Frequently Asked Questions (FAQ)
Welcome to our FAQ page! Maybe you have a few questions. That’s perfectly okay because most people do. Here’s a quick collection of some of the most common FAQ people ask us along with our answers. If you still have a question, don’t hesitate to contact us for more details regarding FAQ (or give us a call) and we’ll be happy to answer it for you. Once again, if you do not find the answer to your question in the FAQ, contact us!
FAQ: Will you be listing my house on the MLS or actually buying it?
A: This is a great FAQ. We’re not agents and we don’t list houses. We cover a lot of the basics here on our FAQ web page. We are professional cash homebuyers and typically We buy properties that meet our investment criteria. From there we may repair the house and resell it to another home owner or keep it as a rental ourselves. Scroll down for answers to more FAQ below! Contact us directly if your specific question was not answered in our FAQ section!
FAQ: Do you pay a fair prices for houses?
A: This is definitely a FAQ! Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another home owner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. For further explanation not found on our FAQ page, contact us! If that’s what you’re looking for and you see the value in getting your house sold fast, let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give. Continue reading for more FAQ about our process. Again, if your specific question is not addressed in our FAQ, please contact us!
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FAQ: How do you come up with the price to offer on my house?
A: Another common FAQ! 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. If you still have other questions about this subject which isn’t covered in our FAQ, feel free to reach out to us. Continue reading our FAQ!
FAQ: Are there any fees or commissions to work with you?
A: This question should probably be at the top of our FAQ! This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking all of the risk here on whether we can sell it for a profit or not, once we buy the house from you, the responsibility is ours and you walk away without the burden of the property and it’s payments. Keep scrolling for more FAQ!
FAQ: How are you different from a real estate agent?
A: Another common FAQ! 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). More FAQ below!
FAQ: Is there any obligation when I submit my info?
A: This is one of the most frequent questions addressed in our FAQ. There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there it’s 100% your decision on whether or not you’d like to sell your house to us and we won’t hassle or bother you. It’s 100% your decision and we’ll let you decide what’s best for you. For any other questions which were not covered in our FAQ page, please contact us directly!
If your question wasn’t answered in the FAQ, call 313-647-8806
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