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: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We are interested in houses in Rochester that meet our purchasing criteria. From there we may do repairs and resell it to another person or keep it as a rental ourselves.
Q: How much do you pay for homes?
A: Every situation is different, we make a profit by buying, selling, and increasing the value through renovations. Some homes may not need much work, but depending on the seller’s situation we can work together to get close to a desired sale price. We close very quickly (no waiting for financing), and no time, effort, or expense is required on your part to fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your home sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
Commonly Used Terms:
Q: How do you determine the price to offer?
A: Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the values of comparable houses sold in the area recently. We’ll give a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
This is what makes us stand out from the traditional method: There are NO fees or commissions when you sell to us. We’ll make you an offer, and if it’s a fit then we’ll buy your home (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking the risks here on whether we can sell it for a profit or not, once we buy the property from you… the responsibility is ours and you walk away without the burden of the home and its payments… and often with cash in your hand).
Q: How are you different from a real estate agent?
We don’t list houses. Since we’re actually the one buying from you, and we pay with all cash… we can make a decision to purchase within a couple of days (sometimes the same day). Again, we make our living by taking a risk to buy with our own cash, make repairs, and market it ourselves to find a buyer (which is the hard part in this market). Compare an agent with our services here, https://www.brettbuysrochouses.com/compare/
Listing vs. Selling To Us
Which route is quicker? Puts more cash in your pocket? Has less hassle?
Click the link to compare working with a home buyer like myself, or listing traditionally with an agent!
Facing Foreclosure, or Going to Auction? You should know your options!!
Q: What is a short sale, and what are the “pros” and “cons”?
A: Short sales are one way for a homeowner to avoid foreclosure, it provides an opportunity for a homeowner to avoid foreclosure, minimizing damages, and allowing the homeowner to remove themselves from a burdensome mortgage they can no longer afford. A short sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property. In this case, if all lien holders agree to accept less than the amount owed on the debt, a sale of the property can be accomplished. A homeowner will have been issued a Lis Pendens, also known as a notice of pendency, “lis pendens” is Latin for “suit pending.” In judicial foreclosures, this is a “notice to the world” of a foreclosure action. It is filed with the county clerk. A Lis Pendens is an issue when homeowners have been falling behind on payments and can no longer afford the property, due to some type of hardship.
Brett breaks down the difference to hit the easy button to work with us, or selling through an Agent on the MLS.
How to Stop a Foreclosure, Why you would want to stop a foreclosure and What are the requirements?
- The property must be in pre-foreclosure.
- A homeowner must be issued what is known as a Lis Pendens, also known as a notice of pendency, “lis pendens” is Latin for “suit pending.” In judicial foreclosures, this is a “notice to the world” of a foreclosure action. It is filed with the county clerk. If you or someone you know received such a letter from your bank, there is a possibility that if you don’t come to terms with your bank, you will lose your home
- Must be listed by a realtor
- Must have a purchase offer
- Has to be an “Arms Length Transaction”
Allows the market to ensure that both parties in the deal are acting in their own self-interest and are not subject to any pressure or duress from the other party. It also assures third parties that there is no collusion between the buyer and seller.
Homeowner Benefits:
- No upfront or out-of-pocket costs
- Realtor and Attorney fees paid by the bank
- Junior lien holders discharged
- No deficiency judgment or promissory note
- Shown as “Paid as Agreed” on a credit report
- No mortgage payment is required during this process
- Possible relocation incentive up to $10,000 if primary residence.
Stop a tax/bank auction!! Get help today!!
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Check out all our customer testimonials!!!
Click here, for all the smiles. Thank you so much for taking the time to say hello on the site, please reach out when the timing is right!
-Brett Iwanowicz