Seller’s Advantage is a SoCal-based cash home buyer company. They purchase houses as-is. So, you can sell your home to Seller’s Advantage even if it needs major repairs or facing any financial distress.
Seller’s Advantage is known for their fast closing time. They typically close on a house within 10 to 14 days of offer acceptance. Moreover, you can also move out in your preferred time frame.
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Cash buyers like Seller’s Advantage offer 50% to 70% of your home’s FMV. Although Seller’s Advantage doesn’t disclose anything about their offer amount, they likely follow a similar trend.
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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 Seller’s Advantage vs. Houzeo.
Is Seller’s Advantage Legit?
Seller’s Advantage is a legitimate cash buyer company in Southern California. The company was founded by Damon Lines in 2015. Seller’s Advantage has headquarters in Irvine, CA. They have been accredited by the BBB with an A+ rating.
Properties Seller’s Advantage Purchases
Cash buyer companies like Seller’s Advantage purchase all kinds of homes. So, whether your home needs significant repairs or is on the verge of foreclosure, Seller’s Advantage will buy it.
Some of the eligible properties include:
- Homes with structural damages
- Rental properties with bad tenants
- Inherited houses
- Houses facing foreclosure
Seller’s Advantage Coverage
Seller’s Advantage operates in San Diego, Orange County, Riverside, San Bernardino, Los Angeles, and Ventura Counties in California. They claim to buy houses in other markets as well. However, the information about the additional markets is unclear.
How Does Seller’s Advantage Work?
Getting a cash offer from Seller’s Advantage is straightforward:
- Contact Seller’s Advantage: Reach out to Seller’s Advantage to initiate the process. You can contact them through sellersadvantage.com.
- Schedule Assessment: Seller’s Advantage will conduct a physical home inspection of your property.
- Get an Offer: Seller’s Advantage will make a no-obligation cash offer. If their offer doesn’t meet your expectations, you can walk away.
- Close on the House: If you accept the offer, you can close on the house without any commission. Seller’s Advantage usually closes on the house within 10 days to 14 days.
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No Priliminary Cash Offer: Seller’s Advantage doesn’t provide any intial offer before inspection. Usually cash buyers tend to do that.
How Much Does Seller’s Advantage Pay?
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A cash buyer typically offers 50% to 70% of the fair market value of a house. This price is based on the condition or any other situation associated with the house.
While Seller’s Advantage doesn’t disclose details, customer reviews imply their offers fall within a similar range. For a house worth $450,000, you might get $315,000 to $225,000.
Market conditions, local real estate trends, and seasonal fluctuations also impact the offers. So, if your house is near the RBOC building, you might get a better offer. If that is not the case, your offer may be a lowball one.
Seller’s Advantage Reviews
Here are the ratings of Seller’s Advantage on different websites:
The positive reviews of Seller’s Advantage revolve around the convenience of the sale. On the other hand, their negative reviews highlight the lowball offers.
Seller’s Advantage Reviews: Praises
✅ Kary was taken away with the services of Seller’s Advantage. She loved the promptness of the company.
✅ Tamara had a great experience with Seller’s Advantage. She appreciated the compassion and consideration of their representatives.
Seller’s Advantage Reviews: Complaints
❌ Harry said Seller’s Advantage’s fast sale is only worth it when sellers don’t care about their home’s equity.
❌ L Reyes felt Seller’s Advantage is a ripoff. They advised home sellers not to sell a home to this company.
❌ Jyll was highly frustrated over Seller’s Advantage reneging on their legal contract. The company highlighted issues with the property after extending the offer, despite a prior inspection.
Pros and Cons
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Let’s see the pros and cons of the Seller’s Advantage:
👍 Pros
- Buys Houses As Is: With Seller’s Advantage, you can sell a home even if your property faces foreclosure or needs heavy repairs.
- Quick Closing: As per Seller’s Advantage reviews, they close in as little as two weeks. They also have a flexible timeline and can close on a date suitable for you.
- No Commissions: You don’t have to pay any agent commission or other closing costs when you sell your home to Seller’s Advantage.
- No Contingencies: Cash buyers don’t rely on mortgage approvals or home inspections. This limits the uncertainties associated with the sale.
👎 Cons
- Lowball and Unfair Cash Offers: Your cash offer could be 50% to 70% of your home’s market value. Several Seller’s Advantage reviews also highlight this fact.
- No Scope for Negotiation: With Seller’s Advantage, you don’t have room to negotiate your cash offer. You can either accept what they offer or walk away.
- Limited Coverage: Seller’s Advantage limits its coverage to SoCal. They claim to have a presence in major metropolitan markets in the US. However, information about these locations is not available on their website.
- Sub-par Customer Services: As per multiple reviews of Seller’s Advantage, their representatives are unprofessional. They don’t show up for inspection or change offers after your acceptance.
Seller’s Advantage Competitors
» Jump to: Seller’s Advantage vs. Houzeo | Seller’s Advantage vs. Opendoor | Seller’s Advantage vs. HomeVestors
1. Seller’s Advantage vs. Houzeo
Seller’s Advantage is a cash buyer company. On the other hand, Houzeo acts as a cash buyer marketplace. So, while Seller’s Advantage only gives you 1 non-negotiable offer, with Houzeo, you can list your properties on the MLS.
Top cash buyers like Opendoor and Offerpad extend offers on Houzeo’s MLS listings. Moreover, an MLS listing via Houzeo helps you market your property to a wide pool of buyers. They may even offer 100% FMV of your house.
2. Seller’s Advantage vs. Opendoor
Opendoor is an iBuyer that extends cash offers. They pay up to 80% of your home’s FMV, better than what Seller’s Advantage offers. However, Opendoor has strict eligibility criteria and doesn’t buy properties as is.
Moreover, Opendoor deducts a 5% service fee, closing costs, and repair costs from the offer. You can save on these costs with Seller’s Advantage.
3. Seller’s Advantage vs. HomeVestors
HomeVestors is a cash home buyer. Their offers are more or less similar to Seller’s Advantage – 50% to 70% of your home’s worth. HomeVestors operates in 47 states and DC. If Seller’s Advantage is not available in your area, 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 Sell Your House to Seller’s Advantage?
Seller’s Advantage is great for home sellers who want to sell as is. You enjoy a hassle-free process, quick closing, and a non-contingent cash offer. Your offer will be 50% to 70% of your home’s FMV.
However, if your priority is to get most of your home’s equity, we recommend you list your home on the MLS. Multiple local and national cash buyers extend offers on MLS listings.
Moreover, 34% of buyers on the MLS make an all-cash offer. So, you can get 100% FMV in cash with an MLS listing.
Frequently Asked Questions About Seller’s Advantage
Real Estate Reviews Seller
Source: https://t-tees.com
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