✏️ 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.
I Will Buy House is a cash home buyer that caters to home sellers who are on a time crunch. They buy distressed homes quickly, but at a discount.
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Pros
- I Will Buy House can give you a cash offer in 24 to 72 hours
- This cash buyer doesn't charge you any service fee
Cons
- I Will Buy House extends offers that are just 50% to 70% of your home's FMV
- There is very little scope to negotiate your offer
I Will Buy House makes cash offers on homes as-is. They provide a quick closing timeline that helps sellers who need money urgently.
But this company has a very limited coverage area. They only purchase homes in the state of Washington. Moreover, they may extend a lowball offer for your property.
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 I Will Buy House reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: You can offload your distressed property easily with I Will Buy House. Unlike iBuyers, they don’t have strict eligibility criteria.
- Cons: I Will Buy House may extend an offer that is just 50% to 70% of your home’s Fair Market Value. Further, you may not be able to negotiate a higher offer.
- Our Take: We don’t recommend I Will Buy House. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. I Will Buy House.
What is I Will Buy House?
I Will Buy House is a traditional “We Buy Houses for Cash” company. Like a house flipper, they buy homes at a discount, fix them up, and then sell them for a profit.
This cash buyer typically closes on a property in just 10 to 14 days.
What Types of Properties Does I Will Buy House Purchase?
I Will Buy House 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 I Will Buy House.
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 I Will Buy House.
I Will Buy House vs. Houzeo
Selling to I Will Buy House 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.
| I Will Buy House | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.7 stars (107 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 10 to 14 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.
I Will Buy House: Pros and Cons
I Will Buy House is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ I Will Buy House Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how I Will Buy House 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: I Will Buy House reviews say they close in as little as 10 to 14 days.
⛔ I Will Buy House Cons
I Will Buy House complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: I Will Buy House views your home 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 I Will Buy House, you don’t 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: I Will Buy House offers their services in the state of Washington.
» 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.
Best Alternatives to I Will Buy House
Even if you want to sell your house fast for cash, look for some alternatives better than I Will Buy House. 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 I Will Buy House
1. Is I Will Buy House legit?
Yes. I Will Buy House is a legitimate company operating in the state of Washington since 2015.
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