Some Common Questions
There’s probably a lot of questions circling around your head, which is perfectly fine. With such a big move in your life, you SHOULD be asking lots of questions.
With these questions, the best thing to do is to either get on the phone with us or contact us here.
Nevertheless, below we have the most frequently asked questions and our detailed answers to those. Feel free to read, read, and read some more before contacting us (or call us right now if you’re hankering to).
Q: “Will you be buying our house or listing it?”
A: Sometimes, our service can sound a bit confusing to some, since there aren’t many people that will advertise to actually BUY your house today! But, we’re NOT a brokerage looking to represent you and your house as an agent, list your house, and then gain a commission IF it’s sold. We want to buy it for ourselves. We are professional house buyers: We buy houses in Miami that meet our criteria. What we do afterward depends on the situation and location. We may either repair it and resell it ourselves, or keep it as a rental.
Q: What’s your offer?
A: This is probably the most commonly asked question. The benefits of our offer consist of:
- a real buyer
- paying all-cash
- buying your house fast in under 2 weeks or less
- buying your house as-is without you EVER paying for repairs or lifting a finger for cleaning
- we inherit ALL the risk, hassle, and hardship that you would have to endure if you were to list it
- providing an easy and fast process that literally only takes you one phone call to accomplish
- providing options for your situation and free consultation to get you out and moving on
- a transparent process
- and a guaranteed sale
…doesn’t come free (don’t worry, you won’t ever pay a dime out of pocket). As pro homebuyers, we wouldn’t be able to provide a great service to homeowners like Colin P, Jemmey P. from Arizona, Carrie A. from Hollywood FL, Kathrine S. from Hollywood, and many others if we couldn’t re-sell your property for a profit.
Below is a list of our costs when we buy your house so that we can provide a free and reliable service:
- We pay for all the closing costs (10% of sales price)
- We pay for all the repairs to fix up your house (anywhere from $5,000-$30,000 depending on condition)
- We handle the tenants (an eviction can cost $4,000)
- We pay for cash (cash isn’t free even for us. Yes, we use our own money, but we often borrow money from other investors as well, which enables us to help as many homeowners as we can but can cost us anywhere from $5,000 to $15,000 depending on purchase price)
- and we need to make a gross profit ($19,000) to stay in business
…. and in order to provide a great service with these benefits, we have to buy houses below market value (but ALWAYS a fair price). The homeowners we’ve helped are happy to sell it below market value knowing that they get a guaranteed hassle-free sale today!
Most other homebuyers won’t tell you their cost or even their profit. But we are different. We believe in transparency and honesty so that you can see for yourself that we aren’t trying to lowball anyone.
[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… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself. Head on over here download your free guide →]
Q: How do you determine an offer?
A: Good question! We have already broken down some of our costs to our offer (again you won’t pay a dime when selling to us), but there are some factors we consider to come up with a price…. most importantly, we have to determine the VALUE of your house.
Our process is very straightforward. We look at the location of the house, what needs to be fixed to bring it up to a market value condition, the current condition of the home, and values of nearby houses that have sold recently.
With these 4 factors, plus the costs of us buying and selling, we can come up with a FAIR cash offer for you.
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 property to us. We’ll make you an offer, and if our fast and reliable service is of enough value for you, then we’ll purchase the property as-is and we pay for all the costs associated so that you come out a winner! No hassle. No fees.
How we profit is when we make our necessary repairs, and sell the house later (we’re taking all of the risks on whether we can sell it for a profit or not, once we purchase the property from you… the responsibility is ours and you walk away WITHOUT the burden of the property and its payments…)
Q: How are you different from a real estate agent?
A: Real estate brokers list your house and hope that someone will buy it (they carry none of the risk while you ALL of the heavy lifting AND risk not finding a buyer). The agent will show your house to prospective buyers if there are any (after you’ve made repairs to bring it to market condition).
Depending on the location, the average time to sell a house is 4-8 months. And to add on to this, a sale with an agent is costly.
Your costs with an agent:
- clean up and repairs (possibly $5,000 to $10,000 if you need to update anything)
- continue paying for your mortgage every month until its sold (remember this process can take you 6 months to accomplish so if your mortgage is $1500 a month you’ll end up paying $8,000)
- pay for all the closing costs, title, and inspection (4% of the sales price)
- pay for the eviction if you have bad tenants ($4,000 plus the time it takes to get rid of those bad tenants)
- and then pay for the agents fee (6% of sale price)
….so with a $100,000 house, if you list it, you may end up paying around $27,000-$32,000 just to list it while still waiting all that time not knowing for sure if you’ll find a buyer!
But that’s where we’re different…. you can avoid all that hassle and cost and just sell directly to us.
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 of days (sometimes the same day).
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).
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation to 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 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.
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Get the FREE Guide and then give us a call at (305) 964-8223 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.