FAQ — GJ Property Holdings

Question 1

Do you arrange owner financing for the homes you sell?

Accepted Answer

Yes, we sell many homes with owner financing or by creating Rent-to-Own situations. We are not Bankers or any other Financial Institution. This program is limited by State Law. We also work closely with licensed mortgage brokers who work with many lenders to find the right loan for you.

Question 2

Do I need to qualify to buy a home?

Accepted Answer

We are not extremely interested in your past credit status. Your ability to make reasonable monthly payments and your desire to be a homeowner now is what is really important to us.

Question 3

How can I buy a home when I have bad credit?

Accepted Answer

You can't through conventional lenders, but you can with our help. We can set up owner financing or Rent-to-Own situations to help improve your credit over time. We also work with mortgage brokers who may be able to arrange a loan for you. This program is limited by State Law.

Question 4

How much down payment do I need?

Accepted Answer

We are very flexible with your down payment. We can offer you many options and always do our best to work with whatever funds you have available. You can even start on our Rent-to-Own program and move to owner financing later when you have additional money.

Question 5

What other methods of down payment are accepted?

Accepted Answer

Unlike most lending institutions, we accept borrowed funds for closing. If you have a close friend or relative willing to lend you money for your down payment, you can use that with our programs. You may also be eligible to withdraw or borrow from your 401K to purchase a home without penalties. We also accept trades.

Question 6

Do you offer down payment assistance programs?

Accepted Answer

Yes, we do. Many times, if you are a bit short on your down payment, we can set up a monthly payment plan spread out over 6 to 12 months.

Question 7

How does your Lease with an Option to Purchase program work?

Accepted Answer

We lease you the home with the exclusive right to purchase it at a later date. Our buyers love it because it gives them time to save up for a larger down payment, time to clean up past credit problems, time to sell another home, and time to try out the neighborhood before buying. 100% of your option fee is credited toward the purchase price, plus you may receive a monthly credit toward the purchase price every time you pay on time.

Question 8

What is the interest rate on your home purchase programs?

Accepted Answer

We are flexible with our terms to meet your needs. Typical interest rates range from 7.5% to 10.5% depending on your down payment and application. All credit is accepted and applications are necessary to verify income and employment.

Question 9

I love the home — what is the next step?

Accepted Answer

All we need is your application. We will then contact you within 24 to 48 hours once we are able to verify your income and employment. Please keep in mind that our homes go quickly, so time is of the essence.

Question 10

The home I wanted has been sold — can you find me another one?

Accepted Answer

Yes! Join our Buyers List and tell us what you are looking for and how soon you want to move. As soon as a home becomes available, we will call or email you.

Question 11

Do you work with investors?

Accepted Answer

Yes, we can help whether you are just beginning or an experienced property owner. We can supply you with properties needing repairs at wholesale prices or those already repaired, with or without tenants.

Question 12

Do I need to make repairs before selling?

Accepted Answer

No. We purchase properties in as-is condition. You don't need to spend money on repairs, cleaning, or updates.

Question 13

How quickly can you close?

Accepted Answer

We can often close within a few days to a few weeks depending on your situation and timeline preferences.

Question 14

Are there any fees or commissions?

Accepted Answer

We do not charge seller commissions or hidden fees. The offer we make is what you receive.

Question 15

What if I have liens or title problems?

Accepted Answer

Don't be discouraged from selling your house because you have liens, judgments, or title problems. We are experts at dealing with these situations.

Question 16

What if my house is in foreclosure?

Accepted Answer

Act now and don't hesitate another minute. In most cases, the best thing is to sell the property fast. We can often buy your house, bring your payments current, and possibly give you equity back. In a foreclosure situation, time is of the essence — call today for a confidential, no-obligation consultation.

Question 17

What if I have no equity in my house?

Accepted Answer

The low equity, no equity situation is the most common problem we come across. We purchase homes from people in situations like this all the time. In most cases we are able to return some of that hard-earned equity to the homeowner, or at least reduce the amount of money they have to pull out-of-pocket at closing.

Question 18

Do you accept Section 8 vouchers?

Accepted Answer

Yes, we accept Section 8 housing vouchers for our standard rental program. Please note that Section 8 tenants are not eligible for the Rent-To-Own or Owner Financing programs.

Question 19

What size homes do you offer for rent?

Accepted Answer

We offer 2, 3, and 4 bedroom single-family homes. All homes are clean and well-maintained.

Question 20

What is required to rent a home?

Accepted Answer

Requirements vary by property. Contact us to discuss the specific home you're interested in and we'll walk you through the application process.

Question 21

Are you a real estate agency?

Accepted Answer

No. GJ Property Holdings is not a real estate agency and is not associated with one. Unlike Realtors®, we have a financial interest in the properties we sell, so we are much easier to work with and are very flexible on terms.

Question 22

Where do you operate?

Accepted Answer

We primarily operate across the Southeast United States, with properties in South Carolina and North Carolina. Contact us to learn about current availability in your area.

Question 23

How do I get started?

Accepted Answer

You can browse our available properties online, fill out our contact form, or call us at 864-447-6733. We respond within 24–48 hours.

Frequently Asked Questions

Buying a Home

Selling Your House

Rentals & Section 8

General

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