✏️ 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.
Sell Fast Boston is a cash-for-homes company that buys distressed properties at a low price. They cater to home sellers who are on a time crunch and need money urgently.
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Pros
- Extends offers in 24 to 48 hours
- Closes on the home at your convenience
- No mortgage or appraisal contingency
Cons
- Offers only 50% to 70% of your home's FMV
- Little to no scope of negotiation
- Limited coverage
Sell Fast Boston is a Massachusetts-based cash-buying company that buys houses in any condition. As their name implies, they close on the house quickly, sometimes within 7 days. They also give you the flexibility to move out at your preferred time.
Sell Fast Boston is perfect for sellers on a time crunch. However, being a cash buyer, they likely pay only 50% to 70% of your home’s market value.
Although Sell Fast Boston doesn’t disclose anything about their offers, it’s possible you could receive a similar offer. So, you may end up losing thousands from your home’s equity.
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✍️ 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 a non-contingent cash offer that is 100% of your home’s worth. Compare Sell Fast Boston vs. Houzeo.
Is Sell Fast Boston Legit?
Yes, Sell Fast Boston is a legitimate cash-for-homes company. Established in 2017, the company have headquarters in Boston, Massachusetts.
Sell Fast Boston only operates in Massachusetts. The company does not have BBB accreditation. However, they hold an A+ rating on the platform.
Properties Sell Fast Boston Purchases
Sell Fast Boston purchases houses, condos, multi-family homes, investment properties, etc. The company buys commercial properties as well as hard-to-sell properties, like:
- Inherited properties
- Homes with structural damages
- Rental properties with tiresome tenants
- Houses facing foreclosure
Sell Fast Boston Coverage
Sell Fast Boston buys houses in Massachusetts. They also encourage sellers from neighboring states like Rhode Island and the North Hemisphere to contact them to sell their homes.
If you want to sell your house outside Massachusetts, you can look for other alternatives.
How Does Sell Fast Boston Work?
Sell Fast Boston works like any other cash-buying company. Here’s how the process goes:
- Contact the Company: You can contact Sell Fast Boston on their website or call the number given there.
- Provide Property Details: If you contact them via the website, you need to fill in your information, including your property’s age, condition, and any repairs made.
- Get an Offer: After you submit the information, you can expect a call from the company. They ask you for more details about the property before extending the offer. This may take 24 to 48 hours.
- Close on the House: If you like their offer, you can close on the house within 7 days. You can also postpone the closing date that is suitable to you.
With Sell Fast Boston, you don’t have to pay any commissions or closing costs. Whereas, if you sell through an agent, you pay up to 10% of the home’s sale price at closing.
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✍️ Note: Sell Fast Boston doesn’t disclose if they visit the property or extend offers based on discussions. Companies offering without visiting may change terms if significant issues arise. We recommend you clarify such matters upfront to avoid discrepancies later.
How Much Does Sell Fast Boston Pay?
Usually, cash buyers like Sell Fast Boston pay 50% to 70% of your home’s market value. 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, the offer might be significantly lower if the locality has higher crime rates.
» 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.
Sell Fast Boston Reviews
Sell Fast Boston has only 8 reviews on Google with a 5 out of 5-star rating. They do not have ratings on other credible websites like Trustpilot, BBB, or Yelp.
Sell Fast Boston Positive Reviews
✅ Doreen was grateful for Sell Fast Boston’s help and support in facilitating the sale of their aunt’s house.
Mike reached out to me because I was getting ready to sell my aunt’s house in Brighton. He came over to see the house and I loved his enthusiasm. Since I was responsible for getting the best price for the house for her will distribution, I decided to hire a realtor. Mike helped me find a really good realtor, Chuck Silverton of Sotheby’s International Realty. The house went on the market in November and sold in December at the asking price!!!! Thanks Mike for all your help!!!
Source: Google
✅ Robyn was satisfied with the assistance the company provided. He appreciated the professionalism, guidance, and simplicity of the selling process.
These guys, especially Will J. were extremely helpful and professional throughout the whole process. Will J. walked us through everything and answered all our questions on how the process would work. He made it as simple as possible and I would highly recommend Sellfastboston to anyone looking for a easy way to sell your home. No Broker Fees No Showings just a simple way of selling your house without all the hassle.
Source: Google
Sell Fast Boston Negative Reviews
We couldn’t find any negative reviews of Sell Fast Boston.
Pros and Cons
Here are the pros and cons of Sell Fast Boston:
👍 Pros
- Quick Sale: Sell Fast Boston can be a good option if you need to sell your house fast. The closing time is typically a week.
- Buys Houses As Is: With Sell Fast Boston, you can sell a home even if your property faces foreclosure or needs heavy repairs.
- No Third-Party Contingencies: There are no banks, inspectors, mortgage lenders, or other third parties involved to drag out the closing process.
- Closing Date: You can take your time and move at your convenience after accepting your offer.
👎 Cons
- Low Offer Price: The offer price might be 50% to 70% of your home’s worth.
- No Scope for Negotiation: With Sell Fast Boston, you don’t have room to negotiate your cash offer. You can either accept what they offer or walk away.
- Limited Coverage: Sell Fast Boston is only available in Massachusetts.
Sell Fast Boston Competitors
» Jump to: Sell Fast Boston vs. Houzeo | Sell Fast Boston vs. Opendoor | Sell Fast Boston vs. HomeVestors
1. Sell Fast Boston vs. Houzeo
Sell Fast Boston only gives you 1 non-negotiable offer. Whereas, Houzeo acts as a cash buyer marketplace that lists your home on the MLS. A marketplace helps you attract top cash buyers, like Opendoor and Offerpad. So, you can negotiate a better deal.
Moreover, you can use Houzeo’s tech to compare multiple offers and select the best one. Additionally, you can do everything on the go with Houzeo’s mobile app.
| Sell Fast Boston | Houzeo | |
|---|---|---|
| Sale Price | 50% to 70% of FMV | Up to 100% of FMV |
| Customer Rating | 5 stars (8 reviews) | 4.9 stars (7,954 reviews) |
| Closing Timeline | 7 days | 2 to 60 days |
| Fees | ❌ | $399 |
| Closing Costs | ❌ | 1% to 3% Closing Costs |
| Scope for Negotiation | ❌ | ✅ |
| Repair Costs | ❌ | ✅ |
2. Sell Fast Boston vs. Opendoor
Sell Fast Boston only offers 50% to 70% of your home’s value. Whereas, Opendoor is an iBuyer that pays up to 80% of your home’s worth, better than what Sell Fast Boston offers. However, Opendoor deducts a 5% service fee, closing costs, and repair costs from the offer. With Sell Fast Boston, you don’t have to pay these costs.
3. Sell Fast Boston vs. Homevestors
HomeVestors is a network of investors. You can sell your property as is for an all-cash offer. Their investors typically offer between 50% and 70% of your home’s value, which is similar to the offers made by Sell Fast Boston.
Sell Fast Boston is only available in Massachusetts. On the other hand, HomeVestors operates in 47 states and DC. So, if you want to sell in an area where Sell Fast Boston isn’t available, HomeVestors could be a viable alternative.
Companies That Buy Houses for Cash Near Me 🔍
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 Opt for Sell Fast Boston?
Sell Fast Boston offers a great way to sell your property without repairs. They usually wrap up transactions in 7 days, making home sale swift and effective. However, their offers can be 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 via Houzeo provides wide exposure to multiple cash buyers. You can use Houzeo’s dashboard to compare offers and request the best one. Moreover, you can also get a non-contingent cash offer from buyers with 100% FMV of your house.
» Houzeo Reviews: Check out why 7,000+ home sellers have rated Houzeo 4.9 stars out of 5.
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Frequently Asked Questions
Is Sell Fast Boston legit?
Yes. Sell Fast Boston is a legitimate company that buys houses for cash in Massachusetts. As per the information available on BBB, the company was founded in 2017. Know more about Sell Fast Boston.
What are major complaints in Sell Fast Boston reviews?
Sell Fast Boston doesn't have relevant negative customer reviews. However, sellers who use cash buyers often complain about getting a lowball offer. Some even say they have been offered 30% to 40% of their home's after-repair value. Learn more about Sell Fast Boston offers.
How to get the best cash offer?
To get the best cash offer, you should compare offers from multiple cash buyers. A smart way to do this is by listing your property on the MLS. You can attract multiple local and national cash buyers with an MLS listing.
» How to List Your House on MLS Without a Realtor: Get the 100% FMV of your house by listing on the MLS.
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