Questions, answered
For property owners and for investors. Where the answer depends on the property or the deal, we say so.
These answers are general information, not legal advice. For legal questions, speak to your own lawyer.
Something else? Call (647) 518-7798
How does the process work?
You send the property address and a few details through the form. We review them, then contact you to learn more and talk through a possible direct purchase. If both sides want to go ahead, the terms are set out in a written agreement of purchase and sale.
Is submitting the form a commitment to sell?
No. Submitting your details only starts a conversation. You're not agreeing to sell, and you're not agreeing to any price or timeline.
Do I have to accept an offer?
No. If we make an offer, you're free to accept it, ask questions, take time to think it over, or decline. Nothing is binding until both sides sign a written agreement.
What types of properties do you consider?
Detached and semi-detached houses, townhouses, condos, multi-unit buildings and land, in a range of conditions. We assess each property individually and can't buy every property we're shown.
Can I submit a property that needs repairs?
Yes. Properties that need work are a normal part of what we look at. Describe the condition as honestly as you can; it makes the first conversation more useful for both of us.
Do I need to make repairs first?
No. You don't need to repair, clean or stage the property before contacting us. What's included in a sale, and in what condition, is agreed in the final purchase agreement.
How quickly can I sell?
It depends on the property, its title and the terms both sides agree to. Some direct sales close sooner than a typical listing; others take longer for good reasons, such as an estate that's still being settled. We'll discuss realistic timing once we understand your situation.
What information do you need?
To start, just the address and how to reach you. The property type, its condition and your preferred timing are optional but help us prepare. Later we may ask for things like recent property tax details or a time to see the property.
Can I sell an inherited property?
Often, yes. Whether and when an estate property can be sold depends on the estate's documents and who has authority to sign. The estate's lawyer can confirm that, and we can work around the estate's timeline.
Should I speak to a lawyer?
Yes. In Ontario and Alberta a real estate lawyer handles the closing of a sale, and we recommend getting independent legal advice before you sign any agreement.
Are you a real estate agent?
No. House Deals Direct buys property directly. We don't represent sellers or list homes for sale on their behalf. If you'd like your property listed on the open market, a registered real estate agent is the right person to speak with.
What happens to my information?
We use it to review your property and contact you about it. We don't sell your personal information. Our privacy policy explains the details.
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What is an assignment?
In an assignment, House Deals Direct has a signed agreement to buy a property and transfers its position as the buyer to you. You then complete the purchase under that agreement. Whether an opportunity is an assignment, and any assignment fee, is set out in the deal materials. Terms vary by opportunity and will be disclosed in the applicable deal materials or agreement. We recommend independent legal advice before taking an assignment.
What deposit is required?
Terms vary by opportunity and will be disclosed in the applicable deal materials or agreement.
Can I finance a House Deals Direct property?
It depends on the opportunity. Some may suit financing; others may need a quick close that financing can't meet. Terms vary by opportunity and will be disclosed in the applicable deal materials or agreement. Tell us how you plan to pay when you make an offer.
Can I inspect a property?
You can request a showing from any open property's page. Whether an offer can be conditional on an inspection, and how long that condition can run, varies. Terms vary by opportunity and will be disclosed in the applicable deal materials or agreement.
How is ARV determined?
ARV (after-repair value) is House Deals Direct's estimate of what a property could sell for once the planned work is done, based on information such as recent comparable sales. It is an estimate, not an appraisal or a guarantee. Financial estimates are for informational purposes and should be independently verified by the investor.
How are repair estimates determined?
They are House Deals Direct's estimate of the work needed, based on what is known about the property's condition. Actual costs depend on the scope you choose, contractors, materials, permits and anything found once work begins. Financial estimates are for informational purposes and should be independently verified by the investor.
Are repair estimates guaranteed?
No. Repair estimates, like ARV, projected rent and potential spread, are estimates only. Financial estimates are for informational purposes and should be independently verified by the investor.
What happens after I submit an offer?
Your offer comes to House Deals Direct for review, and we'll contact you to discuss it. Submitting an offer through this website is not a binding agreement; nothing is agreed until formal documents are signed by both parties.
How does closing work?
In Ontario and Alberta, real estate closings are completed by lawyers. Timing and the steps involved depend on the opportunity. Terms vary by opportunity and will be disclosed in the applicable deal materials or agreement. We recommend you have your own real estate lawyer.
Are there buyer fees?
Terms vary by opportunity and will be disclosed in the applicable deal materials or agreement.
Can I request comparable sales?
Yes. Where comparable sales are available they're shown on the property page or included in the deal package. Use "Request the deal package" on the property's page to ask for them.
What does conditional mean?
A conditional property has an accepted offer that is still subject to conditions, such as financing or an inspection, that haven't been met yet.
What does assigned mean?
Assigned means House Deals Direct's agreement to buy the property has been transferred to another buyer. The opportunity is no longer available.
How do I join the investor list?
Fill in the form on the Join the investor list page with your contact details and what you buy: locations, property types, strategies and price range. We review each signup and contact you about opportunities that fit.