Q: Do You Pay Full Market Value?
A: It depends on your definition of Full Market Value.Please don’t confuse what a real estate agent tells you is the value of your property with how much money you will actually put in your pocket if, and when the property sells.
First of all, it is quite common for a home or property to sell for 10 to 20 percent less than what the real estate agent lists it for.
Secondly, when using a real estate agent, it isn’t uncommon you as the seller will probably be required to do a number of repairs to satisfy the buyer. These repairs could cost thousands of dollars.
Third, don’t forget your holding costs. (Your loan payments and the cost of your money tied up in the property, which could be making you money, somewhere else.) A real estate agent will not make your mortgage payments for you while you wait for a buyer. We will buy your house now!
Finally, there are commissions to the agent which can be as high as 7 percent, and your closing costs which can be as much as 3 percent.
A real estate agent could tell you your house or property is worth X amount of dollars. By the time your agent sells it, figure in your holding costs, price reductions, repair costs, commissions, selling costs, etc., etc.—it is likely that tens of thousands of dollars will be taken off the top of what your agent originally suggested your house was worth!
The Bottom Line is we agree on a fair price that meets yours and our needs and close quickly.If we can’t agree, we do nothing. No one loses and it costs nothing to explore your options.
Q: How much will you pay me?
A: We have the flexibility to offer you a number of personalized purchasing programs. Each has its own methods and formulas to determine how much we can pay for a house or property; allowing you to benefit from the fastest possible sale without doing any work or repairs.
How much we can pay for your home or property will be based on many factors. These include the condition and repairs that are needed, the time factor, your loan balance, your equity if any, and your needs. You’ll know the answer within 48 hours.
Q: Is there any risk, obligation or charge?
A: You have no obligation or risk for us to have an initial contact. We don’t charge a fee or commission to simply discuss possible “win, win” solutions. Once you submit the property information you’ll either get an email or call shortly and if we feel we can move forward, we’ll arrange to see the house.
Q: How fast can you close?
A: Minimum is three days or we can wait until you’re ready to move, even if it’s months away.
Q: What if I’m in foreclosure or Bankruptcy?
A: We buy houses in foreclosure and bankruptcy almost every month right along with some that are not in distress, in all areas and price ranges.
Q: What if I owe more than it’s worth?
A: We may still be able to buy but will need the facts in order to determine.
Q: Do you pay cash?
A: Sometimes yes and sometimes we take over existing debt or buy with seller financing. It will depend on what you owe, what you want and other pertinent facts on our form.