SELLING YOUR HOUSE MADE SIMPLE!!
HOW OUR 100% FREE HOME SELLING PROCESS WORKS
CHECK OUT THIS 80-SECOND VIDEO
ABOUT HOW OUR PROCESS WORKS
It's 100% Free To Sell Your House To Us, There's No Obligation To Accept Our Offer & Our Offers Are Always Fair
There's No Risk To Just Get An Offer From Us 🙂
Fast & Easy
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!
Pay Zero Fees Or Costs
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!
Any Condition, Any Situation
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!
Is Selling My House Really This Easy?!
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!
Frequently Asked Questions
We have formulated a list of frequently asked questions so you can read through them. If your question is not listed please feel free to call us at 773-747-3286 or fill in the contact us form below, and we will try to answer any and all questions you may have.
Favor Home Solutions has been buying houses across Tennessee & the southeast since 2016. You are not your traditional real estate company because WE ARE NOT AGENTS… We’re home buyers! Which means we don’t charge fees or commissions — it’s 100% FREE to sell your house to us.
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, will be honest with you about that. And then will help connect you with the person or company who is the better fit. We care more about helping people in our community than anything else.
The short answer: YES!
We understand this is a difficult time, so we’re still here to help provide you the easiest home selling process around town!
We’re doing our best to adhere to the ever changing local, state & 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 our options we have available for folks who want to sell their home:
- Chatting over a good, old fashioned phone call! Just call us at 773-747-3286 or fill out a form (see above).
- 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 that need to be signed are done electronically via Adobe Sign to limit contact.
- Plus, our fabulous title company is able to do virtual closings (you’ll get closing documents overnighted to you, you go get all documents notarized and overnight them back to the title company using the pre-paid label enclosed in package you received!
Favor Home Solutions:
- Doesn’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 that you never have to make extensive repairs or even clean out your house.
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 taking closing costs into consideration.
- 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 at 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. which usually comes at the last minute and are 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 simpler, smoother option to folks who want to sell a house without the stress, hassles and expenses that come with an agent.
- First, our Acquisition Manager Brent will either answer the phone when you call or give you a call after you fill out the form.
- Brent will ask you some basic questions about the home you’re looking to sell over the phone.
- Next, we’ll set an appointment to come 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, how much the house could sell for on the open market and present you with our offer.
- At any time during the process, Brent will answer any and all questions you may have.
ABSOLUTELY NOTHING except give you a call about your house. This is important: WE NEVER EVER EVER give away or sell your information. We value and prioritize your privacy, and only essential personnel have access to these forms (aka Caleb & Brent).
While we primarily make cash offers, we do make multiple offers to every single homeowner that 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’d 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 pay.
Meaning that we can pay you more money over 5 years, broken into monthly payments, as opposed to paying cash 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.
Here’s everything included in every offer we make:
- We pay 100% of the closing costs… making it 100% FREE to sell your house 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.
- Our promise and commitment to making the process simple, never wasting your time and ensuring everything gets 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 anything at all. With our offer, you can take it or leave it… no sweat either way :)
In-person appointments usually take 30-60 minutes, and we can be flexible around your schedule. Or if it works better for you, we can do a 100% virtual appointment by either a Zoom or Facetime call or you can send us pictures/videos of the house.
Brent, our Acquisition Manager, is the one who handles appointments, so it’d just be him coming on the appointment. On certain occasions, our CEO, Caleb, will tag along. 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 a 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 in order to make the sale final.
This is done to protect all parties involved! We always try to be above reproach and using Escrow really helps us do just 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 are able to work on your timeline. Our most typical timeframe people choose is about 30 days, and the fastest we usually are able to get things done is about 10-14 days, which is usually how quickly the title company can get things done. There have been exceptions where it’s gotten done sooner.
When you decide to sell your house to us, all parties (you & us) will approve a short 2 page contract (that 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 that are written in plain English… not legal mumbo-jumbo that you need a dictionary to understand each sentence. We’re not trying to hide anything!!!
There is more paperwork involved at closing, which is all handled by the title company. The amount of documents depends on what each county & state requires when a home is sold.
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 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. We’re the ones actually buying your house.
We get asked this one a lot, and always love answering! So it depends on the house, the location and what we have recently closed on. Sometimes we buy a house and keep it to add to our rental portfolio. Sometimes we buy a house and then sell it with owner financing to folks who are unable to qualify for a bank loan, but are tired of renting. Sometimes we rehab the house and resell it on the MLS.
Those are all of the, what we call, “exit strategies” that we have. 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.
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 2 kitchen tables, but they only wanted to take 1 with them. We knew of a single mother who was in need of 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.
“How does your company come up
with the offer for my property?”
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.
1. Property ARV
Let's say a house is worth $150,000, after fixing it up 100% with nice granite counters, brand new appliances, brand new roof & HVAC, etc. (you get the idea). We get this worth/value based on houses that have sold in your area that are comparable to your house. We call these "comps."
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 :)
2. Repairs Needed
Now, in our example of a house being worth $150,000 after being fully renovated to a "brand new" status, let's assume this house we are buying to fix up needs the following done to it:
➤ The kitchen is outdated and needs updated.
➤ There are leaks coming from the roof.
➤The whole house needs painted and new flooring too.
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.
3. Our 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.
ARV = $150,000
Repairs = $25,000
$150,000 * 70 % = $105,000
$105,000 - $25,000 = $80,000
On this example property, we'd be able to offer $80,000 in cash!
4. Other Offers We Can Make
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.
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!
Check out our testimonials page to read and watch what others have actually said about selling their house to Favor Home Solutions!