Here are answers to some of our most commonly asked questions:
If you have additional questions, we’d be more than happy to answer them. Just call (818)851-1584 and get the answers you’re looking for.
1) Who normally sells their house to Buy My Old House?
We purchase houses from people in all aspects of life, but they all share one thing in common:
They need to sell a house quickly (usually under 30 days), to a trusted cash buyer that can close escrow on schedule.
Here are some examples of why people sell their houses to us:
- Relocating or job transfer
- Out of state owner wanting to sell
- House needing a lot of repairs to be able to sell it
- Going through a divorce
- Need to sell an inherited property quickly
- Want to sell a rental property with problem renters
- Falling behind on mortgage payments and possibly facing forclosure
- Moving, but not wanting to deal with the headache of painting, repairs and cleaning
- Wanting to sell without having to pay a realtor commission and having people come in and out of their house
- Selling your property and afraid it won’t pass bank inspections
2) How do you determine the price to offer on my house?
Our process is rather simple. We evaluate a number of factors, including the following:
- Current condition of your house
- Approximate cost of repairs and renovations required
- Amount of time it will take to renovate your house
- After Repair value of your house, compared to other homes in the area
- Amount of real estate commissions and fees required to sell your house after repairs
- Cost of maintaining the house until it’s ready to sell including insurance, utilities, taxes, and more
The estimated After Repair Value of your renovated house, minus these costs helps us arrive at the cash offer that we make. We take everything into consideration including your needs and come up with a fair price offer that we can mutually agree too.
3) What types of houses do you buy?
We purchase condos, townhouses, single family residents, duplexes, multi-tenant buildings and some commercial properties as well.
4) Is there a fee or obligation for visiting my house and making an offer?
There is absolutely no fees and there is no obligation. We are happy to purchase your house, however if we are not able to reach an agreement to resolve your scenario, we will gladly help point you in the right direction of many of our resources in order to help you resolve any issues that you are facing.
5) Do you list my house for sale or are you buying it?
We can do both. We are a real estate solutions company. Our main business is to purchase your house for cash. However in some circumstances if we can’t agree on a price that makes sense for both of us or you may not be under a time constraint to sell your house quickly, we can list your house on the market and get you top dollar if that is what you are looking for. We will provide you all possible scenarios and let you decide which will be the best fit for you, all under no obligation.
6) How fast will it take to get your money?
Once we come to an agreement, we can close in as little as 7 days. If you need longer that’s not a problem we can close as soon as you are ready.
If you still have any questions feel free to either call us at (818)851-1584 or email us at [email protected] and we will get right back to you.