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| GENERAL QUESTIONS & ANSWERS ABOUT PROPERTYHOOKUP.COM |
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| Q. What is PropertyHookup.com? |
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| A. PropertyHookup.com is YOUR personalized GPS system when you're looking for a great value in real estate. We feature a large inventory of bank owned real estate, foreclosure homes, fixer upper listings and distressed properties that sellers would like to quickly sell. We focus our work on a very extensive network of real estate professionals whose goal is to list and sell certain types of real estate quickly, and who use our site to connect with our vast network of educated and serious "NO NON-SENSE" buyers who use CASH and creative financing to get these properties closed fast. Top >>>
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| PropertyHookup.com is the place to evaluate property and value data, invest in discounted foreclosures, buy cash flow properties, buy fixer uppers, and learn about investing in real estate. You'll find the latest information on Local Discounted Real Estate Properties, Bank Owned Foreclosed Homes, REO Home Foreclosures, VA Foreclosed Homes, Fixer Uppers, Distressed Sales and HUD Foreclosed Homes for sale in the area. Top >>>
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Q. What is BASE MARKET VALUE? |
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A. A property's Base Market Value is the value of the property in its basic, stock, "FAIR CONDITION" form. It is an indication of today's value of the property in a clean, functioning, livable condition based on a fundamental valuation of its core attributes. Base Market Value combines recent sales data along with the most current market supply, pricing and demand information. Base Market Value does not aim to dictate the maximum or "optimal" value of a property. The formula's components focus on the fundamental features of real estate; Square footage, lot size, utilities and amenities to name a few. As its name indicates, Base Market Value establishes a foundation for the value of any given property. It purposely excludes the extra frills and added "intrinsic" values that a seller may put on a property based on their own preferences and circumstances. These unquantifiabe features ultimately do not hold true value in a fluctuating market. By ignoring these added inflators, Base Market Value provides focused, fundamental valuations that users can build on. More on BASE MARKET VALUE >>>
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Q. How does PropertyHookup.com calculate the property's BASE MARKET VALUE?
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A. That's the backbone of our research, our "secret recipe", and it will not be given away easily. Our COMPARABLE VALUE Calculation Engine is exclusively our own and produces value estimates that no other source available on the web can compete with. NONE OF THE COMPETITORS: Zillow.com, HouseValues.com or Yahoo! HomeValues come near the accuracy we provide. This allows us to accurately value properties, and provide insight and identify great real estate deals all over the country that are available 10% OR MORE BELOW TODAY'S VALUE. Top >>>
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Q. Which geographical areas do you support?
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| A. We are currently in all major U.S. metropolitan areas and are expanding further throughout the United States and Canada. Top >>>
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Q. What is a Foreclosure?
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A. A Foreclosure occurs when a homeowner misses his or her payments and defaults on the mortgage. Property in foreclosure is often referred to as "distressed" because the owner is in financial distress and is behind on his or her payments. The owner's financial distress can be caused by a variety of unfortunate circumstances. This often results in a bargain buying opportunity for a well-informed homebuyer or investor, who can create a WIN / WIN situation and help the homeowner avoid serious credit problems. Top >>>
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Q. What is a Pre-Foreclosure?
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A. Pre-foreclosure represents the first stage in the foreclosure process. In this phase, the homeowner has missed at least one payment and is now considered delinquent on the loan. Buying a property in pre-foreclosure involves approaching the owner in default with an opportunity for the owner to escape the burdens of the full foreclosure process. Your goal as the potential new Buyer is to help the homeowner navigate through this challenging situation, relieve them of the growing mortgage debt and ultimately to avoid foreclosure. For buyers, pre-foreclosures offer potential discounts of 20% to 60% below market value, while helping out someone in distress (the owner).
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Q. Do you work with investors?
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A. Yes we do! We can help you whether you are just beginning to buy property and need valuable market data or if you are already an experienced property owner who is looking for your next great deal. We can supply you with properties needing repairs at wholesale prices or those already repaired and with or without tenants occupying them.
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Q. Can I save a lot of money buying foreclosures?
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A. YES, you can! There are many people buying foreclosures, pre-foreclosures, and fixer uppers -- and saving an enormous amount of money doing it. This is because a foreclosed property is considered "distressed" by the seller, who wants to sell the property quickly. When a seller is motivated to sell quickly, it can result in prices substantially below market value. This means a great opportunity for you!
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Q. Are there a lot of listings available?
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A. Yes, this is perhaps the best time in decades to buy discounted real estate. The historic housing boom of the last 10 years led to predatory and allegedly unethical lending by aggressive lenders and banks. This led to homeowners being approved for loans that they could not afford, especially when the adjustable interest rates increased and the payments skyrocketed. Combine these higher payments with a flat housing market, and you end up with many homeowners simply giving up on their home or leaving it for the bank to repossess.
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Q. Can I finance a purchase through PropertyHookup.com?
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A. PropertyHookup.com does not offer financing directly. We provide links to businesses that will gladly assist you. These links are located in the LOCAL PARTNERS section of the website at the bottom left of almost every page. Please support PropertyHookup.com and contact and use our LOCAL PARTNERS.
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DATA SOURCE QUESTIONS
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Q. Where does PropertyHookup.com get its information?
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A. Our COMPARABLE VALUE Calculating Engine is exclusively our own and produces value estimates that no other source available on the web can compete with. This allows us to accurately value and identify properties available under value. As for our listings, PropertyHookup.com uses various sources for property listings. Because we market foreclosures, Repos, Pre-foreclosures, Short sales, Fixer Uppers and FSBO's, we have active contracts with numerous data providers that provide us with property listings, updated daily. We also comb through public information sources to ensure you have the most accurate, comprehensive listings available. Even an inferior information source and technology would cost an individual THOUSANDS of dollars each month.
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SUBSCRIPTION QUESTIONS
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Q. Is it FREE to use PropertyHookup.com?
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A. The BUYER and SELLER membership types are TOTALLY FREE and yours to use for as long as you like. We've set these two membership types up with a select few of our strongest tools so that you get a true feel for what we do and how we can help in your real estate search. Top >>>
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Q. What do I get when I sign up?
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A. You'll set your own personal ID and password that grants you access to the PropertyHookup.com MEMBERS ONLY sections, which is only available if you sign up. Using our tools, you can search our exclusive database of discounted listings, all of which are AT LEAST 10% BELOW MARKET VALUE, including homes as low as $5,000. Set your specific criteria for the type of home your looking for in the areas you like most. Our software scours the market daily crunching tens of thousand of valuations to find the very best priced listings available. We've got you connected with the very best real estate professionals in the area to help you take your negotations to the next step and make yourself one incredible deal. In summary, you get everything you need to find real estate at up to 60% below market value. Making, or Saving, you TEN$ OF THOU$AND$ OF DOLLAR$.
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Q. How do I start?
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A. It's very easy. Sign Up Here Simply select the type of membership that fits you: BUYER, SELLER, AGENT or INVESTOR and complete our 1-page form by providing your contact information. Once you've registered, you're in our password-protected website and free to start searching.
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Q. What PAID memberships do you offer?
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A. There are two paid memberships available. The INVESTOR membership provides FULL ACCESS and UNLIMITED USE of our strongest tools. The AGENT membership is FREE in it's basic form, but AGENTS have an opportunity to market to our BUYER and INVESTOR users through a number of Advertising options. REMEMBER: You get what you pay for. The fees we charge are used to create the most up to date and accurate discount real estate database available on the web and to provide assistance to our customers. IMPORTANT: At PropertyHookup.com, we make it very simple to cancel and there are no hidden fees or charges.
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Q. Is it easy to cancel and stop the charges?
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A. Yes, we make it very easy for you to cancel (unlike other companies that intentionally make it difficult). To cancel immediately (no questions asked), simply email us at: Members@PropertyHookup.com
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Q. How do I cancel?
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A. To cancel immediately (no questions asked), simply email us at: Members@PropertyHookup.com. You'll be asked to enter your email address and password to verify your identity, and then you'll be automatically cancelled. IT IS THAT EASY!
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Q. What happens if I buy a paid membership but do not use the website?
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A. Since you are paying for access to the website's tools and exposure (as opposed to actually using the website), you will still be charged. The only way to ensure you do not get charged the monthly fees is to cancel before your Trial or term expires. While some customers may disagree with this policy, we ask that you think of a newspaper subscription. You are paying for having access to that newspaper, not for actually having read the newspaper. You will still pay their subscription fees even if you never read their content. The analogy holds true for cable TV, phone bills, gym memberships, etc. You pay their fees regardless of actual usage, and our subscription operates in the same manner. We have found it's the only way to provide these valuable services for such low monthly fees, as it would cost you thousands of dollars and countless hours to find and access this information yourself. Remember that you can also SAVE or MAKE thousands of dollars doing one deal using PropertyHookup.com, which is huge compared to the small monthly fee you pay to access PropertyHookup.com.
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PROPERTY LISTING QUESTIONS
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Q. Are the Property Listings FREE?
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A. Yes. You can list as many property listings as you want for FREE. You are only limited by how much file space you take up on our servers. Space is ONLY taken up by photos and files you attach to your property listings. Realistically, you can list as many non-photo listings as you want without ever having to pay.
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Q. How many properties can I post for sale?
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A. PropertyHookup.com's database was built to support 1 Billion properties and is scalable as we grow, making us the country's premier property database. Listing is always FREE!
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Q. What type of properties can you list on PropertyHookup.com?
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A. You can list ANY type of Residential property for ANY price in ANY area, and in ANY condition, EVEN UNFINISHED, FLOODED OR BURNED DOWN.
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Q. What do you mean "any condition"? What if my house needs repairs?
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A. Your listing will sell quickly as long as you have priced it correctly so that the new buyer has plenty of room in the figures to handle the repairs. Sell it "AS / IS" and at a nice discount. You won't have to repair a single thing!
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Q. What if my property has Health Dept. violations or is condemned?
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A. No problem! You can still list and sell your house "AS / IS".
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Q. What type of properties cannot be listed on PropertyHookup.com?
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A. We do not accept Properties for Rent (FOR SALE ONLY), Commercial Property or Land at the current time. We will probably revisit this in the future if there is a strong demand.
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Q. How many photos can you attach per listing?
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A. You can attach up to 5 photos of the property.
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Q. How long does it take after I enter in my property listing for it to be approved and active on your website?
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A. Listings are posted automatically and will be verified, proof read and confirmed within 24 hours. Remember that your property must be listed at least 10% under value to come up in most searches and draw any real attention to our BUYERS and INVESTORS. Pay special attention to our Comparable Value and Percentage Discount indicators to ensure that your property is a right fit for our service.
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Q. I received a Property Rejected message. What do I need to do?
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A. You need to make sure your property listing does not contain the following:
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Advertising - Any HTML links within the listings will automatically remove your property from the search results. (IE. click here for more info http://yoursite.com). Web links CAN be put in your My Info area. We will include your website on certain pages relative to your property. |
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ALL CAPS TO GAIN MORE ATTENTION TO YOUR PROPERTY LISTING!! SEEMS LIKE WE ARE YELLING AT YOU, RIGHT? Our customers do not like to see all caps in property listings. |
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Incorrect Address - If you aren't including the correct property address, it means we can't plot the property on our map. Make sure you spell out your addresses (ie Main Street instead of Main St.) |
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Your property must be listed at least 10% under value for it to show up in our Search Engine. Pay special attention to our Comparable Value and Percentage Discount indicators to ensure that your property is a right fit for our service.
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Q. When do I need to upgrade my account?
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A. INVESTORS and REAL ESTATE BUSINESS PROFESSIONALS who wish to harness the full power of our tools and resources will benefit from our paid membership. AGENTS can control valuable advertising real estate next to listings and in exclusive ZIP CODES and CITIES by upgrading. Connecting REAL BUYERS with KNOWLEDGABLE PROFESSIONALS is our #1 FOCUS.
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Q. My Property Listing showed up "first" on your list yesterday, but now it's lower on the list. What happened?
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A. We list each property based on price, discount and how long it has been posted. We update our listings daily, so you have the opportunity of editing your listing to keep the information accurate and recieve the optimal positioning.
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Q. Will my property get more exposure if I provide photos??
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A. Because of the nature of the Internet and Web Users, photos will help boost your property's exposure, but our ranking system isn't solely dependent on how many Photos you attach to the property. Also, provide as much information about your property as you can. Make sure you describe your property in the Titles, and use up the description fields as much as possible.
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FAQs FOR BROKERS AND AGENTS
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Q. Why are my listings linked to someone else's website? What can I do about it?
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A. PropertyHookup.com collects listings in two ways: by crawling the web, and by receiving uploads directly from Agents and Brokers. If your listings are linked to someone else's website, either we crawled and found the listings on their website or the site owner uploaded the listings to us. To fix this error, you can either upload your listings with links to your site, tag your listings through your Agent Dashboard in your account profile or request that your listings be removed from our index altogether.
By uploading your listings to PropertyHookup.com, you can ensure that you are attracting the right type of potential buyers to your properties right when they're most actively looking for them. To be certain that your listings are properly attributed to you, just upload them and add your wesbite address in your profile pointing back to your site.
If you don't want your listings to be searchable on PropertyHookup.com at all, you can request that they be removed from our index. Top >>>
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Q. Is PropertyHookup.com a broker? A nationwide MLS??
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A. PropertyHookup.com
is neither. Our goal is to highlight great values in real estate markets all over the country. People use PropertyHookup.com to identify great deals in their market and professional experts to help them with their purchase. In any event, your highlighted property will bring ready, willing and able Buyers to properties they wouldnt have otherwise been able to identify.
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