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Q and A + valuable information
Q. Why should I sell my house to you?
A. There are several reasons why homeowners may choose to sell their homes to us. Here are a few:
Quick Sale: We as a Cash home buyers are often able to close the sale quickly, as we don't need to wait for mortgage approval or deal with the lengthy process of underwriting. This can be particularly advantageous if the you as a home owner needs to sell quickly for any reason.
Certainty of Sale: we are are less likely to back out of a sale since we have the funds readily available. This can provide you with more certainty and peace of mind during the selling process.
No Repairs Needed: we often purchase homes in as-is condition, which means that the you don't have to spend time or money on repairs and renovations.
No Commissions or Fees: we typically don't charge real estate commissions or fees, which can save you thousands of dollars.
Flexible Terms: we are more flexible when it comes to closing dates and other terms of the sale, which can be beneficial for you if you have specific needs or timelines.
Q. Can you share your level of experience?
A. We are in Business for over 20 years and had completed hundreds of successful real estate transactions, if you like to get references please let us know and we will provide .
Q. How do you determine the price you will offer for my property?
A. We will do our homework previous to our meeting. We take a variety of factors into consideration such as location, condition, number of bedrooms lot size and compare it to previous cash sales in your neighborhood , we always going to be fair with you and will pay the house value at it's current condition so you can be assured that once you accept our offer we will buy your property within the time frame agree.
Q. Do I need to hire a real estate broker to sell my property to you?
A. Not at all, It is not necessary to hire or pay a real estate broker to sell your property to us.
Q. Once I accept your cash offer, how quickly can you close?
A. Once you accept our cash offer we will order a title, Title takes about 7 to 10 business days, once title came back clear title comes clear we can close the next day. if you need more time to plan your move, just let us know and we will work around your schedule, we are fast and flexible at the same time.
Q. I am facing foreclosure, can you still buy my property?
Yes we can, but it depends on the situation itself, remember that your lender (the bank) is involved and the deal may need to be approved by the lender, (unless you owe less than what we offered you) we recommend you call us immediately so we can review and get a better understanding of the situation.
We have bought properties in foreclosure in the past and we have the experience to handle the sale and work with your lender as needed.
Q. Are you buying gifted or inherited properties?
YES, we are very experienced in buying gifted and inherited properties, if you have the letter of administration in hand we can close within few days. if you don't have the necessary documents in hand yet our real estate attorney will work closely with you or your attorney if you have one to complete the transaction in the minimum time needed and as smooth as possible.
Q. Do you charge fees to make a cash offer for my real estate property?
A. Absolutely not! It is free to get a cash offer from us, there are no charges involved, no hidden fees or any other fees.
Why high interest rates effecting the real estate market?
Higher interest rates generally have a cooling effect on the real estate market, as they increase the cost of borrowing money to purchase a home or investment property. When interest rates rise, it becomes more expensive for buyers to take out mortgages, which can reduce demand for homes and slow down price appreciation.
One of the main ways higher interest rates can affect the real estate market is by reducing affordability. This can result in fewer qualified buyers being able to enter the market, which can lead to a decrease in demand and prices. Additionally, rising interest rates can lead to higher monthly mortgage payments for homeowners, which can put pressure on their finances and lead to increased defaults and foreclosures.
Another way that higher interest rates can affect the real estate market is by impacting the availability of credit. As interest rates rise, lenders may become more conservative in their lending practices, making it harder for some borrowers to obtain financing. This can reduce the overall pool of potential buyers in the market, further reducing demand and potentially leading to price declines.
Overall, higher interest rates can have a significant impact on the real estate market, with the potential to reduce demand, slow price growth, and even lead to declines in some cases. However, the exact effect of interest rates on the market will depend on a range of factors, including the overall state of the economy, the level of demand for housing, and the specific characteristics of the local real estate market.
Q. I Inherited a house and would like to sell it fast what is the process?
A. First, it's important to understand that the probate process is the legal process of settling an estate after someone has passed away. If the deceased person owned property, such as a house, the property will typically go through the probate process.
The probate process can vary depending on the state where the property is located, but typically involves the following steps:
Filing a petition: The first step in the probate process is to file a petition with the court to begin the process. This will usually involve filing a copy of the will and other necessary documents.
Appointing an executor: The court will appoint an executor, who will be responsible for managing the estate during the probate process. If there is no will, the court will appoint an administrator.
Inventory and appraisal: The executor will be responsible for taking inventory of the deceased person's assets, including the house, and having them appraised.
Paying debts and taxes: Any debts and taxes owed by the deceased person will need to be paid using the assets in the estate.
Distribution of assets: Once all debts and taxes have been paid, the remaining assets will be distributed according to the terms of the will or state law if there is no will.
If you have inherited a house, it's important to understand that you may need to go through the probate process before you can take ownership of the property. This can take several weeks or longer, depending on the complexity of the estate and the state where the property is located.
If you need help navigating the probate process or want to explore your options for selling the inherited property, we are here to help, Please don't hesitate to reach out to us for assistance.