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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 » Distressed Homes for Sale for Home Buying Companies

We Offer Distressed Homes for Sale in Colorado!

Home Buying CompaniesAs active fix and flip investors, we take pride in being a professional house flipping company. We buy distressed homes for sale in Colorado Springs and renovate them to sell. We also offer these distressed properties for sale as is to fellow companies to renovate themselves. If you are interested in joining the industry of home buying companies to flip properties but do not know where to start, you have come to the right place. We have a number of un-remodeled houses for sale for you to choose from to get your business rolling. What we typically find is that business sell properties with very little margin or supporting comparable sales. Therefore, we look through hundreds of properties before we find one that meets our criteria of having comparable properties to support the price. Some people may find themselves in a bind and need to get their property off their hands stat! We aim to buy and sell homes fast, it’s in our name! Whether you are a wholesale buyer searching to purchase distressed homes for sale in Colorado or an individual looking to buy the renovated property we have flipped, we offer the properties anyone is looking for!  At 550Fast, we deliver properties that are truly below market. The definition of “below market” is subjective, however. If you ask ten different investors, you’ll get ten different answers.

Here’s how we define “Below Market”:

  1. Must have 3 “sold” comps that are within a one-mile radius of the subject property. The 3 comps must be within ~200 square feet +/- of the subject’s living space.
  2. 2. Subject property must be at least 20% below the average of the 3 sold comps. It isn’t easy to find these types of properties. Our company spends thousands of dollars on marketing and countless hours searching for deals that meet this criteria so we can buy houses for cash that meet our standards.

INSTRUCTIONS FOR SUBMITTING AN OFFER TO OUR HOUSE FLIPPING COMPANY:

1. Download the Contract Package

 

Download Now

 

2. Fax or Email Your Offer

Please fax or email your offer to 877.204-0244 or you can email it to craigdillion(at)550-Fast(dotted)com.

 

3. Deposit Earnest Money Below

$2,500 non-refundable earnest money deposit is required for your offer and contract to be complete. Earnest Money is only refundable if clear title cannot be provided. You may wire or drop off funds to:

Heritage Title Company
Attn: Tami Thomas
1150 Kelly Johnson Boulevard
Colorado Springs, CO 80920
Phone: 719.592.9933

Unless your offer is all cash, you’ll need to be approved with a hard money lender and submit proof of funds or approval letter with the offer. Once you have completed the contract and addendum, please fax them back to 855.550.3278.

To view the distressed homes we have for sale in the Colorado Springs area, please contact the office at 855-550-3278 to make arrangements to obtain access.

Most of our houses we buy for cash are sold very quickly to home buying companies looking to renovate. We do, however, take backup contracts. Because of the deep discounted prices we have negotiated on, the properties we re-sell to investors, and the small margins we work off of, we are unable to negotiate on the prices offered. We provide real values and discounted prices on the wholesale properties we offer.

We will be glad to refer any contractors, appraisers, attorneys, property managers, etc.. if we are aware of any in the area of the property, you must interview them and make your own decision about relying on their information or services. We highly recommend getting detailed descriptions in writing with any vendor used.

As a company that specializes in flipping houses fast, it is extremely important for you to close on the anticipated closing date in your contract to avoid penalties. We take each and every offer very seriously and strive to provide a wide selection of distressed homes for sale in Colorado to help others succeed.

ALL OFFERS ARE SUBJECT TO PRIOR SALES AND WITHDRAWALS.

“I have nothing but GREAT things to say about this company. The quality of work and character of the owners is 2nd to none! They have done countless transformations on houses bringing life back into them as they create homes and bring value to neighborhoods. They recently bought a house I lived in previously and transformed it completely. I was very impressed. Very easy to work with, honest, creative and genuine! You cant go wrong with 550Fast!!!!!!”

“I have nothing but GREAT things to say about this company. The quality of work and character of the owners is 2nd to none! They have done countless transformations on houses bringing life back into them as they create homes and bring value to neighborhoods. They recently bought a house I lived in previously and transformed it completely. I was very impressed. Very easy to work with, honest, creative and genuine! You cant go wrong with 550Fast!!!!!!”

550Fast

, Nov,25 2018
Customer review on Google My Business



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.