Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or 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: Great question. While some of our team are licensed, the goal for many of our customers is not to list houses. We are (and represent) professional home buyers: We buy houses in Calgary that meet our purchasing criteria. After purchase, the house may be repaired and resold to another investor/home owner or kept as a rental. IF your situation allows you the time (60-90+ days) to consider a more traditional selling option, we can help get you onto the Multiple Listing Service (MLS) and help market your house for top dollar. You get to review ALL options when you talk to us and let us know what works for you.
Q: Do you pay fair prices for properties?
A: If you are looking for help selling on the MLS, then we help you get top dollar and show you how to do it quickly! Many of the houses we actually purchase are below market value (we do this so we can resell it for a fee to another home owner). We are only looking to get a fair discount on a property. However, in our experience, many of our sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we and our buyers can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part to fix up the property. 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. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
[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. Head on over here download your free guide →]
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 values of comparable houses sold in the area recently. As you know, house values have taken a hit in the last few years and many areas still haven’t seen prices come back up fully. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
A: 1) 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 (and we’ll pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it (we take all of the risk here on whether we can sell it for a profit or not, once we buy the house from you, or keep it as a rental… the responsibility is ours and you walk away without the burden of the property and it’s payments… and often with cash in your hand).
2) If we present you an offer from one of our many investor buyers we work with you to ensure you get what you need from the deal. The investor pays us a fee and takes the property off your hands, again leaving you cash right away!
3) If you have a bit of time (90+ days) before you require the cash, we show how to market the property through our traditional and non-traditional partners to get top dollar for the home. Options in Calgary range from Flat fee to percentage of the sale price.
Q: How are you different from selling with a traditional real estate agent?
A: We buy houses! Traditional real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many Calgary communities right now is 2-3 months with a further 1-3 months for possession) and then the agent takes a percentage of the sale price if they find a buyer. Oftentimes in Alberta, the agent’s commission is 7% of the first $100,000 and 3% of the balance of the sale price of your house (so if it’s a $400,000 house, you’ll pay $16,000 + GST in commissions to an agent). The traditional agent method is a great service for those that can wait 2-6 months to sell, who have a few thousand dollars available to pay closing and repair costs, and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: Our aim is not to ‘list’. Our team presents you with an offer to buy the house. . . and its in all cash. We can make a decision on your house within a couple days (sometimes the same day). Again, our buyers makes a living by taking the risk to buy the house for cash, repair the house, and then either hold it as a rental or repair it and market it to another buyer (which can be the hard part in this market).
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe 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 on whether or not you’d like to sell your house… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
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Get the FREE Guide and then give us a call at 403-907-5031 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.