Andrew The Home Buyer Reviews: Do They Make Home Sale Easy?

✏️ 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.

Andrew The Home Buyer is a cash home-buying company. They are headquartered in Mesa, Arizona. The company specializes in buying houses in any condition. This eliminates the need to invest time and effort in home repairs or renovations.

As per Andrew’s website, they give you a free no-obligation cash offer. You can close the deal within 7 days or on your preferred date. Alternatively, you have the option to stay in the house for up to 30 days after closing without paying rent.

Even though they promise a quick sale of your property, Andrew The Home Buyer may not offer FMV for your house. If you want to avoid losing out on your home’s equity, a cash buyer marketplace is a perfect alternative.

✍️ Editor’s Take: We recommend Houzeo over Andrew The Home Buyer. On Houzeo you will get multiple cash offers and do not need to settle for one lowball offer. Moreover, you can compare offers from multiple national and local cash buyers. Compare Andrew The Home Buyer vs. Houzeo.

Is Andrew the Home Buyer Legit?

Yes, Andrew The Home Buyer is a legitimate cash buyer company. The company was co-founded by Andrew Draayer. They have over 15 years of experience in the real estate space.

Andrew The Home Buyer is BBB accredited and holds an A rating. The company has purchased more than 800 properties in the Phoenix, Arizona area. However, their coverage is limited to three states only.

Andrew the Home Buyer Coverage

Andrew the Home Buyer offers services in 3 states.

Properties Andrew the Home Buyer Purchases?

Andrew the Home Buyer purchases all kinds of homes. Some of these houses include:

• Inherited properties
• Homes with structural damages
• Rental properties with tiresome tenants
• Houses facing foreclosure
• Homes with difficult tenants

How Does Andrew the Home Buyer Work?

The process of selling with Andrew the Home Buyer is not clearly mentioned on their website. From what we understand, you need to fill out an online form or call the number given on their website.

Following this a representative from Andrew the Home Buyer will visit your property. They will give you a cash offer on the spot. If you accept the offer then you can close within 7 days.

According to a recent ATHB TV Commercial, they promise to close on your home within 5 days. This is a good option if you want to sell your house fast. After you close with them you can live in your home rent-free for up to 30 days.

How Much Does Andrew the Home Buyer Pay?

Andrew the Home Buyer, just like any other cash buyer will extend a lowball cash offer on your home.

For example: If the fair market value (FMV) of your property is $300,000. A cash offer company, like Andrew the Home Buyer, might make an offer that ranges from 50% to 70% of the FMV.

• Lowest Offer (50%): $300,000 * 0.50 = $150,000
• Highest Offer (70%): $300,000 * 0.70 = $210,000

This cash offer is beneficial if you’re on a time crunch. However, if you believe your home is worth more equity, there are alternative companies that may provide better offers.

» 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.

Andrew the Home Buyer Reviews

Andrew the Home Buyer company has a 4.6 out of 5-star rating on Google based on 130 reviews. In addition, on BBB it has 4.6 out of 5-star rating based on 56 customer reviews.

Several customer reviews highlight their professionalism and have lauded co-founder Andrew’s easy-to-connect-with nature. On the other hand, Andrew the Homebuyer’s complaints highlight their lowball cash offers.

Andrew the Home Buyer Reviews: Praises

✅ Madison appreciated Andrew’s personable and easy-to-connect-with nature. She was satisfied with the company’s service and Andrew’s friendly approach.

✅ John had a positive experience with Andrew, stating that he offered a fair price for the property. He also appreciated the additional benefit of being allowed to stay in the house for 30 days at no charge.

Andrew the Home Buyer Reviews: Complaints

❌ Kendall had a negative experience with Andrew The Home Buyer. He alleged that the company engaged in a bait-and-switch tactic, promising one amount but attempting to lower it by $10,000 just two days before closing.

❌ Victor expressed dissatisfaction with the company’s staff. He mentioned that the company allegedly reduced the offer by more than $50,000 at the last minute.

Andrew the Home Buyer: Pros and Cons

Andrew the Home Buyer is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:

✅ Andrew the Home Buyer Pros

Here are certain advantages of selling your house to Andrew The Home Buyer:

• Buy As Is Houses: Andrew the HomeBuyer company purchases homes as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
• Flexible Closing: Their timeline is flexible. They can close on a date suitable to you.
• Fast Cash Offer: Andrew the Home Buyer is known for extending cash offers within minutes of their visit to your property.
• No Service Fees: They don’t charge any service fee when you sell your house to them.

⛔ Andrew the Home Buyer Cons

Andrew the Home Buyer’s complaints reflect the following disadvantages of the company:

• Lowball Cash Offers: Andrew the Home Buyer’s cash offer may be much lower than the market price of your property.
• No Scope for Negotiation: With cash home buyers like Andrew The Home Buyer, you don’t have room to negotiate your cash offer.
• Lack of Transparency: They don’t mention information about their selling process on their website. Sellers may struggle to find the steps involved in selling their homes.
• Limited Coverage: Their services are limited to only 3 states.

Andrew the HomeBuyer Competitors

» Jump to: Andrew the HomeBuyer vs. Houzeo | Andrew the HomeBuyer vs. Offerpad | Andrew the HomeBuyer vs. HomeVestors

1. Andrew the Home Buyer vs. Houzeo

Andrew the HomeBuyer extends a cash offer to provide a hassle-free home-selling process. However, you get one lowball offer.

On the other hand, a cash marketplace like Houzeo can get you multiple offers. You can also get the most out of your home’s equity. Top cash buyers in the market like Opendoor and HomeVestors also extend offers here. This can create a bidding war and hence you get better offers.

2. Andrew the HomeBuyer vs. Offerpad

Offerpad is an iBuyer and offers a better deal than Andrew the HomeBuyer. They offer around 70% to 80% of your home’s equity.

However, Offerpad has stringent criteria for the properties they purchase. So, if you wish to sell a distressed property it will not go through their eligibility criteria. While Andrew purchases your property as-is.

3. Andrew the Home Buyer vs. HomeVestors

HomeVestors also has a similar business model to Andrew the HomeBuyer. Andrew the HomeBuyer is a fairly local company that is available in 3 states. Whereas, HomeVestors have near-nationwide coverage.

HomeVestors gives cash offers that are around 70% of your home’s after-repair value. Moreover, with HomeVestors, you get a chance to negotiate and secure a better deal.

“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%.

Is Andrew the Home Buyer Worth it?

Yes, Andrew the Home Buyer is a good option to offload your distressed property if you need quick cash. It’s particularly suitable for sellers in Nevada, Utah, or Arizona. However, it’s important to note that you may not get fair market value for your house.

Instead, list your property on a cash buyer marketplace like Houzeo. Houzeo’s platform allows you to compare offers and request the highest and best offer. Moreover, you might attract home buyers who are ready to pay 100% of your home’s value in cash.

» Houzeo Reviews: Check out why more than 6,000 home sellers have rated Houzeo 4.9 stars out of 5 on Google and Trustpilot.

 

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