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 throughout Florida that meet our purchasing criteria. From there we may repair the house and resell it to another home owner 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 (we do this so we can resell it at a profit to another home owner). In order to make a profit, we are looking to get a fair discount on the properties we buy. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, pay all the closing costs, and close very quickly (no waiting for financing). In addition, no time or effort or expense is required on your part of fix up the property or pay agent fees. Sometimes we can even pay full retail price for your property if you are open to receiving payments over time. It really all comes down to what you need and want in the situation. If you have plenty of time and money to spend, then you’ll feel like you’re getting the fairest price with an agent listing your property and waiting for the market to show its ‘highest and best’. But if you’re looking for a quick ‘as is’ sale today, and you can see the value in getting your house sold fast (we can often close in just a couple of weeks), then let’s chat and see if your house might fit our buying criteria at the price you’re looking to get. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give, so what do you have to lose?)
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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. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you, too. Ideally, we prefer to offer you exactly what you need and want in the sale, so if you have a clear idea about what that is, please don’t be shy about telling us what we can do to meet your needs.
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 typically 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 for a profit (we’re taking all of the risk 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 get to walk away without the burden of the property or its payments… and oftentimes, 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. A listing agent “locks up” your property with a listing contract in an effort to find a buyer and make a commission from the sale. The agent then shows your property to prospective buyers, if there are any, and takes a percentage of the sale price if they find a buyer. It is to their potential benefit to overvalue your home when they are trying to sign a listing agreement with you, and often the true value of your home to buyers will prove to be much lower. In addition, the agent’s commission is typically 6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay $6,000 in commissions to an agent). Agents do provide a great service for those who can wait 6 or more months to sell for their top price, who can handle all the holding costs and risks of continuing to own the property while waiting for it to sell, and who don’t mind giving up some of their sale price to pay for the commissions… but that’s a lot of risk and expense just to hope to find a buyer at some point in the unknown future…
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 the one buying the house directly from you, we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, then we repair the house, and then we market it ourselves to find the highest and best end buyer. We do the part you don’t want to do yourself, or don’t have the money to do yourself, and that is how we make our profit.
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 an appointment with you to find out a bit more, and then 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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