Frequently Asked Questions
Have a few questions? Most people do. That’s why we’ve prepared this list of frequently asked questions (FAQs). But, if you still have a question after reading through these FAQs, don’t hesitate to shoot us an email through our contact page (or give us a call 202-968-2750).
Q: Are you actually listing my house on the MLS or buying it directly?
A: We’re not agents, and we don’t list houses. We buy houses Washington DC that fit our buying criteria. From there, we may repair the house and resell it to another buyer or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: We have to purchase a house below market value so we can resell it at a profit to another buyer. However, if you’re in foreclosure you likely don’t have equity… so we can often negotiate with the lender for a discount on the property. We do pay below the market rate for houses, but that is because, often, we buy houses that are not in pristine condition – houses with fire or smoke damage, that have liens against them, that have problem tenants. For these homeowners, we bring to the table a fast, no-hassle, all-cash offer. We can close quickly, are very flexible on terms of the sale, and will buy your house in any condition. If that’s what you’re looking for and you see the value in getting your house sold fast, let’s talk and see if we can come to a fair win-win price.
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Q: How do you determine the price to offer on my house?
A: Great question and we’re an open book. I’m glad you asked. Our process is rather simple. We look at the location, what repairs are needed, the property’s condition, and the value of comparable houses sold in the area recently. We take all this information into consideration and 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: One of the greatest benefits of working with us is that there are NO fees or commissions. We’ll make you an offer, and if it’s a fit, we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) to fix it up so it’s nice and pretty, market the house, and sell it for a profit. We’re taking all of the risks here on whether we can sell it for a profit or not once we buy the house from you. You get to walk away from a stressful, unwanted property. Our transparent process means you know what you’ll net from the sale. You don’t have to take out closing costs, commissions, costs for repairs, or other unnecessary fees. What we offer is what you get (after deducting payment toward whatever remaining mortgage is still there, of course).
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that someone will buy them. The average time to sell a property in many markets right now is 6-12 months. As you know, you pay a commission as a % of the sales price when you work with a real estate agent. Often times it’s 3-6% of the sales price (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months in many cases to sell and who have room to pay the commission on the sale. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of 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’s no obligation at all. Once you tell us a bit about your property, we’ll take a look at things. We might set up a call with you to find out a bit more. If we’re interested, we’ll 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… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
These are just a few of the frequently asked questions we receive at MB Home Buyers. If you didn’t see your question in our FAQs, feel free to reach out. We can answer any question you have.
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5 Ways To Stop or Avoid Foreclosure In Today’s Market – FREE Guide:
Need more information on the foreclosure process and How To Stop Foreclosure? Download our FREE Stop Foreclosure Guide here. Or, you can always feel free to contact us any time if you have questions, want a no-hassle Situation Evaluation, or just want to learn more about how we can help homeowners avoid foreclosure or sell unwanted properties for cash.