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Do you own a vacant property?
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Frequently Asked Questions  

 

Q: What kinds of homes are you looking for?

A: I buy all sorts of homes: vacant homes that need repair, nice family homes, townhouses, and condos. For the most part I focus on homes within the Tampa Bay area. I do network with other investors from around the country, though. If you have a home that is outside my coverage area I will be glad to refer you to one of our contacts in the area in which you home is located. Just fill out the Personal Response Form.

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Q: What do you do with homes when you buy them?

A: I specialize in selling nice homes in nice areas with owner financing or on a rent-to-own basis. From time to time I will buy a property that is a major "rehab project." With this type of home, I fix them up to sell traditionally. I also sell these homes to other investors to fix and/or rent out. 

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Q: I don't have any equity in my home, can you still buy it?

A: Yes! In many instances, I can buy your home for what you owe. I run into lots of homeowners who don't have much equity in their homes. When you lack equity because you haven't lived in your home long, or because you have refinanced in the past, it can make it hard to sell your home traditionally... you may even have to pay cash out of your own pocket to cover your realtor's commissions! If you are tired of not getting any calls from your FSBO ads or showing strangers through your home, maybe selling to me would be a better option; especially if you need to move in the near future. Please get in touch with me and I'll be glad to talk with you about your situation.

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Q: I am behind on payments and the bank is threatening to foreclose! I don't want to have a foreclosure on my credit. What should I do?

A: When you start to get behind on your payments, your options get more and more limited the longer you wait. Don't delay any further. Call me today at 813-282-3567 so I can talk about possible solutions. Depending on your situation, I may be able to help you keep your house or help you sell it quickly before you lose everything at the courthouse steps. Foreclosure is a serious matter and it doesn't usually get better with time. Call me today or fill out the Personal Response Form so I can help you lift this weight off your shoulders right away.

Also, you can get the free "How to Stop Foreclosure" report.

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Q: I've heard investors won't give you a fair price. Is that true?

A: No. The truth is, I am in this business to make a profit, but I do that by creating win-win situations.  If I were out to "steal" people's houses, I would not buy many homes.  Our solutions are not right for everyone, but if your house is vacant, torn up by tenants, or needs to be sold quickly due to financial distress, I am certainly a viable option.

If you want an all-cash sale, I will probably need to get a discount on your property, but if you can agree to be a little bit patient for your money, I can often agree on your full asking price! Generally, I try to buy houses at reasonable prices and I make my money by adding value to the home.  This value might come from fix-up and repairs, attractive financing, or simply appreciation of the property over time.  

I won't know if I can buy your property until I take a look at it, but if you would like one or more reasonable offers this week, it doesn't hurt to give me a call.  When you call me, there is no obligation, commission or fees.

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Q: Won't I make more money by selling through a realtor?

A: Maybe, maybe not. Though listing your home with a realtor may be a great option in certain instances, some folks overlook the Realtor's commission that must be paid with the sale of a house. For example, if you have a house that you listed with a Realtor for $159,000 and sold for $150,000, the average commission (7%) that you would pay between the buyer's agent and listing agent is $10,500 (150,000 x 7%). Wow, that's a lot of money lost--You net just $139,500 and don't forget about closing costs!  

Of course with me, there are no commissions or fees.  If the house is vacant, don't forget to add in the extra expense of paying the mortgage for 6 months while you wait for the realtor to sell your home. 

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Q: Will you pay me a finder's fee if I refer a friend who needs to sell their home?

A: Yes, I pay a finders fee for any property that you refer to me and I end up buying. Please see my Finders Fee page for details.

Get $500 if you send me a house to buy!

 

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Q: I have a question that is not answered on this page. What should I do?

A: Please call for a fast reply with your question and I will help you directly.

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If you are thinking of selling your house and want to learn more without risk,
you can always call me directly at (813) 282-3567


Florida Foreclosure Law

Foreclosure Laws By State
HUD Housing Counseling Debt Management

The New Bankruptcy Law 5 tips for coping with the new bankruptcy law Rx for the newly unemployed

Credit Matters

Credit Bureaus

Mortgage Calculators

Consumer Credit Counseling Service

The National Foundation for Credit Counseling

Experian

Equifax

TransUnion

Mortgage-Calc.com

Bankrate.com

Closing Costs Calculator

Site Map Personal Response

Stop Foreclosure

Sell Your Tampa Bay House - www.XtremeHomeBuyer.com
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