Frequently Asked Questions
First off, my name is Nolan Johnson. I'm the founder of NoJo Homes. You probably saw me on the homepage. In short, we are direct cash home buyers. We make it easy to sell any house fast for cash with the usual hassles and fees. If you need to sell, we have the cash ready to go. In fact, you could be walking out of closing with cash in your pocket in a matter of days.
Our most preferred areas are Southern California, Las Vegas, NV, all of Florida, and Tennessee. However, we are interested in buying all over the country. If you're interested in selling your house for cash in any location, call us at (855) 751-6542 or click the button at the bottom of this page to get a free, no obligation cash offer.
- Vacant Property- Need to sell an inherited property quickly.
- Want to unload a rental property with problem renters.
- Relocating or job transfer.
- Going through a divorce.
- Behind on property taxes and can't afford to catch them up
- Falling behind on mortgage payments.
- Facing foreclosure.
- Wanting to sell without dealing with repairs, cleaning, showings, appraisals, etc.
…and many more.
We will buy single family homes, duplexes, triplexes, quadruplexes, apartment buildings/complexes, mobile home parks...we will buy almost any type of property in its 'as is' condition except mobile homes and manufactured homes.
Agents can be an incredible resource and often times are the best route to sell for some people. That said, we are currently only interested in working directly with the homeowner at this time.
We specialize in purchasing properties that need a lot of repairs. That's the biggest advantage to a cash buyer. You have the freedom to sell 'as is'. However, please understand this will be a factor in our offering price since we will have to spend extra money on the necessary repairs.
You can transfer the rental agreement to us at closing, so you can smoothly transition out of the property without dealing with the tenants.
We can buy the house to help you get out from underneath the taxes.
The property may need to go through probate, or it may be as simple as signing an affidavit of heirship depending on your state laws. Either way, we will guide you through the process until the job is done.
The whole process can be done over the phone, electronic signatures, and mail for closing paperwork. Not a problem at all.
We guarantee you a 100% free, all cash offer to buy your property no matter the the condition or your situation. We can also guarantee you will not have to make any repairs, pay any agent commissions, and we will pay for the closing costs. What happens next is up to you.
Getting Your Offer
It's simple. We compare your house to other similar houses in the neighborhood that have recently sold.
We also take into consideration:
- The current condition of your house.
- The approximate cost of repairs and renovations required.
- The amount of time it will take to renovate your house.
- The future “post-renovation” value of your house, and that compared to other homes' possible future value in the area.
- The cost of real estate commissions required to sell your home after renovation.
- The cost of maintaining the house until it’s ready to sell, including insurance, utilities, taxes, loan payments, etc.
- The estimated future “post-renovation” value of your house after we renovate it, minus these costs, helps us arrive at the cash offer that we make.
Bank financing is a major reason sales fall through so often.
If your property needs repairs or improvements to meet modern standards and/or the standard of other properties in the neighborhood, it's going to tough for any buyer to find a bank willing to loan a mortgage on your property.
Either you would need to make the repairs and improvements yourself, the buyer would need to put a large cash payment down, or some combination of the two.
What happens when you can't make the repairs and none of the offers you accepted got approved for mortgages because they can't put at least 20% down?
Since we use our own cash, we can buy your house 'as is'. This way you don't have to worry about repairs, improvements, and you don't have to wait on a bank's approval to sell your house - which can take a month or two alone.
Ultimately, cash makes your life easier.
In most cases - we will call you back within a few hours of our initial discovery call with an offer. After we have all the information we need, it takes an hour or two to complete an accurate comparable market analysis to determine our offer. From start to finish you could be walking out of closing with cash in your pocket in a matter of days.
We try to give our best offer first, but you are always welcome to decline or counter the offer we give you.
We can also discuss many other options if our cash offer doesn't work for you. If you want to learn more about these creative options, ask about them during your discovery call.
Since market conditions can change quickly, as we've seen recently, our offers currently expire after 5 days.
If your offer expires before you decide yes or no, we can get you a new one. We can't promise the offer will be the same, but it also may not change at all. This is only a safely precaution in case of a market failure.
Simply call us now at (855) 751-6542, or click the button below to request your offer online. There are never any obligations, and it only takes a few minutes to get started.
Initially, we just need some basic information to determine if your property fits our buying criteria - property address, your name, is your property listed with an agent, beds, baths, etc...
To get you a custom offer to your situation, we also need to ask you a few questions about the property condition to estimate repairs, and your situation to make sure we are the best way for you to get the result you are looking for.
You are welcome to be involved if you feel someone important to you needs help. However, we must speak directly with the owner of the property throughout the process as well.
Absolutely. We want to know the current 'as is' value of your property, which includes and repairs or improvements you may have already done.
Our site is secured, which can be verified by looking at the URL in your browser. We will also never rent, share, or sell your information without your explicit permission.
Accepting & Closing
We will email you a short and simple purchase and sale agreement that you can sign on your phone or computer.
Once we know you're committed to us and we're committed to you, we will send a local team member out to inspect the property. As long as no unexpected repairs or improvements pop up during the inspection, we will open escrow, start the title search, and schedule the official closing date.
You can also just take pictures and email them to us if you would prefer that we see your house before accepting an offer.
Don't worry. We will guide you through every step of the process.
We usually close in 30 days, but we can close in as little as a few days in urgent situations. The only potential challenge in an urgent close is the title must be clear to transfer ownership.
This is one of the bigger reasons it's so easy when you sell to us, we pay always pay for our seller's closing costs.
There are two options here:
1. You can simply take pictures with your phone and email them to us.
2. We can send a local team member out to physically inspect your property once we know you're committed to us and we are committed to you.
Great question. Give your tenants a notice within the guidelines of your agreement, and then we can schedule a time that works for everyone. We are flexible.
You don't have to lift a finger. For example, if the carpet needs to be replaced, vacuuming isn't going to change that repair costs. Save yourself the time and energy. That's why you want to sell 'as is' after all, right?
We are looking to see what big ticket items might need replaced. For example, roof, a/c unit, carpet, kitchen cabinets, etc...
If you haven't been to the property in a while and it needs more work than you remember, don't worry. It's as simple as adding an addendum to our original purchase and sale agreement that adjusts the purchase price to accurately reflect the 'as is' condition.
The title company will automatically appropriate the funds at closing.
Let's say the agreed purchase price is $300,000, and you owe $150,000. The title company will wire $150,000 to your mortgage lender clearing the title for transfer, and then wire or cut you a certified cashier's check for the remaining $150,000.
It's a simple as adding an addendum to our original purchase and sale agreement. We understand life happens, so we are flexible.
You can take what you want and leave the rest for us to dispose of. Again, we're all about making life easier for you.
In most cases, we prefer that you are moved out by closing day.
Time dramatically increases our risk and costs after purchasing a property, especially in these uncertain times.
That said, we can work with you for short periods of time. Fees may apply if you need more than a week or two due to increased risk.
The easy way solution is to schedule the closing date within a week or less from when you can move out, even if that is 2 months from now.