Here are some common questions answered…
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Q: What types of properties does Cyndie purchase?
A: Cyndie buys all types of properties including single family homes, multi-family, townhouses, commercial properties and sometimes land; everything from 19th century homes to newer homes. Houses with mold, severe foundation problems, or even rodent infestations. We like to stay in California, specifically the Bay Area; however, if it makes sense, we will take a look at anything. If we aren’t interested, we probably know someone who is!
Q: Does the condition of the home matter?
A: No! Cyndie buys homes “AS-IS”. This means that it doesn’t matter if the house is in great condition, is outdated, has structural damage or other costly repairs – we will still make you an offer!
Q: What if I have no equity in my home?
A: I do buy homes with no equity depending on the estimated value and other factors. Give me a call to discuss the details if this is your situation.
Q: Are you going to pay a fair price for my property?
A: There are certain situations where we can pay full market value (If you’re willing to seller finance the property, in certain locations). It all depends on the situation. Many times we have to purchase a house below the “After Repair Value” so we can resell it at a profit to another home owner). However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!). If you don’t have equity on the property, don’t worry; we can still help!
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Q: How do you determine the price to offer on my house?
A: Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too. Our evaluation will be explained to you, so you can understand exactly how we came to the amount we are offering.
Our motto has always been…”If you can’t walk away happy from the sale, then we don’t want to buy it”. We rarely find a property that we can’t make a suitable offer for.
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking all of the risk here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and it’s payments… and often with cash in your hand).
Q: When will I get paid?
A: Just as if you were to sell your house through a Real Estate Agent, when we purchase your property, you will get the proceeds from the sale as soon as the house closes escrow at the Title Company; usually in as little as 7 days. Your funds are as safe as possible, because we only use Top Rated and Government Regulated Title and Escrow Companies.
At the time you go in to sign the closing papers, they will give you several options as to how you can get your funds. For instance, here are 3 most common ways to get paid the proceeds from the house’s sale:
- Pick up the check in person from the Escrow Agent once the property’s sale has been recorded the county recorders office.
- Have the Escrow Agent wire the sale’s proceeds to your bank account once the property has closed escrow.
- Have the Escrow Agent mail you the check once the property has closed escrow.
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re actual buyers with cash. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
Q: How fast do I need to move out of my home?
A: Well, how soon do you want to move out? It’s usually that simple. Typically, we expect you to be completely moved out of the house by the actual closing date itself. However, if there is a reason that you need more time to move out, then let us know in advance so that we can make the appropriate arrangements.
Remember, we can typically close your house’s sale in just 10 days. If you need some extra time, just let us know. We always let YOU pick the closing date. Whether it is in 3 days, or in 6 months, you get to decide when we close on the home.
Q: When you say you pay with CASH, do you actually show up with a briefcase full of cash?
A: No. Paying with CASH is more of a saying. It implies that we are not making the sale contingent upon a loan, and that the funds are readily accessible. In essence, it is as simple as wiring the funds on the closing day from our bank account to the title company’s bank account.
Q: What if I am behind on my mortgage payments?
A:That is not a problem at all. I can buy you house at any stage of the foreclosure process except after the Trustee Sale has taken place. The closing agent will order a total payoff from your lender(s) and then they can use the proceeds from the sale to take care of any outstanding back payments. Even if you are in foreclosure, we can still help. However, if you find yourself behind on your mortgage payments, time is of the essence. The sooner you start the home selling process with us, the better the end result will be for you. Now is not the time for any hesitation or delay. Call us today at (510) 345-4015, or fill out the short form below to contact us.
Q: I am actually in foreclosure, and there is an auction date already scheduled; can you close quickly enough to stop it?
A: Yes! We sure can; but you’d better hurry. We need every extra bit of time to stop a foreclosure. Also, the longer you wait to sell your house, the less we may be able to pay for your home. Simply put, the loner you wait, the more the attorney’s fees will dramatically increase. All we can suggest is that the sooner you can contact us to sell your house, the better the result will be for you.
Q: Why should I even bother selling my home? I am behind in my mortgage payments and my credit is already bad. Why shouldn’t I just give my house back to the bank through foreclosure?
A: That’s a great question. Any many people who get to this point of financial frustration would feel the exact same way. However, we must remind you that someday in the near future you will get your finances back in order and you will eventually want to use credit again to buy another house. One of the worst things that you can have on your credit record is a foreclosure sale. Whether you realize it or not, it is something that you want to avoid if it is humanly possible to do so. So, by selling your home to us, you can avoid the pitfall of ever having a disastrous foreclosure on your credit record.
Q: What if my house is currently rented out? Would you still want to buy it?
A: That’s not a problem at all. However, please let us know about it being rented out when you first contact us on-line or by phone. Also, make sure to let us know the three following things:
- How much is the monthly rent?
- How many months remain on the home’s lease?
- Is the tenant current? Or, how many payments are they behind?
Q: I live out of state. Will I have to fly back to close the home’s sale?
A: Thankfully, there are companies like FedEx or USPS. Our closing agents do NOT require you to be physically present to sell your home. All you will need to do is sign a few forms in front of a notary for a few minutes, then insert the notarized and signed papers in a pre-paid envelope. You will them simply drop it off at any FedEx or post office. Really; we will make it quite painless for you to sell your house to us.
Q: How do I sell my house fast?
A: There are a number of ways to sells your house quickly. The first one is to get a few offers from our company and determine if our offer fits your needs. Another possibility would be to sell with a Realtor; however, you may have to wait longer to sell your home. Here is a great article from Reader’s Digest that provides some wonderful tips to help you sell your house.
Q: What happens after I accept your offer?
A: It’s a simple process. We open escrow with the title company, providing them with all the necessary paperwork. I or someone from my team will come by for a 15 minute walk-through to verify the condition of the property. This inspection does NOT affect the purchase; it is for my records only. Within 1 week (depending on the paperwork and speed of signing the paperwork) you will have your money and your house will be SOLD!
HAVE MORE QUESTIONS? WE HAVE ANSWERS!
LET’S CHAT: (510) 345-4015
Even if you’re not sure yet if you want to sell your home, we’ll go over the options together and get all your questions answered.
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