Check the company’s reputation and reviews on the Better Business Bureau’s website.
People offering to buy your house are almost exclusively single operators. Homestead Road is the only fully staffed professional house buying company in the market. Our team has completed over 3,000 residential home transactions since 2007.
Whether you choose to deal with a single operator or Homestead Road, make sure they have proof of funds in the bank to buy your house at the price they are offering. Some house buyers do not have the funds at the time they ask you to sign a purchase agreement. They use the purchase agreement to persuade private money lenders to fund the transaction or to resell the house to them. If they cannot find a lender or buyer, they may try to negotiate a lower price with you or back out of the deal altogether.
Homestead Road provides proof of funds in our bank at the time we present an offer to buy your home. That’s why you can count on a smooth and sure-fire process. This is a major reason we have consistently earned an A+ rating from the Better Business Bureau, and why we were designated a Finalist for their Torch Awards for Ethics in their Minnesota and North Dakota region.
Do they have funds to buy your home?
Homestead Road is proud of a 100% closing rate once the Purchase Agreement is signed. House buyers that cannot show prood of funds in the bank will write “contingencies” into the Purchase Agreement – “pending inspection,” “pending financing” – that enable them to back out if they can’t find someone to fund the transaction. An “inspection contingency” allows the company to back out if the inspection finds one flaw. A normal time for inspection is 3-5 business days. A long inspection contingency time frame such as “30 days” is a red flag indicating the buyer has not secured financing.
Do they have a fully staffed office to handle the details?
Selling a house fast involves a maze of legal requirements, regulations, disclosures, clearances, and documentation. Dropping the ball on any step can cause delays or abort the closing process. Homestead Road retains a licensed realtor, an attorney on call, and a dedicated title company closer, all to make sure the process is smooth and trouble free.
What Are The Closing Costs And Timing?
In becoming an experienced, reputable house buying company we have streamlined the closing process, cutting down on paperwork, costs, and time. When anyone makes an offer to buy your house “as is,” make sure they spell out all the closing steps, timing, and fees. Guard against fine print, surprise fees, and any lingering liabilities after the sale that may come back to bite you.
What other services are provided?
At Homestead Road we place family needs above all else, knowing the rewards come in much greater measure in the long run. We will take care of goods you choose to leave behind by donating them to the Salvation Army or disabled Veterans organizations. We even offer a free truck and manpower to help with your move. We know that if we treat you right, our good reputation will spread by word of mouth.