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Selling a House for Cash FAQs

General

Where does Express Homebuyers buy homes?

We’re a nationwide business with our headquarters located in Virginia. Most of our homes and sellers are in the DC, Virginia, and Maryland areas. However, we also have a West Coast office in Los Angeles, California.

The top states we do business in are Arizona, California, Colorado, Delaware, Florida, Georgia, Illinois, Maryland, Nevada, New Jersey, New Mexico, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, Washington, D.C.

How does EHBs differ from other cash-for-home buyers?

You deserve more than a sales gimmick. Whether you need to sell your house fast because you’re going through a divorce, you’re looking to avoid foreclosure, or you inherited a home and don’t want to deal with taxes and headaches, you deserve to be treated with respect and get a fast and fair cash offer.

Our process begins with listening to your unique story and finding a straightforward way to sell your home and close fast. One of our homebuying specialists will be with you every step of the way to make the process even simpler.

Are cash homebuyers legit?
Cash-for-home buyers are a reputable third alternative for selling your house. We have hundreds of reviews and video testimonials from our happy home sellers and consistently solid ratings from the BBB.

By purchasing the property straight from the seller with funds we already have in the bank and letting sellers forego improvements and showings, we assist house sellers in moving their property more quickly than they might the traditional way.

Can cash offers fall through?
When you work with Express, you won’t have to worry about the unpredictable and challenging nature of house sales. When we make an offer, it’s with money we already have in the bank, so our offers rarely fall through.

Selling Your Home to Us

How does selling with Express Homebuyers Work?

If you choose to sell to Express Homebuyers you can follow three simple steps to begin the process:

  1. Get in Touch
  2. Schedule a home visit
  3. Receive a cash offer

Once we’ve been in touch, seen your home, and made an offer you will set your settlement date, and we’ll close within seven days of the date.

Find out about the entire process here to get your no-obligation cash offer.

What's inside my offer? Are there any fees, charges, or commissions involved?

Understanding the contents of your finalized offer from Express Homebuyers is key to making informed decisions in your home-selling journey. Our offers are meticulously crafted to provide clarity, transparency, and peace of mind. Here’s a detailed breakdown of what you can expect:

Offer Price: The cornerstone of the finalized offer is the price we are willing to pay for your property. This figure is based on a comprehensive analysis of your home’s condition, market trends, location, and other relevant factors.

Detailed Cost Breakdown: Transparency is crucial. The offer includes a clear breakdown of any costs or fees associated with the transaction.

Estimated Net Proceeds: This is an estimate of the amount you will receive after all costs and fees are deducted from the offer price. It provides a clear picture of your financial outcome from the sale.

Inspection Contingency Details: Our investors or contractors may need access to the property during the process. If applicable, the offer outlines the terms of the inspection contingency. This section details how the inspection process will work, what happens if issues are found, and how they might affect the final offer.

Closing Date and Flexibility: We understand that timing is crucial. The offer will specify the proposed closing date and any flexibility we can offer to align with your schedule.

Legal and Contractual Terms: The offer includes all necessary legal and contractual terms, ensuring both parties are fully aware of their rights and obligations. This section is designed for clarity and to prevent any future misunderstandings.

Additional Special Terms or Conditions: Depending on your unique situation, special terms or conditions might be included in the offer, tailored to your specific needs or circumstances.

Contact Information for Questions or Concerns: We’re here to help. The offer includes contact information for our team should you have any questions or require further clarification about any aspect of the offer.

At Express Homebuyers, we’re committed to making your home-selling experience as straightforward and stress-free as possible. Our finalized offer is designed to give you all the information you need to make an informed decision about selling your home to us.

If you have any questions or need further information, please don’t hesitate to contact us. We’re here to guide you every step of the way.

Is Express Homebuyers right for you?

We buy houses in all kinds of situations, regardless of the market conditions.

Sell to us if:

  • You’ve recently inherited a property.
  • You want to offload an empty rental home.
  • You need to relocate or move quickly.
  • You’re ready for a life change.
  • You need to avoid foreclosure.
  • You can’t afford to fix up your property before selling.
  • You need help with moving expenses.

We’ve got you covered.

How does this differ from using a real estate agent?
Brokers and agents in real estate will help you market and sell your property. Express Homebuyers buys your home directly from you.

Selling your home through a real estate agent can be a lengthy and expensive process, and you don’t get paid until you find a qualified buyer who signs a contract.

When you sell to EHB, we buy your home as-is. No commission fees or closing costs. Just money in your pocket.

Does Express Homebuyers purchase homes in need of repairs?
Each year, Express Homebuyers purchases homes from owners who can’t afford to take on the necessary repairs to prepare their properties for sale.

The cost of renovating a home in Miami, Virginia, Washington, DC, or Maryland, for example, is staggering. Some of these properties require renovations averaging $50,000 to $100,000 before they are even considered marketable. If you sell your property to us, we assume responsibility for the repairs so no money comes out of your pocket.

Can Express Homebuyers purchase properties that are in foreclosure?

You retain ownership of your house and have the legal right to sell it until the foreclosure process is completed. One of the most effective methods to prevent foreclosure is to sell your home to a cash-for-houses company like Express Homebuyers before the foreclosure process finalizes. We can pay cash and close on the deal much faster than if you list it on the open market.

Selling A House With Bed Bugs

Is it Legal To Sell a House or Condo with Bed Bugs?
Yes, it is legal to sell a house or condo with bed bugs. Real estate disclosure laws in most states require the seller to inform the buyer of an infestation; however, there are loopholes. There are states where sellers are not required to complete a disclosure statement but instead pay a penalty to the buyer. Some disclosure statements are also so vague that a bed bug infestation is not a specific question.

These disclosures differ from state to state; you can find your requirements at your local health department. You can also contact the building manager if selling a condo, as condo disclosures may differ from selling a home.

What if the Neighbor Condos Have Them Too?
It’s usually not the responsibility of the condominium association to eliminate the infestation; however, bed bugs can move from one unit to another through adjoining walls, electrical wiring, and plumbing. Once they reach that common area then the condominium association will need to eliminate the bugs, notify unit owners, and require them to treat their living space.
Do They Need to Be Gone Before You Can Sell?
No. But many homebuyers require a pest inspection along with the traditional home inspection, and bed bugs can typically deter a potential buyer. From a legal perspective, sellers are only required to fix structural defects, and anything that violates a building code or safety standards. In regards to bed bug infestations, the buyer can negotiate the added costs of removal.
Who Typically Buys Houses With Bed Bugs and Why?
Typical buyers would include:

  • Real estate investors
  • Land buyers
  • Wholesalers
  • Companies looking to acquire a block of land or a building to make a rental
  • House flippers

These types of buyers do not intend on living there, but buy these homes to fully gut and rehab or rebuild. In turn, they can sell the property for more money than their purchase price. Basically, a buyer would still consider the purchase of a bug-infested home if they calculate the profit being more than the investment.

What Happens if I Don’t Disclose But Knew They Were There?
In some states, bed bugs are not a disclosure that is required by law. However, if you live in a state where it is, there can be some serious consequences in not disclosing a bed bug infestation. The most common is canceling the purchase.

Some buyers put a contract in place that includes contingencies to give them a way out of a purchase agreement without losing any money by requiring a return of what is in escrow. You can also face the potential risk of getting sued or having to reach some sort of agreement or settlement. This will end up with you needing to pay monetary damages, costs of extermination, and other fees.

If you’re looking to sell a house or condo with bedbugs, we’re here to help. We can get you the answers to all your questions and get you on your way to selling your home or condo. Call us now for a free consultation.

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