Florida Cash Home Buyers is a cash buyer company based out of Fort Lauderdale. They make all cash offers for rundown homes, and offer quick closing timeline to help desperate sellers.
However, floridacashhomebuyers.com’s offerings aren’t as straightforward as they seem. You may have to settle for an extremely lowball offer for your property.
Let’s look at Florida Cash Home Buyers reviews and their alternatives to help you evaluate the best option for your distressed property!
Key Takeaways
- Pros: You can offload your distressed property easily with Florida Cash Home Buyers. Unlike iBuyers, they don’t have strict eligibility criteria.
- Cons: Florida Cash Home Buyers typically purchases homes for 50% to 70% of their Fair Market Value (FMV). You cannot negotiate a higher offer and may have to lose out on your equity.
- Our Take: We don’t recommend Florida Cash Home Buyers. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Florida Cash Home Buyers.
What is Florida Cash Home Buyers?
Florida Cash Home Buyers is a company offering cash for homes in the Sunshine state. They buy houses as is, repair them, and sell for a profit.
Instead of the standard 70% ARV rule, Florida Cash Home Buyers calculates an 80% ARV. This can affect your cash offer significantly.
Essentially, Florida Cash Home Buyers is a fixer-upper that invests in rundown homes in Florida.
Properties Florida Cash Home Buyers Purchases
“We Buy Houses for Cash” companies like Florida Cash Home Buyers purchase all kinds of homes at a steep discount from distressed sellers. Eligible properties include:
- Homes in bad shape with structural damages
- Rental properties with bad tenants
- Inherited houses
- Houses facing foreclosure
- Homes in high-crime neighborhoods
When compared to other cash home buyers, you may be robbed of a huge chunk of money with this “We Buy Houses for Cash Florida” companies.
To avoid such a possibility, list on MLS with a flat fee company like Houzeo. You can compare multiple offers from cash companies and iBuyers alike.
» How to List on MLS in Florida: List on Florida MLS for a flat fee and market to nationwide cash buyers.
FL Cash Home Buyers Coverage
Florida Cash Home Buyers is a local cash home buyer that buys properties as-is for cash in Fort Lauderdale, Miami, Palm Beach, Orlando, Jacksonville, and Tampa.
How Does Florida Cash Home Buyers Work?
Getting a cash offer from Florida Cash Home Buyers is straightforward:
- Enter Your Property Details: Add your property details, asking price, and the type of house on the Florida Cash Home Buyers website.
- Connect on a Phone Call: The company’s rep will contact you for an initial assessment of your situation, how fast you want to close, etc.
- Schedule a Home Inspection: Once they receive this data, this “We Buy Houses Cash Florida” company will visit your home for an onsite inspection, and make an instant offer for your house.
- Review Cash Offer: Floridacashhomebuyers.com will now wait for your decision. You are under no obligation to accept their offer if it doesn’t suit your needs.
- Close the Sale: In case you accept the cash offer, then FL Cash Home Buyers will arrange a cash transaction. You can pick a closing date of your choice and complete the sale.
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👉 Find Your Property’s Market Value: Review local housing sales data and determine the FMV of your property before requesting a cash offer from Florida Cash Home Buyers.
Florida Cash Home Buyers vs. Houzeo
Selling to Florida Cash Home Buyers seems hassle-free. But you pay for this convenience by selling your home at a reduced price.
On the other hand, an MLS listing with Houzeo’s Gold plan equips you with advanced technology to call for the highest and best offers. You can also counter offers to help you get a deal closer to your expectations.
| Florida Cash Home Buyers LLC | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.7 stars (107 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 7 to 14 days | 2 to 60 days |
| Fees/Commissions | ❌ | $399 + 3% Buyer Agent Commission |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
» Houzeo Reviews: Still not convinced? Read what others have to say about Houzeo.
✅ Florida Cash Home Buyers Pros
Cash home buyers in Florida have certain advantages over traditional home-selling processes. Let’s see how Florida Cash Home Buyers matches up to these expectations.
- Buy As Is Houses: This “We Buy Homes Fast” company purchases houses as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
- Fast Cash Offer: WBH is known for extending cash offers within 24-48 hours. So, you can get quick cash in hand if you’re in a hurry.
- Quick Closing: Florida Cash Home Buyers review say they close in as little as two weeks. They also have a flexible timeline and can close on a date suitable to you.
- No Service Fees: This cash buyer doesn’t charge any service fee when you sell your house to them. You enjoy the convenience of a quick sale while selling a house for cash in Florida.
⛔ Florida Cash Home Buyers Cons
Florida Cash Home Buyers reviews reflect the following disadvantages of the company:
- Lowball Cash Offers: Your cash offer could be just 50% to 70% of your home’s market value. The company views your home as an investment opportunity, so, the probability of getting top dollar for your property is low.
- Little to No Scope for Negotiation: With cash home buyers like Florida Cash Home Buyers Com, you don’t have room to negotiate your cash offer. If you still want to try your luck, ensure that you back your arguments with proof.
- Limited Coverage: Florida Cash Home Buyers only offers cash for Florida houses.
Best Alternatives to Florida Cash Home Buyers
Even if you want to sell your house fast for cash, look for some alternatives better than FloridaCashHomeBuyers.com. We’ve listed three below:
1. Houzeo
Houzeo is America’s most advanced real estate marketplace. If you list on the Houzeo marketplace, your listing gets exposed to all local and national cash buyers via the MLS.
This increased competition for cash offers for your house will ensure you get up to 100% of your property’s value. List on MLS with Houzeo and increase your chances of attracting multiple cash offers!
2. Opendoor
Opendoor is the largest iBuyer in America extending cash offers for homes needing minimal repairs. They generally pay 70% to 80% of your home’s FMV but deduct a 5% service fee, closing costs, and repair costs from the offer.
3. HomeVestors
HomeVestors is a cash home buyer franchise offering 50% to 70% of the home’s FMV. However, they may deduct repair costs at closing. Further, since each office is independently owned, you won’t get consistent service across the country.
Should You Sell Your House to Florida Cash Home Buyers?
No, we do not recommend floridacashhomebuyers.com to sell your home. Their lowball offers may deprive you of your hard-earned money.
But, if you don’t mind burning cash in order to sell your house fast, you can consider opting for Florida Cash Home Buyers. Know that your property gets exposure only from one firm.
In contrast, when you list on a cash buyer marketplace like Houzeo.com, your property gets exposure from nationwide cash buyers, including other local cash buyers in Florida. You may get multiple cash offers and maybe even top dollar for your property!
Frequently Asked Questions
2. Is Florida Cash Home Buyers Legitimate?
Yes, Florida Cash Home Buyers or FL Cash Home Buyers LLC is a legitimate company. They have been buying homes for cash in Fort Lauderdale and neighboring areas since 2014.
2. How much money will FL Cash Home Buyers offer for my property?
Florida Cash Home Buyers reviews highlight that the company uses the 70% rule when determining their cash offers. So, they'll only pay 70% of your home's market value. You can gain up to 100% of the market value by listing your property on a cash buyer marketplace like Houzeo.
Related:
south florida cash home buyers, Florida Cash Home Buyers reviews
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