Simply Sold Reviews: Pros, Cons, and Alternatives (2024)

Simply Sold is a local cash buyer. They help you sell properties as soon as possible. Moreover, you don't need to conduct formal inspections and repairs when selling to them.

Editor’s Rating

4.5

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0

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Pros

• Sell your home as-is
• Get fash cash offers
• Close at your preference
• Pay no real estate commissions

Cons

• Limited service area
• Services not described in detail on their website

Simply Sold is a cash buyer. They are a local company that buys homes as fast as possible in select states. Simply Sold promises you a ‘fair offer’ regardless of your property’s condition.

However, their ‘fair offer’ might not be at par with your home’s equity. As most cash buyers do, Simply Sold might offer 50% – 70% of your home’s FMV. This is standard industry practice. Their offer could work if your home needs significant repairs.

There are better ways to sell your home. Alternative like a cash buyer marketplace gets you multiple cash offers. You compare the bids on a marketplace and select the highest possible deal.

✍️ Editor’s Take: List your property using a cash buyer marketplace like Houzeo. Their tech-centric approach helps you manage multiple offers and select the best deal. Compare Simply Sold vs. Houzeo.

Is Simply Sold Legit?

Yes, Simply Sold is a legitimate home-buying company in operation since 2004. They hold an A+ accreditation from the Better Business Bureau (BBB). As per their BBB profile, they are headquartered at 2440 Sand Lake Rd, Orlando, FL 32809-9121.

Simply Sold has garnered decent reviews on credible websites over the years. These reviews seem legit. They praise Simply Sold’s customer support team and responsiveness.

What Types of Properties Does Simply Sold Buy?

Simply Sold’s website does not mention the properties they buy. However, being a cash buyer, they are likely to purchase all types of properties. Some of them are:

• Properties facing foreclosure
• Inherited properties
• Homes with structural damage
• Rental properties with difficult tenants

How to Sell With Simply Sold Homes?

Simply Sold has a convenient selling process. They want you to follow these 4 steps:

• Connect with a local representative: They provide a phone number on their website through which you can get in touch with a local team member.
• Share details: Share videos and photos or schedule an in-person visit for property assessment.
• Complete the paperwork: Simply Sold will extend an offer after their evaluation. Once, you approve of this, complete the necessary paperwork.
• Close the deal: Close the deal at your preferred date with a licensed title company.

👉 Free Title Service? You might have to pay for the title services offered by Simply Sold or get a third-party title service. However, this information is not mentioned on their website.

Simply Sold Coverage

Simply Sold covers only 2 states – Florida and Georgia. They cover 5 cities in these two states. These are Fort Lauderdale, Atlanta, Tampa, Orlando, and Jacksonville.

As they only cover 2 states, their limited coverage could limit you from availing their services.

Simply Sold Reviews: How Much Do You Get?

Simply Sold does not mention any offer price range on their website. We are assuming they pay around 50% – 70% of the home’s FMV as it is a standard practice among cash buyers.

For instance, if your property value is $500,000, the highest offer you can expect from them is $350,000. Whereas, they can go as low as $250,000. The better your property condition, the more attractive the offer it can command.

» 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.

Simply Sold Reviews

Simply Sold has a good 4.5 out of 5-star rating on Google across 55 reviews. Moreover, they have a solid 4.75 out of 5-star rating on BBB based on 12 customer reviews.

Simply Sold Reviews: Praises

✅ Claudette J says Simply Sold was easy to work with. They were able to sell their home quickly without any hassles.

✅ Angela W feels that the price offered to her was fair. Moreover, she appreciates the true and honest nature of Simply Sold’s team members.

Simply Sold Reviews: Complaints

❌ Rhett Goodman did not appreciate the company spam-mailing him. He had to repeatedly ask Simply Sold to remove him from the mailing list.

Simply Sold Reviews: Pros and Cons

Here are the pros and cons of selling to Simply Sold:

👍Pros

• Local experts: Simply Sold has expertise in buying houses in Florida and Georgia.
• Fast closing: Like most cash buyers, you can close fast and at your preferred closing date.
• Stress-free selling: You neither pay commissions nor conduct any formal inspections.
• Buys home as-is: Simply Sold buys your home as-is – occupied, vacant, damaged, etc.

👎Cons

• Lowball offers: You lose around 30% – 50% of your home’s equity as is the case with most cash buyers.
• Limited coverage: If you don’t fall in their coverage, you can’t avail their services.

Simply Sold Competitors

» Jump to: Simply Sold vs. Houzeo | Simply Sold vs. We Buy Houses | Simply Sold vs. Sundae

1. Simply Sold vs. Houzeo

Houzeo is a cash buyer marketplace that helps you get multiple cash offers. So, you are in a position to call for the highest and best bid. You can even manage showings using Houzeo’s tech-centric approach.

Simply Sold Realty, on the other hand, is a cash buyer. Their cash offers will be aligned with industry standards. So, expect to get 50% – 70% of your home’s FMV. Moreover, their offer is non-negotiable. So, we recommend to sell with Houzeo.

2. Simply Sold vs. We Buy Houses

We Buy Houses is a cash buyer. With We Buy Houses, you get a cash offer within 24 hours. Moreover, the closing window ranges between 7 – 14 days.

Both Simply Sold and We Buy Houses offer similar services. They differ only in their coverage. We Buy Houses purchases homes throughout the country. Whereas, Simply Sold covers just two states.

3. Simply Sold vs. Sundae

Sundae is a cash buyer marketplace. You view 3 cash offers once your listing goes live on their marketplace. Furthermore, they provide no-obligation cash offers.

As compared to Simply Sold, Sundae is better as it provides you with 3 options. So, you a have slightly better chance of securing a good deal.

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. Around one-third of home buyers pay in cash. Hence, selling FSBO helps you to get 100% FMV of your house in cash.
• 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%.

Simply Sold Reviews: Are a Worthy Cash Buyer?

Yes, Simply Sold can be a worthy buyer if you are on a time crunch. However, when it comes to their cash offer, you could get around 50% – 70% of your home’s FMV.

We would suggest selling on a cash buyer marketplace. Cash buyer marketplaces provide you with multiple offers. Moreover, they let you negotiate and secure the highest sale price possible. Houzeo stands as a top alternative in this category.

» Houzeo Reviews: Read what 7,800+ customers have to say about Houzeo.

Frequently Asked Questions About Simply Sold

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