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Our Mission

It is our mission at 550-FAST Home Buyers to achieve win-win transactions with every homeowner looking to sell their house quickly. It is our goal to make you a fair cash offer for your property so that you can move on in your life without having to worry about the details and common concerns of selling a property.

“Our fair offer allows you to sell your house ‘as is’ and close on the date of your choice”

What Exactly is a FAIR OFFER?

In order to understand what a fair offer is you must understand the common expenses of a real estate transaction. There is a difference between what price you are offered and what you “take home.” If you are selling your home and are offered 200,000.00 for your house you can be sure that what you clear is considerably less. When we make you an offer it is a NET offer. This way you know what you will be taking home from the closing table.

You Pay NO Realtor Expenses

When you sell a property with a real estate agent, there is a 6% of the sales price that is paid to the buying and selling side agents. So if you were to sell a home for 200,000 that is a 12,000 commission that is paid at the time of closing. Our offers do not include real estate agents so you do NOT have to worry about real estate fees.

You Pay NO Closing Costs

When we buy your house you will not have to pay our closing costs in order for us to enter into an agreement. It is now customary for sellers to pay the closing cost of the buyer as well sellers title insurance and other seller closing costs associated with a conventional real estate transaction. This can be anywhere from 3-4%. So in the example of the 200,000 purchase price this translates to another $6,000.00 to $8,000.00. Our net offers INCLUDE paying for all of the closing costs.

You Make NO Repairs

Once you enter into a real estate contract the next step is to schedule a home inspection. In this home inspection the inspector goes through your house with a fine tooth comb. It is the goal of the inspector to point out any items whether major or minor to the potential buyer. The buyer will then ask the seller to fix these items or walk away altogether. It is not uncommon for the checklist of the home inspector to cost anywhere from 2-10,000 to fix depending upon what he finds. Our offer to you is “AS-IS” so that means you do NOT have to FIX A THING.

You Have NO Long Closing Time Frames

One aspect of selling your property is the closing date. Conventional real estate transactions can take anywhere from 30-60 days to get to the closing table. The reason the long time frame is needed is because your potential buyer is getting financing. During this time you still are responsible for mortgage payments, taxes and insurance. It is also a possibility that the financing could fall through and leave you back where you started. Our offers are CASH so we can close in as little as 7 days if necessary.

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Home » Before You Try To Flip A House, Make Sure You Know These Nine TV-Inspired Myths

Before You Try To Flip A House, Make Sure You Know These Nine TV-Inspired Myths

Flip a House

Reality TV shows like to focus on the fun and drama of the moment. Shows about house flipping are no different. Depending on the format of the show, participants typically get a chance to look at a pool of houses, agonize over their choices or construction needs, and then try to sell the final product for more than their purchase price.

While these series show a part of what’s going on, it’s not the full story by any stretch, no more than someone watching a forensics show would have a deep understanding on how to find or handle physical evidence. To help prevent misunderstandings of how things work, below, members from the Forbes Real Estate Council talk about some of the myths that come from house-flipping reality shows, and why those myths can leave you struggling. Read more on what they said and should you have any questions or interest in selling your house fast for cash, do not hesitate to reach out and get in touch with our company 550-Fast.

1. It’s Easy To Find Properties

Having worked with several “flipping” shows, the part I see that is nearly always glossed over is how difficult (and expensive) it is for investors to locate the properties they buy. Professional real estate investors spend $5,000 to $50,000-plus per month in advertising to find motivated home sellers who want to sell quickly, and that cost is rarely taken into account on these shows. – Jeremy Brandt,

2. Flipping Is Easy Money

That flipping is easy money. Many investors lose their shorts because they misjudged costs or the length of time they will have to hold prior to a sale. You make your money when you buy, and in today’s times, you can protect 5-6% of your profits by negotiating the agent’s fees way down. – Joshua Hunt, TRELORA

3. Projections Are Not Profits

Reality TV shows for flipping houses love to highlight the before and after pictures, and then discuss what sort of profit may be made on the home. However, in the real world, there are so many twists and turns between acquisition and resale that effect the bottom line. So many “laymen” seem to think all investors are making huge profits on every property, which is not a true reflection of the business. – Tracy Royce, Royce of Real Estate

4. A Pool Of Three Choices Is All You Need

Making a decision to purchase a fixer-upper from a pool of three opportunities is unrealistic and unwise. To truly understand local market dynamics and conditions, velocity of listed homes and renovation budgets, a new investor must look at a minimum of 75-100 properties. Education is the name of the game here: The more you know, the better your decision making, and the more money you make. – Abhi Golhar, Summit & Crowne

5. People Will ‘Get Rich Quick’

One of the biggest myths about house flipping and becoming a fix and flip investor is that you can “get rich quick.” House flipping takes hard work, determination, self-education and due diligence. Big money is made by slowly increasing your expertise, tolerance for risk and comfort level. Don’t go too fast and don’t bite off more than you can chew. Invest diligently and make sure you are familiar with the area and market rates. – Alex Chieng, A & L Real Estate Team

6. Things Happen Fast

Reality flip shows make the purchase, transformation and sale of a home seem like it happens in a few weeks’ time. I guess it would be boring to watch the permit approval process, engineer drawings, inspections, insurance, how they are financing the deal and the fact that many investors have to hold the property for 90 days due to the 90 day flip rule, but that is the reality. – Hillary Hobson, Highest Cash Offer

7. Any Work Will Add Value To A Home

Homeowners, please stop watching these “reality” shows that make you believe you are adding value to your home by tearing it down to the stubs and rebuilding it. I see this on a daily basis: Sellers thinking their home value increased because they remodeled their kitchen, or added a $20,000 closet, or enclosed a sunroom. Let a professional help you determine the true value of your home. – Angela Yaun, Day Realty Group

8. House-flipping Is All About Construction

House-flipping shows make it seem as though all the work lies in the construction, leaving out the building codes, zoning rules, permits and approvals governing what you’re allowed to build. Understanding these complicated regulations can be time-consuming and expensive, and requires its own expertise. In many cities, regulations can be so restrictive making it difficult to build anything at all. – Ben Miller, Fundrise

9. There Are Only Two Parties Involved

These shows glamorize only two of the three parties involved in a home-flip: The happy buyer and a cash-hungry flipper. The original seller is absent from the narrative. By ignoring the home’s first owner, these shows hide the fact that someone is losing money on the flip. In a flip, the original homeowner is robbed of a model that provides them with a guaranteed sale at a fair-market price.


Faqs Popup

Is there any risk, obligation or charge?

You have no obligation risk when selling to us. We will (at no charge, fee or commission) present you with a positive solution, agreeable for both of us.

How long may it take to close once I sign the agreement?

The closing date depends upon your unique situation, but in most cases we can close in ten days or less, it is up to you when we close. Just let our team know your date of choice and we will do our best to accommodate your request. Normally it takes the local title company a few weeks to process all of required paperwork. We do our best to work with your unique situation and timeline.

What if there are liens, taxes or judgements that need to be paid before I can sell my house and I'm unable to pay them?

If there are liens or judgements that you are unable to pay, just inform a member of our team in the initial consultation and we will work with you to try and figure out a solution. In many cases these fees can be take out your process at the time of sale.

When you say you pay cash, do you really hand me cash?

All real estate transactions have to be recorded by either the title company or a real estate lawyer. We handle the process from the time you sign the contract to the closing date. You will have the option of picking up your check at the local title company that handled the transaction or we can have the check couriered by a mobile notary to your home, or the title company can wire the funds directly to your account.

How do you calculate your offers?

Our team calculates a fair cash offer based on the market condition of your property (including any repairs that need to be made), and what the comparable properties are selling for in the area. A member of our acquisitions team will be assigned to your file and we will walk through the offer with you prior to sending it.