Ben Buys Indy Houses Reviews: Real Estate Updates (2024)

✏️ 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.

Ben Buys Indy Houses is a cash buyer. They provide the option to choose an offer based on your needs. Although it will be just one offer, it might help you in various situations like selling as-is, mortgage relief, maximizing equity, etc.

The traditional MLS route usually takes about 61 days to sell a home. However, with a cash buyer like Ben Buys Indy, you can close in as little as 10 days. This can be helpful if you’re short on time.

While their as-is purchase policy and quick closing could speed up the sale, these advantages might result in a lower offer. You might get a cash offer as per industry standards i.e. just 50% – 70% of your home’s value.

For the best value, consider selling through a cash buyer marketplace. You can compare offers from multiple national and local cash buyers on a marketplace. As a result, your chances of securing a top-dollar deal increase.

✍️ Editor’s Take: Sell your home using a cash-buyer marketplace like Houzeo. You get multiple cash offers from buyers nationwide. As a result, you can call for the highest and best offer. Compare Ben Buys Indy Houses vs. Houzeo.

Is Ben Buys Indy Houses Legit?

Yes, Ben Buys Indy Houses is a legitimate family-owned business founded by Ben Grise and Kortney Grise. According to the company’s website, they have helped 1000+ Indiana home sellers since 2012.

Ben Buys Indy Houses has had an A+ BBB accreditation since 2014. Furthermore, they have enough positive reviews on credible websites like Google to showcase their expertise.

When Can You Sell to Ben Buys Indy Houses?

Ben Buys Indy Houses buys single-family homes, commercial properties, multi-family properties, condos, apartments, and vacant land in various situations like:

• Property inheritance
• Structural damages
• Tiresome tenants issues
• Foreclosure
• Probate

👉 When Can You Not Sell? Ben Buys Indy Houses might not purchase properties without clear ownership or equitable interest in the property. They also avoid buying in neighborhoods with declining home values.

Payout

Ben Buys Indy Houses pays based on your home’s ARV, which stands for After-Repair-Value. ARV is the value of your home after making necessary repairs.

For instance, your home is currently valued at $450,000 and it needs $50,000 in repairs to reach its best condition. In this case, your home’s ARV would be $500,000.

Like most cash buyers, Ben Buys Indy Houses might calculate their cash offer based on the following formula:

Maximum Offer = ARV x 0.7 – Estimated Repair Costs

Based on the ARV example we discussed earlier, Ben Buys Indy Houses would offer you approximately $300,000, which is typically 50% to 70% of your home’s value.

» 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.

Ben Buys Indy Houses: Selling Process

It is straightforward to sell to Ben Buys Indy Houses. You just need to follow these 4 steps:

• Get in Touch: Contact them or fill out the website form. Provide your name, email, phone number, and property details such as type of home, number of rooms, and year of construction.
• Meet the Expert: After you submit your property details, meet the licensed property inspector for a visual inspection. The inspector will note all the necessary repairs to present the preliminary cash offer.
• Review the Offer: Carefully read the terms and conditions of the presented cash offer. Please note Ben Buys Indy Houses lets you negotiate. They are open to re-evaluations if you find another company with a better cash offer.
• Close at Your Convenience: Close in as little as 10 days or on your desired closing date. You get a cheque at the title office once the deal closes.

However, ensure that you don’t sign the purchase agreement with any other company to use their re-evaluation option.

Coverage

Ben Buys Indy Houses is a local buyer. They purchase properties in various Indiana cities like Anderson, Avon, Beech Grove, Brownsburg, Carmel, Elkhart, Fishers, Greenwood, Lawrence, South Bend, Indianapolis, etc.

If you’re based out of Indiana, you might not be able to avail of their services. In such a case, you can consider other options like Houzeo.

Reviews and Ratings

Ben Buys Indy Houses has a solid 4.7 out of 5 stars based on 194 Google reviews. On the other hand, they have a decent rating of 3.8 out of 5 based on 15 BBB reviews.

Positive reviews highlight that customers love the fast and easy selling process of Ben Buys Indy Houses. However, some highlight that the company spam calls a lot after receiving the initial inquiry.

Praises

✅ Greg Purdue was impressed by the honest and efficient selling process provided by Ben Buys Indy Houses. He highly recommends their services for selling and would gladly work with them again.

✅ Tim T found the company’s staff to be professional and forthright in negotiations. In short, they were quick and easy to deal with and offered no shocks at the end.

Complaints

❌ Monica R. was frustrated by the constant spam calls by the company. She had to repeatedly ask Ben Buys Indy Houses to not spam her with sales calls.

❌ Brandy Cooper felt selling through a realtor is better. According to them, Ben Buys Indy Houses flips houses and attempts to make money off the transaction.

Ben Buys Indy Houses: Pros and Cons

Here are the pros and cons of Ben Buys Indy Houses:

👍Pros

• Multiple Cash Offers: You get to choose an offer based on your needs and priorities from with Ben Buys Indy Houses. As a result, you are in a better position to negotiate the best deal for your property.
• Buys As-is: Ben Buys Indy Houses purchases in any conditions. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
• No Costs and Fees: When selling to Ben Buys Indy Houses, you won’t have to worry about paying title fees or closing costs. The company covers these costs on your behalf.
• No Stay-Back Fee: Ben Buys Indy Houses lets you stay in your house after closing at no cost. In short, you can move out at your comfort with no extra fee.
• No Obligation: If you don’t like the presented cash offer, you can withdraw from the selling process. Alternatively, you can also ask them to re-evaluate their offer.

👎Cons

• Lowball Cash Offers: Ben Buys Indy Houses could pay you as per industry standards i.e. around 50%-70% of your home’s FMV.
• Limited Coverage: Ben Buys Indy Homes offers their services to sellers located in Indiana. If you’re based out of their service area, you might not be able to avail of their services.

Competitor Analysis

» Jump to: Ben Buys Indy Houses vs. Houzeo | Ben Buys Indy Houses vs. Sundae | Ben Buys Indy Houses vs. We Buy Houses

Here are some potential competitors of Ben Buys Indy Houses. We have selected them based on three metrics: sale price, cash offers, and coverage.

1. Sale Price: Ben Buys Indy Houses vs. Houzeo

Ben Buys Indy Houses is an Indiana-based buyer. Like most cash buyers, they extend offers based on standard industry practice. This value is a percentage of the after-repair value.

Houzeo is a marketplace where sellers connect with cash buyers. You can get up to 100% of your home’s value. With buyers from across the US, competition is high, helping you get the best price for your home.

2. Cash Offers: Ben Buys Indy Houses vs. Sundae

Sundae is a cash buyer marketplace. Your listing attracts three no-obligation cash offers with them. Furthermore, you can withdraw anytime if the offers don’t meet your preferences.

Ben Buys Indy Houses, on the other hand, gives you the option to choose the offer based on circumstances. Technically, you will get a single offer. Therefore, opting for Sundae improves your chances of a better deal.

3. Coverage: Ben Buys Indy Houses vs. We Buy Houses

We Buy Houses is a famous cash buyer that purchases properties as-is. They have nationwide coverage. We Buy Houses buys properties in the price range of 50% – 70% of the FMV.

On the other hand, Ben Buys Indy Houses is a local buyer. They purchase homes only in Indiana. So, if your sell-off property is outside Indianapolis and surrounding areas, you might not be able to avail of their services.

“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%.

Ben Buys Indy Houses Reviews: Should You Sell To Them?

Yes, you could sell your home to Ben Buys Indy Houses if you’re on a time crunch. However, you might not get the best sale price for your property with them. Even for a decent home, you could get just 10% – 15% more than the standard cash offer.

Therefore, we recommend you select a smarter option like a cash marketplace to sell your home. Houzeo, for instance, lets you browse through multiple cash offers. This empowers you to demand the highest price for your home.

» Houzeo Reviews: Read what 8,000+ customers have to say about Houzeo.

 

Frequently Asked Questions About Ben Buys Indy Houses

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