The home buying process can be convoluted and time consuming. However, when you buy a home from a family member, this process is often simplified greatly, as negotiating and bidding will likely be minimal. This simplification can cause people to naturally assume that everything proceeded correctly, without going through proper legal channels or filing paperwork. This is what happened to Jeff, who found himself in a dilapidating home with a faulty deed in Fort Dupont Park in Washington DC.
He couldn’t afford to fix up the property.
Because the deed to the home was done incorrectly, it prevented Jeff from being able to take out a mortgage to help pay for the house. The property was in rough shape, but because he was now paying out of pocket simply to continue to live there, he didn’t have the spare money needed to make any repairs or renovations. This, in turn, would hamper his ability to sell the home on the open market, leaving him with very few options.
That’s when Jeff saw our ads on TV. He gave us a call, and explained how he wanted to sell his home quickly but didn’t have the time and money to fix it up. So, after hearing our initial offer, he agreed and had us fax him the contract to go over with his uncle.
We were unaware of the faulty deed at this point.
After sending the contract, Jeff fell out of contact. We attempted to reach him numerous times, but were hearing nothing back. Finally, a few weeks later, he called and said that he was ready to settle.
This is when we discovered that the deed was done incorrectly. Fortunately for Jeff, this was not a deal-breaker, only a slight delay. We had our legal staff go back and correct the deed, at no cost to the seller. Once the deed was corrected and the contract ratified, we finally closed the deal on Jeff’s home and he was free to move on.
We’ve dealt with nearly all situations when buying a home.
Does your home lack the proper paperwork to sell? We’ll work with you to fix it. Is your house in need of repairs that you simply can’t afford? We handle the repairs at no cost to you. We here at Express Homebuyers want to take the burden off your mind, and we’ll buy your home in just 7 days! If you want to sell your home fast in DC, MD, or VA, then call us today at (877) 804-5252!