Florida Cash Home Buyers Reviews: Real Estate Updates (2024)

Florida Cash Home Buyers is a local company based out of Fort Lauderdale, Florida. They make cash offers on all types of homes including distressed ones. This way you can save an average of $14,163 on home improvements before selling.

Fred’s economic report makes it clear that you sell 5-6 times faster with any cash buyer. Florida Cash Home Buyers lets you close within 5 days. This makes them one of the fastest home buyers in the Florida region.

However, they could offer you a standard cash buyer price based on your home’s ARV. Furthermore, you could get just 10% – 15% more than this standard price if your home is in decent condition.

If you’re looking for the best deals, we suggest you consider a cash buyer marketplace. You get multiple cash offers on a marketplace. As a result, your chance of securing the highest possible deal increases.

✍️ Editor’s Take: Sell your home using a marketplace like Houzeo. Houzeo will get you on the MLS which attracts multiple cash buyers and investors. Houzeo’s tech-centric platform helps you manage your listing and get the best price. Compare FL Cash Home Buyers vs. Houzeo.

Is Florida Cash Home Buyers Legit?

Yes, Florida Cash Home Buyers is a legitimate house flipper. They were founded by Omer Reiner and Gabriel Garcia in 2014. Based on their website, they have purchased over 800 homes in Florida.

Furthermore, they have several positive customer reviews on credible websites. After analyzing these, we found that people love their fast closing process. Whereas, some criticized them for their lowball cash offers.

👉 Did You Know? Florida Cash Home Buyers donates 1% of their gross profit to charity. Their goal is to donate $500,000 by 2030.

What Types of Properties Do They Buy?

Florida Cash Home Buyers purchase all types of properties like:

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

⏰ Sell Fast! Florida Cash Buyers purchases homes with their own cash. They do not rely on lenders or investors as it could delay the closing process.

Coverage

Florida Cash Home Buyers is a local company. They buy properties as-is for cash in Fort Lauderdale, Miami, Palm Beach, Orlando, Jacksonville, and Tampa. As they have been buying houses in Florida since 2014, they are considered local experts.

Selling Process

You need to follow these 4 steps to sell your home to FL Cash Home Buyers:

• Contact Them: Enter your email, property address, and phone number in the website form. You can also call them on the number mentioned on their website.
• Talk To an Expert: Once you submit the information, the buying manager will connect with you either online or in person. He will make a cash offer after thoroughly analyzing the market.
• Review the Offer: If you like the presented cash offer, sign the 2-page agreement sent by the company.
• Select Your Closing Date: Choose your desired closing date with the buying coordinator. Furthermore, receive your funds within 1 – 2 business days after the closing date.

⭐ Move Out With Comfort! You get ample time to move out of the property after closing. Florida Cash Home Buyers arranges an escrow hold back to keep funds. Furthermore, they would charge you market rate 1-3 weeks post occupancy.

Florida Cash Home Buyers Payout

You get an offer based on your home’s ARV and current condition. For properties in good shape, the company offers 10% – 15% more than the standard cash offer with their novation option. However, note that this option doesn’t pay all cash.

For distressed properties, you might get an offer based on the following formulae:

Maximum Offer = ARV x 0.8 – Estimated Repair Costs

For example, your property’s after-repair value is $550,000. Moreover, the repair costs needed to get to this value is $10,000. In this case, you can expect an offer of $430,000.

💲 Get Advance Cash: You can ask Florida Cash Home Buyers to give you advance cash of $2500 – $10,000. However, they will first conduct a title search to confirm your authority on the property.

Florida Cash Home Buyers Reviews

Florida Cash Home Buyers has a whopping 4.8 out of 5 stars across 147 Google reviews. However, they are rated 2.6 out of 5 based on 5 BBB reviews. Although these reviews were majorly negative, we found that the company is proactively responding to them.

Positive Florida Cash Home Buyers Reviews

✅ Khaalid Wilson feels it is easy to sell to Florida Cash Home Buyers. He especially mentions Jose Gutierrez as he helped him get a smooth sale.

✅ Timothe Walker was able to sell his home much faster than expected. He was able to turn a stressful situation into an easy one.

Complaints

❌ Gail C did not appreciate the delay in closing. He had to wait for days to get a single reply from the company.

❌ Estefania Lazaro says that Florida Cash Home Buyers lacks professionalism and clarity. They felt scammed as the company tried to manipulate the situation.

Pros and Cons

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

👍 Pros

• Sell As-Is: You can skip the repairs before selling your home. Moreover, you don’t need to clean before leaving.
• Receive Good Offers: You could get a good value for decent homes. The company offers 10% – 15% more for homes in good condition with their novation option.
• Get a No-Obligation Offer: If you don’t like the presented cash offer, you can simply withdraw from selling to Florida Cash Home Buyers.
• Move Out with Comfort: You get sufficient time to move out after closing. In case, you need more than 1 – 3 weeks, the company charges market rent.
• Pay No Commissions: You sell directly to Florida Cash Home Buyers. As a result, you don’t need to pay the hefty 6% realtor commission.
• Location Expertise: They have bought 800+ houses in Florida. So, you can be sure that their guidance will help you sell conveniently.

👎 Cons

• Lowball Offers: You might get a reduced price on the full market value of your property.
• Limited Coverage: Florida Cash Home Buyers covers only Florida, US. So, you might not be able to avail of their services.

Competitor Analysis

» Jump to: Florida Cash Home Buyers vs. Houzeo | Florida Cash Home Buyers vs. Sundae | Florida Cash Home Buyers vs. We Buy Houses

Here are some potential competitors of Florida Cash Home Buyers. We have selected them based on three metrics: sale price, cash offers, and coverage.

1. Sale Price: Florida Cash Home Buyers vs. Houzeo

Florida Cash Home Buyers is a Florida-based buyer. Like most cash buyers, they extend offers based on standard industry practice. This value is a percentage of the after-repair value.

Houzeo is a marketplace where sellers connect with cash buyers. You can get up to 100% of your home’s value. With buyers from across the US, competition is high, helping you get the best price for your home.

2. Cash Offers: Florida Cash Home Buyers vs. Sundae

Sundae is a cash buyer marketplace. Your listing attracts three no-obligation cash offers with them. Furthermore, you can withdraw anytime if the offers don’t meet your preferences.

As compared to Florida Cash Home Buyers, Sundae is better as it provides you with 3 options. So, you have slightly better chances of securing a good deal.

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

We Buy Houses is a famous cash buyer that purchases properties as-is. They have nationwide coverage. We Buy Houses buys properties in the price range of 50% – 70% of the FMV.

On the other hand, Florida Cash Home Buyers is a local buyer. They purchase homes only in Florida. So, if your sell-off property is outside Florida, you might not be able to avail of their services.

“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%.

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

Yes, you could sell your home to Florida Cash Home Buyers if you’re on a time crunch. However, you might not get the best sale price for your property with them. Even for a decent home, you could get just 10% – 15% more than the standard cash offer.

For example, your decent home has an ARV of $400,000 and the repairs needed to get to this value are $5000. In this case, a standard cash buyer would pay you around $275,000. However, Florida Cash Home Buyers could pay you a minimum of $302,500. This amount is still low for a home in good shape.

Therefore, we recommend you select a smarter option like a cash marketplace to sell your home. Houzeo, for instance, lets you browse through multiple cash offers. This empowers you to demand the highest price for your home.

» Houzeo Reviews: Read what 7,800+ customers have to say about Houzeo.

 

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