Selling Your Home Yourself
FAQ

Could Creative Financing Be Another Way to Sell Your Property?

Selling a home on your own can give you more control over the process, but it can also come with challenges. If you are having trouble finding the right buyer, dealing with repairs, or simply want to explore another option, selling directly to an investor may be worth considering.

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Selling Your Home Yourself? Here Are Some Questions You May Have.

If you are selling your property without a real estate agent, you may be wondering whether working directly with an investor is right for you.

Here are some of the questions homeowners often ask when considering selling their property directly to an investor.

01 Why should I sell my house to you instead of continuing to sell it myself?

Selling a home yourself gives you control over the process, but it also means you are responsible for finding buyers, answering questions, scheduling showings, negotiating offers, and navigating the transaction.

If you have been trying to sell your property and have not found the right buyer, selling directly to an investor may give you another option.

Instead of waiting for a traditional buyer to qualify for a mortgage, we may be able to explore different ways to structure a purchase based on your property's condition and your specific situation.

The goal is to give you another option.

You may not have to keep waiting indefinitely for the perfect buyer if there is another way to structure a transaction that works for both sides.

02 If I sell directly to you, will I still get a fair price for my property?

A fair price depends on the property's market value, condition, location, repairs needed, existing financing, liens, closing costs, and the terms of the transaction.

As an investor, we have to consider the costs and risks involved in purchasing and owning a property. That may include repairs, financing costs, insurance, taxes, holding costs, and other expenses.

However, the purchase price is not always the only factor that determines whether a deal is financially attractive to you.

LOOK AT THE ENTIRE DEAL
Purchase Price + Down Payment + Interest + Payment Terms + Closing Costs = Overall Deal

Depending on your circumstances, creative financing may allow the parties to negotiate terms that could change the overall economics of the transaction.

03 Can you buy my house even if I still have a mortgage on it?

Potentially, yes. Having an existing mortgage does not automatically prevent you from selling your property.

Depending on your mortgage balance, interest rate, equity, and loan terms, we may be able to explore different ways to structure the transaction.

In some situations, the existing loan may be paid off at closing. In other circumstances, a creative financing strategy may be considered.

Important: Any transaction involving an existing mortgage should be carefully reviewed. Mortgage documents may contain provisions such as a due-on-sale clause, and sellers should understand their obligations and potential risks before entering into a transaction.
04 What if I need to sell quickly because I am moving, relocating, or dealing with a personal situation?

If you need to sell quickly, waiting for the perfect traditional buyer may not always fit your timeline.

Depending on the property and your circumstances, we may be able to move through the evaluation and closing process faster than a traditional sale that depends on a buyer obtaining conventional financing.

We understand that homeowners may be selling because of a job relocation, divorce, inherited property, financial hardship, an upcoming move, or another major life transition.

Your timeline matters.

Our goal is to understand your situation and see whether we can structure a transaction that helps you move forward within the timeframe you need.

05 Can you buy my house in its current condition, or do I need to make repairs before selling it to you?

Depending on the property, we may be able to purchase the home in its current condition.

That means you may not have to spend months making expensive repairs, updating the kitchen, replacing flooring, painting every room, or preparing the house for multiple showings.

We evaluate the property based on its current condition and the work that may be needed.

01 No Major Renovation

Depending on the property, you may not need to complete major repairs before selling.

02 Sell As-Is

We may be able to evaluate the property in its current condition.

03 Save Time

Avoid spending months preparing the property for the traditional market.

06 If I sell to you, do I have to pay a real estate agent's commission?

If you are selling your property directly to us without using a real estate agent to represent you, you may not have to pay a traditional listing commission.

However, selling a property still involves other potential costs, such as title services, recording fees, taxes, attorney fees, lender requirements, or other closing expenses.

The specific costs depend on the transaction and should be clearly explained before you agree to the sale.

Know your numbers before you sell.

We encourage you to understand all of the costs associated with your transaction so you can compare your options and make an informed decision.

07 Can you use creative financing to buy my house if I don't want to accept a traditional cash offer?

Potentially, yes. A traditional cash sale is not the only way a real estate transaction can be structured.

Depending on your property and financial circumstances, we may be able to explore strategies such as seller financing, installment arrangements, subject-to transactions, or other mutually agreed-upon structures.

The right strategy depends on your goals, mortgage, equity, liens, property value, and the specific circumstances of the transaction.

Important: Creative financing strategies involve risks and legal and financial considerations. All parties should understand the terms and consult appropriate professionals before entering into a transaction.
08 What if I have a low-interest mortgage that I don't want to lose?

If you have a low-interest mortgage, you may be concerned about replacing it with a new loan at a potentially higher interest rate.

Depending on the circumstances, a creative financing strategy may be one option to explore.

For example, a subject-to transaction may involve the buyer acquiring the property while the existing mortgage remains in place and the buyer makes the existing payments.

Know the risks: A subject-to transaction can involve significant risks, including potential due-on-sale provisions and continued liability for the original borrower. Sellers should fully understand the risks before considering this strategy.
09 Can I receive some cash at closing and finance the rest of the purchase price?

Depending on the circumstances, there may be ways to structure a transaction where you receive a down payment or cash at closing and finance the remaining balance.

This is sometimes referred to as seller financing. Instead of receiving the entire purchase price at closing, you may receive payments over an agreed-upon period.

This could potentially provide two benefits.

You may receive cash to help with your immediate transition while potentially creating an ongoing stream of income from the remaining balance.

However, seller financing also involves risk because you may not receive all of your money immediately and the buyer must continue making the agreed-upon payments. The transaction should be properly documented and reviewed by qualified professionals.

10 How does selling my house to you help me while also helping families looking for affordable housing?

Our goal is bigger than simply buying another property. We want to use real estate investment to help create more affordable housing opportunities for families who are struggling to find a safe and affordable place to live.

By selling your property to us, you may be able to move forward with your own plans while helping us put the property to productive use in the community.

Depending on the property, we may renovate it, improve it, hold it as a rental, or use another strategy that helps make the property available to families who need affordable housing.

Your decision to sell could help make a difference in the community.

You may be able to sell your property and move forward with your own transition while helping us work toward creating more affordable housing opportunities for struggling families.