Frequently Asked Questions
Do you have any questions for us? We have countless satisfying answers to any question you might have. Therefore, don’t be afraid to contact us by phone or email with any questions you may have. For your convenience, we have compiled a list of some questions that our clients frequently ask. We urge you to review them because you might find some of your questions answered.
After reading this, please contact us if you have any additional questions. And we’ll respond to your questions quickly and completely.
Q: Why should I sell to an investor rather than listing with a local estate agent?
A: Keep in mind that we are real estate investors who buy property at a discount to make a profit. And even though we let homeowners know that we can’t pay them the full retail value for their property, they continue selling to us because they know we’re their best bet for a swift sale and an even faster closing. It’s also incredibly easy to sell to us because there are no agents, repairs, or cleaning to worry about. We even purchase rental properties that already have tenants.
Q: Do you consider the prices you offer on property investments reasonable?
A: We only make about 10% to 15% of the house’s total worth after repairs and remodeling. Profit margins, carrying costs, real estate commissions, repair and maintenance expenses frequently impact our prices. There are no terms of any type attached to our offers. So don’t be afraid to contact us for a quote. We would be happy to send you a quote anytime, and we won’t bother you if you say no.
Q: What factors go into your pricing?
A: You must first be familiar with the concept of ARV to understand what factors go into our pricing. The After Repair Value of a property is known as the ARV. The price your home will sell for, assuming all necessary repairs and improvements are made, constitutes the ARV. And each of our offers is based on this ARV. By deducting the total sum of closing fees, carrying costs, profit margin, and repair charges, we arrive at our ARV. Since repairs are the most important factor, our basic calculation is 70% of ARV minus the cost of repairs.
Q: What percent of the purchase price is your commission?
A: Unlike the traditional approach, we don’t charge commissions or other costs to clients. Instead, we offer all of our services without charges. All closing charges and carrying costs are taken care of by us. As a result, most of the rates we provide are frequently our final prices.
Q: Will You Buy My House Even If It’s Not In Perfect Condition?
A: Since we are real estate investors, the state of your property doesn’t really matter to us. And this is so because we plan to buy your house, make the necessary improvements, and then sell it to a new family. So, as a result, we purchase even the most imperfect properties.
Q: What makes you different from real estate agents?
A: Real estate brokers are required by law to secure the best price for your property. Additionally, they advertise your home using various email marketing strategies, ads, and the Multiple Listing Service. They also hold a ton of open houses and display the property to prospective purchasers in the hopes that one may be interested. Unfortunately, there is no assurance that you will find a buyer in time throughout this lengthy procedure.
You’ll probably spend a lot of money on holding costs and other related expenses during that waiting period. Then, when a buyer does come along, you will still need money for closing costs, carrying costs, and agency fees. In the end, you’ll discover that the “highest offer” you’re looking for might not be worth the while.
On the other hand, we are investors in real estate, not brokers. This basically means that we buy your home rather than serving as an intermediary between you and a buyer. As a result, we don’t ask for commissions or agent fees from you. Moreover, you won’t have to pay holding expenses for several months.
You can anticipate that we will close your transaction within a week due to the pace of our transactions. Additionally, we are willing to finalize the transaction at your earliest convenience if our seven-day schedule proves inconvenient. We also promise to handle your payment once the sale has been verified and closed.
Q: What happens when I send in my property information?
A: You can anticipate that we will close your transaction within a week due to the pace of our transactions. Additionally, we are willing to close at your earliest convenience if our seven-day schedule proves inconvenient. We also promise to handle your payment as soon as the deal has been validated and closed.