Real Estate Agent vs Investor: How It Works in Denver CO

All right, hey everyone, it’s Adam with adambuysdenverco.com. In this video, I want to clarify how it works when you sell your house to an investor because a lot of people Misconstrue or just don’t understand that you can sell a house to a real estate, a homebuyer like myself without needing a real estate agent.

So it’s very simple. It’s really standard. If you think about it, basically what happens is. If you were to call me right now or submit a form on my website, I’m going look at the house, make sure it meets my criteria, because I don’t buy anything that’s a million dollars and above.

An evaluation or anything. I’m not going buy anything in Aspen, Colorado as an investment. I’m not gonna buy anything in Globeville. There’s certain areas I’m not going buy in that just don’t fit my criteria, I’ll make sure it fits my criteria, it’s an area I want to buy in and I’ll give you a call and basically we’ll just see where your situation is, what are you looking for the house, see if it’s worth both of our time for us to meet at the house and if it is, I come meet you at the house and when I meet you at the house, the main purpose of that is to get a scope of work, verify condition of the house and then come up with a final offer.

I have to see the house, cause I have a lot of sellers that will contact me and I’ll say, all right when can I see the house? And they’ll say, Oh, I was just curious. Why do you have to see the house? I just want an offer. And that’s already, I’ve been in this business 11 years. I’m one of the best salespeople in Colorado period.

I know what that really means. That means you have no intention of selling to me or selling at all and you just want a free evaluation because you have a whole different intention. You haven’t made the decision to sell your house. So it’s just common sense. Like you had to go look at the house when you bought it.

I have to go look at the house when I buy it. That way I know what I’m offering. If I don’t see it, I don’t know what to offer. I can’t, I don’t know how old those photos are that you sent. I don’t know what’s going on. I have to see the house. And so I, after I see the house, if you accept the offer.

We draft a purchase and sales agreement at my attorney. I use the state approved the contract I could even include a real estate agent that I’ll pay their commission to represent me if you truly Need that if you truly need it if you need me to include a real estate agent just to even beyond make sure Everything is above board.

I can do that too or my real estate attorney that I pay To verify that yes, this is a true contract. This is, it protects me and you. That’s why I used the state approved one. Because there’s provisions in there that protect both the buyer and seller to make sure that we both perform on getting the house sold.

That I’m gonna buy it and I’m gonna make promise that I’m buying it and that you’re gonna make promise that you’re selling to me. That you’re not just gonna back out. That, that we’re gonna actually have a deal done. And then after that goes to title and escrow. So title and escrow are two different things.

Escrow is where funds are held, and title is the transference of a deed to another person. So they have to make sure that all taxes, mortgages, and liens, and encumbrances are verified to see what your net proceeds are going to be after selling the house. And then, verifying that I actually have the money, that I actually put the money in an escrow account, I actually have earnest money deposited in, and that I actually am going to buy the house with the legitimate LLC that I own that can really buy the house.

They have to verify all that. This stuff isn’t done over a kitchen table. This stuff is done at an actual office where They have to follow the stuff with the county and the government, it’s like you can’t just buy and sell a house at a kitchen table without doing any of this.

So they have to do all their magic. And then we set up a definite closing date. And then boom, you get a check for the agreed upon price. The difference in the proceeds for that check is whatever amount you owed on again, taxes, liens, mortgages, whatever is owed associated with that property. It has to get paid before you get your proceeds of the difference on what the offer was minus all those expenses.

And then that’s it! And then boom! You don’t own the house anymore. I own it now. And then we stay in touch as friends, hopefully, or you just, we just go our separate ways. Boom. Done deal. And that’s really how simple it is. There’s no, it’s just, it’s interesting because whenever I tell homeowners.

Look, the reason why we can close quickly is because whenever I make an offer to buy a house, I know the risk associated with what I’m doing. I’m not going to ask you for concessions on repairs. I’m not going to ask you to, I’m not looking for perfection. Imperfection is what I actually look for in a house.

Because I can hire contractors to do any kind of work. You can make anything. Think about it. If you can have a new build house, come on. You think I’m afraid of a house that has fire damage or even a house that has just carpet and paint that needs work. All that matters is it does this house make sense to give me a return.

And if it does awesome. And if the offer makes sense, awesome. That’s it. It doesn’t have to be any complicated, more complicated than that. If anyone tells you that. The process for buying and selling a house is different than what I just explained. It’s not, it’s just, that’s what as far as working with an investor, if I’m buying your house directly, a real estate agent is a completely different story.

If you’re looking to sell a house fast in Denver, you found a willing and ready buyer right here on this site! Simply contact us by filling out the form here or give us a call at 303-997-2045.