Frequently Asked Questions
You have got some questions. We are here to answer your queries at any time. However, we’ve compiled a list of the most often asked questions for your convenience. Please call if you have any further queries.
Q: Why should I sell to an investor rather than listing with a realtor?
A: You’ve asked an excellent question. Keep in mind that we are real estate investors, which means we acquire property at a low enough price to profit. Owners sell to us because we assure that we will be able to close and that we will be able to close quickly. It’s simple to sell to us; you don’t have to deal with agents, repairs, or cleaning. We even buy residences that already have renters.
Q: Do you offer reasonable prices for property investment?
A: After repairs, our profit is from 10-15% of the home’s overall value. Our offers are determined by profit, carrying expenses, Realtor charges, and repair and maintenance.
Our deals are not tied to any conditions. Please do not hesitate to contact us for a quote. We are always happy to make you an offer, and we will not bother you if you decline.
Q: How do you figure out the price of your offer?
A: First and foremost, you must be familiar with the word ARV. This is the value of the item once it has been repaired. Whereas if repairs and upgrades are done properly, the ARV is the fair price your home will sell for. ARV is the basis of our offer. After subtracting closing expenses, Realtor charges, carrying costs, repairs, and profit, we arrive at ARV. Because repairs are the most important factor, the basic formula is 70% of ARV minus repair costs.
Q: Do you take any commissions or fees?
A: Compared to other techniques of selling a home, this is where we excel. We do not charge any commissions or fees. In many circumstances, the price we quote is the final pricing. We frequently cover the closing costs as well!
Q: What Should I Do If My House Is In Bad Shape? Will You Purchase It?
A: We are willing to buy houses in whatsoever condition. The more obnoxious the residence, the better! We buy houses in their current condition and make necessary repairs and modifications. After that, we’ll be able to sell the house to the next family.
Q: What differentiates you from a real estate agent?
A: Real estate agents have a legal obligation to get you the highest possible price for your home. They’ll put them on the Multiple Listing Service (MLS) and keep open houses and showings. They charge a commission of 3-6 % for their services. This method of selling may take three to six months at the very least. All of this is based on the assumption that everything works smoothly. If a buyer has financial difficulties or your house fails an inspection, you may lose a buyer and will have to start the process all over again. We’re unique in that we’re actual buyers. Selling to us eliminates the need for agents, commissions, and showings, among other things. As buyers, we guarantee that we will complete the transaction. We can close quickly because we are cash buyers.
Q: What happens when I submit my information?
A: Somebody from our organization will contact you once we receive your information. We’ll talk about your property, assess its condition, and make an offer. It’s up to you after that. We’ll go to a title firm and start the closing procedure if you accept our offer.