Important Disclosures
Please read these important disclosures carefully
1. Business Model Disclosure
ELV Home Buyers operates as a real estate investor and wholesaler. We purchase residential properties directly from homeowners for cash and may assign our purchase rights to other investors or end buyers. This business model allows us to purchase properties quickly and in any condition.
2. Assignment of Contract
When you sell your property to ELV Home Buyers, you understand and agree that we may assign our purchase rights to another party. This means the person or entity at closing may be different from the person you initially negotiated with. Any assignment does not affect your proceeds or the terms of the transaction.
3. No Real Estate License Required
While our team includes licensed real estate professionals, ELV Home Buyers as an entity is not required to be a licensed real estate broker because we primarily buy properties for our own use or for assignment to cash buyers, not as agents representing others.
4. Investment Property Investor
We are professional real estate investors, not traditional home buyers. We evaluate properties based on investment potential, which means our offers are based on the property's value to us as an investment, not on traditional appraisals or comparable market sales.
5. No Professional Advice
Nothing on our website or in our communications should be construed as professional real estate, legal, tax, or financial advice. We recommend that you consult with a real estate attorney, accountant, or financial advisor before making any decisions regarding the sale of your property.
6. Offer Contingencies
Our cash offers are contingent upon:
- Verification of the information provided by the homeowner
- Satisfactory property inspection
- Title search and review
- Inspection reveals property condition consistent with seller's description
- No undisclosed liens, encumbrances, or legal issues
7. Earnest Money and Deposits
When you accept our offer, we will request earnest money to demonstrate good faith. Earnest money is held in escrow and applied to your proceeds at closing. If you breach the agreement, earnest money may be forfeited according to the terms of the purchase agreement.
8. Inspection Period
Our purchase agreements include a standard inspection period (typically 3-5 days). During this period, we have the right to inspect the property and verify its condition. If major discrepancies are discovered, we may renegotiate the offer or withdraw based on the terms of the agreement.
9. Title and Liens
We buy properties with liens, mortgages, and other encumbrances. Our offer is provided with the understanding that we will handle the payoff of any outstanding obligations at closing from the sale proceeds.
10. No Obligation to Close
While we strive to close on all accepted offers, we reserve the right to terminate the transaction if:
- The property condition is significantly different from the seller's representation
- Title issues prevent a clear transfer of ownership
- The seller has misrepresented material information
- The property is subject to undisclosed liens or legal claims
11. Marketing Representation
When we market our offers as "cash" or "fast," we mean that we have the capital to close quickly without requiring a buyer to obtain mortgage financing. However, closing timelines may be affected by inspections, title work, or other standard real estate procedures.
12. Fair Housing Compliance
ELV Home Buyers complies with all federal fair housing laws and does not discriminate based on race, color, national origin, religion, sex, familial status, disability, or any other protected characteristic.
13. TCPA Compliance
By submitting your contact information through our website or calling us, you consent to receive communications from ELV Home Buyers regarding your property inquiry. You may opt-out of marketing communications at any time by contacting us.
14. State-Specific Disclosures
ELV Home Buyers operates in Pennsylvania, New Jersey, Delaware, Florida, and North Carolina. We comply with all state-specific real estate laws and regulations in each jurisdiction where we operate.
15. Questions About These Disclosures
If you have questions about any of these disclosures, please contact us at:
ELV Home Buyers
Email: [email protected]
Phone: (267) 746-8259