Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Q: How do you determine how much to pay for my house?
A: I would look at similar properties (size, style, the number of bedrooms and bathrooms, condition, etc.) within the neighborhood or within a 1-mile radius that was sold or still available on the market to determine your house’s value.
Q: Are you a real estate agent?
A: I’m not a real estate agent. My plan is not to list your house. I simply would like to personally make an offer and buy your house or property and close quickly.
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself.
Q: Why should I choose you over any other investor?
A: I’m reliable and have a great track record. I understand that this is a sensitive and serious process and would never waste your time. Whenever I make a promise, you can rest assured that I will keep it. This enables you to proceed with other aspects of your life knowing that I will honor my end of the agreement. Due to my years of working with my father and having a loyal and reasonable group of subcontractors, I can also keep my costs down and thus could pay more for your house compared to many other investors.
Q: How do I know you can be trusted?
A: First of all, if you contact an attorney, he could easily determine my trustworthiness. Second, we would use an escrow company of your choosing to close the transaction. Escrow companies do not favor any party. They work based on what is instructed and it is their job to ensure the transaction goes smoothly. Third, you are more than welcome to visit me at my office in Renton. Finally, I still keep in contact with some of the sellers who had sold their houses to me; you could contact them and talk to them to see what kind of person I am.
Q: In what areas do you buy houses?
A: I typically buy houses in King, Snohomish, or Pierce Counties as I like to buy houses within an hour’s drive. However, on many occasions, I have bought houses that were in Thurston County or even farther away. Give me a call and let me know what you have. I might be able to buy it.
Q: Can I use an attorney to oversee the transaction?
A: I would encourage you to contact an attorney to make sure your interests are being looked after and that you are comfortable and confident in the transaction.
Q: How soon can you close?
A: The typical closing time would be 2 to 4 weeks after mutual agreement. However, I can close as soon as 1 week or delay the closing to a later date. It all depends on your needs.
Q: Where do we conduct the closing?
A: Upon mutual agreement, we can use an escrow company of your choice to make sure the transaction is carried out in a safe and professional manner. There are several nationwide escrow companies that we could use including Fidelity, Transnation, or First American Title and Escrow.0
Q: When will I receive my money?
A: Since we will be using an escrow company for the transaction, you would work with them directly to determine how to receive your money. Typically escrow would release the proceeds to you upon the recording of the documents at the Recorder’s Office.
Q: My house goes into auction within a few days, are you still able to buy?
A: Through the assistance of my attorney, I had been able to stop or postpone foreclosure auctions even just a day before the scheduled auction date. So please contact me immediately to see if there is something I could do to help.
Q: My house is in foreclosure and I’m completely upside down. Can you buy my house?
A: I actually specialize in buying properties with negative equity and take great pride in being able to help sellers out of such a difficult situation. I work with a reputable and proven negotiator to negotiate with lenders on these types of properties. I have bought over 20 of these so-called “short sale” properties just last year.
Q: My house is a tear-down. Can you still buy it?
A: I have bought houses that needed to be torn down before. Nothing scares me. So I shouldn’t have any problem buying yours.
Q: My tenants haven’t paid me in months and are not cooperative. They won’t allow anyone to enter the property. Can you still buy it without seeing the inside?
A: If for some reasons I truly cannot enter the property, I still might be able to buy it. However, in order to get you a higher price, it would be best for me to see the inside to determine the house’s true condition. In these cases, you could legally gain entry to your property with proper notice and the help of an attorney. I can make such an arrangement for you.
Q: Do you buy townhouses and/or condos?
A: Yes I can. ☺
Q: Do you buy houses with septic systems?
A: I have bought several houses that were on septic. One even required over $20,000 to fix, but that didn’t stop me from buying the house.
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