Frequently Asked Questions
Here is a quick collection of some of the questions our clients have asked us over the years, along with our answers. If you still have a question, please don’t hesitate to contact us anytime. We love to chat and would be happy to take you step-by-step through our process of buying Minnesota homes for a fair cash price fast.
Q: Are you a realtor or are you going to actually buy my house?
A: We are not realtors offering to list your Minnesota property for a fee. We are professional home buyers and we purchase properties for cash.
Q: How do you determine the price to offer on my house?
A: Great question! It’s actually pretty simple. We use comparable sales in your area to determine the potential after repair value of your property. We then calculate the cost of any repairs or updates that need to be made as well as our holding costs, sale costs, taxes, etc… Those costs are deducted from the estimated after repair value along with our expected ROI (return on investment) and that gives us our purchase price.
Q: Do you pay fair prices for properties?
A: Yes, absolutely. Our sellers are people who need help with a situation or own homes that need repairs/updates and are happy to sell for a fair price in exchange for the speed and convenience of a flexible, quick, “as-is” cash sale. If your house is in fantastic condition and you have no time constraints or other challenges then listing with a realtor on the MLS is probably a better option for you. There are still traditional buyers willing to overpay for properties on the MLS because they plan to live in the homes and so don’t care about having equity. We cannot overpay because these are investments for us and we have to be able to turn a profit when we go to resell. While we can’t overpay, we can and do offer a fair price.
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 vs. the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: Are there any fees or commissions to work with you?
A: No.
Q: How are you different from a real estate agent?
A: People hire real estate agents in order to find a buyer for their home. When using an agent to find your buyer you can typically expect to pay between 6 to 8% of the sale price for commissions and another 2 to 4% for closing costs. So if you sell your property for $100,000 that can be up to $12,000 in selling costs. It can be quite expensive, however, if your house needs no work and you don’t mind a slow sales process it may be worth the cost if you can find a buyer that is willing to pay absolute top dollar. But it’s a gamble because you don’t know for certain what your house will sell for when you sign that legally binding listing contract with the realtor.
When you sell direct to Resolution Home Buyers you cut out the realtor commissions and closing costs as well as the uncertainty about price and the lengthy sales process.
Q: Is there any obligation when I submit my information?
A: There is no obligation to sell.
Q: My house is in really rough shape. You’d still buy it?
A: Yes, we buy houses in ANY condition.
Q: Do you buy hoarder houses?
A: Absolutely. You’d be surprised just how common houses with extreme amounts of clutter are. A good portion of the houses we buy are what people refer to as “hoarder houses”.
Q: Do you buy fire or water damaged houses?
A: You bet we do.
Q: My house is in great condition but I owe almost as much as the house is worth. If I sell with a realtor I’ll actually lose money because their commission would be more than what would be left over after paying off the mortgage. Can you help?
A: Frequently we are able to help sellers in these situations where a realtor cannot. Sometimes we can even put money in your pocket whereas with a realtor you’d actually have to pay them out of your own pocket to sell the house! Please contact us to discuss the specifics of your home and situation.
Q: I’m inheriting a house but probate doesn’t make sense because my relative has so much debt that any money that would come from the home sale would go to creditors. Can you help?
A: Inherited properties that have not been probated yet are one of our specialties! We would need more information to determine if we can help with your particular situation but we really are experts in this area. We know the loopholes and have helped many heirs to walk away with money when they thought there was more debt than the house was worth!
Q: I want to sell my inherited Minnesota house NOW but I’m stuck in probate.
A: Not a problem. We can work out a deal with you where we can help you with some cash now while you’re waiting for probate to finish up and once you’re court appointed we can officially close the sale and pay you the rest at that time.
Q: My Minnesota house was recently sold at a Sheriff auction. Is it too late for me?
A: This is another area of expertise for us and we can help you walk away from your foreclosed home with money instead of giving it all away to the bank. These situations are time sensitive though so it’s VERY important that you contact us right away.
Q: I was behind on my property taxes and now the county has taken my home.
A: Depending on how long ago the house was forfeited for delinquent taxes there may still be time for us to help. Please contact us right away to discuss.
Q: I’m relocating to another state and need to sell quickly. Are you able to help me?
A: Yes, absolutely. We’re able to act quickly since we aren’t dependent on bank financing. If speed to close is necessary we are your buyer!
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Get your FREE Guide and then give us a call at (612) 294-6005. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.