Frequently Asked Questions
Maybe you’ve got a couple of questions before selling your house. Most of the people we work with do. Here’s a collection of a number of the questions people ask us the most often with some of our answers. Should you have a question not listed below or need further clarification please don’t hesitate to reach out to us directly.
Q: Will you be listing my house on a listing service or actually buying it directly?
A: Great question. We’re not agents, and that we don’t list houses. We are professional home buyers: We buy houses in Louisiana that meet our purchasing criteria. From there we may repair the house and resell it to a different homeowner or keep it as a rental property ourselves.
Q: Do we buy homes at fair market value?
A: Many of the homes we purchase are below market price (we do that so we will resell it at a profit to a different homeowner). We are looking to move on a good discount on a property. However, in our experience, many sellers aren’t necessarily expecting an outsized “windfall” on the property but rather appreciate that we will offer cash so quickly. We close very quickly (no expecting financing), and no time or effort or expense is required on your part to fix up the property or pay agent fees. If that’s what you’re trying to find and you see the worth in getting your house sold fast… let’s see if we will come to a good win-win price. (Besides, our no-obligation pricing commitment means you not need to move forward with the offer we give… but it’s good to understand what we’re offering!)
Q: How does one determine the worth to offer on my home?
A: Great question, and we’re an open book. Our cash home buying process is extremely straightforward. We dive into the situation of the property, what repairs are needed, the present condition of the property, and values of comparable houses sold within the area recently. As you know, house values have taken an enormous hit within the last several years and most areas still haven’t seen prices come back up. We take many pieces of data into consideration and are available to work up a good price that works for you.
Q: Are there any broker fees or commissions to figure out with you?
A: This is often what makes us stand out from the normal method of selling your house. There are not any fees or commissions once you sell your house to us. We will make you an offer and we’ll often buy the closing costs too! We make our money back after we do repairs on the house and sell it for a profit. We’re taking the risks here on whether we will sell it for a profit or not, once we buy the house from you. The responsibility is ours and you walk off without the burden of the property and its payments.
Q: How are you different from a regular real estate agent or broker?
A: Real estate agents list properties and hope that somebody will buy them. Then the real estate agent shows the properties to prospective buyers if there are any. Average time to sell a property in many markets immediately is 6-12 months. Then they will take 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 an excellent service for people who can wait 6-12 months to sell and who don’t mind abandoning a number of that sale price to buy the commissions. But that’s where we’re different: We’re not agents, we’re direct 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 will make a choice to buy your house within a few of days, sometimes in as quickly as a day. Again, we make our living by taking on the liability to shop for your house with our own cash. Repair the house and sell ourselves which can be the hardest part in today’s housing market.
Q: Is there any obligation once I submit my info?
There is absolutely zero obligation for you at any point prior to actually transferring the property in question. Once you tell us a bit about your property, we’ll take a deep look at things, proceed to a follow up call and get right down to a cash offer on your real estate. It is 100% your decision on whether or not you’d wish to sell your house to us. We won’t hassle you, won’t harass you but are only here to help you.
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