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The most common question we get asked is: How does your program work? This is interesting to us, because we thought our statement "We buy houses cash" was pretty clear.
Turns out its not!
-Read Important Information Below-
It appears from all the calls and e-mails we get daily, all these "We Buy Houses Cash" companies aren't really cash buyers at all. Most of them, our clients report, lack the creativity or experience to get difficult transactions done.
And to make matters worse they try to use late night informercial books to teach them how to get your property with no out of pocket cash! Techniques such as options to buy, buying with other peoples credit, getting the property under contract and then "flipping" the contract. This as many of you have heard, is called the "No Money Down" strategy. It's an epidemic out there it seems. Hundreds of seminars nationwide and take a look at late night infomercials if you don't believe us.
These books and seminars, attempt to try and teach wannabe investors how to to buy with "no money down".
The main strategy in these books and seminars is to advertise "We Buy Houses Cash" everywhere to catch attention and get motivated sellers to call. That's the reason why you see so many signs on street corners, electric poles, EVERYWHERE.
The only ones getting rich are the books writers and the seminar speakers. This approach worked in the 1980's when interest rates were sky high but with interest rates at some of the lowest in history, it no longer makes sense for the seller.
Here's OUR Process from start to finish:
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- During your initial contact with us via phone, e-mail, or online chat we will discuss with you your situation.
- We will ask you for your property address so we can run an area comparables report
- After reviewing the report with you, we will most likely ask you what your bottom line number is.
- We will talk with you about how the pricing compares to what we've determined to be fair market value
- If what you are asking for the property is fair, we will set an appointment to see the property
- Upon arrival and inspection of the property, if we confirm everything is as you told us, we will produce a contract
- We will review the contract with you, state the terms and conditions make sure we both agree on them and then sign.
- In many instances, we may give you cash or a check on the spot.
- If not, we will open escrow with the contract and deposit our purchasing funds with the title company.
- Upon receiving the title report, usually 24-48 hours provided everything was as stated, we close and you get your check.
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A 10 step process. Simple-Fast-Efficient
Usually anything this simple involves a catch, right? Not always. You see to us, an easy deal is far better for us than a complicated deal because we can buy far many more houses taking the simple route, then more complicated ones. Since most of the other companies only buy 1-2 properties every few months, they can afford delay. We can't. We're on a buying spree!
Now, certainly there must be companies out there that do what we do, as fast and as easy as we do it. We sure would like to know who they are. We sure are lonely!
Here are the benefits:
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- Fast closing times, in as little as 1 day
- We have no contingencies on financing
- No last minute falling out of contract due to buyer not qualifying for a loan
- No need for you repairs
- No Commissions. Period.
- Cash up front to you in many cases
- Cleaning up the house is not necessary
- You deal with a A+ company that has bought hundreds of properties
- You can always reach us via Phone, Chat and e-mail.
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Absolutely FREE consultation!
STAY IN THE HOME as long as you NEED. This is PERFECT if:
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- You're new home is still in the process of being built
- You are IN FORECLOSURE and currently risk losing your home
- Want to sell now, but need a little time to find something else
- You want the security to know your home is already sold, but need a little extra time to decide what you want to do
- Are getting a job transfer, and don't want to wait until the last minute to try and sell your home.
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Here are some drawbacks:
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- Sometimes the property has liens we have to clear before we can purchase. -That may take extra time
- No equity homes are not as attractive as homes with equity. Therefore, we - use most of our cash for better buys.
- Don't expect to get offered full market price for your home.
- You want to close fast with a guaranteed cash buyer, be realistic. You will have to discount the price a little.
- Does this mean we won't buy your NO EQUITY HOME AFTER WE SAID WE WOULD?- NO! Absolutely we will, we just may not close as fast on it. A deal with us is ALWAYS a deal. We prioritize purchasing homes with equity or that are facing foreclosure.
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SCAMS:
It's unfortunate, but real estate scams are an everyday event making headline news it seems almost daily. You can protect yourself:
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- Make sure the company you are using is reputable. Check with your local Better Business Bureau. If the company isn't reputable why take a chance? Find out if their corporate status is current. Find out how long they have been in business. Ask to see a bank funds letter to show they really have the cash to buy your property.
- Make sure the company you are using has a permanent location. Go visit it to see if its really there. How are you going to find them if they work out of their car?
- Ask for references. You want to make sure other people are happy with the way they were treated.
- Don't sign anything without reviewing it first! Have an attorney or professional review the information. Ask questions. If the questions can't be answered on the spot, you probably are dealing with someone without the experience needed.
- Make sure every single agreement you have is IN WRITING. Verbal agreements will not stand up in court in case of a problem.
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Hopefully this will answer most of your questions. If not, e-mail us.
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Our unique concept is the reason why so many property owners wanting to sell, quickly, and without hassle, choose:
ALLHOUSEBUYERS.COM
We offer COMMON SENSE solutions to complex Real Estate PROBLEMS |
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