Frequently Asked Questions About the Cash-for-Homes Process

If I enter my information, am I obligated to sell?

No, you are never obligated to sell your house to Home Buyers of Salt Lake City. When you send us your information, we use those details to begin building you a fair, as-is cash offer that’s based on your property’s current condition. If you change your mind and decide you don’t want to sell, there’s no penalty whatsoever. It’s your home. You decide whether or not you’re ready to sell it. 

What kinds of fees will I have to pay when selling my home?

You do not need to worry about paying any additional fees to sell your home to Home Buyers of Salt Lake City. We’ve designed our streamlined process so that everything is calculated into the offer we extend to purchase your home. You will not pay real estate commission fees, realtor fees, closing costs, or any add-on fees whatsoever. 

How is the offering price for my house determined?

We determine your fair cash offer based on the value of your home in as-is condition. We also factor in the value of the surrounding property, the value of other houses in your area, and what the current real estate market is doing. 

We perform property valuations much the same way as a traditional appraiser would. First, we’ll perform a walkthrough of your house to assess its current condition. We consider square footage, structural integrity, layout, and the projected cost of any necessary repairs. We also consider a number of other factors that might either detract from or add to your property’s current market value. 

What do you do with the home after you purchase it?

After we purchase your house and you collect your cash, there are a few things we might do with your home. Because we’re real estate investors, we have an extensive pool of resources to help us make any necessary repairs and renovations.

Once we complete the renovations, we then resell the home or rent it out. In some cases, depending on the condition of your home, we may also choose to sell the property to another investor directly after purchase. 

Can I sell my home if I am behind on the mortgage?

Yes, you can sell your house to Home Buyers of Salt Lake City even if you’re behind on your mortgage. In fact, we see this situation fairly frequently. We often work with homeowners who are struggling to make their house payments or who know that foreclosure is not far off. When you choose to sell your house for cash, you can use those funds to catch up on your payments, eliminate that debt, and move on with your life. 

How long will it take to sell my home?

The amount of time it takes to sell your home depends on your needs and situation. If you need to sell your house fast, we can make that happen. Within 24 hours of our initial meeting, we can extend a fair cash offer to purchase your home. If you need to sell in a hurry, we can typically close on the sale in less than two weeks. 

If, on the other hand, you need time to decide whether selling is the right choice, you can take all the time you need. It’s our goal to accommodate our clients’ needs, no matter their situation, so let us know what you need, and we’ll do our best to make it happen!

Do I have to move out right after selling my house?

No, you do not need to move out of your house right after selling it. As part of our process, we take the time to discuss your needs and situation so we can design a move-out timeline that suits you. If you need time to plan your relocation, let us know. We are flexible, so don’t hesitate to discuss your concerns with our team. 

Can I sell my house if I live out of state?

Absolutely. We work with many out-of-state homeowners who need to sell properties in and around Salt Lake City, Utah. When you’re ready to sell, just give us a call, and we’ll conduct the entire process remotely. We’ll work with you over the phone and via mail to coordinate your sale so you can get your cash. 

What types of houses do you buy?

We buy houses in any condition. Whether your home is brand new, dated, or falling apart, we’re ready to extend a fair cash offer to purchase your property. If it’s zoned as a residential dwelling, we’re interested in buying it. 

Ready to see how much cash we can offer you for your Salt Lake City home? Give us a call today, or contact us online to get the process started!