FAQs

No, we will purchase it if the numbers make sense.

No, the number we offer is the you will roughly walk away with. The only thing you will be responsible for is covering the pro-rated property taxes for the year and covering any outstanding water charges for the property.

Yes. We will work with you to tailor our purchase contracts to close when it is most ideal for you and can close in as little as 10 days or as far out as 365 days. If you need the funds now to find a replacement property, we are also willing to give you a post occupancy agreement after we close to give you the time and money you need for your move.

One of the biggest misconceptions about companies similar to ours is that we are only interested in purchasing houses that need a lot of renovation work; that isn’t the case with us. It can be a house/townhome/condo in need of renovations, a private residence or nice maintained rental property with a long-term lease, a multifamily property, or even developable land, etc. Our team has experience buying all property types so if the numbers and terms make sense, we would love to buy it!

The analogy our owner likes to use is “we are the Carmax of buying properties.” If you are concerned about making the absolute most you can on your property, we would always suggest you go to the MLS; if you decide to go that route, we have two licensed real estate brokers that can help you with that (Taylor and Leslie). However, if you decide to list on the MLS, you’re going to have to manage showings, keep the property constantly clean, work with tenants, negotiate inspection items, and sometimes deal with a buyer not being able to close because of financing issues. While some sellers are willing to deal with these hassles, others don’t want the stress and want the certainty of having an iron clad deal! That is where working with a company like ours can be advantageous.

We are a smaller house flipping company (3 people), that has been around for 15+ years and have successfully completed hundreds of transactions all over the Denver Metro Area. We have very little overhead, know the different sub-markets well, manage and design our own projects, and because of that can generally offer more than some of the other, bigger house flipping companies out there. Point being, if selling directly to an investor is the route you want to go we can compete with the best of them.

We encourage people to explore multiple options before selling their property to us. Selling a property is a big deal and we don’t mind competing against other companies, we expect it to happen. If someone makes a better offer for the property than we are comfortable with making, we understand why you would go with them, but there are lot of investors that will promise the world to sellers only to not deliver.

Here are some things to look for when deciding to work with a buyer and how SBMP Ventures specifically handle these situations in our purchase contracts.

• Long Inspection Objection Date in Purchase Contract: There are a portion of ‘buyers’ in the real estate industry that make their money by assigning or flipping contracts to other real estate investors. One sign that you are working with a buyer that is trying to do this is they may include a longer inspection objection and termination period in the purchase contract. Inspection objection/termination clauses in the real estate contract are the most common way buyers can get out of a deal “scot-free” because they can cancel the contract for any reason. What these ‘buyers’ do is try to find another investor to buy the contract off them at a higher price than what they agreed to pay the seller and they make their money on the difference in those purchase prices. If they aren’t able to find a buyer for the contract before the inspection objection/termination period expires they will do one of two things 1.) try to renegotiate 2.) if they can’t renegotiate, they will cancel the contract, have you refund their earnest money and you will be back at square one 2-4 weeks later!

  What we do… Our preferred method for offering on properties is to get access to the property before we write a contract so we can remove all contingencies in the contract. If we have seen the property, we generally don’t need to have it inspected, and if we do, we will specifically outline in the contract what we want looked at further in the ‘Additional Provisions’ section of the contract.

• Verifiable Funds: It very easy for an investor that is offering cash for a property to provide a bank statement to the seller verifying they have the funds in their account to purchase the property. If your potential buyer is unwilling to provide you with this statement in short order than that is another sign that they don’t have the cash and are trying to resell the property to another investor, and you should be cognizant of that.

  What we do… We will send Proof of Funds with any purchase offer we send upon request.

• Get a Large Earnest Money Deposit quickly: Not all sellers know that even if a deal is CASH, with no inspection contingencies, that a buyer can still walk without having to close on property. For any real estate contract to be considered enforceable the buyer must put up some collateral in the form of Earnest Money as a sign of good faith that they will abide by the terms of the contract, or they will have to forfeit that Earnest Money to the seller. A legitimate Cash buyer will have no problem depositing at least 3-10% of the purchase price as Earnest Money within a day or two after both seller and buyer have signed the contract.

  What we do… On faster closing deals we don’t have any problem putting down 10% upfront as a sign of good faith that we will get the property closed.

• Put it in Writing: It is normal for Leslie and Taylor (our acquisitions managers) to hear from sellers “well so-and-so called me and offered me _____ for my property, your number is lower than that.” Our next question to the Seller is “have they put their offer in a contract?” Traditional real estate contracts do not take a long time to put together (an hour or so) and if an buyer is serious they should not have any problem getting you a contract in pretty short order after seeing the property. It is important to see a written contract as soon as possible so you know the terms of the transaction, because often those are just as important as the purchase price!

  What we do… Mike (our owner) works closely with our acquisitions managers and since Mike manages all our renovation projects, he knows what it costs to get the work done. If either Leslie or Taylor calls with an offer you can rest assured that Mike has approved that number and they will be able to produce a contract by End of Day if requested.