How We Work – Frequently Asked Questions

We often pay above market value through our Cash Offer, Mortgage Takeover, and Seller Financing solutions.

At 24 Offered, we cover all closing costs. There are no commissions or service fees, and you don’t need to pay for any repairs out of pocket.

We assess your home’s market value based on comparable sales in your area, current market conditions, location, size, age, and features of your house.

No, there is no obligation. If our offers don’t meet your needs, you are free to decline, and we won’t hassle or pressure you.

Once you sign our purchase agreement, we proceed with buying the property. We encourage you to be certain before signing, as we’ve already incurred expenses for inspections, title fees, and other costs.

Simply sign our straightforward agreement, which we will send to you via DocuSign for electronic completion.

The title company or attorney overseeing the sale will wire funds directly to your bank account after all closing papers are signed.

No, the property needs to be vacant at closing. While we can be flexible with the closing date, the property must be vacated once the process is complete.

We purchase homes within major city areas, up to one hour from the city center.

We offer homeowners multiple selling options, often above market value, while other firms typically provide only low-ball cash offers.

Absolutely. We are open to discussing and adjusting offers to meet your needs.

Zero Fees: You pay $0 in fees and realtor commissions.

Guaranteed Closing: Your offer is guaranteed to close, eliminating last-minute buyer withdrawals.

A local partner or licensed contractor will conduct the inspection. An additional visit may be needed before closing.

A local partner or licensed contractor will conduct the inspection. An additional visit may be needed before closing.

Yes, we offer free virtual or in-person inspections, which can be scheduled after you submit our “Get Offer” form.

With a clear title, we can close, and you can get paid in as little as 30 days.

We take care of all the details. Your only task is to sign the necessary documents and prepare for your next steps.

Yes, we can adjust the closing date to suit your needs. Please let us know your preferred date.

You can leave behind anything you don’t want, and you don’t have to clean. Take with you any personal items you wish to keep.

Our transactions are handled by reputable title companies, ensuring legality and ethical practices. Title companies are legally bound to facilitate legitimate transactions. Our commitment to certified offers underscores our trustworthiness. We prioritize transparency and trust.

With a 24 Offered Cash Offer, you can expect to close quickly. This translates to a smooth and hassle-free transaction process, ensuring you get paid faster and avoid common pitfalls of traditional home sales.

Pros:

• Faster closing process.
• Less risk of the sale falling through.
• No inspections required.
• Industry-leading 30-day close.

Cons:

Offers may be lower than market value.

Major issues such as foundation problems and unpermitted additions may result in reduced cash offers due to the uncertainties and potential costs associated with resolving these issues.

Homeowners opt for cash sales due to the quick closing time, typically around 30 days, and flexibility in handling challenging situations such as job changes, divorces, or mortgage affordability issues.

We close with a local title company experienced in cash transactions, where sellers pay zero closing costs. The process is straightforward, with no hidden fees, and can be completed in as little as 30 days.

Homes with at least 35% equity, in poor to fair condition, or those needing a simple, stress-free closing are ideal candidates for all-cash transactions.

After you reach out, a local manager will discuss your home with you. Within two hours, we will present preliminary offers, giving you the choice to decide.

Cash sales account for approximately 22% to 24% of nationwide real estate transactions, making them more common than many realize. The key is finding a reliable and honest cash-only home buyer. At 24 Offered, we simplify the process, ensuring it’s safe, simple, and even enjoyable for sellers looking for a fast, certain, and hassle-free cash transaction.

Our transactions are conducted through reputable title companies. Interested parties can reach out to the title companies we regularly use to verify our existing relationship and proven track record.

The decision depends on your individual circumstances. While cash offers provide advantages like a faster process, zero closing costs, and flexibility, you should weigh these against potential downsides such as lower offers.

Seller financing means you, the seller, act as the lender. Instead of receiving the full purchase price upfront, you extend credit to the buyer, who signs a promissory note agreeing to repay over time. A deed of trust is signed, creating a lien on the property in your favor. The buyer then makes monthly payments to you.

Pros:

• Sell for more than market value.
• Lower taxes on interest payments.
• Savings on overall taxes.
• No need for inspections, repairs, surveys, or appraisals.
• Industry-leading 5-day close.
• Receive payment in three ways: a large down payment, monthly payments, and a lump sum at the end.

Cons:

Not all proceeds are received at closing.

Slightly more risk compared to a traditional sale.

Preliminary Offers: Presented within 2 hours of discussion.

Finalized Offers: Made within 24 hours after an in-person or virtual assessment.

Customization: Sellers can choose two of four variables: high sale price, high down payment, high monthly payment, or a long/short finance term.

Transparency: We show the profit to sellers.

No Obligation: There is no obligation to accept offers, and other selling options are discussed.

No, 24 Offered covers all financial obligations associated with the home.

Yes, and you can benefit by pocketing the difference between your mortgage payments and the owner finance payments.

Higher Sale Price: 24 Offered can offer a higher sale price, sometimes exceeding market value.

Reduced Transactional Costs: Zero closing costs and no realtor commissions.

Additional Benefits: Maximize the sale price, save on taxes, earn passive income, sell “as-is,” and more.

Guaranteed Monthly Payments: Via ACH deposit.

Financial Stability: We have multiple assets to meet our financial obligations and maintain a secure cash account.

Transparency: We provide a credit report and background check.

Security: The loan is secured by the home.

Closing is conducted with a local title company, with no closing costs for sellers.

Simplified Process: Avoids inspections, appraisals, or bank financing.

Capital Preservation: Allows us to preserve capital for future opportunities.

Selling “subject to” the existing mortgage means that the current mortgage remains in your name, but 24 Offered takes over the remaining mortgage balance. We make the monthly payments and handle other financial obligations associated with the property.

Pros:

• Make More Money: Enjoy zero closing costs and savings passed on to you.
• Profit from Properties with No Equity: Turn a property with little equity into a profitable sale.
• Mortgage Brought Current: We catch up on missed payments, aiding in credit improvement.
• Fastest Closing: Potential to close in as little as 30 days.
• Simplified Process: No need for inspections, repairs, surveys, or appraisals.

Cons:

Mortgage Remains in Your Name: This could impact eligibility for a new mortgage immediately but can be beneficial for improving credit.

Due-on-Sale Clause: Rarely invoked, but we ensure missed payments are caught up to keep the loan current.

VA Loan Impact: May affect future VA loan eligibility; we encourage consulting with a reputable VA lender.

Closing is handled by a real estate title company. We pay all closing costs and can close in as little as 30 days.

Once the title is transferred out of your name, you no longer have tax obligations or receive associated deductions related to the property.

Reduced Transactional Costs: Zero expenses for sellers and zero financing costs for us.

Cost Savings: We pass on cost savings to you.

Other Benefits: Ideal if you need fast cash, are behind on mortgage payments, facing foreclosure, have little or no equity, want to improve credit, or seek the most money possible.

You are safeguarded through multiple mechanisms:

Legal Framework: The transaction is conducted through a reputable title company.

Payment Management: A servicing company manages all payments, reinforcing our commitment to follow through on agreements.

Security: This provides a secure and transparent process for you.

Monthly Mortgage Payment: The amount you currently pay each month.

Remaining Mortgage Balance: An estimate of how much is left on your mortgage.

Escrow Details: Whether your payment includes escrow for property taxes and insurance.

Interest Rate Details: The interest rate of the mortgage.

Yes, it’s possible, depending on your personal credit and the lender’s requirements.

Specialized Lenders: We can connect you with lenders experienced in “subject to” transactions who understand the intricacies of these deals.

Impact on Debt-to-Income Ratio: Since we take over the mortgage payments, specialized lenders may agree to exclude this mortgage from your debt calculations, enhancing your financial standing for future credit or loan applications.