Frequently Asked Questions
Maybe you have a few questions about how we can buy your house so quickly using all cash offers.
That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Q: Are you a real estate agent?
A: Yes – at HomePro Associates, we are licensed agents who are held to the highest standard by our professional legal code, the law, and Washington State, in addition to our own personal values. Because we have our license we can provide YOU with more options for how to sell your home – you can sell it For Sale By Owner to us, and get a quick cash offer; or we can list it for you on the MLS. We will give you all the information on pricing and timing, so you can make the best choice for your situation.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We are BOTH real estate agents and cash buyers – so it is YOUR CHOICE of how you’d like to get your home sold. We are professional home buyers: We buy houses in King, Pierce and Snohomish Counties that meet our purchasing criteria. After we buy the homes, we may repair or update the house and resell it to another home owner, or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another home owner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast (or on the date of your choice)… let’s see if we can come to a fair, win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
Remember, if you decide you don’t like the “Cash Price” we offer, we can always list it on the market and try to sell it to someone who may be willing to pay more. Here’s why it might actually be better for you to have us help you as real estate agents, rather than buy your house cash.
Q: How do you determine the price to offer on my house?
A: This is a great question to ask, and it’s important for us that you understand our process so you can know that it is fair – we want it to be a win for you – and obviously we have to make a profit or we can’t stay in business. Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area. Plus, we factor in all the transaction costs – WE will be paying those legal fees, taxes and closing taxes for you (as well as our side) when we buy the house, as well as when we sell. Usually these fees along are 5-10% of the value of the home. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you, too.
Q: Are there any fees or commissions to work with you?
A: No. Our goal is to put money INTO your pocket, not take it out. This is what makes our cash buyer services different from the traditional method of selling your house: There are NO fees or commissions when you sell your house 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 are taking ALL THE RISK on the hopes we can get it repaired quickly, get the labor, get the lumber, keep our costs under control and find a good quality buyer or tenant who will then pay us what the home is worth. The responsibility of figuring all that out is ours, and YOU walk away without the burden of the property and it’s payments… oftentimes with cash in your hand).
Q: How are your Cash Home Buyer Services different than your Real Estate Broker Services?
A: As real estate agents, we have to list properties with the HOPE that someone will buy them. We do our best to market the property effectively, but we never really know how long the house will take to sell, or even IF a buyer will come along. If the house needs substantial repairs or cleaning, chances are it may not be appealing to a “Susie Homemaker” type of buyer anyway, and it may eventually end up being sold to an investor in the end, with those realtor fees just piled on top.
As real estate agents, we help market your home to a wide range of potential buyers in the hopes of finding a buyer on the open market who will give you the best possible price. We take a 6% commission when the property sells to compensate ourselves as well as the buyer’s representative agent.
As a home buyer, we are offering you a fast, certain solution by purchasing your property directly. In this case, we are not LISTING the home, but acting as the end-buyer. 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, doing all the work and taking on the expense of repairing the house, and marketing it ourselves to find a buyer or tenant.
Q: Is there any obligation when I submit my info?
A: NO! 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.
We are here to help you and we are in the business of making win-win solutions for everyone. We have a lot of ways to help you sell your home, a cash offer is just one of them, and for some people that’s the best option, and for others it’s not. We’ll give you the information you need to make the best decision for YOU!
Fill out the form below, and let’s get started.