FAQ
Q. I'm on the verge of bankruptcy.
How fast can you buy my house?
A. It can take as little as a few days. The key here is
flexibility on the financing. It is very fast for an investor
to bring your mortgage current then take over the payments.
For a more traditional financing arrangement, it can take longer,
perhaps up to a month. We can discuss the various options when
you call us.Q. Are you real estate agents?
A. No. We are a small group of regular people who invest in
real estate. In fact, the owner Kris is a business consultant
by trade!
Q. How much will you pay for my house?
A. A real estate investor makes a living by buying and selling or
buying and renting properties. If an investor is able to put
less of his own cash into a deal, then that makes the property more
valuable to him. Some ways of doing this are simply taking
over your payments, having you hold a note for a portion of your
equity and so on. The easier it is for the investor to buy,
the more he will pay.
Q. My house is in total
disrepair, would you still buy it?
A. We buy everything from abandoned properties to brand new houses.
One of the ways we make profit is by buying run down properties then
repairing and remodeling them to resell. We will consider
anything and everything.
Q. It sounds like you just take
advantage of people in bad situations. Is this true?
A. We help people to cope with and find their way out of a
predicament. Every day honest, hard working people lose their
jobs, get divorced, become overburdened with debt and so on.
For many of these people, the only way out of their jam is to raise
cash fast. This is where the traditional real estate system fails
them because it simply takes too long to see the money. We, as
investors, have money available and can get sellers cash within
days. But if we cannot put together a winning deal for
everybody, then we will not do the deal - taking advantage of people
is not in our long term interests..
Q. How much will this cost me
in fees and commissions?
A. Nothing. Since we are not realtors there are no
commissions. When we make you an offer, this is your money to
keep...all of it.
Q. What are the steps I need to
go through to sell my house?
A. We use a system we call C.E.B.O:
Contact - we have an initial telephone
conversation
Evaluation - we meet together to evaluate your
situation
Brainstorm - together we identify some win/win
options
Offer - we make you a no obligation offer
Q. How does one of your typical
house buys work?
A. Typically, the owner needs to sell a house fast; this may be due
to money problems, divorce, job transfer, etc. Many of the
houses we see are either vacant or in bad shape. We negotiate
a deal with the seller which often involves non traditional
financing arrangements such as taking over the seller's existing
financing, purchase options, lease to own agreements and so on.
Once we've purchased the house we then repair/remodel it and either
resell it or refit it as a rental.
Q. Do you buy houses in
Toronto?
A. No. We are a local company based in Paris, Ontario and buy
houses only in the Paris/Brantford/St. George/Brant areas.
Q. What's the worst that could
happen?
A. We make you an offer that you are not satisfied with and you
reject it. No harm done!
Q. Why wouldn't I just sell my
house privately?
A. If you are not in a rush to sell your property, you should sell
it privately, or through a realtor if you are not comfortable
selling it yourself. Our customers come to
us because they know we can buy immediately and get them cash within
days.
Q. Who are your typical
sellers?
A. You've lost your job and can't afford the mortgage payments
anymore. You've just been through a divorce and can't support
a house on a single income. You've inherited a property and
want it sold immediately so you can get your cash. You've
owned a rental property for years and are tired of dealing with
leaky pipes, demanding tenants and bounced cheques. These are
some of our typical sellers.
Q. Do you pay a referral fee if
I find you a property?
A. Certainly. Most of the houses we buy originate from
referrals so these are extremely important to us. We will pay
$300 - $500 as a referral fee for properties referred to us - please
contact us for details.
Q. I like what you're doing.
Could I join your group?
A. Give us
a call.
We are always looking for motivated
sellers,
but also new or experienced
investors.
Additionally, we could not operate
without a reliable network of quality
tradespeople, contractors and handymen,
since many of the
properties we buy need substantial renovations.
Q. Where can I get more
information
A. Just give us a call and we can answer any other questions you
have. Let's talk!
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