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 here or give us a call/text and we’ll be happy to answer it for you.
Q: Will you sell my house on the MLS or buy it?
A: Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We Buy Houses in North Texas 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 a fair price for properties?
A: Great question. Thanks for asking it. Many of the houses we purchase are below market value (we do this so we can resell them at a profit to another homeowner). We ask for a fair discount on a property considering there are no commissions or closing costs to you. 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 (just a few days) or on a date of your choice (no waiting for financing), and no repairs, updates or cleaning, or expense is required on your part to fix up the property. 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 offer commitment means that you do not have to move forward with the offer… but it’s good for you to understand what we can pay for your house!
[DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… compare listing versus selling it yourself. Head on over here to download your free guide →]
Q: How do you determine the price to offer for my house?
A: Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, the number of recently sold homes, the current condition of the property for the repairs and updates needed to resell and make a profit, and the values of recent comparable homes (meaning homes very similar in age, style, size, and condition) sold in the same area/neighborhood. As you know, house values have been all over the map for the last 5 years or so, and has been hard to keep up with the changes. Keep in mind our offer to you also includes us paying all your closing costs with zero commissions. We take many pieces of information into consideration… and come up with what many families feel is a very fair price for your house.
Q: Are there any fees or commissions when we sell our house to you?
A: Thank you for this important question. 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 good fit for you and your situation then we’ll buy your house and we pay all your closing costs too! We pay for it all. 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 risks 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 its payments… and often with cash in your hand).
Q: If I’m behind on my mortgage payments, can you still buy my house?
A: Yes! We buy homes in all types of financial situations and we work directly with the banks as needed. We are very familiar with the foreclosure process, and often buy homes that are behind on payments. To learn more about how to stop or avoid foreclosure download our free guide here today!
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 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. 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 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). To learn more compare listing versus selling it yourself.
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 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 you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
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