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 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.
Q: Will you be listing my house on the MLS or actually buying it?
A: Excellent question. We’re not realtors or real estate agents, and we don’t list houses. We are professional home buyers: We buy houses Charlotte that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner, sell it to another investor within our huge network, or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase (but not all, we buy pretty houses too) are in need of substantial repairs, and therefore sell below market value (we do this so we can resell it at a profit to another homeowner). 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 appreciate the advantages of a cash offer and very quick closing (no waiting for us to get financing), and many homeowners love the advantages of not having the expense and bother of hiring and paying contractors to fix up the property, or paying an agent to sell it. 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!)
Also, if you can be flexible with the terms of sale, we can often net you the same amount of money, or more, than if you listed, marketed, sold, and closed with a Realtor.
[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. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
A: This is where we distinguish ourselves from the traditional method of selling your house: There are NO fees or commissions when we buy your house. We’ll make you an offer, and if it’s a fit then 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 to have the necessary repairs done to the house (if any) and sell it for a profit (we’re taking the risks 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 its payments… and often with cash in your hand).
Q: How are you different from a real estate agent?
A: Real estate agents put properties into the MLS and cross their fingers, hoping 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 $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 to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. 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 of 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: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll so some research, maybe set up time to speak 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 choice as to 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.
Q: Why not just sell my house to a traditional buyer getting a bank loan?
A: That may very well be an option for you, if you have the 2-4 months, or sometimes even longer, that it takes for a traditional mortgage company to approve someone for alone. And, having sold a good number of houses ourselves, we know what it feels like to take a house off of the market for months and months, only to find out that our supposed “buyer” could not close because they went out and maxed a credit card or bought a new car, changing their credit score. Sometimes, mortgage company approval requirements and minimum standards can change right in the middle of the loan process! These are the current minimum mortgage requirements, but keep in mind- they can change daily! Here is HUD’s guide for buying a home. At Property Solutions, we use private funds and close with cash- you do not have to worry about a bank saying we cannot buy your house!
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Get the FREE Guide and then give us a call at (704) 625-0260 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.