Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. Here is 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 anytime. We would 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’re not agents, and we don’t list houses. We are professional home buyers: We buy houses that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: Many of the houses we purchase are at full market value minus Realtor fees depending on condition. We do this because we are buying and holding these houses long term. Our goal is to buy as many properties as we can and rent them to local families who can enjoy the properties. We close very quickly with no time, effort, and with no expense required on your part to fix up the property or pay agent fees. 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 win-win price for both parties. Our 90 Second No Obligation offer makes it easy to find out if we are a good fit!
Q: How many inspections do you need to perform?
A: Typically we need to get into the property at least twice. The first inspection is to confirm that the property is in the condition that has been portrayed by the seller and that the property fits our buying criteria. The second Inspection is where we send our construction team to put together a budget for repairs. These inspections typically take 1-2 Hours depending on the size and condition of the property.
Q: How Quickly Can Alpha Capital Close?
A: We can close in as little as 10 Days after we complete our inspections!
Q: Does Alpha Capital Cover Sellers Closing Cost?
A: Typically we are paying market value for the properties we purchase therefore we do not cover closing costs. In most transactions each party is responsible for their own closing costs.
The traditional We buy Houses companies look to buy properties at a steep discount which is why they are able to cover Sellers closing Costs. We pride ourselves on being the highest Cash offer and that limits us from being able to close sellers closing costs. In certain scenarios we are able to make an exception.
Q: Do you buy properties with tenants in place?
A: We do buy with tenants in place on a case to case basis. Typically it depends on the location, condition of the property , how much the tenant is paying for rent and if the tenant is currently up to date on rent.
Q:What States Do you Currently buy Houses in?
A: We are Currently buying houses in Florida, Georgia , Texas, Connecticut, North Carolina, South Carolina , Tennessee , Kentucky, Alabama, Kansas, Nevada , Arizona , Illinois, Missouri, Ohio & Oklahoma.
Q: Why do we have to use Alpha Capitals Preferred Title Company for Closing?
A: We recommend using our preferred title company in efforts to streamline the sale of your house. We are currently buying around 100 Houses a month and by using the same preferred title company throughout, we are able to streamline the transactional process and ultimately get the money in your pocket sooner!
Q: Will my offer change after inspection?
A: Our goal is to stand true to our original agreement prior to inspection, with that being said Homeowners typically under estimate the amount of repairs their properties need. We advise our Reps to get as much info regarding the condition of the property up front in order to provide the most accurate offer possible. If you are transparent about the condition of the property then typically we do not have to renegotiate after inspections.
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 versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
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. Taking the many pieces of information into consideration, we come up with a fair price that works for us and works for you, too.
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 directly to us. We’ll make you an offer and, if it’s a fit, then we’ll buy your house with no hassles and no fees. We’ll often pay for the closing costs, too! We make our money after we pay for repairs on the house and sell it for a profit. We’re taking the risks 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 its payments, as well as cash in your hand.
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 6-12 months) and then take 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 6 to 12 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. Since we pay with all cash and purchase the house from you, we can make a decision to buy your house within a couple of days (sometimes even the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer.
Q: Is there any obligation when I submit my information?
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 on whether or not you’d like to sell your house to us. We’ll let you decide what’s right for you.
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Get your FREE Guide and then give us a call at 860-385-6987. We would love to discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.