Frequently Asked Questions
We understand you might have a few questions, and that’s absolutely fine! It’s completely normal to have inquiries, just like many others do. So, we’ve compiled a handy list of some common questions sellers often ask us, along with our helpful answers. However, if you still have a question that’s not covered here, please feel free to contact us. You can contact us directly or call us at (334) 310-3079, and we’ll be more than happy to provide you with the information you need. We’re here to assist you!
Q: Are you planning to list my house on the MLS, or do you have intentions of actually buying it?
A: That’s an excellent question! Our company actually doesn’t operate as agents or list houses on the market. Instead, we are professional home buyers focused on purchasing houses that meet our specific criteria. Once we acquire a property, we may choose to repair and resell it to another homeowner or alternatively, keep it as a rental property ourselves.
Q: Do you offer fair prices for properties?
A: Many of the houses we purchase are typically below market value. This allows us to resell them at a profit to other homeowners. Our aim is to acquire properties at a fair discount. However, based on our experience, we’ve found that many sellers are not necessarily expecting an extravagant windfall from their property. Instead, they appreciate the advantages we bring to the table: offering cash, quick closing (without the delays of financing), and eliminating the need for you to invest time, effort, and expenses in property repairs or agent fees.
If you value the benefits of selling quickly, without any obligations, let’s see if we can reach a fair win-win price together. It’s important to note that our pricing commitment does not require you to proceed with our offer. However, it’s valuable to have an understanding of what we’re offering.
Q: What is the process for determining the price to offer on my house?
A: That’s a fantastic question. Rapid Fire Home Buyers process is designed to be transparent and simple. Firstly, we thoroughly assess the location of your property, any necessary repairs it may require, and its current condition. Additionally, we carefully analyze the values of comparable houses that have been sold in the area recently. It’s important to note that the real estate market has experienced significant changes in the past five years, with many areas still in the process of recovering prices. Rest assured, we consider all these factors and strive to arrive at a fair price that benefits both parties involved.
Q: Are there any fees or commissions associated with working with you?
A: What sets us apart from the traditional selling approach is our commitment to providing a hassle-free experience without any additional financial burdens. You won’t encounter any fees or commissions when we purchase your home. Our process is straightforward: we present you with an offer, and if it aligns with your expectations, we will purchase your house. In many cases, we will often cover the closing costs. There’s no need to worry about extra charges or complications. We generate our profits by handling any necessary repairs and selling the property at a later time. By selling to us, you can relieve yourself of the property’s responsibilities and often receive cash in hand.
Q: In what ways do you differ from a real estate agent?
A: While real estate agents typically list properties and wait for potential buyers to come forward (which can take 6-12 months on average), they earn a percentage of the sale price as their commission. These commissions typically range from 3-6% of the house’s sale price, meaning that if your house is priced at $100,000, you could end up paying between $3,000 to $6,000 in commissions to an agent. Real estate agents offer valuable services to individuals who are willing to wait and don’t mind paying a portion of the sale price as commissions.
However, our approach is distinct: we are not agents but rather direct home buyers. We purchase houses directly without listing them on the market. As we buy the home from you, we pay in all cash and can often make a buying decision within a matter of days, sometimes even on the same day. Our business model revolves around taking on the risk of buying the house with our own funds, handling any necessary repairs, and marketing the property ourselves to find a buyer (which can be challenging in the current market). This allows us to provide a faster and more streamlined process than traditional real estate agents.
Q: Is there any obligation associated with submitting my information?
A: You are under no obligation whatsoever. When you provide us with information about your property, we will carefully review the details and may arrange a call with you to gather further insights. Subsequently, we will present you with a fair all-cash offer that considers your interests and ours. The choice to sell to us remains entirely up to you, and we assure you there will be no pressure, hassling, or harassment. We respect your autonomy and believe that the decision should be entirely yours, allowing you to determine what is best for you.
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… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself.
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