Frequently Asked Questions
Who are you and what do you do?
We’re James & Toby, 50/50 owners of Real Home Solutions, LLC, a legitimate home buying company in CO. We are blessed with an amazing team of people in our company that are like a 2nd family to us. They share our ideals, core values and passion to help others.
Is a “We Buy Houses” company really a good fit for me?
“We are not desperate to sell our home in CO, nor are we in a hurry!”
As much as it may be surprising, the majority of the sellers that sold us their house were not desperate to sell (at all), nor were they trying to avoid foreclosure. Most of our clients choose us simply because they either had bad experiences listing their house with an agent, or they just don’t want to deal with repairs, endless showings or any of the hassles of selling a house the traditional way.
Because we buy houses in Colorado (and all other types of properties) in any condition, no matter the situation, location or issue you may be facing, we often are a great option to consider if you want to sell your home fast, and with ease.
Let us run the numbers and see how much we can offer you in cash for your home in CO. We’d be happy to advise you if listing with an agent would be a better choice for you or not. After all, it doesn’t hurt to get an offer from us, our offers are 100% free and there’s zero obligation to accept!
Why should I choose your company?
Honestly, you absolutely do not have to choose us! There are plenty of other cash home buying companies in Colorado that you could sell your house to. However, you should do your research about these companies before you choose one to work with. Unfortunately, there are investors out there that can’t wait to take advantage of people for their own personal gain.
We are not desperate. We do not need to make a huge profit on each deal, and we do not expect to buy every house that we come across. While WHAT we do is similar to other home buying companies (we offer cash for houses in CO), HOW and WHY we do business is different. We are genuine, honest and we care. Yes, we need to make money, but that doesn’t mean we need to take advantage of people, and that we cannot go out of our way to genuinely help you without expecting anything in return!
What info will you need from me?
Ok, so you decide to reach out to us, what happens then? If you contact us during business hours we will either pick up the call, or call you right back. The call only takes a few minutes. They will ask you for some basic info about your property, listen to your needs, answer any questions you may have, and offer guidance and recommendations to assist you in your home selling journey, even if that means we’re not the best option for you.
Do you actually close with cash?
Yes we do. We will have a bank check for you at closing or wire funds to a designated account through the title company at time of recording. For legal reasons, we can’t just give you a brown paper bag with cash.
Do I get my cash offer right away on the phone?
The short answer is no… We do not give the exact offer over the phone right away. We can, however, give you a range of where our offer will most likely be at.
Why not? I know other “We Buy Houses” companies give an offer right away over the phone, or promise to give you a cash offer for your home within 5 minutes!
Well, the problem with that is that most of these companies will just give you a bogus inflated offer, try to lock you up in a contract, and then use an “inspection report” to ask you for a huge price reduction at the end of their inspection period. We’ve seen this tactic used A LOT of times by many investors in our market, and we hate it! We hate that it gives our profession such a bad reputation, and the pure dishonesty that goes with it.
When you call us, we will just get the basic info from you, to make sure that working with us really makes sense for you. If you feel that the options we have available are worthy, we will schedule an appointment (can be done the same day, either by phone or in person) with you. Before the appointment, we will do in-depth research on the property so we can give you the highest and best offer, suited for your individual needs!
How how do I know you’re not going to make me a lowball offer?
I’m glad you asked – It’s in our best interest to make you a good offer that you are happy with because that’s how we stay in business. No rational person would accept a ridiculous low ball offer, so it wouldn’t make sense for us to make you one! Our business is buying houses (or condos, townhouses, etc.), and we can’t buy houses if our offers don’t get accepted!
One thing to keep in mind is that we have several different options as far as what type of offer we can make you. If you choose the fast cash offer for your home, our offer will be fair, but it will not be “full market value”. However, we’ve made our business as efficient as possible so that we can afford to make higher offers compared to other cash home buyers!
Some of our other options do allow us to offer you even more than full market value, but these offers will not be a “sell my house fast for cash” type offer. Give us a call at (720) 740-6610 or contact us through the online form to learn about the other options we can offer you.
How quickly will I get an offer on my property?
Once you complete the form question found on this page, we’ll quickly follow up with you in within 24 hours with a cash offer deal and explaining your options. We will be contacting you with your phone number provided or email address.
When can you close on our property?
We can close in as little as 7 days or on your timeline. You let us know when is ideal for you and we will make it happen. Every situation is different. Believe it or not most sellers do not want to close in 7 days. From the day we have a signed agreement we typically close in 30 days. The reason for this is that our sellers typically need some time to line up where they will be living next.
Do you really mean “As Is” ?
Yes, we really do mean “As Is.” Don’t do any cleaning. Don’t do any repairs. Take what you want. Leave what you don’t want. We’ll take care of the rest. Remember, we buy properties for cash and renovate them for a living. We look at the potential a house has, not at the “as is” condition.
What if my home needs a lot of work?
No worries. This is why we exist. We buy homes in any condition. Lots of properties just can’t be sold traditionally, because they don’t qualify for traditional financing. And while homeowners could fix the property themselves, many just don’t have the funds to invest. The expertise. Or the time that is required to execute a renovation. So, we buy these homes for cash, fix what needs to be fixed, then we put them on the market to be sold.
Who do you typically work with?
This is one of our most common questions. Real Home Solutions purchases homes from people of all kinds:
- Pre-Foreclosure due to late mortgage payments.
- Relocation to another area.
- Probate or inheritance that needs a quick sale.
- Title or lien issues.
- Property needs to many repairs and you don’t have the money to get them done.
- Fire damage.
- Mold issues that could be harmful to your health and even condemn a property.
- Unwanted property.
- Abandoned or Vacant property.
- Building code violations.
- And more.
All of the sellers that contact us are looking to sell quickly. There are definitely some unique reasons we have heard in the past and nothing surprises us. So whatever your reason is; just know that we are here to listen, help, and close when you want us to.
Why should I sell to you and not list with a Realtor?
Well, maybe listing with a realtor IS really the better option for you. For some people it is. If we feel that listing with an agent would make more sense for you, we will happily let you know that on the initial call.
Will you be listing my house on the MLS or actually buying it?
Great question. We don’t list houses. We are professional home buyers: We buy houses Denver that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Are there any fees or commissions to work with you?
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 to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) 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… and often with cash in your hand).
How are you different from a real estate agent?
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 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $400,000 house, you’ll pay between $12,000 – $24,000 in commissions to an agent).
Agents provide a great service for those that can wait 6-12 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 home buyers, our company actually buys houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes 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 (which is the hard part in this market).
Is there any obligation when I submit my info?
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… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
Can I stop or avoid foreclosure by selling my house?
Yes, in many cases. When you sell your house it stops foreclosure and may help save your credit. Download our “How To Stop Foreclosure” free report for more information.
How do I know you will really close and that this is not a scam?
With so many newbie investors and scam artists out there I’m not surprised you’re asking this… Vetting your buyer to make sure they will actually close, is usually more important than getting the highest offer for your home. We get a lot of sellers calling us after their 1st or 2nd buyers fall through and cancel the sale on them. Needless to say, they are frustrated and distrustful of investors. That’s where Real Home Solutions is different. We make honest and transparent offers, with the intention of getting them closed!
How can you protect yourself from falling for the scam artist trap?
Quite a few ways actually…
- Ask for a proof of funds – Does the “Cash” buyer really have the cash to be able to buy your house? Many times they don’t!
- Contract terms – Don’t fall for a tiny deposit or crazy long inspection periods (7-10 days is normal, some buyers ask for 30 days inspection or more!). Watch the “additional terms” of the contract for possible back-out clauses allowing the buyer to back out of the contract for basically any reason they make up.
- How long has the buyer been in business? You want to look for someone that’s been around for at least 4-5 years and knows the in’s and out’s of the complex Real Estate industry.
- Verify that the buyer actually buys & sells properties. One easy way is to look up the company name in public records and see if there are any deeds recorded under their name.
Do you pay fair prices for properties?
Real Home Solutions is a group of local investors, but not the kind you see on TV. We don’t lowball people or try to steal your house out from under you. In fact, we’ve paid full price for homes that meet our criteria. Sometimes we even pay a premium price for your house depending on how we structure the deal.
That being said, some 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. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of 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 fair win-win price. Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!
How do you determine the price to offer on my house?
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 values of comparable houses sold in the area recently. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Why do so many “We Buy Houses” companies and I-Buyers make lowball offers?
Most other cash buyers are investors that are buying the property so that it can eventually be resold. This “flipping” of the property means that the investor has certain overhead expenses that must be covered in the transaction.
For example, the cash buyer will have to pay the following expenses:
- Closing costs on the purchase (~2% of sales price)
- Commissions on the resale (~6% of sales price)
- Closing costs on the resale (~3% of sales price)
- Monthly carrying costs until the property is resold (~4-5% of sales price, total)
- Necessary repairs/remodeling ($5K to $100K+)
These costs typically total to ~15% or more of the resale value of the property, which means that cash buyers can only afford to buy the property at 60% to 70% of its full market value in order to make a modest profit of typically 15% (of the resale price).
Fast Cash Sale Example
– Current Appraised Property Value: $100,000
– Existing loan(s) payoff: $45,000
– Repairs needed: $5,000 (good condition)
– Sales price: $65,000 (70% x $100K minus $5K)
Note: Seller does not have to pay commissions, most closing costs, etc. Close in <7 days.
Advantages & Disadvantages
The advantage of a cash sale is SPEED and no hassles, closing costs, repairs, and no banks to get in the way and slow the process down. The property sells FAST and in its as-is condition.
The disadvantage of a cash sale is a lower sales price. Of course, this is somewhat offset by the fact that the seller is not paying commissions and closing costs, and because it sells fast, the seller is immediately relieved of having to pay the monthly mortgage, which may be very significant. This is the property selling equivalent to winning the lottery and taking the lump sum cash payment upfront.
When you see a sign saying “I Buy Houses For Cash” it means “I’ll pay you up to 70% of the property’s value, and do it fast”. For some people, such as sellers with lots of equity that need or want money quickly, this is a great deal. For others with little or no equity, this is not an option. For those with modest equity, or that want or need to make more money selling the property (and have the time to explore other options, this is probably not the best option.
Real Home Solutions will buy your property for cash and offer you several other options as well. Contact Us if you would like to explore this further.
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Get the FREE Guide and then give us a call at (720) 740-6610 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.