FAQ

Frequently Asked Questions

Frequently Asked Questions

Selling your house for cash may be entirely new to you, and you probably have a lot of questions. The good news is that we’ve worked with countless homeowners in your exact situation and learned the most common questions that arise. We’ve consolidated them all here, along with our answers.

We hope this educates you on how we operate. But if there is something else you’re curious about that we haven’t answered here, feel free to contact us or give us a call, and we’d be happy to discuss it with you. We’re here to help!

How long will it be until I get an offer?

We strive to get an offer to you as quickly as possible. But at the same time, we want to make an offer based on your property’s current condition and your situation. Because of that, we typically don’t make an offer until we’ve had a chance to meet with you and view the house. And trust us – it’s better this way! That way, we can give you a confident offer based on reality.

Here’s how our typical process works. We’ll first have a phone conversation with you to see if we will be a good fit for each other. Then, we’ll set an appointment whenever you’re free to meet with you at the house. After that, we’ll put an offer together for you. We typically have your offer ready within hours of meeting with you or at least by the following day.

How long will it be until closing?

Since we’re not buying your house to live in, we can work on your timeline. Need a few months to get moved to your new place? We can handle that! On the flip side, if you need to close very quickly for some reason, you’ve come to the right place! We have the means to close in 7-10 days if need be.

Will I have to make repairs?

This is one of the biggest benefits of working with us. We will never ask you to make repairs when you sell your house to us. Compare that to a retail buyer that knit-picks every detail of your home and comes to you with a long list of repairs.

Depending on the age and condition of the home, we might hire a home inspector for due diligence. However, this is only for our reference so that we know what we need to repair. You can be confident that you will not have to make a single repair when working with us.

What will I have to do?

Absolutely nothing! Instead of having to pander to prospective buyers, you get to relax and wait for closing day. If you’re living in the property, you will need to coordinate moving your belongings, but we can even help you with that if you’d like!

On top of that, we will handle all the paperwork and coordination to get to the closing table. We have a great team, including a fantastic title company, that will make the sales process extremely smooth for you. When we say we’re a full-service real estate company, we mean it!

What are the benefits of a cash offer?

The primary benefits of a cash offer on your house are convenience and simplicity. Transactions are way more complicated when a lender is involved because they often have special requirements that must be met. Not to mention that lenders may not approve a loan on properties that need significant repairs. A cash offer cuts out all of these requirements and gets you what you need, money in your pocket in the shortest time possible.

The definition of a cash offer is an offer with no financing contingency. Nearly all traditional offers involving a lender include a contingency based on the buyer’s ability to obtain financing. If they can’t qualify, they are allowed to back out of the deal and receive their earnest money back. This happens quite a bit with retail buyers. But that is another thing you don’t have to worry about when working with a cash buyer.

Do you pay a fair price for houses?

We understand that if we don’t make realistic offers, we’ll never be able to buy houses. Therefore, we do everything we can to give you an offer that works for you. We work hard to control renovation expenses and keep our rehab budget low so that we can pass some of those savings on to you.

Ultimately, we base our offers on the finished value of the property and how much it will cost to renovate it. If you’d like, we can share with you how we calculate your offer. And remember, you have no obligation to accept it! Even if we end up not being your buyer, we will share as much information with you as we can to educate you and help you pick the best path for your situation.

How much will you pay for my house?

How We Determine The Price To Offer

1. We Determine The Market Value Of Your Home In UT

It all starts with a CMA (Comparable Market Analysis). We look at all the houses that have recently been sold within a 1-mile radius of your house, that are very similar (comparable) to your house (same square footage, number of bed/baths, etc.).

We then look at their sold price. This gives us a very accurate market value of your house if your house is in the exact same condition as these other houses that have been sold.

2. We Determine The Cost Of Repairs

The cost of repairs is the cost associated with bringing your house to a very similar condition as all the other houses in your area that are similar to yours that have recently sold. During the walkthrough, we note what needs to be repaired and we do this with the help of our trusted contractors. In an effort to keep the costs down, we only repair what we really need to repair.

Keeping the costs down ensures the highest offer we can present to you.

3. We Make You An Offer

Based on our findings which we share with you, we present you with our offer. To keep things transparent, we explain in full detail how we come up with the offer and show you the repairs and the CMA of your market. There is absolutely no obligation to accept our offer. You can either accept the offer or decline it.

If you choose to accept the offer, we will then discuss a closing date, where you will receive your cash and be completely done with the house. Congratulations, you just sold your house without any hassles, fees, or commissions.

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