Frequently Asked Questions about the Bay Area Home Buyers Network
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. If you want to sell your home the traditional way, by listing it for sale and putting it on the MLS, we can help you with that. But if you’d prefer to sell your home off-market the quick + easy way to one of our Bay Area Home Buyers Network, we can bring you one more more offers for your home in short order.
Q: Who exactly are these Bay Area Home Buyers Network?
A: We have a wide variety of home buyers in our network (it’s free to join, in case you know anyone). Network members include larger, well-funded corporations, smaller LLCs, mom-and-pop real estate investors. Many of our home buyers are looking to buy homes, rehab them, and resell them for a profit. Some of them will be looking to buy and hold on to the properties for the long term as rentals. We also have a number of people looking to buy a home for their primary residence where they want to live for many years. In short, we have a wide variety of potential buyers for your home!
Q: Do your buyers pay fair prices for properties?
A: Many of the houses our buyers purchase are below market value. That’s because when a home is sold off-market, there are no competing market forces to really bring the home up to market value. Many homeowners who are looking for a quick + easy sale area also looking for the highest price possible, but may be willing to accept something less in exchange for much less hassle. At the very least, we will bring you options, and you can decide which if any make sense to you.
Q: How do you determine the price to offer on my house?
A: Great question! We don’t determine the offer price on your house. We can discuss with you the range of prices of the offers you’re likely to receive, but the actual offers themselves will come from our network of buyers. These buyers are a mixture of private individuals and LLCs and each would make their own offer based on their own determination of value for your property.
Q: Are there any fees or commissions to work with you?
A: That depends! Some of our buyers will make offers directly to you and neither party will have professional representation. In these cases, there usually won’t be any fees or commission to pay. However, many buyers and sellers, for a variety of reasons, may choose to be represented in some capacity by a real estate broker, in which case some fees or commission will likely be charged. In the event of an off-market sale where the broker or brokers are bringing the parties together and helping to facilitate the sale without the traditional marketing costs, the total commission charged may be considerably less than you may expect.
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, set up a call with you to find out a bit more, and make you a quick + easy offer that’s fair for you and one of our buyers. From there, it’s 100% your decision on whether or not you’d like to sell your house to one of our buyers.
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