Frequently Asked Questions
Will this cost me anything?
There are no fees, commissions or other direct costs associated with selling your property to PF Home Buyers. We will pay all of the closing costs related to the transaction of your home, there will be an agreement that says the "Buyer will pay all closing costs". You will not be asked or required to make any repairs or upgrades if you do not want to, we will buy your property "as-is".
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The only expenses that may occur, depending on your situation, are based on what you may currently owe (such as mortgage, taxes, leins, HOA fees) which are generally taken care of by the title company at closing. Other expenses involved in clearing your title, and/or relocation should also be considered. Solutions to these types of costs can be discussed during your consultation.
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How long does the process take?
From the time you submit your information, we will be in contact within 48 hours to discuss the condition of your property. We can set a closing date that works for you. Where it's in a few days or a few months, everyone's timeline needs are different. Depending on the title's status, closings can generally occur within 2 weeks to 60 days.
How is this different from using a realtor?
We are not realtors and will not be listing your property on the MLS (Multiple Listing Service). We are private investors and will be buying your property, and eventually reselling for profit it at a later time. Usually after significant repairs and/or upgrades. Sometimes we hold onto properties long-term as rentals.
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The benefit or selling to private investors like us, is that the process is much quicker and simpler. There is no need to put your property up for sale on the online listing services, clean or repair your home. There are also no realtors commissions or brokerage fees involved.
How do you come up with your pricing?
Our process of determining an offer price involves looking at sold prices of other similar and updated homes in your neighborhood. Our phone and/or in person consultation will involve questions regarding the property's condition. This may involve getting photographs and/or viewing the property in person to get an idea of what the necessary repair costs will be in order to get the property up to its full market value. The full market value minus the repair cost, closing costs and any other costs involved with purchasing and reselling the property. This will likely not be the highest amount you could potentially get from listing the property, however the benefit is that we can close quickly. We are here to work with you on any complications that may arise with the selling of your home.
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