Just Answer A Few Questions About The Home You’re Wanting To Sell… Just The Basics!
Once We See The House And Confirm Its Condition, We’ll Make You A Cash Offer On The Spot.
You Pick When You Get Cash For Your House. Whether It’s In 2 Weeks Or 2 Months, We Can Work With You.
YES! We put in the hard work so you can get the best possible offer with no added stress. From start to finish, it’s fast, fair, and hassle-free!
You’ll get a fair cash offer within 24 hours, we can close in 10 days or less, or we can close on the date of your choosing! You’re in complete control when you sell your house to Favor Home Solutions!
We’re not agents… we aren’t listing your house on the MLS, but, rather, we’re buying it ourselves! That saves you those pesky realtor fees — plus we pay for all closing costs directly!
We buy houses regardless of the condition or the situation you’re facing. We’ve helped countless homeowners sell their home who were going through things like foreclosure, a divorce, code violations, inheritance and more!
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:
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:
A Real Estate Agent:
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.
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:
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! 🙂
Timeframe: Once we get your info, we’re usually able to make you a fair all-cash offer within 24 hours. From there, we can close as quickly as 10-14 days… or on your schedule!
Favor Home Solutions buys houses Fast for Cash. We’re not listing your house on the MLS… we’re actually signing an agreement to buy your house. Because we pay cash, we’re able to close quickly… or on your schedule. Like we’ve mentioned, when you work with us there are no fees like there are when you list your house with an agent — selling your house to us is 100% FREE. What this means to you is you don’t have to worry about extra costs, having to come out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is). When you sell your house to us, you don’t even have to sweep the floor!
Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.
Whatever situation you’re facing, we’re able to help! Whether you’re going through a divorce, facing foreclosure, you inherited a house, your house has fire or water damage, your house needs thousands in repairs, you’re behind on taxes, you have to relocate or anything else, Favor Home Solutions is here to help! We buy houses fast for cash no matter your situation!
This is probably one of the most complex mathematical questions out there… just kidding haha!!!
It’s actually pretty simple:
On the form you can fill out to get your cash offer, there will be some more questions we ask about the beds, baths, repairs needed and other additional information that’ll really help us get the full scoop on your house. Once we get this… our team goes into full-on analysis mode! We will look at your home’s address & repairs needed as our main 2 identifiers for our offer.
This is called your “After Repair Value”, which is otherwise known as a house’s ARV.
When we offer cash, we purchase houses at 70% of the ARV. This percentage gives us enough room to make a profit after assuming the time and risk of rehabbing the house into a brand new condition to be sold. We also have to assume our holding costs, realtor fees when we sell and a whole lot more.
** We are able to actually make other, what we call “creative” offers that allow us to offer more for your house than 70% of the ARV minus repairs. We’ll get there down below🙂
Estimated Repairs = ~$25,000.
Now that we know the house’s ARV, as well as the repair costs associated with fixing it up, we can now make our max offer.
Here’s our formula when we buy a house for cash:
ARV * 70 % – Repairs = Our Offer
Let’s use the numbers from our example to give you a real life “case study” if you will.
On this example property, we’d be able to offer $80,000 in cash!
In addition to cash offers, we also make some, what we call, “creative” offers to folks that result in actually paying you MORE for your house than the above formula.
The more time you give us, the more we can pay you.
Here’s how it works: if you own a property free and clear with no mortgages or liens, we’re able to offer a “some now, some later” type of an offer structure where we pay you some money down, while we pay the rest over equal monthly payments.
If you have an existing mortgage, we can offer you some cash to walk away with, and we’ll take over the responsibility of paying your mortgage payments.
Folks tend to love accepting these offers because it provides more long-term security for their families, as we pay them much more money over time.
These offers are done on a house-by-house basis because each situation is different, but here’s an example of a deal we structured with someone recently:
Our cash offer to this homeowner was only $65,000, but we were able to offer $80,000 with a creative offer (that’s $15,000 MORE!!!). We gave him $15,000 down, and are making equal monthly payments of $500 to him per month. Our guaranteed monthly payment covers about 75% of this person’s new mortgage at their new place. This seller loved it because it provided peace of mind with their new house.
Sell Your House:
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