Will Mr. Homebuyer pay me what my home is worth?
What a home is worth is regarded in the industry as “fair market value.” Fair market value is an amount that the seller does not net. Here’s why. Even if the seller’s real estate agent is lucky enough to sell their property for “fair market value” after listing it, once the associated costs involved are factored in, the seller comes to find that what the industry is calling “Fair market value” is a figure, that in many cases comes out to be substantially less than expected. Depending on the costs and fees involved (holding costs, repair costs, realtor commissions, closing costs, etc.) “fair market value” can turn out to be much less than what the seller thought they were going to be able to put into their pocket. Sometimes much less. Unfortunately, we cannot expect to make a cash payment to the seller for the “fair market value” of their home and still pay the seller’s closing costs and repairs.
How much will Mr. Homebuyer pay for my home?
We are a private investment company that factors in many variables when purchasing a home. We look at the current market’s inventory, the repairs needed, and the costs involved in purchasing the home before we can actually make an offer.
Why should I sell Mr. Homebuyer my home?
Maybe you shouldn’t. Maybe your house is in great condition and you don’t mind listing the property with an agent and waiting to see if it sells. Maybe you don’t mind investing your time and money into repairing the home before listing it. There can be a number of reasons why you might not want to sell us your home. But, there may be some reasons why it would.
Mr. Homebuyer offers a fast and easy way to sell your home. If time and convenience are something that you are looking for then selling your home to us can be a great option.
Why shouldn’t I list my property with an agent?
Maybe you should. It all depends on your situation. However, here are a few reasons why you may not want to list your property with an agent. Realtor commissions will cost you around 6% of the sales price of your home. Closing costs will cost you between about 2 to 5 percent of the sales price of your home. Repair costs can be extremely expensive and time consuming to fix. While your house is on the market you are paying your mortgage, insurance and your bills. If your home doesn’t sell then you wasted time and money only to wind up right where you started. More than one-third of the homes don’t sell the first time they are listed.
How fast can Mr. Homebuyer buy my home?
Depending on your situation it can take ten days or even less.
Does it matter if I have a Realtor?
It doesn’t matter if your home is listed with an agent. But, keep in mind that you have an official contract with that agent and you are obligated to pay that agents commission at closing.
If I owe more than my house is worth can you still purchase my home?
It depends on how much you owe. There are instances where the bank you have the mortgage with will accept less than your loan amount. Feel free to call us for details.
Are there any risks involved with Mr. Homebuyer giving me a cash offer for my home?
There are no risks involved. We do not charge a fee for this service and you are under no obligation to accept the offer. If you have any other questions, please don’t hesitate to fill out the online form, or call us on our toll free number.