Frequently Asked Questions
Have a few questions? Most people do. So, here’s a quick collection of some of the common questions I get… with my answers next to them. If you still have a question don’t hesitate to shoot me an email through my contact page (or give me a call).
Q: How do I get started?
A: It’s simple. The first step is to contact me directly! Once you familiarize me with your situation and your property my team and I will immediately get to work on researching your home and your area to get an idea of market conditions. It is very common that we already have experience in your town. When this is the case I can almost instantly give a ballpark estimate. The next step would be to set up an on-site visit to the property so that a concrete offer can be made. This can usually be done SAME DAY. I am serious about buying your home and myself and my team is ready willing and able to go above and beyond to make it happen!
Q: I don’t think I have any equity! Can you help?
A: Absolutely! We work with homeowners everyday who are “upside down” in their homes. When this is the case we help lead you through a process known as a short sale in which we negotiate with the bank to purchase your home for less than what is currently owed. This allows you to walk away from the home owing nothing and avoiding a foreclosure on your credit report! Sometimes, we are even able to get you money to move! Every situation is unique but rest assured we have the relationships and experience to best serve you. Take the first step and contact me in order to begin the process as soon as possible!
Q: What can I expect your offer to be?
A: Every situation truly is unique! However, you should know that we take into consideration such factors as market condition and volatility, recently sold comparable homes, the overall condition and age of the home, the cost to renovate and re-market the home for future sale as well as the cost to hold and maintain your property while renovating. Know that YOU are in control and you are NEVER under any obligation to sell us your home! Contact me personally to see what I can offer you! I am a serious long island cash home buyer!
Q: I’m already working with a realtor. Is that ok?
A: Sure! We work closely with area realtors and welcome the opportunity to work with them! We do not take, ask for, or interfere with any commission you and your realtor have agreed to. We simply want the opportunity to buy your home!
Q: When will I get paid and are there any fees?
A: Great question! You will receive your money immedaitely at the closing table. We are 100% full cash buyers! That means no bank red tape, no lengthy approval process and no hold ups! If we like your home and agree on terms you can expect your money in 7 days or less! And of course there is NEVER a fee for us to buy your home.
Q: Are you actually listing my house on the MLS or buying it?
A: Great question. We’re not agents, and we don’t list houses. We buy houses Miami that fit our buying criteria. From there we may repair the house and resell it to another home owner or keep it as a rental ourselves.
Q: Do you pay fair prices for properties?
A: We have to purchase a house below market value so we can resell it at a profit to another home owner. However, if you’re in foreclosure you likely don’t have equity… so we can often negotiate with the lender for a discount on the property. In the end, we have to get a fair discount on a property so we have room to make a profit when we resell it. But, we bring to the table a fast, no hassle, all-cash offer… we can close quickly, are very flexible on terms of the sale, and will buy your house in any condition. If thats what you’re looking for and you see the value in getting your house sold fast… lets talk and see if we can come to a fair win-win price.
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Q: How do you determine the price to offer on my house?
A: Great question and we’re an open book… so I’m glad you asked. Our process is rather simple. We look at the location, what repairs are needed, condition, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. So, we take everything into consideration… and come up with a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
A: There are NO fees or commissions to work with us. We’ll make you an offer, and if its a fit… we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) to fix it up so it’s nice and pretty… market the house, and sell it for a profit (we’re taking all of the risk here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and it’s payments… and oftentimes with cash in your hand).
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that someone will buy them. The average time to sell a property in many markets right now is 6-12 months. As you know, you pay a commission as a % of the sales price when you work with a real estate agent. Often times it’s 3-6% of the sales price (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months in many cases to sell and who have room to pay the commission on the sale. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Q: Is there any obligation when I submit my info?
A: No obligation at all. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer thats fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let decide what’s right for you.
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5 Ways To Stop or Avoid Foreclosure In Today’s Market – FREE Guide:
Need more information on the foreclosure process and How To Stop Foreclosure? Download our FREE Stop Foreclosure Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners avoid foreclosure or sell unwanted properties for cash.