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’ve worked with countless homeowners in your exact situation and learned the most common questions that arise. We’ve consolidated them all here, along with our answers.
We hope this educates you on how we operate. But 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’d be happy to discuss it with you. We’re 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. But at the same time, we want to make an offer based on your property’s current condition and your situation. Because of that, we typically don’t make an offer until we’ve had a chance to speak with you about the house. And trust us – it’s better this way! Speaking with you and learning your situation helps ensure we can give you a confident, realistic, and fair offer.
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. After that, we do our homework and put an offer together for you. You will typically have an offer within 24 hours.
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 whatever reason, we can work with that as well. It is possible for us to close in as little as 7 days.
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. Compare that to a retail buyer that knit-picks every detail of your home and comes to you with a long list of repairs.
Depending on the age and condition of the home, we might hire a home inspector for due diligence. However, this is only for our reference so that we know what we need to repair. You can be confident that you will not have to make a single repair when working with us.
What will I have to do?
Unlike the traditional home selling route, working with us is extremely easy. Instead of catering to prospective buyers, you can 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 with that if you’d like!
On top of that, we handle all the paperwork and coordination to get to the closing table. Our great team, including a fantastic title company and a full-time transaction coordinator, 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 as well as the deal we structure with you. But here are some of our most common uses for properties we buy:
- Fix them up to sell.
- Fix them up to rent.
- If our plans change, sell them to one of our partners who will want to take on the deal.
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 as quick and as easy as 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 your offer. And remember, you have no obligation to accept it! Even if we end up not being your buyer, we will share as much information with you as we can to educate you and help you pick the best path for your situation.
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 if the buyer asks you to pay them. 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 an offer that will work for you. 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?
We offer several advantages if your situation calls for it:
- Speed: Traditional home sales can take anywhere 30-60 days once you find the buyer. Our time to close is much faster and starts as soon as we get an offer signed.
- No Commissions or Fees: Unlike agents who charge a commission (typically 6%), we charge no fees.
- No Financing Contingencies: Our offers are often cash, eliminating the risk of deals falling through due to financing issues.
- As-Is Purchase: We buy properties in their current condition, so you don’t need to worry about repairs or staging.
- No Open Houses: Avoid the hassle of having multiple open houses.
- Flexible Closing Dates: We offer flexible closing dates to fit your schedule.
- Full-Service Support: We handle all the paperwork and coordination, making the process smooth and stress-free.
- Direct Offer: You don’t have to worry about whether someone will make an offer—we’ll personally give you one.
In short, selling to us can be a fast, convenient, and straightforward alternative to the traditional home-selling process, depending on your specific needs and circumstances.
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