Frequently Asked Questions (FAQs)

Can you give an example of a typical transaction and compare it to selling my home the traditional way through a real estate agent?

Yes. Let's say your home needs $10,000 in repairs in order to be ready to sell, and that after repairs it will appraise for $125,000. Your current monthly payment is $800 and your loan balance is $70,000.
Bottom Line: In this example, selling the traditional way could net you $3,450 more money, but you have to make and finance repairs, keep your house in ready-to-show condition, show your house, and wait 6 months on average from now to the point where all of the repairs are made and you are actually at the closing table. You also have to hope that you don't run into a buyer that can't obtain financing, otherwise you have to start the clock over again, more than wiping out the extra $3,450.

This is just one example. It is also possible in some cases to walk away with more money by selling to us versus taking the traditional route. And as bonuses, you don't have to make any repairs or do any cleaning, you don't have to deal with a difficult and stressful sales process, you don't have to coordinate any of the paperwork and tasks associated with the closing, and you can sell right away. When you work with us, you will get an offer in 48 hours after we see your property (probably immediately) and we can close in 7 days or less.
I have a recent appraisal. Is that what my house is worth?

Most likely your appraisal is high as compared to the actual value a homebuyer will pay. Appraisers often feel pressure to look on the bright side. Lenders get to make more loans with a higher appraisal, so there is some push there. Also, real estate agents are always trying to push home values higher to get higher commissions. It's not that anybody is lying, it's just the way the system works.

Homebuyers help keep the system in check. In practice for the Atlanta marketplace, a retail homebuyer will pay between 90-95% of a fair appraised value, and a wholesale buyer will pay between 65-80%.

MARKET ALERT: Prices are DROPPING in the metro Atlanta market in most areas. This is another reason why a recent appraisal may be higher than the market will bear.
I owe about as much as the house is worth. Real estate agents don't seem to be able to help me. They say I don't have any equity. Is there any way that your company can buy my house?

It is true that there needs to be some equity in your home in order for an agent or an investor to get involved, but there are many ways to create equity that real estate agents can't do and others don't know how to do! For example, we can create equity through smart repairs and upgrades. Also, if you have missed any payments, or you are facing that situation soon, then your lender might be willing to negotiate with us as a ready and able buyer so that everyone can come out a winner. There are other ways to turn your situation into a good deal for everyone involved. Don't assume that you have no way out. Contact us today!
I'm facing foreclosure. I want to sell my property and avoid the credit problems that come with a foreclosure and with filing for bankruptcy. Can you buy my house fast?

Yes, buying property in distressed situations such as foreclosure is our specialty. We can typically close in 7 days or less provided you and your lender work closely with us and your home meets our criteria.