Frequently Asked Questions
Maybe you have a few questions. Here is a quick collection of some of the questions people ask, along with our answers. If you still have a question, don’t hesitate to contact us anytime.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. Here at Equitable Property Group, we are trusted home buyers: We buy houses in the Milwaukee Area that meet our purchasing criteria, and we pay all cash.
Q: How are you different from a real estate agent?
A: Real estate agents charge a 5-6% fee to list properties. The agent shows the properties to prospective buyers (the average time to sell a property in many markets right now is 4-6 months) and then takes a percentage of the sale price if they find a buyer. Example; If it’s a $200,000 house, you’ll pay $12,000 in commissions to agents. I buy houses for CASH and I pay for all closing costs and fees. Many times I rehab the house and sometimes keep or sell the home.
Q: What does “as-is” mean?
A: We buy your house in as-is condition…meaning you don’t have to worry about doing any repairs, fixing your house up, or getting it ready for showings. We’ll handle all the repairs, inspections, etc. after we purchase your home.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Wisconsin Agent | SOLD To Equitable Property Group | |
|---|---|---|
| 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, up to 15% of sales can fall through. | None |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | None, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | IMMEDIATE CASH OFFER |
| 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 | None – We pay for all repairs. |
Q: What does “all-cash offer” mean?
A: All cash means exactly that – ALL CASH! Because we buy houses directly, we don’t rely on traditional financing like retail house buyers. When you sell to us, there’s no risk of financing falling through or closing being delayed. When we make you an offer, that’s the full amount you’ll receive if you sell us your property.
Q: Will I get a low-ball offer?
A: Our goal is to provide you with the most fair win-win offer possible. We pride ourselves on Trust, Integrity and Compassion. Unlike other buyers or the big tech giants (Realtor.com, Blackrock.com, etc.), we’re transparent with how we arrive at an offer amount. What we offer is based on what the value of the property may be once we make the necessary improvements and upgrades. We’re entirely transparent with this offer process and happy to walk you through how it works.
Q: How do you determine the price to offer on my house?
A: Great question! 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 price that is a win-win solution for you and I.
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 pay for all costs.
Q: How “fast” is a “fast closing”?
A: After you send us information about your home, we can make you a no-obligation, fair cash offer in as little ast 24 hours. After that, we can close at a local, reputable title company in as little as 7 days.
Q: What if I don’t need or want a “fast closing?”
At Equitable Property Group, we work on your time frame. Family comes first! We pride ourselves on Trust, Integrity, and Compassion. If you don’t need a fast closing due to the need to make arrangements, explore your future options, etc – we can schedule the closing for a day that works best for you.
Want To See What We Can Buy Your House For?
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