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 and we purchase properties quickly and for cash. 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: At 401 Sold Fast, we specialize in acquiring properties below market value, offering homeowners a quick sale without the usual hassles like waiting for financing, making repairs, or paying agent fees. Our streamlined process guarantees a fair and competitive price for both parties involved. If you prefer a speedy and stress-free selling experience, reach out to us today. Benefit from our no-obligation pricing commitment, providing you with all the necessary information to make an informed decision about selling your property in Rhode Island. Contact us at 207-239-1148 to discover how we can assist you!

Q: How do you determine the price to offer on my house?
A: That’s a great question, and we’re excited to share the transparent approach we follow. At 401 Sold Fast, we take a straightforward approach: evaluating the property’s location, required repairs, its present condition, and recent sales of similar homes in the area. By considering these key factors, we establish a price that works for us while also aligning with your needs. Our goal is to create a win-win solution that works for us both!

Q: Are there any fees or commissions to work with us?
A: At 401 Sold Fast, we pride ourselves on offering a distinct approach to selling your house. When you opt to sell directly to us, you can rest assured that there are NO fees or commissions involved. Our process is straightforward – we provide you with a competitive offer, and if it meets your requirements, we will purchase your property without any charges. In addition, we often cover the closing costs as part of our commitment to ensuring a seamless experience for you!

Here’s the deal: Our earnings come from handling necessary property repairs and selling it for a profit. We take on the risks involved to guarantee a successful sale. Once we acquire your home, all responsibilities shift to us, relieving you of the property’s burdens and financial obligations. You can move forward with cash in hand, ready for your next chapter.

Q:  How are we different from a real estate agent?

In the realm of real estate, conventional agents list properties and hope for a buyer to appear. They may spend extended periods showcasing properties to potential buyers (with the average sale duration ranging from 6-12 months in many markets) and receive payment only upon successfully securing a buyer, wherein they take a percentage of the sale price as their commission. Typically, this commission falls between 3 to 6% of the property’s sale value. Thus, for a $100,000 property, you could potentially be looking at commissions ranging from $3,000 to $6,000 paid to an agent.

However, we differentiate ourselves by not acting as agents but as direct home buyers. 401 Sold Fast directly acquires properties from you. Through all-cash transactions, we can swiftly assess and purchase your property within days, sometimes even on the same day. Our business model revolves around shouldering the risk of buying properties with our own capital, managing repairs, and independently marketing the property to locate a buyer. This unique approach prioritizes speed and convenience for sellers like you.

Q: In what kinds of situations would selling to a cash buyer be more advantageous than listing it with an agent.
A: Every situation is different and at 401 Sold Fast, we prioritize understanding your unique circumstances to tailor an offer that fits your needs. Cash buyer deals are conducted on an as-is basis, making them ideal for properties in distressed conditions or with livability issues. Unlike traditional market listings, where banks may hesitate to provide loans for such properties, we can swiftly provide a fair cash offer regardless of the property’s condition. This eliminates the uncertainty of potential buyers falling through due to financing issues during the selling process.

Additionally, scenarios like foreclosure, probate, divorce, liens, or evictions often demand a quick sale, making a cash buyer the preferred choice. Conventional market sales can be time-consuming, whereas we, as cash home buyers, can close the deal in 10 days or less. This rapid process ensures you receive the necessary funds promptly to address any pending liens, foreclosures, evictions, or divorce-related matters. For individuals managing probate proceedings, a swift cash transaction can be crucial for settling debts and estate obligations efficiently.

Q: Is a cash offer price typically less than an on-market price?
A: In most cases, a cash offer price is indeed lower compared to an on-market price. This difference is primarily due to various factors. Firstly, a cash offer eliminates expenses such as realtor commissions, fees, and seller-paid closing costs, which can amount to around 10% of the sale price. For instance, selling a house on the market for $100,000 would result in a net profit of $90,000 after deducting these costs. Secondly, cash offers are usually lower because they offer speed and convenience. With a cash offer, you can expect a swift transaction that puts money in your pocket within 10 days, without the hassle of dealing with property repairs, liens, or troublesome tenants.

Q: Is there any obligation when I submit my information?
A: Rest assured, there is absolutely no obligation on your part. Once you provide some information about your property, we will initiate the process, possibly schedule a call to gain a deeper insight, and then present you with a fair all-cash offer. This offer is designed to be equitable for both parties, prioritizing your best interests. The decision to sell your house to us rests entirely in your hands – it’s 100% your choice. Your autonomy and preferences are paramount to us.

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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide: 

Download our FREE Guide here and contact us anytime with questions or if you would like a no-hassle Situation Evaluation. Learn more about how we help Providence homeowners sell their unwanted properties for cash.

Get your FREE Guide and then give us a call at 207-239-1148. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.