This is a typical question I get asked when talking with someone about buying their house. Let me share with you the process we have in place when making competitive offers on houses and committing to a quick close. I’ll walk you through how we helped a recent customer in Gaston County NC get a fair cash offer.
Last month we got the call from Nancy about her vacant house in Gastonia. She was tired, frustrated, and ready to sell the house that she had been renting to her son and his friends. She was quick to tell me the house needed work and she wanted to sell it as is. Over the years Nancy had spent money on the bathroom, flooring and even replaced the kitchen cabinets. Now the home required additional work in order to get it livable again. Arranging transportation back and forth to the property was a problem for her. And she had spent all her available funds on the house a few years ago with no return on her investment. It was time to get the cash out of the house and stop worrying about having a house 30 minutes away sit empty. She wanted to know how much she could get for the house. I explained I needed to see the property before I could give her a fair cash price. As an investor I can look up potential resell values for her Gastonia housing market but in order to give my best possible price I wanted to evaluate the condition of the home. It is not our intent to low ball sellers hoping they say yes. When we make offers over the phone you can expect a ball park cash price based on worst case scenarios. Being a local home buyer gives us the competitive advantage of getting out on site and meeting with property owners to better understand the situation and condition of each house.
Nancy arranged to have a family member meet me at the property so I could determine the type of repairs she was referring to. I took pictures and notes on the repairs that I observed were necessary to restore the home and make ready for resell. It was time to replace the roof and the home needed central heat and air. The cosmetic repairs were typical for a home that had been rented and lived in.
The next step involved me understanding if the personal possessions were going to be removed from the home. And if so, how soon would the owners be able to pick them up. She had asked for a quick close and in North Carolina we can close in as little as 7 days. I wanted to understand her timeline for closing. Cleaning the home wasn’t necessary. And she wasn’t required to get the bulky furniture out of the house.
Nancy had called me on a Saturday morning. I went to see that house that afternoon. And by Saturday evening we were discussing a closing date after she had accepted my cash offer. Because I had come to understand the challenges she faced, I would arrange to have a notary come to her house for the closing. I explained how the real estate attorney would prepare the closing documents that were required, and I would bring them to her on the closing day for signing. There was no need to drive to the attorney’s office. After she signed the closing papers, I took them back to the attorney’s office so they could be recorded at the courthouse. Her cash was wired to her that same day. There were no additional fees to pay. Our cash offer covered the attorney’s fees, closing costs and the mobile notary.
JMS Home Buyers provides a quick solution to property owners who are ready to sell and want a hassle-free solution to getting cash for the house. We will make a fair cash offer based on the condition of the home. JMS Home Buyers and our investors buy homes that we can repair, restore and resell. In today’s housing market property owners want to know how much we will give them for their house today. And no one wants hidden fees. There are no hidden fees. Our team is ready to listen and respond to your questions about how to sell quickly and at a fair price.
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