Questions
The ones we're actually asked, answered the way we'd answer them on the phone.
The offer
How much below market value will your offer be?
It depends almost entirely on what the house needs. A property in good condition keeps much more of its value than one needing a roof, a kitchen and two bathrooms. The renovation line is the biggest variable in the whole calculation.
Rather than quote a percentage that wouldn't hold, we've published the full arithmetic with a worked example so you can see exactly which costs come out and why.
Is the offer really no-obligation?
Yes. It's a number, in writing, that you're free to ignore. There's no fee for it and no contract attached to receiving one.
We'd actively encourage you to take it to an agent for a second opinion before deciding.
Will you lower the price later?
Not unless something material turns up that nobody knew about: an unpermitted addition, an undisclosed lien, structural damage hidden behind a finished wall.
Renegotiating just before closing is the most common complaint about cash buyers, and it's a deliberate tactic for some of them. Our intention is always to close at the written number.
The process
How fast can you actually close?
A cash purchase can move as fast as the title work allows, which in Iowa usually means two to three weeks rather than the seven days some buyers advertise. A title search takes as long as it takes.
You choose the date. If you need ninety days to sort out your next place, that's fine too.
Do I need to clean, repair, or move anything out?
No. As-is means as-is, including the furniture in the basement and whatever's in the garage. Take what you want and leave the rest; clearing it is our problem.
What does it cost me?
There's no fee for an offer and no commission on a sale. Who pays which closing costs is set out in the purchase agreement, so read that rather than taking a number from a website. Anything already owed against the property comes out of the proceeds either way: the mortgage payoff, unpaid property taxes, or a lien. The title company itemises all of it before you sign.
Who actually handles the closing?
A local title company, the same as any ordinary sale. They hold the funds, run the title search, and disburse the money. We don't handle your proceeds at any point.
Your situation
Can you buy a house with tenants still in it?
Yes. A rented property has an assessed value like any other and the lookup will show it. Nothing here depends on the house being empty or on you living in it.
When should I not sell to a cash buyer?
When the house shows well, you're not on a deadline, and you can carry the mortgage while it's listed. In that situation the open market will almost always net you more, even after commission.
Most people should list. We're for the cases where that isn't practical.
About us
Are you going to sell my contract to someone else?
No. Some operators tie a house up under contract and then shop that contract around. It's called wholesaling, and it's why offers sometimes change hands or fall apart. We don't assign contracts, and any purchase agreement you sign with us will say so in writing.
Are you real estate agents?
No. We're the buyer, not a brokerage, and we don't represent you in the transaction. That's precisely why we suggest having your own agent or attorney review the paperwork.
What do you do with my information?
There is almost nothing to do anything with. No page on this site asks for your name, email or phone number. If you press the button saying you'd like to talk about selling, we get the address and nothing else. We don't sell it or pass it to lead brokers. Details are in our privacy policy.