Hampden Homebuyers 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.
In this blog, let’s look at Hampden Homebuyers reviews and their alternatives to help you get the property value you deserve!
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 Hampden Homebuyers reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: Hampden Homebuyers 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 Hampden Homebuyers. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Hampden Homebuyers.
What is Hampden Homebuyers?
Hampden Homebuyers 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 Hampden Homebuyers Purchase?
Hampden Homebuyers 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 Hampden Homebuyers.
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.
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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 Hampden Homebuyers.
Hampden Homebuyers vs. Houzeo
Selling to Hampden Homebuyers 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.
| Hampden Homebuyers | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.8 stars (16 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 10 to 30 days | 2 to 60 days |
| Fees | ❌ | $349 |
| 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.
Hampden Homebuyers: Pros and Cons
Hampden Homebuyers is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Hampden Homebuyers Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Hampden Homebuyers reviews match 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: Hampden Homebuyers 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.
⛔ Hampden Homebuyers Cons
Hampden Homebuyers complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Hampden Homebuyers 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 Hampden Homebuyers, 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 Massachusetts.
Best Alternatives to Hampden Homebuyers
Even if you want to sell your house fast for cash, look for some alternatives better than Hampden Homebuyers. 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.
Frequently Asked Questions About Hampden Homebuyers
1. Is Hampden Homebuyers legit?
Yes, Hampden Homebuyers is a legitimate company that has been buying houses for cash in Massachusetts.
