Frequently Asked Questions

Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.

Q:  Will you be listing my house on the MLS or actually buying it?
A:  Great question. We’re not agents, and we don’t list houses. We are professional home buyers:  We buy houses  that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.

Q:  Do you pay fair prices for properties?
A:  Many of the houses we purchase are below market value – about 70%. As investors, we have to factor in the cost to renovate a property along with the closing costs for selling the property. This is usually 15% of the market value. Carve out an additional 15% profit margin that allows us to purchase another home and revitalize another community comprises our cash offer.

However, this is not a one size fits all approach. Depending upon the circumstances, we are able to deploy a variety of strategies to assist homeowners with selling their homes such as becoming equity partners where we split the profit with the seller or we can even assume a seller’s mortgage payment if they need to sell quickly, have little to no equity in their home or are facing foreclosure/distress.

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?
A: 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 to 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. We assume the risks and responsibility whether we can sell the home for a profit or not.

Q:  How are you different from a real estate agent?
A: Real Estate Agent lists properties and hopes that someone will buy them. The agent shows the properties to prospective buyers. The average time to sell a property in many markets right now is 6-12 months. Once sold, the Agent takes 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.

We are a home buying service. 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 of 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 when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll perform an analysis of the market, 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. It is simple and hassle-free.