Frequently Asked Questions
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Q. What types of property do you purchase?
“]A. We purchase all types of homes in any condition and all price ranges. We also purchase multi-family investment property and land too.[/spoiler] [spoiler title=”
Q. How do I go about getting an offer on my house?
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A. Complete the online form and one of our team members will be in touch with you via phone to talk further.[/spoiler] [spoiler title=”
Q. Will I be charged any fees?
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A. No, by working with us you will not have any real estate commissions or fees.
Most Sellers don’t realize how much it will cost them to sell their house. Not only are there costly real estate commissions but there are also closing fees and possible repairs costs that a Buyer may ask you to do. Not to mention the fact that you have to continue making the mortgage payment, paying taxes, insurance, utilities, water garbage, maintenance, home owners dues, etc. all while waiting to sell.[/spoiler]
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Q. Do you handle the paperwork?
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A. Yes, we take care of the paperwork and close through a title/escrow company.[/spoiler] [spoiler title=”
Q. Will you be offering me below market value for my house?
“]A. We are a company that purchases several homes a month; therefore, we can offer you a fair and reasonable price for your home.[/spoiler] [spoiler title=”
Q. When would I have to move?
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A. We close based on your timeline…whether you want a week or 3 months to move, it’s up to you. Unlike most buyers, we don’t have to sell another house or get a loan or close on a certain day.[/spoiler] [spoiler title=”
Q. Are you a real estate agency?
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A. No, we are not looking to list your home. We are looking to buy your home.[/spoiler] [spoiler title=”
Q. Do I have to do open houses or show my home to potential buyers?
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A. By working with us you eliminate the need for open houses, countless showings, the uncertainty of long drawn out escrows and best of all we don’t charge a real estate commission!![/spoiler] [spoiler title=”
Q. My house needs some repairs, is that going to be a problem?
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A. Not at all. We will purchase the property in its current “as is” condition so you won’t have to do any repairs or spend any money on repairs in order to sell your home.
You can even leave any unwanted items behind. We strive to make your move as easy as possible.[/spoiler]
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Q. My house is in excellent condition, would you be able to purchase my home at the current market value?
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A. Yes, and there are some cases where we can pay more than what your house is worth when it’s in excellent condition so it’s worth giving us a call first before listing with a realtor. Think about all the hassles you would avoid by working with us versus a realtor…no open houses, no last minute showings, no long drawn out escrows in hopes the Buyer can get a loan, no waiting month after month to sell, no pleasing a picky buyer that wants you to do repairs, etc. etc. And best of all we don’t charge a real estate commission!![/spoiler] [spoiler title=”
Q. I have equity in my home, how can I turn that into income without renting out my house?
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A. If you want to sell your house then we can provide you your equity in the form of regular income for a timeframe you specify. And in most cases we can offer you top dollar for your home as well.[/spoiler] [spoiler title=”
Q. The last Buyer I had for my house couldn’t qualify for a loan and the purchase fell through, how are you going to be different?
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A. We use private funds so there aren’t any long drawn out bank approvals.[/spoiler] [spoiler title=”
Q. Can you pay me MORE than my house is worth?
“]A. Yes! There are some situations where we can pay you more than your house is worth! For instance, if your home is in excellent condition or if you have equity in your home; therefore, it’s worth giving us a call first before listing with a realtor.[/spoiler] [spoiler title=”
Q. I don’t want to wait 45-60 days (or more) to sell my house, can you purchase my house quicker than that?
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A. Yes! This is one of the advantages of working with us. The closing and move date is totally up to you…whether you want a week or 3 months, we will accommodate.[/spoiler] [spoiler title=”
Q. The current selling price of my home will not cover what I owe on my mortgage, can you still buy my house?
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A. Yes. We buy homes with little to no equity on a regular basis and the best part is we don’t charge any commissions or fees. Contact us so we can go over your options.[/spoiler] [spoiler title=”
Q. I’m behind on my mortgage payments but I have some equity in my home, can you help me with my payments?
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A. Yes and there are times when we can make up the back mortgage payments for you (this helps your credit) and still provide you money at the time of closing.[/spoiler] [spoiler title=”
Q. I’m behind on my mortgage payments and owe more than my house is worth, can you help?
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A. Yes. If you’re behind on your mortgage payments and owe more than your home is worth then we would work with you and your bank to do a Short Sale.
We have a dedicated team that does our short sales and that’s all they do so they know the short sale process inside and out. Therefore, we have a higher success rate getting approvals than someone who received a “short sale certificate” by taking a one day class. Bottom line, in-depth experience with short sales is how you get approvals and that’s what our team has.[/spoiler]
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Q. I’m not behind on my mortgage payments but I owe close to (or more than) what my home is worth, can you still work with me?
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A. Yes. We buy homes with little to no equity on a regular basis and the best part is we don’t charge any commissions or fees. Contact us so we can go over your options.[/spoiler] [spoiler title=”
Q. Others have tried to do a short sale on my house but it didn’t work, how are you different?
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A. We have a dedicated team that does our short sales and that’s all they do so they know the short sale process inside and out. Therefore, we have a higher success rate than someone who received a “short sale certificate” by taking a one day class. Bottom line, in-depth experience with short sales is how you get approvals and that’s what our team has.[/spoiler] [spoiler title=”
Q. I have no equity in my home and I don’t have money for a realtor’s commission?
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A. We would be the perfect solution for you. We buy homes with little to no equity on a regular basis and the best part is we don’t charge you any commissions or fees.
If you sell your house to someone other than us, you would have to come out of pocket for real estate commissions, closing costs, repairs, etc. etc.[/spoiler]
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Q. Is a short sale better for my credit than a foreclosure?
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A. Yes. If your bank approves the short sale and a we purchase your house then you will not have a foreclosure on your record. But keep in mind that getting a short sale approved takes knowledge and experience.
We have a dedicated team that does our short sales and that’s all they do so they know the short sale process inside and out. Therefore, we have a higher success rate getting approvals than someone who received a “short sale certificate” by taking a one day class. Bottom line, in-depth experience with short sales is how you get approvals and that’s what our team has.[/spoiler]
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Q. I can no longer afford the ‘Repayment Plan’ that I did on my home?
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A. In most cases a Repayment Plan benefits the bank more than the borrower. You are stuck with a higher mortgage payment (because the past due amount is spread out over several months and added on to your new mortgage payment amount so you can bring your mortgage current).
If you can’t afford your new monthly mortgage payment anymore, then maybe it’s time to move on and sell your house. Fill out the online form or give us a call or email us anytime for an offer.[/spoiler]
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Q. My bank agreed to a Forbearance but I don’t have the funds to pay back what is owed?
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A. A forbearance agreement is a temporary fix. Your bank has agreed to temporarily suspend or reduce your monthly mortgage payments for a specific period of time; however, in the end you still owe the bank what is due.
If you’re not going to be able to pay them back what is due, then maybe it’s time to move on and sell your house. Fill out the online form or give us a call or email us anytime for an offer.[/spoiler]
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Q. I have a tenant in the home, can you still purchase my house?
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A. Yes, it’s common for us to purchase tenant occupied homes and multi-family units. We also know the importance of not disturbing your tenants during the purchase and closing process; therefore, we make every effort to make it a seamless process for everyone.[/spoiler] [spoiler title=”
Q. My home is vacant, is that okay with you?
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A. Yes, we purchase vacant homes quite frequently. In fact, vacant homes can attract trouble like “squatters” (people that break in a vacant home and live in the home) or other vandalism so it’s beneficial to get your vacant home sold ASAP.[/spoiler] [spoiler title=”
Q. I’m an out of town owner and I want to sell my house?
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A. No problem. We purchase homes from out of town owners quite frequently. We will make all the necessary local arrangements so you don’t have to. We will have a national title/escrow company that is near you do the closing and get you paid. We strive to make selling your home an easy process.[/spoiler] [spoiler title=”
Q. I’ve heard about ‘Cash for Keys’, would my house qualify for this?
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A. If you have little to no equity (meaning your mortgage balance is more than or close to what your home is worth) and you need moving money than in most cases we can provide you “cash for keys”.[/spoiler] [spoiler title=”
Q. I want to sell my house and I can’t afford to pay my property taxes that are due?
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A. If most cases if we purchase your house, we can pay the property taxes for you at the close of escrow.
If you sell to someone other than us, you would be responsible for paying any property taxes that are owed on the house prior to closing.[/spoiler]
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Q. My Home Owners Association is threatening foreclosure because I owe HOA dues?
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A. If you want to sell your house and avoid the Home Owner’s Association foreclosing on you then we can purchase your home before it goes any further.[/spoiler] [spoiler title=”
Q. I no longer want to be a landlord but I still want monthly income?
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A. We work with landlords all the time…they do not want to deal with tenants anymore but they like the monthly income. We have a buying program that fits what you are looking for. Give us a call and we can talk more about it.[/spoiler] [spoiler title=”
Q. Still have questions?
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A. Complete the online form or Call us toll free at 1-866-408-9382 or Email us at info@CaliforniaHouseBuyers.com. A friendly staff member would be happy to assist you.[/spoiler]