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.
Are you going to list my house on the MLS or actually buying it?
Answer: Thank you for your inquiry. Unlike real estate agents, we are not listing your property on the MLS. At Louisiana Direct Home Buyers, we specialize in buying houses in Louisiana. If your property fits our criteria, we can provide you with a fair cash offer. Our purchasing process does not rely on bank financing, ensuring a smooth transaction. Once acquired, we may renovate the property for resale or retain it as a rental investment.
How do you differ from a real estate agent?
Answer: Real estate agents list houses on the MLS in the hope that a qualified buyer will come along. They work however long it takes to show the house to potential buyers, if there are any. The average time to sell a property in many markets is 4-6 months). The agents (you pay both the buyer’s agent and the seller’s agent) then take a percentage of the sale price if a buyer is found. Typically, the commission amounts to 3 to 6% of the sale price of your house. For example, if the house sells for $100,000, you’d pay anywhere from $3,000 to $6,000 in agent commissions.
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.
If you get a good agent, he/she typically works very hard over the next 4 months or so to sell your Louisiana house. Do you want to avoid paying hefty commissions to agents? Look no further! Unlike traditional agents, we are not middlemen. We are direct home buyers. It’s right in our name, Louisiana Direct Home Buyers. We purchase houses for cash and can provide you with a fair cash offer often the same day. We take the risk ourselves. We buy your house, handle repairs, and market the property to find the right buyer. Contact us at (504) 732-1988 to sell your house quickly and hassle-free!
Need a further breakdown? Look at this comparison chart:
| Selling w/ A Louisiana Agent | SOLD To Louisiana Direct Home Buyers | |
|---|---|---|
| Commissions / Fees: | Total up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | 90 Days +/- | We provide immediate cash offers. |
| Number of Showings: | Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | YOU choose the date. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Do you pay fair prices for properties?
Answer: The houses we purchase are typically below market value. Of course, we need to make a profit when we sell to sell to a buyer or rent it out. We are for properties with a fair discount. We have found that many sellers aren’t expecting a large “windfall” on the property. They just appreciate that we can offer cash and close very quickly, not having to wait on financing. They are able to walk away spending no unnecessary time, effort, or expenses on the property. Nothing is required on their part to repair the property or pay agent fees. If selling your house quickly appeals to you, we aim to negotiate a win-win price. Our no-obligation pricing commitment allows you to explore our offer without any pressure to proceed. Contact us at (504) 732-1988 to discover the value we can provide!
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 vs. the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
How do you determine the price to offer on my house?
Answer: Good question! We’re transparent on how we typically operate. Our process is very straightforward. We carefully analyze the location of the property, necessary repairs, current condition, our cost of financing, and the value of recently sold comparable houses in New Orleans. By synthesizing this data, we arrive at a fair price that benefits both parties.
Are there any fees or commissions to work with you?
Answer: We take pride in our transparent approach to real estate transactions. When you choose to sell your house directly to us in New Orleans, you can rest assured that there are NO fees or commissions involved, unlike traditional listing fees that can eat up to 6% of your sale price. Our process is straightforward – we’ll present you with a fair offer, and if it aligns with your needs, we’ll purchase your property without any hidden costs or hassles. We also cover the closing costs. Our profit comes from the renovations and eventual resale of the property; we shoulder the risks involved in selling for a profit. Once we acquire your property, we handle all further responsibilities, leaving you free from burdens of owning the property and with cash in hand.
Where Do You Get Your Funding to Buy My House?
Answer: Our funding comes from private lenders, who are individuals or private institutions that provide funding for real estate investments. Unlike traditional banks, these lenders offer more flexible terms and faster access to capital. They are typically experienced investors or high-net-worth individuals looking for a higher return on their money compared to conventional investments. A private lender will supply the funds needed to purchase your house. They will secure the loan with the property as collateral, meaning they have a vested interest in the property’s success. This allows us to quickly close the deal without the lengthy approval processes associated with bank financing. The benefits to you include a faster closing process and the assurance that the funding is readily available. This reduces the risk of the deal falling through due to financing issues.
Is there any obligation when I submit my information?
Answer: You are under no obligation whatsoever. After providing details about your property, we will evaluate the information, maybe arrange a call with you for further discussion, and present you with a fair all-cash offer. The final decision to sell your house to us is yours. We respect your autonomy in choosing what is best for you. And we’re vey kind and nice to people.
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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 (504) 732-1988. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.