FAQ

We strive to get an offer to you as quickly as possible. But at the same time, we want to make an offer based on your property’s current condition and your situation.

Here’s how our typical process works. We’ll first have a phone conversation with you to see if we will be a good fit for each other and discuss the condition of the property. After that, we’ll put an offer together for you. We typically have your offer ready within hours of speaking with you or at least by the following day.

Since we’re not buying your house to live in, we can work on your timeline. Need a few months to get moved to your new place? We can handle that! On the flip side, if you need to close very quickly for some reason, you’ve come to the right place! We have the means to close in 7-10 days if need be.

This is one of the biggest benefits of working with us. We will never ask you to make repairs when you sell your house to us. Compare that to a retail buyer that knit-picks every detail of your home and comes to you with a long list of repairs.

Depending on the age and condition of the home, we might hire a home inspector for due diligence. However, this is only for our reference so that we know what we need to repair. You can be confident that you will not have to make a single repair when working with us.

Absolutely nothing! Instead of having to pander to prospective buyers, you get to relax and wait for closing day. If you’re living in the property, you will need to coordinate moving your belongings, but we can even help you with that if you’d like!

On top of that, we will handle all the paperwork and coordination to get to the closing table. We have a great team, including a fantastic title company, that will make the sales process extremely smooth for you. When we say we’re a full-service real estate company, we mean it!

That depends on the location, condition, and size of the house as well as the deal we structure with you. But here are some of our most common uses for properties we buy:

• Fix them up to sell
• Fix them up to rent
• Help people that can’t qualify for a loan, such as business owners, to own a home
• Short-term rentals

The primary benefits of a cash offer on your house are convenience and simplicity. Transactions are way more complicated when a lender is involved because they often have special requirements that must be met. Not to mention that lenders won’t approve a loan on properties that need significant repairs. A cash offer cuts out all of these requirements and gets you what you need, money in your pocket in the shortest time possible.

The definition of a cash offer is an offer with no financing contingency. Nearly all traditional offers involving a lender include a contingency based on the buyer’s ability to obtain financing. If they can’t qualify, they are allowed to back out of the deal and receive their earnest money back. This happens quite a bit with retail buyers. But that is another thing you don’t have to worry about when working with a cash buyer.

We understand that if we don’t make realistic offers, we’ll never be able to buy houses. Therefore, we do everything we can to give you an offer that works for you. We work hard to control renovation expenses and keep our rehab budget low so that we can pass some of those savings on to you.

Ultimately, we base our offers on the finished value of the property and how much it will cost to renovate it. If you’d like, we can share with you how we calculate your offer. And remember, you have no obligation to accept it! Even if we end up not being your buyer, we will share as much information with you as we can to educate you and help you pick the best path for your situation.

We charge no commission and no fees, and we cover the seller’s closing costs on our offers — including Connecticut’s state and municipal conveyance tax. You won’t pay an agent commission, you won’t be asked for a repair credit, and you won’t pay closing costs out of your proceeds.

One thing does still come out of your side at closing, and we’d rather you hear it from us now than at the table: the payoff of any mortgage or lien on the property. Your attorney will give you an exact net sheet before you sign.

A cash, as-is offer generally comes in below what the same house might bring after repairs, showings, and time on the market. The trade is speed and certainty against price. For some situations that’s clearly worth it; for others listing makes more sense, and we’ll tell you which one we think you’re in.

We understand that this might be one of the top questions on your mind. Several factors go into each offer that we make on a house. The most important considerations are the location, size, condition, finishes, what nearby homes have sold for, and what we plan to do with the property.

We take all of these things into account and work to calculate an offer that will work for you. We also consider your near-term plans and try to structure our offer to help you meet them!

An agent lists your house and looks for a buyer. We’re on the other side of the table — we’re the buyer, or we bring the buyer.

Here’s the part most companies don’t put in writing: depending on the deal, Turning Point either closes on your house in our own name, or we assign our contract to another investor who closes in our place. Either way the price you agreed to is the price you get, and we tell you which one it is before you sign anything. You’ll also get the State of Connecticut’s written wholesale disclosure report, which spells out your rights in plain language.

Sean Wilder is also a licensed real estate broker and the owner of Rydon Realty LLC. When we’re buying, we’re the buyer — we don’t represent you and we owe you no fiduciary duty, and we’ll say so in writing. If listing your house would net you more than our offer, we’ll tell you that too, and you can list it with Rydon, with any other brokerage, or sell it yourself.