✏️ Editor’s Note: Realtor Associations, agents, and MLS’ have started implementing changes related to the NAR’s $418 million settlement. While home-sellers will likely save thousands in commission, compliance and litigation risks have significantly increased for sellers throughout the nation. Learn how NAR’s settlement affects home sellers.
IRBY Buys is a cash home buyer that helps sellers who are on a time crunch. They buy distressed properties as is and provide a flexible closing timeline.
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Pros
- IRBY Buys extends a cash offer in 24 hours
- This cash buyer closes on your property in 2 weeks
Cons
- IRBY Buys extends offers that just 50% to 70% of your home's value
- There is very little scope for negotiation
- IRBY buys has a limited coverage area
Irby Buys is a real estate company that buys houses as-is for cash. They provide a flexible closing timeline that helps home sellers who need cash upfront.
However, irbybuys.com’s offerings are not as clear-cut as they appear. You may have to compromise and accept an offer far below 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 IRBY Buys reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: IRBY claims to give a fair cash offer within 24 hours. So, you can promptly discover the exact amount of cash you can expect to receive from selling your house.
- Cons: IRBY Buys typically offers you around 50% to 70% of your property’s Fair Market Value (FMV). Unfortunately, there is no room for negotiation and you may end up losing on your home’s equity.
- Our Take: We don’t recommend IRBY Buys as you may not get the highest value for your property. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. IRBY Buys.
What is IRBY Buys?
IRBY Buys is a company offering cash for homes in the states of Alabama, Mississippi, and Florida. They purchase distressed properties, perform necessary repairs and sell them at a higher price to make a profit.
IRBY Buys claims that if you sell your property with them, they will offer you a cash offer within 24 hours. So, you save on repairs, showings, and commissions.
Properties IRBY Buys Purchases
IRBY Buys purchases all kinds of homes at a steep discount from distressed sellers. Some of these houses include:
- Inherited properties
- Homes with structural damages
- Properties with fire damage
- Houses with mold damage
- Homes with roof leaks
When compared to other cash home buyers, you may be robbed of a huge chunk of money with IRBY Buys.
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.
How Does IRBY Buys Work?
Getting a cash offer from IRBY Buys is straightforward:
- Add Your Property Details: Fill out the online form on irbybuys.com or call 866-934-8440 to reach out to this cash buyer. You will need to provide your contact information and address on their website.
- Schedule Home Inspection: Once they receive your information, irbybuys.com will visit your property for an inspection.
- Get Cash Offer: They will extend a firm cash offer within 24 after the inspection. You are under no obligation to accept their offer if it doesn’t suit your needs.
- Close the Sale: If you accept the cash offer, then IRBY Buys will arrange a cash transaction. You can have the funds sent directly to your account on the day of closing.
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👉 Find Your Property’s Market Value: Review local housing sales data and determine the FMV of your property before requesting a cash offer from IRBY Buys.
How Much Does IRBY Buys Pay?
IRBY Buys applies the 70% rule when extending offers for homes. According to this rule, this cash buyer will pay up to 70% of your property’s After Repair Value (ARV), excluding the repair costs.
They follow this simple formula when calculating their cash offer:
Maximum Offer = ARV x 0.7 – Estimated Repair Costs
An IRBY Buys representative will give you a cash offer in 24 hours. This is based on:
- The sale price of other homes in your locality.
- Local market data.
- In-depth property research.
- Home inspection
IRBY Buys deducts the repair costs, holding costs, estimated profit, etc., before giving you the offer.
For Example: Your house is worth $300,000 but needs $25,000 in repairs. You can expect a $185,000 cash offer from irbybuys.com.
» What’s My Home’s Value: You can know your home’s market value with Houzeo’s free Home Worth Estimator. It helps you estimate the amount you will get upon sale.
IRBY Buys vs. Houzeo
Selling your house to IRBY Buys 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.
| IRBY Buys | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 3 stars (2 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 7 to 14 days | 2 to 60 days |
| Fees/Commissions | ❌ | $349 |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
» Houzeo Reviews: Still not convinced? Read what others have to say about Houzeo.
IRBY Buys Reviews
IRBY Buys Houses company has a 3 out of 5-star rating on Google based on 2 reviews. The company doesn’t have enough customer reviews on trustworthy websites like Google, Yelp to determine whether their services are reliable.
✅ Douglas appreciated IRBY Buys staff for being polite, professional and prompt.
I admit it, I was semi-skeptical at first. But I completed the FB Form. My primary contact was Logan. Logan was always: Polite, Professional and Prompt. In the end, for reasons having zero to do with Logan, I opted to go with a Realtor…
Source: Google
✅ Jim was satisfied with IRBY Group’s services. He received the cash within a single day.
Just closed on a home that needed a total overhaul and received double what 2 others offered. Mike was very nice and kept in touch. Got my money in one day. I’m 100% pleased!..
Source: BBB
❌ Alex accused IRBY Buys of engaging in unethical practices. He said the company targets the elderly and weak to acquire their homes at low prices.
These are a bunch of crook who practically steal homes at bargain prices from the elderly and the weak for a profit. They use all kinds of tricks in the book to buy (steal) their homes and sell for a big profit…
Source: Yelp
❌ Hugh expressed frustration towards the company for sending him unsolicited offers.
Greedy hacks preying on desperate homeowners. They’ve sent me unsolicited offers for years now and refuse to remove me from their mailing list after being politely requested. So now I simply re-post their mailings as “REFUSED”Return to sender”…
Source: Yelp
IRBY Buys: Pros and Cons
IRBY Buys offers a convenient solution for sellers who want urgent cash. However, it is important to weigh the pros and cons to gain a clearer understanding of their services:
✅ IRBYBuys.com Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how IRBY Buys matches up to these expectations.
- Buy As Is Houses: This “We Buy Homes Fast” company purchases houses as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
- Fast Cash Offer: Irby Buys is known for extending cash offers within 24 hours. So, you can get quick cash in hand if you’re in a hurry.
- Quick Closing: Irbybuys houses reviews say they close in as little as two weeks. They also have a flexible timeline and 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.
⛔ IRBYBuys.com Cons
Irbybuys.com complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Your cash offer could be just 50% to 70% of your home’s market value.
- Little to No Scope for Negotiation: With cash home buyers like IRBY Buys, you don’t 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: IRBY Buys only offers cash for Alabama, Mississippi, and Florida houses.
Best Alternatives to IRBYBuys.com
Even if you want to sell your house fast for cash, look for some alternatives better than IRBY Buys. 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.
Should You Sell Your House to IRBYBuys.com?
No, we do not recommend irbybuys.com to sell your home. Their undervalued offers may rob you of the money you’ve worked hard to earn.
If your main focus is getting a quick cash offer for your home, then IRBY Buys may be the right choice for you. Know that your property gets exposure only from one firm.
In contrast, when you list on a cash buyer marketplace like Houzeo.com, your property gets maximum exposure. You can get multiple offers and maybe even top dollar for your property when you list on MLS.
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Frequently Asked Questions About IRBYBuys.com
1. Is IRBY Buys legitimate?
Yes, IRBY Buys is a legitimate company. They have been buying homes for cash in Alabama, Mississippi, and Florida since 2015.
2. How much money will IRBY Buys offer for my property?
IRBY Buys reviews highlight that the company uses the 70% rule when determining their cash offers. So, they'll only pay 70% of your home's market value. You can gain up to 100% of the market value by listing your property on a cash buyer marketplace like Houzeo.
3. Who owns IRBY Buys?
IRBY Buys is owned by Jared Irby.
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