Myers Home Buyers 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.

Myers Home Buyers is a Texas-based cash buyer. They purchase various types of properties in the US. You get a cash offer within 24 hours with Myers Home Buyers. As a result, you can kick-start the selling process as soon as possible.

Myers Home Buyers lets you close in as little as 7 days or even earlier in some situations. This speedy timeframe not only lets you sell fast but also get quick cash for your property.

However, their fast closing and as-is sale policy could fetch you a lower offer for your property. Like most cash buyers, Myers Home Buyers might pay as per industry standards. They could offer you 50-70% of your home’s value.

If you’re looking for the best deals for your home, sell on a cash buyer marketplace. You get multiple offers for your home on a marketplace. As a result, you are more likely to secure a top-dollar deal even if your home is distressed.

✍️ Editor’s Take: Sell your home using a marketplace like Houzeo. Houzeo will get you on the MLS which attracts multiple cash buyers and investors. Furthermore, Houzeo’s tech-centric platform helps you manage your listing and get the best price. Compare Myers Home Buyers vs. Houzeo.

Is Myers Home Buyers Legit?

Yes, Myers Home Buyers is a legitimate BBB-accredited company founded by Josh DeShong. They have been buying houses since 2008. Based on their website, they have completed 1000+ transactions in North Texas.

Myers Home Buyers collaborate with various banks to provide proof of funds. They also prepare Texas Real Estate Commission contracts for legitimacy purposes.

What Types of Properties Do They Purchase?

Myers Home Buyers has been purchasing various types of properties like single-family homes, apartments, duplexes, townhouses, farms, and even land in various situations like:

• Property inheritance
• Structural damages
• Tenant issues
• Foreclosure

Selling Process

Myers Home Buyers has a straightforward selling process. You need to follow these 4 steps:

• Submit Information: Enter your name, email address, and property details in the website form. You can also contact them via a phone call. You will get an instant offer on this enquiry.
• Schedule an Appointment: Meet the market expert at your home. They will conduct an in-person walk-through to determine the final cash offer.
• Review the Cash Offer: Post inspection, read the terms and conditions after the walk-through to avoid any discrepancies later on.
• Select Your Closing Date: If you choose to accept the presented cash offer, close in as little as 7 days or on your desired date.

🌟 Move Out With Comfort: Myers Home Buyers lets you stay in your home after closing for up to 1 month. They do not charge you any stay-back fees for this convenience.

Coverage

Myers Home Buyers buys homes in Dallas, TX; Fort Worth, TX; Houston, TX; and Tampa, FL. Furthermore, they will extend a cash offer if you’re within 80 miles of one of their locations.

However, if you live outside of these areas, you can still contact them for a solution. They might also refer to someone else in case they can’t help you out.

Payout

Myers Home Buyers considers various factors to calculate their ‘fair cash offer’. Some of these factors are location, condition of the property, cost of needed repairs, and what other similar properties are selling for.

Myers Home Buyers calculates their fair cash offers on the ARV of your home. Like other cash buyers, they use the following calculation method:

Maximum Offer = ARV x 0.7 – Estimated Repair Costs

For example, your property’s after-repair value is $550,000. Moreover, the repair costs needed to get to this value is $10,000. In this case, you can expect an offer of $430,000.

» 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.

Myers Home Buyers: Reviews and Ratings

Myers Home Buyers has a solid 4.6 out of 5 stars based on 163 Google reviews. On the other hand, they have an A+ accreditation on BBB. However, they do not have any reviews on the platform.

Myers Home Buyers: Positive Reviews

✅ Stacy Amaefula loved the professionalism followed at Myers Home Buyers. She appreciates that the company showed her the offer price breakdown to ensure transparency.

✅ Ralph Cooper liked the smooth selling process of the company. They appreciated the agent’s effort as he helped them understand everything from A-Z.

Myers Home Buyers Reviews: Complaints

❌ Brett Boatwright is agitated with the delay in closing he had to face. He does not recommend the company to anyone who wants to sell fast.

❌ Matt Rose did not like the lowball offers they received from the company. They recommend selling to Myers Home Buyers if the house is in a terrible condition.

Pros and Cons

Here are the pros and cons of Myers Home Buyers:

👍Pros

• Close Fast: You can close in as little as 7 days or at your convenience. This can be helpful if you’re on a time crunch and want fast cash.
• Skip Inspections: You don’t have to perform formal inspections and manage multiple showings as in the case of the traditional route.
• Pay No Costs: Myers Home Buyers pay all the closing costs and fees on your behalf. As a result, your net proceeds could be more.
• Sell As-Is: You don’t have to worry about making repairs to your home before selling. Myers Home Buyers purchases homes in as-is condition.

👎 Cons

• Lowball Cash Offers: You might get an offer price based on industry standards i.e. your cash offer could be 50% to 70% of your home’s market value.
• Little to No Scope for Negotiation: With cash home buyers like Myers Home Buyers, you might not have room to negotiate your cash offer. If you still want to try your luck, make sure to back your arguments with proof.
• Limited Coverage: Myers Home Buyers buys homes only in Texas and Florida. Furthermore, they could help you sell only if you are within 80 miles of one of their locations.

Competitor Analysis

» Jump to: Myers Home Buyers vs. Houzeo | Myers Home Buyers vs. Sundae | Myers Home Buyers vs. Largest Home Buyers

We have selected some potential competitors of Myers Home Buyers based on three metrics: sale price, number of cash offers, and coverage.

1. Myers Home Buyers vs. Houzeo

Myers Home Buyers is a cash buyer. So, they might pay for your home as per standard industry practice. This can range anywhere between 50-70% of your home’s value.

On the other hand, Houzeo is a cash-buyer marketplace. They help you sell your home by listing it on the MLS. Your listing gets maximum exposure on the MLS. As a result, you are in a better position to call for the highest and best offers.

2. Myers Home Buyers vs. Sundae

With Myers Home Buyers, you get a single cash offer. Although this is a no-obligation offer, you might not be able to negotiate better deals. As a result, you might have to sacrifice your home’s equity.

Sundae is a cash-buyer marketplace. You get 3 cash offers to choose from with them. So, you are in a better position to choose a decent deal for your home.

3. Myers Home Buyers vs. Largest Home Buyers

Myers Home Buyers has limited coverage. They cover Texas and Florida in the US. Apart from this, they also buy houses up to 80 miles from their locations.

Largest Home Buyers is cash buyer. They cover a much wider area i.e. 50 states in the US. So, you can sell from anywhere you want in the US.

“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%.

Myers Home Buyers Reviews: Should You Sell to Them?

The answer to this question is ‘it depends’. Myers Home Buyers is a good choice if you’re on a time crunch. However, in the end, they are a cash buyer and you cannot expect higher offer from them.

Myers Home Buyers could pay as per industry standards i.e. 50-70% of your home’s value. This means a maximum of $280,000 for a home valued at 400,000. That is a huge $120,000 drop.

If you wish to save on your home sale price, consider selling using a cash buyer marketplace. You get multiple offers on a cash buyer marketplace. As a result, your chances of securing a top-dollar deal increase. Houzeo stands at the top in the marketplace category.

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

 

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