FAQ about
“Investor Special” Homes
What else should I know?
You should know that I am a licensed real estate Broker in the state of South Carolina. For the homes shown on this site, I'm acting on my own behalf as the high bidder for the property at an auction, and I'm offering to assign my bid to you at the price listed. I do not currently own the property.
Can
I finance the purchase of this home?
Unfortunately
not. These homes are priced with a cash sale in mind. Many of the
homes shown here are “fixer uppers” and would not meet lender
condition standards without repairs, and even ones in good condition
could not close quickly enough to allow time for loan processing. I will need proof of cash funds (copy of bank statement, letter from bank, available funds on a credit line, etc.) to accept an offer on any property.
I
see that there's a “Must close before” date that's not too far
away. Why do I have to act so quickly?
Homes
shown here are typically foreclosures that have been purchased at an
auction. I have a certain time period to pay for the auction, and
the “Must close before” date reflects that.
So
what am I actually getting for my money?
You
get a great deal on a house in as-is, where-is condition. The house
will come with clear insurable title, and taxes will be pro-rated to
the date of closing. I pay for typical seller's expenses. You pay
for typical buyer's closing costs.
Will
you pay a commission to my buyer's agent?
A
commission is not priced in to the price of this home. Of course,
you may add a commission to the sales price of the home if you want
to ensure your agent is paid.
Is
there an inspection period after we agree on a price?
No.
All inspections must take place before an offer is accepted.
What
happens if you don't find a buyer before the “must close before”
date?
I'll
buy the house. Sometimes I'll
list it in the MLS in as-is condition. In other instances I'll
repair or renovate the home and sell it in “turnkey” condition.
Due to additional expenses through these sales channels, the price
will always be higher than the one shown here.
