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.
Q: Will you be listing my house on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. We are professional home buyers:
We buy houses South 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.
Q: Do you pay fair prices for properties?
A: 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!)
[DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself. Head on over here download your free guide →]
Q: How do you determine the price to offer on my house?
A: 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 sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house us. We’ll make you an offer, and if it’s a fit then we’ll buy your house (and we’ll often pay for the closing costs too!). No hassle. No fees. We make our money after we pay for repairs on the house (if any) and sell it for a profit (we’re taking all of the risk here on whether we can sell it for a profit or not, once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and it’s payments… and often with cash in your hand).
Q: How are you different from a real estate agent?
A: 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).
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
Download our FREE Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners sell unwanted properties for cash.
Get the FREE Guide and then give us a call at 954-883-9414 and we’ll discuss what your home is worth and what we can offer to buy it for with our
Cash Offer Program.
“They closed when they said they would close!
-Zelda S. - Lauderhill, FL
Are you looking for multi-family properties in South Florida? Check out our tips to help you save time and money when you are ready to buy!
Multi-family property investment in South Florida is a wonderful way to build your portfolio. However, not ever multi-family property will be profitable. It’s important to know what to do both before and aer the sale to ensure you are getting the most for your money. Below, are a few things to look for when buying a multi-family property in South Florida!
The Right Location
A great property in the wrong location isn’t going to provide the returns you’re aer. You may have to compromise on the amount of rent you’re charging or on the quality of your tenants. High-quality tenants aren’t going to live in a bad area, nor are they going to want to overpay for doing so. If you want to buy a multi-family property in South Florida, make sure you pick a great location!
The Right Tenants
Tenant screening should be thorough and mandatory for every person living under your roof. Even if you know the tenants previously, you’ll want to run background checks, contact references, and verify income. Not doing so can have you feeling stuck with the wrong people in your rental, And when the wrong people are in your rental, you’re likely to lose money in the long run due to missed rent or property damage. Be sure to check every applicant before allowing anyone to move into your multi-family property in South Florida.
Creating Boundaries
You should let your tenants know upfront what will and will not be tolerated. For example, loud music heard through the walls, parking rules, smoking on the property, the number of guests at any one time, and pet policies. Putting rules in place ahead of time will help alleviate any potential conflicts between your tenants down the road.
Nobody wants to be policed by their landlord, however, everyone wants to live in peace. By setting boundaries upfront, you’ll be able to screen out the bad ones and find two (or more) tenants who will be compatible.
Understand The Differences
Owning a multi-family property is di erent than owning a single family home. While it’s great to not put all your eggs in one basket as far as renters (having two units will lower your vacancy rate) however damages to the property can aect 2 parties, resulting in a greater loss of income for you. Let’s say a pipe breaks and floods the units. You may lose multiple tenants and have a larger area to repair than you would with a single family home. That said, having multiple tenants will help guarantee that you always have some income coming in even if somebody moves out.
Create Demand
Ofen times, a duplex, triplex, or quad, will simply be aordable housing, without any draw or uniqueness. By adding great curb appeal, adding features other properties in the area lack, and properly maintaining the building will help your building stand out from the others. Depending on the building, you could add tables, flowers, a fresh coat of paint, or even a hot tub. These little perks will ensure your units are always rented out at the best possible prices.
Work With An Expert
If you haven’t dealt with multi-family properties in the past, there be much for you to learn. Working with a local, trusted professional will help you find a great property that will perform well, without breaking the bank. Empire Real Estate Investments, LLC can help you with the best properties and great deals on multi-family property in South Florida!
Let us help you find the best multi-family properties in South Florida! Get More Real Estate Market Info... Subscribe Below! Get in touch with us today to learn more! 954-883-9040 😇
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We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer.
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