✏️ 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.
Professional Home Buyers is a cash-for-homes company. They purchase houses as is in Wichita, Kansas. They are a great option for sellers who want to off-load their property fast.
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Pros
- Professional Home Buyers can give you a cash offer in 24 to 72 hours.
- They have a flexible closing timeline.
Cons
- Professional Home Buyers extends offers that are just 50% to 70% of your home's fair market value.
- This cash buyer has a limited coverage area.
- There is little to no opportunity to negotiate offers.
Professional Home Buyer is a local cash-buyer company that operates in Wichita, Kansas. You can sell your home as is to them. They can close within 7 days. In addition, you get the convenience of choosing your preferred moving date.
Professional Home Buyers sells updated homes to buyers and offers a Rent 2 Own option for individuals who may not qualify for traditional financing. Furthermore, investors can choose from a large pool of properties displayed on their website.
Cash buyers like Professional Home Buyers typically adhere to the 50% to 70% rule. This means they offer 50% to 70% of your property’s fair market value. Although the company doesn’t disclose anything about their offer amount, they likely follow a similar trend.
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✍️ Editor’s Take: We recommend you list your property on the MLS via Houzeo. With Houzeo you can get cash offers from multiple national and local cash buyers. So, you do not have to settle for just one offer. Compare Professional Home Buyer vs. Houzeo.
Is Professional Home Buyers Legit?
Yes, Professional Home Buyers is a legitimate cash-for-homes company. It was founded by Tony Javier in 2001 who is also serving as the CEO. Professional Home Buyers has their headquarters in Wichita, Kansas. They are not BBB accredited.
Types of Properties Professional Home Buyers Purchases
As per Professional Home Buyers’ website, they purchase all types of properties. However, they haven’t clearly mentioned it on their website.
You can sell distressed properties to Professional Home Buyers. They also purchase inherited properties and houses with tiresome tenants.
Professional Home Buyers Coverage
Professional Home Buyers purchases properties in Wichita and the surrounding areas of Kansas.
How Does Professional Home Buyers Work?
You can call them on the number given on their website or follow these steps to get an offer:
- Contact Professional Home Buyers: Request an offer estimate by filling out a form on prohomebuyer.com. You need to provide the property address, your name, and contact information.
- Evaluation With Their Representative: Their team will contact you to discuss the details of your property.
- Get Offer: They extend a no-obligation cash offer within 24 hours. If you do not like the offer, you can walk away.
- Close on the Home: If you accept the offer, you can close on the house within 7 days.
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✍️ Take Note: Professional Home Buyers doesn’t disclose whether they visit your property or extend offers based on the discussion. We advise you to clarify such important details in advance to avoid any potential discrepancies after accepting the offer.
How Much Does Professional Home Buyers Pay?
Usually, cash buyers like Professional Home Buyers pay 50% to 70% of your home’s market value. For a $450,000 home, the offer could range between $225,000 and $315,000.
The cash offer also depends on the condition of your house or your financial situation. In addition, market conditions and local real estate trends also impact your offer.
» 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.
Professional Home Buyers Reviews
Professional Home Buyers has a 4.6 out of 5-star rating on Google based on 138 reviews.
Several customer reviews highlight their professionalism and have lauded Professional Home Buyers’ staff. On the other hand, their complaints highlight below-market-value cash offers.
Professional Home Buyers Positive Reviews
✅ Dana mentioned that Tina from Professional Home Buyers provided a fair offer on her house. Further, she said the deal closed within 2 weeks, with Jackie keeping them informed throughout the process.
Professional Home Buyers came over and looked at the house in the morning and had us a very fair offer that same day. The deal was made and we closed on the house in about two weeks. Jackie kept us informed of what was happening every step of the way. Everything was handled in a very professional manner and we couldn’t have asked for a more pleasant selling experience…
Source: Google
✅ Crystal praised Tina for being prompt. She recommends PHB if someone wants to sell their home quickly for cash.
HIGHLY RECOMMEND Professional Home Buyers! The entire process is so smooth! Tina has been prompt with communication and very knowledgeable. Definitely suggest using PHB if you want to sell your home quick for cash!
Source: Google
Professional Home Buyers Negative Reviews
❌ Destany expressed dissatisfaction with the company’s service. She mentioned that Professional Home Buyers initially committed to buying their house but ultimately backed out after two weeks.
They told us they would buy our house. And after two weeks of wasting our time backed out of it. If you want something quick and easy they are definitely not the company to go through. We are definitely dissatisfied.
Source: Google
❌ Rhino expressed refusal to engage in business with PHB. He was not happy with the cash offer made by the company.
Their offer… Pay PHB $10k to take it off my hands. I will not do business with this company!!! Zero Stars
Source: Google
Professional Home Buyers Reviews: Pros and Cons
Here are some pros and cons of Professional Home Buyers:
👍 Pros
- Quick Sale: Professional Home Buyers can be a good option if you need to sell your house fast. The closing time is typically a week.
- Buy Houses As-Is: With Professional Home Buyers, you can sell a home even if your property faces foreclosure or needs heavy repairs.
- No Third-Party Contingencies: There are no banks, inspectors, mortgage lenders, or other third parties involved to drag out the closing process.
- Closing Date: You don’t have to rush after accepting your offer. Professional Home Buyers allows you to choose a closing date at your convenience.
👎 Cons
- Low Offer Price: The offer price might be 50% to 70% of your home’s worth.
- No Scope for Negotiation: With Professional Home Buyers, you don’t have room to negotiate your cash offer. You can either accept what they offer or walk away.
- Limited Coverage: Professional Home Buyers is only available in Wichita and the surrounding areas of Kansas.
Professional Home Buyers Competitors
» Jump to: Professional Home Buyers vs. Houzeo | Professional Home Buyers vs. Opendoor | Professional Home Buyers vs. HomeVestors
1.Professional Home Buyers vs. Houzeo
Professional Home Buyers’ selling process is quick and easy. However, you get only 1 non-negotiable offer. Whereas, Houzeo acts as a cash buyer marketplace that lists your home on the MLS. A marketplace helps you attract top cash buyers like Opendoor and Offerpad. So, you can negotiate a better deal.
Moreover, an MLS listing via Houzeo helps you market your property to a wide pool of buyers. You can get an offer closer to the FMV of your home.
| Professional Home Buyers | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.6 stars (138 reviews) | 4.9 stars (7,800+ reviews) |
| Closing Timeline | 7 to 30 days | 2 to 60 days |
| Fees | ❌ | $399 |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
2. Professional Home Buyers vs. Opendoor
Opendoor is an iBuyer. They pay up to 80% of your home’s equity, better than what Professional Home Buyers offers. However, Opendoor deducts a 5% service fee, closing costs, and repair costs from the offer. With Professional Home Buyers, you don’t have to pay these costs.
3. Professional Home Buyers vs. Homevestors
HomeVestors is a network of investors. They purchase properties as is and extend cash offers. Their investors typically offer between 50% to 70% of your home’s value, which is similar to the offers made by Professional Home Buyers.
Professional Home Buyers is only available in Kansas. On the other hand, HomeVestors operates in 47 states and DC. So, if you want to sell in an area where Professional Home Buyers isn’t available, HomeVestors could be a viable alternative.
Companies That Buy Houses for Cash Near Me 🔍
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. As one-third of home buyers pay in cash, you can get 100% FMV of your house in cash by selling FSBO.
- Sell Through a Realtor: Traditional Realtors list your property on the MLS and help you at every step of your 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%.
Should You Sell to Professional Home Buyers?
Professional Home Buyers is a great choice to sell your property in as is condition. They usually close the deal in 7 days, making home sales swift and effective. However, their offers can be below the fair market value.
If getting top dollar for your property is your priority, consider alternative ways. A smart way to get the best cash offer is to list your home on a cash buyer marketplace like Houzeo.
Houzeo provides wide exposure to multiple cash buyers. You can use Houzeo’s dashboard to compare offers and request the best one.
» Houzeo Reviews: Here’s why more than 7,800+ home sellers have rated Houzeo 4.9 stars out of 5.
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Frequently Asked Questions About Professional Home Buyers
Is Professional Home Buyers legit?
Yes, Professional Home Buyers is a legitimate cash-for-homes company founded by Tony Javier in 2001. The company is not accredited by BBB.
How much money will Professional Home Buyers offer for my property?
Based on our research, Professional Home Buyers' offer would probably be between 50% to 70% of your home's market value. This is standard industry practice with most cash buyers.
How to get the best cash offer?
We would recommend you list on a cash buyer marketplace that will provide wide exposure to your property. Moreover, you get offers from multiple cash buyers and can choose the best deal.
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