Frequently Asked Questions (FAQs)
We know your situation is unique. That’s why we’ll evaluate you and your home and find an easy custom solution that works for you.
Even if everyone’s circumstances are different, there are still some similarities. We tend to get a lot of the same questions from homeowners. Here’s a list of some of our most frequently asked questions.
Q: Are you actually listing my house on the MLS or buying it?
We’re not agents, so we don’t list houses. We’re real estate investors who buy houses in the Louisville area that we think we can profit from. After that, we either repair the house to sell it again or we keep it and rent it out ourselves.
Q: Will you pay me a fair price for my property?
We have to make a profit on the homes we sell. That means we purchase houses below market value. If you’re in a foreclosure, we understand that you probably don’t have equity. In those cases, we can usually negotiate with the lender for a discount on the property. We always want to get a fair discount on the properties we buy, so we can resell for a profit.
But, we also want to make the process easy for you. We close fast. We’re flexible on the terms of the sale, and we buy as-is and all in cash. We’ll make the process as painless and hassle-free as possible.
Q: How do you determine the price to offer on my house?
A: There are three main things we consider when determining the price of a house:
We think about where the house is located and how it compares to similar or recently-sold homes in the area. We also think about how the house is and what we need to do before we can resell. After a thorough consideration of all the factors, we come up with a fair price that works for both of us.
Q: Will I have to pay any fees or commissions to work with you?
A: There are no fees or commissions when you work with Sisters Who Buy Houses. If you accept our offer, we’ll buy your house. We usually even pay for the closing costs! There are no fees and no hassle. We market your house, sell it, and make a profit. Because we take the risks, you don’t have to worry about anything.
Q: How are you different from a real estate agent?
A: A real estate agent will list your property, hoping that someone else will buy it. Often, this process takes 6-12 months, and the real estate agent gets a commission from the sales price. Usually, that commission is 3-6% of the sale price. If your house sells at $100,000, you’ll end up paying $3,000-$6,000 to your real estate agent.
The problem with this is that you might not be able to afford to wait 3 to 6 months for your house to sell. Our company is different because we actually buy your house. We’re real estate investors. That means you get cash for your house right away. You can stop worrying. We will not list the house, but we will take care of any necessary repairs. Repairs allow us to maximize the value of the home.
Q: When I submit my information to you, is there any obligation?
A: There’s no obligation. After we know a little about your Louisville property, we’ll review your property, call you, and make you an all-cash offer. It’s 100% your decision what you end up doing. We want you to decide what is best for you and your situation.
Q: Will I have to pay closing costs?
A: In most cases, we will pay all the closing costs.
Q: Can you help me if I am facing foreclosure?
A: Yes! If we buy your house, that immediately stops the foreclosure process. As professional real estate investors, we’re very familiar with the foreclosure process. We can help you by discussing what your different options are at absolutely no cost. If we end up not buying your house for some reason, we can still refer you to a foreclosure prevention specialist.
Q: What happens if I lose my house in foreclosure?
A: Unfortunately, a foreclosure stays on your credit report for a minimum of 7 years. And, it will continue to negatively impact your credit for years after that. You should act immediately to prevent your house from being foreclosed on.
Q: Can you buy my house even if it needs repairs?
A: Absolutely! It’s very common for us to purchase homes in need of repairs. We will purchase your home in its present condition. We do all the repairs ourselves, so you don’t have to do anything.
Q: How quickly can you close?
A: We can usually close and pay you all cash in as little as 48 hours. We’re very flexible and can structure the closing around what works best for you and schedule.
If you have a question that isn’t answered above, contact us! Want to know more about our company and our process? We’d love to answer your questions by phone or over email.
You can call us at 502-273-0000 or email us using the form. We will return your call or email in 48 hours or less. If your question is urgent, please choose to call us, because we will respond faster to a call than to an email. If you want to share your experience with us, you can send us a note.
If you’re in search of a retail sale and/or you’ve already listed your property with a realtor, Sisters Who Buy Houses may not be the company for you. Our customers are facing difficult situations and need a fast, fair offer. We buy, repair, market, and sell all by ourselves. And we do it fast! Our team is completely focused on helping you.
We have the resources, experience, and ability to turn a tough situation around. We want to make your life easier. As we’ve already helped many other homeowners, we’d love to help you too. If you’re not sure if Sisters Who Buy Houses is right for you, give us a call. We’d love to figure to help you find best fit for your situation is, whether that’s us or someone else.