Jolific Homes

Frequently Asked Questions

Will you be listing my house on the MLS or actually buying it?
Great question. We are professional home buyers: We buy houses in Raleigh / Durham that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.
Do you pay fair prices for properties?
Yes, we pay fair prices. However, many of the houses we purchase are below market value (because they need repairs or because the homeowner needs to get out of a difficult financial situation). In our experience, many sellers aren’t necessarily expecting “top market value” on the property but rather appreciate that we can close very quickly, with no time or effort or expense required on your part of fix up the property or pay agent fees. If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)
How do you determine the price to offer on my house?
Great question, and we’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.
Are there any fees or commissions to work with you?
This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. We’ll make you an offer and, if it’s a fit, we’ll buy your house (and we’ll pay for the closing costs too!). No hassle. No fees. We make our money after we repair the house (if any) and sell it for a profit (we’re taking on the risks whether we can sell it for a profit or not.) Once we buy the house from you… the responsibility is ours and you walk away without the burden of the property and its payments… and often with cash in your hand.
How are you different from a real estate agent?
Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 3-6 months) and then they take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 3-6 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: Our company buys houses. We don’t list your house looking for a buyer because we ARE the buyer. 🙂 Since we’re actually the ones buying the house from you, and we pay for it all. Once we complete a quick walk-thru, we will email you an offer within 24 hours. Again, we make our living by taking the risk to buy the house with our own money, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Is there any obligation when I submit my info?
There is absolutely zero obligation for you. Once we set up an appointment with you to do a quick walk-thru, we make you an offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
What sort of houses do you buy?
We buy houses in any condition, in any area, in any price range, in any situation! We will buy your house as-is, you don’t need to do ANY repairs!
What do you mean “any condition, area, price range, or situation”?
Whether your house is in foreclosure, over-leveraged, condemned, has liens or health department violations, not maintained, fire-damaged, or about to fall down WE CAN BUY IT!
Are you REALTORS™?
Jolific Homes is a real estate investment and solution company. We are property acquisition specialists that buy houses directly from sellers; we want to BUY your home. There is never a fee or commission when we buy your house. However, if listing your property is the best solution then we can and will connect you with a recommended licensed agent.
What will your service cost me?
Nothing! We do not charge you any fees to discuss your situation, make you an offer or to buy your home.
Is my information kept confidential?
ABSOLUTELY 100%! Your privacy is of the utmost importance to us. Any information you provide is completely confidential! If you want to deal with a reliable, reputable company who will treat you with professionalism, understanding, and respect – YOU HAVE COME TO THE RIGHT PLACE!
What if I am behind on my payments, in foreclosure or bankruptcy? Are you still able help?
YES! Jolific Homes is a professional real estate solutions company with years of experience in solving these types of difficult situations. Please contact us for a confidential consultation.
What is the process of using an escrow entail?

An escrow is a term that refers to a neutral third party hired to handle the exchange of money, property transaction, and related documents. The escrow holds the money and documents in a trust until all terms and conditions of the sale are satisfied. When depositing earnest money, it is wise to use an escrow account.

How long will it take to sell my home?

Jolific Homes is committed to helping you accomplish this goal quick and easy. Our process eliminates all the traditional roadblocks that slow or stop a sale from happening. We pay cash and close fast!

You are under no obligation to sell your house to us. If our cash offer is the right option for you, we will open escrow and you can receive your cash in as little as 7 to 14 days, or on your timeline. It is that easy and stress-free to sell your house fast on your terms when you use our service.

What does a real estate investment company do?

A real estate investment company refers to a business that focuses the majority of its efforts and capital on real estate. In search of profits, real estate investment companies may choose to buy, renovate, sell, or finance properties.

Who will Handle the repairs?

It doesn’t matter what condition your house is in, we can help you by making a fair cash offer on your home today. The costs involved in repairs, touch-ups, painting, and cleaning leave you drained and cost you thousands of dollars. Not to mention; extra mortgage payments and tax payments taking money away from your bottom line.

And all of this is before the house is even on the market! We buy houses on your terms AS-IS, without requesting any repairs. Take what you want with you and leave everything else behind. We handle the clean-up.

Do you have a good team?

We are Vance and Jennifer Josey, owners of Jolific Homes, the Raleigh / Durham area’s most respected house buying service. We are a mom-and-pop, family-owned business. When you call Jolific Homes, you speak directly to us, every time!

We are a highly experienced home buying team that is focused on helping homeowners like you to sell your house fast, without any hassle, games, or fees. We are committed to delivering this service with transparency and integrity throughout the entire experience.

And all of this is before the house is even on the market! We buy houses on your terms AS-IS, without requesting any repairs. Take what you want with you and leave everything else behind. We handle the clean-up.

Will you be listing my house on the MLS or actually buying it?

Great question. We’re not agents, and we don’t list houses. We are professional home buyers: We buy houses in Raleigh that meet our purchasing criteria. From there we may repair the house and resell it to another homeowner or keep it as a rental ourselves.

Do you pay fair prices for properties?

We are looking to get a fair discount on a property. In our experience, many sellers aren’t necessarily expecting a large “windfall” on the property but rather appreciate that we can offer cash for your house in its ‘As-Is’ condition. We are local investors who seek to simplify the process of selling your house. We use our own funds to make our offers. We buy houses and we are ready to buy your house for cash today! Agents take way too long to list and sell your house and they charge you 6% commission in the process. We are professional home buyers only interested in buying your house for cash, which will save you time, money and effort. We also allow you to close on a day that’s convenient for you. Our process is designed to give you full control of how you sell your home.

How do you determine the price to offer on my house?

We’re an open book: Our process is very straightforward. We look at the location of the property, what repairs are needed, the current condition of the property, and values of comparable houses sold in the area recently. As you know, house values have taken a huge hit in the last 5 years and most areas still haven’t seen prices come back up. We take many pieces of information into consideration… and come up with a fair price that works for us and works for you too.

Are there any fees or commissions to work with you?

This is what makes us stand out from the traditional method of selling your house: There are NO fees or commissions when you sell your house to us. 

Once we evaluate the property, we then present a written offer that is fair based on the condition of the house. If you decide to move forward with the deal, we’ll give you 100% cash for your house. At Jolific Homes, we strive to make every aspect of selling your home easier. We are real estate investors who work hard and fast to provide you with the best result and service possible!

How are you different from a real estate agent?

Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 4-6% of the sale price of your house. Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We are professional cash home buyers.

Our process does not involve getting pre-qualified by a mortgage bank in order to obtain a home loan or listing the property on the MLS or any other listing platform. The reason our team at Jolific Homes is able to purchase properties very quickly is that we use our own money, which means the sale is more secure and we can close faster than a traditional buyer.

Can I Sell My Home With A Tenant?

Yes. We are experienced in dealing with bad or problem tenants. You have every legal right to sell your home with tenants. Every circumstance is different and this will be taken into consideration when offering you a cash value.

Can I Work With an Attorney?

Yes you may! And if it is easiest we can communicate with your attorney directly to coordinate any closing or title issues. We want to make sure each client feels comfortable no matter what situation is going on.

Why is my home’s assessed value different from the market value?

Your home’s assessed value and market value are each determined by different factors. Buyers and sellers affect the market value of a home, while professional appraisers calculate the assessed value. In a seller’s market, your home’s market value may be higher than its assessed value. That’s because buyers are willing to pay more than the home is technically worth because of low inventory. In a buyer’s market, you’ll be facing a lot of competition from other sellers, so buyers may put in an offer lower than the home’s assessed value.

Can I back out of buying a house?

Yes, but you may lose earnest money (basically, a security deposit given to the seller upon signing a contract).

You can also face legal consequences if you back out of the agreement for a reason not outlined in the purchase agreement. This document outlines important details, such as repairs the seller is responsible for and contingencies of the real estate deal.

However, there are certain scenarios where breaking a purchase agreement is understandable. If you lose your job, can’t sell your current home, or can’t get approved for a mortgage, it’s best to wait until you reach financial stability before buying.

Other issues with the home, such as a failed home inspection, unrepaired problems, or difficulty with transferring the title, are also acceptable reasons to back out of an agreement.

When is the best time to sell a home?

Early spring and summer, especially June, is a great time to sell a home. Research shows that home sales in May, June, July, and August account for 40% of total annual sales volume.

Overall, home sales are still pretty good through early fall, so it wouldn’t be a bad idea to sell a home during this period, either. However, home sales drop once winter hits. January is the worst time to sell a home, as market activity is much lower.

Can I Sell My Home With A Tenant?

Yes. We are experienced dealing with bad or problem tenants. You have every legal right to sell your home with tenants. Every circumstance is different and this will be taken into consideration when offering you a cash value.

Can I Work With an Attorney?

Yes you may! And if it is easiest we can communicate with your attorney directly to coordinate any closing or title issues. We want to make sure each client feels comfortable no matter what situation is going on.

Why is my home’s assessed value different from the market value?

Your home’s assessed value and market value are each determined by different factors. Buyers and sellers affect the market value of a home, while professional appraisers calculate the assessed value. In a seller’s market, your home’s market value may be higher than its assessed value. That’s because buyers are willing to pay more than the home is technically worth because of low inventory. In a buyer’s market, you’ll be facing a lot of competition from other sellers, so buyers may put in an offer lower than the home’s assessed value.

Can I back out of buying a house?

Yes, but you may lose earnest money (basically, a security deposit given to the seller upon signing a contract).

You can also face legal consequences if you back out of the agreement for a reason not outlined in the purchase agreement. This document outlines important details, such as repairs the seller is responsible for and contingencies of the real estate deal.

However, there are certain scenarios where breaking a purchase agreement is understandable. If you lose your job, can’t sell your current home, or can’t get approved for a mortgage, it’s best to wait until you reach financial stability before buying.

Other issues with the home, such as a failed home inspection, unrepaired problems, or difficulty with transferring the title, are also acceptable reasons to back out of an agreement.

When is the best time to sell a home?

Early spring and summer, especially June, is a great time to sell a home. Research shows that home sales in May, June, July, and August account for 40% of total annual sales volume.

Overall, home sales are still pretty good through early fall, so it wouldn’t be a bad idea to sell a home during this period, either. However, home sales drop once winter hits. January is the worst time to sell a home, as market activity is much lower.

What Is an As-Is Home sale?

When a home is put up on sale as an as-is listing, it means it’s being sold in its current state—no upgrades or improvements will be made by the seller. The home may have major repair needs or maybe it requires a style and décor update. If a home is sold as-is, then the buyer takes responsibility for repairs and modifications, including problems that may not be apparent at the time of sale.

Does It Matter If I leave stuff behind?

Since we buy properties in as-is condition you can leave whatever items you do not want behind. So if you have odds & ends that you haven’t touched for the last 5 years and have no plans to, we will take care of it. In most cases we either donate or dispose of any unwanted or garbage items.

Why sell to a house/home buying company?

Some sellers may opt to work with a company that buys houses because their home needs a lot of work before they could consider listing it. Maybe the roof should be replaced or repaired, the windows are in rough shape, or the entire place is a cosmetic eyesore.

Not all sellers have the time or budget for hefty renovations necessary for a proper listing, and that’s OK. In addition, some sellers hate the idea of repeated showings. It raises their blood pressure and they want an easy, fast solution.

What is a foreclosure?

A foreclosure sometimes referred to as an REO, is a property that is owned by a lender.  If you’re considering the purchase of a foreclosure, it’s important to understand that most are sold “as-is.”  Foreclosures, if not purchased by an owner occupant, are often purchased by investors, fixed up, “flipped,” and sold to an owner occupant.

What is a short sale?

As it is with the home buying process itself, it is essential you understand what a short sale is before getting yourself involved with it. A short sale is one in which a homeowner sells their house for a price that is less than the amount still owed on the mortgage. It can be regarded as a ‘distressed sale’ carried out when the current market value of a property is below the amount owed to a lender. The lender forgives the remaining balance of the loan.

The downside is that many short-sale properties are usually not in good condition. So, you must be patient and not in an immediate rush to move. Also, you can consider a foreclosure if it is still possible.

I still have questions!
Contact us with your questions and we’ll be happy to assist you! Our contact information is below.