Minnesota Home Guys is a cash home buyer that makes all-cash offers on distressed properties. They provide a quick closing timeline that helps sellers who need money urgently.
However, Minnesota Home Guys’ offerings aren’t as straightforward as they seem. They may extend lowball offers that take away almost 30% to 50% of your home’s market price. Their limited coverage may also make it difficult to get offers from them.
In this blog, let’s look at Minnesota Home Guys reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: Minnesota Home Guys helps you offload your distressed property easily. You can get quick cash for your property in just 2 weeks.
- Cons: Minnesota Home Guys may extend cash offers that are just 50% to 70% of your property’s market price. Further, you may not have much room to negotiate your cash offer with this home buyer.
- Our Take: We don’t recommend Minnesota Home Guys. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Minnesota Home Guys.
What is Minnesota Home Guys?
Minnesota Home Guys is traditional cash home buyer that purchases damaged properties in just two weeks. Similar to a home flipper, they buy distressed properties at a 30% to 50% discount, fix them up, and then sell them for a profit.
Since this cash buyer purchases houses as is, you save thousands of dollars otherwise spent on repairs and renovations.
What Types of Properties Does Minnesota Home Guys Purchase?
Minnesota Home Guys purchases all kinds of homes at a steep discount from distressed sellers. Some of these houses include:
- Inherited properties
- Homes with structural damages
- Houses facing foreclosure
When compared to other cash home buyers, you may be robbed of a huge chunk of money with Minnesota Home Guys.
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.
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👉 IMPORTANT: Review local housing sales data and determine the Fair Market Value of your property before requesting a cash offer from Minnesota Home Guys.
Minnesota Home Guys vs. Houzeo
Selling to Minnesota Home Guys 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.
| Minnesota Home Guys | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.8 stars (107 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 14 to 30 days | 2 to 60 days |
| Fees | ❌ | $379 |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
» Houzeo Reviews: Still not convinced? Read what customers have to say about Houzeo.
Minnesota Home Guys: Pros and Cons
Minnesota Home Guys is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Minnesota Home Guys Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Minnesota Home Guys matches up to these expectations.
- Buy As Is Houses: This “We Buy Homes Fast” company purchases homes as is. So, even if your property needs heavy repairs, you will get a cash offer.
- Quick Closing: Minnesota Home Guys reviews say they close in as little as two weeks. However, their timeline is flexible, and they 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 save money while enjoying the convenience of a quick sale.
⛔ Minnesota Home Guys Cons
Minnesota Home Guys complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Minnesota Home Guys 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 Minnesota Home Guys, 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: Minnesota Home Guys caters to sellers within this state. So, residents in other parts of the country may not be able to avail of their services.
Best Alternatives to Minnesota Home Guys
Even if you want to sell your house fast for cash, look for some alternatives better than Minnesota Home Guys. 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.
Frequently Asked Questions About Minnesota Home Guys
1. Is Minnesota Home Guys legit?
Yes, Minnesota Home Guys is a legitimate company founded by Jaden Ghylin and James Kolde. Till date, they have bought and sold over 500 homes.
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