Success! 🎉 We're looking to see if your property qualifies for offers.
In the next 24 hours, we will notify you with a clear “yes” or “no” as to whether your property fits the “buy box” for our 30+ hedge fund partners. If our answer is “yes,” one of our specialists will then contact you to begin the offer process.
Investors, add us to your buyers list!
We make it easy for you. Email us all your newest deals and we’ll let you know which ones fit the buy box.Â
Next Steps
The OfferQuick.com process from start-to-finish
Step 1: Find out if you qualify for offers.
Each fund has a different buy box, or criteria, for properties they acquire. Using the information you just provided, we’ll determine if your property fits the buy box for at least one fund that we work with. You should receive an email with that information by the end of the business day.Â
Step 2: Connect with a specialist.
Once we’ve qualified your property, we’ll have one of our specialists reach out and gather a bit more information regarding the condition of your property and your closing timeframe.
Step 3: Get a 24-hour predictive price range.
Once we’ve connected with you, we’ll submit the property for underwriting and get back to you with a predictive price range. This range represents where our funds are most likely to offer. Sometimes offers come in a little higher or lower, however, based on our extensive experience, we are very accurate.Â
Step 4: Begin fielding offers from 30+ iBuyers.
If the price range makes sense to you, we’ll create a custom property package, send it to the funds your property qualifies for, and begin relaying offers to you.Â
Step 5: Pick an offer you like and go under contract.
Once all offers are presented or there is an offer that you would like to accept, we’ll go under contract. Our transactions team will then work diligently to schedule an inspection (if requested), get EMD deposited, and open escrow.
Step 6: Sign closing docs and close!
Our transactions team will continue supporting you, and the closing attorney/title company, all the way to closing day. Now it’s time for us to close out the transaction and for you to get paid!
Selling your home is a big deal, you need a reputable and established company like OfferQuick.com
Ask around, OfferQuick.com is certainly not new to the real estate space. What have we mastered in all this time? The ability to provide an enterprise-level process, with small-business service!
Acquisitions FAQ
If you have further questions regarding acquisitions, please email us at info@offerquick.com!
Do funds buy full gut rehabs?
What is your buy box?
How do funds determine their offer?
Target markets?
Will hedge funds pay assignments?
Do you need photos to make an offer?
Do funds buy full gut rehabs?
Our funds are successfully completing hundreds of transactions every month. They prefer light to medium level rehabs so they can purchase, rehab, rent, and move onto the next property as quickly as possible. Full gut rehabs are not within their scope of work. Now, “full gut rehabs” are subjective so we encourage you to submit your property for a definite answer within a few hours.Â
What is your buy box?
We have an interactive buy box located on our website. This map has all of the markets our funds are purchasing in and the property criteria needed in each market. It’s also available in a PDF version.
How do funds determine their offer?
Hedge funds use data points such as the age, condition, and location of your house as well as rental projections and local housing data to determine an offer. Thankfully, with our extensive experience working with our funds and an in-house underwriting team, we give you a predictive and accurate range of where they’ll offer within 24 hours.Â
Target markets?
Within our interactive map, there are “hot zip codes” where we have ten or more funds actively acquiring properties. These are considered target markets/zip codes but they will purchase in any areas shaded in black.Â
Will hedge funds pay assignments?
Yes, our funds pay assignment fees. Some companies have an assignment fee cap, however, with our strong relationships there are no caps on assignment fees!
Do you need photos to make an offer?
In order to make a firm offer, we need interior photos of the property. This is essential to calculate rehab estimates, market rent, etc.
Transactions FAQ
If you have further questions regarding acquisitions, please email us at info@offerquick.com!
How fast can you close?
Do you charge a fee?
Who coordinates closing documents?
Earnest money?
Who chooses the title company?
Do funds need an inspection period?
How fast can you close?
Our funds can close in as little as 21 days. If you or your clients need more time to move, we can adjust the closing date for as long as you need.Â
Do you charge a fee?
The buyers pay our fee so any offer that gets presented to you is NET. That also means we don’t get paid until the deal closes! With that being said, we see offers come slightly lower than retail value. Our funds typically pay more than local investors, however, they still need to make a return on their capital.Â
Who coordinates closing documents?
We have in-house closing coordinators who work with the selected closing attorney and/or title company to ensure a smooth closing.
Earnest money?
Our funds place earnest money on all properties they seek to acquire. Earnest money will be placed with the closing attorney and/or title company that is completing the transaction.Â
Who chooses the title company?
Typically, the closing attorney and/or title company is flexible. Some funds are more strict with who they use, however, this has never held up a closing.
Do funds need an inspection period?
If the fund does not inspect the property pre-contract, they may require an inspection period. This is to keep both parties safe from any surprises regarding the condition of the home.Â
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