Frequently Asked Questions
At Papa Buys Houses, we have accumulated more than 20 years of experience and have served more than 100’s of sellers. During this time, we have received many frequently asked questions (FAQ), so much so that we have compiled some responses to what often comes up below!
Still have a question after reading through? Don’t hesitate to contact us (or give us a call). We’ll be happy to answer any and all questions.
Q: Will you be listing my house on the MLS or actually buying it?
A: We’re not agents. We are professional home buyers: We buy houses in Montgomery and surrounding areas. All the time. We will evaluate your property to see if it meets our criteria. If it does, we will make a fair, all-cash offer. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: We often buy houses in Montgomery and surrounding areas in as-is condition. We work closely with distressed property owners who have properties that are in less than pristine condition. These homeowners know that they are not going to get the highest price on the open market due to the repairs, clean up, and other expenses involved. However, time and time again, our clients have walked away with cash in their pocket for their properties at a price we both believe is fair. Our clients also love the fact that there are NO fees, NO commissions, NO repairs, and a closing date that is best for them.
[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 alternative – listing with an agent or selling it yourself. Head on over here to 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. It’s that simple. We want a fair price, and so do you. You don’t last in the business as long as we have if you don’t act with integrity and respect.
Q: How are you different from a real estate agent?
A: Real estate agents list properties in hopes 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. They 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). The fees are how agents make their money. While 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 sales price to pay for the commissions, real estate agents are not for everyone. We often work with home owners who simply do not have the time to wait 12 months to close on their home and who may need to move sooner due to foreclosure, death in the family, divorce, or a job change. We work with busy property owners who simply don’t have time to clean up the property, make costly repairs, sign a long contract with a real estate agent, deal with last-minute showings, and so on. We offer a faster and easier solution – one with NO FEES. Since we’re actually the one buying the house from you, we pay with all cash. We can decide 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. We won’t hassle you or harass you. We guarantee no pressure. It’s 100% your decision and we’ll let you decide what’s right for you.
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Get the FREE Guide and then give us a call at (334) 731-7320 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.