Questions About the Home Buying Process
We know that selling a house for cash to a company like ours is a big decision. The questions below are common things we get asked about the process and Sisters Who Buy Houses.
We’re Louisville-based real estate investors who most often buy houses to fix and flip, or rehab to rent. When you sell to Sisters Who Buy Houses you convert your property to cash quickly and easily (Check out our many happy clients at closing)! As a full-service company, and because one of the Sisters is a licensed agent, we do occasionally list homes when it’s the best option for the seller.
We are not a charity. Understandably, this means that there has to be margin in the deal for it to make sense. We strive to make the process of selling your home as painless, fast and stress-free as possible. We buy ‘as-is’ with creative options and the speed of cash and close fast! If you’re facing foreclosure, we understand that you may not have any equity left against the loan. In most cases we can negotiate with the lender for a discount to get the deal done.
There are several things we consider when determining the price of a house:
- Your Needs
- Condition of the Property
- Rehab, Holding & Resale Costs
We look at the location of the house and how it compares to similar homes recently sold in the area. We also calculate rehab needed to get it ready to rent or re-sell. After a thorough examination of all the factors, we come up with a fair price that works for all parties involved.
There are no fees or commissions when you work with Sisters Who Buy Houses. If you accept our offer, we’ll buy your house. In most cases we even pay for the closing costs! There are no fees and no hassles. We market your house, sell it, and make a profit. Because we take the risks, you don’t have to worry about anything.
Working with a real estate agent typically means they will list your property while you hope that someone else will buy it. This process often takes 6-12 months and the real estate agent gets a commission up to 6% of the sale price. For example, if your house sold for $100,000, you’d end up paying $3,000-$6,000 to your real estate agent.
The problem with this approach is that you might not be able to afford to wait 3 to 6 months for your house to sell and the commissions might leave you with very little after paying off the mortgage. Our company is different because we actually buy your house, for cash. We’re real estate investors: That means you get cash for your house right away so you can stop worrying and waiting.
There’s no obligation. After we know a little about your property, we’ll review the details, call you, and make you an all-cash offer. It’s 100% your decision what you end up doing. We provide you with the information to decide what is best for you and your situation.
In most cases, we will pay all the closing costs. Submit your property through our webform to see if you qualify for no closing costs!
Yes! If we buy your house, that immediately stops foreclosure. As professional real estate investors, we’re very familiar with the foreclosure process. We can help you by discussing what your different options are at absolutely no cost. If we end up not buying your house for some reason, we can still refer you to a foreclosure prevention specialist.
Unfortunately, a foreclosure stays on your credit report for a minimum of 7 years. And, it will continue to negatively impact your credit for years after that. You should act immediately to prevent your house from being foreclosed on.
Absolutely! Most of the homes we purchase need costly repairs. We buy your home “as is,” which helps you avoid the high costs and headaches of rehabbing a home. Imagine closing in a few weeks, rather than spending months rehabbing your house and praying you make a profit.
