Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses South and Central Florida that meet our purchasing criteria. From there we may repair the house and resell it to another home owner or keep it as a rental ourselves. Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Eventually we will repair it, then sell it or rent it to a new family.
A distressed property is a home that is typically sold under fair market value. Most distressed properties are in need of some type of repair, but could also need to be sold fast due to the seller facing a situation such as a foreclosure or a divorce, and they are willing to accept a discount.
Traditional financing is typically a bad fit for distressed sales due to the speed at which the seller is interested in selling and the condition of the property.
Wholesale properties are the type of property purchased by investors often to rehab and add value. Wholesale properties are sold by real estate wholesalers that do not sell to retail homeowners. New Western Acquisitions operates specifically in a wholesale market and does not provide properties to retail buyers.
After acquiring an investment home from the wholesaler, the investor then rehabs the property with the intention to resell it to a homeowner in the retail market or to rent it out. Buying a property at wholesale can be thought of as the risk/reward middle ground between the purchase of a property directly on the MLS and buying a property at a foreclosure auction. In most instances, buying a wholesale property is a higher risk than purchasing from the retail MLS since there is no inspection period. However, the property takes much less effort to sell and earns a much better price through a more efficient process. ]
At the other end of the spectrum is the foreclosure auction. Which, although these may represent the largest returns, auctions are usually beneficial for only heavily experienced investors. Unlike wholesale properties, bidders do not have access to the interior of the property before the auction and must pay cash within minutes of the sale.
Wholesale properties are the type of property purchased by investors often to rehab and add value. Wholesale properties are sold by real estate wholesalers that do not sell to retail homeowners. New Western Acquisitions operates specifically in a wholesale market and does not provide properties to retail buyers.
After acquiring an investment home from the wholesaler, the investor then rehabs the property with the intention to resell it to a homeowner in the retail market or to rent it out. Buying a property at wholesale can be thought of as the risk/reward middle ground between the purchase of a property directly on the MLS and buying a property at a foreclosure auction. In most instances, buying a wholesale property is a higher risk than purchasing from the retail MLS since there is no inspection period. However, the property takes much less effort to sell and earns a much better price through a more efficient process. ]
At the other end of the spectrum is the foreclosure auction. Which, although these may represent the largest returns, auctions are usually beneficial for only heavily experienced investors. Unlike wholesale properties, bidders do not have access to the interior of the property before the auction and must pay cash within minutes of the sale.
It is up to you when we close.Just let our acquisitions department know your date of choice and we will do our best to accommodate your request. Normally it takes the local title company a few weeks to process all of the required paperwork. Since they are a 3rd party organization some deal with a high volume of transactions and might take longer than others. We do our best to work with your unique situation and timeline.
Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses recently sold in the area recently. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Many of the houses we purchase are below market value (we do this so we can resell it at a profit to another home owner). We are looking to get a fair discount on a property. However, in our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash, we close very quickly (no waiting for financing), and no time or effort or expense is required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
All real estate transactions have to be recorded by either a title company or a real estate lawyer. We handle the process from the time you sign the contract to the closing date. You will have the option of picking your check up at the local title company that handled the transaction or we can have the check couriered by a mobile notary to your home.
No we do not charge any fees or commissions to make an offer or to buy your home. We take care of all closing costs and or lawyer fees associated with the sale. If you would like to compare what you would net from a traditional sale you can enter your asking price into calculator located on our “how it works page” to calculate the amount you would receive at closing.