Frequently Asked Questions About the Cash for Homes Process
If I enter my information, am I obligated to sell?
Absolutely not! Your information only lets us provide you with a cash offer. It’s totally up to you whether you decide to accept. You can request an offer from us even if your property is already on the market or you’re exploring other options. If you decide to sell to us, you’ll be able to close within a matter of days. It’s a good option to have! In fact, you can get a quote from us today even if you’re not ready to move out of your property.
What kinds of fees will I have to pay when selling my home?
When you sell a home through a real estate agent, you usually have to pay thousands of dollars in real estate fees. Real estate professionals take a percentage of the sale. But we don’t use realtors. We conduct everything in-house. Because of that, you’ll simply pay some low one-time fees to complete the transaction. There aren’t any hidden costs involved, and we’re extremely transparent about any fees.
How is the offering price for my house determined?
We take a look at how comparable properties in your area are selling, as well as the cost of the repairs your home needs. You don’t need to get an official appraisal, but you can if you want to double-check your property’s value. Unlike traditional buyers, we can make any offer we want. Traditional buyers can only offer as much as the bank will let them. You don’t need to go through time-consuming negotiations with us. We’ll figure out how much we can offer you, and you can decide whether it seems like a fair offer to you.
What do you do with the home after you purchase it?
After we purchase your home, our in-house team of experts will repair and renovate it. We are able to complete repairs affordably and effectively because our team consists of experts and professionals. Once we have repaired the property, we will make it available for sale or for rent — hopefully to a family or individual who will cherish it. Our goal is to give back to the community. We want to recondition and repair housing that’s currently off the market to breathe new life into it for new families.
Can I sell my home if I am behind on the mortgage?
You can absolutely sell a home if you’re behind on the mortgage. In fact, you probably should. Once the house is purchased, some cash will go to pay the mortgage, and whatever is left over will go to you. Selling your home before you go into foreclosure is ideal as foreclosure can affect your credit for years. If you owe more on the property than we can offer, you can inquire with your bank about a “short sale.” A short sale lets you sell your property for less than you owe!
How long does it take to sell my home?
Normally, it can take months to sell a property. You need to show it for weeks. Then you have to accept an offer. And then you need to wait a month and a half for the mortgage loan to clear. But that’s not true with us. With us, you can close within a few days of getting our offer in hand. Once you’ve accepted our offer, we’ll finalize the documents and send you a wire transfer. That wire transfer should only take 48 hours to clear.
Do I have to move out right after selling my house?
No, you don’t! We’re flexible. Let us know what time works best for you. If you need to purchase another home or find a place to rent, you can get the leeway that you need with us. Many other traditional purchasers will require that you move out right away. Even if you aren’t able to move out right now, there’s value in knowing how much your property can sell for. Don’t hesitate to contact us for a quote today.
Can I sell my house if I live out of state?
You can! We’ll still need to take a look at your property, but we can work with you if you live out of state. We will need to conduct a walkthrough before we purchase a house, but we can make arrangements with you to get a full tour of the property.
What types of houses do you buy?
We buy houses in any condition! We buy houses that need major repairs, that cannot be currently lived in, that need to be updated, or that need major renovations. You’ll never know what we can offer you until we take a look. Most buyers aren’t able to purchase houses that need significant repairs. Mortgage lenders don’t want to provide money for houses that can’t be lived in. But because we don’t rely on mortgage lenders for our cash payments, we can buy any house on the market.