Maybe you have some questions. That’s perfectly fine; it’s a common reaction. We’ve put together a brief list of frequently asked questions and their corresponding answers for your convenience. If you still have a question, don’t hesitate to contact us anytime. We would love to help answer it for you.
Q: Are you going to list my house on the MLS or purchase it directly?
A: Excellent question. We’re not real estate agents, so we don’t list properties. At Coastal NC Cash Offer, we are professional home buyers. We buy houses in eastern NC that fit our buying criteria, using our own funds without relying on bank financing, ensuring a smooth closing process. Once we acquire a property, we might renovate it and sell it to a new owner or retain it as a rental property.
Q: What sets you apart from a real estate agent?
A: Real estate agents list properties and wait for potential buyers to show interest. If buyers come forward, agents then showcase the properties, a process that can take an average of 4-6 months in many markets. When a sale is made, agents typically receive a commission, usually ranging from 3 to 6% of the sale price. For example, on a $100,000 house, you would pay $3,000 to $6,000 in commission fees.
Real estate agents offer a valuable service for those who can wait 4+ months to sell and are comfortable with parting with a portion of the sale price to cover commissions. However, we’re different. We’re not agents; we’re direct home buyers. Our company purchases your house directly from you, paying in cash, which allows us to decide within a few days (sometimes even the same day). We earn our living by taking the risk to buy your house with our own funds, repairing it, and marketing it ourselves to find a buyer.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Jacksonville Agent | SOLD To Coastal NC Cash Offer | |
|---|---|---|
| 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 offer fair prices for properties?
A: Many of the homes we buy are below market value. This allows us to resell them at a profit. We aim to get a fair discount on properties. From our experience, many sellers are not expecting a huge profit from their property. Instead, they value the fact that we can pay in cash, close quickly (no waiting for financing), and save them the time, effort, and expense of fixing up the property or paying agent fees. If you’re looking for a fast sale and see the benefit in selling quickly, we can try to agree on a mutually beneficial price. Our no-obligation pricing commitment means you’re not obligated to accept our offer, but it’s helpful to know what we can offer!
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 decide the price to offer for my house?
A: Excellent question, and we’re happy to explain. Our process is quite simple. We assess the property’s location, the necessary repairs, its current condition, and the recent sale prices of similar houses in the area. By evaluating all these factors, we arrive at a fair price that suits both your needs and ours.
Q: Are there any fees or commissions when working with you?
A: This is where we differ from the traditional house-selling process: there are absolutely no fees or commissions when you sell your house directly to us, unlike the typical listing fees that can be as high as 6%. We’ll present you with an offer, and if you accept, we’ll buy your house without any hassle or fees. We often cover the closing costs as well. Our profit comes after we invest in repairing the house and selling it. We assume all the risks of reselling the property, so once we buy your house, you walk away free of its burdens and with cash in hand.
Q: Am I obligated in any way when I submit my information?
A: There is absolutely no obligation on your part. Once you provide us with some details about your property, we’ll review the information, possibly arrange a call to learn more, and then present you with a fair, all-cash offer. From there, the decision to sell your house to us is entirely up to you. We leave it completely in your hands to decide what’s best for you.
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