We are just a call away. Book an appointment today to get a FREE NO OBLIGATION OFFER  call: 410.657.6500

    FAQs

    Below are some questions that we often get from our clients.  Have a look and if all your questions have not been answered, click below to contact us.

    Frequently Asked Questions

    In addition to some of our frequently asked questions, we have also included some information on what to expect as a buyer, seller, or partner.

    What type of properties do we typically buy?

    We normally purchase distressed, unwanted properties that have the potential to be profitable after renovations.

    What is the overall process?

    Contact us today by phone or through the inquiry form on our homepage to schedule a no-obligation, in-home consultation, and preliminary inspection. You can expect to receive your offer within 1-2 business days. Take your time reviewing the offer. If you decide to proceed, a secondary inspection will be arranged by our trusted partner(s). Once both parties agree, we'll set a closing date. The closing process involves signing documents, which in most cases, sellers can conveniently complete online. It's a straightforward and hassle-free process!

    Is there an obligation to complete the sale if a property owner calls or inquires?

    Rest assured, our offer comes with absolutely no obligations, granting you the flexibility to end the process at any point. The sale of the property only becomes finalized after a sales contract is signed by both the buyer and the seller.

    How is the offer price determined?

    Similar to an appraisal, our evaluation of the property takes into account factors like its age, current condition, amenities, square footage, as well as the number of bedrooms and bathrooms, and the age and condition of major appliances and large systems such as the HVAC, plumbing, and electrical systems.

    These factors are analyzed and compared to recently sold homes in the area to determine the estimated value of the property.

    Is there an inspection contingency?

    There is a secondary inspection conducted by our partners prior to the closing. This is to allow for a more thorough inspection and to ensure that everyone purchasing the property is aware of and in agreement with the condition of the property.

    Who is buying the house?

    Wilson Realty will either purchase the property or offer it to one of our partners who share in our vision of building community.

    What is going to happen to the house?

    If we or one of our partners buys the property, we will determine its best use based on the housing needs of the market and the community. This may mean rehabbing the property and reselling it on the open market or marketing the property for rental use.

    What factors go into determining the offer price of the house?

    There are many factors that are considered when placing an offer. Some such factors are the location of the property, neighborhood comparable properties, and the overall condition and attributes of the house. This means that each offer is different due to the uniqueness of the property.

    How long does it take to close?

    For a “quick close”, we can typically close in as little as 15 days if the title is clear. This 15-day period is to allow for the title search on the property. If the title search reveals discrepancies with ownership or if there are unforeseen circumstances that prevent a quick close then it can take up to 30 days to complete the closing process.  

    However, the timeline depends on when the seller would like to close. The closing period is completely negotiable.

    What happens at closing?

    Like traditional property sales, the closing process is conducted at the office of a title company or that of a real estate attorney's office. However, in many cases, the buyer can complete his/her closing documents online. The seller, however, will need to appear in person to sign documents.

    Who pays Wilson Realty?

    The fee to Wilson Realty is paid by the buyer during the closing process.

    Why are we looking for partners?

    The partners (lawyers, wholesalers, contractors, etc.) each play a vital role in the property acquisition, rehabilitation, and long-term management processes. Because our goal is to provide housing nationwide, we are looking for people skilled in these areas nationwide.

    What happens after signing up as a partner?

    After signing up to be a partner, one of our staff will contact you to inquire about your services if there is a need in your servicing area.

    What type of properties do we typically buy?

    We normally purchase distressed, unwanted properties that have the potential to be profitable after renovations.

    What is the overall process?

    Contact us today by phone or through the inquiry form on our homepage to schedule a no-obligation, in-home consultation, and preliminary inspection. You can expect to receive your offer within 1-2 business days. Take your time reviewing the offer. If you decide to proceed, a secondary inspection will be arranged by our trusted partner(s). Once both parties agree, we'll set a closing date. The closing process involves signing documents, which in most cases, sellers can conveniently complete online. It's a straightforward and hassle-free process!

    How is the offer price determined?

    Similar to an appraisal, our evaluation of the property considers factors like its age, current condition, amenities, square footage, as well as the number of bedrooms and bathrooms, and the age and condition of major appliances and large systems such as the HVAC, plumbing, and electrical systems. 

    These factors are analyzed and compared to recently sold homes in the area to determine the estimated value of the property.

    Is there an obligation to complete the sale if a property owner calls or inquires?

    Rest assured, our offer comes with absolutely no obligations, granting you the flexibility to end the process at any point. The sale of the property only becomes finalized after a sales contract is signed by both the buyer and the seller.

    How confident do you feel with where the company is going?

    We will begin in this chapter by dealing with some general quantum mechanical ideas. Some of the statements will be quite precise, others only partially precise. It will be hard to tell you as we go along which is which, but by the time you have finished the rest of the book, you will understand in looking back which parts hold up and which parts were only explained roughly.

    Is there an inspection contingency?

    There is a secondary inspection conducted by our partners prior to the closing. This is to allow for a more thorough inspection and to ensure that everyone purchasing the property is aware of and in agreement with the condition of the property.

    Who is buying the house?

    Wilson Realty will buy the property or offer it to one of our partners who share in our vision of building community.

    What is going to happen to the house?

    If we or one of our partners buys the property, we will determine its best use based on the housing needs of the market and the community. This may mean rehabbing the property and reselling it on the open market or marketing the property for rental use.

    What factors go into determining the offer price of the house?

    There are many factors that are considered when placing an offer. Some such factors are the location of the property, neighborhood comparable properties, and the overall condition and attributes of the house. This means that each offer is different due to the uniqueness of the property.

    How long does it take to close?

    For a “quick close”, we can typically close in as little as 15 days if the title is clear. This 15-day period is to allow for the title search on the property. If the title search reveals discrepancies with ownership or if there are unforeseen circumstances that prevent a quick close, then it can take up to 30 days to complete the closing process. However, the timeline depends on when the seller would like to close. The closing period is completely negotiable

    How confident do you feel with where the company is going?

    We will begin in this chapter by dealing with some general quantum mechanical ideas. Some of the statements will be quite precise, others only partially precise. It will be hard to tell you as we go along which is which, but by the time you have finished the rest of the book, you will understand in looking back which parts hold up and which parts were only explained roughly.

    What happens at closing?

    Like traditional property sales, the closing process is conducted at the office of a title company or that of a real estate attorney’s office. However, in many cases, the buyer can complete his/her closing documents online. The seller, however, will need to appear in person to sign documents.

    Why are we looking for partners?

    The partners (lawyers, wholesalers, contractors, etc.) each play a vital role in the property acquisition, rehabilitation, and long-term management processes. Because our goal is to provide housing nationwide, we are looking for people skilled in these areas nationwide.

    What happens after signing up as a Partner?

    After signing up to be a partner, one of our staff will contact you to inquire about your services if there is a need in your servicing area.

    STILL HAVE QUESTIONS?

    We hope that we have addressed all of your concerns. If not, feel free to contact us.

    STILL HAVE QUESTIONS?

    We hope that we have addressed all of your concerns.

    If not, feel free to contact us.