Frequently Asked Questions

You’re probably looking for some answers. That’s totally normal; lots of folks are. Below, you’ll find some common questions we often hear, along with our helpful answers. If you have a question that’s not listed here, don’t hesitate to get in touch with us whenever you need. We’re ready to help you.

Q: Will my home be listed on the MLS or will you buy it directly?
A: Great question! Our process is different from that of real estate agents. At Excalibur Home Buyers, we are trusted property investors: We buy homes in Plano, TX that fit our purchasing guidelines. We don’t use bank loans, which makes the closing process quicker and easier. After we buy a home, we might fix it up to sell it again or keep it as a rental property.

Q: What makes your services different from a real estate agent?
A: Real estate agents list homes and wait for buyers to come. In many areas, it can take about 4 to 6 months to sell a home. Agents make money by taking a part of the sale price, usually between 3 to 6%. For instance, if you sell a house for $200,000, you might have to pay between $6,000 and $12,000 in agent fees.

While agents offer a valuable service for those willing to wait and pay commissions, our approach is distinct. Agents can be helpful for those who don’t mind waiting and paying fees, but we take a different route. We are not agents; we buy homes directly. Our team purchases your house for cash. This means we can give you a fast answer about buying your home, sometimes within just a few days or even on the same day. Our way of doing business involves taking on the risk of buying homes with our own money, taking care of any repairs needed, and selling the home ourselves to find someone new to live there.

Looking for this to be broken down further? Here’s a comparison chart to give an overview:

	Selling w/ A Plano Agent	SOLD To EXCALIBUR HOME BUYERS
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 & 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.}

Q: Are you willing to pay fair prices for properties?
A: Our approach involves acquiring properties below market value to facilitate a profitable resale to another homeowner. We aim to secure a reasonable discount on a property, as our experience shows that many sellers are not necessarily seeking a substantial windfall. Instead, they value our ability to provide a quick cash sale without the need for financing, repairs, or agent fees. If you are seeking a fast sale and recognize the benefits we offer, we can work together to reach a mutually beneficial price. Our no-obligation pricing commitment ensures that you have the freedom to consider our offer without any pressure to proceed.

Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book. Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the value of comparable houses sold in the area recently. Taking the many pieces of information into consideration, we come up with a fair price that works for us and works for you, too.

Q: Are there any fees or commissions to work with you?
A: When you sell your house directly to us, you won’t have to worry about any fees or commissions, unlike with traditional listing methods where up to 6% of the sale price goes towards fees. If our offer fits your needs, we’ll buy your house hassle-free and cover the closing costs in many cases. We make our profit after covering the repair costs and selling the house, taking on the risk of whether we can sell it for a profit. Once we purchase your house, the burden is off your shoulders, and you can walk away with cash in hand.

Q: Is there any obligation when I submit my information?
A: If you provide some information about your property, we’ll evaluate it and might schedule a call to learn more about it. We will then make a fair all-cash offer. After that, the decision to sell your house is completely up to you. We want you to feel comfortable with whatever you decide.

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