Frequently Asked Questions REI Branded Home Buyer
Maybe you have a few questions. It is perfectly normal; many individuals experience the same. Below is a brief compilation of frequently asked questions we receive, accompanied by our responses. Should you have any further inquiries, please feel free to reach out to us at any time. We would be delighted to assist you.
Q: Will you be listing my property on the MLS, or will you be purchasing it directly?
A: Thank you for your inquiry. We are not real estate agents and do not engage in listing properties. Instead, we specialize in purchasing homes directly, offering quick cash transactions. Following the acquisition, we may either renovate the property for resale to another homeowner or retain it as a rental investment.
Q: Do you offer fair prices for real estate?
A: Numerous properties that we acquire are priced below their market value. This strategy enables us to resell them at a profit to prospective homeowners. Our objective is to secure a reasonable discount on the property. Based on our experience, many sellers do not anticipate a significant financial gain from the sale. Rather, they value our ability to provide cash offers, facilitate rapid closings without the delays associated with financing, and eliminate the need for them to invest time, effort, or money in repairs or agent commissions. If you are interested in selling your house quickly and recognize the benefits of doing so, we can explore the possibility of reaching a mutually beneficial price. Our commitment to providing no-obligation pricing ensures that you are not required to accept our offer, but it is advantageous to understand what we are proposing.
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 versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: What criteria do you use to establish the price to propose for my property?
A: Thank you for your inquiry; we are pleased to provide clarity on our process. It is quite simple and transparent. We assess the property’s location, identify necessary repairs, evaluate its current condition, and analyze the recent sale prices of comparable homes in the vicinity. By considering all these factors, we determine a fair price that is mutually beneficial for both parties involved.
Q: Are there any charges or commissions associated with collaborating with you?
A:Our approach distinguishes itself from conventional home-selling methods by eliminating all fees and commissions when you sell your property directly to us. We will present you with an offer, and if it aligns with your needs, we will proceed to purchase your home without any complications or costs. Additionally, we frequently cover the closing expenses. Our profit is generated after we invest in necessary repairs and subsequently sell the property. We assume the risk associated with the potential resale value. Once the transaction is complete, the responsibility for the property transfers to us, allowing you to leave without the financial obligations tied to the property, while also receiving cash in hand.
Q: How do you distinguish yourself from a real estate agent?
A:Real estate agents are responsible for listing properties with the expectation of attracting potential buyers. They present these properties to interested parties, although the average duration for selling a property in numerous markets currently ranges from 6 to 12 months. Upon successfully securing a buyer, the agent receives a commission based on a percentage of the sale price. Typically, this commission falls between 3% and 6% of the property’s sale price. For instance, if the property is valued at $100,000, the commission paid to the agent would amount to between $3,000 and $6,000.
Real estate agents offer valuable services for individuals willing to wait between six to twelve months to sell their properties, accepting a reduction in sale price to cover commission fees. However, our approach differs significantly. We are not agents; we are direct home buyers. Our company purchases homes directly from sellers. By utilizing cash for our transactions, we can often reach a decision to buy your property within a few days, and in some cases, even on the same day. Our business model involves assuming the risk of purchasing homes with our own funds, undertaking necessary repairs, and marketing the properties ourselves to secure buyers.
Q: Is there any requirement associated with the submission of my information??
A: There is no obligation on your part whatsoever. After you provide us with some information regarding your property, we will review the details and may arrange a call to gather further insights. Subsequently, we will present you with a fair all-cash offer that benefits both parties. Ultimately, the choice to sell your house to us rests entirely with you, and we will respect your decision regarding what is best for you.
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