Frequently Asked Questions
Maybe you have a few questions. That’s okay; 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: We are actual local cash buyers. We buy houses in the Philly that meet certain criteria. We personally hold rental portfolios, work with other investors, as well as first-time home buyers.
Q: Do you pay fair prices for properties?
A: Yes. Our philosophy is rooted in creating mutually beneficial transactions to better our communities. Our offers are based upon comparable sales of properties in like condition.
Q: How do you determine the price to offer on my house?
A: We analyze the location, condition of the property, and comparable sales. Have you received offers from “We buy houses” companies that didn’t make sense? Give us a call and let us show you how we’re a cut above the rest.
Q: Are there any fees or commissions to work with you?
A: No. When we make you an offer we cover all of the closing costs, doc fees, and even the title companies cut. (This will all be covered in your Purchase & Sale Agreement.)
Q: How are you different from a real estate agent?
A: 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 take 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).
Q: Is there any obligation when I submit my info?
A: None. We want to educate you on your options. The end decision lies completely on you, your family, and your time frame.
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