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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 » Financing Options » Shop for a Loan

Shop for a Loan

Updated on 2024-04-23 | Written by AgentImage

Financing OptionsShop for a LoanKnow the NumbersGet Pre-ApprovedApplications & ProcessingFunding

How to Find a Lender

Today, lenders can be found through a variety of sources. In addition to calling on ads in the newspaper, you can also find and apply to lenders over the internet, and through referrals from your REALTOR. We would be happy to suggest lenders we have used successfully, who have proven themselves competitive and capable even with problem properties or poor credit.

Choosing the Right Lender

Interview several lenders to evaluate the following:

  • Ability to explain things clearly and return your phone calls in a reasonable time period
  • Competitiveness of interest rates, costs & fees.
  • Availability of loan programs that suit your credit profile and desired property
  • Access to local loan approval committee that understands the kind of property you are buying

Choosing the Right Kind of Loan

Today there are so many types of loans on the market that it is beyond the scope of this page to list or explain them all. Your lender is the best person to help you select a loan program to suit your needs. Below is a summary of the three most popular loan types we see in practice; for more detailed information click the link at the end of this page.

  1. Fixed loan: The fixed rate loan assures your monthly payments will stay the same over the life of the loan, which is typically between 15 and 30 years. Fixed rate loans may be best if you intend to hold the property for a long period of time, say over 7 years.
  2. ARMs (adjustable rate mortgages): ARM’s may be suitable if you plan to sell or refinance your home within the next few years. The starting interest rate is typically lower than a fixed rate loan, saving you money initially. However, it is important to understand the index, the readjustment interval, the capitalization rate and downside risks of an ARM before making a final decision to use this type of loan.
  3. Intermediate ARMs: Also called Hybrid Loans, these loans can offer fixed interest rates for the first 3, 5, 7 or 10 years after which the interest rate adjusts with the market every 6 months or year thereafter.

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550FASTP.O. Box 1931 Monument, CO 80132 | 855-550-FAST (3278)
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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.