Frequently Asked Questions

Where is A & R currently buying homes?

  • Memphis

  • Metro Nashville

  • Clarksville

  • Little Rock

Are there any types of homes that you won't purchase?

We will buy any home in any condition as long as the property meets our buying criteria and is located in a market that we service.

What types of single family homes does A & R purchase?

  • Single Family Residential Home - No Mobile Homes

  • Built after 1930

  • 3 Bedroom Minimum

  • Occupied or Vacant

Can I still sell to A & R if my home is listed with an agent?

Yes. Even though you don’t need an agent to sell your home to A & R if you’re already working with an agent or your home is currently listed, we will work with your agent directly. Simply have your agent submit your request for an offer on your behalf or submit your home with your agent’s information and we’ll take it from there.

How do the improvements that I made to my house affect the offer?

Improvements (or renovations) to your home are an important factor in how we determine the value of your home and our purchase offer, so it is important you tell us about them in your offer request. Photos of your improvements also help; you can upload them when making an offer request or send them via email to deals@andersonandryan.com; please make sure that you include your home’s address in your email.

How fast will I receive my offer?

A&R typically provides you with an offer within 24-hours after you submit your request. However, if you don’t initially submit photos, we’ll wait 24-hours to finish our offer and give you more time to send us photos. If you are unable to upload or send photos, simply send us an email at deals@andersonandryan.com and we will move forward without them.

Should I provide photos?

Yes! Our offers are not computer generated or based solely upon an algorithm. Our team of real estate experts evaluate every property carefully and photos help them to have a more accurate understanding of your home’s condition, features and overall value.

My property is leased and occupied by tenants—I can’t get photos.

We understand. Simply let us know in your offer request and we’ll move forward without photos. Please note that we will need to view the property for the inspection so we will need to coordinate a time to view with your tenants

Will you still make an offer without photos?

Yes, photos are usually optional. However, there are some cases where photos are required. Reasons we might require photos can include age of home, lack of comparable properties, or because we don’t feel that we can get a true idea of the value of your home without photos. If you are unable to submit photos with your offer request we will make an offer sight unseen and make the necessary adjustments at the inspection.

Does my offer expire?

Yes. Home values will often change based upon market activity, competition and other factors. Our offers will usually expire in 14 days from the date of the offer. However, we are  happy to provide you with an updated offer after your expired offer. Please be aware that our renewed offer price may be unchanged, higher or lower than your original offer depending upon current market conditions. In rare instances, we may conclude that we are unable to renew an offer.

How long does the selling process take with A & R?

If needed, we can close in as few as 10 days. If you prefer more time, our team can accommodate a closing date as long as 90 days.

What happens to my house after I sell to A & R ?

Depending upon the condition, we will typically perform the necessary renovations on the home to get it market-ready. These items may include structural upgrades as well as upgrading appliances, painting, putting in new carpet or maybe even upgrading countertops. We’ll install for sale signs, hold open houses, send out flyers, take care of listing paperwork, talk to agents, wait for and negotiate with a buyer, work with the appraiser, worry about buyer financing falling through, pay holding costs, utilities and association dues. In short, once we’ve bought your house, we take on the costs, risks, hassles, and headaches associated with renovating and selling a home.

How is the offer price for my home determined?

Your home is carefully evaluated by a team of real estate experts who specialize in your market. Using their knowledge, combined with A & R’s proprietary evaluation and predictive market analysis techniques, A & R is able to provide our customers with data-driven and competitive offers specific to your neighborhood.

Are there other transaction costs that I should consider?

Sellers may be responsible for certain closing costs—just like any traditional sale. These fees may include title insurance, escrow fees, HOA transfers fees, taxes, document transfers and other customary fees. The A & R team is always willing to help you work with the title company or attorney’s office handling the transaction to get an estimate of your net proceeds.

How does my offer price compare to values on sites like Zillow?

The home values found on sites like Zillow, Trulia, Realtor.com, and Redfin, are determined by the site’s individual computer-generated algorithms. Those values are limited by the data that is available to them through public record. They look at the market’s history; not where it’s going. They also do not take into account the As-Is value of the home.

While our offer is not intended to be an appraisal of any kind, it is a real and actionable offer and is based on careful analysis by our team of real estate experts. We take time to evaluate and understand your home’s unique features and condition in the context of the market’s inventory and future supply.

What are the costs associated with selling to A & R?

A & R does not charge you a service fee unlike our competitors who charge between 6%–10%. A & R allows you to skip the hassles of listing your home; however, once we buy and list your home, we’ll will still pay all the normal transaction costs that come with selling a home—including a commission to a buyer’s agent (3%), concessions to buyer, holding costs, maintenance fees, taxes and other costs to list and market the home.

How does selling to A & R compare to selling traditionally?

Selling to A & R is a competitive alternative to costs typically associated with listing your home on the traditional market or selling to an iBuyer. We don't charge any service fees or any commissions. Our offer is strictly based on the as-is value of your property. We take into account the renovation costs, holding costs, and listing costs associated buying and selling real estate. 

Does A & R negotiate on their offer price?

The team works hard to make sure that our initial offer is fair. However, if you feel that we’ve missed something about your home that affects our offer we are willing to negotiate. 

How do I sign the purchase agreement?

A & R makes it easy to sign your documents online using our electronic signature provider, DocuSign. You officially accept our offer by signing the purchase agreement. Once A & R , you (and any other sellers) sign the agreement, we are officially under contract. 

What if I don’t know the date I would like to close?

That’s ok. You can simply select the closest date to your best guess. We will send you an addendum to adjust the closing date when you’ve got your final closing date determined.

Does A & R look at my home in-person?

Yes. A & R will perform a free, on-site inspection of your home within 7 days of your offer request. The purpose the appointment is to verify the specifications of your home, its condition, and identify repairs that will need to be addressed prior to close.

Who will be inspecting my home?

Either an A & R team member or licensed property inspector (or both) will perform the inspection. If specialists are needed, we will partner with licensed contractors to provide additional insight and expertise and work with you to coordinate the scheduling of all property inspections.

What areas of my house are you looking at?

A & R will need access to your entire home during our inspection. When your inspection is scheduled, we will provide you with a guide that will help you prepare for the inspection and provide you with an overview of the most common items we evaluate during the inspection process.

How quickly can I close?

A & R can close in as little as 7 business days.

I need a specific closing date to work with the purchase of my new home.

We are happy to work with you with a closing date up to 90 days from your signed contract date. As your closing date approaches, if you need the date adjusted, please let your Closing Consultant know and we will send you an addendum to your purchase contract. If you find that you need a closing date beyond 90 days, we may be able to work with you on a case-by-case basis.

Can I change my closing date once I am under contract?

Yes, we can adjust your closing date at any point throughout the selling process. You have up to 90 days to close on the sale of your home to A&R and we are able to adjust this date within this period to your schedule.

Can I stay in my home after it closes?

Yes, A & R offers our Extended Stay program which allows you to stay in your home for up to 30 days after closing. This program helps sellers avoid the rush of having to close and move in one day.

You will be required to sign a post-possession agreement. The title company or attorney’s office who is handling your closing will hold back $3,000 from your funds from sale until the property is vacant.

How does my mortgage get paid off?

The title company or attorney office handling the transaction will send the final payoff payment to your lender, the remaining funds (less closing costs) will be wired to your bank account.

When do we sign the closing documents?

The title company or attorney’s office handling the transaction will schedule a convenient time for you to sign the closing documents. Typically, the closing takes place at the title company or attorney’s office although you may also request a mobile notary come to you. The date this happens is called the closing date or close of escrow. On your closing date, the sale is recorded on public record and the funds are distributed. The timing of this varies depending upon the state you live in and the time of day you sign your documents

When do I need to move out of my house?

The home must be clear of all personal belongings and trash at least 24 hours prior to closing.

What appliances can I take when I move?

Washer, dryer and refrigerator.

What do I need to leave in my home when I leave?

You will need to leave any built-in appliances, keys, remotes and any other items that belong with the home. Built-in appliances include, but are not limited to: your dishwasher, built-in microwave, stove, oven, cooktops, ice machines, trash compactors, water softeners, built-in refrigerators, R/O systems, window treatments, central vaccum and hoses, garage door openers and remotes, pool equipment, built-in BBQs, built-in fire pits, ceiling fans and light fixtures, pool fencing, pool cleaning systems, exterior landscape lighting, and built-in speakers.

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