Frequently Asked Questions (FAQs)
You have questions and we have answers. This page hopes to answer all of your questions simply and directly. However, if you have questions that our FAQs don’t answer, we are available over the phone to also answer your questions. Don’t hesitate to call us and allow us to clear up any concerns or confusion.
Q: Why would I sell my house to a local Iowa investor versus listing with a realtor?
Great question! At Iowa Cash Offer, we are real estate investors. This means we buy houses at a discount in order to make a profit. Homeowners that sell a house to investors need a fast and guaranteed sale, regardless of the condition of the house or the situation they are personally in. We also make the process super simple an easy, much like selling a car to a car dealership. This means you can also skip any repairs.
Q: Are your offers reasonable or do you “low ball”?
We buy houses that need work or need a fast and guaranteed sale. We use a strict formula to calculate our offers. This includes 10-15% profit. It also includes the cost of repairs, Realtor fees, carrying costs and closing costs. We use the same formula that every investor uses. Any variation in our offer is based on money costs, rehab estimates and expected minimum profit. We can explain this more over the phone and/or give you an offer for your home, which you may decline without any obligation.
Q: What are your fees?
Our offer to you is what you get, after you subtract your mortgage payoff, liens and/or code violations. We cover all your closing costs and take no fees or commissions from you.
Q: Do you buy houses that are in really bad condition?
The only houses we can’t buy are the ones where the rehab is more than the house is worth. However, this rarely happens and you may be surprised to find out that we can still buy your dilapidated house!
Q: How are you different from a real estate agent?
We are very different from agents. Their primary purpose is to find you a buyer that will pay top dollar. As investors, we are buyers. We are trying to buy your house and as buyers, we want a fair deal. Agents have a lengthy process that will net you more money but may take several months. With us, if you accept our offer, we can close fast.
By the way, we are cash buyers. This means we don’t rely on stodgy banks to get our money. We don’t require an official inspection and we don’t ding you on details. We buy as-is and there are no inspections that guarantee the deal is killed.
Q: What happens when I submit my information?
Once you submit your info, a team member from Iowa Cash Offer will contact you immediately to finalize your cash offer. We will discuss any details that would affect the value of the house or the cost to rehab and then we will make your our offer. Then you can decide if you want to sell to us or call a real estate agent. If you do decide to sell to us, we can start the closing process the same day!