Frequently Asked Questions
1. How do you value my house?
Ans:- First, we determine the top market value of your property if it were repaired to the best possible condition. Market value is the most probable price that a property should bring in a competitive and open market, where the buyer and seller are both motivated and a reasonable time is allowed for exposure in the open market.
Market value is determined by comparing your property to similar houses in the same area that have sold within recent months. It is not based on the current list price of similar houses—only the sold values. We take into consideration the condition of the house, the cost of necessary repairs, and any encumbrances or obstacles to clearing the title.
2. Do I have to fix anything around my house?
Ans:- No. You do not have to fix a thing when you sell your house fast to TKF Acquisitions Group. Your property is purchased in “as-is” condition.
3. How do I get paid? Who pays off my mortgage when I sell my house?
Ans:- Once closed you can collect the funds in one of two ways:
- Using a certified bank check
- Direct wired into your bank account
The title company will issue funds directly to you at closing. The title company will also payoff off any mortgages, taxes owed homeowners association fees and any other items that are due.
4. Can I sell my house even if I owe taxes/mortgages?
Ans:- Yes. TKF Acquisitions Group and the title company work together to order payoffs for any debt owed and those final payoffs are made from your total proceeds at closing. Sometimes sellers ask: “should I pay off my mortgage/ pay off my taxes before we close?” and our advice is to wait and allow the title company to handle all of the final settlement costs. The title company needs the release of the lien and proof of payment for all debt to insure the title. It’s often faster to let the escrow company handle these payoffs – this way the title company knows the debts have been paid and we don’t have to wait for the releases to come in before closing.
5. How fast is the whole process?
Ans:- The whole process takes between 10 to 30 days from contract to closing, depending on the status of the title and the terms of the offer. At TKF Acquisitions Group we can accommodate your specific needs – just let our representative know how we can best serve you.
6. Do I get paid upfront or do I wait until we close?
Ans:-Funds are dispersed at the closing. TKF Acquisitions Group must obtain a clear title from the title company and then we schedule the closing. In some cases, we can offer an advance, depending on the status of the title and your specific circumstances.
7. Do I have to clean my house out?
Ans:- We have several resources that can clean out, pack, and even move your belongings! We do ask that you work with us to make arrangements for these services at the beginning of the process, that way we can make preparations accordingly. Depending on the service a charge may apply at the lowest possible cost.
8. When do I have to move?
Ans:- Once we can set a date for closing you will know the exact date to schedule your move. Closing is when the final papers are signed, you receive your money, and when ownership transfers out of your hands. By this time, the house should be empty and vacant unless we make other arrangements based on your specific needs. We begin the process of repairs and maintenance on the property immediately after closing and anything left behind will be donated to charity or disposed of.
9. What if I need more time to move?
Ans:- The closing date is flexible most of the time. If we sign a contract and you need several months to prepare for your move we are willing to work with you. There is NO PRESSURE from us to close by any particular date and we will accommodate your needs to the best of our ability. Also, we may be able to lease the property back to you after closing for a short time.