✏️ 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.
Gordon Buys Homes purchases distressed properties as is without any service fees. You save thousands of dollars in repair costs when you sell to Gordon Buys Homes.
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Pros
- Gordon Buys Homes extends cash offers in 24 to 48 hours
- They don't have strict eligibility criteria when purchasing homes
Cons
- Gordon Buys Homes may give you just 50% to 70% of your home's value
- You may not have a lot of wiggle room to negotiate this offer
Gordon Buys Homes is a home-buying company that makes cash offers on homes as-is. They provide a quick closing timeline that helps sellers who need money urgently.
However, this convenience comes at a cost. You may get an offer that is just 50% to 70% of your property 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 Gordon Buys Homes reviews and alternatives to see if you can get a better deal for your home.
Key Takeaways
- Pros: Gordon Buys Homes purchases distressed properties as is. So, you avoid spending hundreds of dollars on expensive repairs.
- Cons: This cash buyer has a limited coverage area. Further, if they give you a lowball offer, you may not be able to negotiate a better deal.
- Our Take: We don’t recommend Gordon Buys Homes. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Gordon Buys Homes.
What is Gordon Buys Homes?
Gordon Buys Homes is a traditional “We Buy Houses for Cash” company that caters to home sellers in South California. They buy distressed homes at a discount, fix them up, and then sell them for a profit.
This cash buyer can close on your property within two weeks. However, if you want a more relaxed closing timeline, you can choose a closing date of your choosing.
What Types of Properties Does Gordon Buys Homes Purchase?
Gordon Buys Homes 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 Gordon Buys Homes.
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 Gordon Buys Homes.
Gordon Buys Homes vs. Houzeo
Selling to Gordon Buys Homes 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.
| Gordon Buys Homes | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.9 stars (84 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 7 to 30 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.
Gordon Buys Homes: Pros and Cons
Gordon Buys Homes is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Gordon Buys Homes Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Gordon Buys Homes 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: Gordon Buys Homes reviews say they close in as little as two weeks. However, their timeline is flexible, and they can close on a date suitable to you.
⛔ Gordon Buys Homes Cons
Gordon Buys Homes complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Gordon Buys Homes 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 Gordon Buys Homes, 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.
- Limited Coverage: This cash buyer operates in San Diego, Southern California, New Orleans, Philadelphia, Washington D.C., etc.
Best Alternatives to Gordon Buys Homes
Even if you want to sell your house fast for cash, look for some alternatives better than Gordon Buys Homes. 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 Gordon Buys Homes
1. Is Gordon Buys Homes legit?
Yes, Gordon Buys Homes is a legitimate company that has been buying houses for cash in San Diego since 2012.
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