Sundae Reviews: Can You Get A Fair Value For Your Distressed Property?

✏️ 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.

Sundae is a cash buyer marketplace. They are a hot spot for selling distressed properties. You don’t have to worry about staging, repairs, and maintenance. Moreover, you can close the deal in as little as 10 days or your desired date.

Sundae does not charge any fee from the sellers. However, you are still responsible for other fees like home association fees, pending mortgage fees against the property, etc.

With Sundae, you can expect offers of up to 50%-70% of the fair market value. So, is there a way to get more than that?

Yes, Flat-Fee MLS companies can help you get price offers that match your home’s FMV. Multiple cash buyers extend offers on the MLS. As a result, you can expect to secure a top-dollar deal

✍️ Editor’s Take: We recommend listing your home on the MLS via Houzeo. An MLS listing on a cash buyer marketplace like Houzeo can get you maximum exposure and better deals. Compare Sundae vs. Houzeo.

Is Sundae Real Estate Legit?

Yes, Sundae is a legitimate real estate platform headquartered in San Francisco. It was founded in 2018 by Josh Stech and Andrew Swain. They aim to revolutionize the way homeowners sell houses.

Sundae has successfully helped 500+ sellers offload their properties. However, it operates only in 11 locations across 5 states as of now.

How Does Sundae Work?

Sundae marketplace connects homeowners with potential investors. Your property goes live for 3 business days. They give you the option to review the 3 highest bids the next business day.

The best part about Sundae is its fast closing process. You close deals in as little as 10 days. Alternatively, you can set your closing date as per your preference.

When Should You Sell on Sundae?

Sundae comes to your rescue when:

• Your property demands repairs and maintenance
• You are in financial distress
• You are shifting to a more affordable home
• Your house has structural damage
• You face tenant issues

As a matter of fact, the better the house condition the better price you attract.

Listing Your Property With Sundae Homes

Listing your home on Sundae is hassle-free. Here’s how you can list your home on Sundae.

• Submit Your Information: Fill in basic details like your name, contact number, and email address.
• Meet the Market Expert: An expert will visit your home. He will record the tour and evaluate your property’s value.
• Complete Your Home Inspection: A home inspector visits your house. He will thoroughly examine your home and note all the necessary repairs.
• List on the Sundae Marketplace: Post inspection, your listing goes live. This includes photos and 3D tours.
• Receive and Review Cash Offers: Your listing stays for 3 business days. You can review the 3 highest bids on the 4th business day and accept the one you like.
• Close the Deal: Sundae offers to close the property in 10 days. However, you can extend the closing for up to 60 days. You can apply for an advance of $10,000 from Sundae. Inform your closing agent and they will check your eligibility for the same.

👉 Important: You can apply for an advance of $10,000 from Sundae. Inform your closing agent and they will check your eligibility for the same.

Sundae Locations

Sundae serves the following 11 locations across 5 states in the United States. These are Atlanta, Dallas & Fort Worth, Houston, Inland Empire, Las Vegas, Los Angeles, Oakland, Orange County, Sacramento, San Diego, and Seattle.

However, they plan to extend their services to more areas in the country.

How Much Does Sundae Pay?

After thoroughly examining Sundae reviews, we understood that Sundae buyers pay around 50%-70% of the FMV. For example, if your property’s FMV is $350,000, Sundae house buyers can offer a maximum of $245,000.

The offer is based on various factors like Sundae’s home inspection, sale price in the neighborhood, property research, etc.

» 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.

👉 Note: Sundae doesn’t charge sellers any money. The only Sundae real estate fee is their membership premiums for buyers.

Sundae Real Estate Reviews

Based on 112 Sundae reviews, Sundae has a 4 out of 5-star rating on BBB. On Yelp, Sundae has an average of 4 out of 5-star rating based on 73 reviews. Here’s what Sundae home sellers have to say about the marketplace:

Sundae.com Reviews: The Positives

✅ Steve loved the responsiveness of Sundae’s team. He definitely recommends Sundae for selling distressed properties.

✅ Holly B loved the smooth selling process followed at Sundae. She has no regrets about working with Sundae.

Sundae Real Estate: Complaints

❌ CJS. did not like the lowball offers at Sundae. He suggests home sellers to research properly before finalizing Sundae.

❌ Tara T was frustrated with the unresponsive and ignorant behavior of Sundae’s team.

Sundae Realty: Pros & Cons

Let’s look at the pros of the Sundae online marketplace.

👍Pros

• Multiple Cash Offers: You receive up to 3 cash offers. Select the best one for yourself.
• Faster Sales: Sundae allows you to set a closing window of 10-60 days which ensures faster sales.
• Advance Cash: You can get up to $10,000 as cash advance after signing the purchase agreement.

👎Cons

• Offers Below Market Value: To maximize their profits, investors will make an offer that is much less than the true market value.
• Limited Coverage: Sundae only operates in 11 locations.

Sundae Real Estate Competitors

» Jump to: Sundae vs. Houzeo | Sundae vs. HomeVestors | Sundae vs. Opendoor

1. Sundae vs. Houzeo

If you want to sell your property faster for cash, Sundae can definitely help you out. However, chances are you will attract below-market offers.

On the contrary, if you list on the MLS using Houzeo, you can be sure of better deals due to maximum exposure. Houzeo even compares the best offers using its tech-centric platform.

2. Sundae vs. HomeVestors

HomeVestors is the parent company of We Buy Ugly Houses. They are a network of real estate investors. HomeVestors doesn’t bid on your property. Instead, they evaluate your property’s value and send you a cash offer.

As compared to Sundae, you can close much faster with HomeVestors. However, Sundae can net you more cash with their bidding culture.

3. Sundae vs. Opendoor

Opendoor has a stricter closing window than Sundae. Moreover, the company is very selective about the homes they buy. Sundae, on the other hand, accepts homes as they are.

As far as reach is concerned, Opendoor has a better geographical reach than Sundae. But when it comes to selling experience,, Sundae is a much better option. Sundae provides concierge services to streamline the selling process.

Companies Like Sundae Marketplace Near Me🔍

Here are some other cash buyers and cash buyer marketplaces near you.

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 gives you an opportunity to get 100% FMV of your house in cash.
• Sell to an iBuyer: iBuyers purchase homes needing minimal repairs in as-is condition. They can be a great option if you want to sell your house fast. However, iBuyers have stricter criteria as compared to cash buyers.
• 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%. However, they offset these discounts by offering limited services.

Is Selling on Sundae.com Worth It?

The clear answer is ‘it depends’. Sundae is worth it in situations where you need quick cash. Moreover, it can be a good option when your property is in a distressed state.

However, there are smarter ways to sell if your property is in a fairly decent condition. One such way is listing on the MLS. You can do this via Houzeo within 24 hours. Houzeo connects you with multiple cash-buyers offering better deals.

» Houzeo Reviews: Check out why more than 7,800 home sellers have rated Houzeo 4.9 stars out of 5.

 

Sundae Homes: Frequently Asked Questions

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