Simply Sold is a Florida house buyer that makes cash offers on homes as-is. They provide quick closing timelines for sellers who don’t have money or time to spare.
In exchange for this convenience, you get just 50% to 70% of your home’s Fair Market Value (FMV). Moreover, Simply Sold reviews also highlight how this cash buyer may spam you if you’re on their calling list.
In this blog, let’s look at Simply Sold’s pros and cons and their alternatives to help you get the property value and peace of mind you deserve!
Key Takeaways
- Pros: Simply Sold lets you avoid the hassle of a formal home inspection. You also skip expensive repairs and renovations when you sell your home as is to this cash buyer.
- Cons: Simply Sold doesn’t give you top dollar for your property. You could be deprived of 30% to 50% of your home’s value. Additionally, their restricted coverage may make it difficult for you to sell your home to them.
- Our Take: We don’t recommend Simply Sold because of their lowball offers. With an MLS listing on a cash buyer marketkplace like Houzeo, you can get even 100% of your home’s FMV. Compare Houzeo vs. Simply Sold.
What is Simply Sold?
Simply Sold LLC is a traditional cash home buyer. They are home flippers that buy distressed properties at a discount, renovate them, and then sell them at a profit.
When you sell your home to Simply Sold, you avoid spending on costly repairs, agent commissions, and closing costs. But keep in mind that this company extends an offer keeping these charges in mind.
What Types of Properties Does Simply Sold Purchase?
Simply Sold purchases all kinds of homes at a steep discount from distressed sellers. Some of these houses include:
- Inherited properties
- Homes with structural damages
- Rental properties with tiresome tenants
- Houses facing foreclosure
When compared to other cash home buyers, you may be robbed of a huge chunk of money with Simply Sold.
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 Simply Sold.
Simply Sold vs. Houzeo
Selling to Simply Sold 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.
| Simply Sold | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4. 5 stars (46 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.
Simply Sold: Pros and Cons
Simply Sold is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ SimplySold.net Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Simply Sold 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: SimplySold 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.
⛔ SimplySold.net Cons
Simply Sold complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Simply Sold 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 Simply Sold LLC, you don’t have much 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 purchases properties only in Orlando, Tampa Bay, and Jacksonville. You will have to look for other cash buyers to sell your house as is if you don’t live in these areas.
Best Alternatives to Simply Sold
Even if you want to sell your house fast for cash, look for some alternatives better than Simply Sold. 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 Simply Sold
1. Is Simply Sold legit?
Yes, Simply Sold is a legitimate company founded in 2004. They cater to home sellers residing in Orlando, Tampa Bay, and Jacksonville.
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