✏️ 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.
Cava Buys is a local cash home buying company. They help sellers to offload their property quickly. Cava Buys purchase distressed homes and help you save on repair costs.
Editor’s Rating
User Rating
(2 Reviews)
Pros
- Cava Buys gives you a cash offer within 24 to 48 hours.
- They give you a no-obligation cash offer.
Cons
- You get just 50% to 70% of your property's value.
- There is no scope to negotiate your offer.
- They offer services only in 1 state.
Cava Buys is a Richmond, VA based company that offers cash for homes. The company promises to buy your property in any condition even if it needs minor or major upgrades.
As per their website, Cava Buys promises to purchase your house within 7 days. In addition, they allow you to select a closing date based on your timeline.
Cava Buys offers a hassle-free process for selling your house. However, you may not receive full equity of your home. Cash buyers typically extend offers that range between 50%-70% of your home’s fair market value. You can expect a similar offer range with Cava Buys.
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✍️ Editor’s Take: We recommend listing on a cash buyer marketplace like Houzeo. You can get offers from multiple national and local cash buyers with Houzeo. So, you do not have to settle for just one offer. Compare Cava Buys vs. Houzeo.
Is Cava Buys Legit?
Yes, Cava Buys is a legitimate company. Cava Buys is one of the subsidiaries under Cava Companies. Frank Cava, a real estate entrepreneur is the owner of the company.
Cava Companies is BBB accredited and has an A+ rating. However, Cava Buys is not BBB accredited.
Cava Companies was established in the year 2007. It boasts over 100 years of collective experience in Virginia real estate.
Cava Buys Coverage
The company offers services in Richmond, Virginia Beach, Norfolk, Chesterfield, Chesapeake, Charlottesville, and nearby areas in Virginia.
Most home sellers in the USA cannot avail of Cava Buys services due to their limited coverage. On the other hand, Houzeo is available in 47 states + DC.
Properties Cava Buys Purchases
Cava Buys purchases all kinds of homes. Some of these include:
| Inherited properties | Houses facing foreclosure | Single family homes |
| Homes with structural damages | Rentals with tiresome tenants | Probate houses |
| Downsized properties |
How Does Cava Buys Work?
The process of selling with Cava Buys is mentioned below:
- Add Your Property Details: Fill out the online form on cavabuys.com. You will need to provide your contact information and address on their website.
- Schedule Home Inspection: After they receive your information, Cava Buys’ team will evaluate your property.
- Get Cash Offer: They will extend a firm cash offer within 24-48 hours. However, you are under no obligation to accept their offer if it doesn’t suit your needs.
- Close the Sale: If you accept the cash offer, they will arrange a cash transaction. You can pick a closing date of your choice and complete the sale.
How Much Does Cava Buys Pay?
Cava Buys evaluates its cash offer by considering your home’s value and current market conditions. However, they don’t specify the exact amount they pay. It differs on a case-by-case basis.
Generally, companies such as Cava Buys typically make offers between 50% to 70% of your home’s equity. For example: If the fair market value of your property is $300,000, your cash offer could range between:
- Lowest Offer (50%): $300,000 * 0.50 = $150,000
- Highest Offer (70%): $300,000 * 0.70 = $210,000
This cash offer from Cava Buys is an apt choice if you want to offload your property quickly. However, if you want a higher return, you can explore alternative companies.
» 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.
Cava Buys Reviews
Cava Buys has a 4.3 out of 5-star rating on Google based on 13 reviews.
Several customer reviews highlight their professionalism and have lauded Cava Buys’ staff. However, their complaints highlight their below market value cash offers.
Cava Buys Reviews: Praises
✅ Matt praised Cava Buys team’s dedication towards their clients and meticulous attention to detail.
Cava Home Buyers is a phenomenal company to work with. Their team takes care of their clients and pays attention to the details. Their expertise and experience allows them to truly reach the best solution for their clients. I would highly recommend using Cava Home Buyers for any of your Real Estate needs!
Source: Google
✅ Georgette expressed gratitude and satisfaction with the assistance provided by Cava Buys staff.
Kristina helped me when I had been let down by so many others. She was professional and made the transaction super fast and easy. I had lost faith that I would ever be able to get my house sold. She did it lightning fast and kept me informed at all times to put my mind at ease. Would highly recommend!!!!
Source: Google
Cava Buys Reviews: Complaints
❌ Peggy expressed disappointment with Cava Buys. She mentioned a significant reduction in the offered price after initial agreements.
I had to give them a start but they don’t deserve one. We were not the only victims of CAVA Buys shady practice. After talking with Frank Cava himself he then offered us $35 thousand less than the original offer, it was their normal practice we heard. Please just walk away from CAVA Buys!!!
Source: Google
Cava Buys: Pros and Cons
Let’s evaluate the pros and cons of Cava Buys:
✅ Cava Buys Pros
- Buy As-Is Houses: Cava Buys purchases homes as-is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
- Fast Cash Offer: Cava Buys is known for extending cash offers within 24 hours. So, you can get cash in hand if you’re in a hurry.
- Quick Closing: Cava Buys promises to close in as little as 7 days. They also have a flexible timeline and can close on a date suitable to you.
- No Service Fees: They do not charge any service fee. You can enjoy a quick sale through Cava Buys without any additional costs.
⛔ Cava Buys Cons
- Lowball Cash Offers: With Cava Buys you are likely to get an offer that would be below fair market value.
- Little to No Scope for Negotiation: With cash home buyers like Cava Buys, you don’t have room to negotiate your cash offer.
- Limited Coverage: Cava Buys offers services only in Virginia.
Cava Buys Competitors
» Jump to: Cava Buys vs. Houzeo | Cava Buys vs. Offerpad | Cava Buys vs. HomeVestors
1. Cava Buys vs. Houzeo
Cava Buys offers a swift cash offer and ensures a stress-free selling experience. Nonetheless, the offer you receive may not reflect your home’s equity accurately.
Instead, list your property on a cash buyer marketplace like Houzeo. With Houzeo, your property gets exposure to multiple cash buyers. Additionally, their tech centric platform allows you to manage offers efficiently.
| Cava Buys | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.3 stars (13 reviews) | 4.9 stars (7,000+ reviews) |
| Closing Timeline | 7 to 14 days | 2 to 60 days |
| Fees/Commissions | ❌ | $399 |
| Multiple Offers | ❌ | ✅ |
| Scope for Negotiation | ❌ | ✅ |
| Compare Offers | ❌ | ✅ |
2. Cava Buys vs. Offerpad
Cava Buys purchases your property in as-is condition. Additionally, they do not charge any fees. Moreover, with Cava Buys you will get 50% to 70% of your home’s equity.
Offerpad charges a 6% service fee. Usually, iBuyers offer around 70% to 80% of your home’s equity. However, Offerpad has stringent criteria for the properties they buy. Before selling to an iBuyer, you will have to go through their eligibility criteria.
3. Cava Buys vs. HomeVestors
Cava Buys also has a similar business model to HomeVestors. With both the companies, you can expect a cash offer around 50% to 70% of your home’s value. However, they both vary on two conditions i.e. coverage and closing timeline.
Cava Buys is a company that is available only in 1 state. Whereas, HomeVestors have near-nationwide coverage. HomeVestors closes the deal in 3 weeks. While Cava Buys promises to close in as little as 7 days.
“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%.
Should You Sell Your House to Cava Buys?
Cava Buys is a good option for home sellers who are in need of urgent cash. However, it’s important to note that they typically offer 50% to 70% of your home’s equity. Additionally, their services are limited to Virginia.
If your primary goal is to get a fast cash offer, then you can opt for Cava Buys. But, your property gets exposure from one firm.
In contrast, when you list on a cash buyer marketplace like Houzeo.com, your property gets exposure from nationwide cash home buyers. You can get multiple offers and maybe even top dollar for your property when you list on MLS.
» Houzeo Reviews: Here’s why 7,000+ home sellers have rated Houzeo 4.9 stars out of 5 on Google and Trustpilot.
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Frequently Asked Questions
Is Cava Buys legitimate?
Yes, Cava Buys is a legitimate cash home buying company. Frank Cava is the owner of Cava Buys. They have been buying homes for cash in Virginia since 2007. To know more click here.
How much money will Cava Buys offer for my property?
Based on our research, Cava Buys's offer would probably be between 50% to 70% of your home's market value. This is standard industry practice with most cash buyer. To learn more about their offers click here.
Can you negotiate with Cava Buys?
No, the lack of room for negotiation is one of the few disadvantages of Cava Buys. The cash offer is a "take-it-or-leave-it deal". However, you are under no obligation to accept it.
Reviews
(2 Reviews)
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O Johnson
Verified Reviewer
10th Nov 2023
CAVA has been the worst experience of having to sell a house we have ever experienced. It has been months and the house has not sold. They are marketing the house through a realtor and that is not what we asked for and now refusing to give a contract release. They are unprofessional and not trustworthy.
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Peggy
Verified Reviewer
14th Nov 2023
They are the worst! Negotiated a reasonable price for our home. Signed a contract with Rob. We were told you don’t have to do anything, just pack and go. Don’t fix, paint or repair anything. We were told they would come by and power wash the house put mulch in the flower beds, neither happened. They told us we needed to remove personal items. When we asked about our cash offer they told us we could not get it until they sold the house, not in the contract! After a few calls they released our contract. The house was not good enough for them to make money. This took them 2 1/2 months and left us in a very bad situation. Horrible company
