Frequently Asked Questions

Since starting our business, we have worked with people in different circumstances, and we have received a lot of questions about what we do. People are curious about how a cash sale works and how it can benefit their particular situation. Through this page, we’ll try to answer most of your questions. If you still have a question, don’t hesitate to contact us or give us a call at (401) 290 8784. We’ll be happy to answer it for you. 

So the #1 Question: 

Q: Do You Buy Houses Or Do You List on the MLS? 

No, we don’t list on the MLS. We’re not agents, so we’re not going to start searching for a buyer. We buy houses in Providence, RI. As a part of our service, we help homeowners and purchase homes that meet our purchasing criteria. We can offer a quick process that is different from an agent listing. If you have a burdensome property or you want to sell your house fast for any reason, we can help. 

In short, we’re the end buyer, and we pay cash for properties in RI. 

Q: Do You Pay Fair Prices for Properties? 

A:  Many of the houses we purchase are below market value. That’s because of the condition of the property (ugly houses, significant repairs required). We’re also looking to get a fair discount on the property. In our experience, most homeowners aren’t looking for 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, effort, or expense is required on your part. There are no commissions, and you don’t have to make any repairs. 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!)

Selling your home for cash isn’t the only option out there. The same is true about agent listings. For the right decision, you need to know about your options. Download this free guide that walks you through the pros and cons of each option. We list the cost and timeline of selling your home to a real estate investor. Plus, we also talk about the other two options (FSBO and listing with an agent). You’ll get a complete overview so you can decide with confidence. 

Get Your Free Guide Here….

Q: How Do You Determine a Fair Price for My House? 

Our process is very straightforward. We look at the property’s location, what repairs are needed, the property’s current condition, and the values of comparable houses sold in the area recently. We consider many pieces of information… and come up with a fair price that works for us and works for you too.

Our team can run the numbers to show you the exact calculations that lead to a fair price. We want you to work with us. That means you will receive a fair cash offer. (No lowball offers). 

Q:  Are there any fees or commissions to work with you?

In a traditional sale, you need to pay for commissions and closing costs, which are 8%-10% of the sale price. That’s not the case here, and 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 fast to Ocean State Homebuyers. We’ll make you an offer, and if you find it a fit, you can sell your house fast in just 7 days. We’ll pay for all the closing costs and associated expenses. 

Q: Are Cash Sales Better? 

We suggest you run the numbers and then determine the answer to this question. A cash sale can be a great fit for your situation if: 

  • You want to avoid commissions.
  • You don’t want to make repairs.
  • You don’t like delays and unexpected showings.

Home sellers spend a significant sum on repairs, commissions, closing, and holding costs. A cash sale helps you avoid all these costs and saves you precious time. If you’re short on time and want to sell your house fast, then receiving cash is advantageous. 

Join us for a free consultation. We’ll let you know if a cash sale is the best option for your particular situation. 

Q:  How are you different from a real estate agent?

A: Real estate agents list properties and hope that someone will buy them. The agent markets your property and then take a percentage of the sale price if they find a buyer. Often, 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 an excellent service for those who can wait 6-12 months to sell and don’t mind giving up some of that sale price to pay for the commissions.

But that’s where we’re different: We’re not agents, we’re home buyers. Our company buys houses. We don’t list on the MLS. Since we’re the ones buying the house from you, and we pay with all cash. We can decide to buy your home within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our cash, repair the home, and market it ourselves to find a buyer (which is the hard part in this market).

Q:  Is there any obligation when I submit my info?

A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll 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’s fair for you and fair for us. From there, it’s 100% your decision whether or not you’d like to sell your house fast to us. And we won’t hassle you, won’t harass you… it’s 100% your decision, and we’ll let you decide what’s right for you.

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Sell Your House Fast: Pros and Cons (FREE Guide)

Download our free guide here that walks you through the pros and cons of selling to a real estate investor. Or you can always contact us for a free consultation or a no-hassle evaluation. 

Get the FREE Guide, and then give us a call at (401) 290 8784, and we’ll discuss what your home is worth and how much cash we can offer for your property in RI.