Will you be listing my house on the MLS or actually buying it?

Great question. We’re not agents, and we don’t list houses. We are professional home buyers. We buy houses that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it a rental ourselves.

Do you pay fair prices for properties?

Many of the houses we purchase are below market value (we do this so we can resell them at a profit to another homeowner). We are looking to get a fair discount on a property. 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.

How do you determine the price to offer on my house?

Good 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 the values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Are there any fees or commissions to work with you?

This is what makes us stand out from the traditional method of selling a house: There are NO fees or commissions when you sell your house to 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 the risks 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 its payments… and often with cash in your hand).

How are you different from a real estate agent?

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 takes the 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 home buyers. Our company actually buy 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 of 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).

Is there any obligation when I submit my info?

There is absolutely zero obligation for you. Once you tell us a bit about the 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’s100% 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.

Process of Selling a Foreclosed Home in Orlando

Can I sell my house in foreclosure Orlando? Many people want to know the answer to this question. Yes, you can sell your home in foreclosure. Even when foreclosure proceedings have begun, you can still sell your house.

You still have the option to sell foreclosed home in Orlando when the winning bidder takes ownership. You certainly have the legal right to sell your house during foreclosure, even though you could owe more than you can afford. However, having to sell quickly can be problematic in the current market.

You pledged your house as security when you looked for a lender to finance your purchase. The mortgage lender will start a procedure to remove the collateral you put up against the loan—your home—as soon as it becomes clear that you can no longer afford it, for whatever reason, and you cease making payments.

Lenders are finding it difficult to keep up with the number of foreclosed homes in the Orlando area. There are foreclosed properties everywhere, in every price range, and for every socioeconomic class. The foreclosure market in Florida is the broadest and most expansive it has ever been.

Points to notice before buying a house

There are a few things to consider before buying a house at auction, but they can be a terrific way to acquire a good price. First and foremost, it’s critical to study the item you’re bidding on. It serves no purpose to overspend for a property simply because the auction’s excitement enthralled you.

Understanding any potential hazards associated with purchasing a home at auction is crucial. Homes that are auctioned off can contain concealed damage that you’ll have to fix. Additionally, since you won’t get a chance to view the property before buying it, you’ll need to be okay with taking a chance.

Tips for selling foreclosed home in Orlando:

Decide on your maximum offer and stick to it. It’s simple to get wrapped up in the thrill of the bidding and invest more than you had intended.
Make sure that you are closing a profitable deal. Don’t compromise with your requirements to close a deal quickly.
Do Your Research – Likely, you won’t be permitted to access the property before the auction, so it’s crucial to do your homework and, if at all feasible, drive by the house.
Have Your Finance Ready – You must have your financing ready before you start. This entails either having cash on hand or having a pre-approved loan.
Be Ready to Act Quickly – If your bid is accepted, you will be required to pay the full purchase price for the property.

These are some crucial points to remember before sell a house in foreclosure. Make sure you have noticed all the points mentioned while selling your home. Check each and everything properly before closing a deal.