Frequently Asked Questions
Q: Will you be listing my house on the MLS ?
A: No. Since we are not real estate agents so we are not able to list houses ourselves on the Multiple Listing Service (MLS).
Q: Will you be the one actually buying the property?
A: It depends on the situation. Some properties we decide to buy and keep as a rental ourselves. When that is not feasible for us we are able to offer the property to someone who is interested and willing to pay the cash offer themselves. Part of our review process is to determine what properties are better for us to hold on to and which ones would be better suited for someone who is looking specifically for a type of property to own or renovate to rent themselves. Either route still ensures you are able to solve your problem and sell the property on your time frame.
Q: How are you different from a real estate agent?
A: We are different from a real estate agent in that we are in a business to make a profit by finding properties not being used to their full potential. It can be difficult to find these situations and then require multiple attempts to have conversations with the owner(s) about if they are interested in selling or not based on their situation. Once we all reach an agreement on the price and terms, we ensure that the property is renovated for the next owner to purchase and enjoy it. This improves local neighborhoods by fixing up properties not being used to their full potential and making it possible for a new owner or family to enjoy.
A real estate agent is in business to sell a home in new condition for top market value in exchange for a commission of the final selling price. Typically the commission they earn is 3% of the selling price. The real estate market depends a lot on real estate agents to help connect home sellers with home buyers. It is the space between the buyer and seller where companies like us often come into play. There are times where a property is sold by the owner to an individual buyer or an investor and not listed with a real estate agent. This is considered an “off market” transaction. It is often the case where that individual buyer or investor is able to renovate the property and then decide to list with a real estate agent for top market value. This activity largely keeps the real estate industry’s inventory of properties moving, even though it is not publicized as much as the typical real estate transaction involving both a buyer’s agent and a seller’s agent.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Real Estate Agent | Property Closing Guides | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We have that covered. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No appraisal needed by you. |
| Average Days Until Sold: | Depends but can be days to months. | You decide. |
| Number of Showings: | As many as it takes to sell. | 1 photo & walk through inspection day for our records. |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | You decide. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: Do you pay fair prices for properties?
A: Yes. The prices we pay are based on what a similar property in similar condition in the immediate nearby area would sell for and then subtracting an estimated amount of repairs needed to update the property. We look at what properties that meet that criteria have sold for recently to help determine a price.
Q: Are there any fees or commissions to work with you?
A: Zero. You as the seller of a property do not have any fees or commissions to work with us. Profits earned covers costs to conduct business such as marketing, outreach and to keep accounting and tax professionals available as needed.
Q: Is there any obligation when I submit my information?
A: Zero. When a seller submits their information they typically have a reason to sell a property and are ready to move to the next step.
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