FAQ's
Frequently Asked Questions
Q: How are you different from real estate agents?
A: Real estate agents “list” properties. They charge you a commission to sell your property. There are no guarantees – if, when, and how much your property will sell for. The average property takes months to sell. Some take over a year! This uncertainty causes great stress and anxiety. And on top of that, you have to constantly keep your home spotless “just in case” a possible buyer wants to look at your home. Usually not until the day your property sells and you get your check, do you even know exactly how much you’re going to receive.
As your private real estate investor, we don’t want to “list” your property, we want to buy your property. We don’t charge you any fees or commissions. Often within 24 hours we can make you a fast offer and have the ability to close within three days. We want you to have a fast, hassle-free, stress-free sale!
Q: Do you pay full market value?
A: It depends on your definition of Full Market Value. Please don’t confuse what a real estate agent tells you is the value of your property with how much money you will actually put in your pocket, if and when the property sells.
First of all, it is quite common for a home or property to sell for 10 to 20 percent less than what the real estate agent lists it for.
Secondly, when using a real estate agent, it isn’t uncommon that you as the seller will probably be required to do a number of repairs to satisfy the buyer. These repairs could cost thousands of dollars.
Third, don’t forget your holding costs. (Your loan payments and the cost of your money tied up in the property, which could be making you money, somewhere else.) A real estate agent will not make your mortgage payments for you while you wait for a buyer. We will buy your house now!
Finally, there are commissions to the agent which are usually 6 percent, and your closing costs which can be as much as 4 percent. A real estate agent could tell you your house or property is worth X amount of dollars. By the time your agent sells it, you figure in your holding costs, price reductions, repair costs, commissions, selling costs, etc. – it is likely that tens of thousands of dollars will be taken off the top of what your agent originally suggested your house was worth! We like and often work with great real estate agents but when dealing with Aztec, you do not have to pay a real estate commission.
The Bottom Line is we agree on a fair price that meets your and our needs and close quickly. If we can't agree, we do nothing. No one loses and it hasn't cost anything to explore your options.
Q: How much will you pay me?
A: We have the flexibility to offer you a number of personalized purchasing programs. Each has its own methods and formulas to determine how much we can pay for a house or property: allowing you to benefit from the fastest possible sale without doing any work or repairs.
How much we can pay for your home or property will be based on many factors. These include the condition and repairs that are needed, the time factor, your loan balance, your equity, if any, and your needs. You’ll know the answer within 48 hours.
Q: Is there any risk, obligation, or charge?
A: You have no obligation or risk in working with Aztec. We do not charge the homeowner to explore the possibililty of purchasing their home with a win/win solution on the front end and do not charge any fees or commissions on the back end. Once you submit the property information you’ll either get an email or call within 2 business days. If we feel we can move forward, we’ll arrange to see the house. At that time, we'll explore the different options we have for purchasing your house. We believe in an open and honest approach in working with every homeowner.
Q: How fast can you close?
A: Minimum is three days or we can wait until you’re ready to move, even if it’s months away.
Q: What if I’m in foreclosure or bankruptcy?
A: We buy houses in foreclosure and bankruptcy right along with some that are not in distress, in all areas and price ranges.
Q: Where do you buy?
A: Primarily in Palm Beach County, Florida. Aztec Acquicitions is a local Palm Beach County business that also works with other real estate investors on a national level. Together we bring over 30 years experience to the table.
Q: What if I owe more than it’s worth?
A: We may still be able to buy but will need the facts in order to determine.
Q: Do you pay cash?
A: Sometimes yes and sometimes we take over existing debt or buy with seller financing. It will depend on what you owe, what you want and what makes sense to all parties.
