No! We have systems that will allow you to monetize a real estate purchase contract, without having to use your own money.
Typically, yes. Most of our owners are owner-operators
We provide marketing, sales, operations, and vendor management support.
Yes, eventually, we can put you in contact with current franchisees.
As a Joe Homebuyer franchisee, and in-partnership with 3rd party investors, you are a direct buyer. You will be able to help homeowners sell their homes directly, without the assistance of an agent. This saves the homeowner thousands in commission costs!
Always! As a Joe Homebuyer franchisee, a deal has to work for the customer to work for you. After factoring the money and time our customers will save, a direct offer can be the most lucrative decision for many people! A direct sale to Joe Homebuyer will require no clean-up, repair work, staging costs, or realtor commissions. And a timely close will save our customers money on utilities, insurance, and taxes! Our ultimate goal is to improve lives by delivering real solutions!
Never! This is one of the best reasons customers choose us to sell directly! When our customers work with us, they won’t spend a dime selling their home! There are no commissions, no hidden fees, and we even pay 100% of the closing costs!
We are direct buyers. We help sellers find creative solutions to any obstacle they are facing. Whether they need help with moving logistics or transporting vehicles, we will do everything we can to make the transition run smoothly! Real estate agents act as a middle man, showing their home on their behalf to attract buyers. They will then be entitled to about 6% of the seller’s final sale price. When they work with an agent, there are no guarantees on when the house will sell or get a full-price offer. They could be waiting months and end up taking an offer that was much less than they were bargaining for! With a direct offer, from the very start, the homeowner will know how much they are getting and on what day.
Territories have been pre-determined outlined in our FDD. If there is a specific area you would like to check, please email our main office the location for a territory check. Territories are shared to ensure that a new franchisee entering the market has the same opportunity as franchisees already operating in the market area.
The franchisee does not officially take title of the property initially, and before the cash buyer takes title, the purchase agreement will be sent to a title company to make sure everything is good. Title Insurance is purchased and is part of the closing costs that the end buyer pays for which protects against any defects in title.
Most or all purchase agreements will have a due diligence period that will allow the franchisee to terminate the contract should they need to.
A deposit is negotiable between the franchisee and homeowner. The better the opportunity, the more willing the franchisee may be to pay a deposit.
All of our properties are purchased AS-IS and assigned to an end buyer as-is; in most cases, a home inspection is usually done by the franchisee and/or the retail buyer in between the time the franchisee acquires the property and closing. The inspection is not always done by an official inspector and can be done by any involved parties in the transaction: the cash buyer(s), the franchisee, real estate agents, any prospective partners.
With more distress, there will be more available properties to acquire. Additional pivots to exit strategies will also help diversify and support our franchisees. This would include rehabs and creative financing.
If wholesaling or assigning the contract, the franchisee will be paid at closing, once the title has cleared and an end buyer is secured.