Frequently Asked Questions
You’ve got questions and we’ve got answers. If we don’t cover it below, please contact us (or give us a call) and we’ll be happy to answer it for you.
Q: How are you different from everyone else?
A: We are experienced, local investors that are looking to buy your property. We are not some out of state investor, institutional investor or in the business of wholesaling real estate (getting your property under contract to assign it to another buyer for a fee). We close quickly, have several funding sources lined up and will buy your property as-is, where-is and cover all fees associated with the transaction.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. We are local buy and hold investors: We buy houses in CT that meet certain purchasing criteria. We are not flippers and will personally hold and rent out the properties to high quality tenants after we complete any needed renovations, bringing value our local communities and neighborhoods.
Q: Do you pay fair prices for properties?
A: Yes. Our philosophy is rooted in creating mutually beneficial transactions to better our communities. Our offers are based upon comparable sales of properties in like condition.
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. Have you received offers from “We buy houses” companies that didn’t make sense? Give us a call and let us show you how we’re a cut above the rest.
Q: Are you going to provide me with an “all-cash offer”?
A: One of the many reasons sellers love working with us is our flexible closing time that we calibrate to your desired closing date. In cases where you prioritize a fast closing, we can provide you with an all-cash offer if we think that is the best way to meet your desired closing time frame. In other cases, we leverage our relationships with local private money investors, hard money lenders or community banks and credit unions to fund purchases. Our funding sources can close in <21 days and are experienced working with investors so you won’t see any mortgage or appraisal contingencies in our offers.
Q: Why should I sell to you vs a buyer who is guaranteeing me an “all-cash offer”?
A: We encourage sellers to explore their options with different buyers. However, be sure to thoroughly evaluate buyers promising “all-cash” offers by requiring proof of funds as in many cases these buyers do not have the cash themselves. Instead, they are looking to lock you under contract with them and then assign the contract to another cash buyer that they have a relationship with for a higher price. They have no way to guarantee that the other investor will follow through and usually will have a clause in their contract to allow them to back out of a deal if they can’t find an interested cash buyer . This is called real estate wholesaling which we DO NOT do. We are the real buyers and are the only party that you will be transacting with.
Q: How do you fund a property purchase and how are you different than a buyer with traditional financing?
A: We fund our purchases with cash or alternative funding sources such as local private money partners, hard money lenders or community banks and credit unions. Unlike traditional lenders that can take 60+ days to close a 30-year fixed rate mortgage along with stringent underwriting and mortgage and appraisal contingencies, our funding sources can close in <21 days and provide you with a quick, contingency free closing! When you sell to us, there’s no risk of financing falling through or closing being delayed. When we make you an offer, that’s the full amount you’ll receive if you decide to sell to us.
Q: Are there any fees or commissions to work with you?
A: No. When we make you an offer we cover all of the closing costs, doc fees, and even the attorney’s cut. (This will all be covered in your Purchase & Sale Agreement.)
Q: Is there any obligation when I submit my info?
A: None. We want to educate you on your options. The end decision lies completely on you, your family, and your timeframe.
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