Frequently Asked Questions
For your benefit, we have compiled a list of the most frequently asked questions that are asked. If you don’t see your question listed here, feel free to Contact Us. We’d be more than happy to answer it for you as well as add it to our list.
- Who are you?
- What do you do?
- How does it work?
- How do I submit an offer?
- Who do I submit earnest money to?
- When is the earnest money due?
- Is the earnest money Refunable?
- Do I need an attorney?
- When can I view the property?
- Do you clean the property before closing?
- How many houses do you buy and why not keep them for yourselves?
- Who will pay the closing costs? Will it cost me any money?
- Why are the properties discounted so much on this site?
- How are the properties on this site different from ones I’d find on the MLS?
- Can I use bank financing to buy these properties?
- How do I make an offer on a property?
- How often do you add new investment properties in Chicago to the site and VIP Buyers List?
- Do you charge any fees to buy or sell a home?
- Property Inspection & Walkthrough Guidelines?
1. Who are you?
I’m Ali, founder of One Piece Solutions LLC. I work with a devoted and high quality team. Our Company page will give you a very detailed picture of who we are. Feel free to visit that page to know us a bit. We are committed to presenting all our clients the best version of us and to provide complete transparency about our values and how we represent this company.
2. What do you do?
We buy and wholesale properties in Chicago Illinois, and in nearby cities and states. We provide an easy solution to investors, like yourself, who have the funds available to buy your next investment but don’t have any deals at the moment to buy, which is a common problem for every investor. We acquire these properties in different ways by calling, texting and sending out mailers to homeowners consistently then pass along these deals to you. We get these properties at a big enough discount so you can make your profit as well as us. If time is of the essence, and you don’t want to deal with the hassle of speaking and negotiating with emotional homeowners, we believe that we are the perfect company for you.
If you’re on the fence about selling your property, find out now if our offer is right for you. Simply fill out the form below so we can fully review your property and provide you with our highest cash offer.
3. How does it work?
This is one of our most common questions and definitely an important one.
Our process is simple and includes only three key steps.
- Visit the property you are interested in.
- After viewing, Submit your offer to us.
- We agree on price and terms and schedule a closing date.
For more information visit our How Do I Sell My Chicago House page if you have not done so already.
4. How do I submit an offer?
To submit an offer, email it to us at info@onepiecesolutions.com Since we wholesale in a few different states, you can submit it with your local state contract or you can simply email us your offer price, earnest money deposit (EMD) amount, how you intend to purchase (cash, hard money, loan, etc), how soon you intend to close.
5. Who do I submit earnest money to?
We normally have our buyers submit earnest money in form of a cashiers check or wire transfer to either the title company or our attorney’s escrow account. We will specify where and when it is due on the purchase/assignment agreement.
6. When is the earnest money due?
Earnest Money is normally due within 48 hours from executing the contract. The purchase or assignment agreement is not valid until earnest money had been received. We will continue to market the property until it has been secured.
7. Is the earnest money Refundable?
The earnest money deposit (EMD) is NON REFUNDABLE. The only event where the earnest money will be refunded, is IF the seller decides to back out or IF there are title issues concerning the subject property.
8. Do I need an attorney?
It depends on state laws whether an attorney is needed for a Real Estate transaction. We always advise all of our buyers to seek legal counsel. In cases where an attorney is necessary, we have a team of attorney’s we work with and they will coordinate with your attorney to make this a smooth transaction.
9. When can I view the property?
Once you’re interested in viewing a property that fits your buying criteria, simply reach out to us so we can coordinate a walkthrough for you. We will either set up a time for you to view the property or give you instructions on how to get access whether that be via lockbox or drill. Please be sure to read the Property Inspection & Walkthrough Guidelines below. On most occasions, we can only get you inside ONCE so make sure you bring everyone you have to in order to make a decision.
10. Do you clean the property before closing?
NO. We sell these properties As-Is. We will not clean or make any improvements. You will be responsible to buy the property as-is, unless otherwise negotiated. Please keep this is mind when submitting an offer.
11. How many houses do you buy and why not keep them for yourselves?
We buy lots of houses, as many as we can in fact. However we can’t buy them all, even though we wish we could. Instead we created a business model to wholesale them to other investors and we use these funds to buy more properties for ourselves. Its a win win for all parties involved.
12. Who will pay the closing costs? Will it cost me any money?
Since we are getting these deals at a discount, you will more than likely have to pay for ALL closing costs, including transfer stamps for both the seller and yourself. Just factor this in when making an offer. On a few occasions, we negotiate that the seller pays for their closing costs so we’ll pass this saving onto you.
13. Why are the properties discounted so much on this site?
You’ll find investment properties on this site discounted 20-50% because of our proprietary marketing systems that get in touch with homeowners who are needing to sell their property. Often times they may be in foreclosure and our company can help them out by buying their house quickly for cash… which is a win-win. Then, we pass the discount along to you. We get enough deals that we can sell to you for a profit.
14. How are the properties on this site different from ones I’d find on the MLS?
Most properties you’ll find on our site are ones that you’ll never find on the MLS. The MLS is the “Multiple Listing Service” which is where real estate agents list properties for sale. We work directly with the homeowners because many times we’re able to help them solve their problem more quickly and cheaper than listing it on the MLS.
15. Can I use bank financing to buy these properties?
We tend to work with people looking for investment properties who are paying cash and who can close quickly. However, if you are pre-approved with a bank and can close quickly… we’ll consider all offers. If you need financing to buy a property you see on our site, contact us today and we can connect you with lenders that we recommend and have worked with before.
16. How do I make an offer on a property?
Simple, head over to our Contact Us page and send us an email or give us a call. We take offers first come first serve… and telephone tends to be the quickest. Once you connect with us and you want to purchase the property, we’ll require an earnest deposit to secure your offer on that property. We’ll answer any of your questions so you feel 100% comfortable and confident in your decisions.
17. How often do you add new investment properties in Chicago to the site and VIP Buyers List?
We’re always sourcing new investment properties… and add new properties to this site on a continual basis. So, check back often as our properties tend to sell very very quickly.
18. Do you charge any fees to buy or sell a home?
We don’t charge homeowners any fees to help them find a solution. We purchase properties at a win-win price. When you buy an investment property from us, we buy the property at a steep discount, add on our property acquisition fee which is our profit for finding and negotiating the deal… and you pay a still deeply discounted price. A win-win for all.
19. Property Inspection & Walkthrough Guidelines?
RSVP Required: Please Call or Text to RSVP prior to attending the showing. Also disclose all who plan on attending the Showing; including your client, contractor, property manager, etc. It is important to RSVP so that in the event of changes to the Scheduled Showing, we can contact everyone to reschedule. Some of our deals are difficult to access due to tenants/occupants changing the plan last minute and we wouldn’t want to waste your time if that happens.
Check-In Required: You must check in with our Representative at the Showing, unless property is accessible via lockbox. We do NOT give out lockbox codes unless you are present at the property.
Respect The Property: Please do NOT remove any contents or disturb the condition of the property in any way during the Showing. Even if some of these properties aren’t in good condition, often with belongings that appear to be abandoned, the property and its contents are NOT yours until AFTER you close the deal.
Respect the Occupants: Please do NOT disturb the occupants by arriving early and asking for access to the property or arriving late.
Please do NOT ask questions of the occupants at any time: Should you have specific questions during/after the showing, please direct them to the Rep/phone number found associated with that specific deal. We will obtain all requested information in a timely manner.
Keep Your Comments To Yourself: Please keep all of your comments, positive or negative, regarding the condition of the property to yourself. Many of these deals are occupied by people who are already embarrassed about their current living conditions and your comments don’t make the situation any better.
No Offers Or Negotiations at the Showing: The purpose of the Showing is for you to be able to physically see the property. To be fair to all Buyers who view our deals, we will set an Offer Deadline within a day or two after the Showing to allow you time to analyze the deal and submit your offer. No negotiating and No offers are to take place at the Showing.