The property has tenants in the house. Can I submit the property for consideration?
YES. Many of our iBuyers have flexible closing time frames and will consider allowing homeowners or tenants to stay in the property post-closing for an agreed upon fee. Offers from our iBuyers will factor in carrying costs and potential holdover occupancy.
It is crucial that agents put this information in detailed notes during initial property submission. This information is necessary for the iBuyers to make the correct offer based on their investment goals for the property.
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What are the basic steps for submitting a property to ExpressOffers?
These are the basic steps for the following situations. Each state is governed by its own forms, contracts, agency and license law. ExpressOffers Basic steps ( off market property): Check the Buy Box to make sure that your property matches all 10 ...
If I try to submit a property to the platform which is listed in the MLS by an outside firm, and another eXp agent has already submitted that property for consideration, will the system notify me?
YES. If the property has already been submitted by another exp agent, the system will not let you resubmit. You will see an error message stating the APN has already been taken. If you entered the property previously and are getting this error ...
How does ExpressOffers vet our iBuyers?
This is the vetting process to bring an iBuyer into our ExpressOffers platform: An iBuyer is expected to give us Proof of Funds (POF) in the highest amount of their Buy Box every two months. For example, if their Buy Box shows $100,000 to $500,000, ...
Can I submit a HUD foreclosure to ExpressOffers?
Yes, however, when looking at HUD deals, pay attention to the offer restrictions of the other listing or on the HUD foreclosure website. Typically, the first 7 to 21 days are reserved for owner occupied offers ONLY. Investor offers will only be ...
Colorado ExpressOffers Procedures
Jes and I created a video to explain why we have to do the procedure this way. Watch it here. Situation 1: You found an off market property that would be a candidate for the ExpressOffers program: Check to ensure the property completely fits a Buy ...