Frequently Asked Questions
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 help you.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. While we are real estate agents, we are not trying to list houses. Here at House Love, we are home buyers and renovators: We buy houses in Middle Tennessee 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 will love your house and may repair it and resell it to another homeowner or keep it as a rental.
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 3-6 months). Then the agent 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 $300,000 house, you’ll pay between $9,000 to $18,000 in commissions to realtors.
Agents provide a great service for those who can wait 3+ 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 focus on home buying. 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, update/repair the house, and market it ourselves to find a buyer.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling with An Agent | SOLD To House Love | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value because they need repairs and/or updating. We do this so we can renovate and resell the house at a profit to another homeowner. We are looking to get a fair discount on a property. In our experience, our buyers 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 or flexibly, let’s see if we can come to a win-win price. 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. Our process is very straightforward. We look at the location of the property, what repairs and updates 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 pay for the closing costs, too! We make our money after we pay for repairs and sell 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: Do you look for a certain type of property?
A: Great question. Yes, we typically look for the following:
- Built: 1950 or after
- Type: Single-family homes (no mobile or manufactured homes)
- Ownership: Owner-occupied or vacant
- Value: Between $50,000 to $1 Million
- Condition: Not in a flood zone
- Location: Most interested in Williamson, Davidson, Rutherford, Dickson, or Hickman Counties
- Foundation: No significant foundation issues
Q: Is there any obligation when I submit my information?
A: There is absolutely zero obligation for you. Once you tell us a little about your property, if it meets our buying criteria we’ll schedule a walk-through with you, and then follow up with an all-cash offer that’s fair for both of us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us. You decide what’s right for you.
Want To See How Much We Can Offer For Your House?
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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
Download our FREE Guide here and contact us anytime with questions or if you would like a no-hassle Situation Evaluation. Learn more about how we help Middle Tennessee homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at 6158619097. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.