The process is directly related to the time spent reviewing and agreeing to the terms of the offer, negotiating the final details and selecting the closing date. We estimate that the process will take less than 30 days and even quicker if needed.
There is no transition. The same day that you sell your house you will become a renter. The transition from homeowner to tenant is automatic, and you will never be required to leave your home.
If you are represented by a real estate agent, the law requires we communicate the offer directly to that agent. The fees required to pay your realtor’s commission will be deducted from your proceeds at closing. Once you reach out to us, please make sure you communicate that you are currently working with an agent
Depends on the investor, but it is customary to have contracts of a minimum of one year. Longer contracts can be negotiated.
Every deal is different, however, the typical closing costs to be paid by you will consist of 6% in real estate commissions, 1%-2% in closing costs, and a depending on the investor requirements, between 1-3 months of rent and/or security deposit. These costs will be deducted from the sales proceeds at closing. All percentages quoted are based on the sales price.
Once the evaluation process is complete you will receive an offer via e-mail. We expect this process will take 5 days after all information has been received.
Most investor offers are good for 30 days. Our intent is to make your transition as quick, seamless and enjoyable as possible.
Our investors will coordinate a mutually convenient time and date with you to conduct their inspection. This is required to properly determine the condition of the property and if any repairs are required.
Based on the results of the inspection report the buyer may need to adjust the offer price or ask for repair credits at closing.
The landlord will become responsible for these expenses.
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