We are different than all other home buyers… How? After we remodel and sell the home, we share a percentage of our profits with you. If we buy your property and convert it to a rental property, we will pay you a minimum $500 bonus.

We are not a large, national company looking flip homes. We are a small, Knoxville-based, group of investors that seeks to purchase only a few homes per year. Some are remodeled and re-sold, others are converted to rental properties.

We pay more that all other home buyers as we don’t have to meet margins, show profits, pay commission or other nonsense.

Benefits of Selling Your Home to Us

No Pressure to Sell

Quote by Text, No Obligation

No Agents, No Agencies

No Fees, No Commissions 

Simple Process, Fully Transparent

Fast Closing at Local Title Company

How Do I Get a Quote or Get Started?

It’s easy, just text your address to 865-465-6200 or fill out the form below.

Ready to Get Started?

Fill out the following form, and we will be in touch. We will not share, sell or send marketing information to you. If you choose to sell us your home, we will make an offer and provide all details in advance. It is that simple.

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Knoxville, like most markets, has thousands of realtors and thousands of listings on the MLS, Zillow and other websites, and a lot has changed in the past ten or fifteen years. Gone are the days of riding around with an agent to see the homes that have been pre-selected based on criteria provided by the buyer. Now, buyers and sellers search dozens of listings in a matter of minutes, view high-quality images, see recent sell prices and even estimate house values, all without leaving home.

Selling your home is different too. Once you call an agent, you will need to sign a contract, list your home online, have showing, and a lot more. This is great for many people; however, some just want or need to sell a home quickly. That is what we do. We can provide a preliminary estimate range via text (865-465-6200). If our range works for you, we will just need to visit the home once for about an hour to make an official offer. From that point, we can purchase your home quickly, for cash.

Our process is easy, fast, simple and guaranteed.

Selling a Fixer-Upper

When homes go up for sale that need remodeling, many times they never really hit the market. Real estate agents have a list of investors or buyers who will purchase a distressed property at a low price in order to remodel and sell the home for a big profit. This is also know as flipping a property, although in a true flip, there is no remodeling. With that being said, the seller is sitting on a gold mine, yet most sellers do not have $50,000 to $100,000 to invest in the property, that is, to remodel the property and then sell it for a profit. They simply sell to an investor and move one.

The problem: Investors want to pay rock bottom and then sell for the max. Who can blame them?

Our solution: We pay a fair price and then share a percentage of the profit with the original seller. Everyone wins.

Typical Example of Knoxville Real Estate Flip

The seller has lived in the house for thirty years and kept it very nice and tidy. The house is solid, but it has wallpaper, old fashion cabinets, red carpet… you know what I’m talking about. The house in the current condition is worth about $80,000, so she lists and sells it for around $80,000. Only an investor would buy the home in this condition as it is technically move-in ready, but most buyers in Knoxville are looking for a more modern home. The seller doesn’t have $40,000 to remodel it, so it is sold to an investor who remodels and earns a pretty solid profit.

• Seller/owner sells the home for $80,000
• Buyer/Investor remodels it for around $40,000
• Buyer/Investor sells the updated home for $200,000.
• Buyer/Investor makes a profit near $80,000

The above situation is very, very common in Knoxville, and there is nothing wrong with it ethically as the buyer has paid market value to the seller. From that point the buyer has invested a lot of time and money into the home in order to improve it. Everyone wins; however, the seller does not share in the final profits.

Knoxville Five’s Revolutionary Flip-Share Model Shares the Profits

We buy, remodel and sell just like others, but we share a portion of the profits both with the previous owner (the seller) and a variety of housing focused charities in East Tennessee. Here is our example:

• Owner sells the home for $80,000
• Knoxville5 remodels it for around $40,000
• Knoxville5 sells the updated home for $200,000.
• The remodeling and sale of the home has earned a profit of $80,000
• Knoxville5 shares a per-determined percentage of the profit back to seller (minimum 5%: $4,000; maximum 15%: $12,000)
• Knoxville5 shares a percentage of the profit to local housing charities (minimum 0.5% or $400; maximum 1.5%: $1,200)

With Knoxville5, the owners does exactly the same thing, but gets to share the profits with the remodeling team.

Why Do We Work This Way

Our founder grew up in Powell in the 80’s where he and many of his friends lived in simple small homes, like split foyers, tri-levels and other standard homes. When his family home was sold, like many of those of his friends and family, it was almost always investors planning to turn a profit on the home. None of us were able to afford to move out, retain the home, and then remodel it, which would have been necessary to earn the maximum potential from the sale of the home. Even worse, many homes were sold at rock bottom price due to their condition. The sellers were never considered in the remodeling process, even after they spent years taking care of the property. Again, there is nothing wrong with the current process as the buyer is taking a lot of financial risk while investing a lot of time into the process of remodeling; nonetheless, it just doesn’t seem right to us. Our group of investors, remodelers and agents aim to share success for all parties involved. Those who sell homes to us always feel good about our process, and that makes us feel great too!

Ready to Get Started or Have Questions?

The post Knoxville Real Estate Basics appeared first on Knoxville 5 Home Buyers, Inc..

We are a small home buyer who buys property for local rentals in Knoxville. We used to put “We Buy Homes for Cash” signs up at intersections, but that no longer works well as they get taken down fast.

Now, we pay people to put bumper stickers or small signs on their cars. Each sticker or sign has a unique number on it, so when we buy a home that has your number, you get a percentage of the sale price, 2%.

For example, if someone calls from your sticker, we buy their home for $50,000. You get $1,000. It’s that easy. You get paid for each sale.

Put Stickers on All Your Family’s Cars, Get More Leads.

If you have multiple stickers, each one will have your unique sticker identification number.

It is really easy, free, has zero risk, and you can get paid!

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Frequently Asked Questions

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