Frequently Asked Questions
Here are some answers to the most common questions we receive
Q: Will you be listing my house on the MLS?
A: 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. We’re not agents, and we don’t list houses.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value. We are looking to get a fair discount on a property in exchange for the speed and convenience. Our clients appreciate that we can offer creative terms or cash and we close very quickly.
Q: How do you determine the price to offer on my house?
A: 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. 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: 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
Q: How do you get paid?
A: We hope to get paid after we repair the house and sell it. We take the risk, 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: 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 and then take a percentage of the sale price if they find a buyer. The agent’s commission is typically 3-6% of the sale price of your house. We are 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).
Q: What are Creative Terms?
A: Creative Terms or creative financing refers to uncommon or unique ways an individual can sell property. See Seller Financing
Q: What is Seller Financing?
A: When the seller of a given property acts as a lender for a buyer on the seller’s property. The end result is that the buyer signs a promissory note to the seller, for the amount of the carryback with a set interest rate, set monthly payments, and a set time for when the loan is to be paid off. The promissory note is typically secured by a trust deed recorded on the seller’s home. Also known as “Seller carryback financing”
Q: What are the tax benefits of Seller Financing?
A: When you sell with owner financing and report it as an installment sale, it allows you to realize the gain over several years. Instead of paying taxes on the capital gains all in that first year, you pay a much smaller amount as you receive the income. This allows you to spread out the tax hit over many years.
Q: Is there any obligation when I submit my info?
A: No. Once you tell us a bit about your situation and your property, we’ll take a look at things, and make you a fair offer. From there, it’s your decision on whether or not you’d like to sell your house to us. We won’t hassle you, won’t harass you, it’s your decision and we’ll let you decide what’s right for you.
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Still have a question, don’t hesitate to contact us and we’ll be happy to answer it for you.
Listing Vs Selling To Us.
Which route is quicker?
Put more cash in your pocket?
Has less hassle?