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.
Will you be listing my house on the MLS or actually buying it?
We don’t list houses – we buy them directly. Jenkins Homebuyers purchases homes in Nashville that fit our criteria using our own funds, so there’s no waiting on bank approvals. After buying, we may resell the property or keep it.
How are you different from a real estate agent?
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 4-6 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 4+ 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 Nashville Agent | SOLD To Jenkins Homebuyers | |
|---|---|---|
| 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*: | Lengthy inspection & financing contingencies | Short review period. |
| 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 to 2 |
| 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. |
Do you pay fair prices for properties?
Many of the houses we purchase are below market value. We do this so we can resell it at a profit to another homeowner. We are looking to get a fair discount on a property. In our experience, many sellers aren’t necessarily expecting a large “windfall” on the property. Instead, they appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time, effort, or expense is 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 no-obligation pricing commitment means that you don’t have to move forward with the offer we give… but it’s good to know what we’re offering!
How do you determine the price to offer on my house?
We use a simple, transparent process. We consider your home’s location, condition, needed repairs, and recent comparable sales to determine a fair cash offer that works for both you and us.
Are there any fees or commissions to work with you?
No, there are absolutely no fees or commissions. Unlike selling through an agent, you won’t pay any listing fees or closing costs. We cover everything and make our profit after we repair and resell the home – so you walk away with cash in hand and no extra expenses.
Is there any obligation when I submit my information?
No, there’s absolutely no obligation. Once you share your property details, we’ll review them and give you a fair, all-cash offer. From there, it’s completely your choice whether or not to sell – no pressure, ever.
Fill Out The Quick Form Below To Get A No-Hassle, No-Obligation, All-Cash Offer
Call Now To Get Your Free Cash Offer! (615) 281-3117
Fill Out The Quick Form Below To Get A No-Hassle, No-Obligation, All-Cash Offer
Call Now To Get Your Free Cash Offer! (615) 281-3117
