The Buy Guys Review – Should You Get An Offer From Them?

The Buy Guys presents itself as a convenient solution for homeowners looking to sell their properties swiftly and without the usual hassle associated with traditional real estate transactions. 

Operating in Florida, Georgia, and Alabama, this company pledges to offer cash for houses in any condition, emphasizing a quick, easy, and primarily virtual process for the seller. While the promise of a hassle-free sale is appealing, especially for properties that might otherwise be challenging to offload due to their condition or other complicating factors, potential sellers should approach with a discerning eye. 

The allure of fast cash and an expedited closing process might come at the cost of receiving a lower offer than the market value. As with any business proposition that seems too good to be true, it’s prudent for homeowners to thoroughly investigate The Buy Guys’ process, compare it against other selling avenues, and consider the real value of convenience versus potential profit.

How Does The Buy Guys Work?

Their process, broken down into five steps, is designed to streamline the sale of single-family homes, multi-family units, townhouses, and apartments, regardless of the property’s condition. This operation is emblematic of a growing trend in the real estate industry towards efficiency and technological integration, but it also raises questions about the depth of assessment and the fairness of offers in such a rapid transaction environment.

1. Initial Contact: Sellers initiate the process by either calling The Buy Guys directly or filling out an online form. This first step is relatively standard across the real estate industry, though it underscores the company’s commitment to accessibility and immediate engagement.

2. Consultation: A certified real estate expert from The Buy Guys conducts a brief interview to understand the property’s value and the seller’s circumstances. This interaction is crucial, as it sets the stage for the offer, but the depth and thoroughness of this consultation can significantly impact the offer’s fairness.

3. Offer: Utilizing advanced buying tools, The Buy Guys then presents a cash offer over the phone. The promise of no hidden fees or deductions at closing suggests transparency, yet the reliance on virtual tools to assess the property’s value without an in-person visit might not fully capture the home’s nuances or potential market value.

4. Contract: If the seller agrees to the offer, a contract is sent for review and acceptance. This step moves quickly to maintain the momentum of the sale, but it also places pressure on sellers to make fast decisions, potentially without exploring all their options.

5. Closing: The final step involves setting a closing date, after which the seller receives their money. The Buy Guys emphasizes speed throughout this process, with the entire transaction potentially wrapping up in as little as 10 business days.

What Kind of Homes Does The Buy Guys Buy?

The Buy Guys isn’t picky about the types of properties it purchases. Here’s a glimpse of what they look for:

• Homes in Need of Repair: Properties that would benefit from some TLC, including major renovations or minor fixes.
• Foreclosure Properties: Homes at risk of or currently going through the foreclosure process.
• Inherited Properties: If you’ve inherited a property that you’re looking to sell quickly and hassle-free.
• Rental Properties: Landlords looking to divest from rental properties, whether they’re occupied by tenants or vacant.
• Relocation: Homes from owners needing to sell quickly due to a job relocation or other urgent moves.
• Divorce Settlements: Properties that need to be sold as part of divorce proceedings.
• Anything ‘As-Is’: From condos and duplexes to mobile homes, The Buy Guys buys properties in any condition, in any location within their service areas.

By offering to buy a wide range of properties ‘As-Is,’ The Buy Guys simplifies the selling process for homeowners, ensuring they don’t have to worry about the condition or type of their property when looking to sell.

What People Think About The Buy Guys

“I have to say this is the most professional company I have worked with yet in regards to realestate. Chris Lupo and his team were very helpful in getting everything put together. The turn around time was amazing. And what I want to say I appreciated the most as a disabled Veteran was being treated like my business mattered to the company [that’s hard to find in these times]. I would gladly work with them again. Well worth the phone call!”

The first review praises the company, highlighting the professionalism and quick turnaround time experienced by a disabled veteran. The reviewer appreciates being treated with respect and values the interaction, suggesting a level of customer service that respects and honors its clients’ backgrounds and circumstances.

“DO NOT TRUST THESE PEOPLE! They will waste your time and keep lowering their offer, and then pressure you to say yes. David even asked me if I’d be “ready to make a decision today” after our first conversation! The second conversation consisted of a lower offer and the threat of it continuing to go down. No pressure…right.

If you check out their 1-star reviews on here, they have lowered their offers in the past even AFTER they had a contract, and then the customer needed to hire a lawyer to fix the problem. Also, check out their 1-star reviews on the BBB’s site. They threw a woman and her newborn out on the street when they had initially promised that she could stay in the house 60 days after closing. Instead, they forced her out after only 30 days, basically refusing to honor their agreement. SHAMEFUL!!! They truly must have no conscience. The reviewer calls them “monsters,” and rightfully so.

I could never be desperate enough to deal with such bottomfeeders who are only trying to scam hard-working people like me, when they know that this home is all I have. They’re offering me $80,000 less than the value of my home simply because it needs $21k of repairs (which includes a new roof). ******Btw, that (LOW) value is provided by them. My house, fully repaired, could actually go for $20K more than their estimate, so I’m actually losing $100K just because I can’t afford to make the repairs myself!! I hope karma bites you you know where, David, Robert, and company!”

Contrastingly, the second review paints a starkly different picture, accusing The Buy Guys of untrustworthy behavior, including bait-and-switch tactics and a lack of compassion. The reviewer details a series of grievances, from lowball offers to the alleged mistreatment of a mother and her newborn, branding the company as deceitful and inhumane. This account suggests a predatory approach to business, exploiting vulnerable sellers under duress.

“Our tenant moved out and we wanted to sell our condo quickly, rather than continuing to rent. Andy from the Buy Guys made the whole process very easy, and took the condo over as is. We didn’t even have to clean. Closing was quick and easy, at the price and terms we had agreed on. No last minute changes or issues. It was quick and easy, and I highy recommend them”

The third review offers a return to positive experiences, with the seller noting the ease and convenience of selling a condo to The Buy Guys. This transaction seems straightforward and free of the complications and negative outcomes seen in other accounts, indicating that experiences can vary widely based on individual circumstances and perhaps the specific agents involved.

“I inherited my mothers house and was planning to sell to The Buy Guys since Junior Mendez had followed up with me during the year it took to get the title in my name. He sent me a contract on 12/15/21 for the agreed upon price but I couldn’t sign since the deed paperwork was still in process. I finally received clear title on 1/10 and called to let Junior know that I was ready to proceed. Unfortunately, Junior had moved to another department. I explained the situation and was told they could not honor the price. They wanted to offer more than $5,000 less than previously offered. Very disappointed and cannot recommend.”

The fourth review introduces a scenario of a deal gone sour due to internal changes within The Buy Guys. A previously agreed-upon price was retracted, leaving the seller out of pocket and highlighting potential issues with the company’s internal communication and commitment to initial agreements.

While some customers report positive and professional interactions with The Buy Guys, others outline experiences that raise serious concerns about trust, ethics, and respect for sellers. This dichotomy suggests that while The Buy Guys may offer a fast and convenient solution for selling property, potential sellers should proceed with caution, fully aware of the possibility of lower offers and less-than-stellar business practices. 

Engaging with this company requires a thorough evaluation of their offer in the context of one’s own circumstances and, perhaps, a readiness to consult legal advice should discrepancies or disputes arise.

What are some drawbacks that I have to consider?

While The Buy Guys strives to offer an exemplary service, potential sellers should consider these aspects:

Offer Value: Offers are based on the ‘As-Is’ condition of the property, which might not always match the market value if the home were sold through traditional channels after renovations.

Limited Negotiation: The efficiency of the process means there’s limited room for negotiation on the offer, which could be a drawback for those looking to maximize their returns.

Area of Operation: While serving a broad area, limitations may arise depending on specific locations within Miami or surrounding areas.

Tips for Sellers – Don’t Miss These Essentials

Selling your home is a significant decision that requires careful consideration and planning. Whether you’re working with The Buy Guys or exploring other options, here are some essential tips to help ensure a smooth and successful sale:

Understand Your Local Market: Research current market trends in Miami. Knowing whether it’s a buyer’s or seller’s market can help you set realistic expectations regarding the sale price and timeline.

Prepare Your Home: First impressions matter. Even if you’re selling ‘As-Is’ to a cash buyer like The Buy Guys, a little tidying up can make a big difference. Decluttering and a deep clean can make your property more appealing during the initial assessment.

Get a Pre-Sale Home Inspection: Understanding the condition of your home can help you anticipate any concerns that cash home buyers might have. This insight allows you to be more informed during negotiations.

Set the Right Price: If you’re considering alternatives to cash buyers, setting a competitive price is crucial. Use comparable sales in your area to guide your pricing strategy, ensuring your home attracts attention without leaving money on the table.

Consider Minor Upgrades: For sellers not strictly looking for a cash offer, small improvements can significantly impact your home’s marketability and sale price. Focus on cost-effective upgrades that offer a high return on investment, such as painting or updating fixtures.

Other Home-Selling Solutions to Consider

Exploring all your options before making a decision is vital. Here are a few alternative solutions to consider alongside or instead of selling directly to The Buy Guys:

• iBuyer Companies: Platforms like iBuyer.com use technology to offer a fast, fair, and straightforward selling process online. This option is perfect for sellers prioritizing convenience and speed.

• Flat Fee MLS Services: ZeroFeeListed and similar services allow you to list your home on the MLS for a low, flat fee. This increases exposure while saving you the high commissions associated with traditional real estate agents.

• Buying and Selling at the Same Time: Navigating simultaneous transactions can be challenging. iBuyer.com can connect you with partners to help coordinate the sale of your current home and the purchase of your new one, simplifying the process.

FAQ – Frequently Asked Questions