FAQ- Frequently Asked Questions
As the leading direct home buyers in the Tri-Counties (and beyond), TK Properties gets a lot of questions about how “direct home buying” works and how it might benefit Alabama homeowners.
We’ve put together a list of FAQs, our frequently asked questions with our answers with the hope that it helps you make an informed decision about selling your house fast. If you still have a question, give us a call and we’ll be happy to answer it for you.
Q: Will you be listing my house on the MLS or actually buying it?
A: We’re not real estate agents, and we don’t list houses. We are professional home buyers: We buy houses Montgomery that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value. We do this so we can resell it at a profit to another homeowner. We are looking to get a fair discount on a property. However, in our experience, our sellers see the benefit and cost savings of selling quickly for cash and not having to make repairs or clean. The benefits are worth more than that higher selling price you might get when listing on the MLS. If that’s what you’re looking for and you see the value in getting your house sold fast, let’s see if we can come to a fair win-win price. Our offers are always no obligation! So at least see what we’re willing to offer, and you can turn it down if you want!
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.
Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the values of comparable houses sold in the area recently. We take all of that into consideration when making a fair, all-cash offer.
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house. No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit or rent it out. The savings you get not paying commissions is a HUGE benefit!
Q: How are you different from a real estate agent?
A: Real estate agents/salespersons list and market properties and hope that someone will buy them. The agent shows the properties to prospective buyers (if there are any) and then takes a percentage of the sale price if they find a buyer. Agent’s commissions vary but are generally between 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re the ones buying the house from you, and we pay with all cash the deal can close in days instead of months! We can usually close on the sale of your house in 14 days or less!
Q: Is there any obligation when I submit my info?
A: There is absolutely no obligation for you. Once you tell us about your property, we’ll set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision whether or not you’d like to sell your house fast to us. We won’t hassle you or haggle you. We’re here to help you make the best decision for your situation!
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Learn The Pros and Cons Of Selling Your House To Local Professional Home Buyer– FREE Guide:
Download our FREE Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners sell unwanted properties for cash.
Get the FREE Guide and then give us a call at (334) 384-8887 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.
Frequently Asked Questions When Selling to a Cash Buyer Like TK Properties
Selling your home to a cash buyer is a growing trend among homeowners looking for a fast and hassle-free transaction. However, the process may seem unfamiliar if you’ve only dealt with traditional real estate sales. To help clarify how it works, here are some frequently asked questions when selling to a cash buyer like TK Properties.
1. What is a Cash Buyer?
A cash buyer is an individual or company that purchases properties outright with cash, bypassing the need for mortgage financing. Companies like TK Properties have readily available funds, allowing them to close deals quickly, often within days, compared to the weeks or months required for traditional home sales.
2. Why Should I Consider Selling to a Cash Buyer?
Selling to a cash buyer offers several advantages, especially if you need to sell quickly or want to avoid the hassle of home repairs, staging, and showings. Some key benefits include:
- Speed: Cash buyers can close in a matter of days, making this an ideal option for those facing foreclosure, needing to relocate quickly, or in financial distress.
- No Repairs Needed: Cash buyers typically purchase homes “as-is,” so you don’t need to invest time or money in repairs or upgrades.
- Certainty: Cash transactions eliminate the risk of a deal falling through due to financing issues, providing peace of mind.
3. How Does the Process Work?
The process of selling to a cash buyer like TK Properties is straightforward and typically involves the following steps:
- Contact: Reach out to TK Properties via phone, email, or their website.
- Property Evaluation: They will assess your property, often through a quick walkthrough or by reviewing recent sales of similar homes.
- Receive an Offer: You’ll receive a no-obligation cash offer based on the current market conditions and the condition of your home.
- Accept the Offer: If you’re satisfied with the offer, you accept it, and the closing process begins.
- Close the Sale: The sale can be closed in as little as a week, depending on your timeline.
4. Will I Get Fair Market Value for My Home?
Cash buyers typically offer a price slightly below market value because they are taking on the risk and costs associated with repairs and resale. However, when you factor in the savings on repairs, commissions, and closing costs, selling to a cash buyer can often be just as profitable as a traditional sale, especially when time is a critical factor.
5. Are There Any Hidden Fees?
When selling to a reputable cash buyer like TK Properties, there are no hidden fees. The offer you receive is the amount you’ll walk away with. You won’t have to worry about paying realtor commissions, closing costs, or other unexpected expenses.
6. How Do I Know if a Cash Buyer is Reputable?
To ensure you’re working with a trustworthy cash buyer, do your research. Look for local companies with positive reviews, a solid track record, and transparent business practices. TK Properties, for example, is well-regarded in the Montgomery area for their integrity and commitment to fair dealings.
Conclusion
Selling your home to a cash buyer like TK Properties can be a smart, efficient solution, especially if you’re looking for speed, convenience, and certainty. By understanding the process and knowing what to expect, you can confidently move forward with your sale. If you have more questions, don’t hesitate to reach out to TK Properties for a no-obligation consultation.
