Frequently Asked Questions
Selling a house can bring up a lot of questions, especially if it needs repairs, you’ve inherited it, or you just want to sell without the usual hassle. Here are straight answers to some of the questions homeowners ask me most often. If yours isn’t answered here, call me directly. I’m happy to talk.
Q: Will you be listing my house on the MLS or actually buying it?
I’m a licensed real estate agent, but when I buy houses, I’m not acting as your agent. I’m offering to buy your house directly. If we agree on a price and terms, I’ll buy it as-is. If listing your house makes more sense, I’ll tell you that too, and you can decide what’s best for your situation.
Q: Do you pay fair prices for properties?
I buy houses at prices that make sense for both you and me. I consider the property’s condition, needed repairs, and what similar houses are selling for in the area. I’ll ask what you’d like to get for your house, and we’ll see whether we can agree on a price. I won’t pretend I can pay full retail price for a house that needs work. But I can save you the expense and hassle of repairs, cleaning, real estate commissions, and a traditional sale. And if I think you’d be better off listing your house, I’ll tell you.
Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
No. When I buy your house directly, you don’t pay me any real estate commissions or fees. You don’t have to spend money fixing up the house or getting it ready to sell, either. We’ll agree on the price and terms upfront, so you’ll know exactly what you’re getting. No surprises at closing.
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Q: Is there any obligation to sell? And how fast can you close?
Absolutely not. Telling me about your house doesn’t obligate you to anything. I’ll take a look at the information, talk with you about your situation, and see whether I can make you an offer that works for both of us. There’s no pressure, no sales pitch, and no obligation to sell. You’re always in control of the decision.
In some cases, I can close in as little as seven days. But there’s no rush if you need more time. Maybe you’re moving, dealing with an inherited property, or just need time to get things organized. We’ll agree on a closing date that works for you, and I’ll work with a reputable local title company to handle the closing.
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