Frequently Asked Questions
If you have additional questions please visit our Contact Us page
Are You All Realtors, or What?
We are actually classified as real estate services; we are NOT realtors, brokers, or agents. We have a unique business model that allows us to help our clients, but NOT charge any commissions or fees.
Why Should I Do Business With Your Company Instead of a Realtor?
Our focus is creating a customized solution for your situation. Yes, we have to make money to stay in business, but unlike a realtor who is usually focused only on his or her commission, we want to find a win/win resolution to your problem that benefits all parties involved.
If The Numbers Work, How Quickly Can We Close?
For buying houses, we have closed on deals as quickly as 24 hours. This is unusual, though. We usually need 7-10 days to run a title search, prepare the paperwork, and get on the schedule at the local title company. For selling one of our houses, we can close as soon as you have your application submitted and down payment ready.
How Does Your Financing Work?
We offer lease option, rent to own, and owner financing where you can buy the home without having to qualify at a bank. A reasonable down payment is required, but the “red tape” is minimal and we can usually have you in a house within a week!
How Much Down Payment Do I Need?
We are very flexible with down payment. We can offer you many options, and we will always do our best to work with whatever funds you have available. You can even start out on a lease purchase and then move to owner financing at a later date when you have the additional money. Keep in mind that “cash is king”, but we have the ability to do credit cards, valuable assets (e.g., newer paid off vehicles), stock/bonds, 401K funds, borrowed funds, etc. Our programs are known for creativity to get you into a home!
Do You Offer Down Payment Assistance Programs?
Yes we do. A lot of times if you are a bit short on down payment we can set up a monthly payment plan spread out over 6-12 months. A majority of the down payment is required, though, up front.
What Other Methods Of Down Payment Are Accepted?
Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment you can use that in our program. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. We also accept titles on newer, paid off vehicles; stock/bonds, credit cards, other valuable assets.
How Does Your Lease Purchase Program Work?
We can lease you the home with the exclusive right to purchase it at a later date. Our buyers love it because it gives them time to save up for a larger down payment; time to clean up past credit problems, time to sell another home, and also time to try out the neighborhood before buying. We are obligated to sell to you, however you are not obligated to buy. 100% of your option fee / down payment is credited towards the purchase price of the home, plus you may receive a rent credit (depending on the house) of the monthly payment towards the purchase price every month you pay your lease on time.
What Is The Interest Rate On Your Owner Financing?
We are flexible with our terms to meet your needs. Typical interest rates range from 7.9% to 9.95% depending on down payment and application. All credit is accepted and applications are necessary to verify income and employment.