Here is a compilation of frequently asked questions from sellers like yourself. If you don’t find your specific question addressed here, feel free to contact us at (585) 940-2447 or fill out our “Contact Us” form, and we’ll be happy to provide answers to any inquiries you may have.
1. How is using I Buy Homes Rochester different from selling my house with the help of a real estate agent?
A professional real estate agent skillfully manages the sale of your home, leveraging powerful tools like the Multiple Listing Service (MLS) to showcase your property to a broad audience of potential buyers. This comprehensive process often involves multiple property showings, spanning weeks or even months until the right buyer is found. After a successful sale, various expenses, including title fees, closing costs, and the agent’s commission, are typically incurred.
On the flip side, as investors, we present a compelling option with a swift cash purchase for your property or by identifying alternative buyers who share our efficiency. After revitalizing the property, we reintroduce it to the market, ultimately selling it to generate profit, which serves as our revenue source. Opting to sell your house to us means we cover expenses related to inspections and closing, and you won’t be burdened with any commissions. Our offer includes a direct cash payment, eliminating the need for a real estate agent and the additional costs associated with their services. This not only results in a faster sale but also simplifies the process, providing you with a more streamlined and hassle-free experience.
2. How do I know this is the best course of action for me?
Opting for traditional real estate avenues to sell your property often results in a prolonged and intricate process. This includes managing inspections, addressing necessary repairs, and accommodating a continuous stream of potential buyers visiting your property. The initial asking price may fluctuate based on negotiated repair costs between you and the potential buyer.
In contrast, we conduct a thorough evaluation of your unique situation and cover all upcoming costs associated with selling your property. This approach allows us to present a fair proposition, swiftly freeing you from the property.
Even if your property is in excellent condition, choosing a fast sale remains an appealing option. Following our comprehensive assessment, we can provide tailored advice on whether involving a traditional real estate agent would be more advantageous for your specific circumstances.
3. Who are you?
Welcome to I Buy Homes Rochester, a well-established presence in the real estate sector, boasting a rich history of assisting numerous sellers. Recognizing that the decision to sell a home is significant, we acknowledge the uniqueness of each individual’s circumstances. Through our strong network of associated investors, we are unwavering in our commitment to finding the optimal solution and crafting an offer tailored precisely to your needs.
Transparency forms the cornerstone of our principles. Our dedicated team and I are committed to providing honest assessments of your property, always ready to guide you toward a more suitable alternative if our offer doesn’t align with your best interests. Rest assured, there are no obligatory commitments to avail our services, and we don’t acquire every property presented by potential sellers. For a deeper understanding of our operations, we invite you to explore Our Company page. Our pride lies in our unwavering reliability, our dedication to transparent and personable communication, and the wealth of expertise we bring to the table.
4. How does it work?
In our firm, we streamline the property selling process by eliminating intermediaries such as real estate agents, lenders, appraisers, and inspectors. Specializing in swift and trouble-free cash acquisitions of diverse properties, including houses, condos, apartments, and land, irrespective of their condition or location, our approach is straightforward. We commence with a thorough market analysis (CMA) to determine your property’s value after it undergoes modern HGTV-standard renovations. Following this, we arrange a property inspection to evaluate necessary repairs and ascertain the costs associated with buying and selling your property.
To sustain our operations, we include a reasonable profit margin, committed to maintaining it at a minimum level to ensure a mutually beneficial deal for all involved parties. Instead of prioritizing substantial profits to the detriment of homeowners, our focus is on aiding a wider range of individuals with modest margins. Transparency is a fundamental aspect of our approach, and we provide you with a comprehensive breakdown of the transaction.
By opting for our services, you can sidestep expenses, the inconvenience of property showings, open houses, multiple inspections, and the prolonged listings commonly associated with traditional real estate agents. For additional inquiries or a deeper understanding of our all-cash, as-is transactions, please explore our How it Works page. Feel free to contact us through a call or text at (585) 940-2447. Even if purchasing your property doesn’t emerge as the best option, we are more than willing to assist you in your selling endeavors!
5. Why should I choose your company?
At the core of our service, we take immense pride in offering you trust and transparency. We firmly believe in breaking down every financial aspect with straightforward mathematics, ensuring you have a clear understanding of both the proposed price and the anticipated profit. Rest assured, our primary goal is to provide you with the highest achievable payment. Additionally, we present a comprehensive overview of the time and money you save by selling your property to us. Our unwavering commitment to honesty and fairness has earned us an outstanding reputation throughout New York.
Without indulging in self-praise, we’ve positioned ourselves as the premier cash homebuyer in New York. Our approach revolves around treating clients with the utmost integrity and respect, establishing us as the foremost experts in cash home purchases in the region. We genuinely care about your timeline, concerns, and terms, striving to present an offer that leaves you genuinely content. Our extensive network of investors and partners is devoted to facilitating a smoother and swifter transition to the next chapter of your life.
6. What do you do with my house once you buy it?
Upon acquiring your property, our initial move is to initiate the refurbishment process, addressing any necessary repairs and renovation tasks to elevate the property to standards akin to those featured on HGTV. Subsequently, we collaborate with a trusted agent to list and oversee the sale of the property, covering all associated expenses, including repairs, closing costs, fees, and commission. Ultimately, we derive contentment from the modest profit generated, enabling us to persist in aiding other clients in their streamlined property selling endeavors. We take immense pride in our role, making positive contributions to communities and the economy by enhancing the value of neighborhoods throughout the state.
7. How many houses do you buy?
Central to our business model is the acquisition of multiple properties, allowing us to offer you the most favorable price. While our profit margins may be narrower, the cumulative impact is substantial, thanks to our extensive client base. This approach ensures benefits for everyone, enabling us to assist a wider range of individuals and positively contribute to the communities we serve. In cases where a direct purchase of your property is not feasible, one of our investment partners may step in. We collaborate with seasoned professionals in the house flipping industry, and throughout the closing process, we enlist the services of local, reputable attorneys to ensure a smooth and expedited selling experience for you.
8. How is the price you pay for my house determined?
Our process commences with an assessment of the after-repair value (ARV) of your property, representing its potential market worth once we complete the necessary renovations post-purchase. An on-site visit by our specialist is conducted to accurately gauge the required repair and refurbishment expenses.
Additionally, we factor in the costs associated with selling the property. While you are fortunate to bypass the need for an agent when selling to us, we engage their services for listing the property after the purchase. We also take on all holding and closing costs, fees, taxes, and commissions, typically amounting to approximately 10% of the ARV.
Following this, we deduct the ARV’s repair, refurbishment, and selling costs, incorporating our minimum profit margin. This calculation allows us to determine a fair price to offer you. Frequently, this sum is comparable to what you would receive when selling your property through traditional means, considering the additional out-of-pocket expenses typically associated with using an agent. However, with us, you can receive the payment in cash more swiftly, avoiding the conventional challenges of selling a property through an agent and listing. In traditional methods, securing a legitimate buyer can sometimes take months.
9. Do you pay a fair price?
Our steadfast dedication to maintaining an outstanding reputation and upholding the highest standards of integrity ensures that we consistently provide you with a fair and equitable price. We adhere firmly to transparency and utilize straightforward calculations to outline each aspect, offering you a precise understanding of how every dollar is allocated and the rationale behind our proposed price. The equation involves assessing your property’s market value, considering the necessary repairs and post-purchase renovations, and then deducting the expenses related to these enhancements, along with all associated selling costs. Our modest commission is subsequently factored into the remaining balance, resulting in the cash offer we present for your property.
10. Do I need to clean my house before you buy it?
An outstanding aspect of our process is that you don’t have to concern yourself with cleaning or repairing any aspect of your property. Simply leave it in its current state, and we will handle all necessary aspects after the purchase of your home. This convenience stands as one of the advantages our clients truly appreciate when opting to sell their properties through this streamlined process.
11. Will you still buy my house if it is in poor condition?
Certainly, house flipping is a fundamental component of our business strategy. Our goal is to enhance the property’s market value through necessary repairs and improvements once we acquire it. This approach relieves you of the responsibility of managing these tasks independently, yielding a selling price comparable to what you would receive from us but without the extended challenges. Although the transaction typically takes about a month, there are instances where we can conclude it in as little as two to three weeks. Our aim is to streamline the property selling process and guarantee a seamless experience for you.
12. Wouldn’t it be easier to list my house with an agent on MLS?
While there are instances where involving an agent and listing your property across various platforms is a viable option, it often results in a prolonged and cumbersome process. Managing a continuous flow of potential buyers touring your property can become exhausting. Additionally, accommodating appraisers and inspectors and handling repairs independently can be laborious tasks in your pursuit of achieving the desired selling price.
Certainly, opting for renovations may boost your asking price, but it can entail substantial expenses that you have to bear on your own. Enduring weekend open houses and the persistent stress of possibly lowering your price after weeks or even months of no success can be incredibly taxing. Moreover, even after identifying a buyer, the closing process itself can extend over several weeks.
In contrast, we offer a prompt and trouble-free solution to help you attain the desired cash amount for your property. Our approach ensures a speedy transaction, allowing you to move forward in your life without unnecessary delays or worries.
13. Will you list my house on the MLS?
Absolutely not, we don’t list our clients’ properties on the Multiple Listing Service (MLS). We don’t operate as real estate agents helping find buyers for your property. Instead, we function as the buyers ourselves! Through collaboration with your input, we formulate the most favorable offer and present it to you. We manage the entire process from start to finish. After acquiring your property, we handle any necessary repairs and subsequently sell it to generate a profit. Meanwhile, you can receive cash, avoiding unnecessary delays. We provide you with a detailed breakdown of the intricate calculations involved in determining the offer, ensuring that you are well-informed and satisfied with the outcome.
14. Should I just list my house with an agent?
Choosing to list your property with a real estate agent can be a reasonable decision, depending on your timeline and the extent of required repairs. However, it has the potential to become a frustrating and demanding process, encompassing prolonged showings, inspections, and possible financing obstacles that might extend the selling process over several months. If you are in search of a faster and more hassle-free alternative, I Buy Homes Rochester presents a solution. We deliver a streamlined and professionally managed experience that guarantees a prompt transaction, providing you with cash in hand while relieving the stress commonly associated with traditional selling methods.
15. How do I sell my house quickly for cash?
Our specialization lies in the prompt acquisition of properties for cash. We initiate the process by engaging in a comprehensive discussion about your property and its location, aiming to determine its maximum market value. Subsequently, we arrange a walkthrough to evaluate any necessary repairs and renovations. By accounting for the costs linked to these repairs and the selling process, we deduct them from the market value and incorporate our fair share. Following this calculation, we present you with an offer that we believe will be highly satisfactory. The most alluring aspect is our capability to complete the transaction in as little as 21 days, ensuring that cash is promptly available to you. This approach eliminates the extended waiting periods and complexities often associated with engaging an agent and listing your property.
16. Do I have to pay fees and commissions if I work with you?
When choosing to collaborate with us, you can dismiss any concerns about fees or commissions because we don’t function as real estate agents. Fees and commissions only come into play when we sell the property after acquiring it from you. Our process for providing you with a price for your property comprises three straightforward steps: first, we determine the market value; next, we assess the expenses associated with repairs, renovations, selling, and profit; and finally, we calculate the price and present it to you. Upon your approval, we proceed to mutually select a closing date and complete the necessary paperwork with the assistance of a trusted local attorney. This way, you can swiftly sell your property and receive cash in return, free from any additional expenses.
17. Am I obligated to do business with you once I fill out the form?
After completing the form, you are not obligated to proceed with us. Even if we initiate the process and you later decide it’s not the best fit for you, there are no associated costs. While we are confident that you will recognize the value in the service we provide, we respect your decision if you choose to explore other options. Our primary goal is to help you find the solution that best aligns with your needs. Our earnings come exclusively from the profit generated after we purchase your property and successfully sell it on the market.
You might have several inquiries, and that’s completely understandable; it’s a common situation. Here’s a concise compilation of some of the questions we commonly encounter, along with our insightful responses. However, if your specific question isn’t covered, please don’t hesitate to reach out to us (or simply give us a call), and we’ll be more than happy to assist you with your curiosity.