Selling a house can raise a lot of important questions, especially when you are selling a house that needs updates or repairs, so we want to take some time to answer some of the important questions we get asked the most.
Q) Are you a real estate agent?
A) We are a group of real estate investors, not real estate agents.
Q) What’s the difference between an agent and an investor?
A) A real estate agent is someone who tries to sell another persons house. Sometimes they can, sometimes they can’t. They have no “skin in the game” so to say. If they are successful they make money, if they aren’t they just try again. As investors we are looking to buy your house. We are the buyer, so when we say it’s done, it’s done. We put up our money to buy houses from people just like you, and then we take all the risk that comes along with it.
Q) How do I know if I need an agent or an investor?
A) One thing that separates us from other investors is that we regularly refer our clients to agents. Don’t get us wrong, we want to buy your house, but sometimes that’s not in our clients best interest. It depends on your needs and the house itself. If a house needs a lot of repairs and updates then it’s often hard to sell because there’s a limited amount of lending options for people that may want to buy it. As investors we pay cash, from our own funds, so we don’t have to worry about lending qualifications which can make it much easier and save a lot of time. When in doubt, have us come take a look and see what we think, we know some of the best agents in the business and would be happy to put you in touch if needed.
Q) Are all agents the same?
A) Like any profession, there are some agents that really go above and beyond. They are superstars and we love working with them. If we have a client that needs an agent we get them in touch with a super star because we want you to have nothing but the best.
Q) Are all investors the same?
A) There are some truly great investors out there; but the sad truth is that the majority of people claiming to be real estate investors have very limited real world experience, if any, and more often than not they don’t actually have the money to buy a house. We strive to go above and beyond for each and every client we have, and even though we like to think we are the best we really want you to be the judge of that, just like all of our other satisfied clients.
Q) Wait…what do you mean most “investors” don’t have money?
A) In every major city you will find a handful of professional investors. Companies with the actual resources to pay cash for a house and that actually have real world experience. These real investors are far and few between. Then you will find a lot of people who claim to be “investors” because they read a book or went to a seminar. Typically they tell you they can buy your house but then they have to turn around and call someone that actually has the money and try and sell the house to them before they buy it from you. We’ll be covering this in more depth in the near future.
Q) Why do we have to have a signed agreement?
A) The big reason is so that we are all on the same page and know exactly what we are agreeing to. We keep it down to one page to make it as simple as possible. The more important reason is that our legal team has told us that in contract law we need to have a written agreement on any transaction that takes more than a year to complete or on any transaction of significant value, which is why most houses require a written agreement.
Q) What is title work?
A) Legalities surrounding home ownership are complex and there’s usually large amounts of money involved. Title work is the process where a title attorney looks through something called an abstract, a large collection of legal documents related to a property, and then compares this information with information from other sources to determine who legally has the authority to sign over ownership of a property. Title work is often very misunderstood, we will be examining this closer in a future blog post.
Q) How do you determine what you will pay for my house?
A) Determining what we can pay for a house is more of an art than a science and requires years of experience. We have to consider the location, school system, general economy, condition of the house, investment strategy, risk management and a multitude of other factors.
Q) How do I get started selling my house fast?
A) Simply fill out our Sell My House Fast Contact Form.
We hope this answers some of the most important questions you may have but be sure and check back soon, we are going to be updating our FAQ with lots of great information from our upcoming blog segments!