Build Around You and Your Priorities
At Ritsel Homes, one size does not fit all! We therefore put the power (and choice) in your hands with these alternative ways to sell your home!
Cash
ITC
STEM
Retail Buyer
PBM
Listing
At Ritsel Homes, we understand that sometimes – life happens. Whether you’ve been thrown one of life’s unexpected curve balls, or you’re simply looking to be free of the headache trying to sell your home – you have options you may not know about.
We work with you one-on-one to find a solution that is unique to your situation. It does not matter if you’ve considered going the traditional way or want to do a for sale by owner (FSBO), our extensive network of resources and nationwide real estate professionals allows us to provide you with the best options when selling your home.
Remember – knowledge is powerful and will help you to make the right decision. You can start gathering that information today by requesting a no-obligation, information call below.
We’ve grouped our solutions into the below 6 categories…
BUT as each situation is different, these are only the starting point. One size does not fit all… not for us and we’re convinced that not for you either! That’s why we tailor each solution to fit your needs… They also come with our concierge services where we take extra care of everything and guide you through the process from start to finish! As much or as little handholding you need, we’ll be there for you along the way – that’s our commitment!
How We Can Help
Why We Like It
ALL CASH
Our flagship program intended for someone who looks to sell the easy way…, in an All-CASH transaction, As-Is, No-Nonsense, and Closing on Your Timeline!
How: Full detail available under “How It Works”
Cash transaction in As-Is condition – No Repairs Required No Real Estate Agent Commission or Fees Close as soon as 21 days or as late as 90 days on your preferred date No viewings or Open Houses required Take what you want & leave everything else. No need to clean or prepare the house for sale or closing!
We’ve also covered this in a lot more details under “How it Works” – please take look as we take you behind the scenes!!
To summarize, we agree and buy the house for a CASH price. During our due diligence period we’ll do a quick inspection to basically check that the structure is sound, understand the situation with any oil tanks and confirm no other surprises exist. Once confirmed, we’ll buy the house “As-Is” (basically meaning you do not need to fix anything that’s broken) and in a Cash transaction.
This program simplifies the process to the extent that we simply skip step
in 
1. We provide you with an offer that saves you time and don’t require anything from you – we’ll take care of it all from start to finish and most likely even pay your closing costs!
2. We close on your timeline, paying cash and allow you to continue your journey…
What’s the catch… or shall we rather say compromise
Our solutions are built in a way for us to focus on serving our customers but sometimes, picking one solution above another will require a little bit of compromise… In this scenario, the other side of the coin includes the following:
Lower sales price as we take on all the risk and cost
ITC Program
Designed to let you earn interest on your equity even after you’ve sold the house! Unless you need the money immediately, by taking advantage of our Interest-Till-[2nd]-Closing program, we will let you earn interest at rates multiple times more than any CD or Savings Account.
Earn interest on top of the sales price for between 3 and 12 months after closing Interest earned at rates significantly higher than any savings accounts Delay capital gains tax as you only pay based on money received (please consult with your CPA)
We’ll buy the house from you but instead of cashing out, we’ll borrow the money during our rehab period (between 3 to 12 months) at hard money rates, fully secured against the value of the property. In some cases, you might even remain the owner of the house while we use our money to fix it up and then sell it on the retail market to an end buyer at which stage, we’ll pay you both the principal (sales price) plus interest earned.
The process is as simple as
1. We provide you an offer that saves you time and allows you to earn while you wait.
2. You earn interest on our offer, while we fix or update and sell your home on the market.
3. Once your home sells, you get paid your principle plus all earned interest.
What’s the catch… or shall we rather say compromise
Our solutions are built in a way for us to focus on serving our customers but sometimes, picking one solution above another will require a little bit of compromise… In this scenario, the other side of the coin includes the following:
Delay in receiving the final cash amount (but keep in mind, with this program your money will keep up with inflation vs losing value in a savings account)
Cash is locked in for the agreed period. We’ll always try to help you out if needed but the money is not liquid.
STEM Program
This works for people who has an existing mortgage on their property and want to monetize the value of that mortgage (YES, it has a value…!!). Our Subject-To-Existing-Mortgage program is also GREAT to rebuild your credit!
Sell for a higher price as we’ll pass the benefit of us keeping your existing mortgage in place on to you Monthly payments are escrowed to ensure it’s never late As we’ll make regular payments on your behalf, your credit score will benefit from this (in particular helpful if you we’re behind on payments)
We’ll buy the property from you but instead of paying down the existing mortgage at closing, we’ll keep it in place and make payments on your behalf (which we run through an escrow account to protect you). Any equity over the mortgage balance can either get paid in cash at closing or combined with the ITC program.
This program is designed to offer our clients instant debt relief and helps them to sell their home fast. In many cases, helping clients with less than perfect credit, increase their credit score in half the time!
Again, we stick to our simple
1. We provide you with an offer that saves you time, can increase your credit score & save you money.
2. We take on the responsibility of paying your monthly mortgage payment, while we repair and sell your home on the market.
3. Once your home sells, we pay off your mortgage in its entirety.
What’s the catch… or shall we rather say compromise
Our solutions are built in a way for us to focus on serving our customers but sometimes, picking one solution above another will require a little bit of compromise… In this scenario, the other side of the coin includes the following:
The existing mortgage remains in place and would count towards your loan affordability score if you plan on buying another house (you can have up to 10 mortgages, but total payments need to remain within the affordable definition)
You need to trust us making the payment on your behalf (however mitigated as we pay via an escrow account)
Retail Buyer Program
Ideal for sellers who want to maximize their returns but do not want to go through the details (or concessions) associated with a listing. In this program we start with the end in mind and agree the price (money in your pocket) upfront and then we’ll take care of everything else from start to finish (and did we mention… this includes any buyer demands and concessions!).
Upfront agreement on the cash amount you want to see at the closing table Eliminate the risk of concessions or additional cost during process. We’ll take care of this! No Real Estate Agent Commission or other closing fees & costs
With our Retail Buyer Program, we agree a fix price that you would like to see in your bank account upfront. Ritsel Homes will then step in and prepare the property for success, take care of finding an end buyer and pay all costs along the way delivering the agreed amount in your bank account at the end of the process.
We are NOT acting as a real estate agent but as principal in our own name which allows us to remove all headaches, absorb cost and give you a final price upfront to avoid surprises along the way!
Following our recipe
1. We provide you with an offer that saves you time, can increase your credit score & save you money.
2. Working with our pre-qualified buyers and their real estate agents, we identify someone that will buy the house and the work with them to clear any questions and concerns. We’ll also take care of their demands while you can continue to focus on your other priorities
3. Once an end-buyer is locked in, we manage the closing process and you get paid at closing (which again, we’ll take care of everything and just need you to sign the final document, nothing else…!).
What’s the catch… or shall we rather say compromise
Our solutions are built in a way for us to focus on serving our customers but sometimes, picking one solution above another will require a little bit of compromise… In this scenario, the other side of the coin includes the following:
As a “retail buyer” program, we will still need to show the house to end buyers but in most cases limited to a single open house with limited other interruptions
Cooperation required from tenants but we’re working to eliminate the pain as much as possible
We get compensated for delivering the service by a slightly reduced price
PBM Program
Wish you can get paid every month while doing nothing? It’s possible and we call it “Postbox Money”! Whether you’re an existing landlord or wish you were one but just do not want to deal with t&t’s (tenants & toilets) anymore, this program is the answer. Instead of being the landlord, you become the bank fully secured against the property in a 1st lien position collecting your payment every month.
Loan serviced by a 3rd party service provided, paid for by the buyer. No hands-on work required Monthly cash-flow without the headache of tenants Delay capital gains tax as you only pay based on money received (please consult with your CPA) Not responsible for any repairs Secured against the property in a 1st lien position, with a significant down payment as added security Buyers verified by a 3rd party servicer that specialized in this space
Instead of the end buyer going to a traditional bank to borrow money for the transaction, you as seller would finance the transaction in return for a monthly cash flow (principal plus interest, typically at the same percentage as banks lends money which as you know is a LOT more than any CD or savings account!).
While most buyers qualify for traditional mortgages, we also have many “penalty box” buyers which don’t qualify. Not because they have bad credit or cannot afford to pay but often these are buyers that are self-employed, someone on an ITIN number instead of an SSN, etc…. Great buyers but left behind by the box ticking lending programs of most banks.
Important to keep in mind, when we create a note, you as the “bank” will be in 1st lien position. Also, we’re selling to buyers with good credit that can put down a larger deposit (therefore reducing risk even further with equity locked in) and at an interest rate and terms significantly better than what banks offer.
You can also combine this program with any of the above programs – finding you 
1. We once again start with an offer that works for you and make sense for potential buyers (which could be Ritsel Homes or any other retail buyer).
2. If it fits our buying criteria, we simply skip this step! Otherwise, in some cases where we don’t buy in a particular area or type of property, we will work with our pre-qualified buyers to lock in the sale.
3.Once we closed on the house, you can sit back and wait for a check (or direct bank transfer…) to turn up every month. No more tenants, or repairs, or taxes… just “postbox money” every month!
What’s the catch… or shall we rather say compromise
Our solutions are built in a way for us to focus on serving our customers but sometimes, picking one solution above another will require a little bit of compromise… In this scenario, the other side of the coin includes the following:
Money received over time (although compensated with a high interest rate)
Risk of buyer stop paying (however mitigated by qualifying the buyer upfront and getting a large down payment to leave enough equity in the house from day 1). Note, in the case of a default, penalties and interest would accrue and be added to the amount payable. This becomes part of the outstanding balance if it needs to go to a foreclosure.
Listing on the MLS
Sometimes, going through the process of using
the Multiple Listing Service to advertise your home on the open market remains the best solution. But it doesn’t need to be painful!
Lorinda not only is a licensed NJ Realtor but is also part of the Ritsel businesses which is focused on providing Real estate Solutions… making it easy and giving you flexibility at a time you really need it.
...but with a twist!
Your house will be advertised on the MLS with the intention to attract as many buyers as possible. Multiple buyers could help to create competition for it to be sold at a higher price. Represented and guided by a professional Real Estate Agent.
As with all listings, we start with a fact-finding mission to determine what comparable properties have sold for within the last 6 months around your neighborhood. This will help guide the conversation and marketing strategy as sometimes we simply pushing the asking price without twists and turns but sometimes, lowering the listing price will attract more buyers to provide both choice but also competition.
Once the asking price and marketing strategy is agreed, we go all out to first present the house in the best possible way (professional photography maybe with drone images or a 3D virtual tour, etc.) and then put it in front of as many buyers and their agents. This is done through the Multiple Listing Service, social media, and our other buyer channels.
Sounds complicated with a lot of energy and effort required… it can be BUT this is where we want to be different. Listing your house with us will guarantee you flexible terms (both on commission and the length of the contract) but also do we go out of our way to take the burden away from you!
This is our standard concierge service and our biggest reward… a raving fan!
1. We’ll guide you through the process in determining what your house can sell for in the current market and also determine the best marketing strategy. Once agreed, we’ll capture it in a listing agreement and then get to work immediately!
2. During this step, our focus is to put the house “best foot” in front of as many buyers as possible. BUT don’t be alarmed, we will work in a way that reduce stress and not add to it! We focused on qualified buyers and work in a pre-determined way to minimize the number of times people expect you to disappear for them to walk through the house…
3.Using our experience, we help to negotiate the best deal and the take it all the way to the closing table for you to get paid and move on in life…!
What’s the catch… or shall we rather say compromise
Our solutions are built in a way for us to focus on serving our customers but sometimes, picking one solution above another will require a little bit of compromise… In this scenario, the other side of the coin includes the following:
Open houses and multiple viewings by potential buyers.
Buyers might ask for concessions or items to be repaired… and even then, it’s not guaranteed that they will close and could walk away leaving the seller to start all over again.
Challenging to do with tenants still in the property as they might not always have it ready to show to potential buyers.
** Closing always happen at a reputable Title Company that will pull title work to verify ownership and then handle all the payoffs (mortgage, real estate taxes, liens, etc.) before distributing the cash. While it’s not required, if you prefer, we welcome buyers have their own legal representation during the process.
What People Say About Us
Here’s What Our Family Members Say
Moving forward has never been this easy.
Your success is our commitment.
REAL estate SOLUTIONS with U (You) in the middle.
Types Of Houses We Buy.
Types of houses that we have purchased in the past
House is in such bad shape an agent won't touch it.
Undesirable Location
Mold, fire or water damage
Simply don't want to deal with agent or listings.
Challenging or unruly tenants
Just want a quick fast sale.
Get Your Offer
Today!
Ritsel Homes buys houses as part of our residential redevelopment program where we purchase, rehabs, and then sells the house at a profit. We also buy houses to keep as long-term rentals or in some cases we work with our partners who might take over the ownership either at closing or soon thereafter. Offers are made to sellers based on market value and repairs needed. Ritsel Homes will do everything possible to bring forth the highest possible offer to give the seller the most benefit from dealing with a fast sale. We will also consider alternative solutions to give you as our client the best outcome.
CONTACT:
Ritsel Homes
Allendale, NJ 07401
(201) 379-6565
info@ritselhomes.com