Frequently Asked Questions
Maybe you have a few questions. No problem! Most people do. Here’s a quick collection of some of the questions people ask us, along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call at 208-999-3396) and we’ll be happy to answer it for you.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We are professional home buyers: We buy house in Boise, Nampa, Caldwell, and throughout the Treasure Valley that meet our purchasing criteria. We have many means of buying your house, with our own money, creative options, with private money lenders, and with other investors with whom we have formed relationships. From there, we may repair or renovate the the house and resell it to another homeowner or keep it as a rental property.
Q: Do I need to make repairs or clean my home before you make an offer?
A: No, you do not! That is one of the best parts of selling your home to Gem State Cash Offer because our offer includes to purchase “as-is”, so you don’t have to spend another penny on repairs or cleaning! No matter if you have tenants that have trashed the place (if that’s you, you’re not alone!), haven’t been able to keep up with repairs for whatever reason, have a house that’s just too big to maintain now, or even if your house is in good shape, we will buy it “as-is” should we come to an agreement. We’ve bought houses in ALL conditions to be sure!
Q: Do you pay fair prices for properties?
A: The short answer is yes! But the choice and ultimate decision is yours, and we’re certainly not for everyone. Many of the houses we purchase are not retail market value since we buy “as-is” and close quickly with cash, but we buy many houses and people are often surprised by much we can offer. Since we are in the business of adding value to a property after purchase and then reselling it at a reasonable profit, we are looking to get a fair discount on a property based on its current condition. In our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash and close very quickly (no waiting for financing) or on their timeline, doing so with no time, effort, or expense required on your part of fix up the property or pay agent fees. If that’s what you’re interested in for whatever reason and you see the value in getting your house sold easily and fast, contact us and to see if we can come to a fair win-win price. Besides, our no-obligation, no-pressure 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 as another option available to you!
[DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself. Head on over here download your free guide →]
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 straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. With the recent events of COVID-19 and although the market may be a bit uncertain where prices possibly drop for the first time in a long time here in the Boise metro area, we will objectively consider the above information and your selling goals – not rumors or hype – to come up with a fair price that works for us and hopefully works for you too. Just know we are ready to buy when you are ready to sell.
Q: Are there any fees or commissions to work with you?
A: 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 us. We’ll make you an offer, and if it’s a fit then we’ll buy your house and we’ll pay for the closing costs too! No hassle. No fees. We make our money after we pay for necessary repairs and renovations on the house and sell it for a reasonable profit (we’re taking all of the risk here on whether we can sell it for a profit or not). Once we buy the house from you, the responsibility is ours and you walk away without the burden of the property and any payments, often with cash in your hand.
Q: How are you different from a real estate agent?
A: Real estate agents list properties on the MLS to reach prospective buyers looking to purchase typically to try and get “top dollar”. Various agents will show a property to prospective buyers and then take a percentage of the sale price if they find a buyer. Often times, the broker’s commission for whom the agent works is anywhere from 3 – 6% of the sale price of your house (so if it’s a $200,000 house, you’ll pay between $6,000 – $12,000 in broker commissions!). Agents and their brokers provide a great service for those that who don’t mind paying this chunk for the commissions and deal with the process of listing with an agent. That process includes spending money to get the property ready to list, keeping the house in “show ready” condition inside and out, and being ready leave somewhere (maybe with children and pets!) for an hour or two for each showing. Eventually, if the house is priced correctly, you’ll get an offer…YES! That’s terrific, but then sets off a whole new series of events like counteroffers, formal inspections, costly repair requests and contingencies, loan approvals (fingers crossed!) for the buyers not to mention final credit checks just days before closing the deal. So that’s where we’re different as we’re not acting as your agent, we’re local Boise area home buyers. Gem State Cash Offer actually buys houses in as-is condition, we don’t list houses on the MLS. We pay with cash that is not contingent on a personal loan and we can make a decision to buy your house typically same day and close in as little as a week (most people want to close in 2-3 weeks). Again, we make our living by taking the risk to buy the house fast with our own cash, repair or renovate the house, and then market it ourselves to find a buyer for a reasonable profit.
Q: Is there any obligation when I submit my info?
A: No, no, and NO. There is absolutely ZERO obligation for you to receive our offer. 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 hopefully fair for you and for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us and we won’t hassle or harass you. You decide what’s right for you. If we’re not a fit, that’s totally okay, no hurt feelings and know we will do everything we can to help you sell your property, even if that means listing it with an real estate agent (we can also refer an awesome agent!).
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Get the FREE Guide and then give us a call at 208-999-3396 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.