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Frequently Asked Questions

Buy with Cash questions

 

What does the Buy with Cash program cost?

This program is completely free to use. The associated costs are the same as any mortgage-backed home purchase, such as appraisals, taxes, and closing costs.

 

What states do you serve?

What if I have an existing home to sell?

Are your rates competitive?

What happens if my mortgage isn't ready in time?

How does UpEquity make its money in this transaction?

Does UpEquity use all cash to buy the home upfront? Can we quick-close?

What if my appraisal comes in low?

How is this different from a pre-approval?

Are there loan types you can't serve?

Do we have to use your title company?

What are your credit requirements?

Who controls the negotiations?

If I’m in a single-offer situation or a non-competitive market, is there still an advantage with your Buy With Cash program?

Can I use my own agent?

Am I required to use an agent?

Do you require an earnest money deposit?

Do you require an appraisal?

What is the turnaround time on the appraisal?

What if the appraisal comes in low?

What is the minimum down payment I need to make on my new home?

How long does the Buy With Cash process take?

What types of properties can I purchase?

Why do sellers prefer cash?

Buy Before you Sell questions

 

How much does the Buy Before you Sell program cost?

This program is only $500 to start. If UpEquity has to buy your home, you pay 1.95% of gross resale price of your old home. Any additional control fees won't accrue until 30 days after our purchase of your home. Though this only happens in about 10% of cases, so the majority of our clients only pay the $500!

Do I have to sell my home to UpEquity?

Who pays the closing costs on the sale of the property?

Are your rates competitively low?

What happens if my mortgage isn't ready in time?

What happens if there are necessary repairs required?

Is there a deadline that I have to sell my house to UpEquity?

We're here to help

Live support 24/7

Email us

support@upequity.com

Call us

(512) 580-7600

Agent questions

 

Where are you licensed?

UpEquity is licensed to do Buy With Cash offers with your buyers in Colorado, Florida, and Texas. However, we’re working hard to expand into a dozen or more states by the end of 2021.

What does the Buy With Cash program cost?

How is this different than a pre-approval?

What if my buyer has an existing home to sell?

Are your rates competitive?

When do I receive my commission?

How is this different from a pre-approval process?

Are there any buyers or loan types you can’t serve?

What happens if my client's mortgage isn't ready in time?

How does UpEquity make its money in this transaction?

Do we have to use your title company?

What are your credit requirements?

What is the turnaround time on the appraisal?

Do you still require an appraisal?

What if the appraisal comes in low?

Are sellers surprised that the Buy With Cash program involves them getting a mortgage?

What is the minimum down payment my buyer needs to make?

Who keeps my buyer's earnest money deposit?

When is my buyer's earnest money deposit due?

Do you have in-house underwriters?

Does UpEquity require an inspection on all the homes my client intends to purchase?

What types of properties can my client purchase?

Have a question we didn't cover?

 

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