Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the most Frequently Asked Questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you. Without further ado, the Frequently Asked Questions.
Q: Will you be listing my house on the MLS or actually buying it?
A: No. We are not agents, and dealing with agents costs not only you money, but costs us money as well. This would be counterproductive as we need to keep costs low so that we cn make you attractive offers so our contracts get signed. No agents, no fees, no commission, no bank shenanigans means, higher offers and a hassle free transaction.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another home owner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
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Q: How do you determine the price to offer on my house?
A: This is a very important question. We look at the location and amount of work it needs. We then look at the houses in your area that are very similar to yours that have recently been sold. This gives us a fairly accurate market value of your house. Knowing now how much we can get for your house after it has been repaired, and the amount of work to fix it up to bring it in the same condition of all the other houses that have recently been sold, we can determine a fair number that works for you and us.
Keep in mind we are absolutely transparent and we share all our findings and numbers with you. This saves everyone time and headache. You can see for yourself where our number comes from and you can see that the number i a fair number. This gets a lot of our offers accepted. Honesty and transparency goes a long way in this business.
Q: Are there any fees or commissions to work with you?
A: There are no fees or commissions working with us. Our rewards comes from doing a proper analysis and buying your house at a price you feel happy selling, and us having enough wiggle room to rehab the house to get as much for it on the market after the rehab is done. As you can see the challenge here is to find that happy medium where everyone can walk away a winner. Although this number may not always be possible we are very good at making our customers happy and often they are pleasantly surprised how much we offer.
Q: How are you different from a real estate agent?
A: Real estate agents list properties on the MLS. Then they market the properties by taking pictures and videos in hopes a buyer will be interested. This is of course if you find a good agents. When the house gets sold, they will collect a 6% commission fee you will have to pay. (If it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Besides you having to pay that amount, this commission inherently comes with more drawbacks for you, the seller. Many agents do not bother marketing your property to their full extent especially if they have other higher valued houses they are also listing. The more expensive a house, the more commission they will get. And thus often agents put more time and effort into a house that can give a higher value on the market (so that they get a higher commission). This is why it is so difficult to find a good agent that will do all it takes to sell your house even if they have other higher valued houses in their listings. Think about it. If an agent gets 2 listings. One is a $100,000 house and one is a 1M dollar house. For the first house their commission would be $6K, for the second house, their commission would be $60K. Where do you think the agent would spend most of their time?
Selling to us, you bypass all this. We simply make you an all cash fair offer and if you accept your offer your property is as good as sold. Thats it. We pay closing costs, and there are no repairs or commissions to pay for.
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for 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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Please find an even more versatile list of Frequently Asked Questions Answered We Buy Houses In Connecticut.
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Get the FREE Guide and then give us a call at (203) 529-4712 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.