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.
How is your cash offer determined?
This is by far the most asked question that we get. We take into consideration the location, condition and local market. There are a lot of variables in each of those criteria that we use to make your cash offer. If you want to see how your house stacks up, we offer a free calculator.
How can you sell your house fast?
Hands down there is no quicker way to sell your house fast than through a cash buyer. Cash buyers are able to buy houses fast with lines-of-credit or private money lenders. This makes a transaction from signed contract to closed sale very fast.
What should you do with your vacant house?
Vacant houses are more susceptible to criminal activity and exposure to the elements. When left vacant for a prolonged amount of time you are more than certain to lose value. The best thing to do is have the house evaluated for sale before it loses value.
Did you inherit a distressed house?
If you answered yes then you are not alone. Sadly, thousands of people face this situation every year and cash house buyers are often a viable solution to selling your inherited house fast.
Do you have bad tenants?
Every landlord has faced this reality. Bad tenants can be a drag on profit and your mental health. Some cash house buyers can buy houses with tenants in place to help you out of a bad situation.
How are you different from a real estate agent?
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 markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 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). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer.
What fees are involved if we buy your house?
None. There are NO commissions, NO closing costs, NO hidden fees, and NO transactional charges. We only get paid when we sell the house and that depends on us getting our numbers right when we buy your house.
Will you be listing my house on the MLS or actually buying it?
Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses in Roanoke, VA that meet our purchasing criteria. From there we may repair the house and resell it to another home owner or keep it as a rental ourselves.
What can you expect once we connect?
We love this question! Here it is: 1) We need to connect online or on the phone to discuss your house. 2) We’ll run some numbers on the house and generate a cash offer. 3) We sign some paperwork and get started on buying your house. That’s it.
How quickly can JPHomeBuyers buy your house?A: We will usually have everything done within 30 days after we enter into contract. However, the closing date is really up to you. For the record, the fastest we have closed is 9 days.
Do you pay fair prices for properties?
Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another home owner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. 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 →]
Are there any fees or commissions to work with you?
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 us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often 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 for a profit (we’re taking all of the risk here on whether we can sell it for a profit or not, once we buy the house from you… 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).
Is there any obligation when I submit my info?
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 to us… 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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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 540-296-2607 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.