Selling your house for cash may be entirely new to you, and you probably have a lot of questions. The good news is that we have worked with countless homeowners in your exact situation and learned the most common questions. We have consolidated them all here, along with our answers.
We hope this informs you on how we operate. And, if there is something else you’re curious about that we haven’t answered here, feel free to contact us or give us a call, and we would be happy to discuss it with you. We are here to help!
How long will it be until I get an offer?
We strive to get an offer to you as quickly as possible. Here’s how our typical process works. We’ll first have a phone conversation with you to see if we will be a good fit for each other. We will then make an offer based on your property’s current condition and situation. After that, we’ll put a formal offer together. We typically have your offer ready within hours or at least by the following day.
How long will it be until closing?
Since we’re not buying your house to live in, we can work on your timeline. Need a few months to get moved to your new place? We can handle that! On the flip side, if you need to close very quickly for some reason, you’ve come to the right place! We have the means to close in 7-10 days if need be.
Will I have to make repairs?
This is one of the biggest benefits of working with us. We will never ask you to make repairs when you sell your house to us. In comparison, if you list with an agent, a retail buyer will knit-pick every detail of your home and will come to you with a long list of repairs/contingencies. You can be confident that you will not have to make a single repair when working with us.
What will I have to do?
Absolutely nothing! Instead of having to pander to prospective buyers, you get to relax and wait for closing day. If you’re living in the property, you will need to coordinate moving your belongings, but we can even help you with that if you’d like!
On top of that, we will handle all the paperwork and coordination to get to the closing table. We have a great team, including a fantastic title company, that will make the sales process extremely smooth for you. When we say we’re a full-service real estate company, we mean it!
What do you do with the houses you buy?
That depends on the location, condition, and size of the house. But here are some of our most common uses for properties we buy:
- Fix them up to sell
- Fix them up to rent
- Help people that can’t qualify for a loan, to own a home
- Short-term rentals
What are the benefits of a cash offer?
The primary benefits of a cash offer on your house are convenience and simplicity. Transactions are way more complicated when a lender is involved because they often have special requirements that must be met. Not to mention that lenders won’t approve a loan on properties that need significant repairs. A cash offer cuts out all of these requirements and gets you what you need, money in your pocket in the shortest time possible.
The definition of a cash offer is an offer with no financing contingency. Nearly all traditional offers involving a lender include a contingency based on the buyer’s ability to obtain financing. If they can’t qualify, they are allowed to back out of the deal and receive their earnest money back. This happens quite a bit with retail buyers. But that is another thing you don’t have to worry about when working with a cash buyer.
Do you pay a fair price for houses?
We understand that if we don’t make realistic offers, we’ll never be able to buy houses. Therefore, we do everything we can to give you an offer that works for you. We work hard to control renovation expenses and keep our rehab budget low so that we can pass some of those savings on to you.
Ultimately, we base our offers on the finished value of the property and how much it will cost to renovate it. If you’d like, we can share with you how we calculate our offers. And remember, you have no obligation to accept it!
Do you charge any fees?
We charge zero fees! When we make an offer on your property, the price you see is the price you will get at closing. Compare that to selling your house on the market. First, agent fees are typically 6% of the sales price. Also, closing costs can be several thousand dollars. Lastly, retail buyers often perform inspections and request a list of repairs which can cost thousands of dollars.
You won’t have to worry about any of these fees when you work with us. We don’t charge agent fees, we pay your closing costs, and we won’t ask you to fix anything. These perks alone can save you tens of thousands of dollars!
How much will you pay for my house?
We understand that this might be one of the top questions on your mind. Several factors go into each offer that we make on a house. The most important considerations are the location, size, condition, finishes, what nearby homes have sold for, and what we plan to do with the property.
We take all of these things into account and work to calculate a fair offer. We also consider your near-term plans and try to structure our offer to help you meet them!
How are you different from a real estate agent?
Many people confuse agents and investors because they are both involved with real estate, but our roles are quite different. Real estate agents specialize in listing properties on the MLS (Multiple Listing Service). If you are okay with getting your property list ready yourself, accommodating multiple showings, and dealing with the entire traditional sales process in order to find the highest offer out there, listing your house with an agent might be for you. However, if you prefer to skip the hassles and get a fair offer for your home immediately, working with a Real Estate Investor might be the solution for you.
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