Frequently Asked Questions
If you’re dealing with real estate yourself, and you are looking for a no-hassle way to sell that doesn’t involve commissions, repairs and endless property showings, then you’ve come to the right place.
Here, our SeniorMoves.org expert Nancy Conrad answers the most-asked questions from people she works with who want to know how the SeniorMoves.org Home Buyout Program works, and how it’s is different from marketing a house with a real estate agent.
When seniors find themselves needing to move or downsize because of a health issue or change in circumstance, listing with an agent isn’t always an option.
Basically, your agent is not going to make your payments, fix up your house, or take responsibilities for upkeep while you’re trying to sell. That’s exactly what some sellers need, right?
Nancy Conrad has been buying real estate for many years and works with a team of folks specializing in helping retirees and seniors who are making a change in residence. She is based in Phoenix, Arizona, but can help you with any property throughout the United States.
How much do you charge?
Zero. Zip. Nada. There is no fee to the home seller for what we do.
How does working with the Program work?
We’ve made it easy. To get an offer, all you have to do is submit some basic information on the website submission form. Once you hit SUBMIT, your info will be sent (privately!) to us by email. You’ll get a call to chat about your home and your situation just as soon as we’ve had a chance to review. Working with the SeniorMoves Home Buyout Program is easy, low pressure, and is guaranteed to be a quick and easy way to sell your house without endless showings, talking with bunches of people and taking phone calls that waste your time.
Do you pay fair market value? Do you use an appraisal? How do you determine the price you're willing to pay?
Yes. Market values are set by reviewing comparable local sales, the condition of the home, cost of any repairs and all the things we need to do to make the house attractive to our buyers. (We love that part!) That helps us determine the best price we can pay to you. We’ve been at this a while, we understand the market, and we’ve been able to put together win-win outcomes for everyone concerned.
I see a lot of We Buy Houses signs along the road. Looks sketchy. How do I know this is legit?
Yup, some of them actually are legit, but you can’t tell by looking at them because they are so ugly! They are an inexpensive way for newbie investors to connect with buyers. We don’t use them. Further, we always close our transactions with an attorney or a title or escrow company that is subject to state, federal and local regulations for real estate. It’s the same process used by real estate agents, except without the fees.
Does it matter if I have a Realtor?
It could. We save seniors by avoiding agent commissions when we buy, and if your agreement with your agent doesn’t include your ability to sell the home yourself to a buyer they did not find for you, then you may need to cancel your listing agreement. We love agents, though, and we have agents on our team to help us sell homes that we’ve purchased.
Do you only buy houses? Or will you buy condos, mobile homes or other types of properties?
Houses are the most popular with our buyers, but we buy all types of real estate, including multi family. We’ll even occasionally buy raw land.
What if I have my property rented?
That shouldn’t be a problem! We’ll want to see your rental agreement since that will stay in place even after you’ve sold. If it’s a family member, we can take care of making arrangements with them so you don’t have to. This situation often happens when a generous senior citizen allows younger family members to move in for no or low cost, but they can no longer afford the arrangement. No worries! We’ve got it handled.
What if I am behind on payments?
It’s not always a problem, as long as the home isn’t facing immediate foreclosure – and even then, we’ve been able to solve that problem. If you owe more than the home is worth we have ways of avoiding a short sale that can keep your credit from being hurt. We can’t save every house from foreclosure, but we have lots of solutions to put to work that may help you.
Do I have to make repairs on my property?
No, we’re happy to take on a home in its current condition. You’re off the hook for spending any money on rehabs or staging, since that’s what we’ll take care of for you.
Are you a licensed real estate agent?
I’m not working as an agent – but we have licensed real estate agents on our team for situations that call for help from an agent. We often work with agents when we sell to a new buyer. We’re not looking to list your home and make a commission; we help people by buying their property in a timely fashion or using one of our unique program offerings to create a secure and safe income source from property owned by a senior.
What does it mean that you're a SeniorMoves.org verified vendor?
SeniorMoves.org is an organization that helps seniors who are downsizing or need to move because of changing needs. The organization certifies and verifies vendors who are only approved if they operate by their high standards.
People over 55 may need help with moving, making arrangements, and setting up a new household designed to fit their changing needs. Senior Move Managers are specially trained to work with this age group.