Frequently Asked Questions
You have questions. We are always available to answer your questions. Hoewever, for your convenience, we have collected some of the most common questions we get asked. If you still have a questions, please call.
Q: Why would I sell to an investor versus just listing with a real estate agent?
A: This is a great question. Just keep in mind that we are investors, which means we buy houses at enough of a discount in order to make a profit. Homeowners sell to us because we guarantee we can close, and we can close fast. Selling to us is easy; it skips the agents, repairs, and cleaning. We even buy houses with tenants in place.
Q: Do you pay fair prices for properties?
A: Our profit ranges from 10-15% of the total value of the home, after repairs. We make our offers based on our profit, our carrying costs, Realtor fees, and repairs/upgrades.
Our offers have no strings attached. Feel free to get an offer. We are always happy to give you an offer and we won’t bother you if you reject it.
Q: How do you calculate your offer price?
A: First, you must know the term ARV. This is the After Repair Value. The ARV is the reasonable price your home will sell for, if the repairs and upgrades are done well. Our offer is based on ARV. We use ARV and then subtract closing costs, Realtor fees, carrying costs, repairs and our profit. Repairs are the biggest variable so the simple formula is 70% of ARV minus repair cost.
Q: Do you charge any fees or commissions?
A: This is where we shine, versus other methods of selling a house. We charge NO FEES and NO COMMISSIONS. In many cases, the price we offer you is the price you get. We will often pay the closing costs, too!
Q: What If My House Is In Really Bad Shape? Will You Still Buy It?
A: We buy houses in any condition. The uglier the house, the better! We buy houses as-is and we perform all the necessary repairs and upgrades. Then, we can sell the home to the next family.
Q: How are you different from a real estate agent?
A: Real estate agents are obligated to get you top dollar for your home. They will list them on the MLS, conduct open houses and showings. They charge 3-6% commission for their effort. It can take 3-6 months minimum, to sell this way. All this assumes everything goes well. If a buyer has trouble with financing, or your home fails inspection, you may lose a buyer and have to start over with another buyer. We are different because we are actual buyers. Selling to us skips the agents, commissions, showings, etc. As buyers, we guarantee we can close. As cash buyers, we can close very fast.
Q: What happens after I submit my info?
A: Once we receive your info, someone from our team will contact you. We will discuss your property, determine its condition, and make our offer. From there, it is up to you. If you accept our offer, we will go to a title company and start the closing process.
Q: What if I am in foreclosure? Can you still buy my home?
A: Yes! We can often still buy houses that are in the foreclosure process. We pay cash so we can close quickly so even if your foreclosure is in days or weeks, we would love the opportunity to buy it!