4.6
Editor's Rating1
User Rating (1 Reviews)The Easy Home Buyer is a local cash-for-homes company that buys distressed properties. They provide a no-obligation offer within 24 to 48 hours to sellers who need cash urgently.
Pros
Cons
The Easy Home Buyer purchases distressed properties for cash. This means you can sell your home even if it’s in probate or needs major upgrades. Furthermore, if you’re on a time crunch, they help you close your deal in 3 to 21 days.
However, like most cash buyers, this company typically offers 50% to 70% of your home’s FMV. If you’re seeking an offer closer to your home’s fair market value, a cash buyer marketplace can help attract multiple offers.
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✍️ 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.
The Easy Home Buyer Customer Reviews
Most reviews of The Easy Home Buyer are positive. The positive reviews highlight excellent communication, professionalism, and a quick, hassle-free process. However, many express frustration with their extremely lowball offers and unsolicited letters.
With 249 reviews across various platforms, The Easy Home Buyer has an average rating of 4.6 out of 5.
The Easy Home Buyer Reviews: Praises
✅ Fair Offer, hassle-free process, and professional service
Jenn felt pleased and satisfied with the entire process. They appreciated the company’s excellent communication, professionalism, and fair offer. Jenn highly recommends The Easy Home Buyer for a quick, hassle-free sale.
Easy Home Buyer was so great to work with! Kylie is exceptional with communication and organization. From start to finish from Nick who came to my home initially then the inspectors were professional and knowledgeable. We received an extremely fair offer on our home. I would highly recommend them to anyone that wants a quick closing, and not having to deal with open houses.
Source: Google
✅ Smooth Process, fair offer, and transparent service
Derik felt the process was smooth, honest, and straightforward. They appreciated the fair market offer for their as-is home and the transparency throughout. Derik was impressed by the team’s reliability and would use them again.
Hey there I am just letting you know I would use easy home buyer again, I was ready to sell the house needed a lot of work they offered me a fair market value for it for the neighborhood I was in. the whole process was very painless and Swift and the whole team held true to their word no hidden fees no extra charges just a good honest company like I said I would use them again without even thinking about it.
Source: Google
The Easy Home Buyer Reviews: Complaints
❌ Lowball offer and poor value
Lindy was frustrated with the low offer and stated they’d never use the service again. They advised only using the service in extreme emergency and suggested contacting a Realtor.
Rip off price offers. I will never contact them again. They pay pennies on the dollar. So unless your in need of a fire sale. Call a realtor and list your property
Source: BBB
❌ Misleading and low offer
Mr. Moose felt disrespected by the drastically lower offer, especially after receiving a higher estimate. They felt their time was wasted and strongly advised others not to waste theirs.
Hello everyone I guess this is a seller beware notice !!! . Offered by marissa 500 to 550k and then Chad called 370k the house will be on the market at 580k so 65% less than the value at 580k 5 acre 2400 sqft home with an amazing view..What a waste of my time dont waste yours
Source: Google
The Easy Home Buyer Pros and Cons
Here are the pros and cons of The Easy Home Buyer:
✅ Pros
- Buy As-Is Houses: The Easy Home Buyer purchases homes in any condition. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
- Quick Closing: The Easy Home Buyer reviews say they close in as little as 3 days. However, their timeline is flexible, and they can close on a date suitable to you.
- Quick Cash Offer: They are known for extending fast cash offers. So, you can get quick cash in hand if you’re in a hurry.
- No Fees: You don’t have to pay any fees, commissions, and closing costs to work with them.
❌ Cons
- Lowball Cash Offers: The Easy Home Buyer views your house as an investment opportunity. So, your offer price may be much lower than the market price of your property.
- Little or No Scope for Negotiation: Cash home buyers typically don’t negotiate offers. With The Easy Home Buyer, you’ll receive just one cash offer with no room to negotiate. If you still want to try your luck, ensure that you back your arguments with proof.
- Limited Coverage: The Easy Home Buyer’s coverage is limited to Spokane in Washington and several cities in Idaho.
- Spammy Letters: Multiple reviews of The Easy Home Buyer mention receiving unsolicited letters.
The Easy Home Buyer Competitors
Here are the top 3 competitors to The Easy Home Buyer:
1. The Easy Home Buyer vs. Clever Offers
The Easy Home Buyer purchases homes directly for cash. They make fast offers and close on a timeline that suits the seller. No repairs, agent fees, or long delays are involved. The process is quick and hassle-free.
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.
2. The Easy Home Buyer vs. Houzeo
The Easy Home Buyer offers a hassle-free and quick selling process. But you pay for this convenience by selling your home at a reduced price. You receive only one offer with no room for negotiation, as your home is viewed as an investment opportunity.
On the other hand, with Houzeo, you get multiple offers. Houzeo’s cash buyer network helps you sell your house fast for cash. Your listing is visible to hundreds of local and national cash buyers. This increases your chances of getting top dollar for your home.
3. The Easy Home Buyer vs. HomeVestors
The Easy Home Buyer buys houses as-is and closes within 3 to 21 days. HomeVestors follows a similar model but usually takes 21 days or longer to close. The Easy Home Buyer operates in just 8 cities across two US states, while HomeVestors has nationwide coverage.
Is The Easy Home Buyer Legit?
Yes, The Easy Home Buyer is a legitimate cash buyer headquartered in Spokane, Washington. Chad Young founded the company in 2019. They are BBB accredited with an A+ rating.
As per their website, the company purchases around 50 properties each year. Since 2019, they’ve purchased approximately 325 homes.
What Kind of Properties Does The Easy Home Buyer Buy?
The Easy Home Buyer 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
How Does The Easy Home Buyer Work?
The steps to get a cash offer from The Easy Home Buyer are as follows:
- Fill Out an Online Form: Submit your personal and property information on the company’s website.
- Quick Home Evaluation: Once you submit your details, they will call you within 10 minutes. They will discuss your situation and schedule a home inspection.
- Get a Cash Offer: After that, you will receive a no-obligation cash offer within 24 to 48 hours.
- Close the Deal: If you accept the cash offer, they can close your deal in 3 to 21 days. You can also choose your preferred closing date.
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👉 Note: You can also call them directly on the provided number on the website to discuss your situation. This helps you initiate the process without needing to fill the online form.
How Much Does The Easy Home Buyer Pay?
It is standard industry practice for cash buyers to pay around 50% – 70% of your home’s FMV. Based on our research, you can expect a similar payout from The Easy Home Buyer. They have disclosed their pricing formula on their website, along with a detailed case study.
Here’s the formula they used:
Cash Offer = ARV (After Repair Value) – Rehabilitation Budget – Selling Expenses – Profit
Here’s how The Easy Home Buyer calculated the offer in their case study:
- ARV = $385,000 (this was what the home could have sold for after repairs)
- Rehabilitation Budget = $45,000 (what they expected to spend on fixing it)
- Selling Expenses = $38,000 (estimated agent fees, closing costs, etc.)
- Profit = $34,000 (their target profit from the deal)
So their cash offer worked out to:
$385,000 – $45,000 – $38,000 – $34,000 = $268,000
What Did That Mean for the Seller?
They ended up with a $268,000 offer for a home that had an ARV of $385,000. This is where the percentage difference comes into play.
Percentage Difference = (ARV−Cash Offer/ARV)×100
= ($385,000−$268,000/$385,000)×100
= 30.39%
So, the seller received 30.39% less than the home’s estimated after-repair value.
This cash offer can be a convenient choice for those looking to quickly sell a distressed property. For sellers seeking higher equity, exploring alternative companies to The Easy Home Buyer may provide a better option.
Ultimately, every seller’s situation is different. Whether speed, simplicity, or profit matters most will shape your choice. Before making decisions, it’s important to know your home’s current market value.
» What’s My Home’s Value: You can know your home’s market value with the free Home Worth Estimator. It helps you estimate the amount you will get upon sale.
The Easy Home Buyer Coverage
The Easy Home Buyer proudly serves communities in Washington, including Spokane and Spokane Valley. They also serve several cities in Idaho such as Athol, Hayden, Post Falls, Sandpoint, Coeur d’Alene, and Rathdrum.
“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%.
The Easy Home Buyer Reviews: Are They Worth It?
Yes, The Easy Home Buyer is worth it if your property is distressed and you need cash urgently. However, you may receive a lowball offer, since they buy your house to flip and resell. In addition, your property receives a single cash offer limiting negotiating options.
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.
Key Takeaways
- The Easy Home Buyer typically pays around 70% of your home’s fair market value (FMV) on average.
- You get one no-obligation cash offer within 24 to 48 hours, with closings in 3 to 21 days.
- They buy homes as-is, with no fees, commissions, or closing costs for sellers.
- Coverage is limited to parts of Washington and Idaho, unlike national alternatives.
- Many reviews are positive, but unsolicited letters and lowball offers are common complaints.
- If maximizing value matters, consider a cash buyer marketplace like Houzeo for multiple offers.
Companies That Buy Houses for Cash Near Me 🔍
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Reviews
(1 Reviews)
Jennifer Walker
Verified Reviewer
17th Nov 2023
My house was valued at $224,000 and has no problems but as mt wife has passed and I’m intending to move back to England I asked for a quote. They offered me $87,00 so I told them to get lost. I sold it 2 months ago for $195,000 so this company is a rip off and will stiff you any way they can!