Frequently Asked Questions
It’s natural to have questions, and you’re not alone in that. Below, we’ve compiled a list of common questions we receive, along with our detailed answers.
Should you have any more inquiries or need further clarification, please feel free to reach out to us at any time. We’re always here and ready to provide the information you need.
Q: Are you going to put my house on the MLS, or are you the actual buyers?
A: Excellent question! At Bohemia Acquisitions, we’re not real estate agents, so we don’t list houses on the MLS. Instead, we’re direct buyers. This means we purchase houses in Alpharetta ourselves, following our specific buying criteria. We use our funds to buy homes, which ensures a smooth and reliable closing process without the uncertainties of bank financing. Once we buy a house, we might fix it up and sell it to another homeowner, or we might keep it as a rental property. Our focus is on buying directly from homeowners like you.
Q: What sets you apart from a typical real estate agent?
A: That’s a key question. Unlike real estate agents, who list properties on the market and wait for potential buyers (which can take anywhere from 4 to 6 months on average), we operate differently. Agents usually show the property to potential buyers and charge a commission on the sale price, often ranging from 3% to 6%. For example, selling a $100,000 house through an agent could cost you $3,000 to $6,000 in commissions.
Real estate agents are a good choice for those who have the time to wait for a buyer and are willing to pay commission fees. Our approach at Bohemia Acquisitions, however, is distinct. We are direct buyers, not agents. We buy houses directly from homeowners like you, paying in cash. This allows us to quickly make an offer, sometimes within a day. Our business model is based on purchasing homes with our own cash, taking care of any necessary repairs, and then handling the marketing and sale of the home ourselves. This process is streamlined and efficient, tailored for homeowners who prefer a faster, more direct sale.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Alpharetta Agent | SOLD To Bohemia Acquisitions | |
|---|---|---|
| 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. |
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 can offer cash, we close very quickly (no waiting for financing), and no time, effort, or expense is required on your part to 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 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!
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 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: 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 compared to listing fees, where up to 6% comes out of your pocket. 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. 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: 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 house to you if it’s in poor condition?
A: Absolutely! We specialize in buying houses in any condition. Whether your house needs minor repairs or major renovations, we’re interested. We assess each property individually and make an offer that reflects its current state. Our goal is to ease the burden of repairs from homeowners like you.
Q: Will I need to clean or stage my house before selling it to you?
A: Not at all. One of the benefits of selling to us is that you don’t need to clean, declutter, or stage your home. We buy houses as they are, which means you can leave behind anything you don’t want. We handle all the cleaning and staging after the purchase.
Q: How quickly can you close once an offer is accepted?
A: We pride ourselves on our ability to close quickly. Typically, we can close within a week of the offer being accepted. However, we’re also flexible and can work with your schedule if you need more time.
Q: What kind of properties do you buy?
A: We buy a wide range of properties, including single-family homes, condos, duplexes, townhouses, and even some commercial properties. Our focus is primarily on residential real estate in Alpharetta.
Q: Do you buy houses with tenants?
A: Yes, we do. We can purchase properties that currently have tenants. We handle all the necessary arrangements with tenants after the purchase.
Q: Are there any types of properties you don’t buy?
A: While we are open to most types of properties, there are some we typically don’t buy, such as properties in extremely poor condition that are beyond repair, or properties located in areas we are not currently focusing on.
Q: What if my house is in foreclosure?
A: We can still buy your house even if it’s in foreclosure. We understand that this can be a stressful time, and we strive to offer solutions that can potentially save your credit and help you avoid foreclosure.
Q: How long does it take to get an offer?
A: Once we have all the necessary information about your property, we usually make an offer within 24 hours. Our process is designed to be quick and efficient.
Q: What if I owe more on my house than it’s worth?
A: In situations where you owe more than the house’s value, we can sometimes work out a deal with your lender to buy the house for less than what’s owed.
Q: Do you only buy houses, or do you buy apartments and land too?
A: Our primary focus is on buying houses, but we do consider apartments and land as well, depending on their location and condition.
Q: Will I need to pay for any repairs before selling?
A: No, you won’t need to pay for any repairs. We buy houses in their current state and take on the responsibility and cost of any necessary repairs after the purchase.
Q: Can I sell my house if I’m behind on mortgage payments?
A: Yes, you can. We can work with you to find a solution that might include buying your house to avoid potential foreclosure.
Q: Do you work with a specific type of seller?
A: We work with all types of sellers, from those needing to sell quickly due to a move or financial reasons, to those who are looking to avoid the traditional selling process.
Q: What happens to my mortgage when I sell my house to you?
A: When you sell your house to us, the proceeds from the sale will first be used to pay off your mortgage. Any remaining funds are then paid to you.
Q: Can I sell my house to you if I have a lien on it?
A: Yes, it’s possible to sell your house with a lien on it. We will work with you to understand the lien and see how we can incorporate its resolution into our purchasing process.
Q: How does the process work if I’m going through a divorce?
A: If you’re going through a divorce, we can work with both parties to ensure a smooth sale. We understand this can be a sensitive situation and strive to make the process as easy as possible for everyone involved.
Q: What if my house is in a less desirable neighborhood?
A: We buy houses in all types of neighborhoods. The location will be factored into our offer, but it does not necessarily disqualify your property.
Q: How do you handle the closing costs?
A: Typically, we handle all closing costs, which is a part of what makes selling to us attractive to many homeowners. There are no hidden fees or costs for you.
Q: What if I’m not in a hurry to sell my house?
A: That’s perfectly fine. We can work with your timeline, whether you want to sell immediately or at a later date. We’re flexible to meet your needs.
Q: Can I sell part of my property, like a backyard or a side lot?
A: This depends on local zoning laws and the specifics of your property. We can look into this with you to determine if it’s a possibility.
Remember, if you have more questions or need specific advice, don’t hesitate to reach out to us at Bohemia Acquisitions. We’re here to make your house selling experience as smooth and stress-free as possible.
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