✏️ 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.
Advantage Homebuyers of America caters to homesellers who are on a time crunch or need cash urgently. They buy homes with structural damage, fire damage, inherited properties, etc.
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Pros
- Advantage Homebuyers of America doesn't have strict eligibility criteria for the homes they purchase
- You can get a cash offer in 24 to 72 hours
Cons
- Advantage Homebuyers of America makes offers that are just 50% to 70% of your home's FMV
- They extend 'take-it-or-leave-it-deals'
Advantage Homebuyers of America makes cash offers on homes as-is. They provide a quick closing timeline that helps sellers who need money urgently.
However, when you sell your home to Advantage Homebuyers of America, you’re compromising on the sale price of your home. You are settling for an offer that is just 50% to 70% of 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 Advantage Homebuyers of America reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: You can offload your distressed property easily with Advantage Homebuyers of America. Unlike iBuyers, they don’t have strict eligibility criteria.
- Cons: Advantage Homebuyers of America may extend an offer that is just 50% to 70% of your home’s Fair Market Value. Further, you may not be able to negotiate a higher offer.
- Our Take: We don’t recommend Advantage Homebuyers of America as you won’t get top dollar 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. Advantage Homebuyers of America.
What is Advantage Homebuyers of America?
Advantage Homebuyers of America is a traditional “We Buy Houses for Cash” company. They buy houses as is, repair them, and sell them for a profit.
Advantage Homebuyers of America primarily caters to home sellers who need to sell their properties quickly. Hence, they extend offers on the phone or they can even visit your home and give you the offer in person.
What Types of Properties Does Advantage Homebuyers of America Purchase?
Advantage Homebuyers of America purchases all kinds of homes at a steep discount from distressed sellers. Some of these houses include:
- Inherited properties
- Homes with structural damages
- Rental properties with tiresome tenants
- Houses facing foreclosure
When compared to other cash home buyers, you may be robbed of a huge chunk of money with Advantage Homebuyers of America.
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.
» 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.
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👉 IMPORTANT: Review local housing sales data and determine the Fair Market Value of your property before requesting a cash offer from Advantage Homebuyers of America.
Advantage Homebuyers of America vs. Houzeo
Selling to Advantage Homebuyers of America 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.
| Advantage Homebuyers of America | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 5 stars (94 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 10 to 30 days | 2 to 60 days |
| Fees | ❌ | $379 |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
» Houzeo Reviews: Still not convinced? Read what customers have to say about Houzeo.
Advantage Homebuyers of America: Pros and Cons
Advantage Homebuyers of America is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Advantage Homebuyers of America Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Advantage Homebuyers of America reviews match up to these expectations.
- Buy As Is Houses: This “We Buy Homes Fast” company purchases homes as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
- Quick Closing: Advantage Homebuyers of America reviews say they have a flexible closing timeline. So, you can move out at your convenience.
- 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.
⛔Advantage Homebuyers of America Cons
Advantage Homebuyers of America complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Advantage Homebuyers of America views your house as an investment opportunity. So, your offer price may be much lower than the market price of your property.
- Little to No Scope for Negotiation: With cash home buyers like Advantage Homebuyers of America reviews, 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: This cash buyer caters to home sellers in Virginia.
Best Alternatives to Advantage Homebuyers of America
Even if you want to sell your house fast for cash, look for some alternatives better than Advantage Homebuyers of America. 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.
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Frequently Asked Questions About Advantage Homebuyers of America
1. Is Advantage Homebuyers of America legit?
Yes. Advantage Homebuyers of America is a legitimate company that buys houses for cash in Virginia.
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