Here is a compilation of commonly asked questions from sellers like yourself. If your specific question is not covered here, please don’t hesitate to contact us at (773) 839-5575 or complete our “Contact Us” form, and we will be happy to offer solutions to any queries you might have.
1. How is using One Piece Home Buyers different from selling my house with the help of a real estate agent?
A real estate agent oversees the marketing and sale of your home, employing tools like the Multiple Listing Service (MLS) to showcase your property to a diverse pool of potential buyers. This process often involves numerous property viewings that may span several weeks or months until the right buyer is found. After a successful sale, you typically incur various expenses, including title fees, closing costs, and the agent’s commission.
On the flip side, as investors, we offer a prompt all-cash purchase for your property or identify alternative buyers with the same capability. Once we’ve renovated the property, we reintroduce it to the market and sell it to generate a profit. This serves as our primary source of income. When you opt to sell your house to us, we take care of the costs related to inspections and closing, and you won’t be responsible for paying any commissions. We provide a cash payment, eliminating the need for a real estate agent and the additional expenses associated with their services. This results in a quicker sale, reduces the complexities involved and provides a more straightforward experience.
2. How do I know this is the best course of action for me?
Selling your property through conventional real estate channels often becomes a protracted and complex process. It frequently involves managing inspections, addressing necessary repairs, and accommodating a constant stream of prospective buyers visiting your property. With these elements in the mix, the initial asking price may fluctuate, influenced by the repair costs negotiated between you and the potential buyer.
In contrast, we conduct a thorough evaluation of your unique situation and shoulder all upcoming expenses associated with the sale of your property. This approach lets us present you with a fair offer, promptly relieving you of the property.
Even if your property is in excellent condition, a quick sale can still be an appealing choice. Following our comprehensive assessment of your real estate, we can provide tailored guidance on whether engaging a traditional real estate agent would be more advantageous for your circumstances.
3. Who are you?
We are One Piece Home Buyers, a reputable presence in the real estate industry with a long-standing track record of aiding numerous sellers. Recognizing that selling a home is a significant decision, we comprehend that each individual’s situation is unique. Through our collaboration with a network of affiliated investors, we are unwavering in our commitment to identifying the optimal solution and delivering an offer tailored precisely to your requirements.
Transparency forms the foundation of our core values. Our team and I are dedicated to providing honest assessments of your property. We are always ready to steer you towards a more suitable option if our offer doesn’t align with your best interests. Rest assured, there are no obligatory commitments to enlist our services, and we do not acquire every property presented by potential sellers. For a deeper understanding of our operations, we invite you to explore Our Company page. Our pride is built on our unwavering trustworthiness, our dedication to transparent and personable communication, and the wealth of expertise we bring to the table.
4. How does it work?
Within our organization, we streamline the property selling procedure by eliminating intermediaries such as real estate agents, lenders, appraisers, and inspectors. We specialize in swift and trouble-free cash acquisitions of diverse properties, encompassing houses, condos, apartments, and land, irrespective of their condition or location. Our method is uncomplicated. We initiate the process with a comprehensive market analysis (CMA) to establish your property’s worth after it has been upgraded to meet contemporary HGTV standards through renovation. Following this, we arrange for a property inspection to evaluate necessary repairs and determine the expenses of acquiring and selling your property.
In our quest to maintain a sustainable business, we incorporate a fair profit margin. However, our unwavering dedication is to keep this margin as modest as possible, guaranteeing that all parties involved can partake in an advantageous deal. Rather than giving precedence to substantial profits at the expense of homeowners, our primary focus is assisting a broader spectrum of individuals with reasonable margins. Transparency is a cornerstone of our approach, and as such, we furnish you with a comprehensive breakdown of the entire transaction.
Opting for our services enables you to sidestep the expenses and inconveniences associated with property showings, open houses, multiple inspections, and extended listings, typically with conventional real estate agents. If you have additional inquiries or wish to delve further into our all-cash, as-is transactions, please take a moment to visit our “How it Works” page. Feel free to contact us via call or text at (773) 839-5575. Even if purchasing your property isn’t the best choice, we are eager to aid you in your selling endeavors!
5. Why should I choose your company?
Central to our service is our commitment to delivering trust and transparency. We take immense pride in breaking down every financial aspect using straightforward mathematics, ensuring that you have a complete grasp of both the proposed price and the expected profit. Please rest assured that our foremost objective is to provide you with the highest attainable payment. Additionally, we furnish a detailed analysis of the time and money you save by selling your property to us. Our steadfast dedication to honesty and equity has garnered us an exceptional reputation throughout IL.
Without indulging in self-promotion, we have solidified our position as the premier cash homebuyer in IL. Our approach is rooted in treating clients with the highest levels of integrity and respect, making us the foremost authorities in cash home acquisitions in the area. We have a sincere concern for your timeline, concerns, and conditions, and we work diligently to provide an offer that truly satisfies you. Our extensive network of investors and partners is committed to enabling a smoother transition to the next phase of your life.
6. What do you do with my house once you buy it?
Upon acquiring your property, our initial step is to initiate the refurbishment process, addressing any essential repairs and renovation tasks to elevate the property to standards reminiscent of those featured on HGTV. Subsequently, we collaborate with a trusted agent to list and facilitate the property’s sale, covering all associated expenses, including repairs, closing costs, fees, and commissions. Ultimately, we find satisfaction in the modest profit generated, which empowers us to continue aiding other clients in their smooth property-selling endeavors. We take great pride in our role in making positive contributions to communities and the economy by enhancing the value of neighborhoods throughout the state.
7. How many houses do you buy?
Our business model is centered on acquiring multiple properties, which empowers us to offer you the most favorable price. While our profit margins may be narrower, the cumulative impact is substantial, thanks to our extensive client base. This approach ensures mutual benefits, allowing us to assist a broader spectrum of individuals and positively contribute to the communities we serve. In cases where we are unable to purchase your property directly, 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 seamless and expedited selling experience for you.
8. How is the price you pay for my house determined?
Our process kicks off by evaluating the after-repair value (ARV) of your property, which signifies its potential market value once we complete the necessary post-purchase renovations. Our specialist conducts an on-site assessment to gauge the required repair and refurbishment costs.
In addition, we factor in the expenses linked to selling the property. While you are fortunate to bypass the necessity of an agent when selling to us, we do engage their services for the property listing after the purchase. We also shoulder the responsibility for all holding and closing costs, fees, taxes, and commissions, typically amounting to around 10% of the ARV.
Subsequently, we deduct the ARV’s repair, refurbishment, and selling expenses, while incorporating our minimum profit margin. This calculation enables us to ascertain a fair price to offer you. Frequently, this figure is comparable to what you might receive when selling your property through traditional channels, considering the additional out-of-pocket expenses typically associated with using an agent. However, with us, you can receive the payment in cash much more promptly, circumventing the usual challenges of selling a property through an agent and listing. In conventional methods, securing a legitimate buyer can sometimes stretch over several months.
9. Do you pay a fair price?
Our steadfast dedication to maintaining an excellent reputation and upholding the highest levels of integrity ensures that we consistently provide you with a fair and equitable price. We are unwavering in our commitment to transparency and use straightforward calculations to break down each component, providing you with a clear understanding of how every dollar is allocated and the rationale behind our offered price. The equation involves assessing your property’s market value, accounting for the necessary repairs and post-purchase renovations, and then subtracting the costs associated with these improvements, as well as all related selling expenses. Our modest commission is then factored into the remaining balance, resulting in the cash offer we present for your property.
10. Do I need to clean my house before you buy it?
One of the outstanding features of our process is that you can rest easy, knowing there’s no need to clean or repair any part of your property. Just leave it in its current condition, and we will handle all necessary aspects after the purchase of your home. This convenience is among the benefits that our clients truly value when opting to sell their properties through this streamlined procedure.
11. Will you still buy my house if it is in poor condition?
Indeed, house flipping is a fundamental component of our business strategy. Our aim is to increase the property’s market value through necessary repairs and improvements after we acquire it. This approach relieves you from the burden of managing these tasks on your own, yielding a selling price that aligns with what you would receive from us but without the prolonged challenges. While the transaction typically takes about a month, there are cases where we can finalize it in as little as two to three weeks. We aim to streamline the property selling process and guarantee a smooth experience for you.
12. Wouldn’t it be easier to list my house with an agent on MLS?
While there are scenarios where involving a real estate agent and listing your property on various platforms is a viable choice, it often leads to a prolonged and cumbersome process. Managing a constant influx of potential buyers visiting your property can be exhausting. Additionally, dealing with appraisers and inspectors and handling repairs independently can be labor-intensive tasks in your pursuit of achieving the desired selling price.
Certainly, embarking on renovations may enhance your asking price, but it can entail significant expenses that you must shoulder. Enduring weekend open houses and the ongoing stress of potentially reducing your price after weeks or even months of no success can be incredibly draining. Moreover, even after identifying a buyer, the closing process can stretch over several weeks.
In contrast, we offer a swift and hassle-free solution to assist you in obtaining the desired cash amount for your property. Our approach ensures a rapid transaction, allowing you to progress without unnecessary delays or concerns.
13. Will you list my house on the MLS?
No, we do not list our clients’ properties on the Multiple Listing Service (MLS). We do not function as real estate agents whose role is to locate buyers for your property. Instead, we function as the buyers ourselves! Collaborating with your input, we establish the most favorable offer and present it to you. We oversee the entire process from start to finish. After acquiring your property, we take care of any necessary repairs and subsequently sell it to generate a profit. Meanwhile, you can receive cash without unnecessary delays. We provide a comprehensive breakdown of the intricate calculations in determining the offer, ensuring that you are well informed and satisfied with the outcome.
14. Should I just list my house with an agent?
Choosing to list your property with a real estate agent can be a viable option, contingent on your timeline and the extent of required repairs. However, it can evolve into a frustrating and labor-intensive process, encompassing prolonged showings, inspections, and potential financing challenges that may extend the selling process over several months. If you are searching for a faster and more hassle-free alternative, One Piece Home Buyers presents a solution. We deliver a streamlined and expertly managed experience that guarantees a swift transaction, providing you with cash on hand while alleviating the stress commonly linked with traditional selling methods.
15. How do I sell my house quickly for cash?
Our area of expertise revolves around the rapid acquisition of properties for cash. We initiate the process by engaging in a comprehensive discussion regarding your property and its location, aiming to determine its maximum market value. Subsequently, we arrange a walkthrough to assess any required repairs and renovations. By accounting for the costs associated with these repairs and the selling process, we deduct them from the market value and include our fair share. After this calculation, we present you with an offer that we believe will be highly satisfactory. The most enticing aspect is our ability to complete the transaction in as little as 21 days, ensuring that cash becomes promptly available to you. This approach eliminates the protracted waiting periods and complexities often associated with engaging an agent and listing your property.
16. Do I have to pay fees and commissions if I work with you?
When you choose to collaborate with us, you can set aside any concerns about fees or commissions because we do not function as real estate agents. Fees and commissions only come into play when we sell the property after acquiring it from you. Our process for providing you with a price for your property encompasses three simple steps: first, we ascertain the market value; next, we evaluate the costs associated with repairs, renovations, selling, and profit; and finally, we calculate the price and present it to you. Upon your approval, we proceed to jointly select a closing date and complete the necessary paperwork with the support of a trusted local attorney. This way, you can swiftly sell your property and receive cash in return, free from any additional expenses.
17. Am I obligated to do business with you once I complete the form?
Once you’ve completed the form, you are not obligated to proceed with us. Even if we initiate the process and you later decide it’s not the best fit for you, you won’t incur any costs. While we are confident that you will recognize the value in the service we offer, we respect your decision if you choose to explore other options. Our primary objective is to assist you in finding the solution that best aligns with your needs. Our revenue is derived solely from the profit generated after we purchase your property and successfully sell it on the market.
You might have a few questions, which is completely normal. So, here is a brief compilation of some of the questions we commonly encounter, along with our informative responses. However, if your specific question isn’t addressed, please don’t hesitate to reach out to us (or simply give us a call), and we’ll be more than happy to help you satisfy your curiosity.