Frequently Asked Questions
1. How does Summit Equity Enterprises LLC determine the cash offer for my property?
We consider multiple factors, including the property's location, condition, market value, recent sales of similar properties in your area, and any necessary repairs or updates. Our underwriting team carefully evaluates this information to provide you with a fair and competitive cash offer.
2. Do I have to pay any fees or commissions to sell my house?
No, you do not pay any fees or commissions when you sell your property to Summit Equity Enterprises LLC. We handle all closing costs, and our offers are straightforward with no hidden fees.
3. Do you buy properties in any condition?
Yes, we buy properties in any condition. Whether your property needs minor repairs, significant renovations, or is in move-in condition, we’re interested in making a cash offer.
4. How quickly can I sell my property?
Our process is designed to be fast and efficient. Once you accept our offer, we can close the sale in as little as 7–14 days, or on a timeline that works best for you.
5. What happens if I have tenants in the property?
We are experienced in purchasing tenant-occupied properties. Whether your tenants are on a month-to-month lease or a longer-term agreement, we’ll work with you to ensure a smooth transaction. You don’t need to evict tenants before selling.
6. Am I obligated to accept the offer you provide?
No, there’s absolutely no obligation to accept our offer. Our goal is to provide you with a fair cash offer so you can make the best decision for your situation.
Privacy Policy and Legal Disclosure
Effective Date: 02/03/2025
Summit Equity Enterprises LLC ("we," "our," or "us") is committed to protecting your privacy and providing transparency regarding how we collect, use, and protect your information. This Privacy Policy and Legal Disclosure outlines the terms under which we operate and the disclaimers associated with our services. By engaging with us, you agree to the terms outlined below.
1. Information We Collect
When you interact with us, we may collect the following information:
Personal Information: Name, phone number, email address, and property details.
Property Information: Address, condition, and tenant status.
We collect this information directly from you through our website, lead forms, phone calls, or email communication.
2. How We Use Your Information
The information we collect is used to:
Provide you with a preliminary cash offer for your property.
Contact you regarding your property.
Evaluate your property for potential purchase.
Improve our marketing and operational processes.
We do not sell, rent, or share your personal information with third parties except as necessary to:
Collaborate with our underwriting team and investors.
Comply with legal obligations.
3. Preliminary Nature of Offers
Any quotes or offers provided by Summit Equity Enterprises LLC are preliminary and non-binding. These offers are based on the information provided by you and are subject to further review, property inspection, and underwriting approval. We reserve the right to modify or rescind an offer at any time based on additional findings.
4. Disclaimer Regarding Purchase Agreements
Summit Equity Enterprises LLC operates as a real estate investment company and does not act as a real estate broker or agent. Engaging with us does not obligate you to sell your property to us, nor does it guarantee that we will purchase your property. Any purchase agreement will be subject to mutually agreed-upon terms and conditions.
5. Your Responsibilities
By providing information to us, you affirm that:
You are the owner or authorized representative of the property in question.
All information provided is accurate and complete to the best of your knowledge.
6. Protection of Your Information
We take reasonable measures to protect your personal information from unauthorized access, loss, or misuse. However, no data transmission or storage system can be guaranteed as 100% secure.
7. Updates to This Policy
We may update this Privacy Policy and Legal Disclosure from time to time. The most current version will always be available on our website or upon request.
8. Miscellaneous
Data Protection: “We do not share, sell, or lease user data for marketing or promotional purposes.”
SMS Consent: “By providing your phone number, you consent to receive SMS messages related to our services. You may opt out at any time by replying STOP.”
Security Measures: Explain how customer data is protected and stored.
If you have any questions or concerns about this Privacy Policy or our services, please contact us at:
Summit Equity Enterprises LLC
Email: info@summitequityenterprises.com
Phone: (888) 204-4741
Website: www.summitequityenterprises.com
Legal Clause – Retail Buyers Program (Novation Agreement Structure)
The Retail Buyers Program operates under a novation agreement, in which Summit Equity Enterprises LLC enters into a purchase agreement with the seller while securing a qualified end buyer to complete the transaction. Through this agreement, the original contract is legally replaced with a new agreement between the seller and the final buyer, allowing the property to be sold at a higher market price without the need for traditional agent representation. This structure ensures that the seller receives their agreed-upon proceeds at closing while Summit Equity Enterprises LLC manages the marketing, buyer negotiations, and transaction facilitation at no additional cost to the seller.
Legal Disclosure for Mortgage Assistance Program
Summit Equity Enterprises LLC is committed to providing homeowners with transparent and professional real estate solutions. The Mortgage Assistance Program is designed to assist homeowners in transitioning out of their mortgage obligations through legally compliant and ethical real estate strategies.
This disclosure outlines the nature of our services, the responsibilities of all parties involved, and the limitations of our program.
1. Program Overview
The Mortgage Assistance Program provides homeowners with alternative solutions to traditional home sales, including but not limited to:
Assisting homeowners in managing or relieving mortgage obligations.
Facilitating third-party arrangements that may involve the continuation of mortgage payments.
Exploring options for a structured transition to avoid foreclosure, late payments, or financial hardship.
This is not a loan modification program, foreclosure relief service, or legal financial counseling service. We do not provide credit repair or debt relief services.
2. No Legal, Tax, or Financial Advice
Summit Equity Enterprises LLC is not a law firm, financial institution, or licensed real estate brokerage. We do not provide legal, tax, or financial advice. Any decisions made regarding the sale, transfer, or disposition of a property should be reviewed with a qualified attorney, tax professional, or financial advisor.
3. No Guarantee of Mortgage Release
Participation in the Mortgage Assistance Program does not guarantee a complete release from mortgage obligations. Depending on the specific agreement made, homeowners may remain financially responsible for the mortgage under the existing terms with their lender.
Any mortgage payments assumed by a third party will be made in accordance with the terms set forth in a separate agreement.
Homeowners are encouraged to contact their lender to discuss potential implications related to their mortgage loan.
Summit Equity Enterprises LLC is not responsible for lender actions, including but not limited to due-on-sale clauses or foreclosure proceedings initiated by a financial institution.
4. Voluntary Participation & Homeowner Responsibilities
By participating in the Mortgage Assistance Program, the homeowner acknowledges that:
They are voluntarily seeking alternative solutions for their mortgage obligation.
They retain the right to consult with independent legal or financial professionals before making any decisions.
They understand that Summit Equity Enterprises LLC does not assume liability for any past due balances, tax liens, or other encumbrances associated with their property.
5. Compliance with All Applicable Laws
Summit Equity Enterprises LLC operates in compliance with all applicable federal and state real estate laws, including:
The Dodd-Frank Act and applicable SAFE Act regulations for real estate transactions.
Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) where applicable.
Any local state-specific real estate laws governing non-traditional property transactions.
Homeowners should be aware that lender policies may vary, and Summit Equity Enterprises LLC is not responsible for decisions made by mortgage lenders regarding loan servicing, acceleration clauses, or property transfers.
6. No Upfront Fees or Hidden Charges
Summit Equity Enterprises LLC does not charge any upfront fees to homeowners for consultation or participation in the Mortgage Assistance Program. Any financial arrangements, including but not limited to transition assistance, payment agreements, or structured property transfers, will be fully disclosed and documented in a written agreement before execution.
7. Contact & Additional Information
For further clarification regarding this disclosure or the terms of the Mortgage Assistance Program, please contact us!
By engaging in discussions regarding the Mortgage Assistance Program, homeowners acknowledge that they have read and understood this disclosure and are acting of their own free will.
Acknowledgment
By providing your information to Summit Equity Enterprises LLC, you acknowledge that you have read, understood, and agreed to this Privacy Policy and Legal Disclosure.