Frequently asked questions
Straight answers about our cash offers, closing timelines, and how we make selling your house simple and stress-free.
The offer
How long will it be until I get an offer?
We strive to get an offer to you as quickly as possible, but we also want it based on your property’s current condition and your situation. Because of that, we typically don’t make an offer until we’ve had a chance to meet with you and view the house. It’s better this way: we can give you a confident offer based on reality.
Here’s how it typically works: we first have a phone conversation to see if we’re a good fit. Then we set an appointment whenever you’re free to meet at the house. After that, we put an offer together. We typically have it ready within hours of meeting with you, or at least by the following day.
How much will you pay for my house?
Several factors go into each offer. The most important are the location, size, condition, finishes, what nearby homes have sold for, and what we plan to do with the property.
We take all of these into account and work to calculate an offer that works for you. We also consider your near-term plans and try to structure our offer to help you meet them.
Do you pay a fair price for houses?
If we don’t make realistic offers, we’ll never be able to buy houses, so we do everything we can to give you an offer that works for you. We work hard to control renovation expenses and keep our rehab budget low so we can pass some of those savings on to you.
We base our offers on the finished value of the property and how much it will cost to renovate it. If you’d like, we’ll share how we calculate your offer. You have no obligation to accept it, and even if we aren’t your buyer, we’ll share as much information as we can to help you pick the best path for your situation.
What are the benefits of a cash offer?
The primary benefits are convenience and simplicity. Transactions are far more complicated when a lender is involved because lenders have special requirements, and they won’t approve a loan on properties that need significant repairs. A cash offer cuts out those requirements and gets money in your pocket in the shortest time possible.
A cash offer is an offer with no financing contingency. Nearly all traditional offers involving a lender include a contingency based on the buyer’s ability to get financing. If they can’t qualify, they can back out and get their earnest money back. That happens quite a bit with retail buyers, and it’s one more thing you don’t have to worry about with a cash buyer.
Closing & process
How long will it be until closing?
Since we’re not buying your house to live in, we can work on your timeline. Need a few months to get moved to your new place? We can handle that. If you need to close very quickly, we have the means to close in 7 to 10 days if need be.
Will I have to make repairs?
Never. This is one of the biggest benefits of working with us. Compare that to a retail buyer who nitpicks every detail and comes back with a long list of repairs.
Depending on the age and condition of the home, we might hire a home inspector for due diligence, but that’s only for our reference so we know what we need to repair. You will not have to make a single repair.
What will I have to do?
Very little. Instead of pandering to prospective buyers, you get to relax and wait for closing day. If you’re living in the property, you’ll need to coordinate moving your belongings, but we can help with that if you’d like.
We handle all the paperwork and coordination to get to the closing table. Our team, including a fantastic title company, makes the process extremely smooth for you.
Costs & fees
Do you charge any fees?
We charge zero fees. When we make an offer, the price you see is the price you get at closing.
Compare that to selling on the market: agent fees are typically 6% of the sales price, closing costs can be several thousand dollars if the buyer asks you to pay them, and retail buyers often request repairs that can cost thousands more. With us there are no agent fees, we pay your closing costs, and we won’t ask you to fix anything. These perks alone can save you tens of thousands of dollars.
About us
What do you do with the houses you buy?
That depends on the location, condition, and size of the house, as well as the deal we structure with you. Some of our most common uses:
- Fix them up to sell
- Fix them up to rent
- Help people who can’t qualify for a loan, such as business owners, to own a home
- Short-term rentals
How are you different from a real estate agent?
Agents specialize in listing properties on the MLS. We’re the ones actually buying your house. You won’t have to wonder whether someone will make an offer, because we’ll personally give you one, and you’ll know exactly who your buyer is.
Agents and investors are often confused because both work in real estate, but the roles are quite different. If you’re okay with getting your property ready, accommodating multiple showings, and going through the entire traditional sales process to find the highest offer, listing with an agent might be for you. If you’d rather skip the hassle and get a fair offer right away, we can do that.
Still have a question?
Call us or request your free, no-obligation offer. You decide.