Frequently Asked Questions
No! There is no obligation on your side! We will simply review the information, make you an offer, and you choose to accept or reject it, totally your choice!
In a case where multiple liens total to more than the current value, we may take on the debt through a quit claim deed. This immediately frees you from foreclosure and paying back the debt if done correctly. Another option is a “Short Sale”; This is when your mortgagor or lender will forgive the difference between a sales price and what is owed. We can handle all this for you. If you are headed toward foreclosure contact us immediately, because a foreclosure in most cases is worse than a bankruptcy and your credit is destroyed.
In most cases its up to you. A typical available closing schedule window is one to two weeks.
The path to Closing is the Escrow process, which is also the discovery period that may end, delay or change terms of an agreement and usually include contingencies.
One of the longest (1 to 2 months) and largest headaches is with traditional Bank, Credit Union or Mortgage Company Financing used by most retail buyers. Even if the contingency period may be for 1 to 2 weeks, those lenders can withdrawl at any time. The unfortunate trend, is that within a day or two (even the day of closing), delay(s) or even loan denials happen. This is very frustrating not only to the buyer, but to you the seller for all the wasted time. It could mean missing the timing of the selling season and shows up as an older listing once back on the market.
Most of our offers will include securing financing through our Partners or Network / Group of Investors like Hard Money or Private Money Lenders. This lender pool for investors like us, is much larger and is positioned to act quickly. There is good competition with them and this allows us greater capacities in making offers. Sometimes offers may be for Cash, meaning the lender contingency is removed.
The most common contingency is for the property inspection(s). The rest of the Escrow process proceeds as usual to closing.
Every calculation is different, however the following is the general outline for cash offers: An ARV (After Repair Value) is determined from Comparative Market Analysis with similar methods and tools real estate agents use. Repair Costs are estimated based on maximized marketing targets. Risk Assessment is factored based on the future sale of an unfinished property without an inspection or appraisal. The intended future sale of the property through an agents MLS Listing has commissions, fees and Closing costs projected. A Short Term Private Lender mortgage is obtained at a high rate of return allowing us to leverage Quick Cash offers. Overhead costs are estimated to cover the time from Current Closing to Future Closing. A small portion is considered for “Built In Equity” to the future buyer once the property is listed on the MLS for greater marketability. A fair profit is considered to leverage the project scope for the services rendered. Finally, the current offer Closing costs, fees, Agent fees if any are entered and produce a total figure known as MAO (Maximum Allowable Offer). The numbers have to work for us to even be here & continue offering our services of buying properties.
From experience; anything, everything and nothing at all. I know that doesn’t help much, but maybe most common is bank financing delays. Sometimes items like liens from repairs, updates or remodeling in the past which might easily be corrected with proof of receipt. A Judgement may creep into view, but can simply be entered into closing accounting. Rest assured, we’ve seen it and will work with you to find a solution.
ABSOLUTELY 100%! Your privacy is of the utmost importance to us. Any information you provide is completely confidential! If you want to deal with a reliable, reputable company who will treat you with professionalism, understanding, and respect – YOU HAVE COME TO THE RIGHT PLACE!
Nothing! We do not charge you any fees to discuss your situation, make you an offer or to buy your home.
Once you have completed the online information request form or contacted us by phone, one of our real estate solutions specialists will contact you (usually within 24 hours). After review of required information with you. We will research the property and discuss all the details with you. We may be able to make you an offer for our company to buy your property directly from you right over the phone, or in most cases we will schedule a time with you to view the property and make you an offer or present other options that may work better for you. We hope at least the info will help get your property sold.
We buy houses in most any condition, area, price range and situation! We can buy your house in its current condition, you don’t need to do ANY repairs!
Whether your house is in foreclosure, over-leveraged, condemned, has liens or health department violations, not maintained, burned, damaged, or $1 to 1 million + WE CAN BUY IT!
No, you do not need to clean! Also, take the personal items you want and leave what you don’t!
We are not licensed Real Estate Agents! Property Redevelopers LLC is a Real Estate Investment and Solution company. We are property acquisition specialists that can buy houses directly from sellers. We do not want to list your property, we want to BUY it! There is never a charge or a commission when we buy your property! However if listing your property is the best solution then we can and will connect you with a recommended licensed agent.
YES! If there is a vacant house on your street or you know someone who needs and wants to sell their home, please refer them to us! You may provide us their information and we will do all the research and make an offer. In some cases we will pay you up to $1,000 for a referral in the form of a concession at closing! Contact us directly to discuss the terms.
YES! Property Redevelopers LLC is a Professional Real Estate Solutions company that can solve these difficult situations. Please contact us for a confidential consultation.