Frequently Asked Questions
If you have some questions. Here is a quick collection of some of the most frequently asked questions people ask us, along with our answers.
How does it work?
We eliminate intermediaries such as realtors, lenders, appraisers, and inspectors, allowing us to purchase your property for cash in any condition or location. Our process is fast, efficient, and hassle-free.
To begin, we conduct a detailed Comparative Market Analysis (CMA) to determine your property’s potential market value once renovated. Then, we visit the property to evaluate the required repairs and assess all associated costs for purchasing and selling it. You can avoid the costs, inconvenience of walkthroughs, open houses, multiple inspections, and extended listing periods typically associated with working with an agent.
Will you be listing my house on the MLS or actually buying it?
We are not real estate agents, and we do not list properties. At Lone Star Home Offers, we are professional home buyers specializing in purchasing homes in Texas. Since we don’t rely on bank financing, you can rest assured of our ability to close the transaction seamlessly.
What is the difference between you and a real estate agent?
A real estate agent helps you sell your house using the Multiple Listing Service (MLS), a marketing tool to get your home in front of prospective buyers. Often for months, you must endure many walkthroughs before you find the right buyer. Once the sale happens, you need to pay title fees, closing costs, as well as the agent’s commission.
We are direct buyers. Since we pay with cash and purchase the house directly from you, we can close within a couple of days. After rehab, we put the house back on the market and sell it for a profit. That’s how we make our money. When you sell to us, we cover inspection and closing costs, charge no commission, and pay you in cash. When you work with us, you enjoy a much quicker sale and less hassle.
Do you pay fair prices for properties?
We are always going to offer you a fair price for your property, that’s why we are an open book and break down every step.
How do you determine the price to offer on my house?
We evaluate your house’s after-repair value (ARV), its current condition, and the repairs that are needed. We subtract repair, refurbishment, and selling costs from the ARV and add in our minimum profit to arrive at the fair price we offer you. The amount is often close to what it would have been to sell your house traditionally when you subtract the additional expenses you would need to pay out of pocket. However, with us, you get the money faster in cash without the headaches usually associated with selling a house.
Do I need to prepare my house before you buy it?
The great news is that you don’t need to clean or repair anything in your house. Just leave it as is, and we’ll take care of it after we buy it. That’s one of the factors our clients love about selling to us.
Will you still buy my house if it is in poor condition?
Absolutely! Renovating and reselling properties is a key part of our business. When we purchase your home, we handle the necessary repairs and improvements to increase its market value, saving you the time, effort, and expense of doing it yourself. In the end, the net selling price you would achieve after completing the renovations on your own is just about the same as what you receive from us—without the hassle or delays.
Do I have to pay you a commission if I work with you?
There are no fees or commissions with us because we are not realtors. We pay fees and commissions when we sell the property after purchasing it from you. Our earnings come from the profit we generate after covering the cost of repairs and selling the property. We assume all the risks associated with the resale, including the uncertainty of whether the property will sell for a profit.
Is there any obligation when I submit my information?
There is absolutely no obligation. After you fill out the online form, we’ll start working on your offer. If, in the process, you decide this is not for you, you don’t have to pay anything. The decision to proceed is entirely up to you. Our offers come with no obligation but it is good to know what we can pay.
Do you still have questions? Don’t hesitate to communicate with us. We would be happy to answer them.
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