Sell House Definitions G-O2020-08-29T20:44:28+00:00

Sell Your Home: Definitions

Selling your home is all about financial transactions and legalities. Bottom line, you need to understand the lingo. Here is an abbreviated list of terms you should know.

grantee
The person to whom an interest in real property is conveyed.
grantor
The person who conveys an interest in real property.
home inspection
A professional inspection that evaluates the structural and mechanical condition of a property, including the plumbing, heating and cooling systems, roof, wiring, foundation, and pest infestation. A satisfactory home inspection is often included as a contingency by the purchaser.
homeowner’s warranty
Insurance offered by a seller that covers certain home repairs and fixtures for a specified period of time. Buyers often ask the seller to pay for this coverage as a condition of the sale, but either party can pay.
interest
The fee charged for borrowing money.
joint tenancy
A form of ownership in which each party owns the whole property; ownership is not separate. If one of the parties dies, the survivor still owns the entire property.
judgment
A decision made by a court of law. In judgments that require the repayment of a debt, the court may place a lien against the debtor’s real property, as collateral for the judgment’s creditor.
legal description
A property description, recognized by law, that is sufficient to locate and identify a property.
liabilities
Debts and other financial obligations.
lien
A legal claim against a property that must be paid off when the property is sold. A mortgage or first trust deed is considered a lien.
liquid asset
A cash asset or an asset that is easily converted into cash.
maturity
The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.
mortgage
A legal document or loan that pledges a property to the lender as security for payment of the debt. Instead of mortgages, some states use first trust deeds.
mortgage broker
An independent finance professional who, for a fee, brings together borrowers and lenders to facilitate real estate mortgages. In Ohio, mortgage brokers must be registered and their loan officers must be licensed.
mortgagee
The lender in a mortgage agreement.
mortgage insurance (MI)
Insurance that protects lenders against losses resulting from a borrower’s default on a home loan. MI is usually required if the borrower’s down payment is less than 20 percent of the purchase price.
mortgage insurance premium (MIP)
The amount paid by a mortgagor for mortgage insurance, either to a government agency, such as the Federal Housing Administration (FHA), or to a private mortgage insurance (PMI) company.
mortgagor
The borrower in a mortgage agreement

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Multiple Listing Service (MLS)
A clearinghouse through which member real estate brokers exchange information about properties and share commissions with members who locate buyers.
notice of default
A formal written notice to a borrower that a default has occurred and that legal action may be taken.
offer
A formal bid from a prospective buyer to purchase a property. It may stipulate any concessions the buyer wants, appliances that are expected to be included in the sale, and other factors that the buyer wants the seller to consider.

We Buy Houses In Cincinnati, OH.

We’ve already bought more than 650 houses in Cincinnati. If you’re ready to sell, then We Buy Houses Cincinnati would like to make an offer for yours.
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Cincinnati Property Twins Mitch and Matt Painter buy houses “as is.” You don’t need to make repairs or improvements of any kind (our partners handle that). Revitalizing Cincinnati homes is a passion of the Painter twins, who believe in making it super easy for sellers to sell. They understand your need for execute quickly and can close in 10 days. If you’re looking for cash home buyers, Mitch and Matt are ready to do business with you.

“Mitch and Matt Painter made me a fair offer and bought my house very fast. They didn’t have to get a loan and were able to close right away. They were easy to work with and I was happy with the experience. I would recommend the Painter twins to anyone looking to sell their house.” -Jennifer Sharon

Why Sell To Us?

We buy houses “as is.” You don’t need to make any improvements (our partners take care of that end). Revitalizing Cincinnati homes is a passion of the Painters, who also believe in making it incredibly easy for sellers to sell. Bid lengthy closings goodbye. We understand your need for faster execution and closing. If you are looking for a direct house buyer, your friendly cash home buyers, Mitch and Matt, are more than happy to help!

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Frequently Asked Questions

Why don’t you care if my house is a mess?2020-08-16T23:17:40+00:00

In almost all cases, the houses the Painters buy are going to be renovated. As we said on our home page, we buy the good and the bad. Room dimensions and overall layout of the house are among the most important factors. Other major considerations are the age of major systems, including plumbing, electricity, and HVAC. Cosmetic repairs are of no concern; we simply expect to clean out and repair any property we buy. We often suggest sellers take only the belongings they wish to keep and leave the stuff they don’t want, to make the selling process as easy as possible for them.

What if my property is in probate?2020-08-16T23:20:34+00:00

The Painter twins specialize in probate property. We’re very familiar with the process and can work through it with you. We can easily make our purchase contingent upon approval by a probate court, to relieve you of worries about being held to the contract if the probate court doesn’t release the property. We’re very flexible with our timing as well. If your probate case takes longer than expected, or you need more time for any reason, no problem. Call or text us at 513-445-2274 or respond here to begin the process of having the Cincinnati Property Twins buy your probate house.
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Is We Buy Houses A Scam2020-09-08T16:58:05+00:00

Lots of “We Buy Houses” and “Sell Your House Fast For Cash” companies are operating these days. But unlike the majority of house buyers, the Painter twins use cash or an existing line of credit to buy houses. Because of this, they can close in as little as 10 days. Mitch and Matt Painter make it easy for Cincinnati property owners to sell a house “as is” – fast! They have a proven track record of buying houses for cash and the reviews to back it up. If you want to quickly sell your house, the Cincinnati Property Twins make it easy.

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I need to sell my house fast, for a fair price. What’s in it for you?2020-08-16T23:17:11+00:00

The Painter twins are Cincinnati real estate investors who buy houses needing renovation – and TLC. They buy at a fair price and have partners make each property “like new.” From there, the house is sold at a reasonable profit. Each renovation project takes significant capital, risk, and hard work. The average project takes 3-5 months to complete. The Painters tend to pay more than other buyers, and are able to buy homes without having to get a loan.

How does your selling process work?2020-08-16T23:18:34+00:00

The Painter twins make it easy for Cincinnati property owners to sell a house “as is” – fast! Call or text us at 513-445-2274 or respond here to give us some basic information about your property. From there, we’ll typically be able to make a ballpark offer with 24 hours, even if we don’t initially get the chance to see the inside of your house. Once we agree on a price, we’ll sign a simple one-page purchase contract and set up the closing. All you have to do is show up to add your signature on the day of closing. That’s all there is to selling your house for cash!
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How come you don’t need to get financing to buy my house?2020-08-16T23:18:04+00:00

Unlike the majority of buyers, the Painter twins use cash or an existing line of credit to buy Cincinnati houses. Because of this, they can close in as little as 10 days. This means sellers avoid surprises – like a problem securing financing, and thus, a deal falling through – and receive their cash very fast. Since the Great Recession, it’s become more difficult for buyers to get financing. That’s why it’s often risky to sell to a buyer who needs to get a loan.

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