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.
Hey everyone. April Crossley here, from Berks County House Buyers, and I’m answering some of the most common questions that I get asked when sellers call because they have a home they need to sell. A lot of times, people will call us, that own an investment property, or they have the house as a rental. So they’re not living there full-time, they’re renting it out, and they need to sell the house. And they often ask, can I sell this house while a tenant is still living in it, and you can.
We do buy houses in Berks County, that are tenant occupied. If it’s a difficult tenant that needs to be evicted, we do take care of that for you. So you don’t have to go through the eviction process before we buy the house. We will buy the house if the tenants great, and they want to stay in place, but we’ll also buy the house if the tenant’s not so great, and that’s your reason for selling. So whether the house is occupied, or the house is vacant, we will work it out. We can buy it either way, and take care of all the headaches for you.
Hey, everyone. April Crossley here from Berks Direct Cash Buyers, and we’re answering more questions that sellers commonly ask us. Today we’re going to talk about renting a house back to a seller. A lot of times sellers will inquire about selling their home quickly but they still need a little bit of time to move to something else, and they’re working on saving a little bit more money to move to something else. They’ll ask us, “Can I sell you my house,” we’ll got to settlement, we’ll buy it, so that they have the money from the sale, but then they want to rent the house back for like a week, or two, or three weeks, or a month. And we do do this, we can rent the house back to you, as the seller.
What we’ll do is we will purchase the house, so you’ll have the money from the sale to go buy something else, and we’ll do a lease agreement with you. So basically you’ll become a tenant under a lease agreement and you can rent your home so that you’re not in any rush to pack or to move or anything like that. We really do make it as flexible as possible. To find out if your home is a good fit for us, you can find out more information about our company at www.berksdirectcashbuyers.com, or you can give me a call directly, 610-334-0608. We look forward to helping you.
Hey Berks County, April Crossley here answering some more of your commonly asked questions when you’re looking to sell your home cash. A lot of people ask me, “Why are there so many We Buy Houses signs out there? It seems like everybody buys houses, cash.” There’s a ton of people from out-of-state and out-of-state companies that are coming to the area. And here’s a few things that you need to look out for when you’re dealing with a company that says that they can “buy your home quickly” or “buy your home cash”.
Number one: you want to make sure that they’re local. This way you know you’re getting the highest and best amount for your property. So at Berks County House Buyers, we’ve been working in the Berks County market for close to 12 years now. So we know what home values are inside out, upside down and backwards. Number two: you want to make sure that company has your best interest at heart. At Berks County Direct Cash Buyers, we always say. “People before profits.” Our goal is to give you multiple options for selling and let you pick the option that’s best for you. Number three: you don’t want to sign a contract with a company that says. “And/or assigns”, what this means is that company isn’t actually, buying your property. What they’ll usually do is try to get you to agree to a price over the phone. Or, they’ll just ask you what you’re looking for and tell you that they can pay you that amount. Either without seeing your home or put the property under contract, right away.
What they’re doing is, they’re just putting the property under contract in writing for whatever you’re asking for. But they have escape clauses in their contract. They’re going to take that contract and sell it to another company. What this means for you is that they’re going to put your property out there, in an email on the internet, with the address telling other investors that it’s for sale. And trying to sell that property to other investors. So it puts you at risk with your property. And opens up your property address to tons of people. So at Berks County House Buyers, we don’t do this. Our contract does not say “and/or assigns”. We come out, we take a look at the property. We do a brief walk-thru, it takes us about 20 minutes. And we take our time and get back to you with a solid offer, that we know we can purchase the property for. And we buy directly, we’re not selling the contract or trying to sell your house to another investor.
What’s happening with these other companies, is they’re giving you whatever you ask for or they’re offering too much. And then, a week before you’re supposed to go to settlement or the day of closing. I’ve had sellers tell me, even the day of closing. These companies are backing out because, they couldn’t find another investor to buy the house at that price. So they’re not showing up for settlement and they’re not actually, buying your home.
So be really careful. There are lots of companies out there, that are coming to the area and they do not have your best interest at heart. To see if your home is a good fit for us at Burks County House Buyers, you can visit us at www.berksdirectcashbuyers.com, and download our seller packet to find out more about our company. Or you can give us call at 610-334-0608. We look forward to helping you.
Hey Berks County, we’re answering some of your commonly asked questions when you visit our website and inquire about selling your house quickly for cash to Berks Direct Cash Buyers. So here at Berks County House Buyers, a lot of people ask us can they break even when they sell their home.
Are they going to make any money if they sell it to a, “We Buy Houses Company,” or are they going to walk away from the table with any money or does it cost them anything? So first I want you to know, it doesn’t cost you anything to sell. You don’t have to bring any money to the table, that’s all your closing costs and everything will come out of the profit or sometimes the company will pay all of your closing costs depending what’s owed on the home.
So you don’t have to bring any money to the table or come out of pocket with any money. Can you make a profit? So here’s where having a free consultation really comes in handy. We’ll come out to the home and we’ll let you know what you can list the home for on the market and what profit you’ll make and what you can sell it for cash, and what profit you’ll make that way as well.
So it really depends on what you owe on the home. Are there any back taxes, are there any other liens on the home, what is the property worth, what is your mortgage balance? A cash offer from an investment company is typically going to come in somewhere around 70 to 75 percent of what you could get on the market.
So on the market is always where you’ll get highest and best. That’s where you’ll get the most amount of money. But it’s not the quickest way to sell, it’s not the easiest way to sell. So if you have a home that’s in need of repair, or one that you need to sell quickly, or you’re just tired of dealing with it and don’t want to wait for it to sit on the market, getting an opinion about what you can get for it cash is a good way to go.
So at Berks Direct Cash Buyers, we try to give you both the market value and the cash value of the home so you can compare them to see what kind of profit you’re going to walk away with. And we break that down for you. We tell you net, “This is what you’re going to make if you list it on the market and this is what you’re going to net if you sell it to us cash.” And we let you pick the option that’s best for you.
So if you’re interested in a free consultation, check us out, www.berksdirectcashbuyers.com or give us a call, 610-334-0608. We look forward to helping you sell your home, Berks County.
Hey, Berks County. It’s that time of year again. Tax bills have just come out, and people will often ask us if I wanna sell my house, and I’m gonna sell it to you, do I have to pay the tax bill? Or, if I’m one year or two year or three years behind in taxes, do I have to bring that money to the settlement table? And the answer is no. The taxes will get paid off at settlement. They’ll come out of the profit. We can factor all that in when we do a consultation with you, so we can tell you exactly what you’re gonna net after the taxes are paid off, but the title company will take care of paying off everything for you.
So, if you have a vacant house in Berks County, or you have a house that you inherited in Berks County, or you just have a house that you’re behind on taxes or haven’t paid the taxes yet and you’re getting ready to sell it, call us for a free consultation, 610-334-0608. Don’t pay those taxes yet. We can tell you what you’re gonna net and get those taxes paid off for you. We look forward to helping you. Check us out, www.berksdirectcashbuyers.com. We have been buying houses in Berks County for about 12 years, and helping homeowners, and we looking forward to helping more.
SOME OTHER COMMONLY ASKED QUESTIONS:
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Berks County 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. We DO however work with a licensed agent. When we meet with you, we will have our agent give you a market value for the home. So if you want to list it on the market, you will have that option as well!
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 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 →]
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 huge hit in the last 5 years and most areas still haven’t seen prices come back up. 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: 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).
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 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 (which is 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 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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