Frequently Asked Questions
Selling your property is a big decision, we don’t take that lightly. Every transaction is unique in its own way. Inked Real Estate has helped numerous sellers get the solution that best fits their needs. Give us a call or send us an email, we are more than happy to simply talk about your situation to make sure you are making a decision that is in your best interest. If the solution that’s in your best interest does not overlap with a good business decision for us, we’ll direct you to someone or something that can best accomplish your objectives. We are here to help!
+ How do you determine the cash offer you’ll pay for my property?
After buying many properties, we have perfected the offer process. Before making you an offer, an Inked specialist will evaluate a number of factors, including the following:
The current condition of your property
The approximate cost of repairs and renovations required
The amount of time it will take to renovate your property
The future “post-renovation” value of your property, compared to other properties in the area.
The amount of real estate commissions required to sell your property after renovation.
The cost of maintaining the property until it’s ready to sell, including insurance, utilities, taxes, and more.
The estimated future “post-renovation” value of your renovated property, minus these costs, helps us arrive at the cash offer that we make for your real estate.
+ Can you actually pay me part of the purchase price for my property TODAY?
Unlike other traditional buyers, Inked’s streamlined process can get cash in the account of your choice (or cash in your hands, if you prefer) today. Yes, that's right, TODAY. How can Inked Real Estate do that? Here's how.
- Once we agree on a price, an Inked representative will meet you at the property along with a mobile notary.
- We will sign three documents (1) promissory note, (2) deed of trust (mortgage), and (3) purchase and sale agreement for the property. The deed of trust protects us by putting a lien on the property until it closes.
- You will get paid a portion of the purchase price that day! We'll even give you physical cash if you don't want to go through a bank account.
+ Who normally sells their property to Inked?
All different kinds of people in all kinds of different situations. While every situation and property is unique, all sellers share one commonality: they want to sell their property quickly to a trusted local home buyer who can close on their time scheudle and on their terms.
Below are a few common situations where people sell to us:
- Inherited a property they didn't want
- Have a rental property with problem tenants
- Sudden relocation
- Have a property with extensive repairs
- Going through a divorce
- Falling behind on mortgage payments and facing imminent foreclosure
If you find yourself in one of these situations, contact us today to receive a cash offer for your property.
+ Are there any hidden fees when I sell my property to you?
No, None. We pay all the closing costs and strive to make the selling process as simple as possible for you. Unlike other traditional home buyers, our offer is the amount of money that will actually be deposted in the account of your choice (or cash in your hends, if you prefer) at closing.
+ Do I have to make any repairs before I sell my property to you?
No, None. We buy all properties "as-is," which means you don't have to spend any more money on your property before we buy it. It doesn't matter if you need a new roof, if there is structural damage, or if it was involved in a flood, we will buy it.
+ Can I sell my property if I'm in pre-foreclosure?
Yes. That's the short answer. As long as title is in your hands, you can sell it. However, some jurisdictions have a deadline in which you can't sell your property prior to the scheduled auction date. Contact us to speak more about your situation, we'll be glad to go through your jurisdiction's rules and figure out your best option to get the most you can for your property.
+ If I agree to sell to you, what happens next?
If you agree to sell to us, we'll send you a contract to purchase Docusign. We will go through the contract with you, line by line, so we are both on the same page. After we both sign, we send that contract to escrow and deposit our earnest money. After that, we sign closing documents and you get paid. It's really that simple.