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.
Q: Will you be listing my house on the MLS or actually buying it?
A: Thank you for asking. At Maya Buys Houses, our approach differs from traditional real estate agents. We are not agents, nor do we list houses on the MLS. Instead, we specialize in direct home purchases. When we find properties that align with our criteria, we make direct purchases without relying on bank financing. This eliminates any concerns about our ability to close a deal promptly.
Once we acquire a property, we might opt to renovate it for resale to another homeowner or retain it as a rental property. Our primary focus is on purchasing homes that fit our buying criteria, ensuring a swift and reliable transaction for homeowners seeking a straightforward sale without the listing process.
Q: How are you different from a real estate agent?
A: Real estate agents function by listing properties on the market and waiting for potential buyers. They showcase these properties to interested buyers (which typically takes around 4-6 months to sell in many markets), and upon a successful sale, they receive a percentage, usually 3 to 6%, from the sale price. For instance, on a $100,000 house, this commission could range from $3,000 to $6,000.
Agents provide a valuable service for those comfortable waiting and willing to part with a portion of their sale price to cover commissions. However, our approach diverges here. We’re not agents—we’re direct home buyers. Our company purchases your property directly from you, offering all-cash deals and the ability to make a swift decision, often within a few days or even the same day.
Our livelihood is based on assuming the risk of buying your house with our own funds, renovating it if needed, and independently marketing it to locate a buyer. This direct approach allows us to streamline the process and provide sellers with a faster, more direct solution.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Selling w/ A New York City Agent | SOLD To Maya Buys Houses | |
|---|---|---|
| Commissions / Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency*: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
Q: Do you pay fair prices for properties?
A: Our approach involves purchasing properties below their market value as we aim to resell them to other homeowners for a profit. Seeking a fair discount on a property allows us to operate in this way. From our experience, many sellers aren’t necessarily anticipating an extravagant profit on their property. Instead, they appreciate the benefits we offer: a swift cash sale without the wait for financing, along with no need for you to invest time, effort, or funds into property repairs or agent fees.
If your goal aligns with quickly selling your house and you value the efficiency of our process, let’s explore finding a mutually beneficial price. Our commitment to providing a no-obligation offer means you’re not bound to proceed, but it’s always helpful to understand the offer we can extend.
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 versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: How do you determine the price to offer on my house?
A: Thanks for asking, and we’re completely transparent about our approach. We follow a straightforward process. We assess factors such as the property’s location, necessary repairs, its current condition, and the recent sale prices of comparable houses in the area. By meticulously considering these aspects, we aim to arrive at a fair price that suits both our needs and aligns with your expectations.
Q: Are there any fees or commissions to work with you?
A: Our approach is distinctly different from the traditional sales process. When you sell your house directly to us, there are zero fees or commissions involved, unlike the standard listing where a hefty 6% often comes out of your proceeds. If our offer aligns with your needs, we’ll purchase your house hassle-free and without any fees. Additionally, we often cover the closing costs. Our earnings come after investing in necessary repairs and reselling the property at a profit. We shoulder the risks involved in selling for a profit, ensuring that once we acquire the property from you, the responsibilities become ours. You can walk away, relieved of property burdens and with cash in hand.
Q: Is there any obligation when I submit my information?
A: Absolutely no pressure or obligation on your end. After you provide some details about your property, we’ll assess everything, perhaps arrange a call to delve deeper, and present you with an all-cash offer that aligns with fairness for both sides. The decision to sell your house to us remains entirely yours—it’s 100% in your hands. We respect your choice and want you to make the decision that feels right for you.
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Learn The Pros and Cons Of Selling Your House To A Local Professional Home Buyer – Your FREE Guide:
Download our FREE Guide here and contact us anytime with questions or if you would like a no-hassle Situation Evaluation. Learn more about how we help homeowners sell their unwanted properties for cash.
Get your FREE Guide and then give us a call at (201) 589-0506. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.