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Frequently Asked Questions
It’s natural to have a few questions. Below, you’ll find a compilation of commonly asked questions and our responses. Should you have any further inquiries, please feel free to contact us at any time. We are always happy to assist you.
Q: Will you be listing my house on the MLS or actually buying it?
A: At Cash Offer Heroes, we are professional home buyers, not real estate agents, and we do not list houses. We buy properties that meet our criteria and we do not rely on bank financing, ensuring a smooth and reliable closing process.
Q: How are you different from a real estate agent?
A: Real estate agents list properties with the aim of finding potential buyers. They show the properties to interested parties. If a buyer is found, the agent receives a commission when the sale closes, which is usually between 3% and 6% of the sale price. For instance, for a $100,000 house, the commission could be up to $6,000.
Real estate agents provide valuable services for those who can wait 6 months to sell and are comfortable with parting with a portion of the sale price to cover commissions. However, our approach is different. We are home buyers, not agents. Our company purchases houses directly from sellers. By paying in cash, we can make a decision to buy your house within a few days, sometimes even on the same day. We assume the risk by using our own funds to buy the property, handle any necessary repairs, and market it ourselves to find a buyer.
Take a look at this chart for a more detailed explanation:
| Selling w/ An Agent | SOLD To Cash Offer Heroes | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you | None |
| Who Pays Closing Costs? | 2% on average is paid by the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can even fall because of this. | No needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No |
| Average Days Until Sold: | +/- 120 Days | We provide immediate cash offers. |
| Number of Showings: | As Much As Needed | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | It can be in as little as 7 days. |
| Who Pays For Repairs? | Generally, the seller covers this | We pay for all repairs. |
Q: Do you pay fair prices for properties?
A: Many of the properties we purchase are below market value. We aim to offer a fair discount on properties if they have some needs. From our experience, many sellers do not expect a substantial “windfall” but rather appreciate our ability to offer cash, close quickly (without the need for financing), and save them the time, effort, and expense of fixing up the property or paying agent fees. If these benefits align with your needs and you value a fast sale, let’s discuss a mutually beneficial price. Our no-obligation pricing commitment ensures you are not required to proceed with our offer, but it’s advantageous to know what we can offer.
Q: How do you determine the price to offer on my house?
A: That’s a good question. Our process is very simple. We consider several factors: the location of the property, the necessary repairs, the current condition, and the value of comparable houses recently sold in the area. By evaluating these aspects, we arrive at a fair price that is mutually beneficial.
Q: Are there any fees or commissions to work with you?
A: What sets us apart from the traditional method of selling your house is that there are No Fees or Commissions when you sell directly to us, unlike listing fees, which can take up to 6% of the sale price. We will make you an offer, and if it’s agreeable, we will buy your house without any hassle. Sometimes, we even cover the closing costs. Our profit would come after we pay for repairs and sell the house, assuming the risk of whether we can sell it for a profit or not. When you sell your house to us, we take the responsibility, and you walk away with cash in your pocket.
Q: Is there any obligation when I submit my information?
A: There is no obligation on your part. After you provide us with some details about your property, we will review the information, possibly arrange a call to learn more, and present you with a fair all-cash offer. From there, the decision to sell your house to us is entirely yours. We trust you to make the choice that is best for you.
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