Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. Here is a quick collection of some of the most common questions people ask us, along with our answers. If you still have a question, don’t hesitate to contact us anytime.
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 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’s commission is 3 to 6% of the sale price of your house. If it’s a $100,000 house, you’ll pay between $3,000 to $6,000 in commissions to an agent.
Agents provide a great service for those that can wait 4+ 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’re not agents, we’re home buyers. Our company buys the house directly from you.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ An Agent | SOLD To Dominion Properties | |
|---|---|---|
| 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 cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book. Our process is very transparent. We carefully assess the location of the property, required repairs, the current condition of the property, and the value of comparable houses recently sold in the surrounding area.
Q: Are there any fees or commissions to work with you?
A: Experience the difference with us – when you sell your house directly to Dominion Properties, there are NO fees or commissions involved, unlike traditional listing fees that can eat up to 6% of your sale price.
Q: Is there any commitment when I provide my information?
A: You are under no obligation whatsoever. Once you share details about your property, we will evaluate the information, potentially schedule a call to delve deeper, and then provide you with a competitive all-cash offer. The decision to sell your house to us is entirely yours. Your choice matters, and we want you to do what’s right for you.
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