Pittsburgh Cash Home Buyers – FAQ
Frequently Asked Questions
Do you have a few questions? Great!
Here are a few people ask us all the time… along with our answers.
If there is anything we do not cover, please do not hesitate to contact us for detailed specifics about anything at all.
Q: Will I pay a sales commission or any fees to work with you?
A: No. You will not pay fees or commissions with us and this is what makes us unique from the traditional methods of selling your house. You will pay no fees or commissions when you sell your house to us for cash. We will make you a cash offer, and if it’s a good fit, then we will buy your house without any further hassle or stress (and we pay for your closing costs as well;).
Q: If you do not charge any fees or commissions, then how do you stay in business?
A: We make our profit after we pay for repairs on the house (if any) and sell it for a profit. Considering we are taking on all the risk & liability as to whether we can sell it for a profit or not, once we transfer the deed, the responsibility becomes ours, and you walk away free from any further burden of the property (and those payments). We make our profit on the back end of the deal, so you can walk away with cash in hand, and leave the rest up to us- this is what we do!
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We are not agents, and we do not list houses on the Multi Listing Service. We are a professional real estate investment company that specializes in home buying : We buy houses in Pittsburgh that meet our purchasing criteria. From there, we may renovate the property, resell, or lease the property and keep it as a rental within our portfolio.
Q: How are you different from a traditional Real Estate Agent?
A: Traditional Real Estate Agents list your property and hope someone will buy it for a higher price that includes their personal commission and brokerage fees. In most cases, your agent’s commission will be between 3% to 6% of the Total Sales Price of your house, so if you sell your house for $100,000, you end up paying between $3,000 and $6,000 in commissions to that agent. Agents can provide a great service for sellers with the luxury of time, and those willing to wait the typical 3, 6 or 12 months to sell (the average time to sell a property in many markets right now is between 6-12 months).
Agents are sometimes the preferred route for sellers who do not mind giving up some of their sale price to pay for those 3-6% commissions and fees- But that is exactly where we are different- We are not agents, we are Real Estate Investors. Our company actually buys houses in volume for cash. We do not list houses on the MLS. Since we are actually the party buying the house from you, and we pay with cash, then we can make a decision to buy your house within a few days (sometimes the same day). Again, we make our profit on the back end of the deal by taking the risk to buy the house with our own cash, repairing the house, and then marketing the property ourselves to find a buyer (which is often the most difficult part of the selling process in the Pittsburgh market).
Q: Do you pay fair prices for properties?
A: Yes we do! We add considerable convenience, certainty and a definite timeline to your house transaction and bottom line. We often purchase properties at below market or below “retail value” as a trade off for time, certainty and convenience (we do this so we can make a profit when we resell to another home owner after we make repairs). We are interested in getting a fair discount for your property; however, in our experience, many of our sellers are very motivated and are not necessarily expecting a massive “windfall” on the property- Most of our sellers are most interested that we offer cash and can close very quickly (no waiting for financing). Since there is no further effort or excessive expenses required on your part to fix up, repair, clean out, haul away or pay a real estate agent fees or commissions, we are often to find a solution that makes sense for all parties. If that sounds like what you are looking for, and you see the value in getting cash in hand by selling us your house fast, then contact us today. Our no-obligation offer means you do not have to move forward with the offer we provide… but it is often helpful to know what you can collect in cash within 30 days from a real estate investment firm like ours!
Q: How do you determine the Fair Cash Offer on my house?
A: Great question, and we are an open book: Our process is very straightforward. We look at the location of the house, what repairs are needed, the current condition of the property, the comparable value and the selling rates of similar houses sold recently in your neighborhood in addition to the number of days on market properties in the neighborhood are selling. As you know, house values have fluctuated in price significantly over last 5 years and most areas have not rebounded as fast as others. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too. We also offer to work out your preference on closing and whether you prefer us to include closing costs and local transfer taxes in our offering. Our goal is to find a solution that works, set expectations and follow through on our promise.
Q: Is there any obligation to sell after I submit my info for my Fair Cash Offer?
A: There is no obligation for you to sell us your home. Once you complete our form and tell us a bit about your property and your needs, we will take a look at the numbers, set up a call with you to find out a bit more, and make you an all-cash offer that is fair. From there, it is 100% your decision on whether or not you prefer to sell your house… and we will not pressure or hassle you, ever… our process is 100% professional and the selling of your house is your decision to make. We will let you and your family decide what is appropriate for your unique situation. Providing win-win solutions is our goal and the reason we have a 5 star rating and a #1 Google service ranking.
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