Frequently Asked Questions
You probably have some questions. Not a problem; just about everyone does. Here are some of the questions we get asked a lot, we’ve added our answers here as well. If you have a question we have not answered here or just want to discuss anything in more detail, don’t hesitate to contact us (or give us a call) and we’ll be delighted to chat with you.
Q: Will you be listing my house on the MLS or actually buying it?
A: We get asked this a lot! We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Tulsa that meet our purchasing criteria. From there we may repair the house and resell it to another home owner or keep it as a rental ourselves. That’s why we are able to move so fast.
Q: Do you pay fair prices for properties?
A: We will often buy houses below market value (we do this so we can resell it at a profit to another home owner or to make a rental feasible for us). We working to get a fair discount on a property so that we are able to grow our business. However, in our experience, many sellers understand all of the benefits of working with us which often seem hidden at first. Sellers who work with us aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (we’re paying cash so no waiting for bank financing to come through), and no time or effort or expense is required on your part of fix up the property or pay agent fees since we can take the property As Is. You don’t have to clean up the property and get it ready every time an agent wants to bring a buyer. With us it’s just us and we will take the property in any condition. That should save you a lot of unnecessary stress. If you want a fast and easy solution to your unwanted property that you want to or must sell, then we might be the right fit for you. Let’s see if we can come to a fair win-win price. You have nothing to lose since we have a no-obligation pricing commitment, meaning you do not have to move ahead with the offer we make you. At the very least, it’s another option for you to explore.
[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 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 values of comparable houses sold in the area recently. As you know, house values are very localized and it can even change from one neighborhood to the next. We evaluate many different pieces of key information and then we come up with a fair price that works for us and hopefully for you too. If it works for both of us then we can move forward very fast.
Q: Are there any fees or commissions to work with you?
A: This is one of the key items that differentiates us from the traditional method of selling your house: There are NO fees or commissions when we purchase your home from you. We’ll make you an offer, and if you agree to the price then we’ll buy your house (and we’ll often pay for the closing costs too!). No hidden costs and fees. We make our money after we pay for repairs on the house (if needed) and sell it for a profit (we’re taking all of the risk here on whether we can actually sell it for a profit or not, after we have already bought the house from you… the responsibility is ours and you walk away without the burden of the property, its payments, and associated costs… and often 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 agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $150,000 house, you’ll pay between $4,500 – $9,000 in commissions to an agent). Realtors perform a valuable service for sellers that can wait 6-12 months or more to sell, don’t mind paying out a percentage of that sales price in commissions, and can afford to continue paying for the overhead of the house. This is where a big difference is, we’re not real estate agents, we are professional homebuyers. We don’t have “listings”, we buy the houses ourselves and take the risk. 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: It is a 100% zero obligation submission. Once you tell us a bit about your property, we’ll do some work to understand what we can offer, possibly set up a call with you to find out a bit more or meet at the home, and make you an all-cash offer that’s fair for you and fair for us. The process is simple and fast. 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 totally your decision and you decide whether working with us is right for you or not. We will 100% respect whatever decision you make.
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