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. We aren’t going to list your house, we’re actually the wants who will buy it. We are professional home buyers: We buy houses Baltimore that meet our purchasing criteria.
Q: Are you a wholesaler?
A: Wholesalers offer to buy houses so they sound like they have a similar offer that we’re making. But here’s the difference: A wholesaler is just a middleman. They put the house under contract and then assign the contract to someone else who has the money. Wholesalers don’t often meet face-to-face (they usually call and give offers over the phone) and they also may not pay as much as we do. You’ll know we’re the actual buyers of your house because we don’t have an “assignment clause” in the contract, and because we’ll go to your house and meet you face-to-face.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are owned by people who don’t want to sell their house through an agent, perhaps because they don’t want to pay to fix up the property, wait while an agent tries to find a buyer, or pay an agent’s fees. Many people who sell their house through agent discover that they’re not really ahead of the game after all the waiting and expenses are added up. We take a different approach: we’re the buyers and we can buy in “as-is” condition, as fast as you want, with no fees or commissions to pay. Therefore, we can offer a lower price on the property but you can sell faster with no hassles or costs! It’s an option that has worked for many of our clients… and you can find out how much we’ll pay with our no-obligation cash offer BEFORE you make any decisions.
[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 and we’re committed to transparency here at CR of Maryland LLC. 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.
Q: Will you just give me an offer over the phone?
A: No way! After completing more than 3,000 real estate transactions, we know how important it is for our clients to deal with local experts. (The reason people give offers over the phone is often because they don’t live locally and therefore don’t understand the local market or how much to offer.) We believe in the trust and rapport you get from meeting face-to-face, shaking hands, and looking each other in the eye. It’s the ONLY way we do business!
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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 (443) 391-7080 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.