6 min read Jan 29, 2024

iBuy585.com Reviews: Sell Your Distressed Home Fast for Cash

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iBuy585.com is a company that makes cash offers on distressed homes. They cater to home sellers who are on a time crunch.

Editor’s Rating

3.7

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Pros

  • iBuy585.com extends cash offers on homes in 24 to 48 hours
  • They can close on your home in just 2 weeks

Cons

  • iBuy585.com may take away 30% to 50% of your home's value
  • You may not be able to negotiate the offer you receive from iBuy585.com

iBuy585.com is a cash home-buying company that operates in New York. They purchase distressed properties as is, saving you thousands of dollars in repairs.

However, you may lose out on the value of your home. iBuy585.com offers just 50% to 70% of your property’s Fair Market Value.

An MLS listing on a cash buyer marketplace like Houzeo can get you 100% of your property’s value. With Houzeo, your listing can be on the MLS within 24 hours. Moreover, you can compare offers from multiple national and local cash buyers, instead of settling for just one lowball offer.

In this blog, let’s look at iBuy585.com reviews and their alternatives to help you get the property value you deserve!

Key Takeaways

  • Pros: iBuy585.com is a cash buyer that purchases distressed properties quickly. You can have cash in your account within two weeks.
  • Cons: iBuy585.com doesn’t give you 100% lf your home’s value. In fact, you could lose around 30% to 50% of your home’s equity when you sell your property to this cash buyer.
  • Our Take: We don’t recommend iBuy585.com. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. iBuy585.com.

What is iBuy585.com?

iBuy585.com is a traditional cash buyer that makes all-cash offers on homes. This house flipper buys homes at a discount, renovates them, and then sells them for a profit.

You can sell your home in just two weeks and get 50% to 70% of your its value.

What Types of Properties Does iBuy585.com Purchase?

iBuy585.com purchases all kinds of homes at a steep discount from distressed sellers. Some of these houses include:

When compared to other cash home buyers, you may be robbed of a huge chunk of money with iBuy585.com.

To avoid such a possibility, list on the MLS with a flat fee company like Houzeo and compare multiple offers from cash companies and iBuyers alike.

    👉 IMPORTANT: Review local housing sales data and determine the Fair Market Value of your property before requesting a cash offer from iBuy585.com.

iBuy585.com vs. Houzeo

Selling to iBuy585.com 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.

iBuy585.comHouzeo
Sale Price50% to 70% of FMVUp to 100% of FMV
Customer Rating3.7 stars (6 reviews)4.9 stars (4,523 reviews)
Closing Timeline14 to 45 days2 to 60 days
Fees$379
Closing Costs1% to 3% Closing Costs
Scope for Negotiation
Repair Costs

» Houzeo Reviews: Still not convinced? Read what customers have to say about Houzeo.

iBuy585.com Reviews: Pros and Cons

iBuy585.com is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:

iBuy585.com Pros

Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how iBuy585.com matches up to these expectations.

  • Buy As Is Houses: This “We Buy Homes Fast” company purchases homes as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
  • Quick Closing: iBuy585.com reviews state that you can get a cash offer in just 72 hours. Further, they have a flexible closing timeline so you can move at your convenience.

iBuy585.com Cons

iBuy585.com complaints reflect the following disadvantages of the company:

  • Lowball Cash Offers: iBuy585.com views your house as an investment opportunity. So, your offer price may be much lower than the market price of your property.
  • Little to No Scope for Negotiation: With cash home buyers like iBuy585.com, you may not 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: This cash buyer operates in the state of New York. So, sellers residing outside this state may have to look for other options when selling their homes.

Best Alternatives to iBuy585.com

Even if you want to sell your house fast for cash, look for some alternatives better than iBuy585.com. We’ve listed three below:

  • Houzeo: Houzeo is one of the best FSBO websites in America that lets you list your home on the MLS in just 24 to 48 hours. Here, multiple national and local cash home buyers make offers on your property, driving up its price. You can even get 100% of your home’s FMV.
  • 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.
  • 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.

“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.

RegionStates/CitiesCompanies That Buy Houses For Cash Near Me
NortheastStatesConnecticut | Maine | Massachusetts | New Hampshire | New Jersey | New York | Pennsylvania | Rhode Island | Vermont
NortheastKey CitiesBoston, MA | Brooklyn, NY | Buffalo, NY | Long Island, NY | New York City, NY | Philadelphia, PA | Pittsburgh, PA | Rochester, NY | York, PA | Clayton, NY
MidwestStatesIllinois | Indiana | Iowa | Kansas | Michigan | Minnesota | Missouri | Nebraska | North Dakota | Ohio | South Dakota | Wisconsin
MidwestKey CitiesCincinnati, OH | Cleveland, OH | Columbus, OH | Detroit, MI | Indianapolis, IN | Kansas City, MO | Milwaukee, WI | Omaha, NE | Minneapolis, MN | Wayne County, MI | St. Louis, MO | Boulevard Heights, MO |
SouthStatesAlabama | Arkansas | Delaware | Florida | Georgia | Kentucky | Louisiana | Maryland | Mississippi | North Carolina | Oklahoma | South Carolina | Tennessee | Texas | Virginia | Washington, D.C | West Virginia
SouthKey CitiesAtlanta, GA | Asheville, NC | Baltimore, MD | Charlotte, NC | Charleston, SC | Columbia, SC | Dallas, TX | Fort Lauderdale, FL | Fort Myers, FL | Fort Worth, TX | Greensboro, NC | Greenville, SC | Houston, TX | Huntsville, AL|Killeen, TX | Knoxville, TN | Lexington, KY | Louisville, KY | Miami, FL | Nashville, TN | New Orleans, LA | Orlando, FL | Pasadena, TX | Raleigh, NC | Rockville, MD | San Antonio, TX | St. Augustine, FL | Tampa, FL | West Palm Beach, FL | Memphis, TN | Austin, TX | Norfolk, VA | Jacksonville, FL | Tallahassee, FL | Pensacola, FL | Sarasota, FL | Panama City, FL | Augusta, GA | Virginia Beach, VA | Clearwater, FL | Savannah, GA | Chattanooga, TN | Columbus, GA | Lawrenceville, GA | Winston-Salem, NC | Birmingham, AL | Jackson, MS | Biloxi, MS
WestStatesAlaska | Arizona | California | Colorado | Hawaii | Idaho | Montana | Nevada | New Mexico | Oregon | Utah | Washington | Wyoming
WestKey CitiesColorado Springs, CO | Denver, CO | Fresno, CA | Las Vegas, NV | Los Angeles, CA | Phoenix, AZ | Sacramento, CA | San Diego, CA | San Francisco, CA | Seattle, WA | Tucson, AZ | Portland, OR | Salt Lake City, UT | Orange County, CA | Roseville, CA | Ventura, CA | Lemon Grove, CA | Casitas Springs, CA | Bakersfield, CA

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Frequently Asked Questions About iBuy585.com

1. Is iBuy585.com legit?

Yes, iBuy585.com is a legitimate company operating in the state of New York.

Companies That Buy Houses for Cash Near Me 🔍

RegionCash Home Buyers
Nationwide Connect Home Buyers | ASAP Cash Offer | Expert Home Offers | House Buyer Network | Swift Homes | Fast Home Offer
Near-Nationwide Homevestors | We Buy Houses | Express Homebuyers| House Cashin | Highest Cash Offer
Northeast I Buy Li | IPS | ibuy585.com | Integrity First Home Buyers| Handsome Homebuyer | New England Home Buyers | Sell Fast Boston | Sell Now Homebuyers | First Choice Home Buyers | 1-800-cash Offer | Halo Homebuyers | Morgan Home Solutions | Sell to Jim | Snappy Home Buyers
MidwestDirect Home Buyers | I Buy SD | Ben Buys Indy Houses | Grandview Homes | Heartland Buys Houses | Christopher Ellyn Homes | Des Moines Home Buyers LLC | Professional Home Buyers | HouseMax | Jay Buys Detroit | Detroit Cash for Homes | Detroit Fair Offer | Minnesota Home Guys | Chris Buys Homes | Upward Home Solutions | Ohio Cash Buyers | All Ohio Home Buyers | Omaha Homes for Cash | Metro Milwaukee Home Buyer | Cream City Home Buyers
SouthCava Buys | Simply Sold | Homego | Irby Buys | Mark Spain Real Estate | 365 Property Buyers | Florida Cash Home Buyers | Quick Home Buyers | Freedom Cash Home Buyers | Sarasota Home Buyers | Maximum Cash Home Buyers | Cash Offer Kentucky | Geaux Home Buyers Llc | The Buy Guys | Maryland Cash House Buyers | Keen Home Buyers | Nc Cash Home Buyers | W Properties | Charleston House Buyers | New Horizon Home Buyers | Sell to Bobby | House Heroes | Traction Home Offer | Pps House Buyers | Investment Capital Home Buyers | MarketPro HomeBuyers | Texas All Cash Home Buyers | 4 Brothers Buy Houses | Advantage Homebuyers of America
WestTarek Buys | Osborne Homes | Property Max | Seller's Advantage | Sundae | Andrew The Home Buyer | Doug Hopkins Real Estate | John Buys Bay Area Houses | Laurel Buys Houses | John Medina Buys Houses | SoCal Home Buyers | Sell Quick California | Gordon Buys Homes | The Buy-Out Company | Oahu Home Buyers | Khd Real Estate LLC | Enlight Homebuyers | We Buy Any Vegas House | Boise House Buyers | Brothers buy homes | House Buyers of America | The Easy Home Buyer | I Will Buy House | Beachworks LLC

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