Frequently Asked Questions
What kind of properties do Commonwealthpros buy?
We buy most types of residential properties — single family houses, townhomes, condos, duplexes, multi-tenant properties, apartments and even commercial property.
We buy properties in the central Kentucky Area, and are a particularly good match for home sellers who want a fast cash offer and who want to sell their house “as is”.
What does selling my house "as is" mean?
Here’s how traditional home sales go: A buyer makes an offer. You say yes. Then, the buyer calls in an inspector who starts pinpointing all sorts of problems and repairs. So, the buyer lowers the original offer or asks you to pay for the repairs. Either way, you pay.
Commonwealthpros buys houses “as is.” That means we look at your house, and we can make an offer. We understand that there might be issues or repairs needed. You don’t pay for repairs, painting or clean up. We take care of that.
Our firm offer doesn’t change before closing.
Do I have to pay a fee for Commonwealthpros to make an offer on my home?
No, you never pay anything to Commonwealthpros.
If you’re interested in selling your home for cash, we’re interested in making an offer. Our property specialist will visit you at a time that’s convenient for you, evaluate your home and answer any questions you may have. Then, they can make an all cash, “as is” offer with no obligation, and at no cost to you. It doesn’t get easier than that!
Can I sell my home if its in foreclosure?
Yes, but you’ll want to do it as quickly as possible. Once you sell your house, your mortgage will be the first thing that’s paid off, which means it would take you out of foreclosure instantly.
Be careful! If you are unable to find a buyer or close on the home before the auction date, then you are effectively no longer the owner and can lose everything.
We have been known to purchase homes 3 days before the auction and save a family from a world of headache, so if you have a home that is in foreclosure, give us a call!
Why Should I sell to an Investor?
The advantage of selling to an investor (like us!) is the speed at which you can sell it and the fact that it requires no out of pocket costs on your behalf, including repairs. You can sell it as is in any condition, even if it needs major repairs.
What should I expect at closing?
Commonwealthpros takes a number of factors into consideration when determining a cash offer. After visiting your home, we will evaluate:
How am I able to sell my house fast with you?
Unlike a traditional real estate transaction, we don’t have to go through as many hoops, work with real estate agents, or use banks.
We use private funds and purchase in all cash, which removes middle men and approval processes from the equation.
How fast can you buy my house?
We can purchase your home in as little as 7 days. In special circumstances, we can move more quickly (we’ve been known to purchase in 3 days).
How much Equity do I need to sell my house?
There’s no real hard answer on this, but the more equity you have the more likely you’ll be able to walk away with cash in hand.
If the mortgage is too high, we may not be able to purchase the home outright, but we do have some alternative options for you. Keep in mind that these routes don’t mean you’ll be able to pocket some of the cash, but it does mean you won’t be responsible for paying the mortgage note anymore.
What makes you different from other companies?
Our most distinguishing factor is transparency.
The most common complaint we hear about home buyer companies is that the homeowner felt that the company treated them badly, super low-balled them, or misled them on who is buying the property.
We are an investment company, so we do buy homes at less than market value in exchange for covering all costs associated with the transaction and the repairs to bring the home up to snuff.
If, for some reason, we are unable to purchase the property ourselves, we will do our best to locate someone in our network that will, and we will let you know if we think that is the best course of action to take.