FAQ’s

FAQ

You've got questions, we have answers

These are the most commonly asked questions about Rediclose. Can’t find what you’re looking for? Chat with out friendly team!

How long until I receive an offer?

Once you submit the form on our website, a member of our team will review your information and respond back within 24 hours. During this time we will perform analysis of the property to see if it would be a good fit for us and to determine what your home is worth. Once we have the opportunity to speak with you over the phone and gather more information, we will use this to finalize our analysis and present you with an offer.

How long does it typically take to close?

We can close in as little as 7-10 days from the date that an agreement is signed. The exact time it takes to close typically depends on a number of factors such as whether the property is currently occupied and your preferred closing date. We try and be as flexible as possible to accommodate your needs so if you have a specific timeline on when you need to close, we will do our best to make it happen.

Do I have to make repairs?

No. When you sell to Rediclose, you won’t have to lift a finger. We buy all of our houses in “as-is” condition meaning you won’t need to repair or improve the property before selling to us. This is a huge advantage to people who don’t want to go through the process of searching for and managing contractors, dealing with messy projects that interfere with your daily life and waiting months for repairs to be complete. With Rediclose, you will bypass the repairs and we will make you a fair offer on your home based on the condition that it’s in today.

What do you do with the houses you buy?

There are several different strategies we use once we acquire a property. Some of the strategies we use include renting the property, converting the home to senior housing, using the home for student housing, sober living and rent by the room. We also do fix and flips where we perform major renovations and resell the home at a later date. We have many strategies available to us but in general we are buy and hold investors and plan to profit from the home sometime in the future as the home appreciates in value.

Do you pay a fair price for houses?

Yes. The reason people choose Rediclose is that we are often able to put more money in your pocket than you would otherwise receive when listing with an agent. This is possible because we buy homes directly and close with a real estate attorney or title company depending on the state the home is located in. With average agent commissions adding up to 6% of your homes sales price, this allows you to save thousands of dollars that would otherwise land in your agents pocket.

Do you charge any fees?

No. We don’t charge any fees.

How much will you pay for my house?

We use the same comparative market analysis (CMA) process that a listing agent would use to determine your home’s value. Our offers are based on this market analysis which include factors such as recently sold homes in your neighborhood, the condition of the property, market trends, neighborhood amenities and any recent renovations you may have done.

How are you different from a real estate agent?

In the end, real estate agents are service providers. As service providers, they are paid commissions when your home is sold. This is how they make money. On average, you will pay 6% of the homes sales price in real estate agent commissions. This 6% commission is usually split between the listing agent and the buyers agent.

Rediclose operates on a different business model where we make money after we buy the home. This allows us to be competitive with our offers while also offering an easy solution to people that don’t want to go through the hassle of making repairs and listing with an agent.

Get Fair Offer

Simply fill out the form below to request a FREE, no-obligation offer today.