Real estate agents have only been around since the early 1900's when the National Association of Realtors was formed to avoid federal oversight by promising to self regulate. In the beginning agents would claim to be land contract experts going to houses for sale to put their signs in the yard (keeping them there through intimidation and threats). Stephen Levitt's book Freakonomics in 2005 proved that agents are only interested in their commissions not the interest of their clients. A 2008 study in the National Bureau of Economic Research showed that people who list with agents receive a lower sale price for their homes. Other studies have linked bad practices of real estate agents, banks, mortgage brokers and title companies to the frequent real estate bubbles and economic downturns. By selling your property to real estate investor's like us, you will get more value from your home, a higher price, no closing costs, and a quicker sale! We are more heavily regulated than agents and therefor have a higher operating standard! The laws favor you, the homeowner over us, the business, so the worst case scenario is that you retain the property, improvements, payments, and all.
We purchase houses using a Land Contract. Land contracts have been around in common law form for hundreds of years, but codified in 1535 in England, and 1640 in Virginia. The Land Acts in the 1700-1800's established federal oversight, and regulatory amendments have been made to it ever since, the most recent in 2015. On the Federal level, this type of sale is overseen by the Consumer Financial Protection Bureau (CFPB). All transactions are required to be recorded with the county as required by the state. We use a Real Estate Attorney on all of our transaction to ensure county, state, and federal compliance.