Frequently Asked Questions
Have a few questions? Most people do. So here’s a quick collection of some common questions… with our answers. If you still have a question, feel free to contact us (or give us a call).
Q: Will you be listing my house on MLS or buying it?
A: Good question. We’re not agents, and we don’t list houses. We are professional home buyers: Sell Austin House that meet our purchasing criteria. From there we may rehab the house and resell it to another owner or keep it as a rental property for ourselves.
Q: Do you pay fair prices for properties?
A: We usually purchase at below market value so we can add value and resell it to another home owner. However, we have multiple approaches if you have little equity… so we can negotiate amount with a lender. We are always trying our best to make it win-win for seller and for ourselves. We bring a great combination of speed, convenience and hassle-free approach… we can close very quickly, and flexible on terms. Let’s talk and see if we can come up with best solution for you.
Q: How do you calculate the offer price on my house?
A: Great question, and we’re an open book: Our process is straightforward. We look at the location of the house, what repairs are needed, the current condition of the property, and values of similar houses (comparables) sold in the area recently. We take all pieces of information into consideration… and come up with a fair price that works for both of us.
[DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself. Head on over here download your free guide <<]
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).
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: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for 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.