Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. Here is 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 anytime. We would be happy to answer it for you.
Q: What kind of houses does JCH Properties buy?
A: JCH Properties buys all type of houses. We work with home owners looking to sell their property quickly or without hassle. Our goal isn’t to take advantage of you but to turn your difficult situation into a mutually beneficial situation for both of us. Regardless of your reason for needing to sell your house, you should understand that you are not the first person to be in such a situation. We’ve bought properties that need repairs and can’t be sold on the traditional market. Other properties may have been inherited and you’re looking for someone to coordinate amongst the multiple beneficiaries. Some properties have been in good shape but you don’t have the time to sit on market and need to be gone quickly or have the mortgage handled quickly. JCH Properties handles just about any type of situation or problems you could present.
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 exchange for a simplified process for you as the seller. In our experience, many sellers aren’t necessarily expecting a large payday on the property. Instead, they appreciate that we can offer cash, we can either close quickly or can close on your time table, and no efforts are required on your part to fix up the property or pay agent fees. We buy as-is and make it simple and straightforward. If that’s what you’re looking for and you see the value in getting your house sold easily, 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 and what variations might exist based on your bottom line asking price and timing available.
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
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 market value of comparable houses sold in the area recently. The key is what price comparable houses are selling for recently, not the asking price. Taking the many pieces of information into consideration, we come up with a range of offers at a fair price that works for us and works for you, too.
Q: Are there any fees or commissions to work with you?
A: 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 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 cover traditional seller closing costs so you don’t have to worry about unknown costs later. We do often ask that any taxes due are paid or backdated HOA fees often required by the HOA before you can sell to anyone. However these don’t have to come out of your pocket, we incorporate them into the closing. Ultimately, we make our money after we pay for repairs on the house 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, 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 average time to sell a property in many markets right now is 3-6 months) and then takes a percentage of the sale price if they find a buyer. These buyers don’t always close, in fact there’s a back out rate much higher than sellers would want to hear. The Agent’s control on the buyer is extremely limited. Oftentimes, the agent’s commission is 3 to 6% of the sale price of your house. If it’s a $100,000 house, you’ll pay between $3,000 to $6,000 in commissions to an agent.
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 much quicker than the traditional sale process. Under some alternative offer types, we would have access to the property before the close to perform due diligence and gather feedback. But we make our living by taking the risk to buy the house with cash, repair the house, and market it ourselves to find a buyer. We’re also much more adept as business decisions and solving problems to bring things to a close than many new agents out there who’ve been newly licensed after a simple two week course.
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, set up a call with you to find out a bit more, and make you a few offers that are 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: If I am facing foreclosure, will you buy my property?
A: Not only will we make you an offer, but we help people avoid foreclosure entirely and still cash out some of your equity. Avoiding the foreclosure can set you up for faster credit repair after the missed payments and still be able to buy a new property when the time is right for you. Timing is critical to reach out to us before the process gets too close to a final auction or eviction date, but we’ve helped many homeowners sell a property in pre-foreclosure and get the bank it’s payoff plus any back fees, and get you some of that equity that you’ll otherwise lose if the bank completes foreclosure.
Q: I’m feeling lost and overwhelmed, what should I do?
A: First, realize that this is just a low point and this will pass. You’re not the only one going through your situation, no matter what it is, people are forced into needing to sell their home and they move on to improve their situations. Second, you don’t need to fight the battle alone. We at JCH Properties have dealt with all the reasons people need to sell. Whether it’s a divorce, inheritance, pre-foreclosure, repairs you can’t afford, bad tenants, we’ve seen it all and have solutions to guide you through.
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Get your FREE Guide and then give us a call at 815.267.6563 (call or text). We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.