Perhaps you have a few questions, and that’s perfectly normal; many people do. Here’s a concise compilation of common questions we encounter and our corresponding answers. However, if you still have a question lingering in your mind, don’t hesitate to reach out to us (or give us a call) at (617) 858-0981, and we’ll be more than happy to provide you with the answers you seek.
Frequently Asked Questions
1. Will you list my house on the MLS?
No, we do not list our clients’ houses on the MLS. We are not agents assisting in finding buyers for your property. In fact, we are the buyers ourselves! Working collaboratively with you, we assess the best possible offer for your home and present it to you. Our team manages the entire process from start to finish. Once we purchase your home, we handle any necessary repairs and subsequently sell it for a profit. Meanwhile, you receive immediate cash for your property. We will provide transparent and detailed computations, ensuring you feel confident and satisfied with the outcome.
2. Can you assure me of a fair payment for my house?
We are committed to consistently offering a fair amount for houses. Our goal is not to lowball sellers; instead, we want homeowners to feel satisfied with our cash offer and the hassle-free benefits it provides, such as transparency with no hidden fees or repair costs.
However, it’s essential to understand that there can be a distinction between a fair price and the “market value” of a property. If a house requires updates or repairs, we will take these factors into account when making our offer. Sometimes, we can explore “creative financing” options to tailor an offer that benefits both parties. Each time we make an offer, we present all potential opportunities for consideration.
3. How do you determine the price to offer on my house?
Our evaluation process involves determining the After Repair Value (ARV) of your house, which represents the potential selling price on the market once we complete the necessary work after purchasing it from you. To assess this, one of our specialists will visit your home and carefully calculate the repair and refurbishment costs required.
In addition to repair expenses, we must consider other selling costs. Although you’re fortunate to avoid using an agent when selling to us, we need to engage one to list the house after the purchase. This cost covers holding and closing expenses, fees, taxes, and commission, typically amounting to around 10% of the ARV.
To arrive at a fair price for your property, we subtract the repair, refurbishment, and selling costs from the ARV and then add our minimum profit. This offer is often quite close to what you would have received through traditional house-selling methods after factoring in the additional expenses of using an agent. However, with us, you receive the money faster in cash without the usual headaches linked to agent-represented listings. While it can sometimes take months to find a legitimate buyer through traditional means, we provide a streamlined process that ensures a faster and hassle-free sale.
4. How are you different from a real estate agent?
When selling your house through a real estate agent and the Multiple Listing Service (MLS), you often have to endure weeks or months of numerous walkthroughs before finding the right buyer. Additionally, you need to bear the burden of title fees, closing costs, and the agent’s commission.
In contrast, as investors, we offer an immediate cash purchase of your house or find other buyers who can do the same. After rehabilitating the property, we place it back on the market and sell it for a profit. That’s how we make our money. When you sell to us, we take care of inspection and closing costs, charge no commission, and pay you in cash. This eliminates the need for an agent and the extra expenses it entails while ensuring a much quicker sale and a hassle-free process for you.
5. Is there any obligation when I submit my info?
Submitting your information comes with no obligations.
We recognize that you have various choices, and to stand out from other options, we want to ensure you understand that there are no costs involved when receiving your free offer. You have absolutely nothing to lose by exploring this opportunity.
6. Do I need to clean or make any repairs before I move out?
No, there’s no need for you to clean or make any repairs before moving out. Once we close on the house, we take care of all cleaning and repairs ourselves. Feel free to leave behind anything you don’t want, from food in the fridge to unwanted furniture and trash. We will handle everything for you.