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: Excellent question. The distinction lies in our role – we’re not traditional real estate agents, and our focus goes beyond simply listing houses. At Red Rock Properties, we pride ourselves on being professional home buyers. This means that we actively seek out properties in Tucson that align with our specific purchasing criteria.
What sets us apart is our approach to transactions. Unlike conventional methods that rely on bank financing, we have the financial resources in place to make direct purchases. This ensures that you won’t encounter delays or uncertainties related to our ability to close on a deal. Our goal is to streamline the process, providing you with a straightforward and efficient experience.
Once we acquire a property, our involvement may extend to making necessary repairs and improvements. This serves a dual purpose – enhancing the value of the house and ensuring it meets the standards we uphold. Following these enhancements, we may choose to resell the property to another homeowner who will appreciate its updated features, or alternatively, we might retain it as a rental property. Our multifaceted approach allows us to adapt to different circumstances, making the most out of each property acquisition in a way that benefits all parties involved.
Q: How are you different from a real estate agent?
A: Contrary to the traditional real estate model where agents list properties and wait for potential buyers, our approach at Red Rock Properties is distinct. Real estate agents invest time, often 4-6 months on average in many markets, showcasing properties to prospective buyers in the hopes of securing a sale. Once a buyer is found, the agent then claims a percentage—typically ranging from 3 to 6%—of the property’s sale price as their commission. For instance, on a $100,000 property, you could be paying between $3,000 and $6,000 in commissions.
While agents provide a valuable service for those who can afford to wait and are willing to part with a portion of their sale price to cover commissions, our approach offers a faster and more direct alternative. At Red Rock Properties, we are not real estate agents; we are home buyers. Our company directly purchases your house, offering the advantage of a quicker transaction. Because we use all-cash transactions, we have the ability to make a decision on buying your house within just a couple of days, sometimes even on the same day.
Our unique model relies on taking calculated risks by using our own capital to purchase your property. Once acquired, we assume responsibility for necessary repairs and improvements, handling the entire marketing process ourselves to find the next buyer. This streamlined approach not only expedites the selling process but also eliminates the need for you to pay hefty commissions, providing a more efficient and cost-effective solution for those looking to sell their homes promptly.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A Tucson Agent | SOLD To Red Rock Properties | |
|---|---|---|
| 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. |
| Inspection & 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: Do you pay fair prices for properties?
A: A significant portion of the houses we acquire falls below the market value. This intentional strategy allows us to secure properties at a fair discount, enabling us to make necessary improvements and resell them at a profit to future homeowners. Our focus is on creating a mutually beneficial arrangement where both the seller and our company find value.
Through our extensive experience, we’ve found that many sellers aren’t necessarily anticipating a large windfall from their property. Instead, they appreciate the advantages we bring to the table: a straightforward cash transaction, a rapid closing process without the delays associated with financing, and the elimination of the need for sellers to invest time, effort, or expenses in property repairs or agent fees.
If you’re seeking a hassle-free and swift solution to sell your house, and you recognize the value in a quick and efficient process, let’s explore the possibility of reaching a win-win agreement on the price. Our commitment to no-obligation pricing means that you have the flexibility to assess our offer without any obligation to proceed. It’s important for us that you have the information you need to make an informed decision, and we are here to ensure transparency and clarity throughout the process.
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: That’s a great question, and here at Red Rock Properties, transparency is key. Our process is designed to be as straightforward as possible. When evaluating a property, we carefully assess several key factors. First and foremost, we consider the property’s location, understanding the influence it has on its overall value. We also take a close look at what repairs may be necessary and thoroughly evaluate the current condition of the property.
To arrive at a fair and mutually beneficial price, we conduct a comprehensive analysis of comparable houses that have recently been sold in the area. This data provides valuable insights into the market trends and ensures that our offer aligns with the property’s true value.
By combining all these pieces of information, our goal is to propose a price that not only works for us but, equally importantly, works for you. We believe in fairness and transparency throughout the entire process, and our commitment is to find a price that reflects the property’s worth and meets your expectations. We’re more than happy to walk you through our evaluation process, ensuring that you have a clear understanding of how we arrive at the figures presented.
Q: Are there any fees or commissions to work with you?
A: Our approach at Red Rock Properties is a departure from the traditional method of selling your house, and it’s centered around providing you with a hassle-free and cost-effective experience. One of the standout features of our process is the absence of any fees or commissions when you choose to sell your house directly to us. This stands in stark contrast to the conventional listing approach, where sellers often find themselves parting with up to 6% of the sale price in the form of fees and commissions.
When you engage with us, we present you with a straightforward offer. If it aligns with your needs and expectations, we proceed to purchase your house without any hassles or additional fees. As an added benefit, we frequently take care of the closing costs, further easing the financial burden on your end.
Our business model revolves around assuming the risks associated with the property. We invest in necessary repairs and improvements, aiming to sell the property for a profit. This means that the burden of risk rests on our shoulders—whether we can sell the property for a profit or not is our responsibility. Once we acquire the house from you, the ownership and responsibility transfer to us, allowing you to walk away without the weight of property management and its associated payments. In return, you receive cash in hand, providing you with a seamless and lucrative solution to divest yourself of the property without the usual complexities and costs associated with traditional selling methods.
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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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
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Get your FREE Guide and then give us a call at (480) 389-6484. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.