No repairs, no staging, no open houses. | Pros and cons | Locations | How it works | Sundae reviews | Top alternatives | Several of the negative reviews were simply upset that they ended up on sunade.coms mailing list and couldnt remove themselves, but hadnt actually used their service. However, most cash buyers including Sundae Real Estate pay well below market value for homes and rarely negotiate. Sundae has an easy-to-follow process for selling your home. To access Sundae's marketplace, investors go through a self-service vetting process that includes providing a social security number or speaking with an onboarding agent to confirm their identity. If you need a fast cash offer (e.g, youre facing foreclosure, getting a divorce, cant afford necessary repairs), Sundae is worth considering. Our friends at Clever can introduce you to pre-vetted real estate agents with strong reputations for selling homes quickly in your area. However, other iBuyers might be faster. The first is a wholesaler. THE NEW YORK TIMES BOOK REVIEW (front cover review) "A brilliant, instantly clarifying metaphor for the latest, arguably the most profound conceptual mega-shift to rock the world in living memory." The company recently raised $80 million in a series C funding round with the aim to expand its services and broaden its market base. Transection was very smooth, no hurdle of any kind were encountered. We'd be more than happy to provide customer references if that would be more. With them, you get one offer for your home, and its typically non-negotiable. Any user who does so will be dismissed from the platform. Better Business Bureau. And a good agent will tell you if they dont think theyll be able to net you more than what youd get from a cash buy. But even with competing offers from investors, the amount of money will probably still be far below your homes actual value. Because theres competition, and you could receive multiple bids, sundae.com claims that this leads to a fairer price for as-is sellers. Reviews of Sundae are largely positive, with sellers citing a fast, easy process and better-than-expected offers on their homes (though not always). was amazing and is far and above your competitors. Cash buyers, or iBuyers, like those on sundae.coms network offer buyers in situations like these a quick, convenient sale but what might you be giving up in return? You get 1% cash back when you buy your next home. Texas Real Estate Commission Information About Brokerage Services sundae.com/disclosures/texas. 49 states. Sundae is a licensed real estate broker in California (DRE # 02088298), Colorado, Florida, Georgia, Nevada (#B.0000528.CORP), North Carolina, South Carolina, Tennessee, Texas, Utah and Washington. Once the home inspection, initial title reports, and photos are prepared, your home will go live on Sundaes marketplace. With other cash buyer companies, sellers will often be forced to consider only one offer, with little or no room to negotiate. Hey! admin ; March 23, 2022 . Before you decide to sell your home on Sundae, its only natural that you might have questions about the companys process and how it works. Get free, objective, performance-based recommendations for top real estate agents in your area. Yes, but proceed with caution. I am so pleased with my home sale. Negative reviews relate, again, to difficulties getting off their mailing list. 6% seller rewards are estimates only. Adopting the slogan, homebuyers with heart, Sundae has built a reputation for helping homeowners get the best possible outcome when selling a home that needs significant repairs or cosmetic updates. Homes listed on Sundae receive an average of ten bids, with the highest bids coming within four working days. Find top local agents, save thousands on realtor fees! Without you and the whole sundae team, my home selling the way it did would not have been possible. Your reward will depend on purchase price, % buyers agent commission offered, and is subject to Richrs flat fee & lender approval. Best of all, sellers who list with a Clever agent pay just 1.5% in listing fees helping you get more for your home while saving thousands! You'll get the added support of a real estate expert in your corner all while you save big on selling your home. Sell Your House 'As Is' Through Simple Sale For some investors, this could be worth it due to the time savings. The company claims to offer investors competitive rates and quick pre-approvals, with underwriting documents reviewed only once a year. This competition generates multiple cash offers instead of just one, giving you the peace of mind that you will receive a fair price. With over 28,000 top agents in our network, youre sure to find a proven professional who can offer insights and options. Most sellers come to Sundae when dealing with less-than-ideal circumstances: In a difficult or urgent situation, homeowners can turn to Sundae to sell their home "as is" avoiding the costly and time-consuming headache of getting a property prepped for the market. Then said wholesaler will sell the agreement to an investor . Sundaes unique business model makes it an effective choice for sellers, especially since they can compare multiple offers. The process to list on sundae.com is simple. At closing, Zillow will deduct the selling cost, which is a 6% flat fee that includes the buyers agents commission, plus closing costs, repair costs, and a service charge which averages between 1.5% and 9%. If you dont have the funds to spare for repairs, cleaning up, and improvement, or face circumstances that require a rapid sale then you might consider using Sundae. He's an authority on iBuyers, cash home buyers, and moving companies. Vintage Walt Disney IceCream Sundae Mickey Mouse blue Dessert Bowl . The companys mission is to protect homeowners from exploitation in an off-market sale. If you need a swift home sale, but don't want to sacrifice a ton of equity to get it, consider working with a listing agent with a track record of selling homes fast. Sundae.coms buyers do have a home inspection performed after which the website brings you the four highest offers. Sundae Reviews Updated Feb 20, 2023 Find Reviews Clear All Full-time, Part-time English Filter Found 146 of over 150 reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Oldest First 2.5 28 % Recommend to a Friend 37 % Approve of CEO Josh Stech 81 Ratings If your offer is chosen, you'll need to put down a $20,000 non-refundable deposit to hold the home. Sundae real estate service is a home buyer marketplace where sellers looking to close a property rapidly or in as-is condition go to sell. Highly recommended! With no fees or contingencies, sellers can look forward to a transparent process that allows them back out at any time before closing. For some investors, this could be worth it due to the time savings. If you want to sell quickly, says Clark, "Research your agent and price the home right for the market.". 3 Beds. HomeLight, Inc. 100 1st Street, Suite 2600, San Francisco, CA 94105. Greatest job done. Some Sundae customers are disappointed after finding out how much an investor made after reselling their property later on. Since we didn't live in the area and both work full time, we didn't have the option of overseeing ourselves. As a general rule, investors offer a max of 70% of the homes anticipated resale value and they deduct the costs they anticipate putting into repairs. If you decide to accept Redfin Nows offer, theyll send a home inspector to conduct a thorough review. And if youre worried about high commission fees, UpNest can help! Homeowners receive around 10 bids on average and choose a buyer based on the three highest offers. Nearby Recently Sold Homes. Since launching in 2018, Sundae has expanded to 26 markets and grown a network of around 21,600 property investors. If you're not sure whether your home will qualify, it doesn't hurt to hop on an iBuyer's website and submit your information. However, it's important to keep in mind that investors typically pay 5070% of a home's fair market value so even with these savings, you still might Closings typically occur within 10 to 60 days, depending on the seller's preference. To get a higher offer, you have to look elsewhere. Read what customers have to say about Sundae! Traditional cash buyers, such as We Buy Ugly Houses, tend to make low offers. That said, top listing agents often have plans for getting homes sold quickly and for prices well above what you could get from an investor. We found the truth. You can expect to close in as little as 10 days or as long as 60 days, depending on your timeline. Connect with the best agents from top brokerages in your area, and receive a free home valuation! Colton Soper took care of everything, did exactly what he said he would and was available to answer all our questions. Sundae's network currently has around 2,600 pre-qualified investors that use its marketplace to place bids on rundown homes. Opendoor. Sundae strictly regulates communication with sellers. When you sign up for a membership online, you'll need to verify your identity by providing your contact information and Social Security number. Copyright 20042023 Yelp Inc. Yelp, , and related marks are registered trademarks of Yelp. Venture firms: Fifth Wall and General Global Capital led the funding round, alongside other investors such as Will Smith and Richard Seymour. Amanda was exceptional, always available and very knowledgeable. Sundae does not charge any fees for home sales on its platform. We help homeowners like you sell their homes faster, and give you cashback when you buy your next home. One customer gave a one-star review after seeing their former home sell for $100,000 more than they'd been offered just six I own several properties in San Diego and the information I received from the team, especially. They have stricter criteria for buying homes, but pay much closer to market value than cash buyers. Privacy Policy | Terms of Service. Michelle is an authority on companies that buy houses for cash and home building costs. When a homeowner wants to sell quickly, without the hassle of dealing with repairs or showings, its hard to beat the speed and convenience of a cash buyer. "Typically, the owner lets the buyer take over and move into the house without a mortgage, but after the buyer makes a down payment ," says Andrew Swain, co-founder and president of Sundae, a San. metros with healthy real estate markets. Investors must pay the Sundae Buyer Premium, the home inspection fee, and a $1,000 Admin Fee. Each iBuyer has slightly different purchase requirements, but most look for well-maintained, fairly cookie-cutter homes that fall within a certain price range for the area. Reviews of Sundae praise its end-to-end customer service (including a cash advance) and ability to drive relatively competitive offers from investors. Sundae's Essential plan lets you view all properties listed on its marketplace, but you can only bid on homes located in your primary market, which you select when you sign up. minus the costs of repairs. Not everyone has the time or money to make repairs for listing. Positive reviews say that it was a smooth process, mention excellent service, and professionalism. sundae homebuyers complaints. Be in bliss. Thanks! Instead, all expenses are shifted to the buyer. Opendoor is a quick and easy way to get money for your house. Investors pay to have access to properties, particularly since sundae.com has already had a home inspection performed before listing a home on the site. The company maintains a rating of 4.6/5 stars across multiple review sites and hundreds of customer reviews. With Sundae, multiple investors compete for your home within a single platform, allowing you to get a competitive off-market price without paying any fees or closing costs. Although youll get a cash offer for your home, Sundae isnt one of the usual we buy houses for cash companies. Youll also have to pay their fees. Sellers are able to receive all of the money from any offer they receive from Sundae home buyers. Receive an all-cash offer within a week and close in as little as 10 days. San Francisco, California, United States 101-250 Series C Private sundae.com 44,036 Highlights Total Funding Amount $135.7M Contacts 162 Employee Profiles 3 Investors 32 Similar Companies 10 Jun 13, 2022 Mar 15, 2022 Inman Communication with Jennifer and her team was very clear and transparent. COMPARE: any financing delays. They coordinated the inspection, escrow, and title transfer and sent us the proceeds less remaining loan. If you decide to accept an offer, Sundae will continue to lead communication through the rest of the transaction. Edge+ offers the same features as Edge, but gives investors the ability to bid in any of Sundae's markets nationwide. While there is no direct cost to use sundae.coms services, you may pay in terms of losing out on the higher price, and therefore profit, you might get by selling on the open market.