✏️ 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.
New Horizon Home Buyers is a cash for homes company. They don't have strict eligibility criteria when purchasing homes. They allow sellers to offload their distressed properties easily and quickly.
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Pros
- You get a cash offer in maximum 48 hours
- Since they purchase distressed homes as is, you save on repair costs
Cons
- New Horizon Home Buyers makes deals that are just 50% to 70% of your home's FMV
- You may not be able to negotiate your offer with this cash buyer
New Horizon Home Buyers 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 newhorizonhomebuyers.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 New Horizon Home Buyers 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 New Horizon Home Buyers. Unlike iBuyers, they don’t have strict eligibility criteria.
- Cons: New Horizon Home Buyers 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 New Horizon Home Buyers 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. New Horizon Home Buyers.
What is New Horizon Home Buyers?
New Horizon Home Buyers is a traditional “We Buy Houses for Cash” company. They buy houses as is, repair them, and sell them for a profit.
New Horizon Home Buyers 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 New Horizon Home Buyers Purchase?
New Horizon Home Buyers 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 New Horizon Home Buyers.
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 New Horizon Home Buyers.
New Horizon Home Buyers vs. Houzeo
Selling to New Horizon Home Buyers 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.
| New Horizon Home Buyers | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 5 stars (39 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.
New Horizon Home Buyers: Pros and Cons
New Horizon Home Buyers it is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅New Horizon Home Buyers Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how New Horizon Home Buyers 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: New Horizon Home Buyers 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.
⛔New Horizon Home Buyers Cons
New Horizon Home Buyers Reviews complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: New Horizon Home Buyers 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 New Horizon Home Buyers, 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: New Horizon Home Buyers caters to sellers in Chattanooga.
Best Alternatives to newhorizonhomebuyers.com
Even if you want to sell your house fast for cash, look for some alternatives better than New Horizon Home Buyers. 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 New Horizon Home Buyers
1. Is New Horizon Home Buyers legit?
Yes. New Horizon Home Buyers is a legitimate company that buys houses for cash in Chattanooga.
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