FREQUENTLY ASKED QUESTIONS
When should you Drop The House?
Drop The House let’s sellers know that we are willing to buy houses that are either in poor condition or, for one reason or another, might not be attractive to all buyers. This includes some of the following reasons:
- Houses with serious structural issues such as foundation, roof, plumbing, or electrical problems.
- Houses located in less than desirable or high-crime neighborhoods.
- Houses that are located in flood plain or in areas prone to the effects of weather.
- Houses with high-interest rates or undesirable mortgage financing.
- Houses with payments or balances that are too high for the owner to handle.
- Houses that have bad memories for the homeowner, such as a death, divorce, or tragedy.
- Houses that no longer serve the needs of the homeowner — too big, too small, inconvenient location, and so on.
What If I’m not sure If I Should Drop My House?
We’d still like to hear from you. Our buyers are interested in any houses that might be good investments, regardless of condition. Whether your house needs a lot of work or just a little, call us.
How Do You Determine The Cash Offer You'll Make For My Home?
- The current condition of your house.
- The approximate cost of repairs and renovations required.
- The amount of time it will take to renovate your house.
- The future “post-renovation” value of your house, compared to other homes in the area.
- The amount of real estate commissions required to sell your home after renovation.
- The cost of maintaining the house until it’s ready to sell, including insurance, utilities, taxes, loan payments, and more.
The estimated future “post-renovation” value of your renovated house, minus these costs, helps us arrive at the cash offer that we make.
How does the process work?
Our process consists of 3 easy steps:
- Consultation- After filling out our Drop The House In-Take Form, a member of our team will contact you to discuss the details of your home along with your reason for selling to figure out which selling option is best suited for your unique situation.
- We make an offer- When putting together your cash offer, we take into account all of the information you have provided, your asking price, and the fair market value of your home. Our team of advanced real estate specialists will walk you through the offer, providing an opportunity to answer any questions you might have. Once a price is agreed upon, and you have chosen a date to close, you will receive an electronic contract that can be signed from your computer or smartphone.
- Condition verification- We will set an appointment to view the house at a time that is convenient for you .Don’t worry if the house needs repairs. We buy houses in “as-is” condition. This means you take what you want, move out on the date of your choice and let us worry about the rest! We conduct this inspection after a price is agreed upon because we respect your time. You will not have to worry about the legal details or closing constituents. We will handle everything up to handing you your check and keep you informed every step of the way.
What if there are liens, taxes, or judgments that need to be paid before I can sell my house and I am unable to pay them?
If there are liens or judgments that you are unable to pay, just inform a member of our team in the initial consultation and we will work with you to try and figure out a solution. In many cases these fees can be taken out of your proceeds at the time of sale.
When you say you pay cash, do you literally hand me cash?
All real estate transactions have to be recorded by either a title company or a real estate lawyer. We handle the process from the time you sign the contract to the closing date. You will have the option of picking your check up at the local title company that handled the transaction or we can have the check couriered by a mobile notary to your home.
How long will it take to close on my property?
It is up to you when we close. Just let us know your date of choice and we will do our best to accommodate your request. Normally it takes the local title company a two weeks to process all of the required paperwork. Since they are a 3rd party organization some deal with a high volume of transactions and might take longer than others. We do our best to work with your unique situation and timeline.
Is there any obligation on my behalf?
No not at all, our services are free and if you don’t accept our offer you will not be charged anything or have any out of pocket costs
Because you are paying cash, can you provide me with a proof of funds showing that you are able to buy my home?
Absolutely. You may request our proof of funds from your assigned acquisitions agent and they will email it directly to you. This is something you should request from anyone offering on your home. Unfortunately there are many “investors” out there claiming to be “home buyers” that do not have the funds to purchase your home and many deals fall out of contract for this reason and can be a huge time waster.
Offers On my Home. If there are multiple people interested in your home you will receive the best and final offer. We are here to help provide a solution for you and offer any support we can in the sale of your home.
DROP THE HOUSE
