Frequently Asked Questions
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 acting as agents here and we don’t want to list your house. We are mainly professional home buyers: We buy houses in Northeast FL 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, most sellers 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 to fix up the property, carry the property costs any longer than you decide or pay agent fees or a bunch of closing costs. We only need a clear title and a closing date from you and we handle all the paperwork to get that done. 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 and you can use us as a backup to whatever else you may decide to try!)
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Q: How do you determine the price to offer on my house?
A: We’re an open book: Our process is very straightforward. We look at the location of the property, amenities 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 are constantly on the move up or down and about every 7-10 years, there’s a substantial correction. (We are overdue for one now!) We take many pieces of information into consideration… and do our best to come up with a fair price that works for both of us.
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 pay ALL 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 or keep it long-term as a rental. We take all of the risks! Once we buy the house from you… the responsibility is ours and you walk away without the burden of the property. You’re all done with cash in hand and/or your payment obligations wiped out!
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 about 6 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 3-6 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 acting as agents here, we’re your home buyer. Our company buys houses. We don’t want to 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 immediately. We make our living by taking the risk to buy the house with our own cash, repair the house and either keep it long-term or market it ourselves to find a buyer.
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, set up a call with you to find out a bit more, maybe come see the property 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. We’ll also help you with your situation whether we buy it or not.
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