Garden State Cash Homes LLC
Is This Your Business?Author: Kaitlyn Short
Garden State Cash Homes LLC was founded in 2017 and buys homes for cash in New Jersey. It is led by Bry Baldwin, a real estate investor with years of experience.
Garden State Cash Homes LLC is a professional cash buyer firm in New Jersey. It specializes in buying houses for cash with fast closings. The company says it will consider a home no matter the situation or condition. The process it uses when buying a home is very simple. It looks at the location of the property, what repairs are needed, the current condition, and values of comparable homes sold in the area recently. This information allows the company to calculate an After Repair Value (ARV) and then come up with an offer.
Garden State Cash Homes LLC is very transparent about how it comes up with its valuations. In an industry that often has a bad reputation, this company stands out with its focus on transparency. Its cash offer process is an open book.
The company will even send homeowners its research on their property showing them how the cash offer was calculated, including the estimated renovation cost and its potential profit on the resale. Garden State Cash Homes LLC values transparency because it does not want homeowners to feel they are being given a low-ball offer.
Top Ranked Companies
The Good
- No Fees or Commission
- Free Consultation
- Fast Process
No Fees or Commission
When you sell your property to Garden State Cash Homes LLC, you will pay no fees or commission. A typical home sale through a real estate agent would incur a 6 percent commission on the sale to be paid by the seller. This can mean thousands of dollars paid to an agent to sell your home. For example, if it's a $100,000 house, you’ll likely pay around $6,000 in commission to an agent.
If you sell with Garden State Cash Homes LLC you will pay no fees or commission. However, the reality of cash home buyers is that you will likely receive a lower payout than if you listed the home on the market.
It is not an agency, it is a home buying company. It does not list houses and does not collect any commission for that reason. You will likely save thousands in fees and commissions by selling a property with Garden State Cash Homes LLC versus what you would pay if you worked with an agent.
Free Consultation
Garden State Cash Homes LLC provides free situation evaluations with zero obligation. This is a great option for those that are interested in finding out more information without feeling pressure. Interested sellers can share a few details about their property and the company will make an all-cash offer with no obligation.
Fast Process
Listing a home on the market and working with an average buyer that is financing their purchase can take months. If your home needs repairs or renovations and time is not on your side, then selling to a professional cash home buying company like Garden State Cash Homes LLC is a fast way to sell.
One of the main benefits of selling your house with a cash buyer is how quickly you can close the sale. If a seller is under a time crunch and needs to sell a home quickly, then going with Garden State Cash Homes LLC may be a great choice. Its typical escrow is a few weeks and if you need the funds sooner it may be able to work with you on an ever faster close.
The Bad
- You May Get Less Money
- Limited Reviews
You May Get Less Money
Garden State Cash Homes is upfront with sellers that they could likely make more money on the sale if they listed it on the market. This is the reality of working with a professional cash home buyer. The company has to make a profit as well.
Garden State Cash Homes LLC is transparent about the fact that it purchases most homes at below market value, so it can resell them at a profit. The company is looking to get a discount on the property in exchange for speed and convenience.
If you as a seller aren’t looking for a large “windfall” on the property but are looking for a quick close, fast cash, and not worrying about doing any repairs, then selling quickly to a cash home buyer may make sense.
Limited Reviews
When dealing with a professional cash home buyer, sellers should definitely look for reviews and ask for references before moving forward. This is because there are many scams within the industry such as contract bait and switches and equity skimming.
Garden State Cash Homes LLC has very few online reviews. Its Facebook page has only one vague review. Its company page has only a few reviews. And when you search Google for Garden State Cash Homes LLC, its business page is not accurate (a different business is featured).
The Bottom Line
Garden State Cash Homes LLC is a professional cash home buying company that operates in the state of New Jersey. Its focus is on providing homeowners with a fast way to sell their homes with no fees or commission as-is.
We appreciate the company's transparency about how the industry operates and the likelihood of a below market-value offer. This transparency should help sellers feel more comfortable moving forward. It also makes it easy for homeowners to get a free consultation and offer.
Because this company has limited reviews and there can be issues with scams in the industry, we recommend that if you are planning to sell with Garden State Cash Homes LLC that you have a trusted third-party verify any agreements.
