✏️ 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.
Morgan Home Solutions is a cash home buyer that purchases distressed properties at a discount. Like a home flipper, they renovate these homes and then sell them for a profit.
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Pros
- Morgan Home Solutions can give you a cash offer in 24 to 72 hours
- They have a flexible closing timeline, letting you move out when you need to
Cons
- Morgan Home Solutions extends offers that are just 50% to 70% of your home's FMV
- This cash buyer has a limited coverage area
Morgan Home Solutions makes cash offers on homes as-is. They provide a quick closing timeline that helps sellers who need money urgently.
However, when you sell your home to morganhomesolutions.com, you’re compromising on the sale price of your home. You are settling for an offer that is just 50% to 70% of your property’s Fair Market Value.
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 Morgan Home Solutions reviews and alternatives to see if you can get a better deal for your home.
Key Takeaways
- Pros: You can offload your distressed property easily with Morgan Home Solutions. Unlike iBuyers, they don’t have strict eligibility criteria.
- Cons: Morgan Home Solutions 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 Morgan Home Solutions as you won’t get top dollar for your property. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Morgan Home Solutions.
What is Morgan Home Solutions?
Morgan Home Solutions is a traditional “We Buy Houses for Cash” company. They buy houses as is, repair them, and sell them for a profit.
Morgan Home Solutions primarily caters to home sellers who need to sell their properties quickly. Hence, they extend offers on the phone or they can even visit your home and give you the offer in person.
What Types of Properties Does Morgan Home Solutions Purchase?
Morgan Home Solutions it 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 Morgan Home Solutions.
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 Morgan Home Solutions.
Morgan Home Solutions vs. Houzeo
Selling to Morgan Home Solutions 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.
| NC Cash Home Buyers | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 5 stars (66 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 10 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.
Morgan Home Solutions: Pros and Cons
Morgan Home Solutions it is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅Morgan Home Solutions Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Morgan Home Solutions reviews match 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: Morgan Home Solutions reviews say they have a flexible closing timeline. So, you can move out at your convenience.
- No Service Fees: This cash buyer doesn’t charge any service fee when you sell your house to them. You save money while enjoying the convenience of a quick sale.
⛔Morgan Home Solutions Cons
Morgan Home Solutions Reviews complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Morgan Home Solutions 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 Morgan Home Solutions, 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: Morgan Home Solutions caters to sellers in Pennsylvania and Delaware.
Best Alternatives to morganhomesolutions.com
Even if you want to sell your house fast for cash, look for some alternatives better than Morgan Home Solutions. 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 Morgan Home Solutions
1. Is Morgan Home Solutions legit?
Yes. Morgan Home Solutions is a legitimate company that buys houses for cash in Pennsylvania and Delaware.
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