Frequently Asked Questions
Perhaps you might have a few questions. Most individuals will have a few. Below is a concise compilation of common inquiries people pose to us and our responses. If you still have a question, please feel free to reach out to us at any time. We’re here to assist and provide you with the information you seek.
Q: Will my home be listed on the MLS, or are you considering purchasing it?
A: Excellent inquiry! We don’t operate as real estate agents, and we do not place properties on the market. Our expertise lies in being professional property buyers. We acquire properties in Memphis that align with our specific criteria for purchase. Following the acquisition, we might undertake any necessary repairs and resell the property to another homeowner or, alternatively, maintain it as a rental property.
Q: Are the prices you offer for properties equitable for me?
A: Most of the properties we acquire are priced below market value. We pursue this strategy to enable profitable resale to another homeowner. We aim to secure a reasonable discount on a property. Our extensive experience has shown that many sellers aren’t necessarily anticipating a substantial windfall from their property. Instead, they appreciate the benefits of a quick and hassle-free transaction. We can provide a speedy closure without the wait for financing, eliminate the need for property repairs or agent fees, and present the option of a full, no need for finance payment. If this aligns with your preferences and you value expeditious property sales, let’s explore the possibility of a mutually beneficial pricing arrangement. Remember, our no-obligation pricing commitment ensures you’re not bound to accept our offer, but it’s valuable to understand the terms we propose.
Q: What is your company’s method to establish the offering price for my property?
A: That’s an excellent question; we’re completely transparent about our approach. Our process is uncomplicated. We assess the property’s location, necessary repairs, its current state, and the prices of recently sold comparable properties in the vicinity. After carefully considering all these factors, we determine a fair price for our interests and yours.
Q: Do you impose any fees or commissions for collaborating with you?
A: This is what sets us apart from the conventional property selling process: no additional charges or commissions are involved when you opt to sell your property directly to us. We will present an offer, and if it aligns with your expectations, we’ll proceed to purchase your property without any complications or associated fees. In many cases, we also cover the closing costs. Our profit is realized after we handle any necessary property repairs and achieve a successful resale. We assume the risks associated with selling the property profitably. Upon purchasing your property, the responsibilities become ours, and you can part ways without the burden of property-related expenses with money in your hand.
Q: How are you different than the normal or traditional real estate agent?
A: Real estate agents typically list properties, expecting to find a potential buyer. They arrange property viewings for interested parties (and, currently, the average time for a property sale in many markets can span 6-12 months). If a buyer is secured, the agent typically receives a percentage of the final sale price as their commission. Often, this commission ranges from 3 to 6% of the property’s sale price. For instance, on a property valued at $100,000, you’d pay commissions from $3,000 to $6,000 to the agent.
Real estate agents offer valuable services for those willing to wait 6 to 12 months and share part of the sale price as commissions. However, our approach is distinct. We’re not agents; we’re direct home buyers. Our company purchases properties directly from you, allowing us to make swift decisions, often within a couple of days or even the same day, as we buy with our own funds. Our business model involves taking on the risk, investing in property repairs, and personally handling the marketing to find suitable buyers.
Q: Am I under any commitment when I provide my information?
A: You are under no obligation whatsoever. After you share some details about your property, we’ll assess the information, arrange a call to gather additional insights and present you with a fair offer in its entirety. The decision of whether or not to proceed with selling your property to us is entirely in your hands. We respect your choice and want you to make the decision that suits you best.