How the New Gen Home Buyer Process Works: A Step-by-Step Guide

Selling a home can be a stressful and time-consuming process. Between repairs, showings, negotiations, and waiting for mortgage approvals, traditional home sales can take months.

That’s where home-buying companies, commonly known as “We Buy Homes” companies, come in. They offer homeowners an alternative—one is faster, more convenient, and often involves cash offers.

Here’s a step-by-step look at how the "We Buy Homes" process works and what you can expect when selling to one of these companies:

Step 1: Contact the Home-Buying Company

The first step is reaching out to a New Gen Home Buyer team member. You can do this by visiting our website or calling their contact number. Most companies have a simple form on their site where you provide basic information about the property, such as its location, size, and condition.

What You Need to Provide:

● Property address

● Basic details (number of rooms, any major repairs needed, etc.)

● Your contact information

Once submitted, a representative from the company will typically get in touch within 24–48 hours to gather more information and explain the process.

Step 2: Property Assessment

After initial contact, the company will arrange a visit to assess the property. This evaluation helps them determine the home's value and the cash offer they can extend. One major benefit here is they often buy properties “as-is,” meaning no repairs or updates are required on your end.

What They Look For:

● Property condition (both structural and cosmetic)

● Location and neighborhood appeal

● Comparable home sales in the area

The assessment is usually quick and hassle-free, without the need for extensive inspections or appraisals, which is common in traditional real estate transactions.

Step 3: Receive a Cash Offer

Following the property assessment, the home-buying company will present you with a cash offer. This offer is typically lower than what you might get on the open market, but the trade-off is a faster sale without any of the usual delays or costs associated with traditional selling.

Key Benefits:

● Cash offers: You don’t have to worry about buyers securing financing or mortgage

approvals falling through.

● No agent commissions: Selling to a home-buying company typically avoids the 5-6%

commission you’d pay to a real estate agent.

● No repairs needed: Most home-buying companies will buy homes in any condition,

saving you the cost and time of renovations.

Step 4: Closing the Deal

If you accept the offer, the company will handle the paperwork and closing process. They’ll often cover the closing costs and expedite the sale, allowing you to close within days or weeks instead of months. The paperwork is usually simple, and many companies can complete the transaction with little involvement from you.

How Long It Takes:

● From start to finish, the sale can be completed in as little as 7–30 days, depending on

the company and your local market.

Addressing Common Concerns

1. Will I Get a Fair Offer? Since "We Buy Homes" companies aim for quick transactions, the offers may be below market value. However, the convenience and speed make it worthwhile for homeowners who need to sell fast or avoid expensive repairs.

2. Is the Process That Fast? Yes! These companies are designed to close deals

quickly, often within a week or two, compared to the months it can take with traditional real estate sales.

3. Is This Option Legitimate? Reputable home-buying companies are fully legitimate

businesses that can offer a helpful solution for homeowners in various situations (e.g.,

foreclosure, inherited property, or relocation). Always check reviews, ask for proof of funds, and ensure you're working with a licensed and accredited company.

4. Will I Have to Pay Any Fees? One of the benefits of selling to a home-buying company is that they typically cover all closing costs and don’t charge fees. You walk away with the agreed-upon cash amount.