Frequently Asked Questions
General questions about our company, service, and properties we offer on this website:
- How is your company different from a traditional real estate company?
- Why are the properties discounted so much on this site? Wouldn’t you just keep the best deals for yourself?
- How are the properties on this site different from ones I’d find on the MLS?
- Can I use bank financing to buy these properties?
- How do I make an offer on a property?
- How often do you add new investment properties in Maryland, DC, & Virginia to the site and VIP Buyers List?
- Do you charge any fees to buy or sell a home?
Q: How is your company different from a traditional real estate company?
A: Great question. Our company actually goes out and purchases properties that homeowners need to sell. They could be in foreclosure, or the owner just needs to sell. We’re not representing the owner as an agent. Once we buy a property, we then remodel it or turn around and sell it to another investor who will fix it up.
Q: Why are the properties discounted so much on this site? Wouldn’t you just keep the best deals for yourself?
A: You’ll find investment properties on this site discounted 20-50% because of our proprietary marketing systems that get in touch with home owners who are needing to sell their property + we buy at foreclosure auctions and from banks. Often times they may be in foreclosure and our company can help them out by buying their house quickly for cash… which is a win-win. Then, we pass the discount along to you.
Q: How are the properties on this site different from ones I’d find on the MLS?
A: Most properties you’ll find on our site are ones that you’ll never find on the MLS. The MLS is the “Multiple Listing Service” which is where real estate agents list properties for sale. We work directly with the home owners because many times we’re able to help them solve their problem more quickly and cheaper than listing it on the MLS.
Q: Can I use bank financing to buy these properties?
A: We tend to work with people looking for investment properties who are paying cash and who can close quickly. However, if you are pre-approved with a bank and can close quickly… we’ll consider all offers. If you need financing to buy a property you see on our site, contact us today and we can connect you with lenders that we recommend and have worked with before.
Q: How do I make an offer on a property?
A: Simple, head over to our Contact Us page and send us an email or give us a call. We take offers first come first serve… and telephone tends to be the quickest. Once you connect with us and you want to purchase the property, we’ll require a earnest deposit to secure your offer on that property. We’ll answer any of your questions so you feel 100% comfortable and confident in your decisions.
Q: How often do you add new investment properties in Maryland, DC, & Virginia to the site and VIP Buyers List?
A: We’re always sourcing new investment properties… and add new properties to this site on a continual basis. So, check back often as our properties tend to sell very very quickly.
Q: Do you charge any fees to buy or sell a home?
A: We don’t charge home owners any fees to help them find a solution. We purchase properties at win-win price. When you buy an investment property from us, we buy the property at a steep discount, add on our property acquisition fee which is our profit for finding and negotiating the deal… and you pay a still deeply discounted price. A win-win for all.
Q: Why should I sell to a cash buyer versus selling with a Realtor?
You’ve made the decision to sell your property. The next step is to choose how to go about getting it sold. Most Realtors will seek to list your property at the highest price they can in hopes of a obtaining the highest commission. This sounds great until, you examine the possible pitfalls. If your property is overpriced, it may sit on the market for 6 months. During that period you as the owner are still responsible for upkeep, maintenance, utilities, mortgage payments, insurance, and other potential headaches. All of these headaches can be gone if you choose to sell your house fast with Beltway Home Buyer.
Many owners don’t know that if a property remains vacant for over 30 days, the insurance can lapse and your coverage can be dropped. Now you run the chance of having to foot the repair bill is something breaks or is damaged. We’ve worked with sellers in the past whose property was broken into and the copper piping and wiring was stolen and when they went to file a claim learned their property’s insurance had lapsed due to vacancy. Don’t allow yourself to have this happen, at minimum call your insurance company and find a solution to this.
Next, assuming you have a buyer interested in your property who makes an acceptable offer, you can begin to move towards closing. If you are living in your property you’ll have to arrange a rent-back situation, or find temporary housing, if you need the money from the sale to buy your new home. The buyer will choose the date of closing and you will be at their mercy to obtain qualified financing. Additionally, the appraisal may come back under the contract price and the buyer would have to come to settlement with additional money out of pocket. How many buyers getting financing to buy a home have extra money set aside for these types of emergencies? You may have to lower your contract price to get to closing. You’ll also be held hostage by the finance bank that will be providing your buyer their loan. If they have any issues, it’s you that’ll have to continue caring for the property.
Once closing day arrives, you’ll be paying your Realtor and your buyer’s Realtor up to 6% of the sale price. You may also be giving the buyer closing help to the tune of thousands of dollars. There is an easier way to sell your property fast.
Start to finish you will be involved for months in the sale of your property.
We have helped many sellers in similar situations find a much easier solution. We have closed on the day the seller wanted. We have paid for moving expenses. We have arranged for properties to be cleaned out with items donated to charity and churches. Sellers obtain a fair price offer for their property in its current condition. They haven’t had to make any repairs. No insurance issues. No paying two mortgages, draining your hard earned savings. Many sellers have recommended Beltway Home Buyer to friends and family. Tim, Ed, & Beth have provided outstanding customer service to many sellers and created win-win solutions to their housing problems.
Give us a call today 443-295-3856 to talk about possible solutions to your housing problem. We can’t guarantee you’ll decide to sell to us, but we can promise we will listen and offer the best solution for you and your situation.
If you have a question or just want to talk and get advice, use the chat bar at the bottom of this page. We look forward to helping you sell your house quickly.