✏️ 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.
Residential Value is a cash for homes company that claims to close on properties in 10 days. They don't have strict eligibility criteria for the homes they buy and even make offers on distressed houses.
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Pros
- Residential Value makes cash offers in 24 to 48 hours
- They cover all closing costs, thereby increasing the money in your pocket
Cons
- You may get just 50% to 70% of your home's value
- You may not be able to negotiate the cash offer you get from Residential Value
Residential Value LLC is a house buyer that makes cash offers on homes as-is. They provide quick closing timelines for sellers who don’t have money or time to spare.
But residentialvalue.net’s offerings aren’t as straightforward as they seem. You may get a lowball offer and lose almost 30% to 50% of your home’s Fair Market Value.
An MLS listing on a cash buyer marketplace like Houzeo can get you 100% of your property’s value. With Houzeo, your listing can be on the MLS within 24 hours. Moreover, you can compare offers from multiple national and local cash buyers, instead of settling for just one lowball offer.
In this blog, let’s look at Residential Value LLC reviews and their alternatives to help you get the property value you deserve!
Key Takeaways
- Pros: Residential Value purchases homes as is saving you hefty repair costs. Moreover, they don’t have strict purchase criteria when buying homes. So, you can offload your distressed property easily.
- Cons: Residential Value extends lowball offers that are just 50% to 70% of your property’s value. Further, they have little scope for negotiation.
- Our Take: We don’t recommend Residential Value. Instead, list your home on a cash buyer marketplace like Houzeo to get 100% of your property’s Fair Market Value. Compare Houzeo vs. Residential Value.
What is Residential Value?
Residential Value is a cash home buyer operating in the Metropolitan Washington Area. They purchase homes at a discount, renovate them, and then sell them for a profit.
This company that buys houses for cash focuses primarily on sellers wanting a quick escrow. They can close on properties in 10 days.
What Types of Properties Does Residential Value Purchase?
Residential Value 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 Residential Value.
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 Residential Value.
Residential Value vs. Houzeo
Selling to Residential Value 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.
| Residential Value | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 3.7 stars (9 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.
Residential Value: Pros and Cons
Residential Value is a convenient option for sellers who need cash fast. However, their pros and cons paint a clearer picture:
✅ Residential Value Pros
Cash home buyers have certain advantages over traditional home-selling processes. Let’s see how Residential Value 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: Residential Value LLC reviews say they close in as little as 10 days. However, their timeline is flexible, and they can close on a date suitable to you.
⛔ Residential Value Cons
Residential Value complaints reflect the following disadvantages of the company:
- Lowball Cash Offers: Residential Value 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 Residential Value, 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.
Best Alternatives to Residential Value
Even if you want to sell your house fast for cash, look for some alternatives better than Residential Value. 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 Residential Value
1. Is Residential Value legit?
Yes. Residential Value is a legitimate company founded in 2007. They offer their services in the Metropolitan Washington Area.
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