This exclusive program allows real estate investors the opportunity to have access to off-market properties in the Greater Austin Area that other investors never knew existed. Our V.I.I. program gives our Austin TX area real estate investors the edge within the market, which then creates an opportunity for our clients to acquire properties anywhere from 9% to 15% under market value.
We have a variety of sources that we pay for to bring these opportunities to our Austin area real estate investors. A majority of them are simply homeowners that are looking for a quick sale due to a family or financial event that has occurred. For many homeowners, the idea of receiving a cash offer with a two-week close or a closing date of their choice is appealing. It also allows the homeowner to not have to do any pre-listing repairs or upgrades while taking the guesswork out of when their home is going to sell.
To be eligible for our Greater Austin area Very Important Investor program, you must be a cash buyer up to at least $400,000, or you must get approved for our Buy With Cash Program. Our Buy With Cash program allows you to be a cash buyer without spending a lot of cash, and the fee to borrow the cash is waived when you use our preferred lending partner. Banks statements or a pre-approval from our Buy With Cash Program must be received prior to receiving any exclusive Austin area off-market opportunities.
Q: What is the fee Cain Realty Group charges for access to Greater Austin Area off-market real estate properties?
A: The seller in these scenarios will not be compensating a buyer's agent, and our buyer's agent professional fee is 3%. Our investors are thrilled to pay a 3% finder's fee to then save 6% to 12% on the acquisition of a property. Your CRG buyer's agent will be an expert and will help guide you through inspections, contingencies, etc.
Q: Do you have to sign a Buyer Representation Agreement to have access to these Greater Austin Area off-market real estate properties?
A: To receive more than just general information on a specific property, a representation agreement will need to be signed. This agreement will not be open-ended and will include information specific to the property to ensure the agreement is only for the particular property that is being presented.
Q: Do the properties tend to need a lot of work or are they turn-key?
A: Some of the properties need substantial work, some of them may need a few things yet are move-in ready and some of them are in fantastic condition. They are all As-Is transactions, so an inspection would purely be to identify whether or not there were structural issues, large-cost items that were broken, or any safety hazards. Any items on an inspection report that do not fall into any of these categories would not be addressed by the seller.
Q: Is it best to do improvements and then immediately sell the property or is it best to keep the property as a rental?
A: Both strategies are allowed within this program. Whether you flip the property or rent it out really depends on your investment strategy.
Q: Do you have any other programs or connections that can assist once a property is acquired?
A: We have an extensive list of vendors we can recommend for improvements, and we are always happy to give our insight and advice on improvements. If a V.I.I. buys a property, improves it, and then wants to turn around and sell the property, we would implement our 151-Step Home Selling Plan at a 1% discount. If a V.I.I. buys a property with the intention of holding on to it as a rental, we have many property management connections we can provide.