When faced with the need to sell a distressed property, the process may seem overwhelming. At Lone Star Investment Properties, we strive to simplify the process for homeowners, turning a difficult situation into a manageable one. This blog post outlines the process we use when buying distressed properties from homeowners like you.

Understanding Distressed Properties:

A distressed property is typically one that is under foreclosure or where the owner is in arrears on mortgage payments. However, it could also be a property that is in a state of disrepair and the owner cannot afford or choose not to make the necessary renovations.

Here is our simple, step-by-step process:

  1. Reach Out to Us: The first step is reaching out to us, either by phone, email or through our website. We’ll ask for basic information about your property and the situation you’re facing.
  2. Property Evaluation: After understanding your situation, our team will conduct a quick evaluation of your property. This assessment involves checking the condition of the property and its location, which helps us to make a fair offer.
  3. Cash Offer: Upon the property evaluation, we will present you with an all-cash offer. This offer will take into account the current state of the property, the market value of similar properties, and the cost of any necessary repairs or improvements.
  4. Review & Acceptance: Take your time to review our offer. If you decide to proceed, we’ll move forward with the process. If our offer doesn’t work for you, there’s no obligation to accept.
  5. Closing: Once you accept the offer, we’ll work to close the deal quickly. We work with a reputable local title company to handle the closing and ensure everything is done correctly. The timeline for this can be as little as a week, but we can adjust it to fit your needs.
  6. Moving Forward: After closing, you’ll receive your cash, and we’ll take over the property ‘as-is.’ You can move forward, free from the burden of a distressed property.

Benefits of Selling to Us:

  • Quick Sale: We buy houses directly with cash, which eliminates the need for traditional bank financing and speeds up the sale process.
  • No Repairs Needed: We buy properties ‘as-is,’ which means you don’t have to worry about repairing or cleaning up your property. We take care of it after closing.
  • No Commissions or Fees: Unlike selling through a realtor, when you sell to us, you won’t pay commissions or fees. This means more cash in your pocket.

Selling a distressed property doesn’t have to be complicated. Our process is designed to provide a quick, simple, and stress-free solution. If you have any questions or if you’re ready to start the process, don’t hesitate to reach out to us at Lone Star Investment Properties.