Great question. We are the actual buyers so we do not list your property for sale on the MLS. We are professional home buyers and we buy houses Dallas that meet our purchasing criteria. If you think you’d prefer to list your property, however, we do have an agent on our team who would be happy to do so for you!
Yes! As real estate investors, we are looking for properties that we can purchase below top market value. Our goal is to find properties that are distressed so that we can put money and time into repairing the property and making it look like new so we can sell it for a profit. The level of the discount that we need depends on the amount of repairs the property needs to make it look like new and sell for the highest value later down the road. If your property has been recently updated and you are in no rush to sell it and you do not mind paying the holding cost, it may be in your best interest to list it on the MLS. However, if your property needs a lot of work, this may deter retail buyers from wanting to purchase it because they would then have to fix it up their selves. So the discount that we base our offer on depends primarily on the amount of returns the property needs. Since we do buy houses from the MLS sometimes, we know that our offers are very competitive because we end up winning the bid! In the end though, our promise to you is that we will give you the highest cash offer possible so that it is a win-win for both you and us! (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
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Click Here to learn more about the pros, cons, cost and timeline of selling your house to a real estate investor compared to listing with an agent (or selling it yourself).
Our process is very straight forward and simple. The first step for us is to determine what we think your house will be worth after we make an investment into repairing the property. We refer to this number as the ARV (After Repair Value). We determine the ARV of your property by looking at the values of the recently sold properties, which we call “comps” or “comparables.” The comps we use are properties that have been remodeled and that are in the same neighborhood/subdivision/area, that are roughly the same size, and that were built around the same time. We take into consideration other factors like if the property has a pool or if it sits on a major road, and use averages from the comps to determine our ARV. Once we have an ARV we estimate the amount of repairs that will be needed in order to sell the property at the previously determined ARV. We then look at what are holding costs for the project will be, which includes taxes, insurance, etc. With all this information we can then determine what a fair cash offer will be that will get you cash into your pocket and leave us with enough margin to make a small profit! We are 100% transparent with our customers and will gladly walk you through our comps and repair estimates so that you can see how we got to your offer!
In short, there are NO fees, NO commissions, and NO closing costs when you sell to us. If you sell directly to Fairpact Properties, you can save up to 6% on realtor fees, which is a lot of cash that goes back into your pocket! Also, we have a very strong relationships with our local Title Companies with whom we have negotiated better closing costs with. Because of this, we go ahead and pay for any and all of the related closing costs which means you’ll know exactly how much cash you are walking away at the time we give you an offer! We pay you cash and you walk away without the burden of the property and its payments.
Real estate agents generally work with retail buyers and sellers through the MLS (Multiple Listing Service). This means that they are looking to match sellers with buyers who are looking to actually purchase and live in the property. Most retail buyers use financing options, like a mortgage, that requires in-depth inspections and property appraisals that can result in very long periods of time before closing, from the date of executing the contract. Furthermore, retail buyers are more picky since they will actually be living at the property. As such, retail buyers may look at your property multiple times and then ultimately decide not to put in an offer. Fairpact Properties, however, is buying your property with cash as an investment. This means that we don’t need any financing or inspection contingencies and that we can close extremely fast. Once we see the property, we’ll know with 100% certainty if we are going to buy and we will know this within 20 minutes of being there! As such, selling to us is much less risky because you can rest assured that we are going to close and you won’t get stuck holding onto an unwanted property! You can take a deeper look into the differences on our.
There is absolutely zero obligation for you to get an offer from Fairpact Properties and getting an offer and reviewing it with our team is 100% free. There is no pressure to accept our fair cash offer and even if you decide not to accept we will even help you in whatever capacity we can, free of charge. This means that even if you decide that you want to list the property, we can refer you to a great agent in Dallas and we’ll even give you our honest opinion about what we think you should list it for! We want you to be comfortable and happy, and we’ll treat you like a customer even if you decide not to become one!