Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. Here is 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 anytime. We would be happy to answer it for you.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question! The first step is for us to have a conversation about your property and situation to determine whether or not it qualifies for an all cash offer or if one of our other programs is a better fit. With our all cash offer we do not list properties but we do have other programs where we can get you more money for your property that would involve listing the property. That is one of the benefits of working with us vs a traditional cash buyer or real estate agent. We have multiple options you can choose from depending on your unique situation.
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 4-6 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 6% of the sale price of your house. If it’s a $200,000 house, you’ll pay $12,000 in commissions to an agent.
Agents provide a great service for those that can wait 4+ 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 buys the house directly from you. Since we pay with all cash and purchase the house from you, we can make a decision to buy your house within a couple of days (sometimes even 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.
Looking for this to be broken down further? Here’s a comparison chart for our cash offer to give an overview:
| Selling w/ A Charlotte Agent | SOLD To Favored Home Buyers | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency: | Yes, sales can fall through. | Not with our cash offer |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | Not with our cash offer |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us and our partners) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | Typically less than 30 days. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
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. In our experience, many sellers aren’t necessarily expecting a large “windfall” on the property. Instead, they appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time, effort, or expense is required on your part to 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 win-win price for both parties. Our no-obligation pricing commitment means that you don’t have to move forward with the offer we give… but it’s good to know what we’re offering!
We do have other options if price is the most important factor for you and you have 45-60 days to work with. Properties don’t always approve for this program but feel free to give us a call to see if your property qualifies.
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
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 the value of comparable houses sold in the area recently. Taking the many pieces of information into consideration, we 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: With our all cash offer there are NO fees or commissions when you sell your house directly to us compared to listing fees, where up to 6% comes out of your pocket. We’ll make you an offer and, if it’s a fit, then we’ll buy your house with no hassles and no fees. We’ll often pay for the closing costs, too! We make our money after we pay for repairs on the house 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, as well as cash in your hand. Even with our other programs where we can get your more for your property, we cover closing costs, repairs and any commissions or fees.
Q: Is there any obligation when I submit my information?
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 see if your property qualifies for an offer. From there, it’s 100% your decision on whether or not you’d like to sell your house to us. We’ll let you decide what’s right for you from our different programs.
Q: What if I just want the most amount of money and have a hands off experience?
A: Great question! We have had thousands of homeowners just like you ask this question which is why we rolled out our Retail Buyer Program. With this program we are able to offer closer to retail value for your property. The way we do this is by connecting your property with a local buyer who is looking to live in the property vs an investor who would have to buy at a deep discount. We cover the entire process from A-Z and take care of all closing costs, commission, repairs, clean out expenses, title fees, etc… Whatever number we offer you is what you can expect net in your pocket after its all said and done minus any back taxes or mortgages you may have. This process typically takes anywhere from 30-60 days start to finish and can often times get you upwards of 50% more for your property vs a traditional cash offer. It is difficult to get approved for and may not be the best option for you depending on your situation. Give us a call and talk to one of our property specialist to see which of our programs would be the best fit for you.
Q: What is the difference between a CASH offer and a Retail Buyer Program offer?
A: This is probably the most common question we get and for good reason! Our cash offer is what 99.9% of the investors you probably have spoken to already are offering. They typically can offer 40-50% of value (depending on the condition) for your property and will buy it in as-is condition, close in 30 days or less and give flexibility in your move out date, leaving any unwanted items etc… What most “investors” don’t tell you is even with a cash offer, they are not the ones buying the house. We do not operate that way, if we are the ones buying the house we will tell you. If we are not the ones buying your house we will tell you. Our mission is 100% transparency in all things.
The Retail Buyer Program is a unique program that we offer to homeowners who may not be in a huge rush to sell but want the convenience of a cash offer without getting lowballed. We have worked with homeowners who were offered $23,000 for their property by other cash investors and we were able to get them over $60,000 in 30-45 days with our Retail Buyer Program. Now, not every home qualifies for this program so you would need to talk to one of our property consultants to see if that is an option for you.
In short the difference between a CASH offer and Retail Buyer Program offer is the cash offer takes on average 30 days while the RBP offer takes on average 60 days. The CASH offer will be roughly 40-50% of value where the RBP offer will be closer to 60-80% of value. Both offers involve people coming out to the property, photographers, Realtors, inspectors etc… Both offers we pay the closing costs but with our RBP offer, if any repairs are needed for the end buyer to qualify for their loan we are able to complete those at no extra cost to you.
In todays real estate market with rising interest rates, fear of recession and out of control inflation MOST big buyers and institutional money is sitting on the sidelines waiting for the market to crash… The BEST WAY TO GET YOUR HOME SOLD AND CASH IN YOUR POCKET is to get as many eyeballs on it as you possibly can… That is where we come in. We have the tools, network and systems in place to trade your problem property for CASH in as little time as possible. Whether we buy it or someone else, all that matters is you walk away with the number you want and the process is easy and convenient.
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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
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Get your FREE Guide and then give us a call at (888)-403-4019. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.