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1. Selling to Property Nation - What You Need to Know?

We know home buying and the real estate industry very well.

Our home buying process is truly the best in the business because we know what sellers need, and we know the fastest process to make it all happen smoothly.

It doesn’t matter if you need repair work or if the house needs to be cleaned. It doesn’t even matter if it needs major renovations.

Has a realtor told you the house is impossible to sell due to probate problems, liens, or other common setbacks? No worries, we can handle it!

We take care of the hassle and all the details. Our job is to provide a fast and fair cash offer for your home or condemned building in Miami, Broward County, Georgia, so you can move on, regardless of your current situation.

Surely, you’ve seen a bunch of similar websites, or gotten some mailers from other companies claiming they will buy your house for cash, and that you can sell your house fast to them. 

2. How does this whole “we buy houses cash” process REALLY work? Is it really that simple?

Well, in short, yes, selling your home in Florida, South Carolina, Georgia, or anywhere in the USA fast for cash is a very simple and easy process – For us at Property Nation, it’s a little different story. There’s a lot of work that goes on behind the scenes to ensure a smooth home selling experience for you.

Keep in mind that selling your home fast for cash may not always be a solution for you. Please keep reading below to fully understand how the process works in order to make an educated decision when it comes to selling your property. Not everyone has the same situation and we’re proud and happy to work with people from all walks of life and multiple situations in their lives.

And keep in mind…

We’re not listing your house… we’re actually the ones buying your house. Because we pay cash, we’re able to close quickly… or on your schedule. Like we’ve mentioned, when you work with us there are no fees… like there are when you list your house with an agent.

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!).

Here’s a quick video Federica made to explain the home buying process “in a nutshell”.

3. What info will you need from me?

Should you decide to reach out to us at Property Nation, what happens next? If you contact us during business hours (9:00 a.m. – 6:00 p.m. or anytime!), one of our home buying experts (you can see who they are here) will either pick up the call, text, or call you right back.

This call only takes a few minutes and we will ask you a few basic questions about your property you are interested in selling, listen to your needs, answer any questions you may have, and offer our best advice to assist you in your home selling journey, even if that means we’re not the best option for you.  

4. Do I get my cash offer right away on the phone?

The short answer is no… We do not give the quick offers on the spot over the phone. However, we can provide you a ballpark range of where our offer will most likely be at. 

Why not? I know other “we buy houses” companies give an offer right away over the phone, or promise to give you a cash offer for your home within 7 minutes!

Be worried if a company does that.  The issue with that is that most of these companies will just give you an inflated offer, try to tie you down in a contract, and then use an “inspection report” to ask you for a big price reduction at the end of their inspection period. This tactic used A LOT of times by many investors in our market, and don’t agree with it as it doesn’t align with our mission to be transparent and honest. 

The Property Nation Difference. That’s why…

When you call us, our home buying experts will just get the basic info from you, to make sure that working with us is truly a good fit. We will be honest with you from the get-go. If you feel that the options we have available are adequate, our home buying experts will schedule an offer appointment for you with one of our experienced Acquisition Managers. Prior to the appointment, we will do a thorough research on the property so that we can give you the highest and best offer, tailored to your specific needs!

5. How do I know you’re not going to make me a lowball offer?

Fair question!  It’s in our best interest to make you a good offer that you are happy with because that’s how we stay in business. It needs to be a win/win situation for both of us.  No rational person would accept a ridiculous lowball offer, so it wouldn’t make sense for us to make you one, right? Our business is buying houses (or condos, townhomes, etc.), and we can’t buy houses if our offers don’t get accepted. Plain and simple. 🙂

One thing to keep in mind is that we have several different options as far as what type of offer we can make you. If you choose the fast cash offer for your home, our offer will be fair, but it will not be “full market value”. However, we’ve made our business as efficient as possible so that we can afford to make higher cash offers compared to other home buyers.

6. Can you explain the difference between selling with you guys and selling with a realtor?

Even in a seller’s market like Miami or Fort Lauderdale, it’s smart to look at your options and see what will actually help you best reach your goals with the sale of your house. While you may be able to get a higher “top line” sales price listing with a local agent, that doesn’t always boil down to more money in your pocket or less headache. We get into this difference between selling a home with us and selling a house with a realtor below.  But if you are more of a video person, here’s another quick Federica video.

7. Do you provide other options or only cash offers?

Great question. In the beginning, we used to only offer cash for properties with the intention of renovating them and reselling. However, over the years, we’ve developed our team and capabilities to be able to serve more homeowners in a variety of different situations. We’re now able to help you even if you are not in a rush to sell, but prefer to get more for your home vs. a discounted cash offer.

Below is a short summary of our main offer “packages”. We do have additional options that are not listed below. If you have more questions about any of these options, or how we can help with your unique situation, our home buying experts will be happy to answer them when you call or submit your information on one of the webforms on this page.

8. How is your offer calculated and how do you guys make money?

Your property is carefully evaluated by Property Nation’s home buying experts who specialize in your local market. We provide customers with a data-focused offer on their property. 

After our evaluation, the offer is based on 4 factors.

1

The After Repair Value (ARV) of the Property

After we're done fixing, renovating, and working our magic, the ARV is the value of the property in the open market. This is based on local comparable sales that have sold fully renovated.

2

Cost of Renovations or Cost of Repairs (COR)

When improving a property’s value, we need to make repairs and bring the property up to date. This can include floors, paint, appliances, cabinets, countertops, fixtures, bathrooms, and others repairs to make a property like new. This cost is what makes the COR after we buy it from you..

3

Selling Costs

Yes there are costs involved. BUT NOT FOR YOU. When we go to sell the property after upgrades, fixes, and renovations, there will be costs associated with the sale. Although you do not pay any commissions or fees when you sell to us, when we resell the property, we will have to pay those as well as taxes, holding costs, insurance, HOA fees, etc. Our selling costs usually come up to about 10% of the resale price, or the ARV.

4

Our Minimum Profit

Please understand, this is a business after all and making a profit is necessary in order to stay in business, support our families, employees, and contractors 🙂. However, we try to keep our profit to a minimum to be able to pay as much as possible for your property.

9. How it all boils down...the formula?

After Repair Value (ARV) – (Renovation Costs + Our Selling Costs + Our Minimum Profit) = Our Cash Offer

Practical example:
Let’s say the After Repair Value (ARV) of your property is $200,000 after it has been renovated and looks like a brand new house.

Now, suppose the property needs $30,000 worth of repairs and fixes, our offer would be calculated like this:

$200,000 – ($30,000 in repairs + $20,000 in selling costs + $30,000 minimum profit) = Our cash offer would be $120,000.

And that’s how Property Nation calculates our offers!

We try to make you the best offer, while still making a profit. No matter what situation you are facing, we want to work with you to make the best offer for you and your family. Most of the people we work with select us instead of a real estate agent due to the hassle-free process and certainty of a cash offer. See our reviews and testimonials to see what others are saying about working with us. Keep reading below for a comparison chart on working with us and working with a realtor.

10. Are there any fees or commissions when you buy my house?

There are never any fees or commissions when we buy your home.

11. Can you still buy my house if I am in foreclosure?

You have two options when facing foreclosure. If your house still has some equity in it and you are simply just falling behind on the payments we can give you an offer that will cover the mortgage and also put some money in your pocket.

If you’re upside down on your mortgage and you owe more on the mortgage than your house is worth then your only option to avoid foreclosure is doing a short sale. We have expert short sale negotiators on our team that are ready to help you get through this difficult process.

12. How long will it take to get an offer on my house?

Once you give us a call or submit your info through this website, you will receive a call from someone on our team within a few mins, to collect some information and we can make you an offer on the spot.

13. Do you buy houses that need major repairs?

Absolutely! We buy houses in any condition.

14. What happens after we agree on a price to buy my house?

Once we both agree on a price to buy your home, we move immediately to the closing process. The title company receives the paperwork and then they start a lien search on the property. This lien search is done to find a complete history and record on the property, which includes any outstanding mortgages, liens or violations. Once this lien search is complete, we are ready to close so you can receive your cash in hand.

15. How are you different from real estate agents?

Realtors are interested in listing your property on the market to see if they can probably find a qualified buyer within 3 to 6 months. This is a precious time that you may not want to waste, hoping that a buyer comes along with the right offer. We buy properties cash and do NOT require approvals to qualify for a loan to buy your house. Secondly, with a realtor, you can expect to pay 6% of the sale price in commissions and spend money making the necessary repairs to show the property to several interested buyers. With us, there are never any commissions or need to make repairs.

16. Do you buy apartments or condos?

No, unfortunately, we do not buy apartments or condos.

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