Updated on 2019-07-15 | Written by AgentImage
It is our mission at 550-FAST Home Buyers to achieve win-win transactions with every homeowner looking to sell their house quickly. It is our goal to make you a fair cash offer for your property so that you can move on in your life without having to worry about the details and common concerns of selling a property.
“Our fair offer allows you to sell your house ‘as is’ and close on the date of your choice”
In order to understand what a fair offer is you must understand the common expenses of a real estate transaction. There is a difference between what price you are offered and what you “take home.” If you are selling your home and are offered 200,000.00 for your house you can be sure that what you clear is considerably less. When we make you an offer it is a NET offer. This way you know what you will be taking home from the closing table.
When you sell a property with a real estate agent, there is a 6% of the sales price that is paid to the buying and selling side agents. So if you were to sell a home for 200,000 that is a 12,000 commission that is paid at the time of closing. Our offers do not include real estate agents so you do NOT have to worry about real estate fees.
When we buy your house you will not have to pay our closing costs in order for us to enter into an agreement. It is now customary for sellers to pay the closing cost of the buyer as well sellers title insurance and other seller closing costs associated with a conventional real estate transaction. This can be anywhere from 3-4%. So in the example of the 200,000 purchase price this translates to another $6,000.00 to $8,000.00. Our net offers INCLUDE paying for all of the closing costs.
Once you enter into a real estate contract the next step is to schedule a home inspection. In this home inspection the inspector goes through your house with a fine tooth comb. It is the goal of the inspector to point out any items whether major or minor to the potential buyer. The buyer will then ask the seller to fix these items or walk away altogether. It is not uncommon for the checklist of the home inspector to cost anywhere from 2-10,000 to fix depending upon what he finds. Our offer to you is “AS-IS” so that means you do NOT have to FIX A THING.
One aspect of selling your property is the closing date. Conventional real estate transactions can take anywhere from 30-60 days to get to the closing table. The reason the long time frame is needed is because your potential buyer is getting financing. During this time you still are responsible for mortgage payments, taxes and insurance. It is also a possibility that the financing could fall through and leave you back where you started. Our offers are CASH so we can close in as little as 7 days if necessary.