✏️ 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.
Based out of Virginia, Express Homebuyers is a company operated by a network of cash home buyers in the USA. Since 2003, the company has helped over 4,000 home sellers get reasonable cash offers in a hassle-free way.
Key Takeaways
- Pros: Express Homebuyers makes all-cash offers on your property and closes in as little as 7 days.
- Cons: They extend lowball cash offers. They may even spam you with calls, emails, letters once you register with them.
- Bottomline: Selling your house to Express Homebuyers means you leave a lot of money on the table. We recommend you to instead collect and compare offers from all local cash buyers by listing your house on the MLS via companies like Houzeo.com.
What is Express Homebuyers?
Express Homebuyers is a nationwide network of real estate investors that buys homes for cash and promises to close a sale in as little as one week.
Express Homebuyers uses a franchise model. This means that each office of Express Homebuyers is independently owned and operated by local cash home buyers.
So, your experience with the company is determined entirely by how your local franchisee deals with you throughout the process.
Express Homebuyers Overview
| Type of Buyer | Cash buyer |
| Founders | Jud Allen and Brad Chandler |
| Service Fee | None |
| Time to Offer | Within 7 minutes |
| Time to Close | 7 to 30 days |
| Headquarters | Virginia |
| Customer Reviews Rating | 4.2 out of 5 stars (Express Homebuyers reviews) |
» We Buy Houses for Cash Companies: Check out America’s top 10 companies that buy homes for cash.
How Does Express Home Buyers Work?
Getting a cash offer for your home from Express Homebuyers is easy.
Step 1- Ask for a Free Consultation
Call Express Homebuyers or submit an online inquiry form on the Expresshomebuyers.com website. You’ll need to provide your contact information and your property address.
Step 2- Receive an Initial Cash Offer
An Express Homebuyer specialist will contact you and ask questions about your house. Based on the remote evaluation, they will make an initial all-cash offer for your house.
Step 3- Schedule an Inspection
If you accept their offer, the property specialist will arrange a time at your convenience to visit your home for an inspection.
Step 4- Receive a Final Cash Offer
After taking repairs and the property condition into consideration, Express Homebuyers will make you a final cash offer. The specialist will also address your queries and walk you through the cash-buying process.
Step 5- Close the Deal in as Little as 7 Days
Most of the time, you get 30 days to consider the offer. Once you accept their cash offer, Express Homebuyers will initiate the paperwork. They close fast, in as little as 7 days.
How Much Does Express Home Buyers Pay?
Express Homebuyers reviews from past customers highlight that their cash offers are much lower than the property’s market value.
Cash home buyers like Express Homebuyers pay 55% to 70% of your property’s “After Repair Value (ARV)”. The ARV is usually calculated as:
Your Estimated Express Homebuyers Offer = (After Repair Value x 0.7) – Estimated Cost to Rehab Your Property
If your property’s after-repair value is $500,000, Express Homebuyers will offer you only $300,000. This assumes a rehab cost of $50,000. You will be accepting $200,000 less than your property’s market value for the convenience of an immediate cash offer from Express Homebuyers.
👉 Our Take: We recommend you collect offers from all local and national cash buyers by listing on the MLS via flat fee companies like Houzeo.com.
Express Homebuyers Reviews
Express Homebuyers reviews online have an average rating of 4.2 out of 5 stars. We found some recurring complaints and praises about the company in these reviews. Let’s look at them in detail below.
| Express Homebuyers Reviews | Rating (Out of 5 Stars) |
| Google (112 Reviews) | 4.2 |
| Trustpilot (25 Reviews) | 4.3 |
| BBB (26 Reviews) | 4.8 |
Express Homebuyers Reviews: Praises
Most positive Express Homebuyers reviews highlight the fast closing times and professional staff known for their communication skills.
1. Sandy praised Express Home Buyers’ “smooth and fast” closing process.
2. Thomas had to change the closing date several times, and he praised Express Home Buyers for cooperating with him.
3. Jacqui was pleased that Express Home Buyers took care of the sales and closing process of her old in-laws’ house, who were willing to leave money on the table in exchange for a simple, stress-free process.
Express Homebuyers Reviews: Complaints
The primary complaints in Express Homebuyers reviews are that they make lowball initial offers or lower them later with little explanation, and don’t readily accept “No” from home sellers.
1. Jason Lowey and John James both complained about Express Homebuyers’ insulting “lowball offers”.
2. Mary highlighted that the company makes an initial offer and later lowers it with little explanation.
3. One client highlighted the incessant spamming of Express Home Buyers.
Express Homebuyers Benefits
✅ They Simplify the Process
Express Homebuyers makes the home selling process hassle-free and stress-free. Once you show interest in selling your property to them, they take over the inspection, assessment, documentation, and closing processes.
✅ They Close Fast
Express Homebuyers promises to close in as little as three weeks. A regular listing takes approximately 55 to 70 days to close, according to Zillow. A distressed property, on the other hand, may take much longer to exit the market. So, the difference is notable.
✅ They Give Ample Time to Consider
Most Express Homebuyers’ cash offers are valid for 30 days. This gives you ample time to ponder over it, look for other cash offers in the market for your property, and arrive at a firm decision.
✅ They Make All-cash Offer
Express Homebuyers inspects your property and makes an all-cash offer after taking repairs into consideration. So, they can be an option for those in desperate need of cash.
✅ They Cover the Closing Costs & Service Charges
Express Homebuyers takes care of the seller’s closing costs. As a seller, you don’t need to pay for anything. You just need to be willing to give up on receiving a fair price for your house.
Express Homebuyers Drawbacks
⛔ They Make Lowball Offers
The speed of the deal and the cash come with a major drawback – you get pennies for your dollar. Your home is appraised on the following factors:
- The current condition of the property
- Time and costs required for renovations and maintenance
- Real estate commissions required to sell the home
Ultimately, Express Homebuyers aims to make a profit. So, considering the above factors, you’re unlikely to receive a fair market value for your house.
⛔ They are Likely to Reduce the Initial Cash Offer
A common Express Homebuyers complaint is that the company tends to lower the cash offer at any point during the sales process. So homeowners should keep in mind that no offer from Express Homebuyers will actually be final until you get paid.
⛔ Lack of Representation
A realtor or an agent negotiates for your property on your behalf for a 3% average real estate agent commission. In the absence of a representative, you’ll likely find it challenging to get top dollar for your property.
Another way you can circumvent traditional intermediaries and still get the highest bid for your property is through For Sale By Owner websites.
⛔ No Control Over the Quality of Service, State-wise
Each Express Homebuyers’ office is a franchise. Local real estate investors independently own and run them. So, your experience with the company is determined entirely by how your local investor pilots you through the process.
⛔ Incessant Spamming
According to some Express Homebuyers reviews, home sellers have complained about being pestered by Express Homebuyers investors with emails, calls, and messages after they denied the cash offer.
Express Homebuyers Alternatives
No matter what situation you’re in, we advise you to spend a few days looking over Express Homebuyers’ superior substitutes. This will ensure that you receive a fair market price for your home and prevent financial loss.
1. iBuyer Companies
iBuyers, short for instant buyers, are large real estate companies that buy homes for cash. iBuyers have a strict standard for buying homes. They acquire a home in fairly good condition that they can list quickly. They too make an all-cash offer within 48 hours and can close within two weeks.
» iBuyer Reviews: Check out our 2023 rankings for all iBuyers companies in the U.S.
2. We Buy Houses For Cash Companies
“We Buy Houses for Cash” companies are cash home buyers that function differently than iBuyers. These companies prioritize resale earnings by purchasing homes at a significant discount to the market value.
3. Sell in the Open Market Without a Realtor
Working with Express Homebuyers means underselling your home. But thanks to technology, you can now sell your house quickly without any intermediaries.
Selling a house without a realtor is easier than ever and the process is not as daunting as you may think. The best For Sale By Owner sites and Flat Fee MLS companies like Houzeo.com make the home-selling process a cakewalk. And they ensure top dollar for your property.
» How to Sell a House by Owner: Know the ins and outs of selling a house on your own in America.
Bottomline: Should You Sell Your House to Express Homebuyers?
Sometimes you just NEED to move your property quickly. But you should only consider selling a house to Express Homebuyers if:
- You want a quick, hassle-free sale
- You’re willing to leave money on the table
- You don’t want to spend on repairs
Under any other circumstances, we do not recommend selling your home to expresshomebuyers.com.
Instead, listing on the MLS via a flat fee company like Houzeo.com will expose your property to local and national cash home buyers, and help you get top dollar for your property.
» Sell My House Fast For Cash: Find out how you can get top dollar for your property and still close fast.
