Frequently Asked Questions
You may have a few questions. that’s completely normal. Most homeowners do. Below is a brief collection of some of the most common questions we receive, along with clear answers. If you still have a question, don’t hesitate to contact us anytime. We are always happy to help!
Q: Will you list my house on the MLS, or are you actually buying it?
A: This is a common question. We are not real estate brokers, so we do not list your home on the market. At Carolina Family House Buyers, we are direct property investors: We buy houses Myrtle Beach that meet our specific investment goals. Because we use our own private capital rather than relying on bank loans, you never have to worry about our funding falling through at the last minute. Following the purchase, our team typically renovates the home to sell to a new family or retains it as a long-term rental property.
Q: How are you different from a real estate agent?
A: Traditional agents market houses by placing them on the MLS and hoping for a buyer. They host showings for various prospects and, upon a successful closing, collect a commission, usually ranging from 3% to 6% of the purchase price. In numerous areas, properties can sit for four to six months before selling, and those percentages represent a major expense. For instance, on a $100,000 transaction, you could lose $3,000 to $6,000 just in agent fees.
Agents offer a great resource for property owners who aren’t in a rush and don’t mind sacrificing a portion of their equity to fees. Our model is distinct. We function as purchasers, not representatives. We buy houses straight from the owner using liquid funds, which enables us to commit to a deal rapidly, frequently within 48 hours, and occasionally on the very same day. We take on the full liability of the investment, managing all necessary renovations and future property oversight ourselves.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Myrtle Beach Agent | SOLD To Carolina Family House 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: 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. In our experience, many sellers aren’t necessarily expecting a large “windfall” on the property. Instead, they 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 to 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 win-win price for both parties. Our no-obligation pricing commitment means that you don’t have to move forward with the offer we give… but it’s good to know what we’re offering!
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 the 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: there are NO fees or commissions when you sell your house directly to us compared to listing fees, where up to 6% comes out of your pocket. We’ll make you an offer and, if it’s a fit, then we’ll buy your house with no hassles and no fees. We’ll often pay for the closing costs, too! We make our money after we pay for repairs on the house and sell it for a profit. We’re taking 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, as well as cash in your hand.
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 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. We’ll let you decide what’s right for you.
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