|
|
FREQUENTLY ASKED QUESTIONS FOR SELLERS
|
|
Why do you buy houses? To make a profit when I re-sell them. I need to sell my house soon. How quickly can you buy? Sometimes I can buy it as soon as I see it. In most cases, I can buy it as soon as a title company can prepare the paperwork, which is usually 7 to 10 days. How do I know you’re not one of those scam artists like in the newspaper articles? Unfortunately, I know exactly where you’re coming from. I once bought a house only to discover that a crook had already filed a deed on it. (He was recently sent to prison.) I’ve been in the real estate industry over 30 years. I can provide references from people I’ve dealt with who can testify to my integrity. How will you buy my house? That depends on your house, your current financing, and your desires. It might be a cash sale, monthly payments, or a combination of the two. If you are willing to sell it for what you owe on it, then it’s just a matter of filling out some forms. Why should I let you take over my payments? Sometimes that’s the only way to make a deal work. The advantage to you is that a period of on-time payments (by me) will enhance (or restore) your credit rating. I have no equity in my house. Are you still interested? Maybe. To be sure, I’ll need to get the details on your current financing. I have lots of equity in my house. Can I keep some of it? Some, probably. My house is already posted for foreclosure. Is it too late to stop it? Maybe not. I’ll need to get your permission to talk to your lender about the possibility of postponing the auction until a deal can be worked out. (Sometimes a lender will talk to a buyer even when they won’t talk to the owner.) Why should I take monthly payments from you instead of all cash at closing? Several reasons: (1) to make the deal work and solve your problem, (2) so you don’t have to pay a big chunk of it to the IRS this year, and (3) to increase your monthly income and your standard of living. My house needs a lot of work. Are you still interested? Very. |
|
|