In Q2 2024, over 30% of US homes sold for cash. A cash sale means no repairs, no delays, and a quick 7-14 day closing. No wonder Sarasota homeowners ditch repairs and choose cash buyers for a hassle-free sale!
But here’s a downside! Cash buyers offer just 30% to 70% of your home’s Fair Market Value. Don’t stress—just enter a cash buyer marketplace. Here you can receive offers that can reach up to 100% of your home’s value!
Reviews: 5 Top Cash Home Buyers in Sarasota
1. Houzeo.com: Sarasota’s #1 Cash Home Buyer Marketplace
MAX EXPOSURE TO CASH BUYERS
Listing Fee: $199Houzeo is the best option if you’re looking for multiple cash offers. Your MLS listing will be exposed to local and national cash buyers, increasing the number of offers you receive.
- Pricing:
- Silver Plan – $199: 6-month MLS listing, 24 photos.
- Gold Plan – $249: Maximum photos, contract review, seller disclosures, licensed broker assistance.
- Platinum Plan – $299: Everything in Gold with a 12 month listing and virtual full-service with licensed broker.
» Houzeo Reviews: Find out why Houzeo is one of America’s best cash buyer marketplaces.
Houzeo is America’s #1 cash buyer marketplace because of 5 reasons:
- Max Exposure: Houzeo’s packages give you access to the MLS and 100s of websites like Zillow, Realtor.com, Redfin, etc.
- 5-Star Customer Service: Houzeo’s customer service desk is available 6 days a week. Chats and emails are open 7 days a week.
- 100% Online: Houzeo is high-tech. For you, this means easy listing, fast changes, online showings, and online offers.
- No Listing Commission: You’ll pay just a small flat fee to list on MLS. You get to bypass the 3% listing agent commission!
There are no dealbreakers with Houzeo.
» Houzeo Pros and Cons: Read the advantages and disadvantages of choosing Houzeo to sell your home for cash.
Houzeo is rated 4.9 out of 5 stars by thousands of home sellers on Google & Trustpilot.
With Houzeo, you can connect with Sarasota’s best cash home-buying companies and individual investors. You can also get multiple competitive offers for your home. This increased exposure helps you get maximum profit.
2. Florida Cash Home Buyers
LOCAL CASH BUYER
Service Fee: NoneFlorida Cash Home Buyers provides quick cash offers for distressed homes, based on the property’s After Repair Value (ARV). Nonetheless, the offer they make is below market value.
- Typical Offer: You will get 65% to 80% of your home’s Fair Market Value (FMV).
- Eligibility: Florida Cash Home Buyers offer you cash for inherited properties, properties with structural issues, homes facing foreclosure, etc.
- Closing Offer Terms: Florida Cash Home Buyers claims that they can buy your home in as little as 5 days.
- Service Fee: None.
Here are some of the benefits that you get with Florida Cash Home Buyers:
- Fast Cash Offers: Florida Cash Home Buyers provides no-obligation cash offers within 2 days. Many sellers have received offers within hours of submitting their property details on the company’s website.
- Save on Minor Repair Costs: When you sell your house for cash, you don’t incur upfront costs to fix, prepare, or stage your house.
- Statewide Coverage: Florida Cash Home Buyers purchases properties in 100+ markets in the Sunshine State.
- Advance Cash: Florida Cash Home Buyers claim that they can provide you cash advance before closing the deal.
In our research, we have found certain drawbacks of Florida Cash Home Buyers:
- Lowball Cash Offers: The Florida Cash Home Buyers may extend you an offer that is significantly below the your asking price. This is lower than what you could get on the open market.
- Limited Scope for Negotiation: Florida Cash Home Buyers extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
» Florida Cash Home Buyers Pros and Cons: Here are some more pros and cons of Florida Cash Home Buyers that can help you make an informed decision.
Florida Cash Home Buyers has 4.9 stars out of 5 from 200+ reviews on Google Reviews.
Florida Cash Home Buyers offers an easy and cost-effective way to offload your distressed property. If you’re looking for a quick sale and don’t mind leaving almost 30% of your home’s equity on the table, you can consider this cash home buyer.
3. House Heroes
NO HIDDEN FEES
Service Fee: NoneHouse Heroes is a local cash buyer in Florida. They extend quick cash offers within 24 hours after a property assessment.
- Typical Offer: They extend offers that are 30% to 70% of your property’s Fair Market Value.
- No Hidden Fee: House Heroes has no service fees or hidden closing costs.
- Eligible Properties: House Heroes purchases properties in any condition. This includes homes needing repairs, foreclosures, inherited properties, rentals, and those sold due to urgent relocations or divorces.
- Closing Offer Terms: You can choose your preferred closing date.
Here are some of the benefits that you get with House Heroes:
- Quick Offers: You can get a cash offer quickly, often within 24 hours of the property assessment.
- Transparent Pricing: House Heroes has no hidden fees or commissions, ensuring clarity throughout the process.
- Flexible Timeline: With House Heroes, you can sell your house as is and choose your preferred closing date.
In our research, we have found certain drawbacks of House Heroes:
- Lowball Offers: House Heroes may offer you a price that’s 30% to 70% below market value as they factor in the cost of repairs and resale.
- Limited Scope for Negotiation: House Heroes extends “take-it-or-leave-it” offers. You can try to negotiate, but usually, they won’t budge.
- Limited Coverage: This company buys houses only in Florida.
» House Heroes Reviews: Are you getting a fair deal? Find out now.
House Heroes has 5 stars out of 5 with 20+ reviews on Google Reviews.
House Heroes offers a quick and hassle-free solution for selling your home, especially if it’s in poor condition. They provide cash offers within 24-48 hours and can close on the sale in as little as 7 days.
However, House Heroes’ offers are usually below fair market value with little to no negotiation room.
4. ASAP Cash Home Buyers
NATIONWIDE COVERAGE
Service Fee: NoneASAP Cash Home Buyers, founded in 2013, offers quick and hassle-free home sales. It specializes in assisting homeowners who need to sell their property fast for cash.
- Service Fee: None
- Typical Offer: 50% to 70% of the Fair Market Value (FMV)
- Eligible Properties: The company buys properties that have structural issues, have bad mortgage financing, and are located in high-crime areas. They also offer cash for inherited houses and empty lots.
- Closing Offer Terms: You close the deal 3 weeks after accepting the offer. You also have the option to choose a closing date that suits your needs.
👉 Our Take: ASAP Cash Home Buyers is a good choice if you want to save on repair costs. However, you have to settle for a price that’s almost half of the home’s fair market value when you sell as is.
- Nationwide Coverage: The cash home buyer offers its services in all the 50 states of the U.S.
- Flexible Closing Date: You can choose a closing date that works best for you.
- No Hidden Costs: ASAP Cash Home Buyers mention all their fees upfront.
- Purchase of Distressed Home: You can sell your home as-is to save time and help close the deal faster.
- Varying Level of Service: ASAP Cash Home Buyers partners with independent investors nationwide. Therefore, there’s no guarantee that you will work with a knowledgeable and responsive buyer.
- Only Purchase Homes: ASAP Cash Home Buyers does not buy property interests like timeshares, hotels, or rental communities. Thus, if you want to sell other properties, you need to consider other options.
- Limited Negotiation: Since they have a streamlined process, it can result in fixed terms and conditions. This means you have less opportunity to negotiate on the offered price.
ASAP Cash Home Buyers has a rating of 4.8 out of 5 stars with 40+ reviews on Google.
» ASAP Cash Home Buyer Review: Read our in-depth analysis.
ASAP Cash Home Buyers was founded in Fort Lauderdale, FL. They are a group of real estate professionals with over a decade of experience. They don’t charge a closing fee and can buy your Sarasota house in 7-28 days.
5. Investment Capital Home Buyers
POPULAR CASH HOME BUYER
Service Fees: NoneInvestment Capital Home Buyers is a real estate solutions company and local cash home buyers in Florida. They have 15+ years of experience in the real estate market as cash home buyers.
- Service Fee: None
- Typical Offer: 50% to 70% of Fair Market Value (FMV)
- Eligible Properties: They buy distressed properties with structural issues, condemned properties, bad mortgage financing, inherited houses, houses facing foreclosures, etc.
- Closing Offer terms: Investment Capital Home Buyers offer flexible closing within 7 to 30 days.
👉 Our Take: Investment Capital Home Buyers is a good option for home sellers who want to sell their house quickly for cash in as-is condition in Florida. However, they don’t have many reviews, so you’ll need to do your research before going ahead with them.
- Quick Cash Offers: Investment Capital Home Buyers makes fair, no-obligation all-cash offers within 24 hours.
- Flexible and Fast Closing: As an owner, you can decide upon the closing date. Once you accept their offer, they close within 7 to 14 days.
- Good Local Coverage: Investment Capital Home Buyers offer its services throughout the state of Florida.
- Zero Service Fees: No service fees, no commissions, and no closing costs.
- Sell As-Is: You save on repair costs and can sell your house as-is. However, the house shouldn’t be so damaged that it requires a major rebuild.
- Lowball Cash Offers: Investment Capital Home Buyers may put in lowball cash offers of around 50% to 70% of the fair market value. This is lower than what you can get on the open market.
- Not Many Reviews: Investment Capital Home Buyers has only 8 reviews despite being in the local market for a long time.
Investment Capital Home Buyers has 4.5 out of 5 stars with 8 reviews on Google.
» Investment Capital Home Buyers Reviews: Read our in-depth review on Investment Capital Home Buyers.
Investment Capital Home Buyers is a family-owned, local real estate solution company. Founded by Reuben Garcia, they are cash home buyers with over 15 years of experience in the Sarasota real estate market.
They specialize in buying distressed properties like homes facing foreclosure and the sale of unwanted inherited properties. However, they have very less reviews even after so many years in the field.
Are Companies That Buy Houses for Cash in Sarasota Legit?
Yes, companies that buy houses for cash are legitimate and operate legally nationwide. In fact, the National Association of Realtors (NAR) validates cash buyers in the Circus City. However, be sure to read company reviews and seller testimonials to find a legitimate cash buyer.
3 Types of Companies That Buy Homes in Sarasota
- We Buy Houses for Cash Companies: Cash buyers like HomeVestors and House Heroes purchase distressed homes, typically paying 30% to 70% of their FMV.
- iBuyers: iBuyers, such as Offerpad, provide instant cash offers between 70% and 80% of the FMV. They have strict eligibility requirements, limiting the types of homes they purchase.
- Home Trade-In Services: Companies like Knock or Orchard offer cash for your home before you move out. This helps you buy your new house without any delay.
4 Steps to Sell Your Home for Cash in Sarasota
Not sure how to sell your home for cash in Sarasota? Just follow these 4 steps:
- Find a Cash Home Buyer: Research all local companies buying houses for cash and opt for one with great client testimonials.
- Request an Offer: Once you’ve selected a cash buyer, request an offer on their website. You’ll have to provide information like the property type, number of rooms, asking price, etc.
- Schedule a Home Visit: A company representative will then inspect your house. The final cash offer will be based on the outcome of this inspection.
- Close the Deal: If you’re happy with the offer, finalize the deal. Remember to get all the paperwork for selling a house without a Realtor verified by a real estate attorney.
How Much Do Cash Buyers in Sarasota Pay?
Sarasota cash house buyers usually offer between 30% to 70% of a home’s After-Repair Value. However, it depends on factors like the company you’re selling to, their service fees, etc. Here’s how the After-Repair Value is calculated:
After-Repair Value (ARV) = Property Purchase Price (PPP) + Cost of Repairs (COR)
Imagine if you were selling your $550,000 home in Sarasota. With a traditional cash home buyer, you could get just $385,000. But on a cash buyer marketplace like Houzeo, you could get multiple offers, potentially driving your sale price to 100% of its FMV.
| Service Provider | Service Fee | ARV Estimate | Actual Offer |
| Cash Buyer | None | 70% | $385,000 |
| iBuyer | 5% | 80% | $440,000 |
| Houzeo | $199* | Up to 100% | $549,801 |
» Houzeo Reviews: Find out why Houzeo is Sarasota’s best cash buyer marketplace.
Pros and Cons of Cash Home Buyers in Sarasota
Given that more sellers are opting for companies that buy houses for cash in Sarasota, here are some pros and cons you must consider before you sell with them:
✅ Pros
- Fast Cash Offers: “We Buy Houses for Cash” companies extend offers within 24-48 hours.
- Flexible Closing: Cash buyers in Sarasota close quickly and on your timeline. So you can sell your home anywhere between 7 days to 30 days.
- No Repair Costs: Most cash buyers purchase properties as-is. This eliminates the need for repairs, saving thousands of dollars.
❌ Cons
- Lowball Cash Offers: Sarasota cash house buyers typically pay only 30% to 70% of a home’s FMV. So you leave a significant amount of your home’s equity on the table.
- Non-Negotiable Deals: Such cash offers are usually take-it-or-leave-it. There’s little to no room for negotiation, which limits your ability to secure a better offer.
- Possible Closing Costs: Some cash buyers might force you to pay seller closing costs in Florida. Always check the terms, or you could be out 6.25% to 9%!
Common “We Buy Houses for Cash” Scams 🚩
If any Sarasota cash home buyer extends an offer that seems to-good-to-be-true, it probably is. Stay alert, and don’t fall victim to the following scams.
- Bait-and-Switch Offers: Scammers present appealing offers and then change them later, hoping you’ll accept out of desperation. Always verify the terms before you sell your house for cash or accept an offer.
- Deed Fraud: Fraudsters can sell or mortgage your home without your consent using fake documents. Check customer testimonials and online reviews before you select a cash buyer.
- Loan-Flipping Scams: Some scammers may pressure you to sell your home fast for cash by offering loans that drain your equity. Always consult a trusted advisor before agreeing to any cash offer.
- Email Phishing: Scammers send fraudulent emails pretending to be agents, title companies, or lenders. They trick you into wiring money or providing personal details for fake services. Always confirm the authenticity of any cash offer for a home via a phone call.
» We Buy Houses Ripoff: Learn how to avoid falling victim to the scam.
Alternatives to Companies That Buy Houses for Cash in Sarasota
- Flat Fee MLS Services: You can get up to 100% of your home’s FMV with a Florida Flat Fee MLS listing service. Your home is visible to multiple cash buyers, increasing your offers.
- For Sale By Owner: In a FSBO sale, you’ll have to opt for “DIY” marketing strategies like using yard signs, word of mouth, open houses, etc. Florida FSBO websites also limit your home’s exposure, which lowers your home sale price.
- Full-Service Realtors: They provide various services from listing to closing, but charge a hefty 5% to 6% commission.
- Discount Real Estate Brokers: They offer services like contract review and negotiation for a lower fee than traditional agents. Discount brokers in Sarasota charge between 0.5% to 2.5% as commission.
Should You Sell to Cash Home Buyers in Sarasota?
Yes, you can sell to cash buyers. But say goodbye to 30% to 70% of your home’s equity. That’s the price you pay for a quick sale. On the other hand, on a cash buyer marketplace, you can get multiple offers, sell fast, and potentially keep more money.
