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: Excellent question. We’re not agents, and our focus isn’t on listing houses. We are professional home buyers in Virginia Beach, targeting properties that align with our purchasing criteria. Following acquisition, we may either renovate and resell the house to another homeowner or retain it as a rental.
Q: Do you pay fair prices for properties?
A: Many of the houses we acquire are below market value, allowing us to resell them at a profit. We seek a fair discount on properties, and in our experience, sellers often appreciate the benefits of a swift, cash transaction without the need for extensive repairs or agent fees. If you value a quick sale and find our approach aligns with your goals, let’s explore a mutually beneficial price. Remember, our no-obligation pricing commitment gives you the flexibility to decide whether to proceed with the offer we present – understanding the value we’re offering is always beneficial!
Grab your FREE guide that guides you through the Pros and Cons, along with the costs and timeline, of selling your house to a real estate investor. Compare this with the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself. Download now!
Q: How do you determine the price to offer on my house?
A: Excellent question, and we’re completely transparent about our approach. Our process is simple and direct. We assess the property’s location, necessary repairs, its current condition, and the recent sale values of comparable houses in the area. By carefully weighing all these factors, we determine a fair price that is mutually beneficial, working for both parties involved.
Q: Are there any fees or commissions to work with you?
A: This sets us apart from the traditional selling method: there are absolutely NO fees or commissions when you sell your house directly to us. We’ll present you with an offer, and if it aligns with your needs, we’ll purchase your house without any complications or charges. Additionally, we often cover the closing costs! Our revenue is generated after covering the repair expenses and selling the house for a profit. We shoulder the risks associated with selling for a profit, and once we acquire the property from you, the responsibility becomes ours. You walk away without the property burden and payments, with cash in hand.
Q: How are you different from a real estate agent?
A: Real estate agents list properties and rely on potential buyers to make a purchase. If there are interested buyers (bearing in mind the current average time to sell a property is 6-12 months in many markets), the agent shows them the properties. Upon successfully finding a buyer, the agent typically takes a percentage of the sale price as their commission. This commission often falls within the range of 3 to 6% of your house’s sale price. For example, on a $100,000 house, you could end up paying between $3,000 to $6,000 in commissions to the agent.
Agents offer a valuable service for those willing to wait 6 to 12 months to sell and are comfortable sacrificing a portion of the sale price for commissions. However, our approach sets us apart. We’re not agents; we’re home buyers. Our company directly purchases your house. Utilizing all-cash transactions, we can swiftly decide to buy your house within a couple of days, sometimes even the same day. Our business model revolves around taking the risk to purchase the house with our own cash, handle the necessary repairs, and independently market it to find a buyer.
Q: Is there any obligation when I submit my information?
A: You are under no obligation whatsoever. After you provide some details about your property, we’ll assess the information, possibly arrange a call to learn more, and present you with an all-cash offer that’s fair for both parties. Following that, the decision to sell your house to us is entirely yours. We believe in letting you determine what’s best for your situation.
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Learn The Pros and Cons Of Selling Your House To Local Professional Home Buyer – Your FREE Guide:
Access our FREE Guide by clicking here and feel free to reach out to us anytime for inquiries or a stress-free Situation Evaluation. Discover more about our process and how we assist homeowners in Virginia Beach in selling their unwanted properties for cash.