Frequently Asked Questions
Perhaps you’re seeking clarification. It’s perfectly normal; many individuals do. Below are some common inquiries we receive, along with our responses. If you have a question that’s not addressed here, feel free to reach out to us at any time. We’re here to assist you.
Q: Will you be listing my house on the MLS or actually buying it?
A: That’s an excellent question. Unlike real estate agents, we’re not here to list houses. At Speedy Home Purchase, we’re professional home buyers focused on purchasing properties in DFW that fit our criteria. Plus, we don’t rely on bank financing, ensuring a smooth closing process. Once purchased, we might renovate and sell the house or add it to our rental portfolio.
Q: How are you different from a real estate agent?
A: 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 4-6 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3 to 6% of the sale price of your house. If it’s a $150,000 house, you’ll pay between $4,500 to $9,000 in commissions to an agent.
Agents provide a great service for those who can wait 4+ 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 buys the house directly from you. Since we pay with all cash and purchase the house from you, we can decide to buy your house within a couple of days (sometimes even 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.
Another factor is the condition of the home. A real estate agent is looking to list the prettiest home on the block. They want clean perfect homes with little repairs so that they can sell quickly and move on to the next home.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A DFW Agent | SOLD To Speedy Home Purchase | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: Do you pay fair prices for properties?
A: Many of the houses we buy are priced below market value. This allows us to sell them for a profit to another homeowner. We aim for a fair discount when purchasing a property. Based on our experience, most sellers aren’t expecting a substantial windfall. Instead, they value our ability to offer cash, close quickly (without waiting for financing), and handle repairs and agent fees. If you’re seeking a fast sale without the hassle and see the value in it, let’s work together to find a mutually beneficial price. Our no-obligation pricing commitment ensures you’re not obligated to accept our offer, but it’s helpful to know what we can offer!
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 versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: Are there any fees or commissions to work with you?
A: Here’s our unique approach to selling your house: When you sell directly to us, there are no fees or commissions, unlike traditional listing methods where you could lose up to 6% of the sale price. If our offer aligns with your needs, we’ll purchase your house hassle-free and cover closing costs in many cases. Our profit comes after we handle repairs and resell the property, taking on the risks involved. Once we buy your house, you’re free from the property’s burdens and walk away with cash in hand.
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 value of comparable houses sold in the area recently. Taking the many pieces of information into consideration, we come up with a fair price that works for us and works for you, too.
Q: What condition should my home be in?
A: We buy homes in any condition, so there’s no need to stress about cleaning or repairs. From homes requiring major renovations like a new roof or kitchen to those needing foundation repairs -which are all too common here in Texas- we’re interested in purchasing your property regardless of its condition. So rest assured, we’re here to help and ready to buy your home as-is.
Q: Is there any obligation when I submit my information?
A: You’re under no obligation whatsoever. After you provide some details about your property, we’ll review everything and might arrange a call to learn more before presenting you with a fair, all-cash offer. Then, the decision to sell your house to us is entirely up to you. We believe in giving you the freedom to choose what’s best for your situation.
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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
Download our FREE Guide here and contact us anytime with questions or if you would like a no-hassle Situation Evaluation. Learn more about how we help DFW homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at 817-601-7306. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.