❓❔Frequently Asked Questions❔❓
What if I'm behind on mortgage payments or in foreclosure? Will you still buy my home?
Of course we can! We have dealt with several homeowners who have gotten behind on their mortgage payments and a lot that were already in foreclosure. Allow us to help point you in the right direction and stop your home from financially crushing you. Your current situation does not have to be your final destination. Let us come by today to take a look and see what we can offer you. Click on "BUY MY HOUSE" NOW to get started!
PCSing soon and want to buy a house?
People's ADE understands that the time provided for house hunting when PCSing is limited. Go to our home page, Click on "LOOKING FOR MY NEW HOME" and fill out the form on that page ahead of time. Then Click on the link below NOW to be the first to view what's available. Once you find what you like, contact us! We'll make sure that when you come to town, you're new home is ready for you to view! Thank you for your service!
What is the first step in buying a home?
The first step in the home buying process is getting a pre-approved for a mortgage.
A pre-approval will provide a clear picture of what is financially required. It lets you know how much you can borrow as well as how much is needed for the down-payment and closing costs. This narrows down home searching to suitable properties, and not wasting time considering homes that are not within your budget. We all know how easy it is to fall in love with a home. Let's be sure we are in the market for it!
Most importantly, being pre-approved for a mortgage shows that you are a serious buyer! Click on the link below NOW to be the first to view what's available!
How quickly can I close when buying a home from People's ADE R.E.I.?
Each closing is unique to the parties involved. If you are a cash buyer, then you can close as soon as the title clears on the property.
If you are going through a mortgage company, the average escrow period is 30 days. This gives you enough time to complete your due diligence, obtain all inspections, and do a thorough investigation on the property to get your loan completed.
Here are a few tricks to ensuring the quickest closing time with a mortgage company:
- GET A PRE-APPROVAL
- Ask your lender ahead of time what documentation they will need from you.
- Have your W-2s and tax returns from the last two years ready and available along with your two most recent pay wage statements and last 6 months of bank statements.
- Be honest and open with your lender as they will verify everything you provide and everything you tell them. Remember, your lender wants the deal just as much as you do!
What steps do I need to take for you to come look at my home? Do I need to make any repairs?
There is absolutely nothing you need to do. We don't want you to have to make any repairs or even clean the property. We'll take care of that for you! We purchase properties AS-IS. We are a residential redevelopment company and we take pride in revitalizing homes to suit the market and bring value to your neighborhood so the repairs are on us! Let us come by today to take a look and see what we can offer you. Click on "BUY MY HOUSE" NOW to get started!
What is my home worth?
There are several methods that can determine the value of a home. An internet website is not one of them. To ensure the highest value, we obtain an in depth evaluation of the homes sold within the last 6-8 months within a specific mile radius of your home. We also obtain a Market Analysis on your property based on, but not limited to, the following:
- Square Footage; Number of bedrooms; Number of bathrooms; Upgrades to kitchen and bathrooms; Flooring Type; Window quality; Roof age; Lot features; Location: primary or neighborhood street?; Style of residence; and the necessary upgrades.
Click on "BUY MY HOUSE" NOW to get started!
What should I expect at closing?
According to Forbes Real Estate Council:
"After everything is checked off the list and closing time arrives, you will first need to verify that the homeowner’s insurance premium is paid. Take this documentation to present to the real estate closing agent along with the paid receipt. The seller will provide the home inspection and home warranty paperwork. In most cases, the buyer is responsible for the lender’s closing costs (unless there has been another agreement made in the contract between the seller and buyer). These costs include property taxes, interest, origination, survey or recording fees and title insurance."
