1. How does your program work?
2. Why should I sell my house to you for cash when my realtor's
promising me that he or she can get me so much more?
3. There are lots of people who advertise that they will
pay cash for our house. What is so special about The Intercoastal Investment
Trust?
4. Can you come out to see my house today?
5. My house is not in perfect condition, is that ok?
6. Is there a fee to work with The Intercoastal Investment
Trust?
7. How quickly can you settle?
8. When will I get my money?
9. How long does the settlement take?
10. What does paying all settlement costs mean and what
does it include?
11. Do you actually pay cash?
12. What title company do you use?
13. Where does the settlement take place?
14. Is there any type of inspection that will need
to be done?
15. If I have tenants, can they stay?
16. Will you offer me the same as the assessed value?
17. When do I need to be out of the property?
18. In what areas do you purchase?
19. What do you do with the properties after you purchase
them?
1. How does your program work?
With over 30 years of experience in buying residential properties we have developed a unique approach that is quick, easy and friendly and will give you the answers and peace of mind you seek. Once we have your address, we search the public records to determine what other properties have sold on your block and what they have sold for. We then ask you some simple questions about the current condition of your home. Then we give you a free price range estimate over the phone. If this estimate is acceptable to you we will come and see your house that same day, Monday through Saturday, or at your convenience. The quicker we get to you, the quicker we can settle, and the quicker you'll have peace of mind. Back to top ^
2. Why should I sell my house to you for cash when my realtor’s
promising me that he or she can get me so much more?
When you are ready to sell, would you rather have cash or a “promise”? Pardon our skepticism, but real estate agents are in the business of getting listings. In our experience, we’ve noticed that most agents will promise you a higher price just to get your listing. This “listing” doesn’t sell your home! When you call us, we’re the actual buyer! We are not a realtor, so you pay us no commission. In fact, we will pay ALL settlement costs, and take your property as-is. No fix-ups, clean-ups, no fuss. You can even leave whatever personal property you want in the house and we’ll take care of disposing it for you.
There is one exception: If your house doesn’t need any repairs and is in “ready to move in condition” (let’s tell the truth, most houses aren’t!) then you will get more money by selling your home to another homeowner than you will from us. After all, we’re not going to live in the house. Our business is to buy homes where the seller would rather not go through the hassle and sometimes very long process of listing the home, having people ring the bell at all hours and tramp through the house with no certainty that these buyers have been qualified and no certainty that the loans will ever settle. Back to top ^
3. There are lots of people who advertise that they will
pay cash for our house. What is so special about The Intercoastal
Investment Trust?
This is one of our favorite questions. There are many reasons why we are the largest and oldest investor group in our area. With even a little research, you will learn very quickly that there are lots of people who have taken “get rich quick” real estate courses to find out how to take advantage of the real estate market. These people are NOT professionals and have no passion or concern for you, your home or your interests.
For example, if someone is offering to buy your home, they ought to be able to prove that they have the cash to do so. You should always ask for a “proof of funds” letter, which we are glad to provide to qualified sellers.
While we don’t claim to be the only people in the business, we do claim to be one of the few qualified, professional real estate purchasers who can really back up what we say. We will make the process easy for you, legal, and bankable. We mean what we say. Back to top ^
4. Can you come out to see my house today?
Yes, we would be pleased to. Generally speaking we don’t like to
work on Sundays. That is our day of rest, but just about any other day,
during the day, morning or evening, is fine with us. Back
to top ^
5. My house is not in perfect condition, is that ok?
Of course it is. As a matter of fact, if it were in perfect condition you would get more from a homeowner than you would from us, provided you had the time and the patience to put it on the market and go through the arduous journey of finding an agent you like who would qualify the potential purchasers before they came in, and had what it takes to get the potential buyer through the approval process. Back to top ^
6. Is there a fee to work with the Intercoastal Investment
Trust?
Absolutely none. We are your buyer. We’re the person who saves you the trouble of listing your property and having people walk through and be unqualified to even be walking through, the people whose loans fall through last minute. None of that happens when you deal with Intercoastal. We are cash buyers. You get a check from our settlement attorney at settlement. Back to top ^
7. How quickly can you settle?
We are proud of the fact that we can settle quickly. We have been able to do some settlements in as little as seven days. But some sellers would like a little more time. It could be up to 90 or 120 days or more if you need. Whatever is most convenient to you. Back to top ^
At settlement. You will leave with your check. Back to top ^
9.How long will settlement take?
Fifteen to Thirty Minutes. Back to top ^
10. What does paying all settlement costs mean and what does it include?
It includes ALL the costs associated with the transfer. The attorneys fees, the title work, the lien certificate, etc. and we pay the total bill on the transfer tax and stamps. Back to top ^
Well, would you like to leave settlement with cash? Are you sure you would like to carry that amount of large bills around! Most people wouldn’t. By cash we mean we don’t need to be approved for a loan. You get a check from our settlement attorney rather than having to go through the discomfort of carrying cash around. Back to top ^
12. What title company do you use?
We use All-Star Settlement Company and their attorneys do the settlement at our office at your convenience. Back to top ^
13. Where does the settlement take place?
At our offices at 1010 Park Avenue, Suite 100. You leave
with a check made payable to you directly from our settlement attorneys.
Back to top ^
14. Is there any type of inspection that will need to be done?
There are no formal inspections done. With thirty years
of experience we trust ourselves to determine the condition of the property.
No termite reports, no radon reports, no lead paint reports, none. What
we see is what we get. Back to top ^
15. If I have tenants, can they stay?
Of course they can stay, provided they are current with
their rent and they are good housekeepers. But don’t forget we are
paying you based on existing value. If the house is worth more vacant
than with the tenants, which would you prefer, more cash, or less cash
because the house is only worth to us what the income produces since you
are requiring that the tenants stay? Back
to top ^
16. Will you offer me the same as the assessed value?
Maybe yes, Maybe no. Appraised value has nothing to do with market value. Sometimes they are close to the same, sometimes they are very far apart. Each situation is different. Back to top ^
17. When do I need to be out of the property?
Whenever you’d like and we will settle the day you leave.
Back to top ^
18. In what areas do you purchase?
We purchase properties in many of the counties in Maryland and some in Delaware and New Jersey. Back to top ^
19. What do you do with the properties after you purchase
them?
The answer to this question is determined by the percentage of homeowners on the block and in the neighborhood of the property that we are purchasing from you. For higher percentages of homeowners we upgrade and/or renovate those properties and offer them to first time homebuyers. For properties in neighborhoods with lower percentages of homeowners, those properties are sold to other investors who in turn fix them up and sell them to homeowners or in most cases keep them for rental. However, in all cases, we are the buyer. Our purchase of your property takes place regardless of what we intend to do with the property after sale. There are no loan contingencies in any of our contracts. We pay you cash, all settlement costs and take your property in its current (“as-is”) condition. Back to top ^
