Laurel Buys Houses Reviews: Pros, Cons, and Alternatives (2024)

Laurel Buys Houses is a cash buyer. They help you close on properties as soon as possible. Furthermore, they buy homes as-is. They specialize in purchasing distressed homes.

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Pros

• You get a quick cash offer
• You don't have to pay 6% realtor commission
• You incur no repair and closing costs

Cons

• You will likely get 50% - 70% of your home's FMV
• You can sell only in one area

Laurel Buys Houses is a Sacramento-based cash buyer. They purchase all types of homes in as-is condition. So, when you move out, you don’t need to worry about any repairs or leftovers.

Furthermore, they provide a quick cash offer and a fast closing time frame. An economic report on selling on the MLS makes it clear that you sell 5 – 6 times faster with a cash buyer like Laurel Buys Houses.

However, you could only get 50% – 70% of your home’s FMV with this cash buyer. While not explicitly mentioned on their website, this price range aligns with industry norms.

We feel that there are better ways to sell your home. A cash buyer marketplace, for example, provides you with multiple cash offers. As a result, you are more likely to secure a top-dollar deal for your home even if it’s distressed.

✍️ Editor’s Take: List your home on a cash-buyer marketplace like Houzeo. Houzeo gets you on the MLS within 24 hours, maximizing exposure for your home. This puts you in a position to select the best deal from multiple cash offers. Compare Laurel Buys Houses vs. Houzeo.

Is Laurel Buys Houses Legit?

Yes, Laurel Buys Houses is a legitimate cash buyer. They were founded by a real estate professional Laurel Sagen in 1999. On Google, their address is 3104 O St #305, Sacramento, CA 95816, United States.

Laurel Buys Houses is an A+ accredited company on BBB. They have many positive customer reviews on Google. Moreover, we noticed that the founder, Laurel promptly addresses any negative reviews online. This shows LBH’s dedication to customer satisfaction.

🌟 Key Highlight: Laurel Buys Houses helps you manage whatever you leave behind after the sales process concludes. They work with various charity organizations that underscore their commitment to social welfare.

What Types of Properties Does Laurel Buys Houses Purchase?

Laurel Buys Houses does not mention what properties they buy. Since they are a cash buyer, they might purchase all kinds of homes like:

• Inherited properties
• Properties with structural damages
• Hoarder properties
• Properties with probate
• Rental properties with tiresome tenants
• Properties facing foreclosure

Selling With Laurel Buys Houses

Home sellers must follow 4 simple steps to sell to Laurel Buys Houses. These steps are:

• Get in touch with LBH: You can connect with them by filling out a form on their website form or by phone.
• Meet Laurel: Schedule a meeting with Laurel for property evaluation. This meeting will usually happen in person. However, you can connect on Google Meet, Facetime, or Zoom if that is not possible.
• Review the cash offer: After evaluation, Laurel extends a cash offer for you to review.
• Close at your convenience: If you like the presented cash offer, select your preferred closing date.

Laurel Buys Houses Locations

Laurel Buys Houses is a local cash buyer. They buy houses in Sacramento, CA, and its surrounding neighborhoods. Although their coverage is limited, they have expertise in buying properties in these areas.

How Much Does Laurel Buys Houses Pay?

Like most cash buyers, Laurel Buys Houses pays around 50% – 70% of your home’s FMV. Suppose, the fair market value of your home is $500,000. You can expect to get around $250,000 – $350,000 from Laurel Buys Houses.

You don’t pay any fees to Laurel Buys Houses. They pay everything – closing costs, escrow fees, council transfer fees, etc. on your behalf. In short, there are no deductions and extra costs when you sell to them.

» 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.

Laurel Buys Houses: Reviews

Laurel Buys Houses has a 4.6 out of 5-star rating on Google based on 65 customer reviews. Moreover, they are rated 5 out of 5 on BBB based on 12 reviews.

The positive reviews highlight that clients love LBH’s genuineness and professionalism. In contrast, negative feedback reflects criticism for occasional delays in closing.

Praises

✅ Dean Martin loved the presented cash offer. Furthermore, he appreciates the professionalism and kindness followed at Laurel Buys Houses.

✅ Lindsey P feels that the company is top-notch for home sellers. She likes the thoughtfulness and genuineness followed at Laurel Buys Houses.

Complaints

❌ John Cameron is agitated with the delay in closing. He could not close at his desired date due to insurance costs behind the property.

Laurel Buys Houses: Pros and Cons

Here are the pros and cons of selling with Laurel Buys Houses:

👍Pros

• Sell to an expert: LBH primarily buys houses in Sacramento and its surrounding areas. So, you sell to an expert house buyer.
• Close at your convenience: Laurel Buys Houses provides a flexible closing timeline. You can close in just a few days or at your desired closing date.
• Sell as-is: Laurel buys the home as-is; you don’t have to repair it before selling.
• Get knowledgeable resources: They provide free e-books to understand the real estate market better.

👎Cons

• Limited coverage: You might not be able to sell to them since they buy only in Sacramento.
• Lowball cash offers: You may get a reduced sale price for your home. This can be usually around 50% – 70% of the FMV for your home.

Laurel Buys Homes Competitors

Here are some potential competitors of Laurel Buys Houses. We have chosen them on three major metrics – cash offers, coverage, and home eligibility criteria.

» Jump to: Laurel Buys Houses vs. Houzeo | Laurel Buys Houses vs. We Buy Houses | Laurel Buys Houses vs Opendoor

1. Cash Offers: Laurel Buys Houses vs. Houzeo

Laurel Buys Houses is a cash buyer. They buy properties as-is. So, you don’t have to take care of repairs and maintenance of your property. However, you may have to settle for 30% – 50% lower than your home’s FMV for selling as-is.

Houzeo is a cash buyer marketplace that helps sellers list their property on the MLS. You get multiple cash offers instead of one. As a result, your chance of securing a good deal increases.

2. Coverage: Laurel Buys Houses vs. We Buy Houses

Laurel Buys Houses buys homes only in Sacramento and its surrounding areas. If you live outside their coverage area, you can’t avail of their services.

We Buy Houses is a well-known cash buyer that works in collaboration with investors. They have nationwide coverage. So, you can sell to them from wherever you want. However, do not have many reviews on credible websites.

3. Home Eligibility Criteria: Laurel Buys Houses vs. Opendoor

Opendoor is one of the largest iBuyers in the US. They offer around 70% – 80% of your home’s FMV. However, not everyone can sell to them – they have strict home eligibility criteria.

LBH, on the other hand, buys all types of properties. You can even sell your distressed property to them without making any repairs.

“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 home selling. 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%.

Laurel Buys Houses Reviews: Are They a Good Choice?

Laurel Buys Houses can be a good choice for you if you want to sell your property fast. However, keep in mind that you may have to settle for a lower sale price i.e. 50% – 70% of the FMV.

Furthermore, there is a high possibility that you might not be able to sell with them because of their limited coverage. Laurel Buys homes only in Sacramento and its surrounding area.

We recommend selling your home via a cash buyer marketplace for a better value. On a cash buyer marketplace like Houzeo, you receive multiple offers that increase your chances of securing a top-dollar deal. Moreover, you can sell from anywhere as Houzeo covers 47 states and Washington DC.

» Houzeo Reviews: Read what 7,800+ customers have to say about Houzeo.

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