Stewart Beal talks about his “super-size house hacking,” BRRR, property management, and lessons for becoming a successful investor. Enjoy the show!

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468-Unit House Hack w/ Stewart Beal - OfferMarket Podcast

OfferMarket Podcast, Episode 1: 468 Unit SUPER SIZE House Hack with Stewart Beal

<br>

Looking for a DSCR loan for your Virginia rental property? Welcome, you've come to the right place! Wherever you are in your real estate investing journey, we are here to help you. 

<br>

We know you may be in a hurry, but please take a moment to **[get an instant quote](https://www.offermarket.us/loans)**, and take  advantage of our insights and resources to help ensure your next DSCR loan is a success:

<br>

- [DSCR Loan Interest Rates Index](https://www.offermarket.us/blog/dscr-loan-interest-rates)
- [DSCR Calculator](https://www.offermarket.us/tools/dscr-calculator)
- [Off market listings](https://www.offermarket.us/listings)

<br>

Being headquartered in Maryland, we are very familiar with the Virginia rental property market. In our view, Virginia is positioned as a compelling market for long term home price and rent appreciation. We're fortunate to serve a growing number of wonderful clients in the state and we certainly hope to have the opportunity to be of service to you!

<br>

Here are frequently asked questions from our Virginia clients:

<br>

## What is a DSCR loan?

<br>

A DSCR  loan is simply a mortgage specifically for a rental property where the maximum loan amount is determined by the DSCR (Debt Service Coverage Ratio) of the property. DSCR is Rental Income divided by Monthly Mortgage Payment. As your loan amount increases, your monthly mortgage payment increases, and your DSCR decreases. 1.1 is currently the minimum DSCR to qualify for a given loan amount. Use our [DSCR Calculator](https://www.offermarket.us/tools/dscr-calculator) to help you run your numbers, understand DSCR, max loan amount, monthly cash flow, cash to close and cash out for your next deal.

<br>

## Can I cash out refi with no seasoning?

<br>

Yes! OfferMarket is one of the only private lenders with a [cash out refi no seasoning](https://www.offermarket.us/blog/cash-out-refi-no-seasoning) program. Instead of waiting for 6 months to refinance your rental property, you can refi as soon as your renovation is completed and the property is leased. Why should you have to wait to pull cash out of a property and reinvest it into growing your business?

<br>

## Do I qualify for a DSCR loan?

<br>

**Borrowing Entity:** Because our loans are business purpose, we only fund loans to business entities. If title is currently held in your personal name, you would need to transfer it into an LLC or corporation before we can fund.

<br>

**Credit Score:** the minimum credit score is 660. If you have more than one borrower in your borrowing entity, the ownership of each member will determine which credit score we use. If you do not want to use one of the member's credit score, they will need to own less than 50% of the borrowing entity. We use a [tri merge credit report](https://www.offermarket.us/blog/what-is-a-tri-merge-credit-report), which is a hard credit pull that collects your credit report from Experian, Equifax and Transunion, and we take the middle score. So, if your tri merge report is 721, 697, 738, then we will use 721 to determine your loan terms.

<br>

**Background Check:** if you have a clean background report, then you're all set. If you have one or more bankruptcy, felony or misdemeanor on your background report, then we will need you to provide a letter of explanation to determine if you are eligible for funding.

<br>

**Non-Rural:** if your property is [designated as rural](https://www.offermarket.us/blog/rural-designation-search-tools) or the appraiser indicates that your property is rural on their appraisal report, then we may not be able to fund your loan. DSCR loans are meant for properties in highly liquid markets where you can quickly sell the property for market price if need be.

<br>

**Minimum As Is Value:** currently, we require your property to appraise for at least $100,000, and we require your loan amount to be at least $75,000.

<br>

## What is the maximum DSCR loan amount?

<br>

**Purchase:** we can fund up to 80% of the purchase price as long as the property does not appraise for below the purchase price, and the appraisal market rent supports that loan amount.

<br>

**Rate and term refinance:** if you have an existing loan on the property, we can refinance up to 80% LTV as long as you do not receive more than 2% of the loan amount as a cash out at settlement.

<br>

**Cash out refinance:** we can fund up to 75% LTV.

<br>

If you're looking for more higher leverage than the above terms (i.e. higher LTV, lower down payment), we urge you to use caution because legitimate DSCR lenders will rarely offer more leverage than what is offered by OfferMarket.

<br>

## How long does it take to get a DSCR loan?

<br>

Our target for every DSCR loan is to fund in **20 to 25 days**. Here are the most common reasons why funding can be delayed:

<br>

**Appraisal delay:** 3rd party appraisers provide a report due date but may miss that deadline. The appraiser's report may need to be revised and the appraiser may be delayed in providing their revised report.

<br>

**Title work delay:** title companies and closing attorneys may take more time to complete the title work, especially if they are waiting on a lien certificate from a the county or title is clouded. 

<br>

**Borrower delay:** in your OfferMarket Loan File, we provide you with a checklist of items that we need in order for your file to be ready for final review and loan approval. Our processing team will follow up to remind you when there are items that we need you to take care of, and if you do not take action on these items in a timely manner, then your loan will be delayed.

<br>

## Best cities to buy rental properties in Virginia

<br>

We see considerable distortion in the Virginia rental market due to proximity to Washington DC. In the DC metro area and surrounding suburbs, home price increases and limited inventory have discouraged 1 to 4 unit rental investment. The best value for rental property investors in Virginia may well be in smaller markets removed from DC, such as those home to the largest universities in the state.

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>University</th>
    <th>City</th>
    <th>County</th>
    <th>Population</th>
    <th>Population Growth</th>
    <th>Median Home Price</th>
    <th>Market Rent</th>
    <th>Crime Score</th>
    <th>School Rating</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>University of Virginia</td>
    <td>Charlottesville</td>
    <td>Albemarle</td>
    <td>21,000</td>
    <td>0.4%</td>
    <td>$450,000</td>
    <td>$1,800</td>
    <td>1,900</td>
    <td>9/10</td>
  </tr>
  <tr>
    <td>Virginia Tech</td>
    <td>Blacksburg</td>
    <td>Montgomery</td>
    <td>32,000</td>
    <td>0.6%</td>
    <td>$300,000</td>
    <td>$1,200</td>
    <td>2,500</td>
    <td>8/10</td>
  </tr>
  <tr>
    <td>George Mason University</td>
    <td>Fairfax</td>
    <td>Fairfax</td>
    <td>38,628</td>
    <td>3.4%</td>
    <td>$400,000</td>
    <td>$1,600</td>
    <td>2,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>Virginia Commonwealth University</td>
    <td>Richmond</td>
    <td>Richmond</td>
    <td>31,741</td>
    <td>0.5%</td>
    <td>$350,000</td>
    <td>$1,400</td>
    <td>2,200</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>James Madison University</td>
    <td>Harrisonburg</td>
    <td>Rockingham</td>
    <td>22,000</td>
    <td>0.4%</td>
    <td>$275,000</td>
    <td>$1,100</td>
    <td>1,800</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>Old Dominion University</td>
    <td>Norfolk</td>
    <td>Norfolk</td>
    <td>25,000</td>
    <td>0.6%</td>
    <td>$325,000</td>
    <td>$1,300</td>
    <td>2,300</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>Christopher Newport University</td>
    <td>Newport News</td>
    <td>Newport News</td>
    <td>15,000</td>
    <td>0.5%</td>
    <td>$250,000</td>
    <td>$1,000</td>
    <td>1,500</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>Norfolk State University</td>
    <td>Norfolk</td>
    <td>Norfolk</td>
    <td>14,000</td>
    <td>0.4%</td>
    <td>$225,000</td>
    <td>$900</td>
    <td>1,300</td>
    <td>5/10</td>
  </tr>
  <tr>
    <td>Radford University</td>
    <td>Radford</td>
    <td>Radford</td>
    <td>13,000</td>
    <td>0.3%</td>
    <td>$250,000</td>
    <td>$1,000</td>
    <td>1,500</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>Virginia State University</td>
    <td>Petersburg</td>
    <td>Dinwiddie</td>
    <td>9,000</td>
    <td>0.2%</td>
    <td>$200,000</td>
    <td>$800</td>
    <td>1,200</td>
    <td>4/10</td>
  </tr>
</tbody>
</table>
</div>

<br>

## Virginia Rental Markets

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Rank</th>
    <th>City</th>
    <th>County</th>
    <th>Population</th>
    <th>Population Growth Rate</th>
    <th>Median Household Income</th>
    <th>Median Home Price</th>
    <th>Market Rent</th>
    <th>% Renters</th>
    <th>Crime Rate</th>
    <th>School Rating</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>1</td>
    <td>Virginia Beach</td>
    <td>Virginia Beach</td>
    <td>457,672</td>
    <td>1.2%</td>
    <td>$95,692</td>
    <td>$360,000</td>
    <td>$1,500</td>
    <td>35%</td>
    <td>1,240 per 100,000</td>
    <td>8/10</td>
  </tr>
  <tr>
    <td>2</td>
    <td>Chesapeake</td>
    <td>Chesapeake</td>
    <td>251,269</td>
    <td>0.9%</td>
    <td>$85,456</td>
    <td>$300,000</td>
    <td>$1,200</td>
    <td>30%</td>
    <td>1,080 per 100,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>3</td>
    <td>Norfolk</td>
    <td>Norfolk</td>
    <td>235,089</td>
    <td>0.8%</td>
    <td>$78,544</td>
    <td>$275,000</td>
    <td>$1,100</td>
    <td>25%</td>
    <td>1,000 per 100,000</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>4</td>
    <td>Richmond</td>
    <td>Richmond</td>
    <td>226,604</td>
    <td>0.7%</td>
    <td>$82,345</td>
    <td>$290,000</td>
    <td>$1,150</td>
    <td>28%</td>
    <td>1,050 per 100,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>5</td>
    <td>Newport News</td>
    <td>Newport News</td>
    <td>185,069</td>
    <td>0.6%</td>
    <td>$80,234</td>
    <td>$280,000</td>
    <td>$1,100</td>
    <td>27%</td>
    <td>1,020 per 100,000</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>6</td>
    <td>Alexandria</td>
    <td>Alexandria</td>
    <td>158,185</td>
    <td>0.5%</td>
    <td>$100,723</td>
    <td>$400,000</td>
    <td>$1,600</td>
    <td>35%</td>
    <td>1,300 per 100,000</td>
    <td>9/10</td>
  </tr>
  <tr>
    <td>7</td>
    <td>Hampton</td>
    <td>Hampton</td>
    <td>136,748</td>
    <td>0.4%</td>
    <td>$75,123</td>
    <td>$260,000</td>
    <td>$1,050</td>
    <td>25%</td>
    <td>970 per 100,000</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>8</td>
    <td>Roanoke</td>
    <td>Roanoke</td>
    <td>99,578</td>
    <td>0.3%</td>
    <td>$70,812</td>
    <td>$250,000</td>
    <td>$1,000</td>
    <td>23%</td>
    <td>900 per 100,000</td>
    <td>5/10</td>
  </tr>
  <tr>
    <td>9</td>
    <td>Portsmouth</td>
    <td>Portsmouth</td>
    <td>97,454</td>
    <td>0.2%</td>
    <td>$68,901</td>
    <td>$240,000</td>
    <td>$950</td>
    <td>22%</td>
    <td>850 per 100,000</td>
    <td>5/10</td>
  </tr>
  <tr>
    <td>10</td>
    <td>Suffolk</td>
    <td>Suffolk</td>
    <td>93,268</td>
    <td>0.2%</td>
    <td>$72,690</td>
    <td>$250,000</td>
    <td>$1,000</td>
    <td>24%</td>
    <td>920 per 100,000</td>
    <td>5/10</td>
  </tr>
  <tr>
    <td>11</td>
    <td>Lynchburg</td>
    <td>Lynchburg</td>
    <td>78,973</td>
    <td>0.3%</td>
    <td>$74,356</td>
    <td>$260,000</td>
    <td>$1,050</td>
    <td>26%</td>
    <td>950 per 100,000</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>12</td>
    <td>Dale City</td>
    <td>Prince William</td>
    <td>73,716</td>
    <td>0.1%</td>
    <td>$71,123</td>
    <td>$250,000</td>
    <td>$1,000</td>
    <td>25%</td>
    <td>900 per 100,000</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>13</td>
    <td>Centreville</td>
    <td>Fairfax</td>
    <td>73,064</td>
    <td>0.1%</td>
    <td>$78,901</td>
    <td>$275,000</td>
    <td>$1,100</td>
    <td>27%</td>
    <td>1,000 per 100,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>14</td>
    <td>Reston</td>
    <td>Fairfax</td>
    <td>62,453</td>
    <td>0.2%</td>
    <td>$104,723</td>
    <td>$425,000</td>
    <td>$1,800</td>
    <td>40%</td>
    <td>1,500 per 100,000</td>
    <td>9/10</td>
  </tr>
  <tr>
    <td>15</td>
    <td>Harrisonburg</td>
    <td>Rockingham</td>
    <td>52,062</td>
    <td>0.2%</td>
    <td>$72,812</td>
    <td>$250,000</td>
    <td>$1,000</td>
    <td>24%</td>
    <td>850 per 100,000</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>16</td>
    <td>McLean</td>
    <td>Fairfax</td>
    <td>49,310</td>
    <td>0.1%</td>
    <td>$135,723</td>
    <td>$600,000</td>
    <td>$2,400</td>
    <td>50%</td>
    <td>2,000 per 100,000</td>
    <td>10/10</td>
  </tr>
  <tr>
    <td>17</td>
    <td>Leesburg</td>
    <td>Loudoun</td>
    <td>48,223</td>
    <td>0.2%</td>
    <td>$90,812</td>
    <td>$325,000</td>
    <td>$1,300</td>
    <td>30%</td>
    <td>1,100 per 100,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>18</td>
    <td>Tuckahoe</td>
    <td>Henrico</td>
    <td>48,187</td>
    <td>0.1%</td>
    <td>$87,812</td>
    <td>$300,000</td>
    <td>$1,200</td>
    <td>28%</td>
    <td>1,000 per 100,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>19</td>
    <td>Charlottesville</td>
    <td>Albemarle</td>
    <td>46,597</td>
    <td>0.3%</td>
    <td>$97,812</td>
    <td>$350,000</td>
    <td>$1,400</td>
    <td>32%</td>
    <td>1,200 per 100,000</td>
    <td>8/10</td>
  </tr>
  <tr>
    <td>20</td>
    <td>Ashburn</td>
    <td>Loudoun</td>
    <td>44,950</td>
    <td>0.3%</td>
    <td>$112,812</td>
    <td>$475,000</td>
    <td>$1,900</td>
    <td>45%</td>
    <td>1,700 per 100,000</td>
    <td>10/10</td>
  </tr>
  <tr>
    <td>21</td>
    <td>Lake Ridge</td>
    <td>Prince William</td>
    <td>44,697</td>
    <td>0.2%</td>
    <td>$92,812</td>
    <td>$325,000</td>
    <td>$1,300</td>
    <td>30%</td>
    <td>1,100 per 100,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>22</td>
    <td>Blacksburg</td>
    <td>Montgomery</td>
    <td>44,385</td>
    <td>0.4%</td>
    <td>$76,812</td>
    <td>$275,000</td>
    <td>$1,100</td>
    <td>27%</td>
    <td>950 per 100,000</td>
    <td>6/10</td>
  </tr>
  <tr>
    <td>23</td>
    <td>Burke</td>
    <td>Fairfax</td>
    <td>44,191</td>
    <td>0.2%</td>
    <td>$89,812</td>
    <td>$310,000</td>
    <td>$1,250</td>
    <td>29%</td>
    <td>1,050 per 100,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>24</td>
    <td>Woodbridge</td>
    <td>Prince William</td>
    <td>42,734</td>
    <td>0.3%</td>
    <td>$85,812</td>
    <td>$300,000</td>
    <td>$1,200</td>
    <td>28%</td>
    <td>1,000 per 100,000</td>
    <td>7/10</td>
  </tr>
  <tr>
    <td>25</td>
    <td>Manassas</td>
    <td>Prince William</td>
    <td>42,596</td>
    <td>0.3%</td>
    <td>$84,812</td>
    <td>$290,000</td>
    <td>$1,150</td>
    <td>27%</td>
    <td>975 per 100,000</td>
    <td>7/10</td>
  </tr>
</tbody>
</table>
</div>

<br>

## Virginia Rental Market Insights

<br>

**Market Rent vs Home Prices:** Given the rapid rise in home values in NOVA, it's not uncommon to see market rent lag. In a high interest rate environment, this will lead to low DSCR which may cause a slight reduction in max loan-to-value (LTV). That means you may need a higher down payment for purchases, and you may cash out less than the max.

<br>

**Property Insurance:** [landlord insurance](https://www.offermarket.us/blog/landlord-insurance) that meets DSCR lender guidelines will require specific coverages that increase your annual premium. Property insurers are also increasing premiums in response to home price inflation, labor price inflation, material price inflation and and storm risks. [OfferMarket Insurance](https://www.offermarket.us/insurance) can help you save hundreds per month on your landlord insurance policy.

<br>

## DSCR Loan Virginia: Let's Get Started

<br>

⚡ **[Get your instant DSCR loan quote](https://www.offermarket.us/loans)** -- takes less than a minute. Go ahead and submit your request so we can confirm the best possible terms (our instant quote is conservative and we commonly can actually provide a lower rate and higher loan amount)

<br>

📄 **Download your pre-approval letter** right in your [OfferMarket Loan File](https://www.offermarket.us/my/loans)

<br>

📄 **Upload your purchase agreement or lease** into your Loan File

<br>

🧑‍💻 **Schedule your relationship manager call** from your Loan File -- speak with your dedicated relationship manager who will address your questions and concerns and make sure we are a good fit to be your lender.

<br>




DSCR Loan Virginia, everything you need to get the best possible terms for your next purchase or refi in the Old Dominion. 

large_DSCR Loan Virginia.png

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small_DSCR Loan Virginia.png

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DSCR Loan Virginia.png

DSCR Loans for Rental Property Investors in Virginia

DSCR Loan Virginia

<br>

This article shall serve as notice that every day at OfferMarket is 'Sell My House Fast' day. As long as you ask yourself or Google "how to sell my house fast", OfferMarket needs to be top of mind. Sell My House Fast is taking on a new meaning thanks to our super modern technology and ridiculously simple home sale process. 

<br>

## Sell my house fast and <u>fair</u> is more like it...

<br>

It's not about how fast you can sell your house. It's about how fast you can sell your home for a [fair price](https://www.neighborwho.com/real-estate/what-is-the-fair-market-value-of-a-property/). We're talking a yeah these folks at OfferMarket ran one hell of a process and made buyers compete "fair" price. No real estate agents, no middle man, no cash buyers with a cash offer, just regular other people looking at my property and trying to give me the best price and make sure it goes into good hands. 

<br>

## Does your house look like this?

<br>

<iframe width="560" height="315" src="https://www.youtube.com/embed/Sy8RMWsR_Qw" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

<br>

If your home looks like the inside of the one in this video, and you're thinking to yourself "man, I need to sell my house fast", you should stop reading and create your free listing on OfferMarket. Each listing has a Co-Pilot, a tool that will help you sell your home quickly, help you avoid common pitfalls and prevent many headaches typically associated with a home sale. No matter what your properties curb appeal, list it to test the market, and see what investor appetite is really like. Is it time to sell, no one know, but what we do know is that its risk free and free to test the market by creating a free listing and letting Co-Pilot guide through the process to sell quickly.

<br>

## Co-Pilot 

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A free listing on OfferMarket means you get the power of Co-Pilot, a AI technology tool that will guide you through every step of the way to selling your home. Think of it like for [sale by owner (FSBO)]("https://www.offermarket.us/real-estate-glossary/fsbo") with an artificial intelligence (AI) assistant that helps you at each step of the process. 

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## Marketing your property with Co-Pilot

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It will help you market your property to get you as many views as possibly by helping you do the following things:

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- Send a direct email to OfferMarket's buyers list (once you verify everything looks correct by sending yourself a test email, its very important to make a good first impression when marketing your property. The number one way to achieve that is to make sure your listing has good pictures and a detailed description, as well as reasonable list price. We noticed that below market listing prices make investors and retail buyers flock to your property and create bidding wars ultimately giving you more money for the property (if the bidding doesn't reach the price you like, you don't have to sell so there is really no down side). On the other hand, a high starting list price resulted in no one being interested in the property because that signals to the seller might not be reasonable and hard to work with, thus we always recommend pricing low (you don't have to sell if there is no bidding war) since that just attracts people, otherwise no one might even checkout the property. This is what we call a trojan horse strategy
- Use OfferMarket's social media accounts, just as twitter and instagram to create online assets for your listing which will increase google's ranking of your listing and create a feedback loop to attract even more buyers
- Help you send your listing to your own social media network such as facebook, linkedIn and twitter. If you don't have those social media accounts, we recommend that you create them because once more, sharing there will create more online assets that will help increase visibility of your listing on search results, ultimately giving you a wider reach
- Co-Pilot recommends that you purchase a QR enabled lawn sign for your property that will be linked to your listing to generate even more local views for your property.
- Boosting your listing on OfferMarket can also give you additional exposure and show the OfferMarket community that you are motivated to sell your property.

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Once Co-Pilot helped you generate views for your property, people will start to schedule Tour to physically checkout your property. To make the best impression make sure to do a deep clean of the property but don't do any repairs, research shows that sellers never recover the cost of doing repairs and OfferMarket makes is clear to the buyers that they should expect properties to be as is. If somethings isn't up to their standards they should look for another property, everything should be factored into the listing price of the property.

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## Conducting Tours with Co-Pilot

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OfferMarket gives your viewers ability to schedule property tours for your property, think of it like a more personalized open house for each requester. Co-Pilot helps facilitate each tour by doing the following:

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- Enables each requester to verify their ID through the website. This way, OfferMarket can ensure that each Tour is safe and provides an insurance that if anything goes wrong, there is always a paper trail to track down the Tour requester, helping us keep our seller safe and happy. On your listing you will be able to see when a requester has confirmed their ID and you will be able to move to the next step of the Tour process. 
- Requests that each Tour requester submits a [proof of funds (POF)]("https://www.offermarket.us/real-estate-glossary/proof-of-funds"), this way seller will be sure that each Tour requester is able to purchase the property and is not wasting seller's time. On your listing page, you will be able to see when Tour requester completes this step so you can move to the next step.
- Schedule a Tour date and time. Once ID and proof of funds has been verified, the Tour requester and you can finalize the Tour date and time that works best for both of you. One the date and time is finalized, you will have to confirm it on the website so everything is absolutely clear and everyone can show up on the correct day at the correct time. 
- Leave Tour feedback. Once property Tour has been conducted, both Tour requester and you will be able to provide feedback on how everything went. This way we can maintain clear and transparent communication, on how things went and what were the pros and cons of the property from the perspective of the potential buyer. This step helps make sure everyone is aligned, helps reduce back and forth negotiations and ultimately expedite the closing of the deal.

Once several Tours have been conducted you will most likely receive an offer, and possibly even a cash offer for your property! At this point Co-Pilot will guide you through the closing process for the deal. 

## Evaluate Offers with Co-Pilot and sell your property

Once several offers have been submitted, you will be able to compare them, all in one place, on your listing! All the information you will need to make an educated decision in one place, without confusion or overwhelming details, just actionable pointers provided by Co-Pilot. Remember, you don't have to accept any offer that falls short of your expectations, so its really risk free for you to list with Co-Pilot, you are just testing the market, until market gives you the price you need. 

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Once you have picked the offer that best suits your needs, Co-Pilot will add a title company to manage the closing and start to request all the necessary documents from the buyer to finalize a closing date. Thanks to the automation and technology the process is much simpler than it used to be with traditional approaches which still leverage long email chains to gather all the necessary information. Closing costs will be broken down and included and because of high degree of automation of OfferMarket thanks to Co-Pilot (and some work that you have done to close this deal) closing costs should be lower than with traditional sales process. 

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## Who uses OfferMarket's Co-Pilot?

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Many people use OfferMarket's Co-Pilot. Since its a free AI technology tool to help you sell a house anybody who needs to sell a house can use it. Real estate agents, wholesaler, home sellers, owners (for sale by owner) have successfully utilized OfferMarket's Co-Pilot to close their real estate transactions quickly, efficiently, and at a fair price. 

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## Co-Pilot sounds like a lot, do I have to use it?

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It is a lot, but its easier then selling your home on your own, [sale by owner (FSBO)]("https://www.offermarket.us/real-estate-glossary/fsbo") and much much cheaper than getting representation (wholesaler or real estate agents) to sell your home. Co-Pilot is a self-checkout for real estate, which means to get the benefit (more money in your pocket) you will have to do some things to close the transaction (checkout). However, we do have <b>another option....</b>

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## Auto-Pilot

OfferMarket also offers an improved version of Co-Pilot technology, called Auto-Pilot. 

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Auto-Pilot will take care of all Co-Pilot steps auto-magically. It will market your property, help with tours and deal with the closing of the transaction, but its not free like Co-Pilot. OfferMarket charges 1% fee at the time of the closing for the Auto-Pilot automation. This is a competitive fee, which is much smaller that what others charge and it gets you a fair and competitive price for your home (it advices you on what is a fair versus a low ball offer, and remember you never have to sell for a price you don't like, so its always a win-win). How do you get your house sold quickly for a good price? List for free, use OfferMarket's Co-Pilot (or maybe Auto-Pilot) and see what market of regular people, not predatory we buys your house for cash and don't get a second opinion investors, will pay for a dwelling they themselves want to live in!

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​We buy houses in any condition. We buy houses in poor condition. By 'we', we mean our huge network of qualified buyers. Home buying is what OfferMarket investor community does for a living. Selling a house in poor condition is our specialty. Wondering how to sell a house in poor condition? Click the button below  to create a free listing and get started with OfferMarket's Co-Pilot selling assistant. Listing your house will help you test the market for free and risk free.

At OfferMarket, every day is "Sell My House Fast" day. It's not about speed; it's about selling your home for a fair price quickly.

Sell My House Fast Day - Real Estate Blogs - OfferMarket

Announcing 'Sell My House Fast' Day

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Owner occupied is when a property is occupied by the person who owns it. This is in opposition to non-owner occupied, when a property is occupied by an unrelated, 3rd party. 

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Owner occupied means the property is occupied by the owner, as opposed to non-owner occupied where the property is rented out to a third party.

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