How Does Selling My Property with Terms Work and Why is it fast becoming the seller’s 1st CHOICE When Selling Their Home!
We find ourselves answering this question daily so below is a summary of why selling your house with terms might be your best option. We’re a small family company looking to buy 4+ houses every month. The market is constantly changing and in order to get Top Dollar for your property, sometimes you’ve got to change with it and be aware of your options.
Approximately 75-82% of the buyers cannot qualify TODAY for financing. That is a national number that is not improving. Alternatively, other buyers with good credit are looking for a way to buy now while they save more instead of renting while they save. Yet another group of people need seasoning as self-employed individuals. If you are selling with a realtor or by owner, you are only marketing to 18-25%+- of the market. A smaller pool of buyers will obviously produce a lower price and less money for you.
We do buy houses all cash with a quick close, but that is typically for a property in need of repairs and/or for property owners who, for one reason or another, need to sell fast. All cash offers usually come with a lower offer. We more frequently purchase with a lease purchase or owner financing – both of those with a agreed upon term that offers a delayed cash out for you at Full Market Value. When we meet, we can discuss what option is the best fit.
We are NOT Realtors offering a service and you will not pay us any fees. Many think these types of purchases are only for low-end homes or distressed sales. We can actually handle homes from $550,000 up to the Multi-Million Dollar range. On our website you’ll find we are accredited with an A+ rating with the Better Business Bureau.
There are many people out there who have cash to put down, have good incomes, but have had life events or other challenges that caused their credit to go down. Things like divorce, death in the family or seasoning needed for a new business. We maintain a qualified database of these buyers.
The lease purchase means we are 100% responsible for maintenance, repairs, taxes, etc. after 30 days. If your insurance and taxes are currently escrowed, the monthly lease will cover them. Your equity is locked in, predetermined ahead of time, and will not change.
Who is this not a fit for?
This isn’t a fit for anyone who has equity in the home that they need NOW to buy another home. It will still work but you would have to do a refinance, pull out cash needed and then secure a lease purchase with us to cover the new underlying mortgage.
What if I still have my loan and want to go buy another home and get a mortgage to do so?
Banks and mortgage companies vary on this one and you should shop around. We've seen them count your lease payment anywhere from 75%-100%. For example, if your mortgage payment is $1000 and you are collecting only $1000 on your lease, if they are only counting 75%, you will be credited for $750 monthly income as far as your debt to income qualifying ratio and that means you have $250 net debt. If they count 100% of your lease income, it’s a break even and will not at all affect you qualifying for a loan. There is a simple solution for this as well, which we can discuss.
If you have no mortgage currently, we can even pay a premium above market value!
· Top sales price
· Stops the money hemorrhage of mortgage payments if applicable.
· All maintenance is our responsibility- Completely hands off for you.
· You still enjoy tax advantages and depreciation if applicable.
· No advertising dollars out of your pocket.
· No fees out of your pocket.
· We don’t care what kind of mortgage you have.
· No inspections and negotiating.
If you’re still looking to get FULL PRICE for your Home, we are your Best Option. We Look Forward to Purchasing Your Home!
Best choice for sellers who don't need to cash out right away and are looking to maximize their net gain. We offer term options to sellers who have zero to very little debt or zero to very little equity. If you are looking to avoid realtor commissions and sometimes even closing costs, we can buy your house seamlessly with little or no expense to you and preserve your full equity.
As stated above we buy houses on terms. We offer term options to sellers who have zero to very little debt or zero to very little equity. If you are looking to avoid realtor commissions and sometimes even closing costs, we can buy your house seamlessly with little or no expense to you and preserve your full equity.
Act now while there's still time!
Sometimes life throws you a curve ball and the best of plans come unraveled. A payment that was completely manageable when you got your mortgage can seem impossible after a job change, injury, divorce or many other life altering events. If you’ve fallen behind on your payments it is important that you act immediately. Let us help solve your problem while we still can.
Getting out of a home when you have little or no equity can be tough. In fact, just selling for what you owe may take several months, and if you list with a real estate agent the commission may have to come out of your pocket. Contact us before listing with a real estate agent where you are locked in to paying a commission. We may be able to buy your property directly, saving you time, hassles and avoiding commission and many closing expenses.
Don’t let the stress of selling your old house keep you from enjoying your new one! Timing in real estate can be tricky. Maybe there have been some unexpected hiccups and your old house hasn't sold as quickly as expected and now you are stuck making two house payments. Instead of stressing out over it let us buy your old house so you can move on and enjoy your new home?
You have a lot going on, let us take one of your worries away!
Moving for a new job or a job transfer is often very exciting. However, it is also busy and stressful. Your deadline to leave town may be out of your control, and as it approaches (or passes) the pressure to sell your house will increase. Give us a chance to relieve you of this burden during this busy time in your life.
Don’t even consider re-listing before you contact us!
Are you frustrated because your house listed with a Realtor hasn’t sold? Do you know why it didn’t sell? Was it the price, the marketing, not enough open houses, poor offers, or one of many other variables? Before re-listing with another Realtor, please contact us. We are active buyers and can act quickly. Let us help you get out of your house so you can stop making those mortgage payments.
Time is of the essence. Act fast to save your credit!
As time passes, thousands of dollars in non payments, penalties, interest and legal fees are added to the balance you owe. The best advice we can offer is for you to contact us immediately. Time truly is your enemy, and the longer you wait the harder it is for us to help. You don’t have to face this alone. We can help. Using our expertise we aim to save your credit and help you avoid filing bankruptcy. We've experienced this first hand for ourselves and know this is a tough time time for you. Imagine the relief you will feel once we begin working together on a plan to put this behind you. Call us today for a confidential, no obligation evaluation of your situation before it is too late!
Immediate relief available for Tired Landlords!
Are you tired of tenants, toilets and trash? Being a landlord is often a tiresome and thankless “job”. It isn’t easy, and certainly isn’t fun. Dealing with nightmare tenants that don’t pay or damage your property is enough to make you pull out your hair. On top of the headaches is the expense and maintenance. If you’ve had enough and would like to “move on”, we can help you put this burden behind you. Tell us about your property and situation. We also work with landlords who have multiple rental properties and want to simply retire and divest from their real estate portfolio over time. Connect with us and see if we can help.
Real estate is often the least liquid asset in an estate!
Losing a loved one is a tragic experience. When real estate is involved in the estate, it often must be sold during the probate process. If you are responsible for settling the estate, you will have your hands full simply with the legal requirements, paperwork, and deadlines. By offering a possible quick sale of the property, we can help ease the task ahead of you.
Contact us to stop the bleeding!
Are you throwing money away making payments on a vacant house? It doesn’t take long for those payments to add up and really hurt your bottom line. In addition to this financial burden, it can be exhausting trying to keep an empty house secure and maintained. Let us help. Also, if there’s a vacant house in your neighborhood bringing down property values please let us know.
Unlike a typical buyer, we can look beyond the repairs!
Most buyers are either afraid of properties in need of repair or they simply can’t envision the end result. However, getting your property into selling condition may take more time or money than you have available. Before investing in costly repairs, please contact us. We are experienced in buying properties that need work. Let us save you the time, money, and risk involved.