This is a list of frequently asked questions asked by sellers just like you. If your question is not listed please call us at (866) 982-5370 or fill out our contact us form, and we will be happy to answer any questions you may have.
1. How is using Optimal Home Buyers different from selling my house with the help of a real estate agent?
A real estate agent assists you in selling your house through the use of the Multiple Listing Service (MLS), which is a marketing tool aimed at reaching a wide range of potential buyers. This process often involves enduring numerous walkthroughs for weeks or even months until you find the right buyer. Once the sale is finalized, you are responsible for paying various expenses such as title fees, closing costs, and the agent’s commission.
On the other hand, as investors, we offer to purchase your house immediately with cash or find other buyers who can do the same. After renovating the property, we place it back on the market and sell it for a profit. This is how we generate our income. When you sell your house to us, we cover the costs of inspections and closing, and there is no commission to be paid. We provide payment in cash, eliminating the need for a real estate agent and the additional expenses associated with their services. This allows for a quicker sale and reduces the hassle involved, providing you with a more streamlined experience.
2. How do I know this is the best course of action for me?
Selling your house through a traditional agent can be a lengthy and complex process. It often involves inspections, repairs, and a constant flow of potential buyers touring your property. As these factors are taken into account, the initial asking price may fluctuate, based on agreed-upon repair costs between you and the buyer.
On the contrary, we thoroughly evaluate your circumstances and assume responsibility for all future expenses associated with selling your house. This enables us to provide you with a fair offer and promptly take the property off your hands.
Even if your house is in excellent condition, it remains an excellent option for those seeking a swift selling process. After evaluating your home, we can provide guidance on whether listing with an agent would be more advantageous for your situation.
3. Who are you?
Hello, we are Optimal Home Buyers. With years of experience in the real estate industry, we’ve had the privilege of assisting numerous sellers. I deeply understand that selling your house is a significant decision, and each individual has a unique situation. Working alongside a team of partnered investors, we strive to find the optimal solution and offer that suits your needs.
Transparency is paramount to us. My team and I provide honest feedback regarding your property and will steer you in the right direction if our option may not be the most advantageous for you. You are not obligated to utilize our services if you determine it doesn’t align with your preferences, and we don’t purchase every house from interested sellers either. To learn more about us, please visit our Our Company page. We take pride in being trustworthy, maintaining open and personable communication, and drawing from our extensive expertise.
4. How does it work?
At our company, we streamline the selling process by eliminating middlemen such as realtors, lenders, appraisers, and inspectors. We offer quick and hassle-free cash purchases for houses, condos, apartments, or land, regardless of their condition or location. It’s a straightforward solution. Our first step involves conducting a comprehensive market analysis (CMA) to determine your home’s value once it’s renovated to meet modern HGTV standards. We then visit your property to assess necessary repairs and calculate the costs associated with buying and selling your home.
To sustain our business, we factor in a reasonable profit. However, we strive to keep it minimal, ensuring that everyone involved walks away with a fantastic deal. Rather than focusing on large profits at the expense of homeowners, we take pride in serving a broader range of individuals for smaller margins. Transparency is essential to us, which is why we provide you with a complete breakdown of the transaction.
By choosing our service, you can avoid expenses, the inconvenience of walkthroughs, open houses, multiple inspections, and prolonged listings with a traditional agent. If you have further inquiries or would like to learn more about our all-cash, as-is transactions, please visit our How it Works page. Feel free to reach out to us via call or text at (866) 982-5370. Even if buying your house doesn’t prove to be the best option, we are still happy to assist you in selling it!
5. Why should I choose your company?
At the core of our service, we take immense pride in offering you trust and transparency. We believe in breaking down every financial aspect with straightforward mathematics, ensuring that you have a clear understanding of why we present the offered price and the projected profit. Rest assured, our goal is to provide you with the highest possible payment. Moreover, we provide a comprehensive overview of the time and money you save by selling your house to us. Our commitment to honesty and fairness has earned us an outstanding reputation throughout Florida.
While we don’t like to boast, we have established ourselves as Florida‘s leading cash homebuyer. Our approach centers on treating clients with integrity and respect, positioning us as the go-to experts for cash home purchases in the region. We genuinely care about your timeline, concerns, and terms, striving to deliver an offer that leaves you ecstatic. Our extensive network of investors and partners is here to make your transition to the next chapter of your life smoother and faster.
6. What do you do with my house once you buy it?
Once we acquire your home, our first step is to initiate the refurbishment process, addressing any essential repairs and remodeling tasks to elevate the property to HGTV standards. Subsequently, we collaborate with a trusted agent to list and sell the house, covering all expenses such as repairs, closing costs, fees, and commission. Finally, we derive satisfaction from the modest profit generated, which enables us to continue assisting other clients in their seamless house-selling journeys. We take pride in our role of positively impacting communities and the economy by enhancing the value of neighborhoods throughout the state.
7. How many houses do you buy?
We engage in the purchase of multiple houses, which allows us to provide you with the most favorable price. While our profit margins may be smaller, the cumulative effect is significant due to our extensive client base. This approach ensures that everyone involved benefits, enabling us to assist more individuals and contribute positively to the communities we serve. In the event that we are unable to purchase your house, one of our investment partners may step in. We collaborate with experienced professionals in the house flipping industry, and during the closing process, we enlist the services of local, reputable attorneys to ensure a smooth and expedited selling experience for you.
8. How is the price you pay for my house determined?
To begin with, we assess the after repair value (ARV) of your house, which represents its potential market value once we complete the necessary renovations after purchasing it from you. Our specialist visits your property to evaluate the required repair and refurbishment costs accurately.
In addition, we consider the expenses associated with selling the house. While you are fortunate to avoid the need for an agent when selling to us, we engage their services to list the property after purchase. We also cover all holding and closing costs, fees, taxes, and commission, typically amounting to around 10% of the ARV.
Finally, we deduct the repair, refurbishment, and selling costs from the ARV while incorporating our minimum profit margin. This calculation allows us to arrive at a fair price that we offer you. Often, this amount is comparable to what you would receive when selling your house through traditional means, considering the additional out-of-pocket expenses typically associated with using an agent. However, with us, you can receive the payment in cash faster, avoiding the typical challenges that come with selling a house through an agent and listings. In such traditional methods, it can sometimes take months before finding a legitimate buyer.
9. Do you pay a fair price?
Our commitment to maintaining a stellar reputation and upholding integrity ensures that we always provide you with a fair price. We believe in transparency and utilize straightforward calculations to outline each aspect, allowing you to understand precisely how every dollar is allocated and why we present the offered price. The equation involves determining the market value of your house, considering the necessary repairs and renovations after purchase, then subtracting the cost of those improvements along with all the associated selling expenses. We then include our modest commission in the remaining balance, resulting in the cash offer we extend to you for your house.
10. Do I need to clean my house before you buy it?
The fantastic part is that there’s no need for you to clean or repair any aspect of your house. Simply leave it in its current condition, and we will handle everything after purchasing your home. This convenience is one of the benefits that our clients truly appreciate when selling their homes through this process.
11. Will you still buy my house if it is in poor condition?
Certainly, we are fully committed to house flipping as an integral aspect of our business. Our objective is to enhance the market value of the property through necessary repairs and improvements after acquiring it. This approach eliminates the need for you to undertake these tasks yourself, ultimately resulting in a selling price that is comparable to what you would receive from us, but without the prolonged challenges. While we typically require around a month to complete the transaction, there are instances where we can finalize it in as little as two or three weeks. Our aim is to simplify the process of selling your house and make it as hassle-free as possible for you.
12. Wouldn’t it be easier to list my house with an agent on MLS?
While there may be circumstances where this option is more suitable for you, opting for an agent and listing on multiple platforms can often lead to a prolonged and inconvenient process. Dealing with a constant stream of potential buyers walking through your home becomes tiresome. Moreover, accommodating appraisers and inspectors, as well as making repairs on your own, can be burdensome in order to achieve the desired price.
Undertaking refurbishments may indeed increase your asking price, but it can be costly and requires you to bear the expenses out of your own pocket. Enduring open houses on weekends and the constant worry of having to lower your price after weeks or even months of no success can be highly stressful. Furthermore, even after finding a buyer, the closing process itself can take several weeks to finalize.
In contrast, we provide a swift and worry-free solution to help you obtain the desired cash amount for your home. Our approach ensures a quick transaction, allowing you to move forward with your life without unnecessary delays or concerns.
13. Will you list my house on the MLS?
No, we do not list our clients’ houses on the Multiple Listing Service (MLS). We are not agents who assist you in finding buyers for your house. Instead, we are the buyers ourselves! In collaboration with your input, we determine the best possible offer and present it to you. We handle the entire process from start to finish. Once we purchase your home, we take care of any necessary repairs and then sell it to make a profit. Meanwhile, you can walk away with cash in hand without any unnecessary delays. We provide you with a comprehensive breakdown of the detailed calculations involved in determining the offer, ensuring that you feel confident and satisfied with the outcome.
14. Should I just list my house with an agent?
Listing your house with an agent may be a viable choice depending on your timeline and the extent of repairs needed, but it can become a frustrating and stressful process. Lengthy showings, inspections, and potential financing issues can draw out the selling process for months. However, if you’re looking to sell quickly and avoid the hassles, Optimal Home Buyers provides a solution. We offer a hassle-free experience and provide you with cash in your hands, alleviating the stress and ensuring a swift transaction.
15. How do I sell my house quickly for cash?
Purchasing houses swiftly for cash is our expertise. We begin by discussing your home and its location to determine its maximum market value. After that, we arrange a walkthrough to evaluate any necessary repairs and refurbishments. By calculating the costs of repairs and selling, we deduct them from the market value and include our fair share. Subsequently, we present you with an offer that we believe will excite you. The best part is, we can close the deal in as little as 21 days, providing you with cash in hand. This process eliminates the lengthy wait and headaches associated with finding an agent and listing your house.
16. Do I have to pay fees and commissions if I work with you?
With us, there are no fees or commissions to pay since we are not realtors. The fees and commissions come into play when we sell the house after purchasing it from you. The process of offering you a price for your home involves three straightforward steps: determining the market value, assessing the costs of repairs, rehab, selling, and profit. Once we have calculated the price, we present it to you. If you approve, we proceed to select a closing date together and sign the required documents with a trusted local attorney. This way, you can sell your house quickly and receive cash in return.
17. Am I obligated to do business with you once I fill out the form?
Once you fill out the form, you are under no obligation to proceed with us. Even if we initiate the process and you later decide it’s not the right fit for you, there is no cost to you. While we believe you will appreciate the service we provide, we understand if you change your mind and prefer to explore other options. Our goal is to assist you in finding the solution that best suits your needs. We earn our payment solely from the profit we generate after buying your house and successfully selling it on the market.
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.