I Buy SD Reviews: Pros, Cons, Alternatives (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.

I Buy SD is a cash buyer based in San Diego. They are versatile investors who buy various types of properties like condos, houses, and multi-unit buildings. Furthermore, you can close the escrow in as little as 7 days with them.

You can sell your property in as-is condition to I Buy SD. This means you could save around $250 – $300 per square foot on basic home renovations in San Diego.

However, their fast closing and as-is purchase policy could likely cost you thousands. I Buy SD might give cash offers as per industry standards i.e. 50%-70% of your home’s ARV.

If you’re looking to get the highest possible value for your home, consider a cash buyer marketplace. A cash buyer marketplace attracts multiple buyers to your property. As a result, your chances of securing the best deal improve.

✍️ Editor’s Take: List your home on a cash-buyer marketplace like Houzeo. Houzeo gets you on the MLS within 24 hours, maximizing exposure for your home. This puts you in a position to select the best deal from multiple cash offers. Compare I Buy SD vs. Houzeo.

Is I Buy SD Legit?

Yes, I Buy SD is a legitimate cash home buyer based in San Diego, CA. They have an A+ accredited BBB profile with an alternate business name GG Homes.

I Buy SD has reviews on credible websites like Google and BBB. After analyzing them thoroughly, we found that people love their quick-selling timeline. Whereas, some criticize them for their lowball cash offers.

When to Sell to Them?

You can sell your home to I Buy SD in various situations like:

• Foreclosure
• Property inheritance
• Job loss
• Structural damage
• Tenant issues
• Probate
• Relocation

Coverage

I Buy SD has expertise in purchasing houses in San Diego, CA. However, based on their website, they have also bought houses in other areas like Spring Valley, Mira Mesa, Chula Vista, Sherman Heights, Golden Hill, etc.

Although they are San Diego experts, their limited service area could restrict many homeowners from availing their services.

Selling Process

I Buy SD has a straightforward selling process. You need to follow these steps:

• Contact Them: Connect with I Buy SD by filling out the website form or by dialing the number mentioned on their website.
• Meet With the Evaluation Expert: After you contact them, meet with the evaluation expert for a free home assessment. They will go through your home’s condition and extend a fair cash offer.
• Review the Cash Offer: Review the presented cash offer and read the terms and conditions thoroughly to avoid any discrepancies later on.
• Choose Your Closing Date: Post reviewing the offer, close within 7 days or on your desired date.

🌟 Get Instant Cash Offer: While most cash buyers take an average of two days to extends a cash offer, I Buy SD extends an instant cash offer for you to review. They are one of the fastest cash buyers in San Diego, California, USA.

Payout: What To Expect

I Buy SD pays you based on the ARV of your home. ARV is the after-repair value of your home. It is found by adding the amount of needed renovations to the current value of your property. Typically, cash buyers who pay using ARV use the following formula:

Maximum Cash Offer= ARV*0.7 – Repair Costs

For example, if your home’s after-repair value is $400,000 and the repair costs needed to get to this value are $20,000. In this case, the maximum cash offer that you would receive is $260,000.

» 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.

🌟Pay No Costs: You don’t pay closing costs, repair costs, and commissions when selling to GG Homes I Buy SD.

I Buy SD: Reviews and Ratings

I Buy SD has 4.8 stars out of 5 across 359 Google reviews. Furthermore, they have a solid 4.9 out of 5 stars on BBB based on 132 customer reviews.

I Buy SD Reviews: Praises

✅ Krystle B found I Buy SD’s staff professional and easy to deal with. She was able to sell her property as-is, with no repairs needed as promised by the company.

✅ Edwin Collins was able to sell their condo fast with I Buy SD. They appreciate the transparent and smooth selling process of the company.

I Buy SD Reviews: Negatives

❌ Amin Salmani received a lowball cash offer from I Buy SD. He says selling on the MLS is a much better option for those looking for the best possible deal.

❌ Mary Canady is agitated with spam calls by I Buy SD. She says that the company did not stop calling her even after repeated complaints.

Pros and Cons

Here are the pros and cons of GG Homes I Buy SD:

👍Pros

• Buy Houses As-Is: I Buy SD purchases homes as is. So, even if your property faces foreclosure or needs heavy repairs, you will get a cash offer.
• Quick Closing: I Buy SD lets you close in as little as a week. However, their timeline is flexible, and they can close on a date suitable to you.
• Pay No Costs: You need not pay any repair and closing costs when selling to I Buy SD. This means you could get more of what they will offer for your home.
• No Obligation Offer: You do not have to accept the cash offer if you don’t agree to the extended price and terms of sale. You can simply choose to withdraw from the deal.

👎Cons

• Lowball Cash Offers: I Buy SD is a house flipper. They might view your house as an investment opportunity. So, your offer price may be much lower than the market price of your property.
• Little Scope for Negotiation: With cash home buyers like I Buy SD, you might not be able to negotiate the cash offer.
• Limited Coverage: I Buy SD offers services only in some California cities and neighborhoods.

Competitors

» Jump to: I Buy SD vs. Houzeo | I Buy SD vs. We Buy Houses | I Buy SD vs. vs Opendoor

I Buy SD has some competitors. We have selected them based on 3 metrics- sale price, coverage, and home eligibility criteria.

1. Sale Price: I Buy SD vs. Houzeo

I Buy SD is a cash buyer. They buy houses in as-is condition. Moreover, they close in as little as 7 days. As a result of their as-is purchase policy and fast closing process, you might get just 50% – 70% of your home’s value.

On the other hand, Houzeo is a cash-buyer marketplace. Marketplaces attract multiple buyers from all over the US. As a result, your chances of securing a top-dollar deal increase. You might get up to 100% of your home’s FMV with Houzeo.

2. Coverage: I Buy SD vs. We Buy Houses

I Buy SD provides services only in San Diego and some other neighborhoods. As a result, many home sellers might not be able to avail of their services.

On the other hand, We Buy Houses is a well-known cash buyer that works in collaboration with investors. They have nationwide coverage. So, you can sell to them from wherever you want. However, they do not have many reviews on credible websites.

3. Home Eligibility Criteria: I Buy SD vs. Opendoor

I Buy SD is a flexible buyer that purchases all kinds of properties in as-is condition. They do not ask you to repair your house before the sale.

Opendoor is one of the largest iBuyers in the US. They offer around 70% – 80% of your home’s FMV. However, not everyone can sell to them – they have strict home eligibility criteria.

“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.

Best Alternatives

Even if you want to sell your house fast for cash, look for some alternatives better than HomeGo.com. We’ve listed three below:

• 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 must 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%.

I Buy SD Reviews: Should You Sell to Them?

Yes, you should consider selling to I Buy SD if you want to sell as fast as possible. They wire your funds to your account just after closing. As a result, you could also get fast cash for your property.

However, like most cash buyers, you could get around 50% – 70% of your home’s value. This value might not be appealing to homeowners having decent homes.

Therefore, we recommend to sell your home using a cash buyer marketplace. Your home gets wide exposure on the marketplace. As a result, you could fetch the highest possible deal for your home. Houzeo stands at the top in this category.

» Houzeo Reviews: Still not convinced? Read what 7,800+ customers have to say about Houzeo.

 

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