Here is a compilation of frequently asked questions from sellers like yourself. If you don’t find your specific question addressed here, feel free to reach out to us at (978) 644-0366 or fill out our “Contact Us” form, and we will be more than happy to provide answers to any inquiries you may have.
1. How is using Turning Point Home Buyers, LLC different from selling my house with the help of a real estate agent?
A traditional real estate agent usually handles the sale of your house, utilizing tools like the Multiple Listing Service (MLS) to showcase your property to a wide audience of potential buyers. This process often involves multiple showings over weeks or months until the right buyer is found. After a successful sale, you typically encounter various expenses, including title fees, closing costs, and the agent’s commission.
However, as investors, our approach is different. We offer a quick cash purchase for your property or find alternative buyers who can do the same. After renovating the property, we reintroduce it to the market and sell it to make a profit. This is how we earn. When you decide to sell your house to us, we cover the expenses related to inspections and closing, and you don’t have to worry about paying any commissions. We provide a cash payment, eliminating the need for a real estate agent and the extra costs associated with their services. This ensures a faster sale, reduces the complexities involved, and gives you a more straightforward experience.
2. How do I know this is the best course of action for me?
Navigating the sale of your property through traditional real estate channels can often become a prolonged and intricate process. It typically involves managing inspections, addressing necessary repairs, and accommodating a continuous influx of potential buyers visiting your property. Within this framework, the initial asking price may fluctuate, influenced by negotiated repair costs between you and the potential buyer.
In contrast, we conduct a thorough evaluation of your unique situation and shoulder all upcoming costs associated with the sale of your property. This approach allows us to provide you with a fair proposition, promptly alleviating you of the property.
Even if your property is in excellent condition, opting for a swift sale can still be an appealing choice. Following our comprehensive assessment of your real estate, we can offer personalized advice on whether engaging a traditional real estate agent would be more beneficial for your specific circumstances.
3. Who are you?
We are Turning Point Home Buyers, LLC, a well-established presence in the real estate sector with a lengthy history of aiding numerous sellers. Recognizing that selling a home is a significant decision, we acknowledge that everyone’s circumstances are unique. Through our collaboration with a network of associated investors, we are dedicated to identifying the best solution and providing an offer tailored precisely to your needs.
Transparency is the cornerstone of our principles. Our team and I are committed to delivering honest assessments of your property, always ready to guide you toward a more suitable alternative if our offer doesn’t align with your best interests. Rest assured, there are no obligatory commitments to engage our services, and we do not acquire every property presented by potential sellers. For further insights into our operations, we encourage you to explore Our Company page. Our pride is grounded in our unwavering reliability, our commitment to transparent and personable communication, and the wealth of expertise we bring to the table.
4. How does it work?
In our company, we’ve made selling your property a breeze by skipping the middlemen like real estate agents, lenders, appraisers, and inspectors. We specialize in quick and stress-free cash purchases of various properties—houses, condos, apartments, and land—regardless of their condition or location. Our process is simple. We kick off with a thorough market analysis (CMA) to determine your property’s value after giving it a modern touch through renovation inspired by HGTV standards. Afterward, we arrange a property inspection to check needed repairs and figure out the costs tied to buying and selling your property.
To keep our business running, we include a fair profit margin. However, we’re dedicated to keeping it at a minimum, ensuring a favorable deal for everyone involved. Instead of chasing hefty profits, our focus is on helping a broader range of individuals with modest margins. Transparency is at the core of our approach, and we provide you with a detailed breakdown of the transaction.
Choosing our services means you can skip expenses, the hassle of property showings, open houses, multiple inspections, and the lengthy listings commonly associated with traditional real estate agents. If you have more questions or want to dive deeper into our all-cash, as-is transactions, feel free to explore our How it Works page. Don’t hesitate to get in touch with us via call or text at (978) 644-0366. Even if buying your property doesn’t turn out to be the best option, we’re more than willing to assist you in your selling endeavors!
5. Why should I choose your company?
At the core of our service, we take immense pride in providing you with trust and transparency. We firmly believe in breaking down every financial aspect with straightforward mathematics, ensuring you have a clear understanding of both the offered price and the anticipated profit. Rest assured, our primary goal is to offer you the highest achievable payment. Additionally, we provide a comprehensive overview of the time and money you save by selling your property to us. Our unwavering commitment to honesty and fairness has earned us an outstanding reputation throughout Massachusetts.
While we prefer not to boast, we’ve earned our position as the top cash homebuyer in Massachusetts. Our approach revolves around treating clients with the utmost integrity and respect, positioning us as the leading experts in cash home purchases in the region. We genuinely care about your timeline, concerns, and terms, striving to present an offer that leaves you genuinely content. Our extensive network of investors and partners is dedicated to facilitating a smoother and swifter transition to the next chapter of your life.
6. What do you do with my house once you buy it?
Upon acquiring your property, our initial step is to kick off the refurbishment process, addressing any necessary repairs and renovation tasks to bring the property up to the standards akin to those seen on HGTV. Subsequently, we collaborate with a trusted agent to list and facilitate the sale of the property, covering all related expenses such as repairs, closing costs, fees, and commission. Ultimately, we find contentment in the modest profit generated, which empowers us to continue assisting other clients in their seamless property selling endeavors. We take great pride in our role in making positive contributions to communities and the economy by enhancing the value of neighborhoods throughout the state.
7. How many houses do you buy?
Our business model revolves around the acquisition of multiple properties, allowing us to offer you the most advantageous price. While our profit margins may be slimmer, the collective impact is significant thanks to our extensive client base. This approach ensures benefits for everyone, enabling us to assist a broader range of individuals and make a positive contribution to the communities we serve. In instances where we are unable to directly purchase your property, one of our investment partners may step in. We collaborate with seasoned professionals in the house flipping industry, and throughout the closing process, we engage the services of local, reputable attorneys to ensure a seamless and expedited selling experience for you.
8. How is the price you pay for my house determined?
Our process kicks off with evaluating the after-repair value (ARV) of your property, representing its potential market worth once we conclude the necessary renovations post-purchase. Our specialist conducts an on-site visit to accurately gauge the required repair and refurbishment expenses.
Additionally, we factor in the costs associated with selling the property. While you are fortunate to bypass the need for an agent when selling to us, we engage their services for listing the property following the purchase. We also assume responsibility for all holding and closing costs, fees, taxes, and commissions, typically amounting to approximately 10% of the ARV.
Following this, we deduct the ARV’s repair, refurbishment, and selling costs, incorporating our minimum profit margin. This calculation allows us to determine a fair price to offer you. Frequently, this sum is comparable to what you would receive when selling your property through traditional means, considering the additional out-of-pocket expenses typically associated with using an agent. However, with us, you can receive the payment in cash more swiftly, avoiding the conventional challenges of selling a property through an agent and listing. In traditional methods, securing a legitimate buyer can sometimes take months.
9. Do you pay a fair price?
Our commitment to maintaining a stellar reputation and upholding the highest standards of integrity means that we consistently offer you a fair and even-handed price. We believe in being transparent and using straightforward calculations to break down each aspect, giving you a clear understanding of how every dollar is allocated and the reasoning behind our proposed price. We assess your property’s market value, consider necessary repairs and post-purchase renovations, and then subtract the associated expenses, along with all selling costs. Our modest commission is then factored into the remaining balance, resulting in the cash offer we present for your property.
10. Do I need to clean my house before you buy it?
The remarkable aspect of our process is that you don’t need to stress about cleaning or repairing any aspect of your property. Just leave it in its current state, and we’ll handle all necessary aspects after the purchase of your home. This convenience is one of the advantages our clients genuinely appreciate when opting to sell their properties through this streamlined process.
11. Will you still buy my house if it is in poor condition?
Certainly, house flipping is a fundamental aspect of our business strategy. Our goal is to enhance the property’s market value through necessary repairs and improvements once we acquire it. This approach relieves you of the responsibility of managing these tasks independently, resulting in a selling price that is comparable to what you would receive from us, but without the prolonged challenges. While the transaction typically takes about a month, there are instances where we can conclude it in as little as two to three weeks. Our aim is to simplify the property selling process and ensure a seamless experience for you.
12. Wouldn’t it be easier to list my house with an agent on MLS?
While there might be cases where involving an agent and listing your property across various platforms is a reasonable choice, it often results in a lengthy and cumbersome process. Dealing with a continuous flow of potential buyers touring your property can be quite exhausting. Additionally, managing appraisers and inspectors and handling repairs independently can be quite a task as you aim to achieve the desired selling price.
Certainly, undertaking renovations may increase your asking price, but it can involve significant expenses that you have to bear on your own. Enduring weekend open houses and the persistent stress of possibly lowering your price after weeks or even months of no success can be quite taxing. Moreover, even after finding a buyer, the closing process itself can stretch over several weeks.
In contrast, we offer a prompt and trouble-free solution to help you attain the desired cash amount for your property. Our approach ensures a swift transaction, allowing you to move forward in your life without unnecessary delays or worries.
13. Will you list my house on the MLS?
No, we don’t list our clients’ properties on the Multiple Listing Service (MLS). We’re not acting as traditional real estate agents helping find buyers for your property. Instead, we step into the role of buyers ourselves! Working closely with your input, we determine the most favorable offer and present it to you. We handle the entire process from start to finish. After acquiring your property, we take care of any necessary repairs and then sell it to generate a profit. Meanwhile, you can swiftly walk away with cash, bypassing unnecessary delays. We provide you with a detailed breakdown of the intricate calculations involved in determining the offer, making sure you’re well-informed and content with the outcome.
14. Should I just list my house with an agent?
Choosing to list your property with a real estate agent can be a valid choice, depending on your timeline and the extent of necessary repairs. However, it can turn into a vexing and arduous process, involving extended showings, inspections, and potential financing obstacles that may prolong the selling process for several months. If you’re looking for a quicker and more hassle-free alternative, Turning Point Home Buyers, LLC has a solution. We offer a streamlined and professionally managed experience that ensures a prompt transaction, providing you with cash in hand while alleviating the stress typically associated with traditional selling methods.
15. How do I sell my house quickly for cash?
Our expertise revolves around the swift acquisition of properties for cash. We initiate the process by engaging in a comprehensive discussion about your property and its location, aiming to determine its maximum market value. Following this, we schedule a walkthrough to assess any necessary repairs and renovations. By factoring in the costs associated with these repairs and the selling process, we deduct them from the market value and incorporate our fair share. After this calculation, we present you with an offer that we believe will be highly satisfactory. The most enticing aspect is our ability to complete the transaction in as little as 21 days, ensuring that cash is promptly available to you. This approach eliminates the extended waiting periods and complexities often associated with engaging an agent and listing your property.
16. Do I have to pay fees and commissions if I work with you?
When you choose to team up with us, you can put aside any concerns about fees or commissions because we don’t function as traditional real estate agents. Fees and commissions only come into play when we sell the property after acquiring it from you. Our process for determining a price for your property involves three simple steps: first, we establish the market value; next, we evaluate the expenses tied to repairs, renovations, selling, and profit; and finally, we calculate the price and present it to you. Upon your approval, we move forward to mutually select a closing date and complete the necessary paperwork with the help of a trusted local attorney. This way, you can promptly sell your property and receive cash in return, free from any additional expenses.
17. Am I obligated to do business with you once I fill out the form?
Once you’ve completed the form, you are not obligated to proceed with us. Even if we start the process and you later decide it’s not the best fit for you, you won’t incur any costs. While we are confident that you will see the value in the service we provide, we respect your decision if you choose to explore other options. Our primary goal is to help you find the solution that best aligns with your needs. Our earnings come exclusively from the profit generated after we purchase your property and successfully sell it on the market.
You might have a handful of inquiries, and that’s absolutely fine; it’s a common scenario. So, here’s a concise compilation of some of the questions we commonly encounter, accompanied by our insightful responses. However, if your specific question isn’t covered, please don’t hesitate to reach out to us (or simply give us a call), and we’ll be more than happy to assist you with your curiosity.