Frequently Asked Questions
Maybe you have a few questions. That’s understandable. Below is a brief collection of commonly asked questions and our answers. If you have any additional questions, please feel free to contact us anytime at (214) 744-3037. We would be happy to answer any questions you may have.
1. Will you list my house on the MLS or buy it?
That’s an excellent question. We are not agents and do not list properties. At Tight Spot Home Buyers, we are professional home buyers who purchase houses in Texas that meet our specific criteria. Since we do not rely on bank financing, you can be assured of our ability to close on a deal. After acquiring a property, we may either make necessary repairs and resell it to another homeowner or retain it as a rental.
2. How are you different from a real estate agent?
Real estate agents list properties intending to attract potential buyers. They typically show the properties to interested parties, which can take 4 to 6 months in many markets. Once a buyer is found, the agent receives a commission based on the sale price, usually ranging from 3% to 6%. For example, if your home sells for $100,000, you could pay the agent between $3,000 and $6,000 in commissions.
Agents provide valuable services for those who can wait over four months to sell and are comfortable with paying commissions on the sale price. However, we operate differently. As home buyers, Tight Spot Home Buyers purchases the property directly from you. Because we pay in cash, we can decide to buy your home within a couple of days, sometimes even on the same day. Our business model involves taking the risk of buying the house outright, making necessary repairs, and marketing it ourselves to find a buyer.
3. Do you pay fair prices for properties?
Many properties we purchase are below market value, allowing us to resell them at a profit to another homeowner. We seek a fair discount on these properties. In our experience, many sellers do not expect a significant financial windfall; they value our benefits, including cash payments, quick closings (without waiting for financing), and eliminating any time, effort, or expenses related to property repairs or agent fees. We would happily discuss a mutually beneficial price if you want to sell your home quickly and hassle-free. Our no-obligation pricing commitment means you are not required to accept our offer, but knowing what we are willing to provide can be beneficial.
4. How do you determine the price to offer on my house?
That’s a great question, and we are happy to provide clarity. Our process is straightforward. We evaluate the property’s location, the necessary repairs, the home’s current condition, and the recent sale prices of comparable houses in the area. Considering all these factors, we determine a fair price that benefits both parties.
5. Are there any fees or commissions to work with you?
What sets us apart from traditional home-selling methods is that there are no fees or commissions when you sell your house directly to us, unlike the listing fees that can take up to 6% of your sale price. We will present you with an offer, and if it aligns with your needs, we will purchase your home without any hassles or fees. Additionally, we often cover the closing costs. Our profit is generated after we handle any necessary repairs and resell the property, assuming the associated risk. Once the sale is complete, the responsibility for the property is transferred to us, allowing you to walk away free from the burden of the property and its associated payments while also receiving cash in hand.
6: Is there any obligation when I submit my information?
There is no obligation on your part. After you provide us with some information about your property, we will review the details and may schedule a call to gather additional insights. We will then present you with a fair all-cash offer that benefits both parties. Ultimately, the decision to sell your house to us is entirely yours, and we will respect your choice.
By choosing our services, you can skip the expenses and inconveniences associated with multiple walkthroughs, open houses, extensive inspections, and prolonged listings with a real estate agent. For more information on securing an all-cash, as-is transaction, please visit our “How It Works” page. If you have any further questions, feel free to call or text us at (214) 744-3037. Should we determine that purchasing your property is not the best solution, we remain dedicated to helping you find the most suitable way to sell it.
Selling w/ A Texas Agent | SOLD To Tight Spot Home 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. |
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