Frequently Asked Questions
If you have questions, we have answers! Here’s a collection of some of the questions people ask us and our answers. Still have questions? Don’t hesitate to contact us through text, email, or phone. We would love to chat further about your selling options.
Q: What can I do to avoid foreclosure?
A: We provide homeowners in difficult situations with solutions to either sell or keep their home. Once you contact us and tell us about your property, we will let you know what you can do and how much you can walk away with if you decide to sell your property. Even if you owe more on the property than it is worth and it is underwater, there are additional liens or judgments, the property is in poor condition, we will provide a complimentary assessment and let you know how much money you can walk away with from selling.
Q: What if the property is in poor condition?
A: Many buyers and investors purchase distressed homes for below market value. They do this so they can resell it at a profit to another homeowner. At Homeowners Resource Group, Inc., we specialize in finding win-win solutions, which means making sure you walk away satisfied with as much money as possible and free and clear of any debt. For more on this, download the guide of Pros and Cons of selling to a real estate investor. See button below:
DOWNLOAD our free guide that walks you through the Pros and Cons of selling your house to a real estate investor. You will also learn the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: How is the value of the property determined?
A: The current market value of the property is determined by sales of the other houses that are similar or comparable to it in the area. Minus the costs of repairs, closing and holding costs determines the current market value of the house. If there are any other judgments or liens, they will have to be taken into consideration as well. If the property has more debt on it than it is worth, then the short sale lender determines the value of the property. It is then sold as-is and is not necessary to make any repairs prior to the sale for the buyer.
Q: Do I need a real estate agent? What is their fee?
A: The listing agent is the short sale negotiator and gets paid out of the commission on the HUD settlement statement given at the short sale closing. The fees are covered by the bank and the buyer in the transaction and do not come from the seller directly. You will also need a real estate attorney to represent you in the transaction, but their fee is paid out of the proceeds form the sale as well upon closing.
Q: How are you different from everyone else?
A: Homeowners Resource Group, Inc. is a real estate solutions and investment firm that specializes in helping homeowners to know all their options. We solve problems that most other real estate professionals are not able to, and can close deals that others cannot. Homeowners Resource Group, Inc. was created to help New York homeowners in difficult situations, and we will never ask you to pay us. We are local New Yorkers (Long Islanders) and want to make sure that our neighbors are taken care of and that we have business for years to come. We will always make sure to do right by our clients.
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once we present you with your options to sell, it’s 100% your decision on what you do next.
What is My House Worth?
Know Your Options to Keep or Sell Your Property
Learn The Pros and Cons Of Selling Your House – FREE Guide:
Download your FREE Guide here and contact us anytime with questions, or for a no-hassle Situation Evaluation.
Get the FREE Guide and then give us a call at 631-759-4408. We look forward to discussing all of your selling options!