Once you have found the property you wish to purchase, contact us and we will collect a few details from you. We will then send you a reservation form that includes our standard terms and conditions which will need to be signed and returned to us.
To secure the property, a deposit of $4,000 is paid to us and held in a fully secure escrow until closing. Upon receipt, an independent property inspection will be arranged by us on the property. Should you not want to complete on this particular property after the inspection report, then your deposit will be fully transfered to another more suitable property of your choosing.
The Title company will verify there are no encumbrances such as hidden debts, liens, or back taxes on the property. Once completed, you will receive your closing documents. This will be sent via email and will include a document called the HUD Statement, giving you a complete breakdown of the closing costs for the property. You will need to sign and return the documents along with the final payment. Once both documents are received by the Title company they can schedule the closing
We highly recommend after the signing of the deeds is complete and you are now the legal owner, that you get your property insurance in place. If your property is not tenanted at the time of purchase, we can recommend an excellent local Property Management company to assist you in finding great tenants.