In recent years, 72Sold has rapidly emerged as an option for selling your property quickly. The company promises a turnover of a little over a week, leading to many people choosing it as a solution.
However, some things are too good to be true. Working with 72Sold may not be the best approach, and Andrew the Home Buyer is here to shed light on the truth. Keep reading to learn more about 72Sold and if they’re legit.
What Is 72Sold? Understanding the Up-and-coming Real Estate Company
72Sold works as a virtual real estate broker. The company’s primary clients are people who want to sell their houses. On its website, 72Sold claims to sell properties with a very short turnaround time — as short as eight days. In addition, 72Sold claims that each property sells for 7–8% higher than the median sales price of the owner’s local multiple listing service website.
Thanks to their business model, 72Sold has become one of the 500 fastest-growing companies in the US. The company has also earned awards and great reviews. However, things may not be as they seem.
Is 72Sold Legit?
Yes. 72Sold seems to be a legitimate company and is recognized in the industry thanks to its seemingly overnight success. However, some question its authenticity because of its seemingly predatory tactics. More critical clients have even mentioned that 72Sold’s business model doesn’t benefit the buyers, sellers, or real estate agents who work with it.
Common Complaints and Reviews
When you initially look at 72Sold’s reviews on Google, you’ll see stellar testimonials and an attractive 4.9-star rating. Upon closer inspection, you’ll find that most of these reviews are from partner agents, not clients. The critical reviews from clients are buried because of the sheer number of realtor testimonials.
To find more realistic reviews, you need to check out less biased sources like online forums and blog posts. So far, we’ve seen complaints like the following.
Missed Higher Bids: 72Sold’s agents are adamant that the sales price they assign to your house is the highest there is. Add the short sale time, and many clients could lose out on higher bids.
High-pressure Tactics: The program restricts property viewings to only 90 minutes on weekends. Then, all offers must be placed the following Monday. Some clients felt pressured to choose immediately from these offers since they’d been told that new offers wouldn’t likely come their way.
72Sold Fees, Commissions, and Hidden Costs
The company typically charges a fee of 5–6% of the sales price. This amount serves as the commission for the company’s services. While there are no apparent hidden costs, you will still need to handle closing costs, staging expenses, and other charges associated with a traditional sale. After all, 72Sold still follows the typical real estate transaction.
Are There Scams Involved With 72Sold?
There are no scams to speak of. The company’s methods are perfectly legal, but they can be misleading and highly dependent on the market. The company was able to sell houses quickly during 2021 and 2022 because of the volatile market. Many buyers were eager to purchase properties, which isn’t the reality in the current market.
Another way 72Sold can be misleading is how the company markets itself. The obvious indicator is the artificially inflated Google reviews, which may give sellers a false sense of confidence. The program also has an aggressive approach that pressures buyers into taking an offer without much consideration.
Andrew the Home Buyer Is the Trusted and Better Option
The main appeal of 72Sold is that it promises to sell your property in as quick as eight days. However, this turnaround is not guaranteed, and some reviews have mentioned that it took around 60 days to finally sell the property.
If you want to sell your house in the shortest time possible without a realtor, you’re better off working with a cash buyer like us at Andrew the Home Buyer. Our team has a time-tested process that allows you to get rid of your property in as short as a week.
Get Cash for Your House: The Benefits
Going for a cash buyer has a few advantages you won’t encounter in a traditional sale. Here’s what to expect.
Sell Your Property in As-Is Condition
Cash buyers like us will buy your property regardless of its current state. We will take it whether it has hidden water damage or unfinished probate. That way, you can get rid of the property without having to do repairs or address legal issues. With 72Sold, you may need to handle these challenges before selling your home.
No Fees, More Profit
We don’t charge commission fees, which are expected with 72Sold or with real estate agents. You receive the entirety of the cash offer.
Fast, No-Hassle Process
Andrew the Home Buyer uses a three-step process to ensure quick and convenient transactions. First, you submit information about your property. We’ll assess the details and send back a cash offer. If you accept, you can pick the best closing date and get your cash. Best of all, we allow you to stay at your home rent-free for 30 days as you prepare for the move.
No High-Pressure Tactics
It’s up to you whether you accept the cash offer or not. In addition, we won’t pressure you to close the sale as soon as possible. Do it at your own pace, but you’re welcome to sell the property quickly to our team.
Get to know Andrew and the story of our company. We’re the trusted AZ home buyer who has partnered with many property owners. Our simple process and honest approach make us the top choice for those who want to sell their home quickly.
