House Heroes Reviews: Pros, Cons, and Alternatives (2024)

✏️ 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.

House Heroes is a Florida-based company that makes cash offers on homes. You can sell your house to them in its current condition.

As per their website, they promise to make an offer in 24 hours. If their offer doesn’t align with your needs, House Heroes provide assistance and alternatives accordingly. Further, you can close on your home as per your convenience.

House Heroes aims to offer fair cash deals that prioritize quick closing. However, you may not get your home’s equity with them. Cash buyers usually make offers between 50% – 70% of your home’s FMV. Expect your offer to be in a similar range.

✍️ Editor’s Take: We recommend listing on a cash buyer marketplace like Houzeo. With Houzeo you can get cash offers from multiple national and local cash buyers. So, you do not have to settle for just one offer. Compare House Heroes vs. Houzeo.

Is House Heroes Legit?

Yes, House Heroes is a legitimate company. They are BBB accredited and have an A+ rating.

House Heroes is headquartered in Sunny Isles Beach, Florida. Lucas Machado and Earl White founded the company in 2013. Since then, they have purchased over 150 properties.

House Heroes Reviews: Coverage

The company offers services only in Florida.

Home sellers across the USA cannot avail House Heroes’ services due to their limited coverage. If you want to sell outside their coverage area, you should look for alternate companies.

On the other hand, Houzeo offers its services in 47 states and Washington D.C.

Types of Properties House Heroes Purchases

House Heroes purchases all kinds of homes, including vacant land, condominiums, and apartments. Additionally, they specialize in purchasing properties involved in probate or inheritance cases, foreclosure or short sale situations, etc.

How Does House Heroes Work?

The process of selling with House Heroes is mentioned below:

• Fill Out an Online Form: You can get in touch with House Heroes by calling them or filling out a form on their webiste.
• Get a Cash Offer: House Heroes gives a no-obligation offer based on the evaluation of your property.
• Close the Sale: If you accept the cash offer, the next step is the closing process. House Heroes can close on your timeline.

How Much Does House Heroes Pay?

House Heroes determines cash offers based on the property’s condition, potential repair costs, market conditions, etc. However, they do not mention how much they will pay. It varies on a case-by-case basis.

Cash companies like House Heroes offer around 50% to 70% of your home’s equity. This is standard industry practice with cash buyers.

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

» 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.

House Heroes Reviews

The company has a 4.9 out of 5-star rating on Google based on 55 reviews. Additionally, they have a 4.6 out of 5-star rating on BBB based on 11 customer reviews.

Many customer reviews highlight House Heroes team’s professionalism and excellent customer support. It is noteworthy that the company has received only 1 negative review.

House Heroes Reviews: Praises

✅ John Grzan expressed satisfaction with the service provided by Lucas and his team at House Heroes. He appreciated the team’s quick response to his inquiries.

✅ John Owens had a positive experience with Lucas. He highly recommends their services to home sellers, emphasizing that their process is quick, easy, and profitable.

House Heroes Negative Reviews

The company doesn’t have any negative reviews that are relevant to sellers.

House Heroes Reviews: Pros and Cons

Let’s evaluate the pros and cons of House Heroes:

✅ House Heroes Pros

• Buys As-Is Houses: House Heroes purchases homes as is. So, even if your property is facing foreclosure or needs heavy repairs, you will get a cash offer.
• Quick Closing: House Heroes promises to close in as little as 7 days. However, their timeline is flexible and they can close on a date suitable to you.
• No Service Fees: They do not charge any service fee. Enjoy a quick sale through House Heroes without any additional costs.
• No Third-Party Contingencies: There are no banks, inspectors, mortgage lenders, or other third parties involved to drag out the closing process.

⛔ House Heroes Cons

• Lowball Cash Offers: With House Heroes, you are likely to get an offer that would be below fair market value.
• Little Scope for Negotiation: With cash home buyers like House Heroes, you don’t have room to negotiate your cash offer.
• Limited Coverage: The company offers services only in Florida.

House Heroes Competitors

» Jump to: House Heroes vs. Houzeo | House Heroes vs. Offerpad | House Heroes vs. HomeVestors

1. House Heroes vs. Houzeo

Selling your house to House Heroes is hassle-free. But you pay for this convenience by selling your home at a reduced price.

Instead, list your property on a cash buyer marketplace like Houzeo. With Houzeo, your property gets exposure to multiple cash buyers. Additionally, their tech centric platform allows you to manage offers efficiently.

2. House Heroes vs. Offerpad

Offerpad is an iBuyer. They charge a 6% service fee. Usually, iBuyers offer around 70% to 80% of your home’s equity. However, Offerpad has stringent criteria for the properties they buy. Before selling to an iBuyer, you will have to go through their eligibility criteria.

House Heroes is a better option as they buy your property in as-is condition. Additionally, they do not charge any fees.

3. House Heroes vs. HomeVestors

HomeVestors also has a similar business model to House Heroes. With both the companies, you can expect a cash offer around 50% to 70% of your home’s value. However, they both vary on two conditions, i.e., coverage and closing timeline.

House Heroes is a company that is available only in 1 state. Whereas, HomeVestors has near-nationwide coverage. HomeVestors closes the deal in 3 weeks. On the other hand, House Heroes promises to close in as little as 7 days.

“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.

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 your home sale. 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%.

Should You Sell Your House to House Heroes?

House Heroes’ cash offer is a great choice if you want to sell your property quickly. If your primary goal is to get a fast cash offer for your home, only then opt for House Heroes.

However, if you want a higher return, you should list your home on the MLS. 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 top dollar for your property.

 

Frequently Asked Questions About House Heroes

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