FAQ - Frenquently Asked Questions. We help home owners avoid foreclosure, which can damage their credit and future buying power. We purchase fixer homes or houses that are facing foreclosure, pre-foreclosure or bank repossessed homes known as bank repos. </font></b>

Washington State - Real Estate
Licensed Real Estate Brokerage! We help clients Buy & Sell all types of Houses & multi-family units,
even if they are under Foreclosure, Bank Repo, Short Sale or a fixer in need of a lot of work & repair!

FAQ's about selling a house - Frequently Asked Questions

Q. What do we offer?
Answer: We have buyers & Investors both local and out of State, who wish to purchase and sell all types of homes and properties in Tacoma and Puyallup, North End Tacoma, Parkland, Spanaway, Graham, Sumner and Bonney Lake areas, as well as Federal Way, Gig Harbor and all of Pierce County. We also personally buy and sell Estates, Distressed Homes & homes in danger of Bank Foreclosure in King - Pierce & Thurston Counties of Washington State*. The price we pay will depend on market conditions at the time, area the house is in and condition of the homes and properties we look at.

Q. How can a seller make the most money?
Answer: NOT by selling for quick cash. If you List your home For Sale with me as your Agent, you will make more actual profit for yourself in the end than if you sell us your home for quick cash, its just business. We actually prefer to List a house and sell it that way, with more money to you, rather than to purchase a house outright for cash which ties up our funds and buying power. How long can that take? From 3 months to a year, depending on your price and condition of your house. It takes time to advertise in various publications, some magazines only come out once a month. Once we find a buyer, it can take them up to two months to get their funds in place and required paperwork all final.

Q. Why do people sell for Quick Cash?
Answer: Simply put.., they don't want to wait the length of time it "could" take to sell a home. Even priced right, some homes sit on the market for many months and end up repossessed or the seller drops their price till it does sell. Some people find themselves in a bind, due to a lost job, divorce, death in the family and/or many other reasons and just simply do not want to wait even 90 day or 6 months, much less a year or more. There is a risk associated with selling a house to the public in that if they are not happy with the house they could possibly sue the former owner..., however as a Licensed Broker and Agent buying a home for all Cash, we sign release from liability papers that accept the house as-is and since we are held to a higher level of responsibility you have no danger of a law suit later... you are done and cashed out.

Q. What is done with the house after its sold to us?
Answer: We normally will re-sell it as fast as possible, for a small profit of course, normally to one of various Investors or Investment Groups we work with. They basically pay us a fee in turn for giving them a low price and good deal. In some cases we will actually keep a house as a rental for ourselves. We pass on the sale price to the Investor for an average of 5 to 15% normally, depending if we are prior to or after closing and other factors.
A. Prior to closing we generally have ourselves on the Purchase and Sale Contract as: Donald J. Leske II and/or assigns, or our business name BCI Properties, LLC and/or assigns. The verbiage: "and/or assigns" allows us to bring in one of our Investors before we close the sale, letting them take over the proceedings. If this happens NOTHING will change for the sellers in terms of the contract and money they receive. Its already agreed to in advance and the assignment to another buyer does not change that. The buyer in the end will pay their Escrow fees etc, which can average 3% in many cases and we can let them have a lower percentage "buy rate". -
B. Most houses are then remodeled or updated as needed to bring them up to full value and they are then resold again for a price closer to retail value. Notice however, that it is very hard to sell a house for over its retail value as Bank Appraisers work for the Lender of the end buyer and will carefully evaluate the sale price as compared to other similar homes in the area.

Other questions & thoughts

Q. What is a HUD Home?
Answer: A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Q. Who can buy a HUD Home?
Answer: Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
See more info at: http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm

Donald J. Leske II
Designated Senior Broker
Emily Leske / Lic. Agent
BCI PROPERTIES, LLC
Mail: P.O. Box 44065,
Tacoma WA 98448

Office Location:
10909 Portland Ave.
Tacoma WA 98445
Office: (253) 531-1010
Cell: (253) 241-6695
Accounting: (253) 324-9699
Fax: (253) 531-5358

We adhere to the Fair Housing Act
HUD LAW

Parent website: www.HomesandProperties.com
[Contact Form]

Ben Leske / Loan Officer - Call: (253) 202-3355

Real Estate Investment disclosure: Any homes or real property bought by, for or to benefit the partners of BCI Properties, LLC are done so for a profit only. Sellers are advised to seek counsel or advice of a Real Estate Attorney anytime a contract or agreement is made to buy or sell real property of any kind. Some of the things we look for include properties or homes that about to go into foreclosure to help the home owner avoid a Bank Repossession. These are also known as bank repos and may end up as REO properties. We specialize in Real Estate Investments and distressed properties. Areas we work in include Pierce, King and Thurston Counties of Washington State. Any Condition. Any Price. Anywhere. We Buy Foreclosures and Real Estate of all types. Our finances include but are not limited to cash, finance & investment resources. We work with 1st time investors and savvy professional real estate investors to find great deals. Our goal is a 3% fee or commission overall for listing a property for sale but this is negotiable, also there is a 2-3% fee for the selling agency. Total negotiable fees can be from 5-10% on average depending on settlement. We are Washington State Licensed Real Estate Agents working for BCI Properties, LLC, a Licensed Real Estate Broker in Tacoma, WA.