Frequently Asked Questions
Have a few questions? Most people do. So, here’s a quick collection of some of the common questions we get… with our answers next to them. If you still have a question don’t hesitate to shoot us an email through our contact page (or give us a call).
Q: Are you actually listing my house on the MLS or buying it?
A: Great question. We’re not agents, and we don’t list houses. We buy houses in Delaware that fit our buying criteria. From there we may repair the house and resell it to another home owner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: We have to purchase a house below market value so we can resell it at a profit to another home owner. However, if you’re in foreclosure you likely don’t have equity… so we can often negotiate with the lender for a discount on the property. In the end, we have to get a fair discount on a property so we have room to make a profit when we resell it. But, we bring to the table a fast, no hassle, all-cash offer… we can close quickly, are very flexible on terms of the sale, and will buy your house in any condition. If thats what you’re looking for and you see the value in getting your house sold fast… lets talk and see if we can come to a fair win-win price.
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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… so I’m glad you asked. Our process is rather simple. We look at the location, what repairs are needed, condition, 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. So, we take everything into consideration… and come up with a fair price that works for us and works for you too.
Q: What makes you different than other companies who will buy my house fast?
A: Many investors just want to make a buck and don’t care about you .Our #1 priority is to help you as best we can. We are professional, courteous, and always 100% upfront and honest with you. Don’t waste your time with gimmicks.
Q: How do I decide who to sell my house to?
A: To be honest, you should sell your house to someone that you trust, who can give you the best price. If that someone you trust offers a better deal than ours, take it. We want you to get the best value for your house, regardless of whether it is us or not.
Q: I do not know you, how can I trust you?
A: We understand that selling a house can be very stressful and emotional. Give us a call, geta sense of our company. We will come and speak to you in person. We are here to help you and clear up any reservations you may have. We are friendly and 100% honest with you.
Q: How quickly can you REALLY buy my house and close?
A: Eliminating banks and realtors from the equation considerably speeds up the process. We can close in as little as two weeks if necessary. In most cases, we close in about 4 to 6 weeks.
Q: My house is in bad shape and needs a lot of repairs. Do you purchase houses in very bad condition?
A: Yes! We buy ANY home. We specialize in purchasing houses ‘AS IS’, no matter the condition. Leave the work to us.
Q: Are there any fees or commissions to work with you?
A: There are NO fees or commissions to work with us. We’ll make you an offer, and if its a fit… 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) to fix it up so it’s nice and pretty… market the house, and sell it for a profit (we’re taking all of the risk 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 it’s payments… and oftentimes 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 average time to sell a property in many markets right now is 6-12 months. As you know, you pay a commission as a % of the sales price when you work with a real estate agent. Often times it’s 3-6% of the sales price (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 in many cases to sell and who have room to pay the commission on the sale. 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 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: No obligation at all. 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 thats 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 bother you… it’s 100% your decision and we’ll let decide what’s right for you.
Q: How does the process work?
A: Once we come to an agreement on price and terms, we have a simple two-page contract to sign. It can be emailed, fax, or we can meet it person to sign and review it as well. You are welcome to have your attorney or anyone else review the contract. Then, the documents are sent to our attorney for them to do the title search, which takes a week or so. There may be some time after this depending on your situation. Many homeowners request 30 days or more to transition into moving into a new residence. You will then receive a preliminary settlement sheet that breaks down all of the numbers and gives you a final total you will receive. Finally, all parties attend closing at the attorney’s office, sign all necessary paperwork, and the keys are handed over. We will either bring a cashier’s check to settlement or wire the money to you directly. It’s really that simple!
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5 Ways To Stop or Avoid Foreclosure In Today’s Market – FREE Guide:
Need more information on the foreclosure process and How To Stop Foreclosure? Download our FREE Stop Foreclosure Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners avoid foreclosure or sell unwanted properties for cash.