Frequently Asked Questions (FAQs)

A fair cash offer is the amount a home buying company, like Moses Buys Houses, can pay all-cash for a property. A lot of factors are taken into account when coming up with this fair cash offer price. This includes:

• The location of the home
• The owner/renter makeup of the neighborhood, school district, safety
• The condition of the home
• The cost to repair any deferred maintenance to bring it up to modern standards (materials and labor, including hiring licensed general contractors and permitting)
• Existing liens and judgements against the house, plus any back taxes
• The value and condition of similar homes sold within a half-mile to mile radius from the property
• The average amount of time it takes for those properties to sell and close
• How quickly you, the seller, need to close
• Current real estate market activity and projections
• Planning for months worth of holding costs (such as the cost of capital, permits, taxes, insurance, utilities)
• Keep 5-10% contingency for any problems that pop up out of nowhere
• Plus all the costs we will incur on the resale of a rehabbed property, such as commissions and closing costs, which can add up to nearly 10% (something you won’t have to pay when you sell to us).

Ultimately, we offer a premium service to local homeowners who need to sell their home fast and, like any family-owned and operated business, we must be able to profit when we resell the house. That’s the only thing that can offset the risk we take with each home we buy, many of which have a lot of unforeseen problems.

We do not have the same guarantees we offer our clients, such as: knowing when or for home much the home will sell for months down the line. Once we make a fair all-cash offer, you’ll know exactly when and for how much your house will sell for. In effect, we’re offering you peace of mind, while you’re offering us an opportunity.

Now, at Moses Buys Houses, we are fans of creative real estate solutions, so there may be times where we will make an offer to a seller with several different options — each with different prices and terms. So we work with sellers to find what works best for both parties.

We provide a premium service which includes giving you a no-obligation cash offer, within 24 hours, after visiting the property. All of our fair cash offers are below market value, as explained above. We ensure you don’t pay any commissions, fees, and in most cases, any closing costs. Unlike a regular owner occupant homebuyer, you don’t need to make any necessary repairs — you won’t have to put a dime more into the property and can just walk away stress-free. Plus, we will buy your house “as-is”, regardless of condition of your property.

Here’s what will happen when we buy your home… We will wire transfer purchase funds to a reputable third-party title or escrow company. Once the title company receives the funds, they will request that you sign over the deed and other transfer documents.

If you have a mortgage or loan on the house, you can then use those funds to pay off any lenders and lienholders first, before transferring remaining difference into your bank account. So at the end of closing, the funds (cash) will be wired directly into your bank account.

If you really want to walk around with a briefcase at that point, you can pull the cash out of your account 🙂