Frequently Asked Questions (FAQ)
According to Dr. Debasish Miridha, author and philosopher, “A knowledgeable curious mind is the bridging ground for ideas.” Likewise, we open our doors for any homeowner who seek our expert advice or simply ask questions about how the purchase agreement works. If you wish to talk to our team, don’t hesitate to contact us (or give us a call) and we’ll be happy to hear from you and accommodate any questions you may have in mind.
In the meantime, we came up with a list of things most property sellers would like to know and they are as follows:
Q: Will you be listing my house on the Multiple Listing Services (MLS) or do you intend on buying it?
A: Great question. First of all, we’re not real estate agents, so we don’t list houses. We are professional cash home buyers: We buy houses San Antonio that work to meet a series of purchasing criteria. We may repair the house and resell it to another home owner or keep it as a rental ourselves.
Q: What’s the price index basis of a property and how do we get paid?
A: Overall, we consider the fair market price. We check the location, what repair work needs tending to, the current state of the property, and values of similar houses sold in the area recently. Please be reminded that we consider the neighboring properties and the potential asset value appreciation of the area. Normally, we get clear-cut information foremost before we cash out. What stands out in our approach is that we can pay instanstaneously and that we close very efficiently. That alone incentivizes sellers to proceed. Financing the sale with our cash reserve is the biggest plus, because they won’t have to wait long (and we mean months!) to get the full payment. So yes, we do it in cold hard cash and/or use wire transfer. And yes, we also hand it in bulk.
[DOWNLOAD our free guide to get a more informed perspective on the Pros and Cons of cash home buying. This includes the costs and timeline of selling your house to a real estate investor. Moreover, we’ve also listed the upsides and downsides of the two other options you’re presented with in property sale: listing with an agent or selling it yourself. Head on over here download your free guide →]
Q: More specific would be how do you come up with a price to offer on my house?
A: We’re an open book. You can see through that our process stays on a path where you and other sellers can enjoy transparency. During our first phone conversation, we make sure to obtain adequate information on the property you would potentially sell. The pieces of information gathered in that short interview would serve as the starting negotiating point, and understandably, we expect nothing but full details (meaning no small bit should be left out about legal attachments ) for us to fully optimize our capacity to price.
Within a day or two, we then put an offer on the table after careful assessment. A good number of the houses we’ve purchased in years are typically below market value with repair flaws and legal attachments that need ironing out. Because of this, our offer is fairly discounted. But worry not, we maintain that this offer is still the best deal out there since it is straightforward. However, admittedly, there are also many variables to take into serious consideration before we lay down the numbers which is why it is of utmost importance that we get to talk to you and put two heads together in the negotiation phase to come up with the best fair market value.
Q: Are there any fees or commissions that I should prepare for?
A: There are NONE. Unlike a typical purchase agreement, we are not entitled to charge 6% on commissions for the acquisitions and dispositions. On top of that, we also don’t get a 2% cut from the entire price of the home. Put simply, NO surprise fees nor hidden costs would come to play in the transaction. We don’t charge realtor fees and other commissions. In our experience however, many sellers aren’t particularly expecting top-of-the-shelf offer on the property which only happens after going through a long, complex series of inspection, bank financing, etc. This is what sets us apart from the traditional method of property sale. You get to step out of your house and into your new home with net proceeds from the cash we hand you.
Q: How are you any different from a real estate agent?
A: I can name a handful! Real estate agents handle the sale of real property via a process called “listing.” When that happens, they may be given the capacity to work with more than one other agent or broker while waiting on a potential home buyer. When one shows keen interests in buying the house, the agent then goes on to do ocular visits with the prospective buyers. This is done more than once depending on how many would like have a look on your property. A key note would be the average length of time to finalize a sale. In many markets today, it would take 6 months and even a year to do it. Finally, an agent is entitled to a percentage of the sale price once they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price (so if your house is worth $100,000, a $3,000 – $6,000 would be paid to your agent). Without question, agents provide great help to those that have no urgent financial obligations and those who don’t mind cash deductions for the services rendered by either one or two real estate professionals who all split the commission.
Meanwhile, our means of going about the sale process is vastly different and a simple one at that! We are direct home buyers foremost. Hence, the above mentioned hold no bearing in our transaction. Our company purchases your property without the listing procedure. To add, since we are able to finance and push through without the need for a bank loan approval, you and I can forget about jumping through hoops since WE PAY IN CASH ALMOST IMMEDIATELY. You can walk out with money in your pocket within a couple days (at times, immediately after the negotiation phase). To emphasize, we make a living out of taking the risk to buy property with our own private money in whatever condition and legal obligations left for us to cover.
Q: Is there any obligation on my end when I submit my property info?
A: An all-cash bid is simply what it is: just a bid. The offer would not be materialized unless both parties have actively agreed on the amount and the terms and conditions set during the discussion. Therefore, there is absolutely nothing to fear in getting your property information out there with a We Buy Houses company like ours and getting a cash offer thereafter. Once out of the way, we give you ample time to make up your mind whether to take or leave or renegotiate with us. And as professional home buyers who have been in the business for nearly a decade, you can rest assured that we won’t subject you to aggressive pressure if you choose to look the other way. After all, this big step forward requires your 100% and we can only be as invested in your investment when we are on the same wavelength.
Do You Want To Gauge How Much You Can Get If You Sell Your House To Us?
Fill Out The Short Form Below To Get A No-Obligation All-Cash Offer:
Learn The Pros and Cons Of Selling Your House To Local
Professional Home Buyer– FREE Guide:
Download our FREE Guide here by clicking the blue inset. We offer a great overview with a proper break-down of details necessary in real estate sale. If you wish for a more in-depth discussion, feel free to Contact us and ask as many questions as you want to gain a wider perspective of our sale approach.
Get the FREE Guide and don’t forget to ring us at (210) 794-6590 and we’ll discuss what your home is worth and what reasonable offer we can make to buy it for with our Cash Offer Program.