Frequently Asked Questions
Welcome to our Frequently Asked Questions (FAQs) section! We understand that you may have some questions as a seller, and we’re here to help. Below, you’ll find a list of commonly asked questions. If your particular question is not listed, don’t hesitate to give us a call at (612) 430-8822.
1. Who is Henry Home Buyer
We specialize in bridging the gap between homeowners and our extensive network of local real estate investors spanning various markets nationwide. By leveraging this network, we ensure that sellers can access higher cash offers and benefit from faster closings. Our investors operate on the ground, intimately familiar with their respective markets, allowing us to provide homeowners with a seamless and efficient selling experience.
2. Why choose Henry Home Buyer
We take immense pride in providing you with two key qualities: trust and transparency. Our approach revolves around employing straightforward mathematics to break down every financial aspect. This ensures that you have a clear understanding of why we offer the price we do and how much profit we anticipate. Our primary goal is to offer you the highest possible payment, leaving no doubt in your mind.
3. How does our process work?
- After submitting our form, we will promptly contact you to gather additional details regarding your property and engage in discussions about the financial aspects.
- Our team conducts thorough research on your property to assess its value accurately. We usually schedule an appointment to visit the property and personally meet all sellers involved. We may present our offer during the meeting or follow up with a phone call. Our offers are completely cost-free and carry no obligations.
- The closing process is tailored to align with your specific selling timeline, ensuring convenience for you. Once the closing takes place, you will receive cash in exchange for your house. It’s as simple as that!
4. What factors contribute to determining the price we offer for your house?
The price we offer for your house is determined through a thorough process. Firstly, we assess the after-repair value (ARV) by evaluating the potential market value of your house after necessary repairs. Our specialist inspects your home and calculates the required repair and refurbishment costs.
Additionally, we consider the selling costs, which include expenses for listing the house, holding and closing costs, fees, taxes, and commission. Typically, these costs amount to approximately 10% of the ARV.
To arrive at a fair price, we subtract the repair, refurbishment, and selling costs from the ARV and include our minimum profit. This calculation accounts for the additional expenses you would typically face when selling through an agent. However, with us, you can receive cash faster without the usual challenges associated with agent-based house listings. Traditional sales can take months to find a legitimate buyer, whereas our process streamlines the transaction.
5. Can I expect a fair price for my house from you?
Our primary objective is to ensure that homeowners receive a fair and satisfactory amount for their houses. We prioritize transparency and aim to provide hassle-free benefits, such as no hidden fees or repair requirements so that sellers can have a positive experience with our cash offer.
However, it’s important to distinguish between a fair price and the concept of market value. If the house requires updates or repairs, these factors are taken into account when determining our offer. In certain cases, we may explore “creative financing” options to tailor an offer that benefits both parties involved. Each time we present an offer, we provide comprehensive information about all potential opportunities available.
6. Are there any fees or commissions that I need to pay if I choose to work with you?
When working with us, you won’t incur any fees or commissions since we are not realtors. However, please note that we do cover fees and commissions when we sell the house after purchasing it from you. Our process involves three straightforward steps: evaluating the market value, considering repair/rehabilitation costs and selling expenses along with profit, and presenting the price to you. Once you approve the offer, we collaborate to select a closing date and sign the required documents with a trustworthy local attorney. By selling your house quickly, you can receive cash without any complications.
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Get the FREE Guide and then give us a call at (612) 430-8822 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.