Frequently Asked Questions
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: How does the process work?
A: The hardest part of the whole process for you will be calling us at (408) 228-3518, or simply filling out the form at the bottom of the page to give us some simple information about your home.
Then, we’ll contact you immediately to schedule a visit to your home. We will visit your home in person, explain the process of selling your home, answer all of your questions, and evaluate your home’s condition, before making a fair, no-obligation offer to purchase your home for cash.
Accepting our cash offer is all up to you. If you accept the offer, we’ll set up a closing usually within seven days.
That’s it! You won’t have to repair anything, pay for anything, or clean anything up. There’s no hassle involved. All it takes is one appointment and one agreement and you’re done!
Need a little more time to move and find another home? That’s not a problem! After you get your cash, we’ve let homeowners stay in the house up to two months to help move and secure a new home.
Q: Will you be listing my house on the MLS or actually buying it?
A: NO. We’re aren’t looking to list your house. If that’s what you’re looking for we might direct you to use a good reliable agent. Call us any way to find out.
However, we’re professional home buyers with our own cash. We buy houses in California that meet our criteria. From there we may repair the property and resell it to another home owner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: To be able to purchase homes fast, hassle-free, and with no costs so that you don’t have to deal with the hassles and expense of a listing, we have to buy them below retail value.
If you’re hoping to only save money from the commission and get full retail value and you have no time-constraints, I would advise looking for a good honest Realtor.
However, in order for us to continue pleasing homeowners by offering them a REAL cash offer with no other lender or banks attached, while closing in 7 days, with no costs or hassle to the seller, and no other contingencies while being able to stay in the home a month after closing… we have to purchase below market value.
However, in our experience, many home sellers are more worried about their stressful situation and want to be done with it. So all of them appreciate that 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 fixing up the property or paying any 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 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 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 believe in complete transparency.
Our process is very simple and this is how we come up with a price for you home:
- We first look at the location of the property
- what repairs are needed
- the current condition of the property
- and the values of the area by looking at comparable houses sold recently.
We take these 4 factors, work backward from the market value of what we can sell it for AFTER it’s fixed up, factor in closing costs, repairs, and miscellaneous costs, and then factor in some profit for our selves.
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 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 is this different than listing it?
A: Real estate agents list properties and cross their fingers that someone will buy them. Realtors show properties to many prospective buyers hoping someone will “bite” and that the buyer can get financing… this is assuming there are any buyers (15% of listings go expired).
Also, the average time to sell a property in many markets right now is 3-6 months so you will be expected to pay your mortgage and other monthly bills while you wait. In the mean time, you’ll have to endure cleaning up the property several times before each buyer appointment and open house.
Also, be prepared for inspectors and appraisers to tick you off. They can be hella strict and knock down the value of your home. and then take 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 that can wait 6-12 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. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
When you finally sell a listed house, the agent will take 6% of the proceeds to pay for their work.
Agents provide a great service for those that can wait 3-6 months to sell and can endure the hassle, and who don’t mind giving up some of that sale price to pay for the commissions.
In some markets, you also end up paying for both sides of escrow. that can be 4% off your proceeds. So after all is done, you may end up with 10% less than your original offer
But that’s where we’re different: We’re home buyers looking to outright buy your house from you. Not list it.
We don’t charge any fees. We don’t make you do any work, or any hassle. We can buy on the spot and your situation is done with on day one. Just give us 7 days for closing to get your cash at hand.
Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own 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 to 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 property 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.
Q: Who is REVestors LLC anyway?
A: REVestors LLC is one of the top cash house buyers in San Jose, California. A “cash buyer” is a dime a dozen in California. But none of them are all the same. In fact, most don’t have the cash to buy your house and break promises like there’s no tomorrow.
However, we actually use our own money to buy houses. And we have bought, fixed up and resold houses in Santa Clara, San Mateo, and Santa Cruz counties since 2008.
We buy houses, AS-IS with all cash. We then fix them up, make them the most beautiful ones. We improve neighborhoods in the process, provide opportunities for first-time homebuyers and make a fair margin along the way.
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Get the FREE Guide and then give us a call at (408) 228-3518 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.