Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. Here is a quick collection of our answers to some of the most popular questions people ask us. If your question is still unanswered don’t hesitate to contact us anytime. We’d love to hear from you!
Q: Will you be listing my house on the MLS or actually buying it?
A: Telegraph Hill Home Buyers, are professional home buyers and investors: We buy houses in Massachusetts that meet our purchasing criteria. We use our own financing (as opposed to bank financing) allowing us to close fast without the worry of funds falling through at the last minute. After purchasing, we may repair the house and resell it to another homeowner or hold it for ourselves as a rental property.
Q: How are you different from a real estate agent?
A: Real estate agents list properties in the hope that someone will buy them. The agent shows the properties to prospective buyers, assuming they have them (the average time to sell a property in many markets right now is 4-6 months) and in exchange takes a percentage of your sale price. The agent’s commission is typically 3 to 6% of the sale price of your property. That means that $3-6,000 from every $100,000 in home value goes straight to your agents commission.
Agents provide a great service for those that can wait 4+ months to sell and who don’t mind giving up some of that sale price to pay for the commissions. However, because we are local to Massachusetts we understand this is a luxury that most cannot afford. Since we’re not agents, we’re home buyers, we’ll buy the house directly from you. Since we pay with all cash and purchase the house directly from you, we can make a decision to buy your house within a couple of days (sometimes even the same day). Instead of taking a portion of your sales price, we make our living by assuming the risk of buying the house with our own cash, repairing the house, 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 Massachusetts Agent | SOLD To Telegraph Hill Home Buyers | |
|---|---|---|
| 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: Is there any obligation when I submit my information?
A: There is absolutely ZERO OBLIGATION for you. Once you tell us a bit about your property, we’ll analyze it and make you an all-cash offer that’s a win-win for both parties. From there, it’s 100% your decision on whether or not you’d like to sell your house to us. Nobody knows what’s best for you better than yourself.
Q: Do you pay fair prices for properties?
A: We end up purchasing many of the homes below market value so we can resell it at a profit to another homeowner. We are looking to get a fair discount on a property in exchange for quick cash closings and taking on the burden of selling it ourself. In our experience, most sellers aren’t necessarily expecting a large “windfall” on the property. Instead, they prioritize quickly receiving cash (no waiting for financing), and no time, effort, or expense is required on your part to fix up the property or pay agent fees associated with listing on the market. If that sounds like what you’re looking for and you value getting your house sold and cash in your hand fast, let’s see if we can come to a win-win price for both parties. Remember, our offers have absolutely zero obligation attached. It is worth your time to get a quick cash offer and then decide what route is best for you.
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 determine the price to offer on my house?
A: We aim to be completely transparent in our home buying process. We base our offer on factors such as property location, if any repairs are needed, the current condition of the property, as well as what recent comparable homes have sold for around you. Our team then analyzes these pieces of information to determine a fair price that we would be comfortable purchasing at.
Q: Are there any fees or commissions to work with Telegraph Hill Home Buyers?
A: Apart from speed of closing, this is what really differentiates us from the traditional home selling method. When you sell to us, you pay absolutely zero fees or commissions. Compare that to listing on the market, where up to 6% of the sale price comes directly out of your pocket. If you like the offer that we make you, then we buy your house with no hassles and no fees to you. In many situations, we even cover the closing costs for you. We make our money by taking on the burdens you currently face such as repairs, listing on the market, and dealing with agents, all with the hopes we can sell it for a profit. In other words, we make our money by taking on the headaches you don’t want surrounding a troublesome property! Once we buy the house from you, the responsibility is ours and you walk away burden free with cash in hand.
Curious What We Can Buy Your House For?
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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
Download our FREE Guide here and contact us anytime with questions or if you would like a no-hassle Situation Evaluation. Learn more about how we help Massachusetts homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at 617-812-7837. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.
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