Frequently Asked Questions
It’s perfectly normal to have questions, and we’re here to help answer them. We’ve compiled a list of common questions and their corresponding answers for your convenience. And if you can’t find the answer you’re looking for, please don’t hesitate to reach out to us. We’re always happy to assist you.
Q: Do you list houses or buy them outright?
A: Here at Brightside 901, we are professional home buyers in Memphis. We have a set of purchasing criteria, and if your house meets them, we may be interested in purchasing it. If not, we take advantage of our large investor network in order to find the best option for selling your property. Rest assured that we have the ability to close on a deal without using bank financing. After purchasing, we may choose to repair the house and resell it to another homeowner or keep it as a rental property.
Q: How is Brightside 901 different from other buyers and real estate agents?
A: Many people turn to real estate agents to sell their properties, but this can often result in a lengthy process. Agents list properties and wait for interested buyers to come forward, which can take up to 4-6 months in some markets. Additionally, agents typically take a percentage of the sale price as commission, which can range from 3 to 6%. For a $100,000 house, this means paying between $3,000 to $6,000 in commissions to the agent.
At Brightside 901, we offer a different approach. We are not agents, but professional home buyers who purchase properties directly from homeowners. We can make a decision to buy your house within a couple of days, sometimes even the same day. This means you don’t have to wait for months to sell your property and you don’t have to pay any commissions to an agent. Our company can take on the risk of buying the house without bank-financing delays. We take on the chore of making needed repairs, and marketing it ourselves to find a new buyer.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Memphis Agent | SOLD To | |
|---|---|---|
| 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 offers without outside appraisals |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date that works for you |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: Do you pay fair prices for properties?
A: At Brightside 901, we purchase many properties below market value, as a means to resell it at a profit to another homeowner. Our goal is to provide a fair discount on a property, and we’ve found that many sellers aren’t looking for a large financial gain. Instead, they appreciate that we can get them out from under their property, without waiting for financing or paying agent fees. You won’t need to put in any time, effort, or expense to fix up the property. If you’re interested in selling your house quickly and value our approach, let’s see if we can come to a win-win price for both parties. Remember, our pricing commitment is no-obligation, so you don’t have to move forward with the offer we give.
DOWNLOAD a 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: Our approach to pricing is transparent and easy to understand. We take into account various factors such as the property’s location, necessary repairs, current condition, and recent sales of comparable houses in the area. From there, we work with you to determine a fair price that suits both of our needs. We believe in making the process as simple and stress-free as possible for our clients.
Q: Are there any fees or commissions to work with you?
A: One thing that sets us apart from the traditional method of selling your house is that we don’t charge any fees or commissions. When you sell your house directly to us, you won’t have to worry about listing fees that can take up to 6% out of your pocket. We’ll make you an offer and if it’s a good fit, we’ll buy your house without any hassles or fees. We may even cover the closing costs! Our profit comes from selling the property after we’ve made any necessary repairs. We take on the risks associated with selling the property, so you can walk away without the burden of the property and its payments, as well as some cash in your pocket.
Q: Is there any obligation when I submit my information?
A: You are under no obligation to sell your house to us. We’ll evaluate your property and possibly request a call to gather more information. Then, we’ll present you with a fair offer. It’s entirely up to you whether or not to accept our offer and sell your house to us. You have the final say in what’s best for you.
Want To See What We Can Buy Your House For?
Fill Out The Quick Form Below To Get A No-Hassle, No-Obligation Offer
Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
Download this FREE Guide here and contact us anytime with questions or if you would like a no-hassle Situation Evaluation. Learn more about how we help Memphis homeowners sell their unwanted properties, easily.
Get your FREE Guide and then give us a call at 901-500-9665. We would love to discuss what your home is worth and what we can offer.