Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. Here is 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 anytime. We would be happy to answer it for you.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question! The first step is for us to have a conversation about your property and situation to determine if it qualifies for our cash closeout program or if one of our other programs is a better fit. Depending on the program, we may choose to list your property on the MLS prior to buying from you, but by doing this we will be getting you more money for your property. That is one of the benefits of working with us versus a real estate agent. We have multiple options you can choose from depending on your unique situation.
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope 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 4-6 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 6% of the sale price of your house. If it’s a $150,000 house, you’ll pay $9,000 in commissions to an agent.
Agents provide a great service for those who can wait 4+ months to sell and who 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 actually buys houses. Since we pay with all cash and purchase the house from you, we can make a decision to buy your home within a couple of days with our Cash Closeout Program. If we qualify your property for our Equity Preservation Program, we will pay all costs necessary to make your property prepared for a market sale. This is a cost you would normally be responsible for while working with a real estate agent. That’s where we can make a difference for those in need.
Looking for this to be broken down further? Here’s a comparison chart for our cash closeout program to give an overview:
| Selling w/ An Agent | SOLD To Southern Properties United | |
|---|---|---|
| Commissions / Fees: | 6% on average is 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, up to 15% of sales fall through | Not with our cash offer |
| Appraisal Needed: | Yes, the sale is often subject to appraisal | Not with our cash offer |
| Average Days Until Sold: | +/- 91 Days | We provide cash offers during the appointment |
| Number of Showings: | It Depends | 1 (Just Us and our partners) |
| Closing Date: | 30-60 +/- days after accepting buyers offer | Typically less than 30 days |
| Who Pays For Repairs?: | Negotiated During Inspection Period | We pay for all repairs |
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are below market value. As property investors we are looking to get a fair discount on a property because we are willing to buy in as-is conditions and/or invest the money into fixing things on the property prior to buying. While it may be below market value, we can offer cash, we close very quickly (no waiting for financing), and no time or 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. Out no-obligation pricing commitment means that you don’t have to move forward with the offer we give, but it’s good to know that we’re offering!
We do have other options if price is the most important factor for you and you have 60-90 days to work with. Properties don’t always approve for this program but feel free to give us a call to see if your property qualifies.
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. Head on over here download your free guide →
Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book. Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and value of comparable houses sold in the area recently. Taking the many pieces of information into consideration, we 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: with our programs 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, we’ll buy your house and we’ll often pay for the costs too! We make our money after we pay for repairs on the house (if any) and sell it for a profit. We’re taking 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, as well as cash in your hand. Even with our other programs where we can get you more for your property, we cover closing costs, repairs and any commissions or fees associated with the sale of the home.
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 look at things, and set up a call with you to find out more information. From there we will schedule an in-person or virtual appointment at which our specialist can then determine if your property qualifies for an offer through one or multiple of our programs. From there, it’s 100% your decision on whether or not you’d like to sell your house to us. We’ll let you decide what’s right for you.
Q: What if I just want the most amount of money and have a hands off experience?
A: Great question! We have had hundreds of homeowners just like you ask this question which is why we rolled out our Equity Preservation Program. With this program we are able to offer closer to market value for your property while still taking into consideration the repairs that are needed. The way we do this is by connecting your property with a local buyer who is looking to buy the property. We will cover the entire process from A-Z and take care of all closing costs, commissions, repairs, clean out expenses, title fees, etc… Whatever number we offer you is what you can expect net in your pocket after its all said and done minus and back taxes or mortgages you may have. This process typically takes between 30-90 days start to finish and can often times get you upwards of 50% more for your property vs a traditional cash offer. Give us a call and talk to one of our lead managers to see which of our programs would be the best fit for you.
Q: What is the difference between a CASH offer and a Equity Preservation Program offer?
A: Our cash offer is what 99.9% of the investors you probably have spoken to already are offering. They typically can offer 30-40% of the value (depending on the condition) for your property and will buy it as-is condition, close in 30 days or less and give flexibility in your move out date, leaving any unwanted items etc…
The Equity Preservation Program is unique program that we offer to homeowners who may not be in a huge rush to sell but want the convivence of a cash offer with getting the highest value for the condition of the home. Both offers involve people coming out to the property: photographers, realtors, inspectors etc… both offers we pay the closing costs but with our Equity Preservation Program offer, if any repairs are needed to pass sale inspections, we are able to complete those at no extra cost to you. This is something a real estate agent can not offer and you would be required to cover those costs in order for the house to sell.
In today’s real estate market with rising interest rates, fear of recession and out of control inflation MOST big buyers and institutional money is sitting on the sidelines waiting for the market to crash… The BEST WAY TO GET YOUR HOME SOLD AND CASH IN YOUR POCKET is to get as many eyeballs on it as you possibly can. That is where we come in. We have the tools, network and systems in place to trade your problem property for CASH in as little time as possible. Whether we buy the house through our Cash Closeout Program or we qualify it for any of our other programs, all that matters is you walk away with the number we agree on and the process is easy and convenient.
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We buy houses in ANY CONDITION. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (228)338-1655!Learn The Pros and Cons Of Selling Your House To a Local
Professional Home Buyer– FREE Guide:
Download our FREE Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners sell unwanted properties for cash.
Get the FREE Guide and then give us a call at (228)338-1655 and we’ll discuss what your home is worth and what we can offer to buy it for with our Programs.