Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. So here’s 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 (or give us a call) and we’ll be happy to answer it for you.
Q: Where do you buy houses?
A: We currently buy houses and apartment buildings (12+ units) in the following cities/areas in Southern Ontario, Canada:
- Greater Toronto & Hamilton Area (GTHA),
- Niagara Region
- Kitchener-Waterloo-Cambridge (Tri-city AKA Tech Triangle of Canada)
- We buy apartment buildings with 12+ units anywhere in Ontario!
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re direct professional homebuyers, not real estate agents. We don’t list houses ourselves. We buy houses Hamilton that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner, sell our contract to another buyer or buy it keep it as a rental property.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on the property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of 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…Let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!).
The discount is usually at least 10% off market value but if you sold the traditional way you would already be paying 5%+ HST for commissions, have to endure showings, potentially wait months to get your money, may have to spend money/time on minor/major repairs, home inspection, bank appraisal, the buyer may or may not qualify for a mortgage, and it may not even sell after all that!
We do expect that once we make you an offer, you are able to give us a clear Yes or clear No to our offer. We do NOT leave open-ended offers and prefer not to get into bidding wars with other buyers.
[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… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself. Head on over here download your free guide →]
Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the values of comparable houses recently sold in the same area. We take many pieces of information into consideration… and come up with a fair price that works for us. Worst case, you don’t love our offer and we thank you for your time and allowing us to make you an offer. If you like our offer, we can keep talking and discuss next steps.
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 to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house. No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it 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… and often with cash in your hand).
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 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is (4% – 6%) + HST of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $4,520 – $6,780 in commissions to an agent). Agents provide a great service for those that can wait 6-12 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’re not agents, we’re home buyers. 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 is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and 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.
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Get the FREE Guide and then give us a call at (647) 699-1354 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.