Are real estate investors trying to screw me?

Friday, September 14th, 2012

Waiting and wondering when and if an offer will come and then wondering what the buyer will make you do before their financing falls through can be some of the hardest things when you want to sell your home in Milwaukee. Is working with a real estate investor a good idea?

Well, since I am a real estate investor, I have some opinions on the topic. I have heard of real estate investors who do what they can to lie, cheat and steal their profit. But I’ve never met one and I think I know why. A company that makes its living by taking advantage often quickly gets a reputation and goes out of business.

How can you and an investor benefit each other? The truth is I don’t know if you can.

It depends on whether your needs line up with the investor’s needs and how creative you both are. We are investors and we might buy your house in Milwaukee, Greenfield, Greendale, Brookfield and surrounding areas. We consult with home owners to find a simple or creative course of action that is mutually beneficial. Most importantly to us, we want it to end with that seller proudly telling their friends that we worked together and that you met your goal — to sell your home fast for the right price!

Unlike realtors, who make money regardless of how long it takes, we are real estate investors who make money by making real estate a better investment. Sometimes it takes months or even years to sell a home in Milwaukee after we buy your house. But we know that, just because we are in it for the long haul does not mean you need to be. You are ready to sell your home and are bringing it to the table.

I can’t speak for all investors but here is what we bring to the table:

We buy houses for cash.
We close quickly.
We cover closing costs and avoid realtor commissions.
We deal with the paperwork.
We buy your home even if you owe more that its worth.
We assume the risk of the house never paying off.

You sell your home now and avoid costly carrying costs while realtors slowly try to sell your house.
You avoid costly repairs, seller concessions and anguish from deals that fall through because of financing.
You move to a better home, even if you need cash to do it.

What is a lease option?

Monday, June 18th, 2012

A lease option agreement is basically a rent-to-own agreement. The “tenant”, also know as the “tenant buyer”, signs lease agreement for a period of time and also an option agreement to purchase the property at some point in the future at a set price.
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