Frequently Asked Questions

Maybe you have a few questions for us at Fair Sale Homes. That’s okay; most people do. Here is a quick collection of some of the questions people ask us, along with our answers based on our knowledge, experience, and how we work. If you still have a question, don’t hesitate to contact us anytime.

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. We are professional home buyers and we purchase properties quickly, AS-IS, and for cash. From there we may repair the house or apartment; and resell it to another homeowner or keep it as a rental ourselves.

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 deliver CONVENIENCE. We offer cash, we close very quickly (no waiting for financing), there are no photos to take and no showings to strangers; it’s easy and stress free, especially for properties with unique problems. If that’s what you’re looking for and you see the value in getting your house sold fast in Los Angeles, CA. 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!

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: Opposite of the traditional method of selling your house, there are NO fees or commissions when you sell your house directly to us. 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 or hold it as rental property. 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:  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 timeframe to sell a property in many markets right now is 4 to 6 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 4 to 6% of the sale price of your house. If it’s a $100,000 house, you’ll pay between $4,000 to $6,000 in commissions to an agent.

Agents provide a great service for those that can wait 4 to 6 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.

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.

Q:  Can I sell my CA house with a tenant living there?
A: Yes, it is possible to sell your house with a tenant living there. The responsibility for managing the tenant’s lease will transfer to the the buyer. Our team has purchased homes and apartments with tenants living there. If the property is in poor condition and has a tenant living there, we will discuss a solution with you to do what is in the best interest of the tenant as well as the property itself.

Q:  Why do you want to see the property’s condition?
A: The property does not need to be in picture perfect condition, and we will not ask you to make any repairs. We buy properties of all shapes, sizes, and condition. The reason we want to walk the interior and exterior of the property is to make a list of the repairs we will take responsibility for. We pay for the repairs once we buy the house.

Q:  Do you buy apartments or land in CA?
A: Yes, we buy apartments just like we buy homes. If you are considering how to sell your apartment, there are a number of options we can assist with depending on both the property’s situation. If the apartment needs a lot of repairs, has problem tenants, or is at risk of foreclosure… or if you want to sell your apartment in order to do a 1031 exchange or cash out to retire, contact us.

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Get your FREE Guide and then give us a call at (626) 863-7006. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.