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. Here at Rowling Homes, we are professional home buyers: We buy houses in Cincinnati & NKY that meet our purchasing criteria, and we don’t use bank financing so you don’t have to worry about our ability to close on a deal. After purchasing, we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
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 3-6 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 3+ 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.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Cincinnati, Northern Kentucky Agent | SOLD To Rowling Homes | |
|---|---|---|
| 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 |
| 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 Cincinnati & NKY. By analyzing all these factors, we determine a fair price that aligns with market trends and meets your expectations as a homeowner.
Q: Are there any fees or commissions to work with you?
A: When you sell your house directly to Rowling Homes, there are NO fees or commissions involved, unlike traditional listing fees that can eat up to 6% of your sale price. We present you with a fair offer, and if it aligns with your needs, we handle the entire process without any hassles or costs. In fact, we even cover the closing expenses! By selling to us, you eliminate the uncertainties and financial burdens associated with property ownership, walking away with cash in hand and peace of mind.
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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