{"id":169,"date":"2024-07-17T02:00:31","date_gmt":"2024-07-17T06:00:31","guid":{"rendered":"https:\/\/resimpliwebsites.com\/padcash\/?page_id=169"},"modified":"2024-07-17T05:31:25","modified_gmt":"2024-07-17T09:31:25","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.padcashllc.com\/faq\/","title":{"rendered":"Frequently Asked Questions"},"content":{"rendered":"\n
\n
<\/div>\n\n\n\n

Frequently Asked Questions<\/h1>\n\n\n\n

Maybe you have a few questions.<\/strong><\/span> That\u2019s okay; most people do. Here is a quick collection of some of the questions people ask us, along with our answers. If you still have a question, don\u2019t hesitate to contact us<\/a> anytime. We would be happy to answer it for you.<\/p>\n\n\n\n

Q: \u00a0Will you be listing my house on the MLS or actually buying it?<\/strong>
A: \u00a0Great question. We\u2019re not agents, and we don\u2019t list houses. Here at PADCASH<\/strong> we are professional home buyers:\u00a0We buy houses <\/a><\/strong>that meet our purchasing criteria, and we don’t use bank financing so you don’t have to worry about our ability to close on a deal. After purchasing, we may repair the house and resell it to another homeowner or keep it as a rental ourselves.<\/p>\n\n\n\n

Q:  How are you different from a real estate agent?<\/strong>
A: Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (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. Oftentimes, the agent\u2019s commission is 3 to 6% of the sale price of your house. If it\u2019s a $100,000 house, you\u2019ll pay between $3,000 to $6,000 in commissions to an agent. <\/p>\n\n\n\n

Agents provide a great service for those that can wait 4+ months to sell and who don\u2019t mind giving up some of that sale price to pay for the commissions. But that\u2019s where we\u2019re different. We\u2019re not agents, we\u2019re home buyers. Our company buys the house directly from you. Since we pay with all cash and purchase the house from you, we can make a decision to buy your house within a couple of days (sometimes even the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer.<\/p>\n\n\n\n

Looking for this to be broken down further? Here’s a comparison chart to give an overview:<\/strong><\/p>\n\n\n\n

 <\/th>Sell with an Agent<\/th>Sell to PADCASH<\/th><\/tr><\/thead>
Commissions \/ Fees:<\/strong><\/td>Up to 6%<\/em><\/span>, paid by you, the seller<\/td>None<\/td><\/tr>
Who Pays Closing Costs?<\/strong><\/td>2%<\/em><\/span> on average is paid by you, the seller<\/td>We pay all costs.<\/td><\/tr>
Inspection & Financing Contingency*:<\/strong><\/td>Yes<\/em><\/span>, sales can fall through.<\/td>None needed<\/td><\/tr>
Appraisal Needed:<\/strong><\/td>Yes<\/span><\/em>, the sale is often subject to appraisal.<\/td>No, we make cash offers<\/em><\/span>.<\/td><\/tr>
Average Days Until Sold:<\/strong><\/td>+\/- 91 Days<\/td>We provide immediate cash offers.<\/td><\/tr>
Number of Showings:<\/strong><\/td>It Depends<\/td>1 (Just Us)<\/td><\/tr>
Closing Date:<\/strong><\/td>30-60+\/- days after accepting the buyer’s offer<\/td>The date of YOUR CHOICE.<\/td><\/tr>
Who Pays For Repairs?<\/strong><\/td>Negotiated during the inspection period<\/td>We pay for all repairs.<\/td><\/tr><\/tbody><\/table>
*An inspection contingency<\/strong> lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similarly, a financing contingency<\/strong> gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.<\/sub><\/figcaption><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Q:  Do you pay fair prices for properties?<\/strong>
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\u2019t 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\u2019s what you\u2019re looking for and you see the value in getting your house sold fast, let\u2019s 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\u2019s good to know what we\u2019re offering!<\/p>\n\n\n\n

<\/div>\n\n\n\n
\n

DOWNLOAD our free guide that walks you through the Pros and Cons<\/strong><\/a> (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.<\/em><\/p>\n\n\n\n

Head on over here to download your free guide \u2192<\/a><\/em><\/p>\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n

Q:  How do you determine the price to offer on my house?<\/strong>
A:  Great question, and we\u2019re 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<\/em><\/strong> 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.<\/p>\n\n\n\n

Q:  Are there any fees or commissions to work with you?<\/strong>
A: This is what makes us stand out from the traditional method of selling your house: there are NO fees<\/span> or commissions when you sell your house directly to us compared to listing fees, where up to 6%<\/em><\/span> comes out of your pocket. We\u2019ll make you an offer and, if it\u2019s a fit, then we\u2019ll buy your house with no hassles and no fees. We\u2019ll 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\u2019re 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.<\/p>\n\n\n\n

Q:  Is there any obligation when I submit my information?<\/strong>
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we\u2019ll 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\u2019s fair for you and fair for us. From there, it\u2019s 100% your decision on whether or not you\u2019d like to sell your house to us. We\u2019ll let you decide what\u2019s right for you.<\/p>\n\n\n\n

Want To See What We Can Buy Your House For?<\/h3>\n\n\n\n

Fill Out The Quick Form Below To Get A No-Hassle, No-Obligation, All-Cash Offer<\/h4>\n\n\n\n