How Does The Cash Offer Program Work?
Tell Us About Your Property
It’s quick, easy and free!
If it meets our buying criteria,
We’ll contact you to setup a quick appointment
We’ll present you w/ a no-obligation offer
or discuss the best method to proceed
We close at a local reputable title company
Cash in your hands in as little as 7 days!
Timeframe: Once we get your info, we’re usually able to make you a fair all-cash offer within 24 hours. From there, we can close as quickly as 7 days… or on your schedule (sometimes we can have a check in your hand the very same day!).
How Does Our Seller Finance Program Work?
The Tree of Life Explanation
When you purchased your property, you essentially purchased a seed. When you planted that seed, you had to water it, fertilize it, protect it, and nurture it as it grew. Now after all your work the seed grew into a full tree (equity gained) that is now potentially producing fruit (cash flow). You have two options. Option one is that you can cut the tree at the stump and burn the wood (liquidate), which could provide your family warmth and protection for a short period of time. However, when you cut the tree down you can only cut it down to the stump (taxes). You are never able to get all the wood out of the tree if you cut it down (equity). Option two is that you can keep the tree alive (equity gained), continue to provide your family with the fruit produced (cash flow), and no longer be responsible for keeping the tree alive (property management). Your family would allow us to take control of the tree (loan) and take responsibility for watering it, fertilizing it, protecting it, and nurturing it (property management). We would continue to feed your family with the fruit (monthly payments/ down payment on loan) while also being able to feed our family as well. This allows our family to provide you with all the wood (equity gained) in the tree.
Upgrade from a Landlord to a Lender
When you sell HD Property Team your home on Seller Finance then you become the bank. Every bank has an Eagle as their logo for a reason because they are at the top of the flagpole. To become the bank there is no additional work, paperwork, or stress, allow your money to grow without lifting a finger.
What Are The Parts Of The Loan?
There are four parts to the loan: length, down payment amount, monthly payment amount, and balloon payment. The length of our loans is typically 5 – 10 years and are based on the seller’s timeline. The down payment on the property is typically $10,000 (+/-) depending on the overall equity in the house. The monthly payments are based on a 30-year fixed rate. The balloon is the lump sum that we owe at the end of the term length, since the monthly payments are based on a 30-year fixed rate they generally only pay off 20 – 40% of the loan.
Tell Us About Your Property
It’s quick, easy and free!
If it meets our buying criteria,
We’ll contact you to setup a quick appointment
You present your terms.
You are the bank. You Determine the four parts of the loan.
We close at a local reputable title company
You can now kick back and relax knowing you got every dollar worth of equity out of the deal.
Common Seller Finance Questions
But I Have A Mortgage?
If your home has a mortgage do not fear, let HD Property Team pay the mortgage for you! We leave the mortgage in your name and continue to pay it for you. When we buy the house, the loan is based off the equity in the house which pays for the complete mortgage and total amount of additional equity in the house. All closings under The Seller Finance Program are completed through a local licensed real estate attorney.
Well, If I Have A Mortgage Already, I Can’t Get A Second One For A New Place…
That is completely FALSE! Mortgage acceptance is based on Debt – to – Income Ratio. Since HD Property Team is paying your current mortgage, it allows you to go out and get a second loan with no additional hassle.
How long will the mortgage remain in my name?
The mortgage will remain in the name of the seller until the balance is paid off in full.
But What If Your Company Does Not Pay?
HD Property Team always pays and pays on time. However, if HD Property Team did not uphold its end of the loan, you would get the deed back to the place, keep our down payment, keep our monthly payments, and keep and any renovations done to the property. HD Property Team has everything to lose and you have everything to gain in this situation.
Is this legal?
Yes, on line 203 of the HUD statement (document provided when a home is bought/sold) there is a line option that indicates a property is being sold ‘subject to existing financing’. This is exactly what occurs when selling property using this option. We are keeping your current mortgage in place and making the payments on your behalf.
Is this the best option for me?
This option typically works best for a seller who:
*Wants for asking value of their property
*Renters who are tired of dealing with tenants and want to continue to get cash flow with no work at all.
*Needs to sell and does not have another property to roll the equity into or know how they would spend a cash offer.
*May have little to no equity in the property and is unable to sell through a realtor.
*Has a mortgaged property they no longer wish to keep.
*May be experiencing a financial hardship/health concern which impacts them from keeping the loan payments current.
*Has equity, but needs to sell quickly due to relocation, military orders, or other reasons.
Who handles maintenance and repairs on the property?
HD Property Team will be responsible for all maintenance and repairs on the property.
Are there any out of pocket expenses for me to sell my home using this option?
No, our company covers all expenses related to closing the transaction.
Do I need to clean out the property or make any repairs/updates before the property is sold?
No, our company will purchase the property in as-is condition.
Contact us today to get your offer!
Get An Offer Today, Sell In A Matter Of Days...
Selling Your Charleston Home Can Be A Quick And Easy Process
HD Property Team buys houses in and around Charleston (and other areas too!). We’re not listing your house… we’re actually the ones buying your home. Because we pay cash / seller finance and because we are buying your Charleston home directly, we’re able to close quickly… or on your schedule.
Like we’ve mentioned, when you work with us there are no fees and no commissions… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs, having to come out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is).
Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.
What does “as-is” mean?
We buy your Charleston home in as-is condition… meaning you don’t have to worry about doing repairs, fixing your home up, or getting it ready for showings. We’ll handle all repairs, inspections, etc. after we purchase your home. We’ll factor this into our offer, of course, but it saves you the money and the headache associated with getting your home ready to sell.
What does “all-cash offer” mean?
All cash means exactly that – all cash! Because we are real estate investors who are purchasing your home directly, we don’t rely on traditional financing like retail homebuyers. When you sell to us, there’s no risk of financing falling through or closing being delayed. When we make you an offer, that’s the full amount you’ll receive if you sell us your Charleston home.
How “fast” is a “fast closing?”
After you send us information about your home, we can make you a no-obligation, fair-cash or seller finance offer in as little as 24 hours. After that, we can close at a local, reputable title company in as little as 7 days. Compare that to the 30+ days it can take to close when listing your house the traditional way, and the benefits are obvious!
What if I don’t need a “fast closing?”
At HD Property Team, we work on your time frame. If you don’t need a fast closing due to the need to make arrangements, explore your future options, etc – we can schedule the closing on the day that works best for you!
Will I get a low-ball offer?
Our goal is to provide you with the most fair offer possible. Unlike other buyers or the big tech giants, we’re transparent with how we arrive at an offer amount. What we offer is based on what the value of the property may be once we make the necessary improvements and upgrades. We’re entirely transparent with this offer process and happy to walk you through how it works.
Is this even legit?
Yes – the real estate industry is rapidly changing, and thousands of Americans are exploring their options when it comes to selling their house the fastest, easiest, and most transparent way. That’s where we come in. We offer an alternative for those who may not have the time or ability to list their house on the market for top dollar. We’ll work with you to assess your situation, make you a transparent all-cash or seller finance offer and close on your timeline.