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?
Richr is a technology-driven real estate company designed to offer homeowners a fast, hassle-free selling experience. By leveraging advanced data analytics and a streamlined digital platform, Richr promises to simplify the home sale process and deliver competitive cash offers. In this review, we dive into every aspect of Richr—from its legitimacy and the types of properties they buy, to the selling process, payout, customer reviews, pros and cons, competitor analysis, and alternative options—so you can decide if selling with Richr is right for you.
Richr is largely considered to be a legitimate real estate investment company. Richr has an excellent online reputation, having achieved a 5.0-star rating on Google from 138 reviews. Many sellers commend Richr’s seamless process and quick cash offers. Moreover, Richr is a BBB Accredited Business and maintains an A+ rating on the platform, with an average of 4.78 out of 5 stars from 23 customer reviews. (Note that Richr has one complaint on record over the past three years and has unfailingly resolved all complaints made within the last 12 months.) Such numbers speak for themselves. Despite the unclaimed Yelp account, the overwhelmingly positive sentiment expressed through Google’s reviews and the BBB render it only fair to declare Richr a legitimate company.
Richr purchases all kinds of residential properties. Their model is designed for homeowners that want to sell their home for cash quickly versus selling on the open market.
Richr has selected high volume and strategic markets to provide competitive cash offers. Richr currently offers cash offers in the following major markets:
By providing a focused coverage that is based on major metros Richr is able to tailor its cash offer based on local market statistics ensuring that sellers receive an offer that reflects real-time regional data.
Richr’s purchasing process is simple and fast: Online Submission: Sellers must fill out an online form with information about their home, including location, condition, and main features.
This efficient, digital-first process eschews the traditional cost and timeline besetters and speeds time to liquidity.
The final payout you receive from Richr will be based on the cash offer you qualify for. Generally speaking, Richr’s cash offers tend to be between 70 % to 90 % of your home’s fair market value. While that percentage is likely less than what you could sell your house for in a conventional sale, the savings on agent commissions and the speed of the transaction can make that exchange worth it to a seller who needs fast cash flow.
Google: Richr has a 5.0-star rating on Google, averaged from 138 reviews. Many sellers note Richr’s speedy, efficient service and upfront process.
Yelp: Richr’s Yelp page is unclaimed, with 0 publicly available reviews. Richr’s extremely strong Google ratings help make up for this lack of feedback.
BBB: Richr is A+ rated and BBB Accredited, with an average of 4.78 stars across 23 reviews. Richr’s BBB record has only 1 complaint listed in the past 3 years, with no complaints resolved or unresolved in the last 12 months, reflecting an overall positive consumer experience.
Richr’s competitors are other companies that offer fast-sale and iBuyer services: Opendoor: provides similar “quick cash offer” services with stringent eligibility requirements.
When comparing Richr with its competitors, it is important to identify: Speed and Convenience: Richr’s digital platform provides rapid cash offers and quick closings similar to those provided by Opendoor and OfferPad.
Before settling on Richr, consider the following alternatives: Traditional full-service brokers: If your highest priority is achieving the best possible sale price and you want a more hands-on, personalized experience, you might net more with a full-service agent, even if the fees you pay are higher.
In conclusion, if you value the speed and ease of a digital cash offer process and need to sell quickly, Richr is one of the best options. The perfect Google and BBB accredited rating show that although you could be sacrificing in your final offer, most customers are still satisfied. However, if you are intent on receiving the highest sale price possible, you could find better solutions with traditional options or comparing different iBuyer processes.
You can determine if Richr fits your selling objectives by comparing benefits like speed and commission savings to the potential for selling a home for 70–90% of its market value.
Richr provides a contemporary and effective solution for homeowners looking for a quick, uncomplicated sale. Its excellent online reputation, precise local market exposure and efficient processes indicate that Richr could be a good choice if speed and a hassle-free sale are important to you. Consider your priorities and evaluate your options against the alternatives before you commit.