1.5
Editor's Rating (37 Reviews)0
User Rating (0 Reviews)HomeVestors is a cash home buyer. They purchase homes ‘as-is’ and can close in as little as 3 weeks. Their business follows a franchise model and operates across the country. They have 25 years of experience and a 95% satisfaction rate.
Pros
Cons
HomeVestors is a nationwide network of real estate investors. They buy homes ‘as is’ for cash. They are famous for their ‘We Buy Ugly Houses’ slogan. When you sell your house to them, there’s no need for repairs or showings.
However, their cash offers are usually below fair market value. A cash buyer marketplace can help you attract multiple buyers and secure a better deal. This way, you get options instead of settling for a single low offer.
-
✍️ 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.
Key Takeaways
- HomeVestors is a nationwide franchise network that purchases homes “as-is” for cash.
- Sellers can close in as little as three weeks without needing repairs or showings.
- Their cash offers are typically below fair market value, often ranging from 50% to 70%.
- Most reviews report frequent spam calls from the company.
- Since they operate as a franchise, the experience may vary by location.
Is HomeVestors Legit?
Yes, HomeVestors, officially known as HomeVestors of America, Inc., is a legitimate company. They have been in real estate business since 1996. They own another popular real estate venture, We Buy Ugly Houses.
HomeVestors has over 1,100 franchises across the nation. Additionally, they have purchased over 150,000 homes so far.
How Does HomeVestors Work?
HomeVestors operates on a franchise model. Each of their franchise offices operates independently. When you decide to sell to them, a local property specialist will visit your home. They will evaluate your home and make an all-cash offer.
Here are the steps to sell your house as-is with HomeVestors:
- Schedule a Visit: Fill out the form on their website with your property details and contact info to schedule a visit. Alternatively, you can also call the number on their site.
- Receive a Cash Offer: A local HomeVestors property specialist will come to your house and review its condition. After the evaluation, they will present you with an all-cash offer.
- Complete the Paperwork: Once you accept their cash offer, the next step involves signing the contract. They can help you close the deal in as little as three weeks.
-
👉 Additional Note: With the HomeVestors Advantage feature, you get three days to reconsider your decision after you sign the contract with them. If you decide to cancel the deal, simply contact your local property specialist.
Yes, many sellers have worked with HomeVestors. Reviews on BBB and Trustpilot show mixed feedback. Some highlight fast closings, while others say the offers were much lower than expected.
HomeVestors Reviews: Coverage
HomeVestors operates in 48 states, including D.C. However, they do not offer services in Alaska, Hawaii, and South Dakota.
How Much Does HomeVestors Pay?
Like other cash buyers, HomeVestors also offers below-market value. Their offers typically range from 50% to 70% of your home’s market value. For example, if your home is worth $300,000, your offer could fall between $150,000 and $210,000.
When you have alternatives to get the full value of your home, why settle for a lowball offer? We recommend using a cash buyer marketplace like Houzeo. This way, you can get multiple cash offers and secure the Fair Market Value of your home.
» What’s My Home’s Value: Check your home’s value with the free Home Worth Estimator. It gives you an estimate of your property’s market value and potential sale price.
HomeVestors usually pays below market value. They factor in repair costs, holding costs, and resale profit when making an offer. The price can be fair if you want speed and convenience. But sellers who want top dollar often get better results through the MLS or by comparing multiple cash buyers.
HomeVestors Reviews: What Do Customers Say?
HomeVestors is rated 2.8 out of 5 on Trustpilot, based on 3 reviews. Plus, they have a rating of 1.32 stars out of 5 from 34 reviews on Better Business Bureau. However, their customer reviews on Google and Yelp are combined with those of We Buy Ugly Houses.
HomeVestors Positive Reviews
✅ Kind, helpful support and a streamlined selling journey
Dee G. expressed that the experience with HomeVestors was among their best. They described the process as smooth, with kind and helpful support during the sale and closing. Dee highly recommends the company for a seamless and trustworthy home sale.
Quite literally the best experience ever! From beginning to end, everything went smoothly and those involved with the sell and closing were incredibly kind. This is likely one of the best things we’ve ever done! I couldn’t recommend any higher!
Source: BBB
✅ Fair, fast, and reliable home selling experience
Lee D. was satisfied with the experience of selling a home to a HomeVestors franchisee. They shared that the team treated them fairly and closed the deal very quickly. Lee expressed being impressed with the service and would trust them again in the future.
I sold a home to a HomeVestors Franchisee. They treated me fairly & closed super fast. I’m very impressed and if i ever have a situation come up like this in the future i would trust them to treat ******* family well. Thanks
Source: BBB
HomeVestors Reviews Complaints
❌ Unsolicited mail and wasteful marketing
Raymond J. felt overwhelmed by unsolicited mail flooding their mailbox. They saw the company as another business mining public records for easy leads. While frustrating and wasteful, Raymond noted it supports postal and recycling workers.
Unsolicited junk mail, as others have reported. Just another business that sniffs public records for fresh names and addresses to ******, like a mongrel snooping the neighborhood waste bins for scraps. It must work enough of the time that its worth continuing, as there are no shortage of outfits doing this, and have been for decades. Though annoying – and probably contributing to deforestation with all their wasted paper – at least it keeps a few more postal workers and paper recycling workers employed.
Source: BBB
❌ Persistent spam calls and unprofessional behavior
Mike H. warned strongly against sharing your phone number with HomeVestors. They said the company repeatedly calls and leaves strange noises on voicemail. Mike described this behavior as very unprofessional and frustrating.
Don’t give out your number to them or even call, they get your number then call multiple times leaving grunting noises on your machine. Very unprofessional!
Source: BBB
HomeVestors Pros and Cons
Here are the pros and cons of HomeVestors:
✅ Pros
- Executive Support: The HomeVestors local property specialists simplify the home selling process. They help you with home inspection, assessment, documentation, and closing.
- Buy Properties in Any Condition: HomeVestors buys houses as is, so there’s no need to stage, repair, or fix any defects. You won’t have to worry about foreclosures either.
- No Closing and Service Charges: HomeVestors also covers the closing costs for sellers. So, as a seller, you don’t need to pay for anything.
- Nationwide Coverage: One of the benefits of HomeVestors of America is their nationwide franchises. This makes them easily accessible.
❌ Cons
- Lowball Offers: You will likely get an offer of around 50% to 70% of your home’s FMV with HomeVestors. This is the standard industry practice with cash buyers.
- Lack of Consistent Service: HomeVestors has offices owned by local real estate investors. So, your experience depends on the local property specialist you work with.
- Continuous Spam Messages: Most HomeVestors reviews highlight the persistent and unwanted messages from the company. This continues even after they refuse their cash offers.
HomeVestors Competitors
Here are the top 3 competitors of HomeVestors:
HomeVestors vs. Clever Offers
HomeVestors is a nationwide cash home buyer. They purchase houses in any condition and can close quickly. Their process is straightforward, but the cash offers are usually below market value. Sellers choose them for speed and 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.
HomeVestors vs. Houzeo
When you sell to HomeVestors, their process may seem convenient. However, you might not receive 100% of your home’s Fair Market Value. Additionally, you won’t be able to compare offers or negotiate with buyers.
On the other hand, Houzeo gives your home broad exposure through multiple cash offers. Furthermore, you can sell your home fast for cash with their automated selling process. You can also compare offers and choose the highest and best one.
HomeVestors vs. HomeLight
HomeVestors provides convenience to home sellers, but they can take up to 3 weeks to close a deal. Additionally, if a seller needs more time, they can extend the closing timeline further.
However, with the HomeLight Simple Sale option, you can receive cash in hand in as few as 10 days. So, HomeLight lets you sell quickly.
“We Buy Houses for Cash” Companies Near You
There are other “We Buy Houses As Is” companies in the market. You can request offers from several cash companies and choose one that suits you best.
HomeVestors Reviews: Are They Worth It?
Yes, HomeVestors can help you sell your property quickly. They buy homes as-is and offer nationwide service. However, their offers may be lower than market value. If you’re ready to accept a lowball offer or need to sell fast, they can be a good option.
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.
Resend Code
Reviews
(0 Reviews)
