Frequently Asked Questions
Common Questions Answered for Home Sellers
We understand that when it comes to selling your home, there are numerous questions you might have. Below are some commonly asked questions with our comprehensive answers. If your query isn’t addressed here, feel free to get in touch, and we’d be glad to assist!
Q: Are you going to list my home on the MLS, or will you be buying it directly?
A: We’re not in the business of listing homes as we’re not real estate agents. Instead, we specialize in purchasing homes directly. If your property aligns with our buying criteria, we might either refurbish it and sell, or retain it as a rental.
Q: Can I expect a fair market price for my property?
A: Typically, we purchase homes below the market rate, enabling us to refurbish and sell at a profit. While we seek a reasonable discount, many homeowners value the convenience we offer: instant cash payment, rapid closure without waiting for loan approvals, and no need to renovate or pay agent fees. Our proposition might not make you rich overnight, but if quick sale and convenience are your priorities, we’re here to strike a balanced deal.
[Discover the advantages and drawbacks of selling your house to a property investor in our free guide. It also contrasts this method with other approaches such as listing through an agent or DIY selling. [Grab your free guide here →]]
Q: How do you decide on the offer price for my home?
A: Transparency is crucial to us. The price we offer is based on various factors: the property’s location, necessary repairs, its present state, and the sale prices of similar homes in the vicinity. We take a holistic view to determine a price that’s equitable for both of us.
Q: Do I have to pay fees or commissions when I deal with you?
A: Unlike the conventional home-selling process, with us, you don’t have to worry about hidden fees or commissions. When we make an offer and it aligns with your expectations, we handle the purchase and often cover the closing costs as well. You’ll experience a seamless transaction, potentially walking away with cash, devoid of any property-related liabilities.
Q: How do you differ from a traditional real estate agent?
A: An agent lists homes, showcases them to potential buyers, and earns a commission (typically 3-6% of the selling price) once a buyer is found. This works for those willing to wait for months and who are okay parting with a portion of their sale for commission. We operate differently. As direct home buyers, we don’t list; we buy with cash. This means we can decide on purchasing your property in just a few days or even hours. We take on the risk of buying, renovating, and then finding a buyer in a challenging market.
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Rochester that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
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Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then 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 a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re 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 can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Q: Is there any obligation when I submit my info?
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 all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… 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.
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