tiresome tenants
• Homes at risk of foreclosure
• Homes facing liens and title issues

Florida Cash Home Buyers Coverage

Florida Cash Home Buyers is a local company. They provide cash offers in Miami, Tampa, West Palm Beach, Orlando, Fort Lauderdale, Jacksonville, and other Florida markets.

However, if you are not from the Sunshine State, you will have to explore Florida Cash Home Buyers alternatives.

How Does Florida Cash Home Buyers Work?

You need to follow these four steps to sell your home to Florida Cash Home Buyers:

• Contact Them: Enter your email, property address, and phone number in the website form. You can also call them at the number mentioned on their website.
• Receive an Offer: Once you submit the information, the buying manager will connect with you. They will make a cash offer after thoroughly analyzing the market.
• Review the Offer: If you like the presented cash offer, sign the agreement that the company sent.
• Schedule an Inspection: If needed, they will inspect your home and conduct title searches to verify repair costs and review the title.
• Select Your Closing Date: Choose your desired closing date with the buying coordinator. Furthermore, receive your funds within a few days after the closing.

Florida Cash Home Buyers Payout

You get an offer based on your home’s ARV and current condition. They also factor in repairs needed, selling costs, and a 10% profit margin. So, the value of the cash offer might be:

Cash Offer Amount = ARV – 10% selling costs – 10% profit – repair costs (if any)

If your home’s After Repair Value is $300,000, then you might get an offer of around $200,000. Here’s how:

$200,000 = $300,000 – $30,000 (10% selling costs) – $30,000 (10% profit margin) – $40,000 (assumed repair costs)

However, to possibly get 100% of your home’s value, consider selling with a cash buyer marketplace. They help you connect with nationwide cash buyers and potentially attract multiple offers. This way, you can evaluate and choose the best option.

✍️ Important: Florida Cash Home Buyers’ website mentions that if their experts feel that selling your home on the open market will be more profitbale then they will advise you that.

Competitor Analysis

Florida Cash Home Buyers has three main competitors: Clever Offers, Houzeo, and We Buy Houses. We have selected them based on the metrics of profit, seller convenience, and coverage. Here’s how they compare to Florida Cash Home Buyers.

1. Profit: Florida Cash Home Buyers vs. Clever Offers

With Florida Cash Home Buyers, you will have a simple selling process. However, the speed comes with a trade-off. You may need to leave a substantial amount of money on the table, as their offers often fall below market value.

In contrast, Clever Offers is a competitive cash buyer marketplace. Once listed, you may be able to attract multiple offers from different buyers. This allows you to compare the different offers and choose one that you think is best among them.

2. Seller Convenience: Florida Cash Home Buyers vs. Houzeo

Florida Cash Home Buyers’ selling process is largely manual. For managing documents, transactions, offers, etc., you will have to depend on their local office and representative.

Houzeo, on the other hand, equips you with advanced real estate tools to make the selling process easy and automatic. The Houzeo mobile app guides you through a 100% online process with listing, documentation, closing, and more.

3. Coverage: Florida Cash Home Buyers vs. We Buy Houses

Florida Cash Home Buyers’ services extend to major markets in Florida. However, you might have to seek other options if you live elsewhere.

However, We Buy Houses provides services in over 30 states, including DC. Even if the company doesn’t have an office in a particular area, they can connect you with a local real estate professional.

Companies That Buy Houses For Cash Near Me 🔎

There are other companies that buy your house for cash in the market. You can request an offer from multiple quick house sale companies and pick the one that suits you the best.

Other Options You Should Consider

• Sell with a Flat Fee MLS Service: Flat Fee MLS companies list your home on the MLS for an upfront fee. This way, you can avoid paying hefty agent commissions and still ensure that your property gets exposure.
• Sell FSBO: For Sale By Owner websites help you list and sell a house yourself. This allows you to save thousands in agent commissions. Additionally, you also get to control the process as a seller.
• Sell through a Realtor: Traditional Realtors list your property on the MLS and help you at every step of the process. 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 1% and 2.5%. However, due to the discounted fee, they don’t provide full-service assistance.

Florida Cash Home Buyers Reviews: Should You Sell To Them?

Yes, you can consider Florida Cash Home Buyers if you value speed over profit. They might help you with a fast and hassle-free selling process. However, you can expect to receive an offer that might be below your home’s value.

We recommend selling your home with a cash buyer marketplace. They help you to connect with several cash buyers and browse through multiple cash offers. This empowers you to possibly choose the highest price and sell your house fast for cash.

Frequently Asked Questions