Frequently Asked Questions
Q. Who usually sells their houses to Kalomar Properties?
A. People who:
- Are tired of being a landlord
- Need monthly income, but don’t want to manage the property(s)
- Need debt relief
- Have inherited property and need or want to sell it quickly;
- Have investment property inhabited by problem renters;
- Are relocating and need to sell their house quickly;
- Are going through a divorce and need to liquidate assets;
- Are behind on payments and/or are facing foreclosure and the destruction of their credit;
- Own a house that needs more repairs than they have the money, time, and/or desire to make.
People who sell to Kalomar Properties come from all walks of life. What they have in common is the need or desire to sell their homes, as quickly and with as few hassles as possible, to a company they know will treat them with respect and honesty.
Q. Does it matter what condition my house is in?
A. No. Kalomar Properties will buy houses in any condition. Your house may:
- Have structural issues that are not apparent on the surface, such as foundation problems;
- Be located in a neighborhood that the owner views as less than desirable from any standpoint; including, for example, creating a long commuting distance to work, or being located within a flood plain or high-crime area;
- Have an undesirable mortgage financing structure;
- Have a high mortgage financing rate;
- Have a mortgage that is more than the owner can handle or wants to deal with; and/or
- Have an owner who would like to move for any other reason, including wanting a larger or smaller house, or needing to move to another city.
Q. How does the process work?
A. Simply fill out and submit our brief online form telling us about the house you want to sell. When we receive it, we will call you to arrange a time to view your house.
Q. Do you pay market value?
A. When you sell us your house, you can name the terms of the sale or you can name the price. Most people that sell us their house either need to sell it quickly for cash, or they want to sell it to rid themselves of the hassles of property management. If you are looking for fast cash, you should expect to receive 10-20% less than market value; however, you won’t have to pay a commission! If, on the other hand, you are looking for income and willing to sell your house on terms, we will pay full price or more.
Q. How do you determine the price you will offer for my house?
A. Your Kalomar Properties representative will take a variety of factors into consideration when formulating an offer on your house, including:
- The condition of the house;
- The extent and cost of renovations required;
- The time required to complete the renovations;
- The value of the house once renovations are complete as compared to other houses in the same area;
- The costs in real estate commissions to market the house once renovations are complete;
- The costs of insurance, utilities, taxes, loan payments incurred to buy the house, and maintenance while the house is being renovated and on the market;
Q. Do you buy condos or townhouses?
A. Kalomar Properties primarily buys single family detached houses. In special situations, we will consider condos, townhouses, duplexes, multi-tenant buildings, and some commercial properties.
Q. Do you charge a fee to make an offer for my house?
A. Absolutely not! A Kalomar Properties representative will visit your house, explain the process, and make an offer at no cost to you.
Q. If I submit the form containing information about the house I want to sell, am I obligated to Kalomar Properties in any way?
A. Absolutely NOT! You are under no obligation whatsoever to Kalomar Properties when you submit the online form, when you show your property to one of our representatives, or when you receive an offer on your house.
Q. Who is Kalomar Properties?
A.Kalomar Properties is a privately owned company located in San Diego, California. Our founder, Trent Dyrsmid, is an experienced entrepreneur who’s last company, Dyrand Systems Inc, was started in 2001 and then sold in 2008. Originally from Vancouver, BC, Trent now makes his home in San Diego. You can learn more about Trent here.
