Frequently Asked Questions
Perhaps you have a few questions. That’s okay, most people do! Here’s a brief rundown of some of the questions we get… as well as our responses. If you have any more questions, please do not hesitate to contact us. (or give us a call) and we will be pleased to answer them for you.
Will you be listing my house on the MLS or actually buying it?
That’s a fantastic question. We’re not real estate agents; we don’t list properties on the market. We’re professional house buyers: We buy houses in Tennessee that meet our purchasing criteria. Then we may either repair the house and rent it to a new family or keep it as a rental for ourselves.
Where are you buying houses?
All of the areas we buy houses are located on our locations page.
Are there any fees or commissions to work with you?
This is what sets us apart from the standard sales approach: There are NO costs or commissions when you sell your property to us. We’ll make you an offer, and if it’s a good fit, we’ll buy your house (and we frequently pay for the closing expenses as well!). There are no fees or hassles. We make money after we’ve paid for repairs on the property (if any) and sold it for a profit (we’re taking the risks here, whether we can sell it for a profit or not… once we acquire the property from you, the responsibility is ours and you walk away without the burden of ownership).
How are you different from a real estate agent?
Real estate agents list properties and hope 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 takes 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).
Is there any obligation when I submit my info?
There is no commitment on your part. We’ll take a look at it, perhaps set up a call with you to find out more, and make you an all-cash offer that’s fair to both of 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.
How do you come up with a purchase price for my home?
We’re here to help! We’re an open book with regard to our method. You may ask us anything at any time, and we’ll be delighted to respond. We consider the property’s location, required repairs, current state, and previous sales of comparable homes in the area. We take various elements into account…and arrive at a fair price that is beneficial to both parties.
Do you pay a reasonable price for houses?
Many of the houses we purchase are below market value (we do this so we can resell them at a profit to another homeowner). We are looking to get a fair price on a home. However, in our experience, many sellers aren’t expecting to get a large “windfall” from the property; rather, they appreciate that we can pay in cash and that we close fast (no waiting for financing). 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!)