PENNY LANE HOME BUYERS FAQS
We'll Help You Sell Your House Fast
We're also here to answer your questions fast! Here are some commonly asked questions people ask us:
FREQUENTLY ASKED QUESTIONS
ARE YOU LICENSED REAL ESTATE AGENTS?
No. We’re real estate investors.
We don’t “list” real estate, we buy it. We also don’t charge any commissions. We will give you a fair cash offer up front, so you know what your house will sell for right then.
Agents will “list” your property and charge commissions to sell it. They can’t guarantee if and when your house will sell, or even how much it will sell for! It can take months and even a year or longer to sell a property with an agent. Most agents will ask you to make some repairs to the home to get it show ready, costing thousands of dollars and additional stress and time. Then you will have to always keep your house spotless and deal with strangers trampling through your house. If an offer comes along, you will have an inspector and an appraiser pick apart your house and most likely find more repairs are needed before you can move forward with the sale.
If you want to avoid all of this, just give us a call or fill out the form, and we will make this easy on you!
DO YOU PAY RETAIL PRICES FOR HOMES?
Second, most retail buyers will ask for the seller to pay for as much as 3% of their loan costs.
Third, you might be required to do a number of repairs to get your home “market ready” before the agent will even want to put it on the market. After inspections, most buyers will ask you to do additional repairs before they move forward with the appraisal. These repairs could cost thousands and tens of thousands of dollars and you still don’t have a guarantee that your sale will go through.
Fourth, you most likely will be making your mortgage payments during the months it will take to sell your home. You could be using that money to earn interest somewhere else!
Bottom Line: The amount of money you actually end up with in your pocket by selling retail is usually tens of thousands of dollars less than what you sell your home for. Why not save yourself all of that hassle and have us buy your home as it sits and possibly net the same amount of money?
CAN YOU HELP ME IF I AM IN FORECLOSURE?
Yes, we can absolutely help you. We understand the complications of foreclosure and we can discuss your options with you. If we can’t find a solution to buy your house, which will stop foreclosure immediately, we know other foreclosure prevention specialist that can help you, and we will refer you to them. If you are in foreclosure, you need to take action now and give us a call. Time is your enemy. Give us a call right now!
WHAT IF MY HOUSE GETS FORECLOSED ON?
Unfortunately, at this point we can’t help you. A foreclosure will stay on your credit for 7 years.
HOW FAST CAN YOU BUY HOUSE?
Our experience and resources give us the ability to buy your house in as fast as 48 hours. We can also be very flexible and close on your time frame. We will do our best to make our offer work with your situation.
CAN YOU STILL BUY MY HOUSE IF IT NEEDS A LOT OF REPAIRS?
Yes! We will buy your house the way it is, no matter the condition. You don’t even have to do any cleaning.
DO YOU HAVE A ONE SIZE FITS ALL BUYING SOLUTION?
No, we do our best to fully understand your individual needs and create a custom solution for you. Because we pay cash, we can be flexible in ways that others simply cannot be.
I DON'T HAVE ANY MONEY. WILL I HAVE TO PAY CLOSING OR OTHER COSTS OUT OF POCKET?
No problem! We will structure an offer for you, so you won’t have any out of pocket expenses.
HOW MUCH WILL I HAVE TO PAY IN FEES AND COMMISSIONS?
Zero. You won’t pay any fees or commissions.
Request A Cash Offer
Trusted Cash Home Buyers Since 2003