
Frequently Asked Questions
You might be wondering something. That’s perfectly normal; many others feel the same way. Below is a brief list of common questions we receive, along with our responses. If you have any other questions, please feel free to reach out to us anytime. We’re here to help!
Q: Will you be listing my house on the MLS or actually buying it?
A: That’s a great question! While some of our team members are real estate agents, our cash offer isn’t about listing your home. Unless you decide that listing is what you want, our cash offer is simply what we’re ready to pay for your property. At We Are HomeBuyers, we specialize in buying homes: We buy houses that fit our buying standards, and we don’t rely on bank loans, so you can feel confident that we can finalize the deal. After we buy a home, we might fix it up to sell to someone else or keep it as a rental property.
Q: How are you different from a real estate agent?
A: Real estate agents help sell homes by listing them and waiting for buyers. They show the house to interested people, but it can take 3 to 6 months on average for a home to sell in many areas. When a sale happens, agents earn a commission, which is usually 3 to 6% of the sale price. For example, if your home sells for $100,000, you could pay between $3,000 to $6,000 in fees to the agent.
While agents are useful for those who can wait a few months to sell and are okay with paying commissions, we do things differently. We’re not agents; we’re home buyers. Our company buys houses directly from you. We pay in cash, allowing us to make a decision to buy your home in just a couple of days, or we can wait 3-6 months if you need more time. Our business is based on taking the risk to buy your property with cash, fix it up, and then find a buyer ourselves.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
Selling w/ A Rome Agent | SOLD To We Are HomeBuyers | |
---|---|---|
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. | None needed |
Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
Number of Showings: | It Depends | 1 (Just Us) |
Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: Do you offer fair prices for homes?
A: We often buy houses at prices lower than the market value. This allows us to sell them later at a profit to someone who wants to buy a home. We aim to get a reasonable discount on a property. From what we’ve seen, many homeowners aren’t looking for a huge payout from their sale. They value the fact that we can pay in cash, finish the sale quickly (with no waiting for loan approvals), and there’s no need for you to spend time or money fixing up the house or paying real estate commissions. If you’re interested in selling your home fast and see the benefits of doing so, let’s talk about agreeing on a price that works for both of us. Our no-obligation offer means you can think it over without any pressure… but it helps to know what we can provide!
Q: Is it possible to sell a home that is already on the market?
A: Yes! If you want to sell your home quickly and avoid all the showings, we are here to help you discover the right options to fit your situation.
Q: Do I have to move right away?
A: No. You’ll have the flexibility to pick a move date that works for your schedule. Typically it’s up to 30 days from closing but since it’s our goal to make this as easy as possible for the seller’s, if more time is needed, just ask.
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! At We Are HomeBuyers, we value honesty. We follow a straightforward method to determine the price. First, we check where your house is located, any repairs it might need and its overall condition. Then, we look at what similar homes in the nearby area have recently sold for. After getting all that information together, we consider how much we think we can sell your home for. From that number, we take away our fees, repair costs, and our profit. This gives us our fair offer that we willing and able to pay for your house.
Q: Are there any fees or commissions to work with you?
A: What sets us apart from the usual way of selling your home is that there are NO fees or commissions when you sell your home directly to us. Unlike listing your home, where you could pay up to 6% from your own pocket, we’ll present you with an offer. If you like it, we buy your house with zero hassles and no fees involved. Often, we even cover the closing costs! Our profit comes after we handle any repairs needed and sell the house. We take on the risk of selling it for a profit. Once we purchase the house from you, it’s our responsibility, and you can walk away free from the property’s burdens and payments, plus you get cash in your hand.
Q: Is there any obligation when I submit my information?
A: You have no commitment at all. When you provide us with information about your property, we’ll review it and schedule a 5-10 minute call to learn more. After that, we’ll run some numbers, call you back and give you a cash offer that is fair for both you and us. The choice of whether to sell your home to us is entirely yours. If you like it, we’ll send over a purchase agreement and get the process started. If you don’t, you say no and we part ways. No hard feelings, at least we gave it our best shot! You get to decide what works best for you.
Q: Will you pay asking price for my house?
A: Sometimes we will, and other times we won’t. It all depends on what the asking price is. When you decide to sell your home to an investor, the price is usually lower than what you might think it should be. This happens because investors buy homes in their current condition without needing any repairs. They often pay in cash and aim to complete the sale quickly. So, when you talk with an investor, the price you agree on is often less than what you would expect in a regular home sale. Investors are looking to make a profit, and since the cost of building materials keeps rising each year, homes need to be sold for less to allow them to earn money on the deal.
Q: Why do investors purchase homes?
A: Investors purchase homes to make money. This means they might rent the property, renovate and sell it, or keep it while its value increases over time. Since real estate can be a lucrative investment, both people and businesses acquire homes from sellers to grow their asset collections.
Q: Is it possible to sell my house to an investor if I’m facing foreclosure?
A: Yes, you can often sell your house while in foreclosure as long as your lender hasn’t sold it yet. In simpler terms, if your house hasn’t gone to auction, you usually have time to make a deal with an investor. If foreclosure worries you, it’s a good idea to talk to your lender about options and to work on selling your house quickly to keep it out of their hands. This often leads to a short sale, which means selling the house for less than what you owe on the mortgage. Because you’re selling for less, the lender must approve the short sale and agree to the lower price.
Q: Should I sell my home to an investor?
A: Selling your home to an investor can be a smart choice for many reasons. It usually means a quicker sale and less hassle, which is great if you need to move fast and can’t handle the stress of the tradition home selling process. You won’t have to worry about making any repairs because investors typically buy homes in their as-is in their current state. Keep in mind, though, that the offers you get from investors will more than likely be lower than what you’d see on the market since they are looking to make a profit and not live in the house. An end buyer will always be willing to pay more. To avoid being scammed, make sure to check out the credentials for whatever investors you’re talking with and think about getting help from real estate experts or lawyers.
In Conclusion
When you sell your home to an investor, you may choose ease and quickness instead of getting the highest price and forming emotional ties. This kind of sale needs careful checking, assessment, and talks to steer clear of dishonest investors. Although it has benefits like fast sales and selling without repairs, homeowners should think about what it means to receive offers lower than the market price and how it fits into their future money plans.
It’s important to talk to experts and reflect on your needs and goals before moving forward with this kind of deal.
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