Frequently Asked Questions
Questions? We’ve got answers! Explore common queries and contact via text, email, or phone for more details on your selling options.
Q: What can I do to avoid foreclosure?
A: We assist homeowners facing challenges by offering options for their property. Upon reaching out and sharing details about your home, we’ll provide insights on potential actions and the financial outcome if you choose to part ways with the property. Whether your property is in a negative equity situation, has additional liens, and judgments, or is in poor condition, we offer a free assessment to determine the potential proceeds from a sale.
Q: What if the property is in poor condition?
A: Numerous buyers and investors acquire distressed properties below market value with the aim of reselling them for a profit to new homeowners. At Homeowners Resource Group, Inc., we focus on creating mutually beneficial solutions, ensuring you depart with maximum proceeds without any lingering debt. To delve deeper into the topic, download our guide on the Pros and Cons of selling to a real estate investor. See the button below:
Q: How is the value of the property determined?
A: The property’s current market value is gauged through the sales of similar homes in the vicinity, factoring in repair, closing, and holding expenses. Additional considerations include any existing judgments or liens. In cases where the property carries more debt than its appraised value, the short-sale lender dictates its worth. The property is sold as-is, eliminating the buyer’s need for any pre-sale repairs.
Q: Do I need a real estate agent? What is their fee?
A: The listing agent, serving as the short sale negotiator, receives compensation from the commission on the HUD settlement statement provided during the short sale closing. The bank and the buyer bear the associated fees, not directly by the seller. Additionally, a real estate attorney is required for representation in the transaction, and their fee is deducted from the sale proceeds upon closing.
Q: How are you different from everyone else?
A: Homeowners Resource Group, Inc. is a real estate solutions and investment firm dedicated to assisting homeowners in understanding their full range of options. We specialize in resolving challenges many other real estate professionals cannot address and successfully close deals others might find challenging. Our mission at Homeowners Resource Group, Inc. is to support homeowners in tough situations in New York, without asking for any payment from them. As local New Yorkers (Long Islanders), we prioritize the well-being of our neighbors, ensuring long-lasting business relationships by consistently doing right by our clients.
Q: Is there any obligation when I submit my info?
A: You are under no obligation whatsoever. After we provide you with the available selling options, deciding what to do next is entirely yours.
Q: Do you want me to clean my property before you buy it?
A: The good news is you do not need to clean or repair anything in your property. Leave it as it is; we’ll handle everything after purchasing your home. This convenience is one of the perks our clients truly appreciate when selling this way.