Swift Homes Reviews: Hassle-Free Process or Lowball Offers?

✏️ 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.

Swift Homes is a home-buying company that provides cash offers for properties. The company buys single-family homes, condos, multi-family and commercial properties. They also purchase distressed homes in need of repairs.

As per Swift Home’s website, they promise to give cash offers for your property within 1-2 business days. They offer a flexible closing timeline which could help you close at your convenience.

However, there is a trade-off for this convenience. Cash buyers like Swift Homes, usually extend lowball offers. Instead, listing your property on the MLS can attract offers that align with your property’s fair market value.

✍️ Editor’s Take: We recommend listing on a cash buyer marketplace. Here you can compare offers from multiple national and local cash buyers, rather than settling for just one lowball offer. Houzeo is one such top alternative. Compare Swift Homes vs. Houzeo.

Is Swift Homes Legit?

Yes, Swift Homes is a legitimate cash buyer company. This Georgia-based company was established in 2019. James Athanasopoulos is the co-founder and CEO of Swift Homes.

Swift Homes’s team has extensive experience in the real estate space. Their team members have been in the business for 20 years and have purchased over 5,000 properties across the United States.

Swift Homes is market agnostic. This means the company is not restricted by geographical areas and can purchase properties throughout the country.

Properties Swift Homes Purchases

Swift Homes purchases all kinds of homes. They specialize in purchasing single-family homes. Apart from this they also buy:

• Condos
• Multi-family
• Commercial property

🚩You Should Know: Swift Homes does not purchase mobile homes, manufactured homes , vacant lots, or land.

How Does Swift Homes Work?

The process of selling with Swift Homes is mentioned below:

1. Add Your Property Details: Fill out an online form on selltoswift.com. You will need to provide your contact information and property details on their website.
2. Get a Cash Offer: After you fill out the form, Swift Homes’ underwriting team will assess your property and send a cash offer in 1-2 days. If you accept the cash offer you have to sign a contract to establish yourself as a serious seller.
3. Schedule Home Inspection: After you sign the contract they conduct a third-party home inspection to gain a better understanding of your home’s condition.
4. Close the Sale: Swift Homes can close on your timeline — in a few weeks or a few months.

💡 You Should Know: After selling to Swift Homes, you can stay in the house by renting it back. This is subject to approval by their rental fund.

How Much Does Swift Homes Pay?

Swift Homes will pay around 50% – 70% of your home’s market value like any other cash buyer. For example, let’s say your home’s fair market value (FMV) is $300,000. Swift Homes might make an initial cash offer that will be around $210,000 (70%).

After you accept the initial cash offer the company will perform a third-party home inspection. If significant repairs are found, Swift Homes will get repair quotes and request a repair credit.

For example: If repairs are estimated at $20,000, the final cash offer would be the initial offer minus this repair credit. As a result, you will only get around $190,000.

» 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.

Swift Homes Reviews

The company has a 4.6 out of 5-star rating on Sitejabber based on 613 reviews. Swift Homes is a BBB-accredited company and has a 4.5 out of 5 star rating based on 17 customer reviews.

Several customer reviews highlight Swift Homes’s professionalism and have lauded their customer support. On the other hand, Sell to Swift Homes complaints highlight their below-market value cash offers.

Swift Homes Reviews: Praises

✅ Carolyn was satisfied with Swift Homes’s services. She also mentioned that she got a fair-price offer for her home.

✅ Bertha was pleased with Swift Homes’s staff support. She appreciated their staff for explaining to her the whole home purchase process.

Swift Homes Reviews: Complaints

❌ Steve expressed frustration and disappointment with Swift Homes. He felt that the company did not seem to care about disabled veterans.

❌ Nicole felt misled by what was written on Swift Homes’ website. She discovered a discrepancy between what was mentioned and their actual process.

Swift Homes Reviews: Pros and Cons

Swift Homes offers a convenient solution for sellers who want urgent cash. However, it is important to weigh the pros and cons to gain a clearer understanding of their services.

✅ Swift Homes Pros

Let’s see how Swift Homes matches up to these expectations:

• Buy As Is Houses: Swift Homes purchases houses as is. So, even if your property needs heavy repairs, you will get a cash offer.
• Fast Cash Offer: Swift Homes is known for extending cash offers within 1-2 business days. So, you can get cash in hand quickly.
• Quick Closing: Swift Homes has a flexible timeline and can close on a date suitable to you.
• No Service Fees: Swift Homes doesn’t charge any service fee when you sell your house to them.
• Scope for Negotiation: Swift Homes is open to reassessing the offer if the seller provides valid reasons or relevant information.
• Coverage: Swift Homes purchases homes across the United States.

⛔ Swift Homes Cons

Selltoswift.com complaints reflect the following disadvantages of the company:

• Lowball Cash Offers: Your cash offer could be just 50% to 70% of your home’s market value.
• Low Final Offer: Potential repairs identified in the inspection may lead to a reduction in the final cash offer, impacting the overall sale outcome.
• Sign a Contract: You have to sign a contract before you get a final cash offer.
• Home Inspection: This delays the home sale process as you have to wait until the standard third-party home inspection.

Swift Homes Reviews: Competitors

» Jump to: Swift Homes vs. Houzeo | Swift Homes vs. Grandview Homes | Swift Homes vs. Offerpad

1. Swift Homes vs. Houzeo

Swift Homes Inc.’s selling process may appear quick and easy. However, you get a lowball offer that is 50% to 70% of your home’s equity. Moreover, you get a cash offer from only one company.

On the other hand, listing your property on a cash marketplace like Houzeo.com can attract multiple offers. Your listing is syndicated to hundreds of real estate websites. So, you market your property to local and national cash home buyers looking for homes for sale.

2. Swift Homes vs. Grandview Homes

Swift Homes also has a similar business model to Grandview Homes. However, Grandview offers services only in Illinois and Wisconsin. On the other hand, Swift Homes is market agnostic.

3. Swift Homes vs. Offerpad

Offerpad is an iBuyer. They offer better deals than Swift Homes. Offerpad pays around 70% to 80% of your home’s potential value.

However, Offerpad has strict eligibility criteria for the properties they buy. So, if you wish to sell a distressed property, they are not an ideal choice for you.

“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.

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%.

Should You Sell Your House to Swift Homes?

Swift Homes is a good option if you’re in a rush to sell your home or lack immediate funds for necessary repairs to enhance its value. With them, you avoid the hassle of making repairs and you can sell your house in as-is condition. But you will not get FMV of your property.

Instead, list your property under 24 hours on a cash buyer marketplace like Houzeo.com. We provide wide exposure to your listing and help attract multiple cash offers. With Houzeo’s MLS packages, you can get top dollar for your property.

» Houzeo Reviews: Here’s why 6,000+ home sellers have rated Houzeo 4.9 stars out of 5 on Google and Trustpilot.

 

Frequently Asked Questions About Swift Homes

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