What Do I Need to Know About the Homebuying Process
Here’s a quick collection of some of the questions people ask us about the home buying process, along with our answers. If you still have a question, don’t hesitate to contact Metroplex Homebuyers and we’ll be happy to answer it for you.
Frequently Asked Questions About Selling to a Homebuyer
Q: What types of houses do you buy?
A: We buy single-family houses, duplexes, triplexes, quadruplexes, small apartments complexes or basically any type of house without wheels on it!
Q: Does the condition of my house matter?
A: We buy houses in ANY condition, whether it’s “ugly” or otherwise. At Metroplex Homebuyers we’ve seen and dealt with it all! Fire damage, floods, termites, wrecked foundations, animal infestations or hoarder houses just to name a few.
Q: What if my house is currently rented?
A: Yes, we do buy houses with tenants living in them. We strive to minimize inconveniences for all the parties involved, both property owners and tenants.
Q: What is the process and how long does it take?
A: At Metroplex Homebuyers we pride ourselves on making the sale of your house fast and simple.
When using a realtor you can expect to spend time listing the property, weeks or months of showings, and back and forth negotiations just to get your property under contract.
From there you can expect to spend additional time waiting on banks, appraisers, inspectors and insurers to approve the sale, which typically takes an additional 45 or 60 days. And this doesn’t include any of the time, expense and headache spent making any required repairs to meet bank approvals. If that sounds like a lot, you’re right!
When Metroplex Homebuyers purchases your house we eliminate all of that. We work with your schedule to evaluate your house at your convenience. A typical property evaluation takes between 15 to 30 minutes. After evaluating your property we are typically able to provide you with our fair offer in as little as 1 day, if not on the spot.
If the offer works for you, we have a dedicated title company that works diligently to provide for the quick and hassle-free closing. Because we are cash buyers, and not dependent on 3rd parties, we can close within days of receiving clear title.
Q: Are you going to make me a fair offer?
A: Metroplex Homebuyers believes in working together to create situations where everyone wins. If it doesn’t work for you, then it doesn’t work for us. We don’t believe in using high pressure negotiating techniques and we never criticize a house for being in less than tip-top shape. We believe in providing full transparency in our offer by showing you what other comparable houses in the neighborhood are selling for. And even if you chose not to sell to us we will gladly share with you our estimates for repairing your property or help point you in the right direction to get your property sold.
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 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 to 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.
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