Frequently Asked Questions
Welcome to HK Buys Houses, a well-established and locally-owned family business in Odenton. With years of experience and a strong foundation of positive reviews from our satisfied clients, we are the most trusted cash homebuyer in Greater Baltimore. Please don’t hesitate to reach out to us at (667) 303-2214 or submit your info online if you have specific questions we can help answer.
There could be numerous reasons pushing you to consider a property transition. These could range from relocating, going through a divorce, facing foreclosure, job changes, to challenging neighbors or tenants. Sometimes, it’s just about wanting a change from your current residence. The challenge is, the conventional property transaction process often comes with hefty costs. To be clear, you might end up dedicating around 10% of the transaction value towards commissions and closing expenses. And typically, you’d wait for 3-6 months hoping for offers from potential buyers. Engaging a realtor is the usual way, but in certain situations, like facing potential foreclosure or needing to relocate urgently, waiting for months isn’t feasible. Sometimes, even waiting weeks isn’t an option. You’re looking for a streamlined, efficient transition.
After a brief discussion where we get an idea of the current condition of your property, we will analyze comparable sales nearby. From there, we will establish a fair price. We will then provide you with a real cash offer and it comes with no strings attached. You are always free to accept or decline. At the end of the day, if it doesn't work for you, it doesn't work for us.
There are absolutely no fees or commissions when working with HK Buys Houses. Our offers are simple and straightforward.
Unlike real estate agents who are primarily motivated by commissions, HK Buys Houses follows a different business model. When you opt for a traditional real estate agent, you are often required to prepare your property for showings, which can involve expenses related to repairs and renovations. On average, working with an agent comes with a commission fee ranging from 6-8%. Additionally, agents may demand your weekends and necessitate that you vacate your own home for open houses and showings. If your property fails to sell, it can sit on the market for months, incurring both time and financial costs. In contrast, HK Buys Houses provides all the services you'd expect from an agent, including title transfer, escrow, and market trend guidance – without charging any commissions! Our aim is to offer you comprehensive support through the process and make it as easy as possible.
There is absolutely no obligation: ZERO. If it doesn’t work for you, it doesn’t work for HK Buys Houses. We will not harass or push you in any way. It is 100% your decision. HK Buys Houses is here to help!
HK Buys Houses will provide all the services typically offered by a real estate agent, but without the added fees. We are committed to ensuring you have the necessary support throughout the entire process. Our team of escrow officers will be by your side to provide guidance, and our staff will always be available to assist you. We're here to break down and address any questions you may have, ensuring that you fully grasp each and every step of the process.
We've completed transactions in Greater Baltimore as quickly as 7 days from initial contact. Once you accept our offer, the contract is promptly signed, and we initiate the escrow process on the same day. If you need more time, that's also fine!
At HK Buys Houses, we tailor our schedule to fit yours. The day that suits you best is the day that suits us. As a cash homebuyer we do not have to work around a bank's timeline.
At HK Buys Houses, we strive to provide you with the most competitive offer possible. We also want to emphasize that you are under no obligation to accept the offer. Our commitment is to be fully transparent throughout the entire process. If you have any questions or concerns at any stage, we are here to provide you with 100% honest and clear answers. Your peace of mind and confidence in your decisions are our top priorities. Our business relies on positive reviews from past clients.
Closing cost are anywhere from 3-7% of the home’s purchase price and include loan origination fees, underwriting fees, appraisal fees, title fees, and more. With HK Buys Houses, you aren't on the hook for any of those closing costs. We pay them all!
"iBuyers," which are typically large tech companies, rely on algorithms to determine your house's price. They often fail to price in the value of up and coming neighborhoods because they are unfamiliar with Anne Arundel, Baltimore, Charles, Harford, Howard, Montgomery, Prince George's and Queen Anne's Counties. Dealing with iBuyers can often feel impersonal, akin to the frustration of calling a company like CVS and desperately shouting 'Person, person, I want to talk to a person!' If unforeseen circumstances arise, like needing extra time to pack beyond the closing date, iBuyers may not be accommodating. Additionally, iBuyers often charge a higher service fee than agents, averaging around 9%, and in some cases, it can go as high as 13%. While iBuyers share some similarities with our business, the standout factor that sets us apart from our competitors is our dedicated team. We genuinely care and are committed to guiding you every step of the way.