Are you wondering how to get started? Here are some common questions we receive from sellers.
Will you be listing my house on the MLS or actually buying it?
Great question. While we do have licensed agents on our team, we prefer to buy houses directly from you. Our team is well versed in walking you through the many options sellers have to sell their property. We buy houses directly in Lancaster that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Do you pay fair prices for properties?
Many of the properties we purchase are below-market value. We want to get a fair discount, but many sellers aren’t necessarily expecting a big windfall from us because they typically appreciate that we offer cash, close quickly (no waiting for financing), and remove concern about needing to fix up the property or pay agent fees. If you are looking for a fast and straightforward house offer, we can promise that our commitment to fair pricing means you can explore the options without any obligation.
What’s involved in selling my house?
There is some paperwork that is required if you have owned your home for less than 1 year at the time of sale or if there is a mortgage remaining on the property. A simple one-page sale agreement is used when working with our company; this tells everyone what they need to do after closing escrow. Once we agree upon an offer price, we will provide the official contract to our title company to get everything squared away. The whole process can take less than 14 days.
How do you determine the price to offer on my house?
Our process is very straightforward. We look at the location of the house, current condition and repairs that may be needed, as well as comparable houses sold in the area recently to come up with a fair price for both you and us. Remember that we want to give you the best price for your house in it’s current condition.
Are there any fees or commissions to work with you?
Traditional methods of selling your house often involve fees and commissions, but there are none when you sell your house to us. We’ll make you an offer for your old home, and if it sounds like a good fit then we’ll buy it from you (and pay for the closing costs too). You’ve got nothing to lose! When you sell a house to us, we take on the responsibility for repairs and getting it ready to sell. You walk away from our purchase without holding on to a property with monthly payments.
Common Items On a Settlement Sheet that We Will Pay For:
- Closing Costs
- Transfer Tax
- Government Recording Charges
How are you different from a regular real estate agent?
A typical agent will list properties that they hope to sell. The agent typically shows the property to prospective buyers and takes a fee or commission of around 3-6% if they find a buyer. Agents provide a great service to the marketplace and can help many sellers (trust us we are a licensed agents!) but, many agents do not understand that charging commissions actually hurts some homeowners. Agents with a professional home buying experience like us know that in some cases a cash offer is superior for the seller versus listing on the market. We can make a decision to buy your house within 2 days, sometimes in the same day. We know where we stand financially with this project and will assume all the risk of the property once sold to us. Our offers are guaranteed cash offers, meaning you will know the price you will be getting for the property once you sign our agreement.
Is there any obligation when I submit my info?
If you have a property you’d like to sell, we provide guidance about selling your home. An offer can be made without any obligation. You will not be bothered by our company and it is completely up to you whether or not to accept our offer. We will not badger you with ceaseless calls if you tell us no either.
My house is in foreclosure, what options do I have?
If a foreclosure sale is scheduled, and you would like to know your options besides being forced to move out we can help. If you do not have any equity in the home, then we will try and get that fact verified from the bank. We offer quick offers on homes going into foreclosure as well, usually 10-14 days from acceptance of an offer.
What’s included in the purchase price?
Our purchase price includes the property itself, with all of its furnishings and appliances inside of it that you do not want to keep. If you have a pool, hot tub, or other items that you would like to keep for yourself and not give up when we close on the property- that’s great! We may agree to include some furnishings with the sale at our office’s discretion; this does not always happen but we are happy to look into it for you if it applies.
I Have a Lien on the Property Can You Help With That?
A: We are happy to work with you on lien issues. We have done this hundred’s of times and know how to get past the roadblocks that can arise. (Please be aware that some liens may be more involved or take longer than others.)
The common types of liens we can help with include medical bills, legal judgments, IRS tax liens, or any other lien that the homeowner owes on the property. Because some of these liens can be tough to obtain paid from the bank we do purchase properties with liens on them; they just typically set a lower buying price due to the additional work it takes to get past this.
What Do You Mean, Start Clean and Move On?
We will close on your home within 14 days from acceptance of our offer. We will handle all inspections and repairs needed for obtaining title insurance coverage. Once closed, you can walk away without any ongoing financial obligations or worries about a new project in progress- allowing you to start clean and move on!
Is This Legal? How Is It Possible to Buy My House So Quickly
Yes, our business model is completely legal. We are licensed real estate agents in the states that we do business with and legally own all of the property we buy. We have a great relationship with several large banks and mortgage companies who assist us in getting mortgages approved quickly because they know we are an experienced investment company buying.