Frequently Asked Questions
You might have a few inquiries, and that’s completely normal – many individuals do. To assist you, we’ve compiled a brief list of common questions posed to us, along with our corresponding answers. If your question hasn’t been addressed or if you’d like further clarification, feel free to contact us at (586) 209-3290. We’re more than willing to provide the information you seek.
1.) Will you be listing my house on the MLS or actually buying it?
That’s a great question. Unlike real estate agents who list houses on the MLS, we are professional home buyers. We specialize in purchasing houses in that align with our specific buying criteria. Our intention might be to renovate the property and resell it to another homeowner, or we could choose to retain it as a rental investment.
2.) Do you pay fair prices for properties?
We often acquire houses below their market value. This strategy enables us to make a profit when we eventually sell to another homeowner. However, we also aim to offer a reasonable discount for the properties we purchase. While some sellers might not anticipate a substantial windfall, they often value the benefits of a quick cash transaction, bypassing the wait for financing, and avoiding the need to cover repair costs or agent fees. If these aspects align with your needs and you’re interested in a swift sale, let’s work together to find a fair and mutually beneficial price. Remember, you’re under no obligation to accept our offer – our commitment is to provide transparent pricing.
3.) How do you determine the price to offer on my house?
Your question is spot-on, and we believe in complete transparency. Our valuation process is straightforward. We assess factors such as the property’s location, required repairs, its current condition, and recent sales prices of comparable homes in the area. Given the decline in house values over the last five years, with many areas still in recovery, we take all of this information into consideration. Through this comprehensive approach, we arrive at a fair price that aligns both with our requirements and your expectations.
4.) Are there any fees or commissions to work with you?
What sets us apart from traditional selling methods is our fee structure: There are absolutely NO fees or commissions when you sell your house to us. Upon presenting an offer, and if it’s mutually agreeable, we’ll purchase your property (often covering the closing costs). This process incurs no additional hassle or fees. Our revenue is generated after covering repair expenses (if applicable) and achieving a profit upon resale. We bear the risks associated with selling the property after purchase, freeing you from the property’s financial and ownership burdens and potentially putting cash in your hands.
5.) How are you different from a real estate agent?
Real estate agents focus on listing properties in hopes of finding a buyer. Their role involves showcasing properties to potential buyers (typically taking 6-12 months to sell), and they receive a percentage of the final sale price as commission. This commission usually ranges from 3-6% of the home’s value (e.g., $3,000 – $6,000 on a $100,000 house). Agents provide a valuable service for those willing to wait and pay a commission. However, our approach is distinct: We’re not agents but home buyers. We purchase houses directly from sellers, utilizing all-cash transactions. This allows us to make quick decisions, often within days, as we absorb the risks, handle repairs, and market the property ourselves – a challenging task in the current market.
6.) Is there any obligation when I submit my info?
There’s absolutely no obligation on your part. Once you provide us with details about your property, we’ll review the information and possibly arrange a call to delve deeper into your situation. Following our assessment, we’ll extend a fair all-cash offer tailored to both your needs and our requirements. At this point, the decision to proceed entirely rests with you. We respect your autonomy – you won’t face pressure or unwanted communication from us. Ultimately, the choice is 100% yours, allowing you to determine what’s best for your situation.