FAQs
Frequently Asked Questions!!
Maybe you have a few questions. That’s okay; most people do. Here is 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 anytime. We would be happy to answer it for you.
What is the timeline for a typical cash sale when you sell your house?
Most homeowners who sell their house to us close in 7-14 days. Some get cash in 72 hours when urgency exists (like stopping a foreclosure). Others prefer 30+ days to coordinate their move. We buy houses on YOUR timeline. The paperwork takes about 30 minutes to sign, and your cash arrives via wire transfer the same day as closing.
How does selling for cash affect my tax situation?
The IRS treats cash house sales just like traditional sales. You might owe capital gains tax if you sell your house for more than you paid (minus improvements). Many sellers qualify for the $250,000 single/$500,000 married tax exclusion if you lived in the house for 2+ years.
Can I sell a house as-is for cash?
Yes! We buy houses completely as-is. Our team purchases properties with foundation issues, mold problems, fire damage, structural concerns, plumbing disasters, electrical nightmares, all of it! Our renovation team handles even the scariest property problems after you get your cash.
How do cash buyers determine their offer price?
We buy houses based on their After Repair Value (ARV) minus repair costs and a reasonable profit margin. Our -specific formula considers neighborhood trends, recent comparable sales, current condition, and renovation costs. Ben personally examines every property and applies his decade of renovation experience to create fair cash offers.
What happens at the cash sale closing appointment?
You show up, sign papers, and get cash! Day 3 Home Buyers arranges everything at a reputable title company. The process takes about 30 minutes. You sign the deed transfer and a few standard forms. The title company wires your cash payment directly to your bank account, often the same day.
What happens at the cash sale closing appointment?
We buy homes with just one quick walkthrough. Our experienced team evaluates your property on the spot. Our cash offers already account for the property’s condition. We aim for certainty from start to finish so your closing date stays firm with us.
How much earnest money do cash buyers provide?
Day 3 Home Buyers typically deposits $100-$1,000 earnest money with the title company after you accept our offer. This good-faith deposit becomes part of your cash payment at closing. We buy houses with guaranteed funds. Our earnest money shows our commitment while protecting you if genuine emergencies arise.
What benefits will you get when you sell your house as-is?
When we buy properties in , you skip months of traditional sale headaches. You sell your house as-is, choose your closing date, pay zero fees, and walk away with cash. Our sellers consistently rate “peace of mind” as the top benefit of working with Day 3 Home Buyers.
How do you determine the price to offer on my house?
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 values of comparable houses sold in the area recently. Taking the many pieces of information into consideration, we come up with a fair price that works for us and works for you, too.
Will you be listing my house on the MLS or actually buying it?
Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Houston that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Do you pay fair prices for properties?
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 a property. In our experience, many sellers aren’t necessarily expecting a large “windfall” on the property. Instead, they appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time, 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 win-win price for both parties. Our no-obligation pricing commitment means that you don’t have to move forward with the offer we give… but it’s good to know what we’re offering!
Are there any fees or commissions to work with you?
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 directly to us. We’ll make you an offer and, if it’s a fit, then we’ll buy your house with no hassles and no fees. We’ll often pay for the closing costs, too! We make our money after we pay for repairs on the house 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, as well as cash in your hand.
How are you different from a real estate agent?
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 3 to 6% of the sale price of your house. If it’s a $100,000 house, you’ll pay between $3,000 to $6,000 in commissions to an agent.
Agents provide a great service for those that can wait 6 to 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 buys the house directly from you. Since we pay with all cash and purchase the house from you, we can make a decision to buy your house within a couple of days (sometimes even 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.
Is there any obligation when I submit my information?
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. We’ll let you decide what’s right for you.
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