What is avenue homes?
Avenue Homes is a direct home buyer. Whether you’re selling, buying, or upgrading a home, our mission is to dramatically simplify the process and empower homeowners to better manage their experience. If you’re selling, we eliminate the stress, uncertainty of close and remove all the inconvenience that comes with the traditional selling process; no need to list on the MLS, no open houses or previews, no taxing negotiations or months of uncertainty. We make you a competitive purchase offer based on the most current market data and our local real estate expertise and if you’re happy with that offer, you simply choose the closing date and we open escrow. You get to move on to the next chapter of your life, minimal hassles and on your timeline.
Why was Avenue Homes created?
Avenue Homes was created with a simple mission in mind: to provide a seamless way for homeowners to sell their largest investment, their home. Our process is geared to be hassle-free, aimed to allow the homeowner to manage the timeline more effectively and to provide guidance every step of the way.
Where is Avenue Homes currently buying homes?
Avenue Homes is currently buying homes in metro Los Angeles, specifically, the westside of Los Angeles and the south San Fernando Valley. Avenue Homes is a local area expert and as such, buys in areas we know best. Our experience in these cities makes it possible for us to accurately assess the worth of your home and give you the most competitive price.
What types of homes does Avenue Home buy?
Avenue Homes is looking for small, outdated homes on large lots in desirable neighborhood that are optimal for redevelopment that meet the following criteria:
- Single Family Homes
- Homes located in our buy areas
- Homes where the seller has clear ownership (no double escrow)
- Homes with a maximum value up to $3,000,000
- Homes that are not in age-restricted communities
- Homes that are owner-occupied, vacant or leased, at the time of closing
This is subject to change, and there may be exceptions, so feel free to get in touch at email@example.com if you’d like to discuss the specifics of your property.
Who typically Sells to Avenue Homes?
Avenue Homes buys across the seller spectrum; however, they share one major commonality, they are looking to sell their homes quickly to a trusted home buyer who can make an all cash offer and close according to their schedule. Here are a few reasons people seek to sell to Avenue Homes:
- Homeowners who are seek are looking for a reliable, all cash buyer who can close rapidly
- Homeowners who want to sell on their schedule and avoid the hassles of listing on the open market; those seeking no showings, no listing appointments, no open houses and no stress
- Homeowners who have inherited a property and are motivated for financial or emotional reasons to sell quickly and with the least amount of complication
- Homeowners who are looking to unload a rental property with problematic tenants
- Homeowners who are relocated or transferring jobs
- Homeowners who are going through a major life change (marriage, divorce etc.)
- Homeowners have fallen behind on mortgage payments and are facing possible foreclosure
- Homeowners who have a home that requires major structural or repair issues
- Homeowner has already purchased new home and can’t carry both mortgages
- Homeowners who are simply moving and want a smooth, seemless selling experience
How quickly can we close and move?
You choose the date – anytime within 10 to 120 days. We’re ready to close as fast (or slow) as you need.
What if I already have listed my home for sale?
Although it isn’t necessary to use a real estate agent to sell your home directly to Avenue Homes, if you have an existing listing agreement with another agent, we are legally required to communicate our offer directly to your agent. The listing commission will be deducted from your net proceeds by the escrow company at closing. Your listing agreement will confirm what those amounts are and the Avenue Homes’ brokerage will receive the specified buyer broker commissions per the listing agreement. Our online submittal form allows you to note if you are working with an agent and their contact details. Please note, if you select “Yes” to working with an agent, we will submit your offer directly to your agent.
You can direct your agent to avenuehomes.com/agentcenter for more detailed information.
How do you keep my information secure?
We use Docusign, an approved third-party application for all document signing. Similarly, like the traditional selling process, the escrow company handles all payments and paperwork, securing management of all financial information and payments. The security of your information is of utmost importance to Avenues Homes and we take all relevant measures to ensure protection throughout the entirety of the process.
What fees would I pay selling my home to Avenue Homes?
Avenue Homes does not charge a service fee to purchase your home, however, the homeowner remains subject to the typical closing costs associated with the sale of a home, including; city and county transfer tax, title insurance policy, county recording fees, outstanding lender fees, loan payoff demand fee, seller escrow fee, wire fees and notary fee and any outstanding prorated property tax fees.
How do I get an offer from Avenue Homes?
Receiving an offer from Avenue Homes is simple, free and comes with absolutely no obligations. Simply fill out the request form at avenuehomes.com\requestanoffer with details about your home’s condition, features and upgrades and we will email you a competitive purchase offer within 2 business days. The email has a link to review your online offer and includes contact information to a Home Investment Advisor who will be handling your homes sale, should you have any questions. Your Home Investment Advisor will be your primary point of contact until your home closes.
How long is the Avenue Homes offer good for?
All Avenue Homes offers are valid for 5 days. However, you can always request a new offer from your dedicated Home Investment Advisor directly and we will provide an updated offer within 48 hours.
What happens upon accepting an offer from Avenue Homes?
We created a platform that simplifies the selling process. Your Home Investment Advisor will guide you through the entire process, however it can be broken down to the following three steps:
- Once you have accepted your Avenue Homes offer, we will schedule a quick and free home condition assessment at a time that works for you
- If inspection verifies your submittal details, Avenue Homes will send each individual homeowner an email via Docusign with the purchase contract attached and a brief overview of our process and the next steps.
- You select your closing date.
You’re all done. It’s that simple.
Read more about how selling to Avenue Homes works on our How it Works Page at avenuehomes.com\FAQ’s
How and when do I select the day I want to close?
When you review your offer, you can choose a closing date within 10 to 120 days. This date will be reflected in your final purchase contract you receive after you have accepted our offer. We understand life happens, so if something changes and that date no longer works, we will work with you to adjust the close date within our 120-day window.
What happens after the purchase agreement has been signed?
Once the purchase agreement is signed via DocuSign, we will open escrow and deposit the earnest money, typically within 2 business days.
Why does Avenue Homes do an inspection?
Avenue Homes, like most traditional process, needs to ascertain that the condition of the home is consistent with what was outlined in the original offer request.
Should I do my own home inspection?
Avenue Home will handle all home inspections for you. All you need to do is be home to meet one of our team members. This inspection typically takes less than 2 hours.
What is the inspector looking for?
Avenue Homes is looking to ensure that everything is up to code, including but not limited to the following; A/C, electrical, foundation, roof, termite issues, broker or damaged flooring, windows, plumbing issues, water damage, large drywall repairs, damaged exterior paint and pool & spa issues.
When is the final walk through of my home?
Your Avenue Homes HIA will contact you several days before your close date to schedule the final walk through. The walk through typically happens one to two five days before closing. The purpose of the walk through is to verify the home is still in the same condition, and to check on agreed repairs if you decided to handle them independently.
When do we sign closing documents?
A few days before your agreed-upon closing date, an escrow agent from the title escrow company will contact you to finalize the day and time you will sign the final closing documents. You will receive your final purchase payout check at this time.
When do I get my mortgage payoff?
Right after we open escrow, the title escrow company will be contacting you to assist with the mortgage payoff for your home.
What can I take from my home when I move?
In most cases, you can take anything that isn’t built into your home; washer, dryer and refrigerator. Exceptions can be made on a case-by-case basis.
Didn't find an answer to your question?
Feel free to give us a call at (323) 954-6200 or submit your question below and we’ll get back to you as soon as possible. We look forward to assisting you!