| ✍️ Editor’s take: Sundae is a market that pairs base sellers of dysphoric properties with investors. ice-cream sundae real estate reviews note that its business model gives you the best find for a senior high school off-market offer, compared to other cash buyer companies. |
Sundae is a real estate marketplace connecting sellers of homes in poor condition with a net of stipulate investors who buy houses for cash. Their serve attempts to solve a common problem : home sellers only receive one low off-market offer from a cash buyer party. Sundae allows pre-vetted investors to compete for your property by submitting bids, with the goal of giving you multiple offers to choose from. Overall, Sundae real estate reviews are more positive than other cash buyer companies, with sellers praising its customer servicing and singular business model. still, Sundae homebuyers are generally looking for good deals — meaning that evening the highest bids may be less than what you could earn on the open market. If you need to sell fast or your property is dilapidated, it ’ second constantly worth comparing all of your options. cagey can connect you with full-service agents who know how promptly homes are selling in your grocery store and how to get the best price possible on your sale. Best of all, if you list with Clever you ‘ll pay precisely $ 3,000 or 1 % in list fees ! » MORE: Sell quickly and get maximum value with a Clever collaborator agent !
What is Sundae real estate?
| Sundae, at a glance | |
|---|---|
| ???? Average customer rate | 4.7 out of 5 across 337 reviews |
| ???? Closing time | ampere little as ten-spot days |
| ????Locations | 22 cities |
| ???? Service fee | none |
| ???? Related companies | Sundae Homes |
Since 2018, Sundae has provided a platform for homeowners to sell their disquieted properties to bidding investors — allowing them to get the highest prize off-market for their home. The company has raised $ 16.55 million in Series A fund [ 1 ] and an extra $ 36 million in Series B fund to help expand and provide supernumerary services to sellers, like a $ 10,000 cash advance before close. Sundae presently has 1,500 pre-qualified investors that use their market to purchase summation homes. The company says homeowners receive around ten bids on modal and view the top three highest offers — which differs importantly from early cash buyer companies. Another blessing for sellers is that Sundae handles communication for both sides of the transaction procedure. You never have to worry about being in contact with the investor who purchases your dwelling. There are besides no Sundae fees or contingencies, meaning you can back out anytime before a shrink is signed .
Pros and cons of selling with Sundae
✅ Pros
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❌Cons
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Should you use Sundae real estate?
If you ’ ra considering selling with a cash buyer company, Sundae is one of your best options because you can get multiple bids for your house and sell on your timeline. The company claims the average dispute between the lowest and highest offers you could receive is $ 71,000. This shows that you can get more money for your base with Sundae than if you received a individual offer from a cash buyer party. Most sellers come to Sundae when dealing with :
- An inherited home
- Impending foreclosure
- A home that’s in poor condition
- A sudden or unexpected life event
however, Sundae ‘s convenience can come at a cost, which makes it a poor choice for the majority of sellers. It ‘s common for cash buyers to offer merely 50-70 % of a home ’ randomness fair commercialize value. In other words, listing your home on the open market could potentially double your proceeds ! clever can connect you with top-rated real estate agents who know how to position hard-to-sell homes in your local market. You can consultation as many agents as you like until you find person with the right field scheme for your goals and timeline. Best of all, sellers who list with Clever pay barely $ 3,000 or 1 % in listing fees — helping you save thousands !
???? Match with top local agents, get unbelievable savings!
Clever has saved thousands of happy customers over $ 50 million — we can help you keep more money in your scoop excessively ! With Clever : ✅ Sellers pay only $ 3,000 or 1 % in list fees ✅ Buyers get astir to 0.5 % cash spinal column on eligible purchases ✅ You ‘ll work with a full-service realtor with pricing expertness in your local market Clever ‘s serve is 100 % free, with zero duty. You can interview as many agents as you like, or walk away at any fourth dimension. Enter your energy code to find a top local agent nowadays !
Does your home qualify for Sundae’s marketplace?
Sundae presently works with sellers in 22 cities, including major cities like Los Angeles, Atlanta, and Seattle. If you live nearby or in the same county as these metro areas, Sundae may besides be able to work with you. adjacent, you ‘ll have to meet Sundae ‘s qualifications. Sundae specializes in listing homes and properties on their marketplace that need updates and repairs. If your home is in pristine condition, the party may decide not to work with you because investors won ’ triiodothyronine leverage homes that they can not flip. In that encase, we recommend listing your home on the assailable market to make certain you get the best potential batch. clever can introduce you to top rated real estate agents in your area. We pre-negotiate low listing fees of fair $ 3,000 or 1 % — helping you save thousands while getting bang-up service from a leadership brokerage !
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How Sundae real estate works
If you ‘re concerned in receiving an offer from Sundae actual estate of the realm ‘s homebuyers, the process is simple :
- Submit your information. Start by submitting basic information about your property online or by phone to see if your property is eligible.
- Book a home visit. If your property qualifies, Sundae will schedule a walkthrough with one of its local Market Experts, who can provide an estimate of how much Sundae homebuyers might offer for your home. If you decide to move forward, you’ll sign a Marketplace Agreement.
- Complete a home inspection. Sundae works with third-party home inspectors who will examine your home and take professional photos that are used in your Property Profile on the marketplace.
- Go live on Sundae’s marketplace. Once your home is posted on Sundae’s marketplace, investors can begin to place their bids.
- Review offers. After four business days, you can review the highest offers from investors. You can still back out without penalty, as long as you do so before signing a purchase agreement with the investor.
- Close the deal. Once you sign a contract with the investor, you can receive a $10,000 cash advance from Sundae to help with any expenses. You can expect to close in as little as ten days or as long as 60 days, depending on your timeline.
Does Sundae vet its investors?
Yes — investors affiliated with Sundae are pre-vetted by the company, though not arsenic thoroughly as other cash buyer companies like We Buy Houses. This means that you can have more assurance working with their investors than a private cash buyer, but there ‘s however some risk. Investors who sign up to work with Sundae have to go through an onboarding process that includes filling out a human body and talking with one of their specialists. They are not required to provide proof of funds or past home purchases before their score is activated. once a specialist approves their account, an investor can begin placing bids on available homes. If their crack is in the top three, they are required to write up a purchase Agreement and send it to the seller to review. If they are chosen, the investor must put down a $ 20,000 non-refundable monetary deposit to hold the home. They will then pay all escrow fees and costs for both sides during the conclude process. Sundae has strict rules when it comes to protecting their sellers. Any investor who attempts to reach out or drive by a place, unless permitted, will be dismissed from the platform .
Sundae real estate reviews
Sundae reviews from customers are by and large positive, with the Better Business Bureau [ 2 ] giving the company 4.58/5 stars and Yelp [ 3 ] averaging 4/5 stars .
| modal Rating | full Reviews | |
|---|---|---|
| slant median | 4.7 | 337 |
| yelp reviews | 4.5
Read more: History of Ice Cream Sundae |
58 |
| Reviews.io reviews | 4.75 | 245 |
| Better Business Bureau reviews | 4.32 | 34 |
Sundae real estate reviews note the company ‘s friendly customer serve, relatively high offers from investors, and helpful extra services like its cash progress. Andrew S. says that the offer he accepted from Sundae ’ s homebuyers was more than expected :
Nadia C. appreciated Sundae ’ s extra services for sellers, including the cash advance :
James M. was impressed with the senior high school grade of customer service :
While we had a hard time identifying damaging reviews, Sundae real estate complaints include feedback about the party ‘s selling tactics. For case, Karl B. said that the company kept sending him direct mailers after he had already sold his house :
How does Sundae compare to alternatives?
| Sundae | Cash Buyer Companies | Top Agent | |
|---|---|---|---|
| Editor’s take | ???? Best off-market value |
???? Fast offers, wide coverage |
???? Best price |
| Market value | 50-70 % | 50 % | 100 % + |
| Help negotiating | ❌ | ❌ | ✅ |
| Avg. time to offer | 4 days | 3-7 days | ~25 days |
| Avg. closing time | 10 days | 1-4 weeks | 4-7 weeks |
» COMPARE: We Buy surly Houses | HomeVestors | I Buy Houses | We Buy Houses | MarketPro Homebuyers | Expert Home Offers Compared to other cash buyer companies, Sundae real estate moves fast and is more likely to result in a competitive monetary value for your home. however, it ‘s still identical improbable that you ‘ll receive more than 70 % of your home ‘s fair market value when selling to any cash buyer. Listing your home can add several weeks to your timeline — but it can besides result in a higher sale monetary value that prevents you from leaving potentially thousands of dollars on the mesa. You ‘ll besides miss out on the casual to have a seasoned professional negociate on your behalf, which means you may be pressured to accept terms that benefit the investor rather than your interests .
Selling with Sundae vs. selling with a real estate agent
In most cases, listing with an agent will help you secure the most competitive deal potential for your dwelling sale. Sundae ’ s main top is that they can help you sell your home about immediately — typically within ten days of accepting an offer. If your buyer is using traditional finance, closing takes between 30 to 45 days on average. [ 4 ] however, you ‘ll entirely receive bids from Sundae ‘s investors, who typically pay a little as 50-70 % of your home ‘s bonny market value. By contrast, a real estate agent can help you get higher offers by marketing your home on the MLS — where the huge majority of buyers search for homes. cagey can introduce you to top rated actual estate agents who can help you sell on your timeline for the best possible price. You ‘ll get adept advice and wide service support, while our pre-negotiated rates keep commission fees depleted. On average, sellers save over $ 9,000 on commission !
???? Next Steps: Talk to an expert!
If you ‘re weighing your options for buying or selling a house, Clever can help !
Our fully-licensed concierge team is standing by to answer questions and provide free, aim advice on getting the best consequence with your sale or purchase.
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Give us a call at 1-833-2-CLEVER or enter your information below. Our concierge team will be in touch curtly to help.
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FAQs about Sundae Real Estate
once your home is listed on Sundae ‘s market, you ‘ll receive your offers within four days. You can expect to close in a little as ten days or vitamin a retentive as 60 days, depending on your timeline. Learn more. Yes, Sundae real estate is a legitimate market that helps home sellers attract cash offers from investors. ice-cream sundae veridical estate of the realm reviews praise its throughout customer service, extra services ( including a cash overture ), and ability to drive relatively competitive offers from investors. Read what customers have to say about Sundae ! There are no fees for using Sundae, and you ‘ll besides get to skip close costs. however, it ‘s important to keep in mind that investors typically pay 50-70 % of a home ‘s fair market rate — therefore tied with these savings, you still might earn less than you could on the open market. Compare Sundae to other companies that buy houses for cash.
