What are the steps to purchasing properties with InvestWithBen.com?
When You’re Ready to Get Started…
Follow These Steps to Identify and Prequalify for a Property:
Sign-up For Inventory Access – Simply enter your name, email and phone at the bottom of the home page!
Website access to our inventory and timely email notifications of investment opportunities are only available to our subscribing members.
Whitelist Email From ‘@investwithben.com’ and ‘Ben Grise’
This is important. If our property emails are redirecting to another folder inside your email client, then you’ll miss out on timely property notifications. The majority of our properties sell in a matter of days. Therefore it’s critical for our emails to arrive in your inbox. For a quick way to whitelist our emails on your preferred email provider follow the directions here:
Complete Due Diligence for Property
We will not execute contracts with our clients until they’ve completed their due diligence. Many of our clients waive the due diligence period to avoid losing the property to other investors. Our properties sell very fast and to the highest and best offer, and sometimes sight unseen. We offer you as much information about the property that we can. The details that we gather about each property are a result of inspections, county records, old listings, and previous seller information. However, it is up to you to complete your due diligence. All of our properties are sold “AS IS.” Seller does not warranty or guarantee any information on sold properties. Variances may happen.
Review Pre-Qualification Requirements
We only accept cash offers. We do not accept offers through conventional bank financing. We do require proof of funds or a financing letter from a credible private or hard money lender before you are approved to purchase inventory.
Once You’re Signed Up and Approved…
Follow These Steps to Submit an Offer:
Email Your Offer
Completed offers can be emailed to: [email protected]
We will respond to your offer within 1 business day.
No offers will be accepted within first 24 hours a property is sent out in order to allow fair chance for all buyers to view the property.
If multiple offers are submitted within that 24 hour period, we will move into Highest and Best scenario. A short offer deadline will be set. All offers will be kept confidential. Only one single offer allowed. No escalation clauses. Strongest offer will be accepted after deadline.
Deposit Earnest Money
You must put down at least $5,000 of non-refundable earnest money, to be credited towards your purchase price for the offer and contract to be complete. Once your earnest money is received we will acknowledge the sale and proceed to closing. We continue to market each property until we receive the earnest money deposit. All offers are subject to Prior Sales and Withdrawals. We may require more EM for purchases over $200,000.
After the contract and earnest money is received our preferred attorney or title/escrow company will schedule the closing. Funds for the closing need to be wired 24 hours prior to closing.
Review our Purchase Terms
Please read through all purchase terms. We do the same terms for every deal we sell, and are non-negotiable on these terms. You can find them at the bottom of every property email we send.
- No inspections or contingencies.
- 14 day closing or sooner (unless specified by seller)
- All due diligence you desire must be performed before offer is made
- PA must be signed the same day it is sent to buyer
- $2,500 Non-refundable EM must be wired within 24 hours of PA being signed (subject to go over 2.5k if property price exceeds 150k)
- Taxes are paid by buyer at next installment (Any delinquent taxes will be paid by us, the seller, prior to closing.)
- All closing costs are paid by buyer
- Title company used will be Hocker and Associates