I’ve Received an Offer, Now What?
If you’ve received an offer on your property, first of all….Congratulations! Not every property qualifies for an offer from Mr.Buyer, so you’re already ahead of the rest!
Now you may have some questions on the process, the offer, or making a decision between more than one offer. In some cases your property may qualify for multiple offers.
Check out our Frequently Asked Questions below and our Offer comparison chart below:
FAQS
There is a lot of information about our company on our website www.MrBuyer.com, including video testimonials, about us etc. We have an average of 5-Star ranking on Google you can find online, and a 5 Star rating on BBB for Florida where we are headquartered. We buy and sell real estate as a direct buyer and direct seller Nationwide! No middlemen means better rates for buyers and sellers!
We are a Florida based Real Estate Investment company with branches in key states including Oregon, Florida and California. We buy nationally.
Because we’re honest and we will do what we say we’re going to do. We’ve done hundreds of transactions and can get the job done. You can check our reviews online at www.mrbuyer.com/reviews
No, we are private investors, and you will pay no fees or commissions. Our service is free. You can learn more about us here on our website.
Our process is a simple three steps
Step 1: We have a short consult call with you to evaluate the property over the phone.
Step 2: We come to an agreement on price and terms
Step 3: We immediately do a quick due diligence check and if all checks out, we close quickly through a reputable title company/closing attorney and they get you your check!
- This is entirely dependent on the title company and the due diligence needing done on our end.
- Title companies have to do their due diligence on the title in order to obtain the “title commitment” which is necessary for them to insure the title and close the transaction. This typically takes them 7-10 business days.
- Secondly, they have to coordinate the notary and prepare all of the paperwork/numbers which is dependent on their schedule.
- On our end, we have to verify that the land is buildable by double checking: • Utilities • Zoning • Topography • ETC
- Once all of the above are completed, we can close the transaction unless your agreement has different dates/time frames.
- Title companies serve as the trusted 3rd party who orchestrates the buying/selling of real estate
- We always close with a reputable title company or closing attorney certified and based in the state the property is located. As we buy property nationally, we choose one that is available to perform in a timely manner, of which we’ll notify you which one we selected for that property right after agreement signing.
- Additionally, they insure the title of the property against liens/encumbrances of any kind.
- We send them the money to buy and you sign the docs to sell and the title company does not disburse the funds to the seller or transfer ownership to the buyer until both parties have fulfilled their contractual obligation.
- This allows safe, hassle-free transactions between strangers
It’s the norm that due diligence is done after a purchase agreement is signed because there is oftentimes extensive time and cost to inspect the property which is a cost and risk for the buyer. It doesn’t make sense to spend this amount of money and time until the seller has established, they are ready, willing, and able to sell at terms agreeable to both parties.
We typically use this Purchase Agreement nationwide, reason being is because we buy nationwide and there are numerous jurisdictions, requirements, etc from each local, would be very costly and time-consuming to generate, review, and modify agreements in different locations if that makes sense. It’s kind of like a CarMax, or Carvana where you guys buy/sell a car, they have a standardized process that is streamlined and works in every jurisdiction that is both simple yet sufficient for all parties involved if that makes sense?
- 1-2 days prior to closing, the title company will send you a “settlement statement” which outlines the numbers on your side of the transaction. Here you will see the purchase price minus any costs associated with the sale such as unpaid taxes, liens that may be on the property, etc.
- The title company will send a notary to you in order to sign all of the paperwork. One of the documents allows you to choose if you’d like the funds wired to you or sent via check.
- On our end, we send the money to the title company and sign all of our respective documents. We typically send the funds into the title company several days ahead of time if they’re able to prepare the documents in time.
- Once we’ve both signed, the title company will send you the money via a check or wire transfer, depending on what you chose
We will pay all closing costs associated with the transaction. Working with us will not cost you one dime out of pocket, as we will pay for everything. Unlike traditional real estate agents we do not charge you anything and there are no fees or commissions associated with the transaction. We cover closing costs and all fees normally associated with a real estate purchase. You keep 100% of the offer we make on your home.
We have a team dedicated to analyzing market conditions, what’s happening in the area and past sales etc. As you know, in any area one street can differ from a street next door. It’s a lot of work and it’s not always perfect. Sometimes we get it right, sometimes we don’t.
Everybody’s situation is different, that’s why we offer multiple offers to better suite your needs, only you and your family/situation can determine what’s best. Owner Financing allows us to pay you the highest possible sales price for your property. Cash Offer is something you may need quick money for something now. You decide what’s best.
Because Mr.Buyer buys so many properties all over the country they have streamlined this possess to be efficient. We put substantial costs into due diligence all at a cost and risk completely on us–never any out-of-pocket cost to the sellers. Since any E.M.D. would be fully refundable if the property didn’t qualify for our purchase so a large E.M.D. is irrelevant to the seller. Mr.Buyer places a token EMD of $100, where on larger transactions over $1 Mil we may have more depending on the property. Additionally, Purchase Agreements, especially regarding real estate, are only valid in they are in writing and “consideration” is exchanged for the option. “Consideration is what you give the owner in order to hold this option. In the veast majority of cases, that is money. Sometimes people offer something else in lieu of money as consideration for a contract, including all kinds of goods and services. But SOMETHING has to be given to the owner in order to create a binding contract. Binding contacts cannot exist without at least three parts: An Offer, acceptance, of that offer, and consideration.
Is there someone in your family that you love very much that you would like this to pass on the cash flow to when God calls you home?
Historically we’ve found that sellers aren’t typically interested in an interest rate and more interested in the highest possible sales price so we’ve calculated our terms offers based on the highest possible price we could pay you overcompensating for any interest rate. Additionally, you’d have to pay taxes on any interest that you would have collected. This method is the simplest, most profitable solution for all parties.
Yes! And not only will we buy your house, but we can help you avoid any damage to your credit. You can get more information by calling us directly at 844-5-SELL-IT
In real estate, “landlocked” refers to a property that has no direct access to a public street, so the only way on or off the property is to cross land owned by someone else. Usually, a landlocked property gains street access through a legal permission called an easement. Why this matters?
- This has a significant affect on its value and sale-ability.
- In most jurisdictions you cannot even get a permit to build on the property.
- Majority of lenders will never loan on landlocked property.
- Even neighbors that have given access over the years can easily change their mind especially if there is no recorded easement.
- Anyone going over other people’s property to get to the landlocked property are considered trespassing and owners could press charges or even take matters into their own hands by using fire arms, posing a risk to those trying to access the landlocked property.
For Fastest Service
Call (844) 5-SELL-IT
now to get a fair offer in 7 minutes!
Our Process Is Simple. We Make You A Fair Offer. Contact Us Now
- 1-844-5-SELL-IT
-
3346 Market St PMB 83274, San Francisco, CA 94104
382 NE 191st St Ste 83274 Miami, FL 33179 - offers@mrbuyer.com
© Copyright 1999 – 2023 Mr.Buyer, LLC. All Rights Reserved