✏️ 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.
HouseMax is a cash for houses company that caters to home sellers who are on a time crunch. They buy distressed houses as is, saving you the repair costs.
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Pros
- HouseMax extends cash offers in 24 to 72 hours
- They can buy your home in just a week or two
Cons
- HouseMax extends offers that are just 50% to 70% of your home's FMV
- You may not be able to negotiate the cash offer you receive
HouseMax is a Kansas City company that makes cash offers on homes as-is. They have flexible closing timelines that enable home sellers to move out of their properties at their convenience.
While this cash buyer can help sellers on a time crunch, it is at a cost. You may get an offer that is just 50% to 70% of your home’s market price. Further, there is little to no scope for negotiation, so you could be stuck with a take-it-or-leave-it-deal.
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 HouseMax reviews and alternatives to see if you can get a better deal for your home.
Key Takeaways
- Pros: HouseMax purchases homes as-is, saving you hundreds of dollars otherwise spent on costly repairs and renovations.
- Cons: This cash buyer has a limited coverage area, operating only in and around Kansas City. Further, you may lose around 30% to 50% of your property’s Fair Market Value.
- Our Take: We don’t recommend HouseMax. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. HouseMax.
What is HouseMax?
HouseMax is a company that buys houses for cash. They purchase homes as is, fix them up, and then sell them for a profit. Further, this cash buyer caters to home sellers on a quick timeline or who need money urgently.
HouseMax can close on your property in 30 days. However, they offer flexible closing dates, so you can select one based on your convenience.
What Types of Properties Does HouseMax Purchase?
HouseMax 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 HouseMax.
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 HouseMax.
HouseMax vs. Houzeo
Selling to HouseMax 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.
| HouseMax | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.1 stars (155 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.
HouseMax: Pros and Cons
HouseMax is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ HouseMax Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how HouseMax 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: HouseMax reviews say they close quickly. However, their timeline is flexible, and they can close on a date suitable to you.
⛔ HouseMax Cons
HouseMax complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: HouseMax 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 HouseMax, 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 caters only to home sellers in and around Kansas City.
Best Alternatives to HouseMax
Even if you want to sell your house fast for cash, look for some alternatives better than HouseMax. 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 HouseMax
1. Is HouseMax legit?
Yes, HouseMax is a legitimate company that buys houses for cash in and around Kansas City.
Companies That Buy Houses for Cash Near Me 🔍
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