Perfect RentalsFrequently Asked Questions
We compiled a list of frequently asked questions. If you cannot find what you are looking for, please contact us with your question.
Is it true that you pay $1000 for successful referrals?
Yes! We pay $1000 for successful referrals. If you tell us about someone who wants to sell their property, and we buy it, we will pay you $1000 at closing. Visit our referrals page for more information.
ReferralsHow does selling my home to you work?
Our buying process is fast and simple. First, you complete and submit our no obligation quote form. We review it and contact you to discuss the property and ways we can buy our property. If we all agree, you accept the offer. We then inspect the home, perform our due diligence tasks, and schedule the closing. In many cases, it takes less than 21 days.
Selling To UsProcessIs this a high pressure sales thing?
No! We are not sales people - we are your perfect buyers. We are a small family business - not a big corporation. We will ask you questions, listen to your situation, and customize a win-win solution that works for all. You decide if you want to continue to sell to us. We hope you will choose us, but if not, that's okay too. We buy houses from people who have decided to sell to us months or even years after we first talked.
Selling To UsProcessWhat information do you need to make an offer?
We only collect necessary information either in the no obligation quote form, over the phone, or by text message to analyze your property and make an offer. For instance, we need the property address to look up the property information, we need your contact information to share the offer with you, etc.
Selling To UsData PrivacyOfferHow long does it take to get an offer?
We can usually get you an offer within 24 hours of receiving your property information and talking to you. If we need more information, we will contact you, so it depends on the time it takes to get your responses. For properties that require a lot of work, we may need to visit the property before we can make an offer.
Selling To UsProcessI have a mortgage on my property. Can I still sell it to you?
Yes! We can buy your property keeping the mortgage in place.
Selling To UsMortgagesDo you buy properties that are in foreclosure, pre-foreclosure, behind in payments, or have tax arrears?
Yes. In many cases we can buy your property directly from you and help you avoid foreclosure with your lender. Foreclosure is a very stressful and difficult time, and we can help you get through it. We can also help you if you are behind in payments, have tax arrears, or if you have liens on your property.
Selling To UsForeclosureTaxLiensDo you purchase properties for cash?
Yes! We can buy your property for cash. Cash offers are usually for distressed properties (for example, "fixer uppers" - properties that need a lot of work to get them ready). In these cases, we prefer to buy the property for cash and the seller collects their check at closing.
Selling To UsPaymentCashHow does the closing process work?
Closing on a property involves finalizing the sale of the home. It is the same basic process whether you buy from us or use traditional realtors. Closing typically includes signing all legal documents, transferring funds, and recording the transaction with the appropriate authorities. Once everything is complete, ownership of the property officially transfers from the seller to the buyer.
Selling to UsClosingProcessWhen I sell my home, when do I get my cash?
Every property is unique, so each property we buy has different terms to get the seller their money. For fixer uppers (in other words, distressed homes - properties that need a lot of work to get them ready) we prefer to buy the property for cash which is provided to the seller at closing. For turn key properties, we can offer you a higher price if we buy the property with terms. Terms of each property purchase are unique to the property and the seller.
Selling To UsPaymentCashWhat are "terms"?
A popular way we purchase turn key homes is that we buy it with terms. That means once we agree on the price, we'll buy your house, close when you're ready, and begin paying your monthly mortgage payments on your behalf. We will pay the taxes, insurance, closing costs, fees and take care of all of the upkeep. Terms may also include cash at closing and a future balloon payment. Each purchase offer is unique to the property and the circumstances of the seller, so the terms are unique to each offer. Generally, we can offer you a higher price if we buy the property with terms.
TermsSelling To UsWhat is seller financing?
Seller financing is when the seller provides financing for the buyer. We can buy your property using seller financing. This is an excellent option to sell your turn key home (properties that are "move in" ready) if own your property free and clear, or if you have an existing mortgage with a lender.
What if I still have stuff in my property?
No worries! Take everything you own and want, and anything left behind we will dispose of free of charge.
Repairs and CleaningSelling To UsWhat if I'm not in the same location as my house I want to sell?
We buy houses virtually and in-person. In fact, we use many different technologies to make your selling experience fast and easy. We can call you (or use video calling) as needed. If there is someone you can use to help us access the property we can tour the house in person or virtually. We can also do a virtual close with attorneys if needed. We can send and sign all required documents using electronic signatures (for instance, using services like DocuSign).
ClosingInspectionLocationsWhat if my house needs lots of repairs before selling?
We buy houses in any condition. Just mention any needed repairs on the repair section of the no obligation quote form.
Repairs and CleaningSelling To UsI'm a landlord. Can I sell you my property that is currently a rental?
This may depend on the laws of the state where the property exists. If you are currently a landlord, and you have a tenant renting the house you want to sell, just mention it to us in the Additional Information of the no obligation quote form. We will discuss your situation and evaluate each property on a case by case basis.If there is no renter, we can buy the property as is, and you can leave the property as is.
RentalsSelling To UsI have a house I want to sell that is not in Colorado. Can I still sell it to you?
Yes! While we specialize in properties on the front range of Colorado, we do buy properties across the United States. Provide the full address of the property in the no obligation quote form to get started.
LocationsSelling To UsWhy should I sell to you, instead of using a realtor?
If you sell your home using a realtor, you will typically pay around 5-6% of the sale price in agent commissions as compensation for the services they provide to you and to the buyer of your home. Realtors provide services to the seller including listing your home on the MLS, advising you on making your home more market friendly, and showing our home to prospective buyers. As real estate investors, we do not use realtors so you do not pay any commissions. Also, since we buy quickly and pay all closing costs, you will not need to continue paying expenses associated with the home like the mortgage, insurance, taxes, and utilities while waiting for your home to sell. Selling to us means no fees or closing costs, ensuring the best price for your home and a hassle-free experience. If you are already using a realtor and want to sell to us, we can work with your realtor to make the process as smooth as possible.
Selling To UsRealtorsDo you work with realtors?
Yes, we work with realtors. If you are a seller, we often purchase homes directly from sellers, and we also purchase homes listed with realtors. If you are interested in selling to use, submit the no obligation quote form to get started. If you are a realtor, please contact us to discuss how we can work together to get your listings sold.
Selling To UsRealtorsWhat do you do with the data I share with you?
If you are selling a property, we use the data you share with us to make you the best offer possible. If you are applying for our Rent To Own program, we use the data you share with us to determine eligibility for the program. We do not sell your data to anyone else. For more detailed information, please read our Privacy Policy.
Data PrivacyPrivacyWhat are the minimum qualifications of the Rent To Own program?
We require an up-front down payment that will be applied against the purchase price when you do eventually close on the property. Generally, your down payment will be between 3-10% of the purchase price, depending on the home and your personal situation. Other than that, a commitment to diligently work with us to convert you from a home renter to a home buyer by the end of the lease term is the most important qualification. A poor credit score will not disqualify you from this program, so don't hesitate to contact us if you need help or have questions about qualifying.
Rent to OwnRTOQualificationsCan I still do the Rent To Own program if I don't qualify?
No, unfortunately not. It wouldn't be fair for us to put you into a home and have you make rent payments if we know you won't qualify to buy at the end of the rental period. However, we are frequently adding new homes to our inventory. If you don't qualify today for a specific home, you may qualify for another in the near future. We encourage you to check back with us often to see what is available.
Rent to OwnRTOQualificationsDo I have to pay any fees or commissions for the Rent To Own Program?
Perfect Rentals is not a real estate agency so we don't charge any commissions when you buy a home through us. As with anyone who buys a home, you are required to put a down payment of 3-10% of the purchase price, which will be fully credited to your final purchase price at closing. Beyond this, you'll make regular monthly rent payments and cover the usual costs associated with home ownership.
Rent to OwnRTOFeesDo my rental payments go towards the purchase price of the home?
No. Although consider it this way — you're already making rent payments somewhere. At least with a rent-to-own home, you know that these payments will pay off down the line and help you secure the home you want today.
Rent to OwnRTOPaymentsWhat if I'm still not able to qualify after my lease ends?
This rarely happens because we don't accept people into the program unless we're confident they'll qualify for a mortgage loan after the lease period ends. However, in the unlikely event this occurs, we may be able to renew your lease if we're confident you need a little more time to qualify for a mortgage loan.
Rent to OwnRTOLeaseHow long is the average lease period?
The length of the rental period is based on an evaluation from our third party credit consulting agency and mortgage consultant. In many cases, lessees can qualify to purchase in anywhere from 12-24 months. However, the length of the lease period is ultimately determined by your unique situation and the home you're interested in.
Rent to OwnRTOLeaseWho is the Rent To Own program for?
The Rent To Own (RTO) program is for anyone that wants to buy a home now but can't qualify for a mortgage loan today. Most importantly, this program is for people who are willing to invest the time and energy to correct their credit so they can qualify for a mortgage. Alternatively, this program is perfect for someone who can qualify for a loan today, but just wants to wait an extra year or two to save for a down payment, get better loan terms, or needs "seasoning" in the eyes of the lender. You can apply to the RTO program today if this is a good fit for you.
Rent to OwnRTOQualificationsWho isn't the Rent To Own program for?
This program is not for anyone who wants an overnight miracle or is unwilling to put in the time and effort to fix no credit or bad credit.
Rent to OwnRTOQualifications