We want to work with you to ensure you have what you need for your next step, whatever that may be. We’re happy to let you cash enough of your equity out to cover a down payment. But remember that the less you finance in the note on the house you’re selling to us, the less money you’ll make in interest on that note every month! So we always encourage sellers to pull out ONLY as much as they need. You want that monthly payment from us to be as high as possible! That payment could even offset the Mortgage Insurance on a low down payment loan you secure on your next home.
Yes, you sure can! Mortgage Lenders will see the loan for this house on your credit report, but will consider it a “sale” rather than a liability. As long as you maintain good credit, they will not count this loan against you as a debt and it will not affect the amount you can borrow for a new home. You can confirm this with any Mortgage Lender by calling them up and asking the same question!
We enjoy partnering with homeowners to create a win-win solution to sell their home hassle free and fast. We do also make cash offers if you are interested, however they require you to forfeit some of your equity to make the deal work. It’s your money, and we would like to see you keep it and watch it grow. We will be leasing your property to someone who does not currently qualify for a mortgage, but wants to be a homeowner. When they can qualify for a mortgage and are ready to purchase the home, we will pay off all loans and you’ll get the rest of your money. In the meantime, you’ll get to be the bank and collect interest without any of the headaches of being a landlord.
We make our money by selling the home for 100% of Fair Market Value to our tenant buyer. To protect ourselves, we have to buy it at 90-95% to ensure that we can make money for managing the process. Keep in mind that you’ll be getting payments with interest, so the net profit for you will normally be well above your asking price. And remember, selling your home with a realtor normally costs between 5-15% of your home’s value, after factoring in commissions, closing costs, holding costs, and negotiations. Our offers far outweigh what you would receive from a traditional sale.
Not a problem! We’ll buy your property “as-is”, giving you the freedom to sell your property quickly without the typical repair headaches!
In Central Florida, the average cost of selling your home with an Agent is around 13% of the sale price after commissions, negotiations, holding costs, closing costs, repairs, etc! Because selling your home with us strips almost every bit of those costs away, our offer of 90-95% is a TRUE 90-95% offer.
Not to mention that when listing it with an Agent it very regularly can take around 3 months, and often longer, to get to closing. We move extremely quickly, going from contract to closing in a week or two instead of many months. We also split closing costs with you and don’t require you to make repairs which can be another potentially expensive part of listing your property with an agent.
Let us prove to you how much more profitable and headache-free a sale with us can be!
No, we are not Realtors and we never collect a commission! It’s one of the many things that set us apart from a typical Real Estate agent!
We want to be fully transparent, and have absolutely nothing to hide. Everyone makes money in our deals. That of course includes you. And it also includes us! How we make our money is pretty straightforward. We buy the home from you at 90-95% of Fair Market Value, then we sell it to someone else at 100%.
You may read that and ask yourself, “then why don’t I just list it with an Agent and sell it for 100%?”
Well, the average cost to sell your home through an Agent in Central Florida is 13%. So…that “100%” becomes 87% (or less) real quick. At that point it’s just basic math to see why our deals make sense for you (5-10% is less than 13% 😉 ). The small spread between what we purchase the house for and what we resell it for is how our company makes money.