Frequently Asked Questions
Have a few questions? Most people do. So, here’s a quick collection of some of the common questions we get… with our answers next to them. If you still have a question don’t hesitate to shoot us an email through our contact page (or give us a call).
FAQ’S “We Buy Houses” people
What makes you different than the other “We Buy Houses” people?
- We have REAL testimonials from REAL sellers like yourself. The people we’ve bought properties from or helped out love us so much they’re even willing to let you call them and explain how awesome we are. We’ll guarantee you won’t find a similar offer out there.
- We’re not some fly by night company or part-time investors. We’ve been investing full-time since 2011 and we’ve been involved in real estate since 2008.
- We’re local.
- We’re accessible at all times. We won’t avoid your calls. If you have questions we’re here to answer them as best we can.
- We’re upfront and to the point. We won’t bs you about our intentions or our price. We don’t like the shady used car salesman type either so we promise we won’t act like the other “We Buy Houses” guys.
Q: Are you actually listing my house on the MLS or buying it?
A: Great question. We’re not agents, and we don’t list houses. We buy houses in Cincinnati that fit our buying criteria. From there we may repair the house and resell it to another home owner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: We have to purchase a house below market value so we can resell it at a profit to another home owner. However, if you’re in foreclosure you likely don’t have equity… so we can often negotiate with the lender for a discount on the property. In the end, we have to get a fair discount on a property so we have room to make a profit when we resell it. But, we bring to the table a fast, no hassle, all-cash offer… we can close quickly, are very flexible on terms of the sale, and will buy your house in any condition. If thats what you’re looking for and you see the value in getting your house sold fast… lets talk and see if we can come to a fair win-win price.
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Q: How do you determine the price to offer on my house?
A: Great question and we’re an open book… so I’m glad you asked. Our process is rather simple. A number of factors are taken into consideration when determining a cash offer. After visiting your home our representative will evaluate:
- The existing condition of your home
- The cost of repairs needed to resell your home
- The time it will take make the repairs
- Our Realtor will do a comparative market analysis to determine the value of your home compared to other homes in the area.
- The costs associated with maintaining your home during repairs, including taxes, payments, insurance, utilities, homeowner dues, and more
Q: Are there any fees or commissions to work with you?
A: There are NO fees or commissions to work with us. We’ll make you an offer, and if its a fit… we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) to fix it up so it’s nice and pretty… market the house, and sell it for a profit (we’re taking all of the risk here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and it’s payments… and oftentimes 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 average time to sell a property in many markets right now is 6-12 months. As you know, you pay a commission as a % of the sales price when you work with a real estate agent. Often times it’s 3-6% of the sales price (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months in many cases to sell and who have room to pay the commission on the sale. Our company actually buys houses. We don’t list houses. 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: No obligation at all. 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 thats 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 decide what’s right for you.
Q. It’s going to take me a few weeks to clean the property up before I show it to potential buyers, do you mind if I give you a call back in a few weeks when we’re ready?
A: Sure, it’s your house so feel free to do what you want. Please understand, we’re not worried about the condition of the property so don’t feel embarrassed or delay contacting us because the home is not cleaned or in good condition. We understand and we’re okay with walking through a messy home. We tell sellers like yourself to leave the mess behind– we’ll clean it up after we buy your house. We promise.
We work with local charities who are glad to take the donations and we don’t mind breaking our backs cleaning so you don’t have to. It’s what we do. Plus, with mortgage payments, bills, taxes, etc you could end up costing yourself valuable time and more money without even realizing.
Also, unless your experience pro, fixing the place will prove to be a nightmare and won’t get you more money if you don’t have an order of operations and a firm grasp on what sells in the real estate market today. Some things are worth fixing and some are not. At worst, we can give you suggestions on what to do to get the most cash for your home in Cincinnati and the surrounding areas.
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5 Ways To Stop or Avoid Foreclosure In Today’s Market – FREE Guide:
Need more information on the foreclosure process and How To Stop Foreclosure? Download our FREE Stop Foreclosure Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners avoid foreclosure or sell unwanted properties for cash.