Frequently Asked Questions To Fair Value Home Buyers

Fair Value Home Buyers understands that you may have questions, which is entirely natural and common. To assist you in addressing any uncertainties, we have assembled a comprehensive list of frequently asked questions along with their corresponding answers. However, if you find that your particular question has not been addressed, please do not hesitate to contact us at any time or give us a call at (804) 877-3955. We are always available and delighted to provide you with the information you seek.

Q:  Will you be listing my home on the MLS, or do you have the intention of purchasing it directly?
A:  Excellent question. We operate differently from real estate agents as we do not list residences on the MLS. Instead, we are professional home buyers specializing in acquiring properties promptly and offering cash payments. After the purchase, we may choose to repair the home and vend it to another homeowner or retain it as a rental property ourselves.

Q:  Do your property acquisitions involve paying fair prices?
A:  Certainly! It’s essential to understand that a significant number of the properties we purchase might be below market value. This strategy enables us to resell them at a profit to other homeowners. Our objective is to engage in negotiations that result in a fair discount on a property, satisfying the interests of both parties involved. Through our experience, we’ve noticed that many sellers aren’t necessarily seeking a substantial windfall from the property. Instead, they value our advantages, such as prompt cash payments, speedy closing without the waiting period for financing, and the relief from the burden of investing time, effort, or expenses in property repairs or agent fees.

Q: When I submit my information, am I under any obligation?
When you submit your information, you are not bound by any obligation whatsoever. Once you provide details about your property, we will carefully review the information and may arrange a call to gather additional insights if needed. Following this, we will present you with a fair, all-cash offer. However, the decision to pitch to us is entirely at your discretion. We deeply respect your autonomy and believe in empowering you to choose what is best for your situation.

Q:  How do you determine the price to give me or offer me for my home?
A:  Excellent question, and we believe in full transparency. Our process is simple and direct. We thoroughly evaluate the property’s location, necessary repairs, and its current condition, and we also consider the value of comparable homes or properties recently sold in the area. By carefully analyzing these factors, we arrive at a fair price that benefits both parties involved.

Q:  Are there any fees or commissions associated with working together or with you?
A: What sets us apart from the traditional method of selling your residence is that there are absolutely NO fees or commissions involved when you move directly to us. If our offer aligns with your needs, we will purchase your domicile without any hassle or charges. Additionally, we often cover the closing costs as well. Our revenue is generated after we buy the home, handle the necessary repairs, and resell it at a profit. The risk of selling the property at a profit lies with us, not you. Once we take ownership of the residence, the responsibility is ours, and you can walk away without the burden of the property and its payments while also receiving cash in hand.

Q:  How is this company different from the traditional real estate agent?
A: Real estate agents list properties and rely on potential buyers showing interest. If there are interested buyers, the agent arranges property viewings (which can take 6-12 months on average to move the property in many markets). When a buyer is found, the agent takes a percentage of the sale price as their commission. Typically, this commission ranges from 3 to 6% of your dwelling’s sale price. For instance, on a $100,000 house, you would pay between $3,000 to $6,000 in commissions to the agent.

Real estate agents offer a valuable service for those willing to wait 6 to 12 months for a sale and are comfortable with paying commissions. However, our approach is distinct. We are not agents; we are home buyers. Our company directly purchases homes or properties from you. As we operate with all-cash transactions, we can quickly decide to buy your dwelling within a few days, and in some cases, even on the same day. Our livelihood is based on taking the risk of buying the house with our own funds, handling necessary repairs, and independently marketing it to find a buyer. This streamlined process allows us to provide a swift and hassle-free solution for homeowners like you.