Frequently Asked Questions
Perhaps you find yourself with a handful of inquiries. Rest assured, and this is a common occurrence. Thus, presented here is a brief compilation of queries frequently posed to us, accompanied by our corresponding responses. Should your question persist, feel free to reach out to us (or give us a call), and we will gladly provide you with the information you seek.
We function differently from agents or house listing platforms. Our role involves being professional home buyers focused on properties in the Prattville area that align with our specific purchasing criteria. Subsequently, we might undertake house repairs before either reselling the property to another homeowner or retaining it as a rental in our portfolio.
Q: Do you offer equitable prices for properties?
A: A significant number of the houses we acquire are priced below the prevailing market value (we do so in order to facilitate profitable resale to another homeowner). Our aim is to secure a reasonable discount on a property. Our experience has shown that many sellers aren’t necessarily anticipating an extensive windfall from the property but rather recognize the benefits of our offer to purchase, expedited closing process (eliminating the need for financing delays), and the avoidance of the time, effort, and expenses associated with property repairs or agent fees. If these advantages align with your requirements and you appreciate the merits of a swift property sale, let’s explore the potential for a mutually beneficial agreement on price. (Furthermore, our commitment to transparent pricing means you’re not obliged to proceed with our offer, but having insight into our proposal is certainly valuable information to have!)
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself.
Q: What method do you use to establish the price you’re willing to propose for my house?
A: Your question is much appreciated, and we’re committed to full transparency. Our approach is refreshingly simple: We assess the property’s location, necessary repairs, and its current state, and we analyze the sales prices of comparable homes recently sold in the vicinity. Given the considerable decline in house values over the past 5 years, with many regions yet to witness a recovery in prices, we thoroughly consider multiple factors. Through this comprehensive evaluation, we arrive at a price that’s equitable for both parties – one that aligns with our interests and your needs as well.
Q: Are there any charges or commissions associated with collaborating with you?
A: This is what sets us apart from the conventional approach to selling your house: There are absolutely no fees or commissions involved when you choose to dispose of your property to us. Upon presenting you with an offer that fits your needs, if you agree, we’ll proceed to purchase your house (and often cover the closing costs as well!). No complications and no charges. Our revenue is generated after covering any necessary house repairs (if applicable) and selling the property for a profit. The risk of whether we can achieve a profitable sale rests on our shoulders once we’ve acquired the property from you. This way, you can relinquish the property and its obligations, often leaving with money in hand, unburdened by any further responsibilities.
Q: In what ways do you stand apart from a traditional real estate agent?
A: Real estate agents place properties on listings and anticipate potential buyers. These agents present the properties to interested buyers when available (and in numerous markets, it typically takes 6-12 months to finalize a sale), ultimately earning a percentage of the sale price if they successfully secure a buyer. Frequently, agent commissions range from 3-6% of the property’s sale price (so for a $100,000 house, you’d be looking at commissions between $3,000 – $6,000). Agents offer a valuable service for those with the luxury of waiting for several months to complete a sale and who are willing to allocate a portion of the sale price to cover these commissions.
However, we distinguish ourselves in this arena: we’re not agents; we’re home buyers. Our company directly purchases houses; we don’t engage in property listings. As the actual purchasers, we transact with full payment. Consequently, we have the capability to swiftly decide on purchasing your house, often within a few days (sometimes even the same day). Our livelihood is shaped by our willingness to take the financial risk of purchasing the property using our own funds, conducting necessary repairs, and independently marketing the property to locate a buyer (which is the challenging aspect within this market).
Q: Am I under any obligation when I provide my information?
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 a call with you to find out a bit more, and make you an offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like us to purchase your home… 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.