Frequently Asked Questions
Perhaps you have some questions – that’s completely understandable. Many homeowners do. Below, we’ve compiled a quick collection of some common questions people ask us, along with our detailed answers. However, if you still have a question lingering in your mind, don’t hesitate to reach out to us anytime. We’re here to provide you with the information and assistance you need, and we would be more than happy to address any inquiries you may have.
Q: Will you be listing my house on the MLS or actually buying it?
A: That’s a great question. Here at NRV Home Buyers, we operate differently from traditional real estate agents. We’re not agents, and we don’t list houses on the MLS. Instead, we are professional homebuyers who directly purchase houses in Christiansburg that meet our specific purchasing criteria. One of the advantages of working with us is that we don’t rely on bank financing, so you don’t have to worry about the deal falling through due to financing issues. After purchasing your house, we may choose to repair it and resell it to another homeowner, or we may decide to keep it as a rental property ourselves.
Q: How are you different from a real estate agent?
A: That’s an excellent question. Real estate agents typically list properties on the market and rely on finding a buyer through traditional channels. They showcase the property to potential buyers, which can take an average of 4-6 months in many markets. Once a buyer is found, the agent earns a commission, usually ranging from 3 to 6% of the sale price. For example, on a $100,000 house, you could end up paying between $3,000 to $6,000 in commissions to the agent.
While agents offer a valuable service, it’s important to note the key differences. We, on the other hand, are not agents – we’re home buyers. Our company purchases houses directly from homeowners like you. Because we buy with all cash and directly from you, we can make a decision to buy your house within a couple of days, sometimes even the same day. Our business model revolves around assuming the risk of buying houses with our own cash, handling any necessary repairs, and marketing the property ourselves to find a new buyer. This direct approach allows us to streamline the process and provide you with a faster, more efficient solution to selling your house.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Christiansburg Agent | SOLD To NRV Home Buyers | |
|---|---|---|
| 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: Our approach to pricing properties involves striking a balance between offering sellers a fair deal while also ensuring that we can generate a profit when we resell the property to another homeowner. It’s important to note that many of the houses we purchase are acquired below market value. This allows us to provide sellers with a quick, hassle-free sale while also enabling us to cover any necessary repairs or improvements and still make a profit upon resale.
While we aim to secure a fair discount on a property, we understand the value of transparency and integrity in our transactions. We recognize that sellers may not always expect a substantial windfall on their property, but they appreciate the benefits of selling quickly for cash, without the need for extensive repairs or agent fees.
Ultimately, our goal is to create a win-win scenario where both parties benefit. Our no-obligation pricing commitment ensures that you’re under no pressure to accept our offer if it doesn’t meet your expectations. We believe in open communication and collaboration throughout the process, so let’s explore if we can arrive at a mutually agreeable price that works for both of us.
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: We appreciate your question, and we’re committed to transparency in our process. Our approach to determining the price we offer on your house is straightforward and thorough. We carefully evaluate several key factors, including the property’s location, any necessary repairs or renovations, its current condition, and the recent sales prices of comparable houses in the area.
By analyzing this comprehensive set of data points, we can arrive at a fair and competitive price that aligns with market conditions and meets both our needs and yours. Our goal is to ensure that the offer we present to you reflects the true value of your property while also allowing us to proceed with the purchase in a mutually beneficial manner. If you have any further questions or would like to discuss our pricing process in more detail, please don’t hesitate to reach out. We’re here to provide you with the information and support you need throughout the selling process.
Q: Are there any fees or commissions to work with you?
A: We’re proud to offer a hassle-free and transparent selling experience that doesn’t involve any fees or commissions. When you sell your house directly to us, you won’t have to worry about listing fees or commissions eating into your proceeds. Unlike the traditional selling process, where sellers typically pay up to 6% in commissions, working with us means you keep more of the sale price in your pocket.
If our offer aligns with your needs and goals, we’ll buy your house without any additional fees or hassles. In fact, we often cover the closing costs as well, further simplifying the process for you. Our business model revolves around assuming the risks associated with repairing and reselling the property, allowing you to walk away without the burden of ongoing payments and with cash in hand.
We believe in providing sellers with a fair and straightforward solution to selling their house, without the hidden costs or complexities often associated with traditional methods. Your satisfaction and peace of mind are our top priorities, and we’re committed to ensuring a smooth and efficient transaction every step of the way. If you have any further questions or would like to learn more about how we can help you sell your house, please don’t hesitate to reach out. We’re here to assist you.
Q: Is there any obligation when I submit my information?
A:
We want to assure you that there’s absolutely no obligation when you submit your information to us. Our process is designed to be simple, transparent, and entirely pressure-free. Once you provide us with some details about your property, our team will carefully review the information and may reach out to you for further discussion.
We’ll then prepare an all-cash offer that reflects the fair market value of your house and is mutually beneficial for both parties. However, it’s essential to emphasize that the decision to accept our offer is entirely up to you. There’s no pressure or obligation to proceed with the sale if you’re not completely satisfied with the terms.
We understand that selling a house is a significant decision, and we want you to feel comfortable and confident every step of the way. Whether you choose to sell your house to us or explore other options, we respect your autonomy and will support you in making the choice that’s best for you. Your satisfaction and peace of mind are our top priorities, and we’re here to assist you in any way we can. If you have any further questions or concerns, please don’t hesitate to reach out. We’re here to help.
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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 540-585-1992. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.