We realize that most people looking to sell their house fast have questions about our fast buying process. That’s why we’ve provided answers to the most common questions about selling your house to us below. If you still can’t find the answer that you’re looking for, feel free to call us at: 512-686-6609.
Q: Will you charge me any fees when I sell my home to your company?
A: The short answer is “no”. This is one of the main differences and advantages of selling your home directly to professional property buyers, versus selling your home through a real estate agent. There are never any sales fees or commissions when you work with us. Our profits come after the sale, once we repair your home and find another buyer or renter (if we decide to keep the property instead of selling it). If you accept our offer, you get to keep all of the leftover cash for your house, after any outstanding bank loans, liens and closing fees are paid for (and sometimes we even pay the closing fees for you). Then you simply walk away without the burden of an unwanted property on your shoulders and hopefully a lot of much needed extra cash in your pocket. It’s that easy!
Q: Do you always make fair offers for houses?
A: If a house is not in need of extensive repairs we can make offers that are near full retail, but if the home has a lot of differed repairs we would need to receive a fair discount. This allows us to fix up the property at our own expense and resell the property to new owners, while making a modest profit. We work with people in all kinds of situations who see the value in selling their property fast without commissions or costly repairs. Our company purchases real estate in a wide range of prices and helps owners get much needed cash out of their homes in the shortest amount of time, with no out-of-pocket expenses, which they commonly face when selling a house using an agent. The convenience and simplicity of selling your home to professional house buyers can’t be matched, when compared to the alternative of slowly going broke on a property while waiting for a buyer, possibly ruining your credit or getting sued, while being constantly stressed out by calls from bill collectors. We offer a winning solution for many property owners with limited options to otherwise liquidate the value in their homes. There’s never any pressure to accept our offer, so you can just walk away if the numbers don’t match up to your needs.
Q: Do you buy houses directly from owners, or do you find buyers for houses through MLS listings?
A: We’re so glad you asked this. Since we’re not real estate brokers or real estate agents, we never deal with listing properties on the MLS. We buy all houses directly from the owners. We buy houses across the Central Texas metro area and all over the State of Texas that fit into our short list of requirements. As professional house buyers, we either fix up the houses that we purchase for resale or keep them for rental income purposes.
Q: How does Heartland Housing Group differ from real estate brokers and agents?
A: Real estate brokers and real estate agents make money off of property listings. They market your home, while locking you into an exclusive seller’s agent contract for 6-12 months in most cases, which is the average time that it takes to sell a home in many areas today. Their only goal is to make a total or partial commission on your home when and if it eventually sells, based on which agent finds a buyer for your property. With agent commissions averaging around 5%-6% of a home’s sales price, owners can easily lose thousands of dollars in the process of selling a home, when using an agent. But what’s worse is the prospect of a home that doesn’t sell. Owners really take a hit, when they’re locked in a home selling contract, losing money on a property every month, that’s often located in a depressed housing market which is also probably worth much less than what they owe to the bank. Homeowners in dire situations like this really can’t afford to wait on a real estate agent to find a buyer for their home. That’s where professional property buyers like us come in. Our company can make an all-cash offer on your property and you can close the deal, pay off your mortgage and even possibly walk away with some much needed cash in your hand in a little as 7 days, instead of waiting months on end to get rid of your unwanted property. We’re not like traditional buyers who comb over a foot-long checklist when buying a property. We’re not looking for a home in a certain neighborhood, a certain school district or a certain location close to our job. We’re looking for properties with only one thing in mind: is it a good investment that we can quickly buy, repair and sell (or rent) for a profit?
Q: How do you calculate cash offers for properties?
A: Our fast house buying process is not complicated. We analyze the most recent comparable home sales in the area where your property is located to get an estimate of its current value. Then we make adjustments to the price we can offer on your property based on its condition and any needed repairs. This is the best way to come up with a fair price to offer for your property, since home values constantly fluctuate based on local real estate market conditions.
Q: What Happens After I Send You My Property Information?
A: We’ll take a look at the information that you provided and may contact you by phone to get additional details about your situation and the property that you want to sell. Then, after considering all of the specifics of your home, we’ll usually be able to come up with a fair and honest all-cash offer on your property that’s a win-win for both of us. And once you have an offer from our company, there’s no obligation whatsoever for you to accept it. We promise that the decision of whether or not to sell your home will always be totally left up to you. If you do decide to sell your home to us, the process will go fast and you even get to pick a closing date that fits your schedule!
Q. What do I need to get into an Owner Financed Home?
A. To purchase an owner finance home, you will need a down payment and the ability to make the required monthly payments for the term of the owner financing. When you find a property you like, we’ll let you know what both the down payment and monthly payment are.
Q. What’s the process to get into one of your Owner Financed Homes?
A. The first step is to tell us what you are looking for. Once we have your information, we’ll send you homes that meet your criteria. We’ll also send you upcoming homes for you to look at as well. When you see a home you like and are ready to move forward, we’ll send you an application. At this time, you’ll know the Down payment required, the term of the financing, and the home’s monthly payment. Before move-in, you’ll be required to make your down payment. This entire process typically occurs with 7-12 days for most of our clients.
Q. How long is the financing?
A. Most of our homes come with owner financing for a period of 3-5 years. That is normally plenty of time for you to be able to qualify for conventional financing with your preferred bank. We also help clients repair and even build their credit score, making it easier to qualify for a conventional loan.
Q. Do furniture and appliances come with the home?
A. Most of the time, the home does not include furniture. If a home does come with furnishings, we’ll let you know up front. Homes typically come with appliances, including stove, oven, refrigerator. Sometimes, our homes will come with a washer & dryer.
Q. How quickly can I move into an Owner Financed Home?
A. Most of our clients move into their home within 7-12 days of working with us.