Frequently Asked Questions (FAQs)
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Q: What is a real estate investor?
A: When people hear the word investor they often think of people working in high-rise buildings, wearing suits, and living the big city life. That is not who we are. Capitol Buys Houses is a small locally owned company with small-town roots in the Central Valley. As real estate investors, we often work with people just like you to purchase their homes for cash. Once we purchase a home, we make the necessary renovations and repairs, and either list the property for sale or keep it as a rental property.
Q: Do you buy houses that are run down and need major repairs?
A: We buy houses in every price range and in every condition. It doesn’t matter if your house is in need of major or minor repairs. Title issues, terrible tenants, red-tagged by the city? We are interested in making an offer on your house no matter what the situation is or what state the house is in. Call us to get an offer 559-205-9301.
Q: What areas do you buy houses in?
A: We buy houses up and down California and we have recently expanded into new markets in Illinois, Alabama, North Carolina, and Texas.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. If you choose a cash offer, we are buying it right then and there. We are professional home buyers: We buy houses Fresno that meet our purchasing criteria. From there we will clean and repair the house and resell it to another homeowner or keep it as a rental property.
Q: What if I need a Short Sale?
A: Capitol Buys Houses has helped many people get out of the foreclosure process and can negotiate directly with your bank to ensure your home sells as quickly as possible. Selling to us is the better alternative to foreclosure and people can often walk away with money in their pocket and no foreclosure on their record.
Q: What are the advantages of selling my house to a cash buyer?
A: There are plenty of advantages to selling to Capitol Buys Houses. No Commissions, No Repairs, No Cleaning, No Showings, No buyer or financial Contingencies. Andy, we can offer flexible closing terms. It’s a quick easy process and you can get money in your hands in as little as 7 days.
Q: What are the disadvantages of selling my house to a buyer like Capitol Buys Houses?
A: The only disadvantage to selling your house to us is in AS-IS condition that you will not get market value if you were to list it on MLS and do all the necessary work (ie. cleaning, repairs, showings, etc).
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another homeowner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather 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 fair win-win price. (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!)
[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… plus learn the pros, cons, and expenses of the other two alternatives… listing with an agent or selling it yourself. Head on over here to download your free guide →]
Q: How do you determine the price to offer on my house?
A: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the values of comparable houses sold in the area recently. We consider many pieces of information… and come up with a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking all of the risks here on whether we can sell it for a profit or not, once we buy the house from you… The responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 3-12 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those who can wait 3-12 months to sell and don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company buys houses. We don’t list houses. Since we’re the ones buying the house from you, and we pay with all cash… we can decide to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and 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… and we won’t hassle you, won’t harass you… It’s 100% your decision and we’ll let you decide what’s right for you.
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Learn The Pros and Cons Of Selling Your House To a Local Professional Home Buyer– FREE Guide:
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Get the FREE Guide and then give us a call at 559-205-9301 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.