Investing in real estate often means finding opportunities where others see challenges. For this property in Mesa, AZ, the seller was looking to move on from a project that was becoming more trouble than it was worth.
With an incomplete remodel and a partner who wasn't helping much, the seller decided it was time to find a cash investor who could take over the property and complete the transaction quickly.
My company stepped in to turn the situation around, benefiting everyone involved.
The Seller's Challenge:
A Stalled Remodel and New Priorities
The seller, a novice investor and remodeler, started rehabbing the property but soon realized that it wasn't going as planned. She was managing subcontractors herself, with an unhelpful partner, and quickly found that her budget was spiraling out of control.
"Managing the remodel was becoming too stressful, and I found a better investment opportunity. I needed a quick, cash sale to move on."
Cindy Dappen
Distressed Homeseller
On top of that, she found a more attractive, passive investment opportunity and decided it was time to let go of this property. She needed a buyer who could close fast and without complications.
A Remodel Left in Limbo
These photos reveal the townhome's incomplete remodel, with flooring ripped out and progress stalled. They reflect the challenges Cindy faced and the opportunity for a buyer to transform the space into a new beginning.
Our Solution:
A Cash Purchase with No Strings Attached
After speaking with the seller during a discovery call, we realized she was in need of a hassle-free solution. We agreed to purchase the property for $85,000 with cash, with no earnest money deposit required and contingent on our inspection and approval.
The key to our approach was being flexible and transparent with the seller. We conducted a walkthrough to assess the property, took detailed notes on the needed repairs, and made an offer that worked for both sides.
Once we executed the purchase contracts, we moved swiftly to set up escrow with our title company. From there, we immediately began searching for qualified buyers who could purchase the property from us.
This meant putting together a marketing campaign and leveraging our network of cash investors.
Step 1.
Discovery call with the seller
Step 2.
Property walkthrough and inspection
Step 3.
Drafted and executed purchase contracts
Step 4.
Set up escrow and title work
Step 5.
Marketed the property to qualified buyers
Step 6.
Negotiated with buyers and completed a double escrow flip
The Agreement That Made It Work
This purchase contract with Cindy and her partners LLC highlights the clarity and simplicity of an as-is sale. It set the foundation for a transaction that met the seller's needs while facilitating a smooth resale process.
The Results That Made the Difference
Our team worked efficiently, finding a solid buyer just six days after launching our marketing campaign. We managed to align all closing requirements and were ready to close 15 days ahead of the seller's requested closing date. The seller was thrilled to have everything wrapped up early, giving her the funds she needed to pursue her next investment.
Additionally, our relationships with seasoned private lenders helped facilitate the sale. The buyer we found needed some external funding and property insurance, and we were able to get both arranged quickly, making the transaction even smoother.
Buyer Secured in Record Time
A qualified buyer was secured in just six days, ensuring a quick and efficient turnaround for all parties involved.
15 Days Ahead: Funds Delivered Early
The transaction closed 15 days ahead of schedule, giving Lauren access to funds sooner than anticipated.
Buyer Supported: Funding and Insurance Secured
We facilitated external funding and insurance for the buyer, adding significant value and ensuring a smooth investment process.
Clear Financial Results
The $13,587 proceeds check demonstrates the success and efficiency of this transaction. It reflects the immediate financial benefits secured through a seamless process.
“Fast, fair, and stress-free sale with Rafael’s team!”
When my condo needed repairs, and I didn’t want the hassle of fixing it, Rafael’s team came through with a fair CASH offer and covered all closing costs. They closed within two weeks without any issues. It was a fast, straightforward experience, and I’m thankful for Rafael and his team’s professionalism. I highly recommend them for a quick, hassle-free sale.
Top Tips for Navigating an Investor Purchase
Buying a property as an investor comes with its own set of challenges, but having the right approach can make all the difference. Here are some top takeaways from this case that could help others in similar situations:
top tips for
sales success
Be Transparent with Sellers
Being clear about the process, timelines, and any contingencies helps build trust and ensures a smoother transaction.
Have Funds Ready
Whether it's cash or private lender funds, having your financials ready to go makes a big difference in negotiations.
Build a Network of Buyers and Lenders
Strong relationships with cash buyers and lenders can help you move quickly and get deals closed without unnecessary
Building Success Through Transparency & Support
The purchase and resale settlement statements provide a comprehensive view of the transaction’s financial details, while our assistance in securing hard money funding for the buyer underscores our dedication to fostering successful partnerships. This example highlights how we ensure clarity and value for all parties involved.
Lessons Learned: Flexibility is Key
One of the key lessons from this transaction was the importance of flexibility. By structuring the deal to accommodate both the seller's and buyer's needs, we were able to close faster and add value to all parties involved.
Whether it's helping a buyer secure funding or closing ahead of schedule for a seller, being adaptable is essential in real estate investing.
Another takeaway was the value of being prepared for every scenario. By always being ready to perform—whether through double escrow or finding external funding—we ensure that we can deliver exactly what we promise to the seller.
Ready to Work with a Trusted Investor?
If you're looking to sell your property quickly and with no hassle, let's connect. My team and I specialize in purchasing properties as-is, providing a smooth process from start to finish. We’re here to make selling stress-free and efficient.