Frequently Asked Questions

We talk with homeowners across Ontario and Western New York every week, and the same questions keep coming up. We have collected them here. If yours is not answered below, call us at (289) 402-8086 and we will walk you through it.

1.) How can I be sure this is my optimal choice?

Listing with an agent usually means repairs, inspections, and a run of showings before you see an offer. Whatever the buyer wants fixed comes out of your price. We look at your situation instead, cover the costs of the sale ourselves, and make you a fair cash offer you can take or leave. Even if your house is in good shape, selling this way can still be the faster route. And if we think listing would put more money in your pocket, we will tell you.

2.) How does your process work?

We cut out the agents, lenders, appraisers, and inspectors, and buy your house for cash in any condition, wherever it is. The process is simple. We work out what the house would be worth once it is renovated, subtract what the repairs will cost, and build in a modest profit. Our margins stay small because we work with a lot of homeowners. That is what saves you the fees, the hassle, and the months on market. There is more detail on our How it Works page, or call us at (289) 402-8086.

3.) Why should I choose Bloom Homes?

Trust and transparency are what we sell. We show you the maths behind the offer, including what we expect to make on the house. You get the highest number we can reasonably pay and a clear picture of the time and cost you are saving. We would rather make you an offer that fits your goals than push you into one that does not.

4.) What happens to my property after you buy it?

We start the repairs, bring the house up to current standards, then list it with an agent and sell it. We cover the repair, closing, and commission costs. What we make on that sale is what lets us keep buying houses, and it lifts neighbourhood values along the way.

5.) How many properties do you buy?

We buy a number of houses at a time, which is what lets us pay well. Smaller margins across more homeowners add up. If your house is not a fit for us, one of our investment partners may step in. We work with reputable real estate lawyers at closing to keep things moving.

6.) How do you determine the price of my property?

We start with the after-repair value, or ARV, which is what the house would sell for once it is renovated. A specialist looks at your property and works out the repair and renovation costs. We also account for selling costs like commissions, fees, and taxes, which usually come to about 10% of the ARV. Subtract the repairs, the renovation, and the selling costs from the ARV, add a modest profit, and that is your cash offer. It often lands close to what you would clear on the open market once expenses come off, without the wait.

7.) Is cleaning necessary before selling to us?

No. Leave the house as it is. We handle any cleaning and repairs after we buy. It is one of the parts homeowners tell us they appreciate most.

8.) Is the price you offer fair?

Our reputation depends on it. We show you the breakdown: market value, repairs, rehab, and selling costs. You can see exactly how we got to the number, and it is a number that works for you and keeps us in business.

9.) Do you buy properties in poor condition?

Yes. Houses that need work are what we do. You do not have to fix a thing. You will end up with a price comparable to a traditional sale without the complications. Our transaction usually concludes within a month, with some cases closing in two to three weeks.

10.) Do you list houses on the MLS?

No, we do not list client properties on the MLS. We are not agents matching buyers with sellers, we are the buyers. We work out the best offer we can make, run the sale from start to finish, and handle the repairs and resale afterwards. You get cash quickly, with the numbers laid out so you can check them.

11.) Should I list with an agent?

Sometimes, yes. It depends on your timeline and the condition of the house. A traditional sale can drag on, though, and buyers do fall through when their financing does. If you need to sell quickly without that risk, we are the faster option.

12.) How can I sell my property quickly for cash?

A quick cash sale is what we do. Once we have looked at the condition and value of your house, we will make you an offer. Within approximately 21 days the deal can be finalized and you will have cash in hand, well ahead of a traditional sale.

13.) Is there an obligation after form submission?

No. Filling out the form does not commit you to anything. Even once the process has started, you can decide not to proceed at any point and it will not cost you. We think you will like the offer, but if another route suits you better we will point you to it. We only make money after we buy a house and resell it.

Still have a question?

Tell us a little about your house and we’ll get back to you with an answer and a no-obligation cash offer. As we mention above, filling out the form doesn’t commit you to anything.