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This is acheck for the agreed amount.
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Pros
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Cons
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Fastest route to mortgage relief
Cash at closing
Rebuild your credit
Almost zero closing costs
You don?t have to worry with needed repairs
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From our perspective, there are none |
Creative Financing:
There are ways too numerous to list here to sell a home. Every situation and every reason for a sale is unique. If you and one of the affiliates of NYHomeSolutions.com come up with a creative way to sell a home, let us know so we can share it with others.
Conventional Financing:
When a seller needs to sell quickly, this is the most costly and cumbersome approach. With interest rates at historic lows, mortgage processing time is taking months in some cases to close.
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Pros
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Cons
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Mortgage relief in months
Cash at closing
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Will purchaser qualify?
HIGH closing costs
Could take months to close
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Frequently Asked Questions
Click on a frequently-asked question below to view its answer. If you still have additional questions, please feel free to email us at info@barqua.com
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How does this process work?
It's simple. You fill out the home information form, which electronically routes your data to the local homebuyer for your area. They will contact you to discuss the property. If there is a potential win/win situation, we will make you an offer. At that point, you can either accept or reject the offer. The worst that can happen is that you take two minutes of your time exploring the opportunity.
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Do you pay fair market value? Do you use an appraisal? How do you determine the price you're willing to pay?
Considerations include the condition of the property, amount of repairs the home needs and time requirements of the situation. The following scenario may help you understand all the true costs involved in the standard process:
Fair market value is the gross revenue term. For instance, let's say a property is 'worth' $100,000. The national average for percentage of 'worth' offered is 92-95%. You may be fortunate enough to get an offer within three months. Add in another 30-45 days to close if all goes well, and you've made an additional five mortgage payments since putting the property on the market. Add a typical 7% real estate commission, a standard 3% in closing costs, and any paint/repairs needed to get the property in selling shape, and you have a realistic picture of the standard home-sale process.
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I have a realtor - is that a problem?
Normally, the numbers will not work for our homebuyers if a realtor is involved. Our advice would be to go ahead and give us your home information and wait contact your Realtor. Ask your Realtor what happens if you, the owner, find your own buyer - will all commission be waived?
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You should be able to negotiate a waived or significantly reduced fee. It's beneficial to get the ball rolling by exploring what NY Home Solutions can offer.
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Do you only buy houses? What about condos, townhouses...?
We buy houses, condominiums, townhouses, duplexes, triplexes, office buildings, beach property, land, farms, lots, apartment buildings and/or any structure that has a deeded lot with it.
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Do you buy mobile homes?
Yes, if it has deeded land attached.
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How much do you charge?
There is no fee for our service. Unless you want to tip us!
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If I contact you, am I obligated to anything?
There is no obligation whatsoever. The only time you would be obligated to anything is if you enter into a contract with one of our buyers, just as with any normal real estate transaction.
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