General Questions
Geneste Properties is a real estate investment and solution company. We are property acquisition specialists that buy houses directly from sellers.
We want to BUY your home. There is never a fee or commission when we buy your house. However, if listing your property is the best solution then we can and will connect you with a recommended licensed agent.
Whether your house is in foreclosure, over-leveraged, condemned, has liens or health department violations, not maintained, fire-damaged, or about to fall down WE CAN BUY IT!
No! There is absolutely zero obligation for you. Once you tell us a bit about your property, We will simply review the information, maybe set up a call or meet with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, you choose to accept or reject it; it’s totally your choice on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
ABSOLUTELY 100%!
Your privacy is of the utmost importance to us. Any information you provide is completely confidential! If you want to deal with a reliable, reputable company who will treat you with professionalism, understanding, and respect – YOU HAVE COME TO THE RIGHT PLACE!
YES! Maybe there is a vacant house on your street or you know someone who needs and wants to sell their home, please refer them to us! Better yet, provide us their information and we will do all the research and make an offer. In some cases we will pay you up to $1,000 for a referral! Contact us directly to discuss the terms.
YES! Geneste Properties is a professional real estate solutions company with years of experience in solving these types of difficult situations. Please contact us for a confidential consultation.
Great question and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and the values of comparable houses sold in the area recently. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Question About Selling
Most sellers user third party websites, such as Zillow and Trulia which use computer generated home values based on pre-programmed formulas.
These websites providing inaccurate estimates (or “Zestimates”) can create a false sense of hope and lead to frustration. A home seller who is told their home is worth $20,000 less than the online estimate is going to be understandably upset. Call us now and our team of expert will happily walk you through the process of determining what your home is currently worth, FREE of charge!
YES, real estate can depreciate. One way in which this occurs is in a market decline. In the 2007-08 , real estate markets across the USA experienced a decline in market.
It used to be that new homes or model homes cost more than older homes, but that’s not necessarily true across the board anymore. As land costs increase, the size of new home lots has shrunk. As a result more often than not, new homes are much closer in proximity to each-other.
Another reason today’s construction is sometimes cheaper is that it’s less expensive to use 2×4 pine framing or engineered wood over 2×6 redwood, and to use drywall instead of plaster. Buyers who look at inner-city homes in desirable neighborhoods will find, on average, larger lot sizes, and the homes will cost more than entry-level new homes being developed in new subdivisions outside the city.
A real estate broker is a step above a real estate agent. A broker generally has more training and subject-matter education than an agent, but not always. A real estate broker can work independently or hire real estate salespersons to work under them.
Some borrowers like the ease of having an escrow account; by paying a little bit each month, they can avoid worrying about having to pay large amounts when the tax or insurance bill comes due. But if you prefer to pay these bills on your own, you might be eligible to cancel the account—if you meet certain criteria and depending on the type of loan you have.
Question About Buying
MLS stands for Multiple Listing Service. It’s a network of real estate listings in an area, where buyers can (through a Realtor or the Internet) view what is available in their price range, and with the features they are looking for. It is a system usually run and supported by the local Real Estate Board that has details of almost every home, land, and business listed for sale with a real estate agent.
DOM stands for “Days on Market”. This number allows buyers to see how long the property has been for sale. Some people believe that the longer a property has been on the market, the more motivated a seller might be.
A prepayment penalty is a penalty fee charged to the borrower for paying off a mortgage early, thus allowing banks (or owners, if they do the financing) to still make money off of the loan. Most loans these days do not have prepayment penalties, but it is advisable to check into this before signing any loan paperwork.
You can build equity in three ways. First (and easiest) is from market appreciation. Second, when making your monthly mortgage payment, try to send a little bit more. This will go directly to the principal of the loan, rather than the interest. Be sure your lender knows to put the extra toward principal, and not the next month’s payment. Even an extra $50 per month can quickly build equity, as well as knock years off of your loan. The third way to build equity into your house is to make improvements. There are a variety of ways to remodel and make positive changes to the interior and exterior of your home. One of the best ways is to add square footage/living space.
The best answer is “as many as it takes to find a home that works for you”. Purchasing a home will most likely be the single largest investment you will make, so it is important to make sure you find a home that meets your current and future needs. It’s best not to look at just one home, but also not to look at more than 6 or 7 in one day. It’s common to confuse the features if you view too many in one day. Bring a notepad and pen and take notes on your likes and dislikes of each home.