Frequently Asked Questions

Answers to Your Commonly Asked Questions

Homeowners

  • Why should I work with Phoenix Redevelopment, Inc. as a buyer for my home?

    Phoenix Redevelopment, Inc. was established in 1991. We are one of the largest and most experienced homebuyers in the Northwest. Our financial stability, twenty years of experience, and over $145 million in completed transactions has made us the buyer of choice for thousands of property owners in the Portland area. Our offer will be fair, tailored to your needs, and we keep things simple - all cash, as-is, no fees. If you own a home with potential, our Seller's Advantage Program™ is the ideal way for you to sell your home.
  • What kinds of property does Phoenix purchase?

    We purchase all types of residential property, from single family homes to plexes and apartment buildings. We purchase in all price ranges and in all neighborhoods in the greater Portland metropolitan area. We are interested in property in any condition, from very good to extremely neglected. With our Seller's Advantage Program™ we are seeking homes that have potential. We are skilled at creating true masterpieces from homes that have the potential to be spectacular!
  • What's unique about your Phoenix Seller's Advantage Program™?

    We've developed our proprietary, step-by-step Seller's Advantage Program™ to ensure that your needs are understood thoroughly, addressed completely, and that the entire process of selling your home to us happens smoothly, professionally, and confidentially. With the Seller's Advantage Program™ as our roadmap, we'll work with you to define your specific objectives, develop a series of alternative proposals, and then execute the plan that you think best fits your needs. Our Seller's Advantage Program™ ensures that the entire process from our initial meeting to the eventual ownership transition is clear, straightforward, and professional. With the Seller's Advantage Program™, the entire experience of selling your home will be clear, confidential, and reliable, with you in control of the transaction from start to finish.
  • Can you ensure my privacy in our discussions?

    Absolutely! We ensure that every transaction and every conversation is conducted with the utmost professionalism and confidentiality. Your business is your own, and we'll help keep it that way.
  • What is so special about all cash, as-is, no fees?

    Everything! Because we are all cash buyers, we never have to apply for a loan and never have lending problems. Cash gives us the flexibility to structure an offer tailored to your specific needs. Buying as-is means that cosmetic repairs, structural problems, plumbing and electrical problems, mold, oil tanks, lead paint and any number of other issues will never be a problem for you. And no fees means just that - no commissions, no hidden costs.
  • Won't you just make a really low offer for my home?

    No! We are talented renovators with the skills and experience to add value to any home in any condition. Our success comes from the value we create through our extensive renovation process. We earn a return on our projects from how we renovate our homes, not from making unrealistic offers. With our Seller's Advantage Program™ we can show you a range of options that will allow us to make a very fair offer for your home...an all cash, as-is, no fees offer that will move smoothly to closing and close on time.
  • Am I obligated in any way if you come out to view my home?

    Absolutely not. There is never a fee or obligation. The purpose of our property visit and our discussions with you is to develop a purchase proposal for your home. It is our sincere hope that our proposal will meet your needs and be accepted, but you are under absolutely no obligation to sell to us and we do not charge a fee for developing a proposal for you.
  • How quickly can I expect a written offer from Phoenix Redevelopment, Inc.?

    Right away! We are cash buyers with experience dealing with residential property of all types. We do extensive research and preparation prior to meeting with you, so in most cases we are prepared to develop and present an offer to you in our first on-site meeting at your home. In some cases we need to do more research after the property visit, but we always communicate our offer no later than the following day.
  • What if I won't be ready to sell for a few months?

    That's never a problem. We have the funds available to close whenever you are ready to move forward. There's never a rush. Flexibility is one of many advantages you will have if you choose Phoenix Redevelopment, Inc. as your buyer.
  • If I do sell, when do I have to move?

    Whenever you want! As part of the process of our Seller's Advantage Program™, we'll work with you to settle on both a close date and a move date that gives you the time you need to transition out of your home. We can also combine this with our Phoenix Leaseback Program™ where we make arrangements to have you stay in your home for an extended period of time. This gives you the opportunity to move more slowly - over a number of months or even longer. You'll have plenty of time to consider all of your options and move on your schedule.
  • I've accumulated lots of things in my home over the years. Can you help me with my move?

    Absolutely! We organize an entire team of professionals to ensure that our purchase process goes smoothly for our Sellers. Part of that team involves professionals that will purchase items you might be interested in selling and other professionals that can help coordinate and execute your move. Our Seller's Advantage Program™ is a complete solution to the selling and moving needs of our Seller clients, so we can easily accommodate your move as part of the solution we develop for you.
  • I've always used a Realtor to sell my home. What's the benefit of working with Phoenix?

    We are buyers, and we will buy directly from you. A Realtor works to find you a buyer and then charges a commission when and if this occurs. By working with Phoenix Redevelopment, Inc., you skip this uncertain and costly process and move directly to joint development with us of a transaction that will be highly tailored to your specific needs and objectives. You won't have to wait for a buyer, do costly repairs, prepare your home for open houses, pay a commission, or deal with a parade of strangers through your home. We can prepare an all cash, as-is, no fees offer for your home and have the entire transaction completed and closed on your schedule – in just a few days or as long as you like.

Investment Property Owners

  • Why should I work with Phoenix Redevelopment, Inc. as a buyer for my rental home?

    Phoenix Redevelopment, Inc. was established in 1991. We are one of the largest and most experienced real estate buyers in the Northwest. Our financial stability, twenty years of experience, and over $145 million in completed transactions has made us the buyer of choice for thousands of property owners in the Portland and Seattle areas. Our offer will be fair, tailored to your needs, and we keep things simple - all cash, as-is, no fees. If you own a rental home, our Investor's Advantage Program™ is the ideal way for you to sell your property.
  • What kinds of property does Phoenix purchase?

    We purchase all types of residential property, from single family homes to plexes and apartment buildings. We purchase in all price ranges and in all neighborhoods in the greater Portland metropolitan area. We are interested in property in any condition, from very good to extremely neglected.
  • What's unique about your Phoenix Investor's Advantage Program™?

    We've developed our proprietary, step-by-step Investor's Advantage Program™ to ensure that your needs are understood thoroughly, addressed completely, and that the entire process of selling your rental home to us happens smoothly, professionally, and confidentially. With the Investor's Advantage Program™ as our roadmap, we'll work with you to define your specific objectives, develop a series of alternative proposals, and then execute the plan that you think best fits your needs. Our Investor's Advantage Program™ ensures that the entire process from our initial meeting to the eventual ownership transition is clear, straightforward, and professional. With the Investor's Advantage Program™, the entire experience of selling your rental home will be clear, confidential, and reliable, with you in control of the transaction from start to finish.
  • Can you ensure my privacy in our discussions?

    Absolutely! We ensure that every transaction and every conversation is conducted with the utmost professionalism and confidentiality. Your business is your own, and we'll help keep it that way.
  • What is so special about all cash, as-is, no fees?

    Everything! Because we are all cash buyers, we never have to apply for a loan and never have lending problems. Cash gives us the flexibility to structure an offer tailored to your specific needs. Buying as-is means that tenant issues, cosmetic repairs, structural problems, code violations, mold, oil tanks, lead paint and any number of other issues will never be a problem for you. And no fees means just that - no commissions, no hidden costs.
  • Won't you just make a really low offer for my rental?

    No! We are talented renovators with the skills and experience to add value to any home in any condition. Our success comes from the value we create through our extensive renovation process. We earn a return on our projects from how we renovate our homes, not from making unrealistic offers. With our Investor's Advantage Program™ we can show you a range of options that will allow us to make a very fair offer for your rental home...an all cash, as-is, no fees offer that will move smoothly to closing and close on time.
  • Am I obligated in any way if you come out to view my property?

    Absolutely not. There is never a fee or obligation. The purpose of our property visit and our discussions with you is to develop a purchase proposal for your rental home. It is our sincere hope that our proposal will meet your needs and be accepted, but you are under absolutely no obligation to sell to us and we do not charge a fee for developing a proposal for you.
  • How quickly can I expect a written offer from Phoenix Redevelopment, Inc.?

    Right away! We are cash buyers with experience dealing with residential property of all types. We do extensive research and preparation prior to meeting with you, so in most cases we are prepared to develop and present an offer to you in our first on-site meeting at your property. In some cases we need to do more research after the property visit, but we always communicate our offer no later than the following day.
  • What if I won't be ready to sell for a few months?

    That's never a problem. We have the funds available to close whenever you are ready to move forward. There's never a rush. Flexibility is one of many advantages you will have if you choose Phoenix Redevelopment, Inc. as your buyer. We can also work directly with you to exactly match the timing of your §1031 exchange.
  • Can I do this without my tenants knowing?

    Absolutely. Working with Phoenix is completely private and confidential. We also understand the value of good tenants and have no interest in making them worry about your plans for the rental home. While we will eventually need to see the interior of the property, we will work closely with you to make specific arrangements for this inspection. Until you have committed to a transaction, there is no need to notify your tenants or give them any cause to start looking for a new home to rent.
  • If I do sell, what do I do with my tenants?

    Depending on the lease arrangement, we generally would prefer to buy your property with the tenants in place. We have a wealth of experience dealing with tenant issues and property management. We can either help you with the vacancy coordination or allow you to pass the landlording responsibility to us and get on with your other plans. Using our Investor's Advantage Program™, we'll explore a variety of options that ensure a smooth transition and settle on a specific close date that meets your needs.
  • I've always used a Realtor to sell my property. What's the benefit of working with Phoenix?

    We are buyers, and we will buy directly from you. A Realtor works to find you a buyer and then charges a commission when and if this occurs. By working with Phoenix Redevelopment, Inc., you skip this uncertain and costly process and move directly to joint development with us of a transaction that will be highly tailored to your specific needs and objectives. You won't have to wait for a buyer, lose a good tenant, do costly repairs, prepare your rental home for open houses, pay a commission, or deal with a parade of strangers through your property. We can prepare an all cash, as-is, no fees offer for your rental home and have the entire transaction completed and closed on your schedule — in just a few days or as long as you like.

Estates and Family Matters

  • What's unique about Phoenix Redevelopment's Estate Advantage Program™?

    We've developed our Estate Advantage Program™ to ensure that the property sale needs of the Estate are understood thoroughly and addressed completely. With the Estate Advantage Program™ as a roadmap, we'll work with you to define the objectives of the Estate, develop a series of alternative transaction proposals, and then execute the transaction that best fits the Estate's requirements. As Personal Representative, you'll remain involved with and in control of the transaction from start to finish.
  • Why should I work with Phoenix Redevelopment as a buyer?

    Phoenix Redevelopment, Inc. was established in 1991. We are one of the largest and most experienced buyers of residential and commercial property in the Northwest. Over the last twenty years we've worked with thousands of owners and estates to develop reliable and confidential purchase transactions. Our offers are fair, tailored to the needs of the Estate, and we keep things simple - all cash, as-is, no fees.
  • Can you ensure confidentiality and privacy for the Estate?

    Absolutely! We understand the sensitive nature of estate transactions. We ensure that every transaction and every conversation is conducted with the utmost professionalism and confidentiality. All discussions with you will be kept private and will never be shared with anyone outside our organization. If you prefer, we're always willing to work through the Estate's attorney to ensure professional oversight for all elements of the transaction.
  • Can you deal with family disputes or property access issues?

    Absolutely! Family squabbles and being denied entry to property, although sometimes tricky to navigate, can usually be resolved with a little patience and the willingness to be creative and flexible. Often our status as a third party gives us access and neutrality that parties to the Estate may not have.
  • What kinds of property does Phoenix Redevelopment purchase?

    We purchase all types of residential property, from single family homes to plexes and apartment buildings. We purchase in all price ranges and in all areas in the greater Portland metropolitan area. We are interested in property in any condition, from very good to extremely neglected.
  • What is so special about all cash, as-is, no fees?

    Everything! Because we are all cash buyers, we never have to apply for a loan and never have lending problems. Cash gives us the flexibility to structure an offer tailored to the specific needs of the Estate. Buying as-is means that structural problems, plumbing and electrical problems, mold, oil tanks, lead paint and any number of other property deficiencies will never be an issue. And no fees means just that - no commissions, no hidden costs.
  • Won't you just make a really low offer for the Estate's property?

    No! We are talented renovators with the ability and the experience to add value to any property in any condition. Our success comes from how we renovate the properties that we buy, not from making unrealistic offers. With our Estate Advantage Program™ we can show you a range of options that will allow us to make a very fair offer for the property in the Estate...an all cash, as-is, no fees offer that will move smoothly to closing and close on time.
  • Am I obligated in any way if you come out to view the property?

    No! There is never a fee or obligation. The purpose of our property visit and our discussions with you is to develop a purchase proposal for the Estate's property. It is our sincere hope that our proposal will be accepted, but you are under absolutely no obligation to sell to us and we do not charge a fee for developing a proposal.
  • What experience do you have with complex real estate transactions or title problems?

    Phoenix Redevelopment has been purchasing real estate in Portland for over twenty years. In that time we've seen and managed nearly every possible seller, title, and property scenario. We work exclusively with Ticor Title for all of our title and escrow services. Ticor's expertise combined with the skills of our attorneys allows us to identify and address any form of liens, clouded titles, or contested ownership.
  • How quickly can I expect a written offer from Phoenix?

    Right away! We do extensive research and preparation prior to meeting with you. In most cases we are prepared to present an offer in the first on-site meeting at the property. In some cases we may need to do more research after the property visit, but we always communicate our offer as soon as possible after the meeting.
  • Can the Estate's attorney review your documents?

    Without question! All of our proposals can be sent to the Estate's attorney for review and approval prior to collecting any signatures.
  • What if the Estate won't be ready to sell for a few months?

    That's never a problem. We are cash buyers with the funds to close whenever the Estate is ready to move forward. There's never a rush. Flexibility is one of many advantages you will have if you choose Phoenix as your buyer.

Financial Matters

  • Does Phoenix have experience with my situation?

    Yes we do! We're one of the largest and most experienced homebuyers in the Northwest. We've worked with thousands of homeowners facing financial challenges with their mortgages and their homes. Our proprietary set of four unique programs we call The Fresh Start Solution™ is the only process specifically designed to address the unique challenges facing homeowners in foreclosure. By drawing on The Backup Plan Program™, The Equity Maximizer Program™, The Seller's Advocate Program™, and The Extended Stay Program™, we can tailor a solution to your unique circumstances, even if you have no equity in your home.
  • If I have you come out for a meeting, am I obligated to sell my home to Phoenix or pay a fee?

    Absolutely not! The purpose of our visit will be to have a confidential discussion about the ways we can be of help as you decide how to address your current situation. Using the programs of The Fresh Start Solution™ as our roadmap, we'll work with you to systematically examine a broad range of possible actions and develop a highly customized transaction that fits your specific situation and your specific plans. If you elect to move forward with us, we'll do our part and deliver on our promises. If you choose to keep looking for another solution, there will be no hard feelings or obligations whatsoever. The decision will be yours and yours alone.
  • I really don't want to sell, so I'm trying to refinance. Can you still help me?

    Yes, we can! We can help by eliminating the very real risk that your refinance attempt falls through at the last minute, causing you to lose your home and all of your equity at the foreclosure sale. With The Backup Plan Program™, we can create a safety net so that if your refinance falls through at the last minute, as they very often do, you can stay in control of your situation. With a Backup Plan Program™ transaction in place with us, if something hitches at that last minute, you're covered. You simply pick up the phone, instruct Ticor Title to record your sale transaction with Phoenix, and payoff your mortgage, all in the span of less than an hour. This stops the Trustee's Sale cold and ensures that you do not lose the equity you have in your home.
  • I've decided to sell my home. What kind of purchase transaction can you put together?

    If you've decided to sell your home, The Equity Maximizer Program™ is our powerfully simple, all-cash, as-is, no fees approach that provides you with the most straightforward way to sell your home. We will work with you to develop a purchase transaction that closes smoothly, on time, and well in advance of the upcoming Trustee's Sale. Our Equity Maximizer™ purchase transaction will end the foreclosure and provide you with your equity directly from the closing at Ticor Title Company. If you have no equity in your home, we can employ our Seller's Advocate Program™ where we work directly with your bank to negotiate a reduction in what you owe in exchange for you paying off the lion's share of all outstanding mortgage loans.
  • If I do sell, when do I have to move?

    When you want to! We know that a sudden move is difficult and stressful. We also know that you may want to keep your plans private and not have the entire neighborhood curious about what is happening. Using our Extended Stay Program™, we can work with you to settle on a move date that gives you the time you need to transition out of your home. We can also help you with this transition. We can bring in the resources to help you find your next home and even assist you with your move.
  • Won't you just make a really low offer for my home?

    No! We are talented renovators with the ability and the experience to add value to any home. Our success comes from how we renovate the homes that we buy, not from how we purchase them. With our Fresh Start Solution™ programs we can show you a broad range of options that will allow us to make a very fair offer for your home...an all cash, as-is, no fees offer that will move smoothly to closing and close on time.
  • Do you care about the condition of my home?

    Not at all! We are experienced renovators. We are experts at maximizing the value of every home we purchase. We know how to add value to any home, whether it is in perfect condition now or needs tens of thousands of dollars of work to make it financeable. Condition is never a problem.
  • The Trustee's Sale for my home is coming up fast. Is there enough time to do anything?

    Absolutely! We can move VERY quickly if needed. All of our Fresh Start Solution™ programs, The Equity Maximizer Program™, The Backup Plan Program™, The Extended Stay Program™, and The Seller's Advocate Program™ can be implemented quickly enough to stop your foreclosure sale and secure your equity for you. But...the clock is running! Call us today so we can put an end to issues you are now facing.
  • Can we do this without all of my neighbors knowing my situation?

    Absolutely. There is no reason that anyone else needs to know your personal business. Working with Phoenix is completely private and confidential.
  • Why should I consider working with Phoenix Redevelopment, Inc.?

    Because we keep our promises and because we have the financial and logistical resources to make our transaction with you happen exactly as agreed. You don't want to enter into a transaction with an inexperienced or unreliable party that might let you down. The Fresh Start Solution™ is a set of proprietary programs that we have developed based upon over twenty years working directly with homeowners that are facing foreclosure. We are one of the largest buyers of homes in the Northwest and we do what we say we're going to do...every time! By drawing on the The Equity Maximizer Program™, The Backup Plan Program™, The Extended Stay Program™, and The Seller's Advocate Program™, we can tailor a solution to your unique circumstances, even if you have no equity in your home.