Are we a better fit for you than a realtor?
You are the one who decides that. If you’re like most people, selling a house might be unfamiliar territory, even to the point where they put it off out of fear or lack of knowledge. You might have heard stories of people getting taken advantage of or maybe they’ve had a bad experience before selling a different house. Maybe their realtor didn’t do enough and their house sat for a while. But we’re different. Ask people you know for a referral, or we can refer you to ours. But the main difference between us and a realtor (besides the license) is…. they charge you to sell your house and we just buy it. We pay you top dollar for your house.
So, let’s dive in to what’s best for you!
Now, a realtor is an individual with who took a course and passed an exam to obtain a license to be allowed to say that they are a realtor. Realtors are readily available to sign on and list your property for sale on the open market. The visibility of the MLS for every RE Agent, Investor and House Hunting First-Time Home Buyer to see, thus driving more competitive offers resulting in a better sale price for the seller – which is great! But what sucks is, then the realtor gets their 3-8% (depending on your state) before you get your money.
We Are Not Realtors. We Are Investors.
For every house we buy, a contract is signed and sent to a local Real Estate Attorney so they can start working on making sure nothing will prevent transfer of title/deed for that home or property. Our ability to close fast is really only effected if it turns out that there is something effecting title transfer, such as liens from your HOA or county, or being behind on payments for your mortgage. If there are no issues, we can generally close within 10 – 15 days.
If paying someone else thousands of dollars of your proceeds to unlock your door and show your house for you is what you’re comfortable with, by all means, call a realtor. We work with realtors often enough to know that some are more attentive or motivated to help than others. Actually, we have a realtor on our team whom we work with very closely. SHE’S A GO-GETTER! But, not all are as driven to help you sell your home. So make it a point to find a realtor that really gets after it and is actively showing your home and following up with buyers agents. As investors, buying houses is how we make our money to support our families. We’re not Bill Gates and Elon Musk over here, though. So, unfortunately, our cash offers have to really make sense for us as a business. Therefore, they are lower offers – not lower than our competitors – but lower than other strategies we buy houses with. Paying realtors, closing costs, associated admin and filing fees, taxes – It adds up to us being forced to give you less. Because we have to reserve typically 10% or a home’s price for all these costs, that means that’s 10% less we can offer you, before the paperwork is even done to buy it.
With other strategies, like creative finance, we can eliminate most of those costs and give sellers that money to the seller instead – like it should be. If we remove the banks from the picture, the 20% down we don’t have to pay them. No realtor involvement means another 6% saved that we can pay you for your home – depending on condition of course.
In fact, most people selling their house still have a mortgage on the house. Conventionally selling your house takes care of that because the banks are payed to talk to each other and coordinate the transaction. But again, they require money to do that. We have other ways. Instead of going to the banks and paying them to let us take out a loan to replace your existing loan (probably with a lower interest rate), we may simply take over your existing loan. That way, we can give you a higher price for your home, instead of syphoning off thousands for the banks fees and underwriters. My partner and I underwrite it ourselves and present you with a better offer that is in fact more beneficial to you than selling conventionally.
Here’s a video of a house I went to look at. It had been sitting for over a year with an incomplete roof on one side of the house! Watch the video and you’ll see me turn around at a certain point because I could see the mold got way worse down the hallway. That level of damage to the house will of course be costly to repair – about $50,000!