Frequently Asked Questions
General
A QuickSale℠ can fall under any of the various stages of distress. These properties are typically those which we can deliver with a clear title! Prior to being placed online these properties must meet certain criteria that will allow them to sell and close in record time.
QuickSale℠ properties are often bank- or lender-owned homes that have been through the foreclosure process. We also work directly with highly motivated homeowners who are either facing foreclosure or who may have been denied a loan modification. Often times, we are even able to delay a foreclosure because the property is in the QuickSale℠ program!
We have an experienced and talented team of liquidation experts who work direct with lenders and other portfolio owners nationwide to negotiate the very lowest home prices, reducing their growing inventories and ultimately the cost you pay at the closing table. Put simply, we strike the very best deals on your behalf -- it's common to purchase QuickSale℠ properties for 50 cents on the dollar ... HALF PRICE!
Properties owned by individual homeowners are valued based upon a Broker's Price Opinion conducted by either the listing agent or one of our national property valuation partners.
QuickSale℠ properties are fresh. Very little time elapses from when we negotiate the sale prices to when we list them on our Web site. And properties are only available for about 14 days after that, meaning that the values are very current, and more than likely, much less than anything else you will find on the market.
Yes! We encourage you to visit QuickSale℠ properties to be certain that you bid with total confidence. That's the reason we hold at least two open houses for every QuickSale℠ property. In addition, we staff the open houses with qualified, helpful and knowledgeable real estate agents who know the local markets like the back of their hands.
Of course! However, no work can commence and no improvements (if desired) can be made until the closing is complete. The good news is that QuickSale℠ property transactions can be wrapped up in as few as 30 days, which includes the 14-day feature on our Web site.
QuickSale℠ Process
Pen, paper, camera and questions! We encourage you to take lots of notes and ask the QuickSale℠ agent as many questions as necessary - this is possibly the investment of a lifetime and it is critical that you don't leave the property with any open-ended thoughts. In addition, bring a camera and take numerous photos so that you can refer to them when making your decision.
A sealed bid is the best offer that you submit on a QuickSale℠ property through our automated system during the 14-day bidding process. This offer is not made available to the general public. In fact, the QuickSale℠ agent who submits the bid on your behalf is the only individual who is aware of the actual figure. Once the bidding process is over, however, all sealed bids are opened, reviewed and properties are awarded to the highest bidders.
None! That's because we have QuickSale℠ agents who take you by the hand and help you navigate the entire process, from answering all your questions to submitting your sealed bid, to watching you sign the papers at the closing table. Our professionals are there to help every step of the way.
Yes, registration is required prior to attending open houses and/or submitting bids on QuickSale
℠ properties. The good news is that registration is fast, easy and free. To register today simply
click here.
Yes, our QuickSale℠ agents are prepared to work alongside your real estate agent or broker to ensure that you are comfortable with the purchase process. Your agent will need to register in order to place a bid on your behalf.
Absolutely! There are so many amazing real estate deals in the QuickSale℠ funnel that sometimes it is difficult to choose just one.
The buyer's premium is a standard practice used to help defray QuickSale℠ costs without having to pass on all of those costs to the seller.
This is a small initial deposit that QuickSale℠ property homebuyers make to demonstrate that they are serious about buying the house.
No, the QuickSale℠ agreements are not assignable. The person who registers for the QuickSale℠ and submits the bid is responsible for purchasing the property, which includes executing all the necessary documents, if he or she is deemed the winner.
We do not recommend it, but the short answer is yes. However, when you submit the earnest money deposit, it is your promise to us and the other bidders that you are serious about purchasing the QuickSale℠ property. Therefore, the earnest money deposit is non-refundable, meaning that if you back out of the deal after being declared the winner, then you will forfeit your earnest money deposit.
Title
The best part about QuickSale℠ properties is that we are able to deliver them ALL with clean titles. We handle all of the difficult behind-the-scenes work with the lenders and possible lien holders, ensuring that when a QuickSale℠ is available to bid on it is totally free of any and all encumbrances. Bid with confidence.
No, the properties are free and clear of any encumbrances or liens. Rest assured that when you submit a sealed bid on a QuickSale℠ that we are prepared to close as soon as a winner is determined. This is only possible if we are able to deliver headache-free homes.
The QuickSale℠ process is designed to be ... quick. Our team works with local title companies to ensure the fastest closings possible. At closing, and upon payment of the purchase price and closing costs, you will receive insurable title vested as you designated to the closing agent. Please review the purchase agreement for additional information.
Finance
QuickSale℠ is not a mortgage lender and as such does not provide financing. The good news is that our team is comprised of seasoned real estate and mortgage industry "veterans" and we are more than happy to assist you with any questions about the latest financing trends.
Yes! We encourage you to find and use your own lender to underwrite the loan - you are not locked in to using any one service provider. We simply provide you with the best options available to make the QuickSale℠ process that much more convenient and cost effective.
There's no need to pay 100 percent cash (even though QuickSale℠ homes can be purchased with cash) or huge upfront sums. However, if you have the financial means to do so we will gladly accept cash payment from a winning bidder.