How much can you offer me for my house?
Depending on your situation, the amount of repairs the home needs, and condition of the home, we will make you an offer that meets your approval. If your home is in PERFECT condition, we can offer more than what you would NET if you sold your home with a Realtor.
The following scenario may help you understand all the true costs involved in selling a home:
For instance, let’s say a property is worth $100,000 in excellent condition.
- Per the national average, most people only offer 92-95% of the seller’s asking price.
- You may be fortunate enough to get an offer within three months. So, you need to factor in “holding time”.
- Factor in another 30-45 days worth of mortgage payments you have to make until you close(IF all goes well).
- Add in the five mortgage payments you’ve probably made since putting the property on the market.
- Add a typical 5-6% real estate commission
- Add in a standard 4% in closing costs (Attorney fees, property transfer tax etc..)
- Add in any paint/repairs needed to get the property in selling shape and your time
- Add in the cost to repair minor things that a Home Inspector would find before the closing.
Now, you have a realistic picture of the costs involved with selling your home. It is just the cost of doing business.
If you take over my existing house payments, then how can I qualify for a new mortgage on my next home?
We can immediately take over your house payments to relieve you of the debt. This is one of our most popular programs. We can provide your new lender with a contract showing that our organization is responsible for 100% of your debt on the existing mortgage payment. This will free up your debt to income ratio and enable you to qualify for a new home! Find out if your home qualifies for this special program.