These days anyone can take a weekend class and instantly think they are real estate expert. You have probably heard the advertisements for these various classes that promise to turn people into millionaire real estate investors without using any of their own money. Be careful of who you deal with when you decide to sell your home fast in St. Louis.
- Offers without proof of funds – When reviewing your offer make sure the buyer actually has the cash to buy your home. A few things to look for is to make sure it is no more than 30 days old. Also, make sure it is from a local bank that has a physical location. It is very easy to create a POF (proof of funds) letter from various “hard money” lending websites. These companies sound like they are banks, but are typically out of town financing companies that lend money to hopeful real estate investors at a very high interest rate. Often these companies will state their POF letter is as good as cash, but after running an analysis of a property and the investor’s financial information they often back out of lending on the home.
- Offers written on unfair contracts – When we write our offers we use the “Special Sale Contract” from the St. Louis Association of Realtors. These contracts are authorized for use only by members of St. Louis Association of Realtors and the BAR Association of St. Louis. The contract is written in a way that is equally fair to both you, the seller, and us the buyer. This contract eliminates any responsibility that you would have to perform any type of inspection. Often, other investors will use a contract that they had their attorney draw up that will have hidden clauses that will allow them legally get out of the contract and leave you back at square 1.
- Offers with inspection clauses – We won’t do any inspections on your home after we make an offer. Typically other buyers will ask to do a couple of small inspections that seem harmless, but often this can be used as a way for them to get out of buying your home. Also, some buyers will put your home under contract and perform and inspection or bring their contractor through and then ask you to drop the already agreed upon sale price because “they found a problem” and need to buy your home at a lower price because of it.
- Buyers who want to put a lock box on your home – These buyers are often wholesalers who are trying to sell your property to someone else before they actually purchase it. They do this for a number of reasons. Sometimes they don’t actually have the ability to buy your home or maybe they just want to make a quick buck off of you. By accepting an offer from a wholesaler you are leaving money on the table. They have to buy your home cheap enough to sell to another investor so you won’t get the full value for your home.
What Saint Louis Home Buyers Can Do For You
Saint Louis Home Buyers will offer you complete transparency from the start.
We WILL:
- Give you a cash offer for the full value your home.
- Close on a date that you choose.
- Help you find a new home.
We WILL NOT:
- Perform any home inspections or city/county inspections.
- Charge you commissions or fees.
- Ask you to to clean or make repairs.
- Rush you out of your home.
It’s that simple. If you want to sell your home or other property, give us a call today and we will quickly buy your St. Louis home for cash!