Portland Cash Buyers is a local home buyer that makes cash offers on homes as-is. Since they buy distressed properties, you avoid spending hundreds of dollars on expensive house repairs and renovations.
However, Portland Cash Buyers may not be an ideal option if you’re looking for top dollar for your property. You may get just 50% to 70% of your property’s value.
In this blog, let’s look at Portland Cash Buyers reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: Portland Cash Buyers doesn’t have strict purchasing criteria. Thus, you can offload your distressed properties easily.
- Cons: This cash buyer may extend lowball offers that is just 50% to 70% of your house’s value. You may also not be able to negotiate that offer.
- Our Take: We don’t recommend Portland Cash Buyers. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Portland Cash Buyers.
What is Portland Cash Buyers?
Portland Cash Buyers is a traditional “We Buy Houses for Cash” company. They buy properties as is, renovate them, and then sell them for a profit.
This cash buyer is a popular choice for home sellers with a time crunch. They close on properties in just 3 days.
What Types of Properties Does Portland Cash Buyers Purchase?
Portland Cash Buyers 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 Portland Cash 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.
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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 Portland Cash Buyers.
Portland Cash Buyers vs. Houzeo
Selling to Portland Cash 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.
| Portland Cash Buyers | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 5 stars (9 reviews) | 4.9 stars (4,523 reviews) |
| Closing Timeline | 3 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.
Portland Cash Buyers: Pros and Cons
Portland Cash Buyers is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Portland Cash Buyers Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Portland Cash Buyers 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: Portland Cash Buyers reviews say they close in as little as three days. However, their timeline is flexible, and they can close on a date suitable to you.
⛔ Portland Cash Buyers Cons
Portland Cash Buyers complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Portland Cash 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 companies like Portland Cash Buyers, 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 Area: This cash buyer caters to home sellers in Oregon and Washington.
Best Alternatives to Portland Cash Buyers
Even if you want to sell your house fast for cash, look for some alternatives better than Portland Cash 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.
Frequently Asked Questions About Portland Cash Buyers
1. Is Portland Cash Buyers legit?
Yes, Portland Cash Buyers is a legitimate company that caters to home sellers in Oregon and some areas of Washington.
