Frequently Asked Questions About Selling Your House in St. Louis
Maybe you have a few questions. Below are some of the most common questions we hear from sellers in the St. Louis area. If you do not see your question here, you are always welcome to contact us. We are happy to talk through your situation and help you decide what makes sense.
Working With Real Estate Resource Network
Q: Will you be listing my house on the MLS or actually buying it?
We are not real estate agents and we do not list houses.
Real Estate Resource Network is a professional home-buying company that purchases houses directly in St. Louis using our own cash.
That means there are no listings, no showings, and no bank financing delays. Once we buy a house, we may repair it and resell it to another homeowner or keep it as a rental.
Q: How are you different from a real estate agent?
A real estate agent lists your house and waits for a buyer to secure financing. That process often takes several months and includes showings, inspections, contingencies, and commissions.
We operate differently. We buy houses directly from homeowners. There is no listing period, no buyer loan approval, and no commission. Because we use cash, we can make a decision quickly and close on a timeline that works for you.
Selling With an Agent vs Selling Directly.
Below is a high-level overview of how a traditional sale compares to selling directly to the Real Estate Resource Network. This comparison helps many sellers decide which option aligns best with their situation.
| Selling with a St. Louis agent | SOLD to Real Estate Resource Network | |
|---|---|---|
| Commissions/Fees | Up to 6% paid by you, the seller | None. |
| Who pays closing costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection and Financing Contingency* | Yes, sales can fall through. | None needed. |
| Appraisal Needed | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold | +/- 91 days | We provide immediate cash offers. |
| Number of Showings | It depends | 1 (just us). |
| Closing Date | 30-60 +/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays for Repairs? | Negotiated during the inspection period | We pay for all repairs. |
*An inspection contingency lets the buyer have time to do an inspection and back out of the sale or negotiate a new price if there are repairs that need to be done. If you can’t come to an agreement with the buyer, the buyer has the right to back out of the sale. Similarly, a financing contingency gives the buyer the wiggle room to back out of the purchase if they can’t obtain a loan or if the home doesn’t appraise for the value that the bank needs to close the loan.
Pricing and Fair Cash Offers
Q: Do you pay fair prices for properties?
Yes, we aim to make fair offers based on the St. Louis market and the condition of your house.
Our offers are typically below retail listing prices because we take on the cost and risk of repairs, holding expenses, and resale. Most sellers we work with are not looking for a windfall. They value speed, certainty, convenience, and avoiding repairs or commissions.
If selling quickly and simply is important to you, our offers may make sense. You are never required to accept.
Q: How do you determine the price to offer on my house?
We evaluate several factors to determine a fair cash offer. This includes your house location within the St. Louis area, the current condition, necessary repairs, and recent comparable sales.
We take a transparent approach and are happy to explain how we arrive at a number so you can make an informed decision.
Fees, Costs, and Commitment
Q: Are there any fees or commissions to work with you?
No. There are no fees and no commissions when you sell your house directly to Real Estate Resource Network.
In most cases, we also cover the closing costs. The price we agree on is the amount you receive at closing. We assume the repair costs and resale risk after the purchase.
Q: Is there any commitment when I provide my information?
There is no obligation at all.
When you share information about your house, we review it and may reach out with clarifying questions. We then provide you with a cash offer. From there, the choice is entirely yours. You decide whether moving forward makes sense.
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