“I Need to Sell My Home -- Yesterday!”
AlleWest is dedicated to providing solutions to your real estate problems. Homeowners don’t want their property to languish on the open market for a long period of time: It depletes valuable cash reserves, increases personal stress, and can lead some sellers to make rash sales decisions when they feel pressured and out of viable options. If you need to sell your home, yesterday or tomorrow, you have valuable options available to you. AlleWest offers three different programs to help you: The “Pass the Buyer” Program
A new and innovative approach to the real estate investment market, this wildly successful program was developed by one of AlleWest’s affiliated investment groups. Company founder Jim Dralle lectures frequently on this investment strategy, as he had the unique opportunity to be the first person in the United States to pilot this program and demonstrate how truly effective it could be. AlleWest can sell your house by presenting you with one of our “Qualified Buyers”: Members of our national mortgage team evaluate every potential homebuyer that enrolls in our program. Through this process, AlleWest can formally determine the monthly payments and the price range of homes our buyers can afford. Quite simply, AlleWest will “Pass the Buyer” to you. In this scenario, we will help you negotiate and secure a fair-market sale of your home, with all the sales contracts between you and our buyer. AlleWest will handle all the paperwork and closing details, and all at NO COST to you. This is a great program for landlords who need to quickly fill a vacant rental home, or sellers whose homes are languishing on the open market: AlleWest maintains a great “tenant buyer” list, and we know we have someone on our roster who will be able to purchase your home at the end of the contract. An AlleWest “tenant buyer” is a person who will purchase your home outright within a three to twenty-four month timeframe. In the interim, the tenant buyer will pay you a pre-determined monthly fee. The positive advantages of tenant buyers are numerous: - From the onset of the process, tenant buyers are focused on home ownership. They have met with our mortgage team, know what type of house they can afford and the associated monthly payments, and when they will qualify for a mortgage.
- AlleWest’s tenant buyers will treat your property as their own personal home, not an anonymous rental property. As they are financially and emotionally invested in the process, they will take exceptional care of the home, as in the near-distant future, it will be their own.
- Tenant buyers are responsible for the upkeep of the home, so you are not the maintenance team or the landlord. You are in fact the bank.
- In dealing with tenant buyers, you will maintain significant financial control of the property, as they will be contractually obligated to a strict and timely payment schedule.
The “Land Contract” Program The main difference between the “Pass the Buyer” program and a “Land Contract” is that the contract of sale will be between AlleWest and you: Our organization will be responsible for placing qualified tenant buyers in the home and ensuring timely payments on the property. If any problems arise, AlleWest is responsible for making the monthly payments and/or replacing the tenant buyers. “Land Contracts” offer a great solution for people who own their homes but are relocating out of town, or for people who simply want to remove themselves from the process entirely. All investors have a specialty -- AlleWest focuses on its tenant buyers. To do that well, we have a constant stream of buyers coming into our system who not only want to purchase a home, but also can afford to purchase a home in our specific “Rent-to-Own” Buyer Plan. There are a few different ways to structure a deal like this, but in the most common situation AlleWest will locate a pre-qualified tenant buyer, help you negotiate and secure a fair-market monthly payment and final sale price of your home, and handle all sales contracts and closing details between you, AlleWest and our buyer. Once complete, AlleWest begins making the monthly payments on your property, and all at NO COST to you. Key benefits to you in our “Land Contract” Program include: - Without agency commissions, and a sales contract structured on your behalf, more money stays in your pocket.
- Depending on your current mortgage, you may experience a positive monthly profit on your property (if your monthly payment is $1,200 and AlleWest negotiates a $1,450 rental, that entire $250 profit goes right back to you).
- As your monthly mortgage payments will always be made in a timely fashion, you may add valuable points to your current credit score (especially if late payments have been an issue in the past).
- AlleWest structures the mortgage payment process to keep you “in the loop” at all times: You will receive monthly confirmation that your property is being taken care of and that payments have been made, as a copy of your mortgage statement will still be sent to you for added assurance.
The “Fast Cash Sale” For a wide variety of personal and financial reasons, there are times when a person needs to sell their home immediately, to close the deal quickly and is willing to sell their home for a minimum of 20% below current market value. In an AlleWest “Fast Cash Sale,” we will immediately broadcast information about your property to our national real estate investor database. As your property will be priced below market value, it generally proves to be an attractive investment to the majority of our members, and your home will sell quickly. To be quite frank, “Fast Cash Sales” are by far NOT AlleWest’s favorite deals to structure: Even though we connect you with legitimate investors who chose to assume significant risk(s) by purchasing your property in rapid turnaround times and often “site unseen,” you are most probably breaking even (at best) by selling your property for well-under current market value. Furthermore, AlleWest does not want to be associated or confused with less-than-reputable companies that offer to “Buy Your House for Cash” or “Quick Close on Your Home Today,” or realtors in sluggish markets who offer to buy your house if they cannot sell it. In the end, these companies will simply offer the only solution they can, which is to make an extremely lowball offer on your home. Please don’t misunderstand: A “Fast Cash Sale” can prove to be an excellent solution for some homeowners, and AlleWest will gladly guide you through the process. Bottom line, it is AlleWest’s mission to ensure that you as the consumer are aware of ALL options available to you: Our team will work closely with you to determine which one of our programs will serve YOU best, not the one that is most convenient or easy for us to finalize.
“But I Just Want to Sell My Home and Move On”
When we meet with our clients with a “problem property” for the first time, almost every single one of them wants to sell their home outright in a conventional manner and move forward with their lives. By the time our clients reach out to us, their “problem property” has drained them emotionally and financially: They are aggravated, frustrated, tired and vulnerable, and their current property has become the root of all evil – and represents a personal hell from which they want to sever all ties. But set aside the negative emotional toll for just one moment, and let’s objectively review two of the most common situations AlleWest sees, and how selling your property “on terms” to our tenant buyers could alleviate your problems: I) YOU ARE CURRENTLY WORKING WITH A REALTOR, and have your home listed for $200,000. If your home sold tomorrow and you scored your full asking price, you would lose $10,000 (5%) to your realtor in agency commissions. Now let’s be a bit more realistic and say your realtor secured a buyer for you within three months at your full asking price: You still payout the $10,000 agency commission, but now need to calculate the three months the house sat on the market and you had to pay your mortgage and utility bills. Dollar by dollar, the profit margin on your final house sale decreased due to holding costs and agency commissions (and just think how much worse it would be if you had to increasingly lower your asking price to make your home more attractive to prospective buyers in a slow market)? II) YOU ARE CURRENTLY TRYING TO SELL YOUR HOUSE ON YOUR OWN, either because you were originally working with a realtor and the home did not sell, or you feel confident you can sell your property yourself, and you want to avoid paying a realtor’s commission altogether. As a FSBO (For Sale by Owner), you are doing all of the work: Prepping your house, writing sales ads, sticking signs in the ground, answering phones calls, preparing contracts and essentially allowing total strangers to walk through your home. And your probability of success, statistically, is bleak: On a national level, more than 85% of all “For Sale by Owner” homes will not sell, and of the 15% that do, most sell at 15-20% below other comparable properties. And it gets worse: Many of AlleWest’s FSBO clients tell us they received multiple offers to purchase their homes, but time after time, the buyers did not qualify for financing, lied about their employment backgrounds, bounced checks for earnest money, and in the final days and weeks before the closing either crashed the deal, or simply disappeared. And when each deal failed to close (after lengthy stalling and delays), the sellers had to start the process all over again. And all the while, they continued to pay their mortgage and utilities, and had invested time and money in the sales process.
Selling Your Home “On Terms” to a Tenant Buyer
So based on either of the situations above, AlleWest would propose selling your home “on terms:” We would place a pre-qualified tenant buyer in your property who would make your monthly payments for twelve months, and at the end of that time period, the tenant buyer would purchase your home for a final, guaranteed sale price of $200,000. Furthermore, AlleWest could help negotiate a monthly “rental price” that is more than your current mortgage payment, putting even a little more money back in your pocket. Even if you are about to go into foreclosure, AlleWest can still sell your property on terms. While it is almost never too late to start the process, the sooner we begin working with you, the more options we will be able to offer you. The mark of a great investor is someone who has the ability to offer the best solutions for the client, regardless of challenges or obstacles, and is both personally and professionally empathetic due to first-hand knowledge of the processes and procedures in his field. AlleWest's business model's success stems directly from both the company founder and company president's personal experiences: Both Jim and Laura have sold every townhouse and home that they have ever owned and lived-in on terms, both under “rent-to-own” and “land contract” programs. They did so because they were always able to secure a fair-market sales price for their properties, regardless of inflation, increasing mortgage/interest rates, or negative buzz about the bursting real estate bubble. AlleWest and Select Realtors Will Work Together for You If you are interested yet hesitant, you can still put AlleWest to work for you: - YOU CAN CONTINUE TO TRY TO SELL YOUR HOME AS A FSBO, and AlleWest will work at our end to actively market your property to secure a qualified tenant buyer or real estate investor.
- YOU CAN CONTRACT WITH A REALTOR TO SELL YOUR HOME, and again, AlleWest will simultaneously market your property to secure a qualified tenant buyer or real estate investor.
Our only request is that you work with one of AlleWest’s realtors: Just as we screen our prospective tenant buyers and investors, we have taken the time to meet with hundreds of local realtors. AlleWest only works with agents who are not only highly motivated, knowledgeable and successful, but share AlleWest’s focus to provide the options that best serve our clients.
Bottom Line: AlleWest Works for You
AlleWest wants you to successfully sell your home in a way that you feel most personally comfortable; while at the same time secures you the highest profit. As business owners who actively monitor the real estate market, investors and lecturers on various realty-based marketing and sales strategies, AlleWest was developed in such a way that you will not find another real estate agent, individual investor or investment group that can provide the solutions we can. Furthermore, try to find any other company like AlleWest that is willing to do the work while another agent or investor is already contracted to work with you. AlleWest – ensuring your complete success in the home sale process, start to finish. Return to Top
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