Frequently Asked Questions:
Getting a Fair Price
Maybe you have a few questions. That’s good. 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: Great question. We are professional home buyers: We buy houses Fairfax that meet our purchasing criteria. From there we may repair the house and resell it to another home owner, sell it to a rehabber, or keep it as a rental ourselves.
Q: Will you pay a fair price for my property?
A: Yes, we will. Honestly, though, the price we’ll offer you will be lower than an agent would list your house for on the MLS. But our definition of “fair price” isn’t “the highest sticker price.” Our definition of a fair price–and we’ve found that many sellers agree–is a reasonable price that will put nearly the same amount of money into your pocket after the sale, with the additional benefits we offer more than making up the difference.
For example, we don’t charge a commission, which might run 5%-7% of the sales price. We don’t charge a “transaction fee” that could run $500 or more. We don’t hit you with other transaction costs. We’re not going to ask you to help pay closing costs. We’re not going to try to negotiate the price downward through the transaction.
But the real key is that we save you time and money. We buy quickly, and that can save you 3, 4, or more months of utilities, maintenance, maybe even mortgage or HELOC payments. We’re not going to ask you to make repairs or fix the house up. We’re not going to ask for new carpets or appliances. We offer a fair price, taking condition and speed of sale into consideration.
Besides, our no-obligation fair price policy means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
[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 start the same way real estate agents do: by looking a the “comps“–properties comparable to yours that recently have sold. That includes the location, the size (number of bedrooms and baths, square footage), and age. It may also include the style of home, lot size, and more. Then we look at what repairs are needed, what upgrades buyers will want, and what modifications would work. (Enlarging the kitchen is a big one). We consider how much your house might sell for after the fix-ups, and what it how to price it to sell quickly. We put all these factors together to come up with the best number we can for you.
Q: Are there any fees or commissions to work with you?
A: No. This is where we stand out from the traditional way of selling houses: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll pay the closing costs too!). No hassle. No fees.
So if we don’t charge a commission, how do we make money? We make our money when we sell your old house. Once we buy the house from you, the responsibility is ours. You walk away without the burden of the property and its payments… and 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. First, you’d sign a listing agreement with the agent, agreeing to pay a commission to the agent if your house sells. The agent markets the property (a listing on the MLS, a sign in the front yard, sometimes postcard mailings to neighbors or newspaper ads, etc.). makes sure that the house can be shown (usually with a lock box), and assists you if you receive any offers.
We’re different. We’re buyers. We actually make an offer on your house. You don’t pay us a commission. We also pay all closing costs. And we do it quickly–generally in a few weeks. With an agent, your house might be listed for months. It might never sell.
Agents provide a good service for sellers who are willing to wait months to sell and who are willing to pay the commission plus, possibly part of the buyer’s closing costs. In fact, agents handle the majority of all property sales. But if you’re in a hurry or want to eliminate the hassles and uncertainty and still receive a fair price, then we offer some distinct advantages.
Q: Is there any obligation when I submit my info?
A: No. You have absolutely zero obligation. 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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Professional Home Buyer– FREE Guide:
Download our FREE Guide here. Or, you can always contact us any time if you have questions, want a no hassle situation evaluation, or want to just learn more about how we can help homeowners sell unwanted properties for cash.
Get the FREE Guide and then give us a call at 703-239-4212 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.