Get answers to your questions about selling your property in the Greater Pittsburgh area!
Click the question to see the answer.
What type of property do you buy?
In the Greater Pittsburgh Area, Allegheny County and the surrounding area, the types of properties we’re looking for are varied. We buy houses, small apartments, mixed-use commercial properties, vacant land, acreage, vacant homes, rental properties, duplexes, triplexes, four-plexes, multi-plexes and the right commercial properties.
How does the sales process work?
It can be as simple as 1,2,3 &4! 1.) Contact us to get a fair, no-obligation offer. 2.) Meet with us at your property. 3.) Accept our offer to buy your property. 4.) CLOSE!!
Do you really buy houses and other properties “AS-IS” and then pay all fees?
YES! We buy properties in any condition, with or without tenants. You don’t need to worry about repairs and we take care of all closing costs and or lawyer fees associated with the sale. You don’t have to pay commissions, appraisals, inspection fees, REALTOR® fees, title search, document preparation, title insurance, transfer fees, escrow fees, or any other fees with our offer. You want to sell, and we want to buy! We make it simple!
Is there any obligation when I submit my information to you?
There is no obligation at all. Contact us, tell us a bit about your property and we’ll take a look at things. Our guarantee is to make you an offer within 24 hours of our walkthrough at the property. It’s always 100% your decision whether you would like to sell your house to us.
Are your deals confidential?
YES! We hate spam and it’s definitely not cool, so we’ll go out of our way to prevent you having to deal with it. We never rent, sell, or share your info with anyone. We treat you with the respect and consideration that you deserve, and our deal with you will be 100% confidential.
How do you determine your offer price for my property?
The simple answer is that we look at a great many variables, but the primary factor is our experience. In more detail, we then consider: the location, deferred maintenance, necessary repairs, condition of living space or interior space, and property comparables. Additionally we consider local, legal and municipal factors… to name a few. Although property values fluctuate and most areas still haven’t seen prices properly rebound to where we would like, we truly look for a value proposition, including a fair cash offer price, which meets with your timeline.
What do you need to know in order to buy my house?
Really the typical stuff, including: How many bedrooms? How many bathrooms? Is there a garage? Is the basement finished? What is the overall condition of the property? How long have you owned the house? We can get started with just some basic information about your house. We’ll also need things answered like: Are there any outstanding liens against the property? Do you have a current mortgage? If so, what’s the balance? From there, we can get started on the purchase process.
What if there are liens, taxes, or judgements that need to be paid before I can sell my house and I am unable to pay them?
If there are liens or judgements that you are unable to pay, just inform us of them in the initial consultation and we will work with you to try and figure out a solution. In many cases these outstanding balances can be taken out of your proceeds at the time of sale.
How long will it take you to close on my property?
It’s pretty much up to you when we close. Just let us know your date of choice and we will do our best to accommodate your request. Normally (but not always) it takes the local title company up to a couple of weeks to process all of the required documents. They’re a 3rd party organization and this piece is out of our control. We do our absolute best to work with your unique situation and timeline.
Are you actually buying my property, or just listing it for sale?
We are buying the property from you. This is a hassle-free buyer/seller transaction. Real estate agents are an added layer of expense for our business that would be an unnecessary cost and a true disservice to you.
How are you different from a real estate agent?
Real estate agents typically just list properties on the MLS multi list and wait for a buyer to pick up on their ‘marketing’. The average time to sell a given property varies in many markets and right now is up to 3-12 months or more with an average around +/- 6 months. Local Real Estate Agents also charge a commission as a % of the sales price, typically 6-7% of the sales price (so $6,000-$7,000 for a $100,000 property.) Our company actually buys houses, and we do it very quickly. We make our living by taking the risk to buy the house with our own cash, repair the house
How can I stop foreclosure?
Let’s face it; if you’re asking this question, you’re faced with a really tough situation. This decision is a judgment call scenario on which only you can decide. You need to be informed before you just decide and get it over with, because once the lender has decided that they are going to foreclose, the clock is ticking and you need some saving. At this point, there are only a few options that you can take. Here are some to consider:
- You can sell your property: By far the easiest way to get out from under this weight—if you can find a buyer that is willing to take your property, in the time you have allotted, for a fair price—then you may be fine.
- File for bankruptcy: You may be able to halt the foreclosure sale immediately by filing for bankruptcy. An attorney is best to answer specifics about all of this but once you file for bankruptcy, something called an automatic stay immediately goes into effect stopping the foreclosure in its tracks.
- Apply for a loan modification: Don’t wait, but, you may delay a foreclosure by applying for a loan modification since the lender may be restricted from dual tracking. (As of January 10, 2014: Dual tracking is when the lender proceeds with the foreclosure while a loss mitigation application is pending- this is prohibited). Ultimately, if your modification application is approved, the foreclosure will be permanently stopped so long as you keep up with the modified payments. You may also be eligible for HAMP. (https://www.makinghomeaffordable.gov)
- File a Lawsuit to Stop the Foreclosure: Again you could hire an attorney that may be able to provide a legal solution. If your foreclosure is completed outside of the court system, then you may be able to delay or stop the foreclosure by filing a lawsuit against the lender to challenge the foreclosure. – This won’t work if the foreclosure is judicial because you would have already had your chance to be heard in court by the time of a foreclosure sale.
- Pay off your mortgage: Right, like you didn’t think of this one already. Well I agree it’s kind of dumb to list this as an option, as if you wouldn’t have thought about using that $200k you have stuffed under your pillow to just pay it off already! But in case you aren’t thinking clearly, or just plum forgot about your stash, it may be better for you to cash in those stocks, bonds or other financial instruments to pay off the mortgage and stop the foreclosure. You should ask your financial advisor for some guidance before jumping all over this one though.
Remember that the more you know, the more confident you’ll feel about the decision you’ll make. Keep in mind that your situation is only temporary and because we buy houses for cash, you can sell your house fast using our services which may be the fastest way to improve your situation.
Why rent-to-own a home? (AKA: lease purchase or lease option)
Because you’re unique! Just like you and your needs, each rent-to-own home scenario is unique. So we’re of the belief that there’s definitely a perfect rent-to-own house out there for you. Maybe your current credit or financial situation just won’t let you go through a traditional typical purchase right now. You have some but not all of the pieces to the puzzle… (the down payment or good income but bad credit) but don’t want to keep tossing money to your landlord every month. You want to build equity and really work toward owning a piece of the dream. When you rent-to-own a home (also called “lease purchase” or “lease option”), oftentimes a part of your monthly rental payment can be applied to the purchase price (AKA your equity) when you decide to purchase the home at the end of the agreement. Contact us and learn more about what we do to help you and your unique scenario.
Is this website suitable as legal advice for me in my situation?
NO! None of this information is suitable as personal legal advice. Although we have real world experience and can tell you about our experience and expectations, we are not qualified to provide legal advice, EVER. Please consult an attorney if that suits your needs. You may also find help at:
- http://www.palegalaid.net/ (Pennsylvania Legal Aid)
- https://portal.hud.gov/hudportal/HUD?src=/states/pennsylvania/homeownership/foreclosure (HUD.GOV)
- http://www.phfa.org/counseling/hemap.aspx (Pennsylvania Housing Finance Agency)
- http://www.benefits.va.gov/cleveland/regional-loan-center.asp (Veterans Administration)
- https://www.makinghomeaffordable.gov/steps/pages/step-2-program-hamp.aspx (the HAMP)
- http://www.burgbuyer.com/ (I hear these guys are great to work with for property sales)
Can you make an offer on my property today?
Don’t wait, contact us now 412-275-5500! Many times we can complete our offer process the same day you call.
When you say you pay cash, do you literally hand me cash?
All real estate transactions have to be recorded by either a title company or a real estate lawyer. We handle the process from the time you sign the contract to the closing date. You will have the option of picking your check up at the local title company that handled the transaction, or we can have the check couriered by a mobile notary to your home.