Homeowners looking for a quick and easy way to sell their property may come across ads for PadlyBuys. This Georgia-based company claims to buy houses with cash, fast closings, and no hassle. But are their promises too good to be true? With mixed reviews online, potential sellers should scrutinize Padly Buys carefully before moving forward.
PadlyBuys markets itself as “Atlanta’s Most Trusted Home Buyer,” offering motivated sellers an escape from repairs, showings, and agent commissions. Their website highlights benefits like no fees, top dollar offers, and the ability to sell as-is in as little as 7 days. For those in a time crunch or with burdensome properties, it sounds ideal. But a lack of regulation in the house flipping industry means buyers must do their due diligence before accepting an offer.
What is PadlyBuys.com?
PadlyBuys operates as a direct home buyer, making cash offers on properties in the Atlanta metro area and surrounding counties. Owner Clint Cooper founded the company as Cooper Cash Offer in 2020 before rebranding to Padly Buys in 2022. The business model involves buying homes below market value, doing minor renovations, and quickly reselling for a profit.
As a non-traditional route, PadlyBuys isn’t subject to real estate commission rules or licensing requirements. There’s greater flexibility but also increased risk compared to selling through an agent. Padly Buys positions itself as a fast, convenient solution but sellers should understand the limitations.
Padly Buys Real Estate Company and Owner Details
Public records show Padly LLC registered in Georgia in February 2022. The registered agent is listed as National Registered Agents Inc.
Founder Clint Cooper has a background in wholesaling, sports betting, logistics, house flipping, and real estate investing. He serves as CEO and touts his company as making selling “easy with no showings, repairs, or agent commissions.”
Online bios portray him as a seasoned entrepreneur. But as PadlyBuys is only a few years old, Cooper has limited experience buying and selling under this brand. It’s important for homeowners to research a buyer’s track record before committing.
PadlyBuys User Complaints and Reviews
Online reviews for PadlyBuys present conflicting experiences. Their Google profile shows excellent ratings with 68 reviews and a 4.7/5 average. Recent testimonials highlight great service and a smooth process. But a few describe lowball offers well under market value.
Facebook tells a different story. With just 26 reviews, Padly Buys averages 4.8 stars. However, many rave about massive earnings from forex trading – clearly fake bot reviews to boost credibility. Among verified buyers, some report good experiences but others cite predatory tactics.
Across sites, the most common complaints include:
- Unsolicited lowball offers via mailers and calls
- Poor communication and lack of follow through
- Misleading marketing and broken promises
- Attempts to get listings below market value
While positive reviews do exist, repeated reports of unethical practices are concerning. Several describe bait-and-switch scenarios where PadlyBuys failed to honor initial offers. This matches the behavior of “we buy ugly houses” schemes designed to profit off desperation.
The Verdict: Is PadlyBuys Legitimate or a Scam?
PadlyBuys is a real limited liability company registered in Georgia. However, limited public information makes the full scope of operations unclear. The fact that Clint Cooper previously ran a similar venture indicates some industry experience.
But a pattern of complaints and suspect reviews suggests the focus leans more towards maximizing profits over ethical conduct. Marketing homes for well below market value and aggressively soliciting vulnerable homeowners aligns more with wholesalers flipping contracts than buyers providing a beneficial service.
Until more information emerges, those considering Padly Buys should proceed with extreme caution. While some reviewers report positive selling experiences, risks remain due to:
- No verifiable company track record
- Few transparent details on business practices
- Numerous complaints of lowball offers and bait-and-switch
- Bot activity to inflateratings and feedback
For homeowners in a tight spot, alternative sales options through trusted local real estate professionals may better protect your interests. PadlyBuys caters to convenience, but a quick sale often comes at a steep price.
|115 E Main St NE Suite C1, Buford, GA 30518, United States
|Legit or Scam:
Conclusion: Is Padly Buys Worth the Risk?
For sellers in the Atlanta area, weigh these factors before contacting PadlyBuys:
- Research the company and owner thoroughly before providing personal information
- Verify promised offers and timelines in writing before accepting
- Be wary of too-good-to-be-true claims around closing times or prices
- Check reviews across multiple sites to identify red flags
- Consult real estate professionals to compare potential offers and procedures
- Proceed carefully and seek experienced legal help before signing contracts
While some may find PadlyBuys delivers as advertised, their limited history and concerning complaints warrant extra precautions. Vulnerable sellers must guard against predatory contracts in favor of ethical buyers truly offering a service, not just a payday. Approaching any “as-is” cash home buyer with eyes wide open is essential to avoid regrets down the road.
1. Who is the owner of PadlyBuys?
PadlyBuys was founded and is owned by Clint Cooper, an entrepreneur and real estate investor based in Atlanta, GA.
2. When was Padly Buys founded?
PadlyBuys was founded in 2020. It was originally called Cooper Cash Offer before rebranding to PadlyBuys in 2022.
3. Is PadlyBuys a real company or a scam?
Padly Buys is a real LLC registered in Georgia, but some concerning practices like lowball offers and fake reviews suggest they prioritize profits over ethical conduct. Experts recommend proceeding with extreme caution.
4. Is it safe to sell my house to PadlyBuys?
Due to limited history and concerning complaints, experts strongly recommend comparing all options before selling to Padly Buys or any direct cash buyer. Consider alternatives to ensure your best interests are protected.