Swift Home Buyers offers homeowners an alternative to listing on the open market and paying the standard 5-6% commission. But is selling through the company worth it?
Homeowners in financial distress or those seeking to sell a home that needs significant repairs may want to look into Swift Home Buyers. The company specializes in fixer-upper properties that require repairs and advertises closing in as few as 10 days.
However, it’s crucial to understand that Swift Home Buyers operates like a real estate investor.
Sellers should only expect to earn 50-70% of the fair market value (FMV) if they choose the cash home buyer, meaning it may not be a good option to sell to the company if your home is close to being market-ready.
If you want the best cash offer from trusted real estate investors in your area, try Clever Offers. The online platform quickly matches you with top investors in your area — including national iBuyers like Opendoor — to help you find the best cash offer for your home.
🔎Swift Home Buyers at a glance
Overall rating: Third-party reviews are unavailable
Pros:
- Purchases homes in any condition
- Close in as few as 10 days
- No realtor commissions or closing costs
- Competitive cash offers
- Receive an offer the same day
Cons:
- Make less than the open market
- Little social proof with no third-party reviews
Company Details:
- Privately owned
- Headquartered in Jacksonville, FL
Service Area: Nationwide*
*The website claims they ‘invest in homes nationwide’, but the ‘purchasing homes in your area’ list only covers Northeast Florida.
Who Swift Home Buyers works best for
Swift Home Buyers is ideal for homeowners who need to sell their homes fast and as-is. The company advertises that it purchases homes that are/have:
- Condemned properties
- Roof damage
- Termite damage
- Fire damage
- Water damage
- Mold issues
- Difficult tenants
The cash-for-homes company is also available for homeowners who are in financial distress and:
- Owe back taxes on the property
- Have missed payments
- Are under a lien on the property
The caveat of selling to a cash buyer like Swift Home Buyers is that most cash companies typically offer prices well below fair market value, as they often flip homes for a profit (high offers are generally only 80% of FMV).
Swift Home Buyers may not work for
While the cash buyer might be the perfect fit for someone who needs to offload a home quickly, you might want to avoid selling to Swift Home Buyers if:
- You have a home that requires few repairs before selling
- You want to make the most money on your home sale
- You have the time to list with an agent on the open market
Even with all the costs associated with the open market (5-6% commission, closing costs, home inspection costs, etc.), homeowners typically stand to make more money selling through a trusted real estate agent.
Swift Home Buyers reviews
The company’s website features a few positive customer reviews of Swift Home Buyers. But those five-star reviews come with an asterisk attached.
After researching the Swift Home Buyers, we found no third-party reviews of the cash buyer. There’s also a profile for “Swift Home Buyers” at the Better Business Bureau, but the information attached does not match the company’s website.
While it is a potential red flag, the limited review information doesn’t necessarily mean that Swift Home Buyers isn’t a reputable company.
The lack of social proof online may mean that they are new, and it definitely means you need to do your due diligence if you want to consider them for your home sale.
When you contact the Swift Home Buyers for a quote, be sure to ask if:
- The company wholesales homes to other investors
- There is a walkthrough after the initial offer
- Offers can change after they perform a walkthrough
If you want to avoid the “what-ifs” of working with Swift Home Buyers, you might want to consider another option. Other cash buyers have more online reviews to help you form a better opinion of who you’re working with before you call.
Swift Home Buyers: Pros and cons
Pros
- Quick closings
- No repair obligations
- No commission or fees
- 20+ years of experience
Cons
- Lower-than-market-value offers
- Final offer might change after inspection
- Potential for unclear communication
- No third-party reviews available online
Cash purchase alternatives to Swift Home Buyers
| Company | Time to close | Offer quality | Avg. customer rating |
|---|---|---|---|
| Clever Offers | Varies | Above average | 5.0/5 (3,600+) |
| Swift Home Buyers | 10 days (flexible timeline) | Average | N/A |
| HomeVestors | 21 days | Average | 4.6 / 5 (2,300+) |
| Opendoor | 8-90 days | Average | 4.0.5/ 5 (2,700+) |
| Marketpro Homebuyers | 7 days (flexible timeline) | Average | 4.4 / 5 (700+) |
| We Buy Ugly Houses | 21 days | Average | 4.5 / 5 (2,500+) |
Swift Home Buyers may be a solid choice in the cash-buying space. The company advertises cash upfront, no commission fees, flexible closing times, and 20+ years of experience. And the cash buyer purchases homes in physical or financial distress.
However, the limited online presence of reviews makes it challenging to develop an informed opinion without contacting Swift directly.
HomeVestors (aka We Buy Ugly Houses) is the nation’s largest cash-for-homes franchise, and it might be a better fit if you have a distressed home. The company has a good track record with customers and makes decent cash offers.
Other cash buyers, like Marketpro Homebuyers, offer a similar setup. You can sell homes fast and as-is, but you won't get full-market value for the property.
Opting for a national iBuyer, such as Opendoor, might be a better option if your home is in decent condition and you want to sell quickly. iBuyers take a tech-based approach to cash purchases, and often offer more for homes than other cash buyers.
If you want to learn who will pay the most for your home before making a decision, it’s best to check out Clever Offers. The matching service pairs customers with the top real estate investors in your area (at no charge) to help you get an outstanding cash offer on your home.
As a bonus, Clever Offers also matches customers with a top-rated real estate agent, so you can understand how cash offers stack up against going to market.
Want a better cash buying experience? Try Clever Offers today!
How Swift Home Buyers works
Step 1: Fill out the online form on the Swift Home Buyers website, call the company directly, or simply text the phone number on the website.
Step 2: Receive a no-obligation quote within minutes of contacting the cash buyer.
Step 3: Choose to accept an upfront cash offer from Swift Home Buyers, or simply walk away from the deal with no strings attached.
Step 4: Close on the sale in as few as 10 days. You can also select a closing window that best suits your timeline.
What to expect from a cash offer with Swift Home Buyers
“As-is” offers, like those from Swift Home Buyers, are typically well below market value and designed for homeowners who need a quick sale.
Most cash buyers also factor in repair costs after a walkthrough of your home, which often affects the quality of the offer.
While Swift doesn’t explicitly state that it requires a walkthrough, the company may still perform an in-person visit to get a better understanding of the necessary repairs.
The bottom line: Should you use Swift Home Buyers?
Swift Home Buyers advertises deep market knowledge, a proven track record, and quality, upfront cash offers. However, the limited presence of online reviews makes it hard to determine if the company backs up its claims.
For those considering working with Swift Home Buyers (or any cash buyer), we recommend weighing the pros and cons of opting for a cash deal. You should also shop around to make sure you get the best deal on your home.
To get the most out of your cash deal with the least hassle possible, you should give Clever Offers a try.
The home investor matching service does the legwork for you by helping you analyze deals from the top investors in your area, saving you the time you would spend making phone calls and comparing cash buyers on your own.
📢 Compare cash buyers AND full-service agents—try Clever Offers.