Frequently Asked Questions

Below are the questions we hear most from homeowners about selling your house for cash in Northwest Indiana. If your question is not answered here, call (219) 348-8098 and ask us directly.

How long does it take to get an offer?

We aim to provide you with an offer as swiftly as possible. We also want to ensure that it reflects the current condition of your property and your unique circumstances. For these reasons, we usually wait to make an offer until we’ve had the opportunity to meet with you and walk through and look at the house. This approach is beneficial for you to ensure we are offering you the highest amount we can. It allows us to present you with a well-informed offer grounded in the reality of your house’s worth.

Here’s a brief overview of our typical process:

  • We’ll start with a phone call to determine if we’re a good match for each other.
  • Next, we’ll schedule a convenient time for you to meet us at the property.
  • After our visit, we’ll prepare an offer for you, which is usually ready within hours of our meeting or by the next day at the latest.
How much money will I get for my house?

We recognize that this is likely one of your primary questions. Each offer we make on a house is influenced by several factors. The key considerations include the location, size, condition, finishes, recent sales of nearby homes, and our intended plans for the property.

We take all of these elements into account to formulate an offer that suits your needs. Additionally, we consider your short-term plans and aim to structure our offer in a way that supports you in achieving them.

How do I know your cash offer is fair?

We recognize that making realistic offers is essential for us to successfully purchase homes. That’s why we strive to provide you with an offer that meets your needs. We work diligently to manage renovation costs and keep our rehab budget low, allowing us to pass some of those savings on to you.

Our offers are ultimately based on the property’s potential value after renovations and the estimated costs involved in those renovations. If you’re interested, we can explain how we arrive at your offer. And remember, there’s no obligation for you to accept it. Even if we don’t end up being your buyer, we’re committed to sharing as much information as possible to help you make informed decisions about your situation.

What if I don't like your offer?

You have zero obligation to us and we have zero requirements for you. Once you contact us about your property, we will schedule a walkthrough at your convenience, and make you an offer that’s fair for you and fair for us. Just because we make an offer does not mean you owe us anything. It is 100% your decision on whether or not you would like to sell your house to us. We let you decide what is right for you and your situation on your timeline.

How does a cash offer benefit me?

The main advantages of a cash offer for your home are convenience and simplicity. When a lender is involved, transactions become much more complex due to various requirements that must be fulfilled. This often placing a burden on the seller at a time when things are already stressful for them. Additionally, lenders typically won’t approve loans for properties that require significant repairs. A cash offer eliminates these complications, allowing you to receive the funds you need quickly.

A cash offer is defined as an offer that does not include a financing contingency. Most traditional offers that involve a lender come with a contingency based on the buyer’s ability to secure financing. If they fail to qualify, they can back out of the deal and reclaim their earnest money. This situation occurs frequently with retail buyers, but it’s one less concern you’ll have when dealing with a cash buyer.

What fees do you charge?

We charge no fees. When we present an offer for your property, the amount you see is the amount you’ll receive at closing. In contrast, selling your home on the market often involves agent fees, which typically amount to 6% of the sales price. Additionally, closing costs can run into the thousands if the buyer requests you to cover them. Retail buyers also frequently conduct inspections and may ask for a list of repairs, which can lead to further expenses and delays.

With us, you won’t have to worry about any of these fees. We don’t charge agent fees, we cover your closing costs, and we won’t ask you to make any repairs. These benefits alone can save you tens of thousands of dollars and days to months of time. You get your cash quickly.

What am I required to do?

Nothing. Rather than catering to a potential buyer’s requirements, you can sit back and relax until closing day. If you’re still living in the property, you’ll need to arrange for your belongings to be moved, but we’re more than happy to assist you with that if you’d like.

Additionally, we will take care of all the paperwork and coordination needed to reach the closing table. Our excellent team, which includes a title company, will ensure that the sales process is seamless for you. When we say we’re a full-service home buying company, we truly mean it.

What about repairs to the property?

One of the greatest advantages of partnering with us is that we will never require you to make any repairs when selling your home to us. In contrast to this, retail buyers often scrutinize every detail and present you with an extensive list of repairs needed. This helps us provide you with a fair cash offer.

Depending on the age and condition of the property, we may choose to hire a home inspector for our own due diligence. However, this is solely for our reference to understand what repairs we may need to address. You can rest assured that you won’t have to make any repairs when you work with us.

How long does it take to close?

Since we’re not purchasing your house for personal use, we can accommodate your timeline. If you need a few months to transition to your new home, we can make that work. Conversely, if you require a quick closing for any reason, you have the best team at your service. We have the capability to close in as little as 3-5 business days if necessary.

What do you do with the houses you buy?

That varies based on the location, condition, and size of the house, as well as the arrangement we make with the seller. However, here are some of the most common ways we utilize the properties we purchase:

  • Renovate them for resale
  • Renovate them for rental purposes
  • Assist individuals who may not qualify for a loan, such as business owners, in becoming homeowners
  • Operate short-term rentals

We make it a win-win-win solution for all parties involved.

What's the difference between you and a real estate agent?

Real estate agents focus on listing properties on the MLS (Multiple Listing Service), but we are the ones who will actually purchase your house. When you work with us, you won’t have to worry about whether someone will make an offer on your home—we’ll provide you with one directly. Plus, you won’t have to wonder who is buying your property because we are your buyers.

While many people confuse agents and investors due to their involvement in real estate, their roles are quite distinct. If you’re comfortable preparing your property for listing, accommodating multiple showings, and navigating the entire traditional sales process to secure the highest offer, then working with an agent may be the right choice for you. However, if you prefer to avoid the hassles and receive a fair offer for your home right away, we can make that happen.

Hear From Our Clients

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William Stocker profile picture
William Stocker
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Preferred Home Buyer was very easy to work with for selling our house. It was a seamless transaction where they drove the process from start to finish. As a remote seller living in a different state from the property, they helped us to easily sell our property with a majority of the process occurring online.
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Michele Dalessandro profile picture
Michele Dalessandro
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This process was so easy with Prefered Home Buyer! They were extremely professional. The whole process took about 2 weeks. It was truly seamless.
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Tan profile picture
Tan
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Working with Preferred Buyers was an excellent experience from start to finish. They made the process of selling my home as-is seamless, straightforward, and stress-free. There was no need to worry about repairs or renovations, and they communicated clearly throughout the entire process. Everything went smoothly, and I truly appreciated their professionalism, responsiveness, and efficiency. I highly recommend Preferred Buyers to anyone looking for an easy and hassle-free way to sell their home.
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Ed Kubiszak profile picture
Ed Kubiszak
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I work as a real estate agent and my seller and I had the opportunity to work with Preferred Home Buyer. They wanted to buy her listing, but a family member was living in the home that would not move out. We negotiated the transaction where they took this off of my sellers hands and they took care of the whole situation for my seller. My seller and I were so grateful and everything worked out. The person moved out to live with family. I hope to get another opportunity to work with them.
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Carol Mendiola profile picture
Carol Mendiola
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The best decision I made was to choose Preferred Home Buyer. The process was seamless and NO STRESS. Josh and the team handled everything I signed selling papers and went to closing. It was handled perfessionally and with respectful. I would do it again.
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Dan Calhoun profile picture
Dan Calhoun
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As an attorney, I'm careful about who I refer my clients to. One of my clients needed to sell their house fast, and I connected them with Preferred Home Buyer. The team was professional since the beginning and they communicated clearly with both my client and me throughout the whole process, made a fair cash offer, and they closed on the timeline they promised. Finding a home buying company in Northwest Indiana I can confidently put in front of a client isn't easy. I'd refer Preferred Home Buyer again without hesitation.
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Dave Mochel profile picture
Dave Mochel
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Al was great to work. I found him to fair & helpful throughout the process. He worked with us to make the whole transaction & convenient for us.
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Michael Bartoszak profile picture
Michael Bartoszak
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We buy all of our wholesale deals from Preferred Home ​and we couldn’t be more impressed. They consistently deliver fair cash offers, close quickly, and handle all the heavy lifting (inspections, repairs, red tape) so I don’t have to. Whether you’re selling a property in rough condition or just need to move fast, they make the process smooth, professional, and stress-free.

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