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. We’re not agents, and we don’t list houses. Here at Offer Now Michigan, we are professional home buyers: We buy houses Michigan that meet our purchasing criteria, and we don’t use bank financing so you don’t have to worry about our ability to close on a deal. After purchasing, we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that 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 3 to 6% of the sale price of your house. If it’s a $100,000 house, you’ll pay between $3,000 to $6,000 in commissions to an agent.
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. But that’s where we’re different. We’re not agents, we’re home buyers. Our company buys the house directly from you. Since we pay with all cash and purchase the house from you, we can make a decision to buy your house within a couple of days (sometimes even 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.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Michigan Agent | SOLD To Offer Now Michigan | |
|---|---|---|
| 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!
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: 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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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 Michigan homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at 810-425-5961. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.
More Questions About Selling Your Michigan Home for Cash
Q: Can I sell my house during foreclosure in Michigan?
Yes, you can sell your house during foreclosure in Michigan. In fact, selling to a cash home buyer like Offer Now Michigan is often the fastest way to avoid foreclosure and protect your credit. We can close in as few as 7 days, which may be enough time to stop the foreclosure process. Contact us as soon as possible so we can review your situation and provide you with a fair cash offer before the foreclosure sale date.
Q: Do I need to clean out my house before selling to Offer Now Michigan?
No, you do not need to clean out your house before selling. We buy houses in any condition, including homes that are full of furniture, personal belongings, or even trash. If you want to leave items behind, we will take care of the cleanout at no extra cost to you. This is especially helpful for homeowners dealing with inherited properties or hoarder homes in Michigan.
Q: How fast can you close on my Michigan home?
We can close in as few as 7 days, or on whatever timeline works best for you. Some homeowners need to sell fast due to foreclosure, divorce, or job relocation. Others need a few weeks or even a couple of months to get settled into their new place. When you sell to Offer Now Michigan, you choose the closing date that fits your schedule. We work around your needs, not the other way around.
Q: What types of properties do you buy in Michigan?
We buy all types of residential properties throughout Michigan and Michigan, including single-family homes, duplexes, multi-family properties, condos, townhouses, and vacant land in some cases. We purchase properties in any condition, whether they need major repairs, have code violations, have fire or water damage, or are simply outdated. No property is too challenging for us to consider.
Q: Will selling my house for cash affect my taxes?
The tax implications of selling your house depend on several factors, including how long you have owned the property, whether it was your primary residence, and the sale price compared to your original purchase price. We always recommend consulting with a tax professional or CPA for personalized advice regarding your specific situation. However, selling for cash does not create any unique tax consequences compared to selling through a traditional real estate transaction.
Q: Do you buy houses with tenants in Michigan?
Yes, we buy houses with tenants in place. Whether you have reliable long-term tenants or are dealing with difficult tenants, we can still make you a cash offer. We have experience working with tenant-occupied properties and will handle the transition professionally and legally. You do not need to go through the eviction process before selling to Offer Now Michigan.
Q: What if my house has liens or title issues?
We buy houses with liens, title issues, and other encumbrances all the time. Our team works with experienced title companies and attorneys who can help resolve many title issues before or at closing. Whether you have tax liens, mechanic’s liens, judgments, or other title problems, contact us and we will review your situation to see how we can help.
Get Answers to Your Questions Today
If you have a question that is not answered here, do not hesitate to reach out. Our team is available to discuss your specific situation and provide the answers you need to make an informed decision about selling your Michigan home. Call Offer Now Michigan today at 810-425-5961 or fill out our online form to get started with a free, no-obligation cash offer.