Where is ExpanseOne currently buying homes?
What types of properties does ExpanseOne purchase?
Do you purchase homes in age-restricted communities?
Yes, we do. Typically, our maximum purchase price for homes in age-restricted communities is $325,000.
Do you purchase homes in gated communities?
Are there any types of homes that you won’t purchase?
Can I still sell to ExpanseOne if my home is listed with an agent?
Yes. Even though you don’t need an agent to sell your home to ExpanseOne, if you’re already working with an agent or your home is currently listed, we will work with your agent directly. Simply have your agent submit your request for an offer on your behalf or submit your home with your agent’s information and we’ll take it from there.
Can I trade-in my home to ExpanseOne?
Yes. Because few homeowners have the financial capability to own two homes at the same time, ExpanseOne helps you time the purchase of your new home with the sale of your existing home to us. The transactions happen back-to-back and reduce the stress that you might otherwise experience. You can speak with one of our Homeowner Consultants to learn more.
How do the improvements that I made to my house affect the offer?
Improvements (or renovations) to your home are an important factor in how we determine the value of your home and our purchase offer, so it is important you tell us about them in your offer request. Photos of your improvements also help; you can upload them when making an offer request or send them via email to email@example.com; please make sure that you include your home’s address in your email.
How fast will I receive my offer?
ExpanseOne typically provides you with an offer within 24-hours after you submit your request and we conduct our home assessment.
Should I provide photos?
No. What separates ExpanseOne from other companies is our team will take photos conducts the assessment of your property. This way we have a more accurate understanding of your home’s condition, features and overall value.
My property is leased and occupied by tenants.
We understand. We’ll work around your tenants in scheduling our your home assessment. Remember, though, that the tenants have to move out by closing or we can’t buy your home.
Does my offer expire?
Yes. Home values will often change based upon market activity, competition and other factors. Our offers will usually expire in four days from the date of the offer. However, ExpanseOne is happy to provide you with an updated offer. Please be aware that our renewed offer price may be unchanged, higher or lower than your original offer depending upon current market conditions. In rare instances, we may conclude that we are unable to renew an offer.
How long does the selling process take with ExpanseOne?
With ExpanseOne, you have the freedom to select your closing date. If needed, we can close in as few as 10 days. If you prefer more time, our team can accommodate a closing date as long as 90 days.
All homes: 15 days
Homes with no HOA: 10 days
Homes in an HOA: 15 days
What happens to my house after I sell to ExpanseOne?
Depending upon the condition, we will typically perform light renovations on the home to get it market-ready. These items may include upgrading appliances, painting, putting in new carpet or maybe even upgrading countertops. We’ll install for sale signs, hold open houses, send out flyers, take care of listing paperwork, talk to agents, wait for and negotiate with a buyer, work with the appraiser, worry about buyer financing falling through, pay holding costs, utilities and association dues. In short, once we’ve bought your house, we take on the costs, risks, hassles, and headaches associated with selling a home.
Is my information secure?
How is the offer price for my home determined?
Your home is carefully evaluated by a team of real estate experts who specialize in your market. Using their knowledge, combined with ExpanseOne’s proprietary evaluation and predictive market analysis technologies, ExpanseOne is able to provide our customers with data-driven and competitive offers.
Are there other transaction costs that I should consider?
Sellers are responsible for certain closing costs—just like any traditional sale. These fees may include title insurance, escrow fees, HOA transfers fees, taxes, document transfers and other customary fees. These fees differ based on market and can range from 1% to 3% of purchase price.
How does my offer price compare to values on sites like Zillow?
What are the costs associated with selling to ExpanseOne?
ExpanseOne charges a service fee between 6%–10%. ExpanseOne allows you to skip the hassles of listing your home; however, once we buy and list your home, we’ll need to pay all the normal transaction costs that come with selling a home—including a commission to a buyer’s agent (3%), concessions to buyer, holding costs, maintenance fees, taxes and other costs to list and market the home.
How does selling to ExpanseOne compare to selling traditionally?
Selling to ExpanseOne is a competitive alternative to costs typically associated with listing your home on the traditional market. Our average service fee is typically 7%, as compared with the 6% most sellers will pay in commissions to list their home with an agent. View our comparison of a sale to ExpanseOne compared to a traditional listing.
Does ExpanseOne negotiate on their offer price?
The team works hard to make sure that our initial offer is fair and a competitive market price. However, if you feel that we’ve missed something about your home that affects our offer – we want to know. Please feel free to contact your ExpanseOne Homeowner Consultant and we’ll be happy to re-evaluate your property.
How do I accept an offer?
You officially accept our offer by signing the purchase agreement. Once ExpanseOne, you (and any other sellers) sign the agreement, we are officially under contract.
How do I sign the purchase agreement?
ExpanseOne makes it easy to sign your documents online using one of our electronic signature provider, DocuSign.
What if I don’t know the date I would like to close?
That’s ok. You can simply select the closest date to your best guess. We will send you an addendum to adjust the closing date when you’ve got your final closing date determined.
Does ExpanseOne look at my home in-person?
Yes. ExpanseOne will perform a free, on-site inspection of your home prior to giving you an offer to purchase your home. The purpose the appointment is to verify the specifications of your home, its condition, and identify repairs that will need to be addressed prior to close.
Who will be inspecting my home?
Either an ExpanseOne team member or licensed property inspector (or both) will perform the inspection. If specialists are needed, we will partner with licensed contractors to provide additional insight and expertise and work with you to coordinate the scheduling of all property inspections.
What areas of my house are you looking at?
ExpanseOne will need access to your entire home during our inspection. When your inspection is scheduled, we will provide you with a guide that will help you prepare for the inspection and provide you with an overview of the most common items we evaluate during the inspection process.
What happens if the inspection finds repairs are needed?
Provide ExpanseOne with a credit.
Make the repairs before closing.
Decline to make any requested repairs or issue a credit.
How does the final walk-through work?
ExpanseOne typically performs our final walk-through of the home after you’ve moved out of your home. The walk-through is to confirm that all personal property has been removed and that the home’s condition hasn’t changed since we went under contract. For closing to occur as scheduled, it is critical that the property be clear of personal belongings and trash.
How quickly can I close?
Homes with no HOA: 8 business days
Homes in an HOA: 11 business days
Homes with no HOA: 8 business days
Homes in an HOA: 11 business days
I need a specific closing date to work with the purchase of my new home.
We are happy to work with you with a closing date up to 90 days from your signed contract date.
What company does ExpanseOne use for title and closing services?
When ExpanseOne purchases a home, we use First American Title in all markets except Georgia, North Carolina and South Carolina. In those states, where closings are handled by law firms, we work with Albertelli Law. These firms make sure title is legitimate and then issues a title insurance for that property.
Can I change my closing date once I am under contract?
Yes, we can adjust your closing date at any point throughout the selling process. You have up to 90 days to close on the sale of your home to ExpanseOne and we are able to adjust this date within this period to your schedule.
Can I stay in my home after it closes?
Yes, ExpanseOne offers our Extended Stay program which allows you to stay in your home for up to three days after closing. This program helps sellers avoid the rush of having to close and move in one day.
What are the specific details of the Extended Stay program?
How does my mortgage get paid off?
The title company or attorney office handling the transaction will send the final payoff payment to your lender, the remaining funds (less closing costs) will be wired to your bank account.
When do we sign the closing documents?
The title company or attorney’s office handling the transaction will schedule a convenient time for you to sign the closing documents.
When do I need to move out of my house?
The home must be clear of all personal belongings and trash at least 24 hours prior to closing.
What appliances can I take when I move?
This varies from state to state, and the typical practices are outlined below:
What do I need to leave my home when I move?
You will need to leave any built-in appliances, keys, remotes and any other items that belong with the home.