Frequently Asked Questions |
Call 321 - 895 - I BUY (4289) |
Q. What is the best way to contact you? A: By Phone: 321-895-4289 Or By Email: allan@yourhousebuyer.com Or fill out the Sell Your House Now Form Q: How does the process work if I am ready to sell my house? A: It's easy: you email or call us and tell us about your house and what you would like to happen. With this information, we can present to you multiple offers on your house. All you have to do is tell us which one you like best. In many situations, we can finalize the sale within 1 week. A: We do not charge any fees or commissions for our services. Also, all our offers include us paying closing costs to avoid any surprises to you at closing. Q: How much time will I get to move out after you buy my house? A: We work around your schedule for moving, whether you want to move in 1 week or 1 year. Q: Will you pay my moving expenses? A: We have many programs that include our paying for your moving expenses. Q: Will I get a fair price for my house? A: We can tell you what your house is worth in today's market if you have the time to list it for months, or if you want a quick sale. There are at least two prices for any house, the cash price or the price with financing. Offering owner financing will always get you the best price. We have many different ways to purchase your house. If you are flexible, there is a way we can buy your house quickly. If we can not come to a mutual agreement, we can just part friends. We are happy to give you some suggestions even if we don't end up buying your house. Here are the 3 most common ways we purchase houses. 1. All Cash offers Our cash offers depend on the condition, location and loan balance of the house. The offers may be approximately 10 to 15 percent lower than what you may get going the conventional route selling through a Realtor only we buy in 7 days or less, not 7 months. 2. Subject-to When we buy your house "subject to" the existing mortgage(s), liens and or judgments stay in place. We step into your position and start making your monthly mortgage payments. We are also responsible for the ongoing utilities, lawn care, repairs, property taxes, liability, and advertising costs of the property--so you have no ongoing expenses or worries. You're probably wondering, what if we don't make the mortgage payments? That has never happened with us since our credibility is very important to the future of our business. Also, we use an attorney who draws up the documents to protect you. 3. Owner Financing Owner financing is becoming more popular with sellers since the market has changed. We can make you payments over time for your equity, and at a higher interest rate than what the savings accounts at banks can offer you. It provides you with a steady stream of secured income. Q: Where will the closing take place? A: Our Title company has branch offices in Central Florida. We will use the branch closest to you. If you don't live in Central Florida, they can arrange to do closings by mail. Q: How can you buy so many houses and pay cash for many of them? A: We have access to private funds and equity lines of credit. The availability of these funds allow us to purchase 2 to 3 houses a month. Eventually the houses that are purchased are either re-financed or sold to pay back the original funds borrowed so they are available for us to purchase more properties in the future. Q: I have tried everything: for sale by owner and using Realtors. Why won’t my house sell? A: Today, price is a major determining factor as to whether someone will purchase your house. Many buyers are sitting on the sidelines waiting for the market to bottom out before they buy. You probably can expect this market condition to continue for the next few years. Q: What if I am behind on my mortgage payments? A: CALL US IMMEDIATELY. Every day that passes eats away at your valuable equity. Q: What if I owe more on the mortgage than my house is worth? A. There are solutions. The most common one is working out a short sale with your lender. We have been successful in negotiating a sale price lower than the mortgage payoff with lenders. Call us and we can explain the process. Q: Why should I bother selling to you, when I can just let the house go into foreclosure? A: Mortgage and credit experts say that having a foreclosure on your credit report has the worst affect on your credit. It will reduce your credit score by over 250 points. You may have to wait up to three years to qualify for a mortgage again at a reasonable rate. And, poor credit makes it difficult for you to rent a house or apartment. Plus, your credit affects more than just your housing. One homeowner wanted our help to stop her foreclosure because she was applying for a new job and they would not hire her because of her bad credit. Generally, you pay more for everything when you have bad credit: insurance premiums, car loan interest, and credit card interest are typically much higher for those with lower credit scores. Q: What is a “Short Sale?" A: A Short Sale is when the seller and buyer work together and offer the lender less than what is owed to them for the mortgage balance. Short sales show up on a credit report as a “pre-foreclosure in redemption” status and can result in a credit score reduction of 100 points or less (vs. 250 points for a foreclosure). After the sale, the mortgage may show up as “discharged”. People who successfully complete a short sale may also qualify for a mortgage at a reasonable interest rate in as little as 18 months (vs. up to 3 years for a foreclosure). Q: How do I know if I qualify for a “Short Sale?” A: It really depends on several factors. The best chance at negotiating a short sale is when: * the property is in poor condition and in need of many repairs * there is a high loan balance as a percentage of the value of the house, and * there have been extensive personal hardships that have caused you to fall behind in your payments. A: Yes A: Yes A: Yes, because we are in the business, we know the knowledgeable Probate Attorneys that will get the job done to create a smooth transaction. A: We buy houses in any condition; PRETTY with no repairs needed to UGLY needing tens of thousands of dollars in repairs. A: We buy houses anywhere in Central Florida. A: We buy houses in any price range. A: Single family houses, Multi-family properties, Apartment buildings, Mobile or Manufactured homes with or without lots, Mobile home parks, and vacant land. A: Yes, but you would be responsible for paying your Realtor's commission. my house? A: Not until we both come to a mutual agreement and OK the paperwork with signatures. A: That’s fine, we will have you sign a release and discard anything you leave behind. A: Most definitely! We can trace down the owner and make them a cash offer. If we purchase the house it will be quickly fixed up and increase your neighborhood property values! See an example just like that in our Before and After Slideshows. A: Legally we cannot pay referral fees to non-licensed individuals. If you like we can partner and we both can get paid when the house sells. Q: I still have questions! A: Contact us with your question and we will answer it as quickly as possible. A: Great! Complete the Sell Your House Now Form and we'll get started or call Allan now at 321-895-4289. |