We buy houses first and can get you an offer to buy your nice, or ugly houses.
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1. Form to sell your house to a 1stWeBuyHouses investor.
2. How quickly can I receive no obligation offers on my house?
Within a few days of submitting our form, investors interested in your house should begin to contact you. As soon as you submit your information it is instantly forwarded to a number of investors within our independent investor network. In a matter of days, local investors could be making cash offers on your property.
Before making an actual offer many investors may prefer to look at your house to evaluate its condition and make estimates. There are a number of investors who wouldn’t need to look at the house and will instead go ahead and make an offer, subject, of course, to an estimate of repairs and inspection.
2.1 Who are the 1st We Buy Houses house buyers?
If you need to find a house buyer who is willing to make fast cash offers on your home then this is the perfect place for you. To get started just fill out and submit our form and local investors should contact you as soon as they possibly can. Upon giving us your house’s details, we will send your information straight to a number of investors who are willing to make fast offers on your house for your consideration.
If you’re an ugly house owner and want to sell you should go to our "do we buy ugly houses" page for important information on the selling process with everything from getting offers and pricing to different selling options. We will strive to provide you with all of the information that you may find helpful and essential to finding the right buyer for you.
2.2 Who will buy my house?
We buy houses, but our investors can only make you the offer, it’s your decision on which ones you plan on working with and choosing the best offer suitable to your individual needs. Our network consists of investors that can buy with cash up front, or help you find other financing options, depending on your specific situation. Investors who get these leads on properties for sale do not work with and are independent from this site, as you find you may get different offers from investors who work individually.
Our investors purchase houses throughout most of the States, but there are a few cities which they don’t cover. If you’re having trouble getting offers on your house, it may be that the investors in our network don’t cover your area.
2.3 How quickly can I sell my house?
Upon submitting your house information, investors should be contacting you to make an appointment, sometimes even for the following day, keep in mind that submitting your request on different days of the week can affect how soon you are contacted.
Most of our customers can receive a good offer within a matter of days, but your closing date will rely on a number of factors such as your individual property’s situation. If you had an investor who wants to buy your house for cash, it’s possible to close the deal within a few days, but usually takes up to a few weeks. If your property is pending foreclosure, or you have some other deadline then be sure not to spend to long waiting for the right offer, as it usually takes a minimum of a week or more to close, once you’ve accepted an offer. In the case of the investor wanting to buy your house with traditional financing then, unlike a cash deal or "subject-to existing financing" purchase, it can take around a month to close.
2.4 Do we buy houses for cash?
Yes, we buy houses for cash, but there are also many other ways we buy houses. While it’s true that the majority of homeowners prefer to sell their house for cash, it’s not always the best option. Whether you want to do a cash sale, or if you would rather pick a different financing option that would suit your situation better, is completely your decision.
If you decide that selling for cash upfront is your best option, we have a number of investors in our network who would be interested. Although a cash deal has its downsides, like not getting the full retail value of your property, it is still an option that you should seriously consider.
In some cases an investor will be willing to pay more for your house if you’re willing to take back a note against it for a designated length of time. Homeowners that do decide to go with this option should always make sure that the note is secured by the property (see our owner finance options page). You will need to work out all of these details with the investor before coming to an agreement on an offer. Keep in mind that there are many different options for you to choose from, whether you decide to do a cash deal or not.
2.5 Why wouldn’t I prefer a cash deal?
Selling your property for cash may have some effect on your taxes (capital gains tax), which you may prefer not to have added to this year as it could leave you in the red. You should take into account the equity in your house versus what you would sell it for.
A cash deal will probably not get you a higher sales offer then your other options, be sure and consider how high the demand is for your house and how much equity it has in it.
2.6 We Buy Houses by taking over payments:
What if there isn’t any equity in my house?
If you’ve only owned a house for a year or two then it usually won’t have any equity in it. When someone purchases a house their loan usually has a lot of financing and closing costs included, so even though you may have bought your house with 10% equity, there usually won’t be any leftover. If your property doesn’t have enough equity for an investor to do repairs, pay for holding and closing costs, then the majority of investor won’t want to bother buying the house.
If so then you need an investor to take over the payments or you need to short sell. Where the property is located and what the kind of loan its on are key factors in this type of deal.
Should I wait for a better deal later or sell for less now?
Although selling for cash can sometimes be preferable, it may not be the option for you. Cash deals normally mean reduced prices, but if you decided to take back a note for a period of time, you might be able to keep more equity. Be sure and to ask your investor about all of the different financing options available before choosing one. We buy houses.
2.7 What are owner finance options?
Sometimes we buy houses that are financed back temporarily by the seller. Most investors will talk to you about your different financing options, such as owner financing (taking some of the financing back). Here are the most common financing options:
If you own your house free and clear taking back a first place mortgage on the house.
Taking back a second mortgage on your equity in the house, and letting your investor take over any payments on the first one.
Taking half of the equity upfront and the other half when the investor resells the house in a few months.
If you choose any of the above options then the investor is usually investing his own cash in the house’s rehab as he increases its value.
If you go with an option that keeps equity in your property, be sure that the note on it is secure.
Its best to have an attorney prepare any notes, mortgage papers, deeds of trusts, or other important documents. If you happen to close at a title company, the attorney should bring any documents needed, and also check that your note is secured upon the agreed terms.
Choosing delayed payment.
This is for homeowners who prefer to sell their house now, but are willing to wait and receive a higher sum at a later date. There are investors who will give you more cash after rehabbing and reselling you house. In the case of you agreeing to this, it’s extremely important to secure your financial position in the house with a lien. You can have an attorney or title company help you acquire the right documents to do this. It’s very risky to attempt to this without having a attorney doing all the necessary paperwork. We buy houses.
3. Things to remember when selling a house:
Always fill out a Sellers Disclosure form:
In most states its required by law for the seller to disclose certain details about the house. A “seller’s disclosure form” is used by most Real Estate companies and associations for this purpose. If you forget to disclose any required details about the house in any of your documents then this can be used as an excuse by the buyer to get out of a contract.
It’s important to get and use a seller’s disclosure form for this purpose. Make sure to accurately fill in every single detail to the best of your knowledge, while keeping in mind that this form is to protect you from buyers breaking their contract. If you do this then your buyer won’t come back and say I didn’t know about any problems in the house, such as water leaks, damage to the foundation, etc.
It's much better to give too much information about the house then too little. When a buyer is very interested in a property then they probably won’t back away just because you disclose a few things that need repair. Obviously, if your house needs major repair then it’s a totally different issue, but these are also the details that are essential to disclose, to protect yourself. Investor buyers are experienced in this business and work with these sort of problems all the time and they usually won’t back away just because the house needs a few repairs.
Go over your contract many times and understand everything it entails.
Most sellers barely glance over the contract and sign it, this is a fact that investors are aware of and they sometimes try to take advantage of it. A smart seller will save himself a lot of hassle by reading any contracts or paperwork before signing it.
If you have read this article down this far already then you’re most likely ahead of average people who don’t read everything they should.
Although it’s understandable if you wouldn’t understand the exact wording in a contract, be sure to ask about any parts you don’t fully understand.
Choosing an investor is your decision.
All investors in both the House Buyers National Network work separately and independently. this isn’t a franchise and any investors associated or working with us come from various other companies. Our network’s purpose is give homeowners a place for getting quick offers from investors wanting to purchase their house, from the information provided in our national network.
If you’re selling your house it’s important that you decide which investors you want to do deals with. Be as familiar as possible with the selling process, your buyer, and what their offer entails.
Maybe you don’t have time to be picky and need to sell right away, but its still always worth going over your contract many times as well as getting to know the buyer and the details of his offer. In the long run you might save yourself a lot of hassle by fully understanding the fine details of your deal. Don’t be pressured by your investor buyer to sign a contract right away, it’s your house and ultimately your decision on when and to whom you sell your property to. If the buyer you’re working with makes you feel uncomfortable, then consider checking out some offers from other investors.
But don’t work with a we buy houses investor solely because he is convincing or knows exactly what to say. It’s still important to know your contract and be sure that what he is telling you is the same thing your signing. Consider the details of each individual offer, and clearly understand all the different parts. You can then decide on making a transaction that best suits you.