✏️ 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.
Direct Home Buyers is a cash home buying company. They extend all-cash offers on distressed properties with various defects.
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Pros
- Direct Home Buyers can give you cash offers in 24 to 48 hours
- They don't charge any service fees
Cons
- Direct Home Buyers give you just 50% to 70% of your home's FMV
- You may not be able to negotiate a better deal for your home
Direct Home Buyers extend cash offers on homes as-is. They provide quick closing timelines for sellers who don’t have money or time to spare.
Usually cash buyers make offers between 50% – 70% of your home’s FMV. Expect a similar payout with dhbinvestments.com.
An MLS listing on a cash buyer marketplace like Houzeo can get you 100% of your property’s value. With Houzeo, your listing can be on the MLS within 24 hours. Moreover, you can compare offers from multiple national and local cash buyers, instead of settling for just one lowball offer.
In this blog, let’s look at Direct Home Buyers reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: You can offload your distressed property easily with Direct Home Buyers. Unlike iBuyers, they don’t have strict eligibility criteria.
- Cons: Direct Home Buyers typically purchases homes for 50% to 70% of their Fair Market Value (FMV). You cannot negotiate a higher offer and have to lose out on your equity.
- Our Take: We don’t recommend Direct 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. Direct Home Buyers.
What is Direct Home Buyers?
Direct Home Buyers is a company offering cash for homes. They buy houses as is, repair the properties, and sell them for a profit.
Direct Home Buyers claims that if you sell your property with them they will give you a cash offer in 24 hours. So, you save on repairs, showings, and commissions.
Direct Home Buyers vs. Houzeo
Selling your house to Direct 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 gives you wide exposure to multiple cash buyers. You can use Houzeo’s cutting-edge technology to compare offers and request the highest and best one.
| Direct Home Buyers | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 3.8 stars (2 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 7 to 45 days | 2 to 60 days |
| Fees/Commissions | ❌ | $379 |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
Direct Home Buyers: Pros and Cons
Direct Home Buyers is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅Direct Home Buyers Pros
- Buy As Is Houses: Direct Home Buyers purchases houses as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
- Fast Cash Offer: Direct Home Buyers is known for extending cash offer with 24 hours. So, you can get quick cash in hand if you’re in a hurry.
- Quick Closing: Direct Home Buyers reviews say they close in 7-45 days. They also have a flexible timeline and can close on a date suitable to you.
- No Service Fees: This cash buyer doesn’t charge any service fee when you sell your house to them. You save money while enjoying the convenience of a quick sale.
⛔ Direct Home Buyers Cons
- Lowball Cash Offers: Your cash offer could be just 50% to 70% of your home’s market value.
- Little to No Scope for Negotiation: With cash home buyers like Direct Home Buyers, you don’t 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: This cash buyer caters to home sellers in Metro Detroit, Michigan.
» 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.
Best Alternatives to Direct Home Buyers
Even if you want to sell your house fast for cash, look for some alternatives better than Direct Home Buyers. We’ve listed three below:
1. 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.
So, why settle for just one offer when you have the pick of the lot with this Flat Fee listing service?
2. 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.
3. 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.
Should You Sell Your House to Direct Home Buyers?
No, we do not recommend dhbinvestments.com to sell your home. Their extremely lowball offers may deprive you of your hard-earned money.
But, if you’re primary goal is to get a fast cash offer for your home, only then opt for Direct Home Buyers. Know that your property gets exposure only 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: Still not convinced? Read what others have to say about Houzeo.
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Frequently Asked Questions About Direct Home Buyers
1. Is Direct Home Buyers legitimate?
Yes, Direct Home Buyers is a legitimate company. They have been buying homes for cash since 2018.
2. How much money will Direct Home Buyers offer for my property?
Direct Home Buyers reviews highlight that the company uses the 70% rule when determining their cash offers. So, they'll only pay 70% of your home's market value. You can gain up to 100% of the market value by listing your property on a cash buyer marketplace like Houzeo.
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