✏️ 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.
Connect Home Buyers is a traditional 'We Buy Houses for Cash' company that purchases distressed properties. They offer quick all-cash offers and flexible closing timelines.
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Pros
- Purchase a distressed property in as is condition
- All-cash offer within 4 hours
Cons
- Offers are much lower than market value
- No room for offer negotiation
Connect Home Buyers is a cash home-buying company that purchases distressed houses across the country. They cater to home sellers who need to move quickly or are in need of money urgently.
While Connect Home Buyers gives you a speedy sale, you may have to compromise on the sale price. You could get just 50% to 70% of your property’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 Connect Home Buyers reviews and alternatives to see if you can get a better deal for your home.
Key Takeaways
- Pros: Connect Home Buyers purchases houses as is. So, you don’t have to undertake any expensive repairs before selling your property. This saves you hundreds if not thousands of dollars.
- Cons: This cash buyer may extend lowball offers that could reduce the total sale price of your home. Further, you may not be able to negotiate the offer extended.
- Our Take: We don’t recommend Connect Home Buyers. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Connect Home Buyers.
What is Connect Home Buyers?
Connect Home Buyers is a traditional “We Buy Houses for Cash” company that purchases distressed properties as is. They buy homes at a discount, fix them up, and then sell them for a profit.
Connect Home Buyers usually extends an all-cash offer within 4 hours of contacting the company. They can close on your property in 7 days but are flexible with the timeline. You can choose a date that is convenient, up to 90 days out.
What Types of Properties Does Connect Home Buyers Purchase?
Connect Home Buyers 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 Connect Home Buyers.
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 Connect Home Buyers.
Connect Home Buyers vs. Houzeo
Selling to Connect Home Buyers 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.
| Connect Home Buyers | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.9 stars (30 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 7 to 90 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.
Connect Home Buyers: Pros and Cons
Connect Home Buyers is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Connect Home Buyers Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Connect Home Buyers 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: Connect Home Buyers reviews say they close in as little as a week. However, their timeline is flexible, and they can close on a date suitable to you.
- Nationwide Coverage: This cash buyer offers their services throughout America.
| Regions | States |
| Northeast | Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont |
| Midwest | Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, South Dakota, Wisconsin, Nebraska, North Dakota |
| South | Alabama, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia, Arkansas, District of Columbia |
| West | Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Alaska, Hawaii, Wyoming |
⛔ Connect Home Buyers Cons
Connect Home Buyers complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Connect Home Buyers 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 Connect Home Buyers, 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.
Best Alternatives to Connect Home Buyers
Even if you want to sell your house fast for cash, look for some alternatives better than Connect Home Buyers. 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 Connect Home Buyers
1. Is Connect Home Buyers legit?
Yes, Connect Home Buyers is a legitimate company founded by Brett and Arin Riggins in 2017. They buy houses for cash throughout the country.
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