Maybe you have a few questions. That’s okay; most people do. Here is a quick collection of some of the questions people ask us, along with our answers. If you still have a question, don’t hesitate to contact us anytime. We would be happy to answer it for you.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. Here at Corr Equity Holdings , we are professional home buyers: We buy houses that meet our purchasing criteria, and we don’t use bank financing so you don’t have to worry about our ability to close on a deal. After purchasing, we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope 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 4-6 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3 to 6% of the sale price of your house. If it’s a $100,000 house, you’ll pay between $3,000 to $6,000 in commissions to an agent.
Agents provide a great service for those that can wait 4+ months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different. We’re not agents, we’re home buyers. Our company buys the house directly from you. Since we pay with all cash and purchase the house from you, we can make a decision to buy your house within a couple of days (sometimes even 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.
SELLING TO CORR EQUITY HOLDINGS VS AN AGENT:
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Real Estate Agent | SOLD To Corr Equity Holdings | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by YOU the seller. Below is an example: ex: You sell a house for $100,000 that could be up to $6,000 out of your pocket or out of your net profit. | None. You will pay no fees or commissions with Corr Equity Holdings. Your dealing with the buyer directly therefore you do not need to pay an agent to find you a buyer chances are we found you! please note: if your a seller working with an agent we are happy to work with them. We can assist with factoring in how we can take care of them or how we can come up with their commissions for you. |
| Who Pays Closing Costs? | 2% on average is paid by YOU, the seller. | We will pay all closing costs. So you can keep that 2% in your pocket and the 3% to 6% you would have otherwise had to pay an agent. With us the money is YOURS to spend as you please. |
| Inspection & Financing Contingency*: | Yes, sales can fall through the lender can back out last minute for certain types of loans. Your dealing with big banks institutions it can take forever to get up the ladder to the right people for approval. | Yes, sales can fall through absolutely. However it is less likely with us because we are paying cash or hard money this allows deals to move quicker and increases the likely hood of closing. Our lenders are private so we are not at the mercy of big banks etc. |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. We do require a short inspection period, but that’s simply to verify the accuracy of the information provided by the seller. Sometimes sellers live out of state or haven’t been in the home for many years — we just want to make sure everything is ready to buy! |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. Usually we can close relatively fast. +/- 45 Days. |
| Number of Showings: | It depends but usually you have traffic coming in and out like a revolving door. If you live there that can be a nuisance. | We will work on your timeline with access for us or our investment partners. With your schedule and life in mind. |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer. Sometimes when not dealing with cash your dealing with appraisals and lenders backing out last minute from different times of loans that are not cash or hard money. | The date of YOUR CHOICE. If title is clear and ready we have closed deals in as fast as 7 days. The Average time to be transparent is 21-45 days (Green light from the title company will be needed that title is clear) Probate etc can slow things down slightly. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs — you’ll never be asked to do any. We factor everything into our offer. When we say As-Is, we mean it! You would be surprised at some of the homes we have made offers on. |
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value. We do this so we can resell it at a profit to another homeowner. We are looking to get a fair discount on a property. In our experience, many sellers aren’t necessarily expecting a large “windfall” on the property. Instead, they appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time, effort, or expense is required on your part to fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast, let’s see if we can come to a win-win price for both parties. Our no-obligation pricing commitment means that you don’t have to move forward with the offer we give… but it’s good to know what we’re offering!
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 versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
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 the value of comparable houses sold in the area recently. Taking the many pieces of information into consideration, we come up with a fair price that works for us and works for you, too.
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house: there are NO fees or commissions when you sell your house directly to us compared to listing fees, where up to 6% comes out of your pocket. We’ll make you an offer and, if it’s a fit, then we’ll buy your house with no hassles and no fees. We’ll often pay for the closing costs, too! We make our money after we pay for repairs on the house and sell it for a profit. We’re taking the risks here on whether we can sell it for a profit or not. Once we buy the house from you, the responsibility is ours and you walk away without the burden of the property and its payments, as well as cash in your hand.
Q: Is there any obligation when I submit my information?
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’ll let you decide what’s right for you.
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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
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Get your FREE Guide and then give us a call at 917-915-6255. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.