FREQUENTLY ASKED QUESTIONS
We purchase from people who would like to sell their property quickly, without any repairs or contingencies. Here are just few of the reasons people sell to us:
- They inherited a property and want a hassle-free way to liquidate it.
- They have a rental property that has problematic tenants or is in need of repairs, or the work of managing has just gotten to be too much.
- They are moving out of state for a job or career opportunity.
- They are going through a divorce.
- Life has thrown them a curveball that prevents them from paying their mortgage and they are at the risk of foreclosure.
They do not want to deal with repairs or staging their property in order to sell it.
We buy single family homes, duplexes, multi-tenant buildings, and even some commercial properties.
Most of the properties we purchase are not in the best of conditions, making them more challenging to sell via the MLS. For example, the properties might be need of major repairs, such as foundation, roof, plumbing, or electrical problems.
We also purchase properties that might have negative associations for the homeowner, such as a loss of a loved one, divorce, or other tragedy.
Sometimes, the needs of a homeowner change over time and their property no longer serves their need, for example the property becomes too big, too small, inconveniently located, and so on.
Even if your property is not in need of repairs, but you would like to avoid the loss of privacy that comes with listing your property through a real estate agents (such as open houses and a parade of prospective homebuyers traipsing through your house), we’d still like to be of great help to you.
We Buy Houses all over the Capital Region. Towns we work in include:
- Albany, NY
- Altamont, NY
- Ballston Lake, NY
- Ballston Spa, NY
- Bethlehem, NY
- Clifton Park, NY
- Colonie, NY
- Delmar, NY
- Glenville, NY
- Guilderland, NY
- Halfmoon, NY
- Latham, NY
- Loudonville, NY
- Malta, NY
- Niskayuna, NY
- Saratoga, NY
- Slingerlands, NY
- Voorheesville, NY
Yes, if your property meets our investment criteria.
At other times, we also take over existing debt or buy with seller financing. This depends on your financial situation.
Sometimes, we are able to offer you a higher purchase price if you are in a position to seller finance, which would allow you to use your property to provide you with income after selling it.
We may still be able to purchase it but would need to understand more about your particular situation.
We buy houses in foreclosure and might be able to help you avoid the process.
It typically takes us 2-3 weeks to clear title on the property and can complete the purchase in that timeframe. If you would to stay in your property longer we can arrange that.
We examine the current condition of the property and look at what repairs are needed, how long they’re going to take, the sales prices for comparable properties, etc., to offer you a fair price for your property.
Please not that there are no commitments to working with us and receiving an offer – if you do not like what we are offering there is no obligation to move forward.
We have the flexibility to custom-tailor an offer for your specific situation, taking into account factors like:
- The location of the property
- The approximate cost of repairs and renovations required.
- How soon you would like to close.
- Your loan balance.
- Values of comparable houses sold recently in your area.
- The equity you have in your home.
- The amount of time it will take to renovate your house.
- The future “post-renovation” value of your house.
- The amount of real estate commissions required to sell your home after renovation.
- The cost of maintaining the house until it’s ready to sell, including insurance, utilities, taxes, loan payments.
- Your desire for an all-cash deal vs. your interest in seller financing or letting us take over an existing loan.
After we consider the factors above, we can give you an offer within 24 hours.
Real estate agents are middlemen. They list properties so they can attract as many potential buyers as possible to purchase it from. On the other hand, we purchase your property directly.
For their work as middlemen, Real estate agents charge you a commission to sell your property, typically 5-6% of the sale price. Capital Region House Buyers does not charge a commission.
Real estate agents typically market to homebuyers. The average property takes months to sell, and the buyer might want a variety of contingencies to proceed with the purchase, for example financing, repairs, or selling their own home first. Because we are real estate investors, we purchase your home as is, without any conditions.
When you are selling your property through an agent, you often have to make repairs and paint to attract potential homebuyers. You will also have to remove many of your personal belongings, such as family photos, because agents believe that homebuyers want to see their family, not yours, in the property. Your agent might want to hold some open houses, for which you will have to make your home spotless as many potential buyers walk through it. You also have to keep your home spotless “just in case” a possible buyer pops up at your doorstep and wants to look at your home.
As real estate investors, we don’t want to “list” your property. We are will buy your property as it is. We don’t charge you any fees or commissions. We don’t hold open house. We don’t make you remove your personal items.
Often within 24 hours we can make you a fast offer, and often we can close as quickly as in 2-3 weeks. We want you to have a fast, hassle-free, stress-free sale!
The reason we are able to purchase properties in different locations and conditions is that we have different options for what to do with it. For example, we may renovate the house and sell it to another home owner or keep it as a rental. One size does not fit all and we will provide you with the best offer we can.
As real estate investors, we invest time and money to repair and renovate the properties we purchase. We only make money once the house is sold or rented.
The current condition and potential value of your house will help us make a fair deal. We will give you a fair cash offer that is based on the expected market value of your house after we make any necessary repairs and renovations. Our offer is based on the time and cost of the renovation as well as our carrying costs until we sell or rent the property. We therefore buy at a discounted price.
Selling to us provides you a number of benefits when selling your property, such as:
- There’s no need to deal with realtors or realtor commissions.
- You maintain your privacy as there are no strangers walking through your house.
- We pay cash, so room for the delays from banks, and deals that don’t fall through because of financing.
- We buy “as it is,” so you don’t have to worry about repairs or cleanup.
- We close on your schedule when you’re ready (if you’re in a rush, we can close in as fast as 2-3 weeks, so you can move on).
We can cover closing costs.
Contacting us is risk-free and costs you nothing. We don’t charge a fee or commission for consultation or to simply discuss possible outcomes
Once you give us some necessary information to help us evaluate your property, we can either give you a call or email you, whichever you prefer. Provided we feel there’s a way forward, we’ll set up a meeting to see the house and then 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. There is no pressure and no harassment.
It’s all up to you and 100% your decision and we’ll allow you to decide what’s right for you.
We collect information from you when you fill out a form or submit property information.
We will use the information you provide us to communicate with you and to make you an offer on your property.