✏️ 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.
Cash Offer Kentucky is a cash home buyer that makes offers on distressed properties as is. They cater to sellers who are on a strict timeline.
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Pros
- You save thousands of dollars otherwise spent on repairs
- Cash Offer Kentucky doesn't charge any service fees
Cons
- You get just 50% to 70% of your home's value
- They leave you with very little scope for negotiation
Cash Offer Kentucky is a traditional “We Buy Houses for Cash Company”. They help sellers who want either quick cash or a speedy closing. Since they pay cash for houses and don’t have to depend on third-party lenders, they can close on properties in just 14 days.
But this speed comes at a cost. You may have to settle for an offer that is just 50% to 70% of your house’s Fair Market Value.
Instead, we recommend listing and selling your home on a cash buyer marketplace like Houzeo.com. Via the MLS, Houzeo gets you exposure to hundreds of local and national investors. You could attract multiple cash offers, and probably even sell for more than 100% of your property’s fair market value.
Let’s look at Cash Offer Kentucky reviews and alternatives to see if you can get a better deal for your home.
Key Takeaways
- Pros: Cash Offer Kentucky purchases homes as is. So, you skip spending hundreds of dollars on expensive repairs.
- Cons: This cash buyer has a limited coverage area, focusing primarily in Louisville. Further, if you get a lowball offer, you may not be able to negotiate a better deal.
- Our Take: We don’t recommend Cash Offer Kentucky. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Cash Offer Kentucky.
What is Cash Offer Kentucky?
Cash Offer Kentucky is a local home-buying company that lets you offload your distressed property easily. They buy such homes at a discount, fix them up, and then sell them for a profit.
What makes them a popular option is their quick closing timeline. You can get cash for your home in 14 days or less.
What Types of Properties Does Cash Offer Kentucky Purchase?
Cash Offer Kentucky 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 Cash Offer Kentucky.
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 Cash Offer Kentucky.
Cash Offer Kentucky vs. Houzeo
Selling to Cash Offer Kentucky 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.
| Cash Offer Kentucky | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 5 stars (22 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 14 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.
Cash Offer Kentucky: Pros and Cons
Cash Offer Kentucky is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Cash Offer Kentucky Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Cash Offer Kentucky matches 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: Cash Offer Kentucky reviews say they close in as little as two weeks. However, their timeline is flexible, and they can close on a date suitable to you.
⛔ Cash Offer Kentucky Cons
Cash Offer Kentucky complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Cash Offer Kentucky 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 Cash Offer Kentucky, you may not 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 Area: This cash buyer caters primarily to sellers in Louisville, Kentucky.
Best Alternatives to Cash Offer Kentucky
Even if you want to sell your house fast for cash, look for some alternatives better than Cash Offer Kentucky. 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 Cash Offer Kentucky
1. Is Cash Offer Kentucky legit?
Yes, Cash Offer Kentucky is a legitimate company that buys houses for cash in Louisville, KY.
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