Ohio Cash Buyers Reviews: Real Estate Updates (2024)

✏️ 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.

Ohio Cash Buyers is a cash-for-homes company. They cater to sellers who want to sell homes as is. The company extends offers in 24-48 hours and closes on the house within 7 days.

Cash buyers usually don’t need a mortgage to purchase houses. So with Ohio Cash Buyers, you do away with any inspection or mortgage contingency.

While Ohio Cash Buyers offers convenience, it may not be optimal. Cash buyers typically adhere to a 70% rule to make offers. This significantly reduces the offered price compared to the fair market value.

✍️ Editor’s Take: We recommend you list your property on the MLS via Houzeo. 34% home buyers make an all-cash offer on the MLS. So, you can get offers from multiple cash buyers and choose the best deal. Compare Ohio Cash Buyers vs. Houzeo.

Is Ohio Cash Buyers Legit?

Yes, Ohio Cash Buyers is a legitimate company with their headquarters in Middletown, Ohio. The company was founded in 2014 and operates under the leadership of CEO Bryan Blankenship. Ohio Cash Buyers has BBB accreditation with an A+ rating.

Types of Properties Ohio Cash Buyers Purchases

Ohio Cash Buyers purchases all kinds of properties regardless of their condition or financial situation. Some of these houses include:

• Inherited properties
• Homes with structural damages
• Rental properties with tiresome tenants
• Houses facing foreclosure

How Does Ohio Cash Buyers Work?

Ohio Cash Buyers follows a very straightforward approach. They talk to you, review property details, and extend the cash offer. You can expect the process to be as below:

• Contact Ohio Cash Buyers: You can contact them through ohiocashbuyer.com. You need to fill in the basic property details like the age of the property and any repairs you have made.
• Get an Offer: Ohio Cash Buyers will review your property and make a non-obligatory offer. We couldn’t find information regarding whether they visit the property in person or evaluate it based on the information you provide.
• Close on the House: Ohio Cash Buyers usually close on the house within 10 to 14 days.

With Ohio Cash Buyers, you don’t have to pay any commissions or closing costs. If you sell through an agent, you have to pay up to 10% of the home’s sale price.

Ohio Cash Buyers Coverage

The coverage of Ohio Cash Buyers is limited to the Cincinnati and Dayton counties of Ohio.

How Much Does Ohio Cash Buyers Pay?

Usually, cash buyers pay 50% to 70% of your home’s market value. Although Ohio Cash Buyers doesn’t disclose anything about their offer amount, they likely follow a similar trend. For a $450,000 home, the offer could range between $225,000 and $315,000.

The offer also depends on the condition or financial situation of your house. So, they can further lower the offer if your house is severely damaged or facing foreclosure.

The market conditions, local real estate trends, and seasonal variations also impact the offer. For instance, in areas undergoing economic growth, you’re likely to receive a higher offer. Conversely, if the locality has higher crime rates, the offer might be significantly lower.

» 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.

Ohio Cash Buyers Reviews

Here are the ratings of Ohio Cash Buyers on different websites:

Most customers of Ohio Cash Buyers have praised their services. The sellers highlight the seamless selling process with the company.

Ohio Cash Buyers Positive Reviews

✅ Marlene appreciated Ohio Cash Buyers’ professionalism and trustworthiness while selling an inherited home.

✅ Kaylee felt satisfied with Ohio Cash Buyers’ offer for their rental property. She appreciated the excellent communication and convenience provided throughout the entire process.

Ohio Cash Buyers Negative Reviews

❌ John was frustrated with Ohio Cash Buyers. He expressed a sense of financial loss as the company abruptly canceled the contract.

Ohio Cash Buyers Reviews: Pros and Cons

Here are the pros and cons of Ohio Cash Buyers:

👍 Pros

• Buys Houses As Is: With Ohio Cash Buyers, you can sell a home even if it’s facing foreclosure or needs heavy repairs.
• Quick Closing: Ohio Cash Buyers closes on the house in 7 days. They also have a flexible timeline and can close on a date suitable for you.
• No Commissions: You don’t have to pay any agent commission or other closing costs when you sell your home to Ohio Cash Buyers.
• No Contingencies: Cash buyers don’t rely on mortgage approvals or home inspections. This limits the uncertainties associated with the sale.
• Great Customer Reviews: Ohio Cash Buyers has an excellent 4.8 out of 5-star rating which says a lot about their customer satisfaction.

👎 Cons

• Lowball Cash Offers: You may only get 50% to 70% of your home’s fair market value.
• No Scope for Negotiation: With Ohio Cash Buyers, you don’t have room to negotiate. You can either accept what they offer or walk away.
• Limited Coverage: Ohio Cash Buyers operates only in 2 counties of Ohio.

Competitors of Ohio Cash Buyers

» Jump to: Ohio Cash Buyers vs. Houzeo | Ohio Cash Buyers vs. Opendoor | Ohio Cash Buyers vs. HomeVestors

1. Ohio Cash Buyers vs. Houzeo

Ohio Cash Buyers is a cash-for-homes company that gives you only 1 non-negotiable offer. On the other hand, Houzeo acts as a cash buyer marketplace that provides Flat Fee MLS listing services.

An MLS listing helps you attract multiple cash offers, including top cash buyers like Opendoor and Offerpad. Moreover, an MLS listing via Houzeo helps you market your property to a wide pool of buyers. So, you can compare offers and secure the best deal for you.

2. Ohio Cash Buyers vs. Opendoor

While Ohio Cash Buyers is a cash-buying company, Opendoor is an iBuyer. Opendoor provides up to 80% of your home’s FMV, which is better than what Ohio Cash Buyers offers.

However, Opendoor has stringent eligibility criteria for the properties they purchase. So, they will buy your home only if it’s in good condition. Moreover, Opendoor charges a 5% service fee. You don’t have to pay such fees to Ohio Cash Buyers.

3. Ohio Cash Buyers vs. HomeVestors

HomeVestors is a real estate company that has a network of investors. They purchase properties as is and extend cash offers. Their investors typically offer between 50% and 70% of your home’s value, which is similar to the offers made by Ohio Cash Buyers.

HomeVestors operates in 47 states and DC, whereas Ohio Cash Buyers has limited coverage. So, if you want to sell in an area where Ohio Cash Buyers isn’t available, HomeVestors could be a viable alternative.

“We Buy Houses for Cash” Companies Near Me 🔎

There are other “We Buy Houses As Is” cash 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. As one-third of home buyers pay in cash, you can get 100% FMV of your house in cash by selling FSBO.
• 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%.

Should You Sell to Ohio Cash Buyers?

Ohio Cash Buyers offers a great way to sell your property as is. They usually wrap up transactions in 7 days, making home sales swift and effective. However, their offers are below the fair market value.

If getting top dollar for your property is your priority, consider alternative ways. A smart way to get the best cash offer is to list your home on the MLS via Houzeo.

An MLS listing provides a wide exposure to multiple cash buyers. You can use Houzeo’s dashboard to compare offers and secure the best one. Moreover, you can also get a non-contingent cash offer from buyers with 100% FMV of your house.

» Houzeo Reviews: Here’s why 7,000+ home sellers have rated Houzeo 4.9 stars out of 5.

 

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