MAKE AN OFFER
As active fix and flip investors, we’ve seen numerous homes throughout the years from wholesalers all over the Nation. What we typically find is that they sell properties with very little margin or supporting comparable sales. Therefore, we look through hundreds of properties before we find one that meets our criteria of having comparable properties to support the price. At Equity Plug, we deliver properties that are truly below market. Now, the definition of “below market” can be subjective. If you ask ten different investors you’ll get ten different answers. Here’s how we define “Below Market”:
Instructions for Submitting an Offer:
Step #1: Submit Offer
Step # 2 Sign the Assignment Agreement
Step #3 Deposit EMD at Title Company
You must also deposit $2,000 of earnest money for your offer and contract to be complete.
Title Company To Be Determined by Equity Plug, once we approve your contract with proof of funds or pre-approval letter from a hard money lender.
Unless your offer is all cash you’ll need to be approved by a hard money lender and submit proof of funds or approval letter with the offer.
To view a property, please contact the office at 717-500-2097 to make arrangements to obtain access.
Most of our properties are sold very quickly. We do however take backup contracts.
Because of the deeply discounted prices we have negotiated on the properties we resell to investors and the small margins we work off of, we are unable to negotiate the prices offered. We provide real values and discounted prices on the wholesale properties we offer.
We will be glad to refer any contractors, appraisers, attorneys, property managers, etc. if we are aware of any in the area of the property; however, you must interview them and make your own decision about relying on their information or services. We highly recommend getting detailed descriptions in writing with any vendor used.
Because we usually buy and sell many properties monthly it is extremely important for you to close on the anticipated closing date in your contract to avoid penalties.
We take each and every offer very seriously.
All offers are subject to prior sales and withdrawals.
What We Look For in Deals
1. 3 “sold” comps that are within a -mile radius of the subject property. The 3 comps must be within ~200 square feet +/- of the subject’s living space.
2. Subject property must be at least 20% below the average of the 3 sold comps.
It’s not easy to find these types of properties. We spend thousands of dollars on marketing and countless hours searching for deals that meet these criteria.
Where do these deals come from?
We are marketing specialist. Our arsenal of marketing strategies includes:
Other Guerrilla Strategies
Direct Mail to Absentee Owners, Divorce, Evictions, Free & Clear Properties, Probates, and Other Niches
Massive Internet Exposure
Vanity Number Franchisees
Direct Relationships With Banks & REO Agents