How Our Home Selling Process Works

Favor Home Solutions started buying houses in Tennessee in 2016. Since then, we’ve expanded to buy houses fast for cash in over 30 states across the country! 

WE ARE NOT REAL ESTATE AGENTS… we’re real cash home buyers!! It means we don’t charge you fees or commissions to sell your house fast to us — it’s truly 100% FREE to sell your house fast for cash to Favor Home Solutions!

Our promise & guarantee to everyone is this: to never waste your time & provide the simplest and easiest home-selling process around! And if we are not the best fit to buy your house, we’ll be honest with you. Then, we will help connect you with the person or company that is the better fit in your city. Yes, we buy houses fast for cash, but we care more about helping people in our community than anything else.

The short answer: YES!

We understand that this has been a difficult time for many folks, so regardless of your viewpoint, we want to be honoring, kind, and understanding of your situation. Our goal is to provide an easy and fast home-selling process!

We’re doing our best to adhere to the ever-changing state, city, & federal guidelines for COVID-19 because we truly care about you and your family’s well-being (and take it very seriously). Here are a few of the options we have available for folks who want to sell their home:

• Chatting over a good, old-fashioned phone call! Just call us at 423-509-8686 or fill out a form (see above) to get an offer.
• Instead of scheduling an in-person showing, we can do things virtually via Zoom, FaceTime, or you can send us pictures of the inside & outside of the house. Whatever you’re most comfortable with!!

All documents can be signed electronically. Plus, our fabulous title company can do virtual closings! You’ll get closing documents overnighted to you, so you can get all documents notarized and overnight them back to us using the pre-paid label enclosed in the package you received!

Don’t worry if this sounds confusing; our team will make sure to walk you through the entire process to guarantee that it’s fast and convenient for you.

Favor Home Solutions:

• We don’t charge fees or commissions when we buy your house… IT’S 100% FREE!
• We will buy your house on your timeline — 2 weeks, 2 months, or 2 years- we will work with you on your timeline.
• We buy houses As-Is, meaning you never have to make extensive repairs or even clean your house to sell.

A Real Estate Agent:

• Typically charges 3% of the house’s sales price as their commission, plus you’re stuck paying another 3% for the buyer’s agent. That’s 6% in total, and that’s before considering closing costs or other buyer requests.
• An agent can’t guarantee a closing date because all of the buyers that will be looking at your house during showings are using bank financing, which means there are inspections, appraisals, and uncertainties. The process usually takes a minimum of 60 days when finding a traditional buyer on the MLS.
• Usually, a buyer who finds your house on the MLS will ask you to make repairs before closing or ask for “seller concessions” for money toward closing costs, repairs, etc. This usually comes at the last minute and is unexpected (aka, more money out of your pocket).

Sometimes selling with an agent isn’t for everyone. If you’re willing and able to sell with an agent, then, by all means, go for it! But we exist to provide a simple, smooth, and fast option to folks who want to sell a house fast without the stress, hassles, and expenses that come with an agent. After all, we’re the experts when it comes to providing fast & fair cash offers.

• First, one of our team members will answer the phone or give you a call after you fill out the form to ask basic questions about the home.
• Next, we’ll set an appointment to come to look at the home, OR we can do a virtual showing. We can do a Zoom/Facetime walk-through, or you can send us pictures & videos of the house, whichever you prefer.
• We’ll then identify what repairs need to be done and how much the house could sell on the open market and present you with our cash offer.
• Our team is here to guide you at any time during the process and answer any questions. 

ABSOLUTELY NOTHING except give you a call about your house. WE NEVER EVER EVER give away or sell your information. We value and prioritize your privacy, and only essential personnel can access these forms (aka Caleb, Rick & our team).

While we primarily make cash offers to buy houses, we always make multiple offers to every homeowner we speak to. One is a cash offer, and the other offer is some form of, what we call, a creative offer. If you own your property free and clear, we will make a seller financing offer where we’d pay you some money down and make equal monthly payments to you. The other creative offer we make is we can take over your mortgage payments and give you some cash in hand at closing.

It’s important to note: we’re ALWAYS able to offer YOU MORE for your house with a creative offer. The more time we have to pay, the more we can offer.

Meaning that we can pay you more money over 5 years, broken into monthly payments, as opposed to paying cash fast in 2 weeks.

Don’t worry; we’ll explain each of our offers in full detail and help you make the decision that best suits your situation. We aim to pay you the most money possible so you can sell your house fast. 

Here’s everything included in every offer we make:

• We pay 100% of the closing costs- making it 100% FREE to sell your house fast to us.
• There are never, ever, any fees or commissions.
• Flexibility- we can close on YOUR timeline/schedule.
• We’ll buy your house as-is, meaning there are never any repairs you’re required to make to sell your house fast for cash.
• Our promise and commitment are to make the process simple, never waste your time, and ensure everything is handled in a smooth, fast fashion.

Nope! When you call us, fill out a form, or request an offer from us, you’re never obligated to do anything at all. With our cash offer, you can take it or leave it- no sweat either way 🙂

In-person appointments usually take 30-60 minutes. We can be flexible around your schedule—coming over in the evenings or on weekends. Or, if it works better for you, we can make a 100% virtual appointment via Zoom or Facetime call, or you can send us pictures/videos of the house to get your cash offer fast.

It’s typically just one or two people. Depending on the number of repairs needed, one of our acquisition team members and sometimes a contractor. We want to give you the most accurate cash offer we can!
Either way, you’ll be notified of who exactly you can expect, and they’ll always be in Favor Home Solutions attire, so you know they’re an official representative of our company.

“Escrow” is a real estate term that describes third-party handling of funds, usually by a closing attorney or title company. You’ll enter Escrow once you decide to sell your house & enter an agreement with us.

To paraphrase what “Escrow” is: an arrangement made between the buyer (us, Favor Home Solutions) and the seller (you) in which an independent, unbiased professional company handles the funds, documents, and other special assets needed to make the sale final.

This is done to protect all parties involved! We always try to be above reproach, and using Escrow helps us do that to ensure everyone holds up their end of the agreement. 

As far as the speed/timeline is concerned, a typical transaction takes about 10-14 days to get all of the ducks in a row from a clear title search, funds, closing documents for all parties to sign and everything else that’s needed to ensure a safe & smooth transaction.

YOU GET TO CHOOSE THE CLOSING DATE!! We can work on your timeline. The usual timeframe people choose is about 30 days, and the fastest we can get things done is approximately 10-14 days (which is generally how quickly the title company can get things done). There have been exceptions where it’s been done even more fast. 

When you decide to sell your house to us, all parties (you & us) will approve a short 2-page contract (the signatures portion takes up almost a ½ of a page), and that’s it. In reality, it’s about a page and a half of written words written in plain English… not legal mumbo-jumbo, requiring a dictionary to understand each sentence. We’re not trying to hide anything!!!

More paperwork is involved at closing, which is all handled by the title company. The amount of documents depends on what each county, city, & state requires when you sell a home. Our process is fast, simple, and straightforward.

You won’t have to make any repairs whatsoever or even take any unwanted items with you! You can leave whatever items you may not want behind, and we’ll take care of everything after we purchase your house. 

Also, if you need a cash advance to move or need help moving, let us know- we’re more than happy to accommodate your needs.

Selling your house fast to us is 100% FREE!! So the short answer here is no. We never charge you commissions or fees because we’re home buyers, not agents, and we’re the ones who buy your house and provide the cash offer.

We get asked this one a lot, and we always love answering! So it depends on the house, the location, and what we have recently closed on. Sometimes we buy a house for cash and keep it to add to our rental portfolio. Sometimes we buy a house and then sell it with owner financing to folks who cannot qualify for a bank loan but are tired of renting. Sometimes we rehab the house and sell it on the MLS.
Those are all of what we call our “exit strategies.” If you’d like to know what we’d do with your house specifically, we’d be happy to give you an idea of what we’re thinking.
We take great pride in the revitalization of neighborhoods & providing affordable housing for our local communities!

The first thing we do with unwanted items is analyze what was left behind to see if any items are usable, in good condition, etc., to give to local charities or families we know who need things.
For example, this one time, we purchased a house where the seller had two kitchen tables, but they only wanted to take one with them. We knew of a single mother who needed a table but couldn’t afford one. So we got the opportunity to bless her with that table the seller left behind!
We always look for opportunities to bless people with any unwanted items left behind before we start throwing things in a dumpster.

GREAT question! Most cash home-buying companies are concerned about making a profit instead of helping people. Don’t get us wrong, we are a business, and just like everyone else, we have to feed our families too.

However, we genuinely care about the people we help, and we try to assess every person’s situation to craft a custom game plan for each person who reaches out. No two cases are the same, and we want to do our best to earn the trust and respect of every single homeowner who reaches out to us. 

Take us up on that when you need to sell your house fast for cash: call us and compare us with other companies. We are confident that the Favor Home Solutions difference will be evident on your first phone call with us! 🙂