✏️ 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.
Fast Home Offer is a cash-for-homes investor network company. They don't have strict eligibility criteria when purchasing homes. They help sellers to offload their distressed properties easily and quickly.
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Pros
- Fast Home Offer can close in 7-14 days
- They purchase all types of properties
- They give no-obligation cash offer
- They have nationwide coverage
Cons
- They offer deals that are just 50% to 70% of your home's value
- You may not be able to negotiate your offer with this cash buyer
- They do not have credible reviews
Fast Home Offer is a network of real estate investors that make cash offers on houses. They are a Texas-based company. Fast Home Offer is popular for purchasing homes regardless of their condition, location, or price range.
They provide quick closing timelines to help desperate sellers. Fast Home Offer also has a ‘Short Sale‘ service for home seller. This service is helpful if you are under financial stress.
However, with fasthomeoffer.com you may have to settle for a lowball offer. If you want fair market value on your property, a cash buyer marketplace can attract multiple offers. So, you can pick an offer closest to the FMV of your house.
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✍️ Editor’s Take: We recommend you list on a cash buyer marketplace like Houzeo. Additionally, Houzeo’s tech can help you compare & manage offers from multiple national and local cash buyers. Compare Fast Home Offer vs. Houzeo.
Is Fast Home Offer Legit?
Yes, Fast Home Offer is a legitimate cash buyer. They are BBB accredited. Jeremy Brandt established this company in 2003.
The company has purchased more than 300,000 homes over the past 4 years. Fast Home Offer purchases house in the US, Canada, Mexico, and Australia. Additionally, they also plan to extend their home-buying operations to Europe soon.
It is important to note that Fast Home Offer operate on a franchise model across the USA. Therefore, your experience will depend on the specific investor you collaborate with.
How Does Fast Home Offer Work?
Getting a cash offer from Fast Home Offer is straightforward. A local investor from Fast Home Offer franchise network will make the cash offer on your house. Here’s how you can get your cash offer:
- Fill Out an Online Form: Submit your property details, including the asking price, house type, and more on the Fast Home Offer website.
- Connect With an Investor: A FHO affiliate investor will reach out to you for an initial assessment. They will discuss your situation and any specific preferences you may have.
- Schedule a Visit: Once they receive this data, the investor will schedule a property viewing.
- Get a Cash Offer: After the property viewing, they will present you with a no-obligation cash offer.
- Close the Sale: In case you accept the cash offer, the investor will do the needful. You can close within 7-14 days or on a date of your choice.
If your house is under a mortgage and you find yourself in urgent need of cash. Fast Home Offer also provide a service tailored for such circumstances, known as a short sale.
What is a Short Sale?
A short sale occurs when a property is sold for an amount less than what is owed on the mortgage. According to Fast Home Offer’s website, they are expert in short sales and foreclosure.
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💡Other Resources: Fast Home Offers provide home seller resources, assistance with stopping foreclosure, support for inheritance and probate situations, a mortgage calculator, and a comprehensive real estate glossary.
How Much Does Fast Home Offer Pay?
Fast Home Offer doesn’t mention on their website how much money they offer on a property. Based on our understanding of industry standard the offer will be somewhere around 50% to 70%.
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 is a convenient choice for those looking to quickly sell a distressed property. For sellers prioritizing higher equity, considering alternative companies may be a strategic choice.
» 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.
Fast Home Offer Reviews
Fast Home Offer is a BBB accredited company which is undoubtedly a positive aspect. They have a 3 out of 5-star rating based on 4 reviews. Limited and dated customer feedback makes it difficult to assess the company’s current reputation.
We could not find any relevant fasthomeoffer.com reviews on websites like Google and Yelp.
Fast Home Offer Reviews: Pros and Cons
Here are some pros and cons of Fast Home Offer to see if they are the ideal choice for you.
✅ Fast Home Offer Pros
- Buy As Is Houses: Fast Home Offer 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: fasthomeoffer.com is known for extending quick cash offers. So, you can get quick cash in hand if you’re in a hurry.
- Quick Closing: Fast Home Offer website say they close in as little as two weeks. 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. Enjoy a quick sale through Fast Home Offer without any additional costs.
- Buys All Types of Real Estate: They buy commercial buildings, apartment complexes, condos, town homes, raw land, and mobile homes with land attached.
- Coverage: The company offers services across the United States. In addition, they are also in Canada, Mexico and Australia.
⛔ Fast Home Offer Cons
- Lowball Cash Offers: Your cash offer could be just 50% to 70% of your home’s market value.
- Little Scope for Negotiation: Usually with cash buyers there is no room for negotiation. With Fast Home Offer you work with a local investor. So, negotiating the cash offer will depend on a case-by-case basis.
- No Credible Fast Home Offer Reviews: Fast Home Offer has no credible reviews on popular, trustworthy websites like Google or Yelp.
Fast Home Offer Competitors
» Jump to: Fast Home Offer vs. Houzeo | Fast Home Offer vs. Opendoor | Fast Home Offer vs. Grandview Homes
1. Fast Home Offer vs. Houzeo
When you sell your home to Fast Home Offer you are likely to receive a lowball offer. In addition, negotiations might depend on who you collaborate with i.e. your local investor. To avoid such uncertainty it is better to list on a cash buyer marketplace like Houzeo.
With Houzeo your property gets exposure to multiple cash buyers. You can use Houzeo’s cutting-edge technology to compare offers and request the highest and best one.
| Fast Home Offer | Houzeo | |
|---|---|---|
| Sale Price | Standard cash buyer price (% of ARV) | Up to 100% of FMV |
| Customer Rating | 4.7 stars (150 reviews) | 4.9 stars (7,000+ reviews) |
| Closing Timeline | 5 days | 2 to 60 days |
| Fees/Commissions | ❌ | $399 onwards |
| Compare Offers | ❌ | ✅ |
| Highest and Best Offer | ❌ | ✅ |
2. Fast Home Offer vs. Opendoor
Opendoor is an iBuyer and offers a better deal than Fast Home Offer. They offer around 70% to 80% of your home’s equity. However, Opendoor does not buy houses in as-is condition. In addition, they charge a 5% service fee. Furthermore, they are available only in 51 market areas.
On the other hand, Fast Home Offer purchases houses in any condition. They do not charge any service fee to make an cash offer. Lastly, they have nationwide coverage.
3. Fast Home Offer vs. Grandview Homes
Grandview Homes also has a similar business model to Fast Home Offer. They offers services in Illinois and Wisconsin. In addition, you have to pay $500 attorney fees at closing.
On the other hand Fast Home Offer do not charge any fee. They have a nationwide coverage.
“We Buy Houses for Cash” Companies Near You
There are other “We Buy Houses As Is” companies in the market. You can request offers 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%.
Is Fast Home Offer Worth it?
Yes, Fast Home Offer is worth it if you are in an urgent need of cash. However, you must know that you will get a lowball offer. In addition, your property gets cash offer from only one investor who will give you a single offer.
Instead, list your property on a cash buyer marketplace like Houzeo.com. With Houzeo your property gets exposure from local and nationwide cash buyers. You may get multiple cash offers and maybe even top dollar for your property.
» Houzeo Reviews: See how Houzeo has helped 6,000+ home sellers get top dollar for their homes.
Frequently Asked Questions About Fast Home Offer Reviews
Is Fast Home Offer Legitimate?
Yes, Fast Home Offer is a legitimate company. They have been buying homes for cash in the US since 2003. Even though they are BBB accredited, Fast Home Offer has limited customer reviews. A higher number of reviews is typically more indicative of the overall customer experience.
How much money will Fast Home Offer offer for my property?
Fast Home Offer considers various factors like location, condition, size, and market value of your property before giving you an offer. Therefore the offer you receive will be below FMV in exchange for a quick and hassle-free transaction. Marketplaces like Houzeo let you expose your property to nationwide cash buyers and iBuyers simultaneously. This exposure increases the chances of selling your home fast for cash.
What is Fast Home Offer Leads?
Fast Home Offer 'leads program' facilitates connections between sellers and real estate professionals who can provide cash offers for their properties. As per their website, they connect 10,000 home sellers with real estate investors and agents each month.
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