Frequently Asked Questions (FAQ’s)
We have formulated a “TOP 10” list of frequently asked questions so you can read through them. If your question is not listed please feel free to call us at (410) 657-2523 or contact us and we will try to answer any and all questions you may have.
1. How does this “We Buy Houses” Work?
A: Without a doubt this is the most frequently asked question that we get. The whole “We Buy Houses” concept is a mystery for some, while others view it as a “rip-off”. As we have stated previously, we don’t make “low-ball” offers. We cannot speak for other companies, but we can tell you how we do business. We are an ethical, family-owned business that treats people with respect, regardless of their circumstances. We are open & transparent with our business. Please refer to our “How it Works” page to see EXACTLY how we determine our offer for your property. No games or secrets here, just facts & numbers. Probably more detailed than you ever wanted! 🙂
2. Who exactly is “Maryland Home Buyers”?
A: My name is Steve Groom and as the Operations Manager for Maryland Home Buyers, we have been serving Maryland homeowners since 2002. We are a local, family-owned business with a track record of success. My team and I work hard to make the process Easy & Hassle-free for you. Find out more about us, our company & our Mission Statement on the “Our Company” page. Visit that page now, come in and get to know us a little. We are accomplished professionals, honest and down-to-earth, and we look forward to helping you with your real estate situation.
3. Will you list my house on the MLS or will you actually buy it?
A: Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses AS-IS for a fair price in Baltimore that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
4. Do you pay fair prices for properties or make “Low-Ball” offers?
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. However, in our experience, many sellers are not necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part to fix-up the property or pay agent fees. 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 fair win-win price. (Besides, our no-obligation pricing commitment means that you do not 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… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself. Head on over here download your free guide →]
5. How do you determine the price to offer on my house?
A: Great question, and we’re 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 values of comparable houses sold in the area recently. To get an up-close look at the entire process of determining the offer we make for your house, please check out our “How it Works” page. Here you will learn all of the “nitty-gritty” details of calculating your offer. Our Promise to You is that we will do our Very Best to bring you an Offer that Works for both of us.
6. Do I pay any fees or commissions to work with you?
A: There is NO money out of your pocket. 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 to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re 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… and often with cash in your hand).
7. How are you different from a real estate agent?
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 6-12 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We are not agents, we are home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Check out this direct comparison between selling to Maryland Home Buyers vs. listing with an agent. 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 (which is the hard part in this market).
8. Is there any obligation when I submit my information?
A: There is absolutely ZERO obligation for you. We know there are people out there eager to scam you, and eager to take advantage of you and your situation. To distinguish us from them, we make sure you know there are no costs to you. You truly and absolutely have nothing to lose. We make you an offer and if you accept the offer, great! If you do not accept the offer we will do our best to guide you in the right direction. We will never hassle you … it’s 100% your decision.
9. WHY Should I Choose Maryland Home Buyers?
A: Such a great question & one that we LOVE to answer. Honestly, you absolutely do not have to choose us! We are not desperate. We do not need to make a huge profit on each deal. But here is why you SHOULD choose to work with us:
Because we focus on YOU!
So no, you do not have to choose us, but if you do want to choose us, just fill in the short form below. We will take care of you. We also take care of the details of selling your house in order to make the entire process easy & hassle-free for you.
We are genuine and we are honest and we care. We are investors. So yes, we need to make money. But that doesn’t mean it has to be at your expense, and that doesn’t mean we cannot go out of our way to genuinely help you without expecting anything in return!
And last but not least… here is the last of our “TOP 10” Frequently Asked Questions:
A: Simply click on the link above, or complete the short form below. If you prefer to speak with a human, give us a call (410) 657-2523 now.
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Get the FREE Guide and then give us a call at (410) 657-2523 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.