✏️ 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.
John Medina Buys Houses is a cash for homes company that helps home sellers who are on a time crunch. They buy distressed homes as is and help you save on repair costs.
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Pros
- John Medina Buys Houses gives you a cash offer within 24 to 48 hours
- You avoid any service fees or closing costs with John Medina Buys Houses
Cons
- You get just 50% to 70% of your property's value
- There is very little scope to negotiate the offer you get from this cash buyer
John Medina Buys Houses is a California cash home buyer. They help you offload your distressed property easily and can close the real estate transaction in just 7 days.
However, with this cash buyer, you get just 50% to 70% of your home’s Fair Market Value. Further, their limited coverage area can make it difficult to avail of their services.
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 John Medina Buys Houses reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: John Medina Buys Houses can close on properties in just 7 days. So if you need to move quickly, this cash buyer can help you out. Further, they don’t charge any service fee or commission.
- Cons: When you sell to this cash buyer, you may get just 50% to 70% of your house’s sale price. You also don’t have a lot of scope to negotiate the extended offer.
- Our Take: We don’t recommend John Medina Buys Houses. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. John Medina Buys Houses.
What is John Medina Buys Houses?
John Medina Buys Houses is a company that buys homes for cash. They buy distressed properties as is, renovate them, and then sell them for a profit.
With this cash buyer, you get quick cash in a matter of just 7 days.
What Types of Properties Does John Medina Buys Houses Purchase?
John Medina Buys Houses 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 John Medina Buys Houses.
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 John Medina Buys Houses.
John Medina Buys Houses vs. Houzeo
Selling to John Medina Buys Houses 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.
| John Medina Buys Houses | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 4.5 stars (32 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.
John Medina Buys Houses: Pros and Cons
John Medina Buys Houses is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ John Medina Buys Houses Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how John Medina Buys Houses 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: John Medina Buys Houses reviews say they close in as little as a week. However, their timeline is flexible, and they can close on a date suitable to you.
⛔ John Medina Buys Houses Cons
John Medina Buys Houses complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: John Medina Buys Houses 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 John Medina Buys Houses, 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 to home sellers in the state of California.
Best Alternatives to John Medina Buys Houses
Even if you want to sell your house fast for cash, look for some alternatives better than John Medina Buys Houses. 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.
» 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.
“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 John Medina Buys Houses
1. Is John Medina Buys Houses legit?
Yes. John Medina Buys Houses is a legitimate company that purchases homes in California.
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