Frequently Asked Questions
It’s natural to have questions, and we understand that. Most people do. To help, we’ve put together a list of frequently asked questions we get, along with our responses. This should give you a good starting point. However, if there’s anything else you’re curious about or if you have more questions, please don’t hesitate to reach out to us. We’re here to provide the answers you need and make sure you’re completely comfortable and informed. Your peace of mind is important to us, so we’re always ready to chat and clear up any doubts.
Q: Will you be listing my house on the MLS or actually buying it?
A:
Here at Elite Home Buyers , we stand apart from traditional real estate agencies. Our specialty lies not in listing homes but in purchasing them directly, with a keen focus on properties in Crystal Lake. Yes, you heard it right — we’re in the business of buying houses right here in Crystal Lake, targeting homes that meet our specific acquisition criteria. What sets us apart is our approach to transactions; we leverage our own capital to buy homes, bypassing the complexities and delays often associated with bank financing. This strategy allows us to ensure a smooth, swift, and efficient closing process for you, the homeowner.
Upon acquiring a property, our plans for it can vary. We might refurbish the house, infusing it with new life before passing it on to a happy new homeowner, or we might integrate it into our portfolio as a rental property. Our core mission is to streamline the sale process for Crystal Lake homeowners, offering a straightforward, stress-free alternative to the traditional home selling experience.
If you’re in Crystal Lake and thinking, “I need to sell my house quickly,” you’ve landed in the perfect spot! Here at Elite Home Buyers , we distinguish ourselves from the conventional real estate scene. Unlike traditional agents who list your property and wait, we specialize in purchasing homes directly from homeowners like you, swiftly and efficiently. Our focus is on properties that fit our purchase criteria, and we pride ourselves on our cash transactions. This approach bypasses the need for bank involvement, streamlining the closing process to meet your needs for speed and reliability.
Our method is straightforward: we buy your house in Crystal Lake with our own cash. After the purchase, we might refurbish the property and sell it to someone looking for a new home, or we might add it to our rental portfolio. Our primary aim is to make the sale of your home as smooth and stress-free as possible, especially for those looking to sell quickly.
While real estate agents can be an excellent option for those who have the luxury of time (typically around four months or more) and don’t mind paying out commission fees, our business model caters to a different need. We are professional home buyers, not agents, meaning we purchase your house directly from you, with cash. This enables us to make rapid decisions, often within days, or sometimes even on the same day you contact us. By investing our own resources to buy and then potentially renovate and resell homes, we take on the risk directly, offering you a fast, hassle-free way to sell your house without the long waits and extra fees associated with traditional real estate transactions.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Crystal Lake Agent | SOLD To Elite Home Buyers | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: Do you pay fair prices for properties?
A:
It’s true, we often purchase homes at a value that’s below the current market rate. This strategy enables us to invest in necessary renovations and improvements, ultimately allowing us to sell these homes for a profit to individuals on the lookout for their next home. Our goal during negotiations is to arrive at a fair discount on properties. Based on our experiences, we’ve found that many homeowners prioritize the speed and simplicity of the sale over making a large profit. They particularly appreciate our fast, cash transactions that eliminate the waiting period for bank financing. Furthermore, homeowners value the convenience of not having to invest time, money, or energy into repairs or navigating agent fees.
If your priority is a speedy sale and a straightforward process, and you’re receptive to a fair agreement that serves both parties well, we’re here to start the conversation. We provide a no-pressure, no-obligation quote, giving you full insight into your options. This way, you can make an informed decision that’s best for you. Even if you decide against selling to us, at least you’ll be fully aware of the offer we’re prepared to make. Let’s explore how we can help you move forward quickly and with ease.
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 versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: How do you determine the price to offer on my house?
A:
We believe in transparency and simplicity when it comes to how we make an offer on your house. Our process is straightforward and fair, focusing on several key factors:
- Location: The specific area where your property is located plays a significant role in determining its value. Different neighborhoods can have vastly different market conditions.
- Condition and Repairs Needed: We take a close look at the current state of your property and estimate the cost of necessary repairs. This helps us understand the investment needed to bring the house up to market standards.
- Current Market State: We assess the property’s current condition in relation to the broader market trends and the recent sale prices of similar homes in your area.
- Comparative Market Analysis: By comparing your home to similar properties that have recently sold nearby, we can gauge a competitive price that reflects the current market.
Combining these elements allows us to formulate an offer that is fair to you while also making financial sense for us. Our goal is to forge a deal that leaves both parties feeling satisfied. We’re committed to offering you a proposal that is straightforward and considers your needs, ensuring you feel confident and secure in the transaction.
Q: Are there any fees or commissions to work with you?
A:
What distinguishes our approach from the traditional method of selling your home is the absence of any fees or commissions on your part. Typically, in a conventional sale, you might find yourself giving up as much as 6% of the sale price to cover listing and agent fees. However, when you sell directly to us, those expenses simply vanish. We present you with an offer, and should it align with your expectations, we proceed to purchase your house directly. This process is designed to be smooth and straightforward, devoid of any hidden costs. In numerous instances, we also take care of the closing costs, further minimizing your financial obligations.
Our business model is based on purchasing homes, undertaking any necessary renovations, and then selling them at a higher price point. This strategy allows us to absorb all the risks associated with the resale of the property. After we buy your house, we assume full responsibility for it, including any challenges that might arise in selling it for a profit. This shift of burden means that once the sale is complete, you can move forward without the worries of ownership, maintenance costs, or ongoing mortgage payments, not to mention with additional cash in hand. This hassle-free, no-extra-cost approach sets us apart and provides you with a clear, uncomplicated path to selling your home.
Q: Is there any obligation when I submit my information?
A: With us, you’re always in the driver’s seat, free from any commitment. Simply tell us a bit about your property, and we’ll take a close look at the details. We may also touch base via a brief call to better understand your circumstances, enabling us to tailor an all-cash offer that’s equitable for both parties. Once we’ve made our offer, the next move is entirely up to you. You have the autonomy to decide whether selling your house to us aligns with your needs. There’s no pressure and no obligation; the choice is wholly yours. Our role is to provide you with an alternative solution, offering peace of mind and flexibility, but ultimately, you decide what’s best for your situation. We’re here to support your decision, whatever it may be.
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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
Download our FREE Guide here and contact us anytime with questions or if you would like a no-hassle Situation Evaluation. Learn more about how we help Crystal Lake homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at 224-267-9324. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.