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Frequently Asked Questions
If you have a specific question that isn't mentioned here, drop us a line or call us.
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What if I’m already working with a realtor?That’s totally ok. Have your realtor get in touch with us and we will make you an offer. We will even pay your realtor commission.
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Is my information kept confidential?Yes, 100%! Your privacy is very important to us. Any information you provide to us will be kept completely confidential.
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Are you real estate agents?No, we are not agents. We are pre-qualified cash home buyers that help sellers like you find the best way out of a real estate problem. There is never a charge or commission when you work with us. If we determine that listing your home is the best solution to your problem, we have a network of licensed agents who can help you plan your listing strategy and put your home on the MLS.
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Where is Unwanted Property Buyer currently buying homes?We are currently buying properties all throughout Queens, NY and will be expanding our services areas soon.
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Are there any types of homes that you won’t purchase?We will consider any type of property that is for sale as long as the seller has free and clear ownership. Many of the houses we purchase are below market value and we are looking for a fair discount on the property so we can resell it at a profit to another investor, new home owner or rent it out.
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What types of properties does Unwanted Property Buyer purchase?We buy single/multifamily houses, townhouses, condos, duplexes, multi-tenant buildings, and even some commercial properties from owners looking to sell quickly for a cash buyout. Often times the properties we purchase are distressed properties from owners in desperate circumstances and require lots of repairs.
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How does selling to you compare to selling traditionally?When selling traditionally there can be many inconveniences such as: getting the property “show ready, which means cleaning up, staging and making certain repairs. Buyers are expecting a house to be in good shape and move in ready with little work if they are to pay top dollar. Multiple showings with strangers, which can be very disruptive to your everyday life. Finding the right agent can be time consuming – who do you trust and how do you know they can get the job done; this vetting process can take months! There is a lot of back and forth, piles of paperwork, appraisals, buyer contingencies and uncertainty not knowing if the buyer will be approved. Don't forget the expensive closing costs and commissions. Generally, we provide a much better way that is hassle-free! Selling to Unwanted Property Buyer allows you to bypass the repairs, the showings and uncertainty. It also saves you money with an expedited the process.
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Is there any obligation when I submit my info?There is no obligation what so ever. Once you tell us about your property, we’ll look things over and call you to find out a little more information and make you a cash offer that is fair and mutually beneficial. After that, it’s up to you if you want to sell your house to us. There is no hard sell and no harassment with us because we’re here to solve a problem not convince you; you decide what’s best for you and your circumstance.
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Do I have to be facing a dire situation in order to sell a house to cash buyer?Not necessarily. We've bought houses from people that simply didn't want to deal with the hassle of selling the conventional way. The traditional way of selling your house, whether it be yourself or through a real estate agent isn't always a good fit if your property requires a lot of repairs. It may also not be a good fit for people who have busy schedules and don't like the idea of having to show their homes to dozens or even hundreds of strangers, or dealing with accepting offers with contingencies, hoping it all works out.
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How is the offer price for my home determined?The process is very simple and straightforward. First, we look at where your property is located. Then we assess the current as-is value based on the current condition of the home and what repairs are needed. We then compare the property to other similar properties in your immediate area and their values/purchase prices etc. Overall, we evaluate various pieces of information to come up with a competitive and fair price that works for you and us as well.
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Is your offer negotiable?We are always willing to negotiate and always give you the highest possible offer to achieve a win, win solution. Understand that we put a lot of effort into doing very thorough due diligence when coming up with an offer. Our offer considers your property's current condition and its current market value. A cash offer seem less at first but consider the fact that you are not paying tons of fees and commissions with a traditional sale that eat away at your net proceeds.
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Are there any fees or commissions to work with you?There are no fees or commissions.
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How do I accept an offer?You officially accept our offer by signing the purchase agreement. Once you (and any other sellers) sign the agreement, we are officially under contract.
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How do I sign the purchase agreement?We make it easy to sign your documents online using an electronic signature provider, DocuSign.
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Is the walkthrough required?Yes. The purpose the walkthrough is to verify the specifications of your home, its condition, and identify repairs that will need to be addressed prior to close.
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How does the final walk through work?Once we've done our online evaluation of the property, we provide your initial offer over the phone. Then we schedule a time to take a closer look at the property together
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Who will be conducting the walk through?An Unwanted Property Buyer Purchase Manager will perform the walkthrough accompanied with a licensed property inspector. If specialists are needed, we will partner with licensed contractors to provide additional insight and expertise and work with you to coordinate the scheduling of all property evaluations.
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What areas of my house will be evaluated?The entire property will be evaluated and we will need full access. Before your walkthrough is scheduled, we will provide you with a guide that will help you prepare and give an overview of the process.
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How quickly can I close?Most traditional closings take place 60 to 90 days after the contract is signed. Every deal is different, but there are certain steps that need to happen before the deal is final. We’ll buy it AS-IS and if you need to get something done quickly, we can close in as little as 3 weeks because we buy houses with cash and don’t have to rely on traditional bank financing.
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I need a specific closing date to work with the purchase of my new home.We can close on your timeline.
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What company do you use for title and closing services?We work with a few different local title companies and we select them based on their strengths in dealing with certain deals over others.
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Can I change my closing date once I am under contract?The closing date in the Contract is a target date when the parties would like to close. This is just a target date. The actual closing date will be the most convenient for the parties who will conduct the closing.
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Can I stay in my home after it closes?We hope to relieve much of the stress associated with selling and moving so we often agree to give the sellers a week to 10 days after closing to vacate the property completely. When that isn't possible, we can compromise and negotiate your move-out date. The contract terms will determine when you can move out after closing. In some cases, move-out will be immediately after the closing appointment. In other situations, sellers may request 30, 45 or even 60 days of occupancy after the closing of the home.
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How does my mortgage get paid off?If there is a mortgage on the property, it must be paid in full at the closing. When we make an offer it needs to cover your mortgage balance or you will have to cover the difference at closing. When analyzing an opportunity we make sure it makes sense for all parties involved. In certain situations, the house may be worth less than what's owed on the mortgage (this can be due to condition of the property). If so, we may look into a short sale. Depending on the circumstances this may be a viable way out to avoid a foreclosure.
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When do we sign the closing documents?All closing documents are signed at the scheduled closing date and location.
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Can I choose a specific closing date to work with the purchase of my new home?We can close on your timeline. One of the main advantages when working with Unwanted Property Buyer is that we work with you. Whatever your situation, we will be there will you every step of the way until you are ready to sell. Simply select the closest date to your best guess. We will send you an addendum to adjust the closing date when you’ve got your final closing date determined.
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