The Seller's FAQ Vault

Authored by experts, this knowledge base provides transparent answers for homeowners dealing with foreclosure, probate, and distressed properties.

The Process Money & Fees Condition Legal Tenants Glossary

The Process & Timeline

How fast can you actually close?
We can close as fast as the title company can clear the title, which is typically 7 to 10 days. However, speed isn't always what sellers want. If you need 60 days to find a new apartment or organize a moving sale, we can schedule the closing for the exact date you choose. You are in control of the timeline.
Do I need to come to an office to close?
No. While you are welcome to attend the closing at the title company's office, most of our sellers prefer a Mobile Notary. We can send a notary to your home, your job, or even a coffee shop to have you sign the final paperwork. It takes about 20 minutes.
What do I need to bring to closing?
You typically only need two forms of ID (usually a Driver's License and another photo ID or social security card). You do not need to bring money. If there are any costs (which is rare, as we pay closing costs), they are deducted from the proceeds.

Money, Price & Fees

How does the "Cash Offer" formula work?
We are very open about this. We start with the After Repair Value (ARV)—what your house would sell for if it were fully renovated. We then subtract:
  • 1. Cost of Repairs (Materials + Labor)
  • 2. Transaction Costs (Title fees, insurance, taxes)
  • 3. Our Minimum Profit Margin

The remaining number is your cash offer. It is a net number—no hidden fees deducted later.

Is the offer negotiable?
Yes, sometimes. If you have a contractor's bid that shows our repair estimates are too high, or if you have recent appraisal data, share it with us! We want the deal to be fair. If we missed something about the value of your home, we are happy to adjust our numbers.
Who pays the closing costs?
We do. In a traditional sale, you might pay 2-3% of the sales price in closing costs. When you sell to us, we cover the title search, recording fees, city transfer taxes, and attorney fees. You walk away with the net cash we agreed upon.

Property Condition

My house has black mold. Is that a dealbreaker?
Not for us. Mold scares away retail buyers because banks often won't lend on the property. Since we pay cash, we can buy mold-infested homes. We have professional remediation crews that handle the cleanup safely after we own the property.
What if I'm a hoarder or the house is full of trash?
This is one of our most common scenarios. Please do not clean! Take the items you cherish and leave everything else. Old furniture, boxes, clothes, trash—leave it all. We handle the cleanout. We are judgment-free; we view it simply as a logistics task.

Tenants & Squatters

My tenant hasn't paid rent in 6 months. Will you buy?
Yes. Selling a house with non-paying tenants is one of our specialties. You do not need to evict them. We buy the property subject to the lease (or lack thereof) and become the new landlord. We handle the legal eviction process after closing, saving you the stress and legal fees.
What about Squatters?
Squatters can be dangerous and difficult to remove. We buy properties with squatters present. We understand the laws regarding "Squatters Rights" and have the legal teams to handle it. You just sell and walk away.

Real Estate Glossary

Arrears

Money that is overdue and unpaid. Usually refers to missed mortgage payments or property taxes.

Lis Pendens

A formal notice of a pending lawsuit against the property, usually the first step in the Foreclosure process.

Probate

The legal process where a court oversees the distribution of assets (like a house) after someone passes away.

Quiet Title

A lawsuit filed to establish ownership of a property and remove any other claims or clouds on the title.

Proof of Funds

A document (usually a bank statement) showing the buyer actually has the liquid cash to close the deal.

As-Is Contract

A sales agreement where the buyer accepts the property in its current condition and agrees not to ask for repairs.

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