FAQ’s
Frequently Asked Questions
Will you be listing my house on the MLS or actually buying it?
Great question! We’re not agents, and we don’t list houses. At Elite Equity, we are professional home buyers. We purchase houses in Baltimore City, Baltimore County, Anne Arundel County, Charles County, Harford County, Howard County, Montgomery County, Prince George’s County, and Queen Anne’s County that meet our criteria. Since we don’t use bank financing, you don’t have to worry about our ability to close on your deal. After buying, we may repair the house and either resell it to another homeowner or keep it as a rental property.
How are you different from a real estate agent?
Real estate agents list properties and hope someone will buy them. They show the properties to prospective buyers if there are any (the average time to sell a home in many markets right now is 4–6 months) and then take a percentage of the sale price as their commission. Typically, agent commissions range from 3% to 6% of the sale price. So, on a $100,000 house, you could pay between $3,000 and $6,000 in commissions.
Agents provide a great service for those who can wait 4+ months to sell and don’t mind giving up part of their sale price to cover commissions. But that’s where Elite Equity is different. We’re not agents — we’re professional home buyers. We buy houses directly from you. Because we pay all cash and buy your house outright, we can often make a decision within just a few days — sometimes even the same day.
We make our living by taking the risk to purchase your house with our own cash, handling any necessary repairs, and then marketing it ourselves to find the next buyer.
Do you pay fair prices for properties?
Many of the houses we purchase are below market value. We do this so we can resell them at a profit to another homeowner. Our goal is to get a fair discount on a property. From experience, many sellers aren’t necessarily expecting a large windfall from the sale. Instead, they appreciate that Elite Equity can offer cash, close quickly (no waiting on financing), and require no time, effort, or expense on your part to fix up the property or pay agent fees.
If that sounds like what you’re looking for and you see the value in selling your house fast, let’s explore if we can agree on a win-win price for both of us. Our no-obligation pricing commitment means you’re free to walk away if you decide not to move forward, but it’s always good to know what we can offer!
How do you determine the price to offer on my house?
Great question, and at Elite Equity, we’re an open book. Our process is straightforward. We evaluate the property’s location, the repairs needed, its current condition, and the value of comparable homes recently sold in the area. Taking all these factors into account, we arrive at a fair price that works for both you and us.
Are there any fees or commissions to work with you?
This is what makes us stand out from the traditional method of selling your house: there are NO FEES or commissions when you sell your house directly to us compared to listing fees, where up to 6% comes out of your pocket. We’ll make you an offer and if it’s a fit, then we’ll buy your hose with no hassles and no fees. We’ll often pay for the closing costs, too! We make our money after we apy for repairs on the house and sell it for a profit. We’re taking the risks here on whether we can sell it for a profit or not. Once we buy the house from you, the responsibility is ours, and you walk away without the burden of the property and its payment, as well as cash in your hand.
Is there any obligation when I submit my information?
There is absolutely zero obligation on your part. Once you share some details about your property, we’ll review everything, maybe schedule a quick call to learn more, and then make you a fair all-cash offer—one that’s good for both you and us. From there, it’s 100% your decision whether to sell your house to Elite Equity. We’re here to let you choose what’s right for you.
Additional FAQs
What types of houses do you buy?
How fast can you close on my house?
We can close in as little as 7 days, depending on your timeline. Since we pay cash and skip traditional financing, there are no delays from banks.
What if I’m behind on my mortgage or facing foreclosure?
We can still help. Many of the homeowners we work with are in tough situations. We’ll evaluate your situation and try to provide a solution that works before the foreclosure process moves forward.
We buy Nationwide houses at any price and in any condition!
Do not pay unnecessary fees.
At Elite Equity, we’ve helped hundreds of homeowners sell their properties without the hassle. When you work with us, you’ll never pay expensive realtor commissions or fees—saving you thousands!
No need to pay for repairs or remodeling .
When you choose to work with Elite Equity, there’s no need to worry about repairs or renovations—we buy houses as-is. We’ll take care of any cleanout or fixes needed. Just let us know when you’re ready to move, and we’ll handle the rest!