Are you going to list my home?
No. We are not real estate agents and are not interested in listing your home.There are advantages to listing a house for sale and depending on your situation this might be a way to go. If this is the best approach for your situation and you do not yet have an agent in mind – we would be happy to recommend a few.
Will you buy my house in as-is condition or do I need to make sell ready repairs?
We buy houses in as-is condition. Homes we buy usually are in need of repairs such as roof, foundation, flooring, plumbing issues, etc.
Will the closing take place at a title company?
Should we get as far as closing – we will ONLY close the transaction with the involvement of a title company. The activities of title companies are regulated in the State of Texas and this ensures that both parties are protected. Title companies verify the ownership of the property as well as provide escrow to make sure you, the property seller, receives the funds as per the agreement.
If we decide to accept your offer, how long before we get the money for the house?
Should you decide to sell your house to us – we can close as quickly as 7-10 days from the date of the accepted offer. The 7-10 day window is needed for the title company to prepare the documents and to make sure you are the legal owner of the house you are selling.
What if I have a tenant in my house?
People often sell houses with tenants in them. We have no problem purchasing a property if it is currently rented to a tenant. Looking to sell your property with a bad tenant in it? No problem – we have experience dealing with bad tenants. You do not have to evict the tenant or worry about collection efforts.
What if I am behind on my mortgage payments?
Banks who are owed money would love nothing more but for you to pay them current and to pay off the loan. If you are behind on your house payment and looking to sell – we will take care of dealing with your lender and making sure they are paid off without you having to bring your mortgage current.
What if I owe more than my house is worth?
According to recent research stats from a reputable real estate company – only 10.9% of home owners in the Dallas area are upside down on their mortgage, which is about half the national rate. With that said – if you are one of those 10.9% you have several options available to you:
Option 1: Stay in your home and continue to pay your mortgage, eventually appreciation + your payments will bring you out of the ‘under water’ situation.
Option 2: Pay down the difference between selling price and the balance that you owe to the bank.
Option 3: While we don’t encourage it, your third option is to pursue what is called a short sale. Short sale is when you sell your house for less than what you owe and the bank accepts pay off short of the balance, hence the name ‘short sale’. Short sale is a complicated process and most home sellers are advised to get assistance from a professional. Depending on your situation we can assist with a short sale or recommend a trained professional at no cost to you.
Option 4: We can buy your house “subject to” the existing mortgage. If we buy the house, we continue making the payments, and the note remains in your name. Learn more about subject to sale offers and see if this option is right for you.
Ready to sell your house for cash? Contact us for a free, no obligation written cash offer!