Charleston House Buyers Reviews – Should You Accept Their Offers?
Posted by cfh-adminPosted at July 18, 2024
6mins read.July 18, 2024
We’re real estate investors who buy houses with cash, as-is. We don’t make you repair defects, and we don’t have to get financing. We just put cash on the table and pay you for your house. So when do we need to close?
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Pros
No Repairs Needed: They relish making home repairs. Termite, water, or even fire damage doesn't deter them. They won't even require time for home inspections.
No Closing Costs: The only thing you'll need to worry about is showing up at closing and collecting your check. They handle all closing costs!
No Need to Clean: Moving, packing, and cleaning are a hassle! Leave behind anything unwanted, and they'll donate or dispose of it for you, eliminating another stressor.
No Commission: They are direct buyers, not looking to list your home. They are professional homebuyers who purchase distressed properties and renovate them for resale.
They Will Try to Match Other Offers: Give them a chance to surpass your current offer. It's free, and you might be surprised with a higher payout than expected.
Cons
Limited Transparency: Details regarding the breakdown of the cash offer and potential deductions are not readily available.
Geographic Restrictions: Their services seem limited to the Charleston area.
Limited Reviews: While existing reviews are positive, the overall number is limited, making it difficult to gauge a broader customer experience.
Selling a house in Charleston, South Carolina‘s charming yet competitive market, can be a complex process. If speed and convenience are high priorities, Charleston House Buyers (CHB) has likely caught your attention. This review dives into their legitimacy, services, customer experiences, and industry standing to help you make an informed decision.
Is Charleston House Buyers Legit?
Charleston House Buyers appears to be a legitimate company. Here’s a breakdown of their online presence:
Website: A user-friendly website outlining their fast cash offer process and testimonials from satisfied customers.
Online Reviews: Positive reviews on their website and scattered positive reviews on Google Reviews (potential for bias on company website).
BBB Accreditation: Accredited by the Better Business Bureau (BBB) with an A- rating and 1 complaint closed in the last 3 years (positive sign, but limited data).
While the lack of extensive independent reviews raises a cautionary flag, their BBB accreditation and positive testimonials offer a starting point.
What Types of Properties Do They Buy?
Charleston House Buyers focuses on purchasing single-family homes in the Charleston area. They advertise buying houses in “as-is” condition, potentially saving you time and money on pre-sale repairs. Here are some property types they might be interested in:
Traditional single-family homes
Bungalows
Condominiums (uncertain based on website information)
Inherited properties
Houses requiring repairs
Coverage
They Buy Houses in Charleston, SC. They Can Give You Cash For Your House in As Little As 7 Days, No Matter Your Situation!
Selling Process
Charleston House Buyers outlines a straightforward selling process on their website:
Contact: You can initiate contact through a form on their website or by phone. They claim a quick response time.
Cash Offer: They claim to provide a fair cash offer within 24-48 hours after reviewing basic information and photos of your property.
Closing: Once you accept the offer, they handle the closing process, aiming to close within 14 days.
Payout
The specifics of their payout structure are not readily available on their website. They emphasize offering cash upfront, but it’s crucial to get a written breakdown of the offer terms during initial contact. Be sure to understand any potential deductions or closing costs associated with the sale.
Reviews
Google Reviews: 5 stars with 20 reviews
BBB Reviews: A- rating with the Better Business Bureau (BBB) and 0 complaint.
Yelp : No reviews
The positive reviews highlight the convenience, speed, and professionalism of Charleston House Buyers. However, it’s important to consider the limited number of reviews and the potential bias of those on their website.
Pros and Cons
Pros:
No Repairs Needed, They Buy As-Is! : They relish making home repairs. Termite, water, or even fire damage doesn’t deter them. They won’t even require time for home inspections.
Their Services Are Free, They Cover Closing Costs! The only thing you’ll need to worry about is showing up at closing and collecting your check. They handle all closing costs!
No Need to Clean Up! Moving, packing, and cleaning are a hassle! Leave behind anything unwanted, and they’ll donate or dispose of it for you, eliminating another stressor.
No Commissions! They are direct buyers, not looking to list your home. They are professional homebuyers who purchase distressed properties and renovate them for resale.
Already Have an Offer? They Can Try to Beat It! Give them a chance to surpass your current offer. It’s free, and you might be surprised with a higher payout than expected.
Cons:
Limited Transparency: Details regarding the breakdown of the cash offer and potential deductions are not readily available.
Geographic Restrictions: Their services seem limited to the Charleston area.
Limited Reviews: While existing reviews are positive, the overall number is limited, making it difficult to gauge a broader customer experience.
Competitors
The Charleston cash-for-houses market is competitive. Here’s a look at some Charleston House Buyers’ competitors:
We Buy Any House
Offerpad
Sell My House Fast
Palmetto Home Buyers
Competitor Analysis
Considering other options before making a final decision is crucial. Here’s a quick comparison of Charleston House Buyers with their competitors in Charleston:
Feature
Charleston House Buyers
We Buy Any House
Offerpad
Sell My House Fast
Palmetto Home Buyers
Service Area
Charleston Area
Nationwide
Nationwide
Nationwide
Charleston Area
Property Types
Single-family homes (uncertain about condos)
Single-family homes
Single-family homes, townhouses, condos
Single-family homes, townhouses, condos
Single-family homes, townhouses
Cash Offer
Yes
Yes
Yes
Yes
Yes
Closing Speed
Up to 14 days
Varies
Varies
Varies
Varies
Online Reviews
Limited (mostly positive)
Extensive
Extensive
Moderate
Moderate
Other Options You Should Consider
Before selling to Charleston House Buyers, consider these alternative avenues:
Get Multiple Cash Offers: Compare offers from several cash-for-houses companies in the Charleston area to ensure you’re getting the best possible price. There are online platforms that connect sellers with multiple iBuyers (instant buyers) in your area, fostering a more competitive market.
Work with a Real Estate Agent: If market conditions are good and time allows, consider listing your house with a reputable real estate agent specializing in the Charleston market. Their expertise can help you achieve a higher selling price in a traditional sale.
Explore Renovation Options: Depending on your house’s condition and market trends, renovations could significantly increase its value before a traditional sale.
Charleston House Buyers presents a potentially attractive option for Charleston homeowners seeking a quick and convenient cash sale. Their A- rating with the BBB and generally positive reviews suggest a good track record. However, some key considerations remain:
Limited Transparency: Ensure you get a written breakdown of their cash offer outlining any deductions or closing costs. Don’t hesitate to ask questions and negotiate the terms before accepting their offer.
Get Multiple Offers: While Charleston House Buyers might seem efficient, comparing their offer with proposals from other cash-for-houses companies and potentially a real estate agent can help you secure the best deal.
Consider Traditional Options: If maximizing your return is a priority, explore traditional selling methods. While it might take longer, a real estate agent can potentially fetch a higher price, especially in a favorable market.
Choose Charleston House Buyers if:
Competitive Cash Offer Within 24 Hours : They offer a competitive cash offer within 24 hours. Simply tell them about your house, and their team will use their local market expertise to carefully evaluate it and provide you with a fair, no-obligation offer.
No Showings, No Hassles : They buy your house “as-is,” eliminating the need for open houses, weekend showings, or pre-sale repairs. You can avoid the hassle of showing your home to potential buyers.
You Choose Your Closing Day: Once they make an offer and you accept, they can close the deal in days, not months. This allows you to choose a closing date that best suits your needs.
They Pay All Closing Costs : Closing costs can be a burden, so they take care of them entirely. There are absolutely no extra costs or hidden fees associated with selling your house to them.
Zero Fees, Zero Commissions : As direct buyers, they don’t charge any fees or commissions. The sales price you agree on is the amount you receive.
They’ll Cover Any Repairs : Does your house need repairs? No problem! They’ll handle them for you. Additionally, you can leave behind any unwanted items, and they’ll haul them away at no extra charge.
Consider alternative options if:
You have time and want to maximize your return.
You’re open to making pre-sale repairs to potentially increase your selling price.
You value transparency and want a clear breakdown of the selling process and costs.
Here are some additional FAQs that might be helpful:
FAQs
Q: Will you list my house on the market or buy it directly?
A: They are direct home buyers, not real estate agents. They purchase houses in Charleston that meet their criteria and may either resell them after repairs or keep them as rentals.
Q: Do you offer full market value for properties?
A: Their offers typically fall below market value to allow for potential profit when they resell. They acknowledge that many sellers prioritize a quick cash sale with minimal effort over maximizing profit. The convenience of a fast sale, no need for repairs or agent fees, and a guaranteed closing date are some of the benefits they offer in exchange for a potentially lower price.
Q: How do you determine your offer price?
A: Their pricing process is transparent. They consider factors like location, necessary repairs, current condition, and recent sales of comparable properties in the area. They aim to arrive at a fair price that benefits both parties.
Q: Are there any fees or commissions involved?
A: There are no fees or commissions associated with selling your house to them. Their offer will typically cover closing costs as well. They profit by making repairs (if needed) and reselling the property at a higher price. This means the risk of selling rests with them, not you.
Conclusion
Selling a house in Charleston can involve complex decisions. Charleston House Buyers offers a fast cash-for-houses solution, but prioritizing transparency and exploring all options is crucial. Carefully weigh your priorities, conduct thorough research, and get multiple offers before making a final choice.