Here is a compilation of frequently asked questions from sellers like yourself. If you don’t find your specific question addressed here, feel free to contact us at (503) 389-3122 or fill out our “Contact Us” form, and we’ll be more than happy to answer any inquiries you may have.
1. How is using Shona Buys Houses different from selling my house with the help of a real estate agent?
A traditional real estate agent oversees the sale of your house using tools like the Multiple Listing Service (MLS) to showcase your property to a broad audience of potential buyers. This process often includes multiple property showings, extending over weeks or even months until a suitable buyer is found. Following a successful sale, you typically encounter various expenses, including title fees, closing costs, and the agent’s commission.
In contrast, as investors, we propose a swift cash purchase for your property or identify alternative buyers capable of the same. After renovating the property, we reintroduce it to the market and sell it to generate a profit, constituting our revenue source. When you opt to sell your house to us, we cover the expenses related to inspections and closing, and you are not obligated to pay 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 offers a more streamlined experience.
2. How do I know this is my best course of action?
The traditional real estate selling process can become protracted and intricate, involving inspections, essential repairs, and accommodating a continuous stream of potential buyers visiting your property. These factors may influence the initial asking price, subject to negotiations over repair costs between you and the potential buyer.
In contrast, we conduct a thorough evaluation of your situation and assume all upcoming costs associated with the sale of your property. This approach enables us to provide you with a fair proposition, promptly relieving you of the property.
Even if your property is in excellent condition, a fast sale can still be appealing. Following our comprehensive assessment of your real estate, we can offer tailored advice on whether engaging a traditional real estate agent would be more beneficial for your specific circumstances.
3. Who are you?
We are Shona Buys Houses, a well-established entity in the real estate sector with a lengthy history of assisting numerous sellers. Acknowledging that selling a home is a substantial decision, we recognize that everyone’s circumstances are unique. Through our collaboration with a network of affiliated investors, we are unwavering in our commitment to identifying the best solution and presenting an offer tailored precisely to your needs.
Transparency forms the cornerstone of our principles. Our team and I are dedicated to providing honest assessments of your property, always ready to steer you toward a more suitable alternative if our offer doesn’t align with your best interests. Rest assured, there are no obligatory commitments to engage our services, and we do not acquire every property presented by potential sellers. We encourage you to peruse Our Company page for further insights into our operations. We take pride in our unwavering reliability, our commitment to transparent and personable communication, and the wealth of expertise we bring to the table.
4. How does it work?
In our company, we simplify the property selling process by cutting out intermediaries such as real estate agents, lenders, appraisers, and inspectors. Our specialization lies in quick and hassle-free cash purchases of various properties, encompassing houses, condos, apartments, and land, regardless of their condition or location. Our approach follows a clear path. We initiate with a comprehensive market analysis (CMA) to determine your property’s value after modern HGTV-standard renovations. Subsequently, we schedule a property inspection to evaluate necessary repairs and establish the costs associated with buying and selling your property.
To sustain our business, we incorporate a reasonable profit margin. However, our commitment is to keep it at a minimum level, ensuring a favorable deal for all parties involved. Instead of prioritizing substantial profits to the detriment of homeowners, our focus is on assisting a broader range of individuals with modest margins. Transparency is foundational to our approach, and we furnish a comprehensive breakdown of the transaction.
By opting for our services, you can sidestep expenses, the hassle of property showings, open houses, multiple inspections, and the prolonged listings commonly linked with traditional real estate agents. For further inquiries or a deeper understanding of our all-cash, as-is transactions, explore our How it Works page. Feel free to call or text at (503) 389-3122. Even if purchasing your property doesn’t emerge as the best option, we are more than willing to assist you in your selling endeavors!
5. Why should I choose your company?
At the heart of our service, we take immense pride in providing you with trust and transparency. We firmly believe in breaking down every financial aspect with straightforward mathematics, ensuring you clearly understand the offered price and the anticipated profit. Please be assured that our primary goal is to offer you the highest achievable payment. Furthermore, we offer a comprehensive overview of the time and money you save by selling your property to us. Our unwavering commitment to honesty and fairness has earned us an outstanding reputation throughout Oregon.
Without boasting, we have positioned ourselves as the top cash homebuyer in Oregon. Our approach revolves around treating clients with the utmost integrity and respect, establishing us as the region’s leading experts in cash home purchases. We genuinely care about your timeline, concerns, and terms, striving to present an offer that leaves you genuinely content. Our extensive network of investors and partners is dedicated to facilitating a smoother and swifter transition to the next chapter of your life.
6. What do you do with my house once you buy it?
Upon acquiring your property, our initial step is to kickstart the refurbishment process, tending to any necessary repairs and renovation tasks to elevate the property to standards reminiscent of those featured on HGTV. Subsequently, we partner with a trusted agent to list and oversee the property’s sale, covering all associated expenses, including repairs, closing costs, fees, and commission. Ultimately, we derive satisfaction from the modest profit generated, enabling us to persist in assisting other clients in their seamless property selling endeavors. We take 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?
At the core of our business model is the acquisition of multiple properties, allowing us to extend the most advantageous prices to you. While our profit margins may be narrower, the cumulative impact is significant, thanks to our extensive client base. This approach ensures mutual benefits, enabling us to assist a broader range of individuals and contribute positively to the communities we serve. In instances where a direct purchase of your property is not feasible, one of our investment partners may step in. We collaborate with seasoned professionals in the house flipping industry, and throughout the closing process, we enlist the services of local, reputable attorneys to ensure a smooth and expedited selling experience for you.
8. How is the price you pay for my house determined?
Our process commences with a meticulous evaluation of your property’s after-repair value (ARV), indicating its potential market worth post-renovations. Our experts conduct an on-site assessment to precisely gauge the necessary repair and refurbishment costs.
Furthermore, we consider the expenses linked to selling the property. While selling to us eliminates the need for an agent, we engage their services for listing post-purchase. We also cover all holding and closing costs, fees, taxes, and commissions, typically amounting to around 10% of the ARV.
Following this, we subtract the ARV’s repair, refurbishment, and selling costs, integrating our modest profit margin. This calculation enables us to determine a fair and competitive offer. Often, this figure aligns with what you’d receive through traditional means, considering the additional out-of-pocket expenses typically associated with using an agent. However, with us, you receive the payment in cash promptly, bypassing the conventional challenges of selling through an agent, where securing a legitimate buyer can take months.
9. Do you pay a fair price?
Our unwavering commitment to maintaining an outstanding reputation and upholding the highest standards of integrity ensures that we consistently provide you with a fair and equitable price. We firmly adhere to transparency and employ straightforward calculations to outline each aspect, granting you a precise understanding of how every dollar is allocated and the reasoning behind our proposed price. The equation involves evaluating your property’s market value, factoring in the necessary repairs and post-purchase renovations, and then deducting the expenses related to these enhancements, along with all associated selling costs. Our modest commission is subsequently incorporated into the remaining balance, culminating in the cash offer we present for your property.
10. Do I need to clean my house before you buy it?
A noteworthy aspect of our process is that you don’t need to worry about cleaning or repairing any aspect of your property. Simply leave it in its current state, and we will manage all necessary aspects after the purchase of your home. This convenience is one of the benefits our clients genuinely appreciate when choosing to sell their properties through this streamlined process.
11. Will you still buy my house if it is in poor condition?
Certainly, house flipping is a fundamental aspect of our business strategy. We strive to increase the property’s market value through necessary repairs and improvements once we acquire it. This approach alleviates you from the burden of managing these tasks independently, resulting in a selling price comparable to what you would receive from us but without the prolonged challenges. While the transaction typically takes about a month, there are instances where we can conclude it in as little as two to three weeks. We aim to streamline the property selling process and ensure a seamless experience.
12. Wouldn’t listing my house with an agent on MLS be easier?
In certain situations, opting for a real estate agent and listing your property across various platforms may seem like a viable choice. However, this often results in a protracted and cumbersome process. Managing a continuous stream of potential buyers touring your property can become exhausting. Additionally, handling appraisers and inspectors, along with managing repairs independently, can be laborious tasks in your endeavor to achieve the desired selling price.
Certainly, undertaking renovations may increase your asking price, but it can involve substantial expenses that you must bear on your own. Enduring weekend open houses and the persistent stress of possibly lowering your price after weeks or months of no success can be incredibly taxing. Moreover, even after identifying a buyer, the closing process can extend over several weeks.
On the flip side, we offer a swift and hassle-free solution to help you obtain the desired cash amount for your property. Our method ensures a prompt transaction, enabling you to proceed without unnecessary delays or concerns. Our streamlined approach eliminates the need for prolonged property showings, open houses, and the complexities associated with traditional real estate methods.
13. Will you list my house on the MLS?
No, we do not list our clients’ properties on the Multiple Listing Service (MLS). Our role differs from that of real estate agents who assist in finding buyers for your property. Instead, we function as the buyers ourselves! Through collaboration with your input, we formulate the most favorable offer and present it to you. We manage the entire process from inception to conclusion. After acquiring your property, we take charge of any required repairs and subsequently sell it to generate a profit. In the meantime, you can receive cash promptly, avoiding unnecessary delays. We provide you with a comprehensive breakdown of the intricate calculations in determining the offer, ensuring that you are well-informed and content with the outcome.
14. Should I just list my house with an agent?
Depending on your timeline and the extent of necessary repairs, opting to list your property with a real estate agent can be a valid choice. However, it can transform into a vexing and arduous process, involving extended showings, inspections, and potential financing obstacles that may prolong the selling process for several months. If you are seeking a quicker and more hassle-free alternative, Shona Buys Houses provides a solution. We offer a streamlined and professionally managed experience that ensures a prompt transaction, providing cash in hand while alleviating the stress typically associated with traditional selling methods.
15. How do I sell my house quickly for cash?
Our expertise lies in the swift acquisition of properties for cash. We kick off the process by engaging in a comprehensive discussion about your property and its location to determine its maximum market value. Subsequently, we schedule a walkthrough to assess any necessary repairs and renovations. By factoring in the costs associated with these repairs and the selling process, we deduct them from the market value and incorporate our fair share. Following 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 is promptly available to you. This approach eliminates the extended 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 engaging with us, rest assured that concerns about fees or commissions are unnecessary, as we operate differently from traditional real estate agents. Fees and commissions only come into play when we sell the property after acquiring it from you. Our streamlined pricing process involves three simple steps: first, determining the market value; next, assessing expenses related to repairs, renovations, selling, and profit; and finally, presenting you with a calculated price. Upon your approval, we collaboratively choose a closing date and complete the necessary paperwork with the guidance of a trusted local attorney. This efficient process allows you to swiftly sell your property and receive cash without incurring additional expenses.
17. Am I obligated to do business with you once I complete the form?
Upon form completion, there is no obligation to proceed with us. Even if we initiate the process and you later find it’s not the ideal fit, no associated costs are incurred. While we believe you’ll recognize the value in our service, we respect your decision to explore other options. Our primary goal is to help you find the solution that best aligns with your needs. Our earnings are derived solely from the profit generated after acquiring and successfully selling your property on the market.
You may have a few inquiries, and that’s perfectly normal—it’s a common situation. Therefore, here’s a concise collection of frequently asked questions with informative answers. However, if your question is not addressed here, please feel free to contact us (or call us directly), and we’ll gladly help satisfy your curiosity.