Frequently Asked Questions –
Learn How and Why We Buy Houses in Virginia and what Sell Simpli can do for you!
Q: What can I expect to get for my property in cash?
A: Great question! Most houses we buy in CASH must be purchased below market value. If you are looking or expecting market value for your property Contact Us about alternative solutions to sell your home or ask for a referral. The reason we must buy below market value is that you are paying for the ease and convenience of a fast no hassle transaction. This means paying no realtor fees (4-6%) or holding open houses. Not having to leave the house on nights and weekends to allow groups of people to view the inside of the property. No additional costs associated with holding the property (think mortgage, utilities, etc) while you wait for it to sell. You sell the property ‘as is’ with no updates repairs needed. In fact, only move the items you want to keep and leave the rest of your junk and worries behind! In addition to these benefits, we also have expenses such as marketing, operational overhead and transaction fees associated with running our business. It is for these reasons we have to buy below market value. We find that people in a pinch 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. If you are looking for the convenience of selling for cash but want market value, still give us a call, we can find other solutions that may work in your favor as well!
Q: So how do you determine the price to offer on my house?
A: Our process is very simple when it comes to dollars and cents. We take pride in being transparent with our offers and our plans for the property throughout the process. When we buy houses in Virginia we look at three things. Number one is location. Where is the property located? Is it on a main road vs a private street? What is the access to the property like? Paved or dirt road, garage or street parking? What is the lot like? What do the neighboring properties look like? Number two is condition and repairs. What is the condition of the roof, major systems and foundation? What is the overall condition of the property? When was the last time the kitchen and baths were updated? Have there been any other updates or additions recently? And lastly values of comparable houses. What are other houses with similar size, bed/bath counts, and condition/location selling for? What are houses of similar size and location selling for at the top end of the market? Taking the many pieces of information into consideration, we come up with a price that works for us and hopefully works for you, too. If you’re not happy with our offer, please tell us why, perhaps there is something we missed or another solution we can provide.
Q: Will you be listing my house on the MLS? What do you plan to do with it?
A: No we will not be listing your house on the MLS. We are professional home buyers: We buy houses in Virginia that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental property ourselves. We may also find an end buyer prior to closing and assign the purchase to the end buyer for a fee.
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: Are there any fees or commissions to work with you?
A: This is what’s great about selling your property to Sell Simpli vs. the traditional route of selling with an agent: there are absoloutely NO fees and NO commissions when you sell your house directly to us. We will make you an offer based on our assessment of the value and repairs needed. If it’s a fit and we can agree on a price, we buy your house with no hassles and no fees. We will do all of the heavy lifting and we will often pay the closing costs, too! Once we purchase the property, the responsibility is ours and you walk away without the burden of the property and its payments, as well as cash in your hand.
Q: How are you different from a real estate agent?
A: A real estate agent will charge a fee for you to allow them to list your property on the open market and HOPE that someone comes along to buy it. It may take weeks or even months for the agent to show the property to prospective buyers (if there are any) and then take a percentage of the sale price if they find a buyer. The agent’s commission is typically 4 to 6% of the sale price of your house. Meaning if you sell the house for $100,000, you’ll pay between $4,000 to $6,000 in commissions to an agent.
Agents provide a great service for those that can afford to wait weeks or months to sell and who don’t mind showings, open houses and paying the commissions at the end. But that’s why we’re different. Our company buys directly from you. Since we are local and we buy houses in Reston and surrounding areas and often pay with cash, we can make a decisions quickly (sometimes even the same day). 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.
Q: Why happens when I submit my information? Do I have to sell you my house?
A: There is absolutely zero obligation in contacting us. We just want to understand your situation, hear a little bit about the house and if it’s a good fit. If we think we can find a solution that works for you we will schedule a time to come and take a look at the property. Once we have all of the information we need depending on what you can provide in the initial call, we can 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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Learn The Pros and Cons Of Selling Your House To 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 Reston homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at 703-544-7516. We would love to discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.