Frequently Asked Questions
Here is a collection of some of the most frequently asked questions by people that find out about our services, along with our answers. If you still have any questions, don’t hesitate to contact us anytime. We would love to chat about the services we offer and how we can help you buy or sell a house today!
Q: How does selling my property with terms work?
A: Danino Capital Properties is a family company that works nationwide to buy houses and properties. We can buy homes for cash with a quick close, but that is typically for a distressed property and at a deep discount. We more frequently purchase with lease/purchase or owner financing – both of those with a short term cash out for you at Full Market Value.
A lease purchase means we are 100% responsible for maintenance, repairs, taxes, etc. after 30 days. If your insurance and taxes are currently escrowed, the monthly lease will cover them. Your profit is locked in, predetermined ahead of time and will not change. If you have no mortgage currently, we can even pay a premium above market value!
Other Advantages:
- Top sales price
- Stops the money hemorrhage of multiple mortgage payments if applicable.
- All maintenance is our responsibility- Completely hands off for you.
- No advertising dollars out of your pocket.
- No fees out of your pocket.
- We don’t care what kind of mortgage you have.
Q: Who is this not a fit for?
A: This isn’t a fit for anyone who has equity in the home that they need NOW to buy another home. It will still work but you would have to do a refinance, pull out the cash needed, and then secure a lease purchase with us to cover the new underlying mortgage.
Q: What if I still have my loan and want to go buy another home and get a mortgage to do so?
Banks and mortgage companies vary on this one and you should shop around. I’ve seen them count your lease payment anywhere from 75%-100%. For example, if your mortgage payment is $1000 and you are collecting $1000 on your lease, if they are only counting 75%, you will be credited for $750 monthly income as far as your debt to income qualifying ratio. That means you have $250 net debt. If they count 100% of your lease income it’s a break even and will not at all affect you qualifying for a loan. There are ways around this and, if this sounds like the route you would like to go, contact us today!
Q: Are there any fees or commissions to work with you?
A: This is what makes us stand out from the traditional method of selling your house – there are absolutely no fees, commissions, or closing costs with Danino Capital Properties. No hassle. No fees.
Q: How are you different from a real estate agent?
A: Real estate agents list properties and hope that someone will buy them for a commission that is usually 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait months to sell and who don’t mind giving up some of the sale price to pay for the commissions and closing costs. But that’s where we’re different: we’re not agents, we’re home buyers. Since we’re actually the one buying the house from you, and we can pay with all cash or buy it on terms, you net more of your equity and reap the rewards of an easy and hassle-free selling process. See our video below for more detail.
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and go over your options to sell. From there, it’s 100% your decision on whether or not you’d like to sell your house to us or explore a more traditional route.
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Learn The Pros and Cons Of Selling Your House To A Professional Home Buyer:
Download our FREE Guide here and then contact us with questions. We provide a different solution nationwide for homeowners that would prefer a flexible way to sell their homes that a traditional real estate agent can’t (or won’t) provide.