FAQs on Selling Your Home For Cash in OR

Maybe you have a few questions. That’s okay; most people do. So here’s 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 reach out to us at (503) 482-8693 or submit your info online.

Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses Portland that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.

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. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of 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 fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)

This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand).

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 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 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 actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes 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 (which is the hard part in this market).

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… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.

ibuyhaus will provide all the services typically offered by a real estate agent, but without the added fees. We are committed to ensuring you have the necessary support throughout the entire process. Our team of escrow officers will be by your side to provide guidance, and our staff will always be available to assist you. We're here to break down and address any questions you may have, ensuring that you fully grasp each and every step of the process.

We've completed transactions in Portland as quickly as 7 days from initial contact. Once you accept our offer, the contract is promptly signed, and we initiate the escrow process on the same day. If you need more time, that's also fine!

At ibuyhaus, we tailor our schedule to fit yours. The day that suits you best is the day that suits us. As a cash homebuyer we do not have to work around a bank's timeline.

Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Closing cost are anywhere from 3-7% of the home’s purchase price and include loan origination fees, underwriting fees, appraisal fees, title fees, and more. With ibuyhaus, you aren't on the hook for any of those closing costs. We pay them all!

"iBuyers," which are typically large tech companies, rely on algorithms to determine your house's price. They often fail to price in the value of up and coming neighborhoods because they are unfamiliar with Oregon & Washington. Dealing with iBuyers can often feel impersonal, akin to the frustration of calling a company like CVS and desperately shouting 'Person, person, I want to talk to a person!' If unforeseen circumstances arise, like needing extra time to pack beyond the closing date, iBuyers may not be accommodating. Additionally, iBuyers often charge a higher service fee than agents, averaging around 9%, and in some cases, it can go as high as 13%. While iBuyers share some similarities with our business, the standout factor that sets us apart from our competitors is our dedicated team. We genuinely care and are committed to guiding you every step of the way.