Properties

We make it easy for our investors

We offer a complete service to make the investment easy, our investors have control and access via telematics at all times to the management of their properties.

Detroit offers a transparent and agile purchase process.

The steps in the purchase process are:

1. Property reservation:

When an investor decides to buy, a reservation of the chosen property is made, which will be put on hold for the purchase contract to be sent.

2. Purchase agreement:

Clearly specifies the basic terms and conditions of the purchase. It shows the property that is sold, the time it will take the purchase process and details the necessary inspections.

3. Ernest Money Deposit  (EMD):

A withholding deposit of about $1,000 – $2,000 is sent by the buyer to keep the property reserved while all checks are prepared. The deposit is refundable if the investor changes their purchase decision. The withholding deposit is held in Escrow by the title company.

4. Property Registration Title:

When the contract and deposit have been received by the securities company, the necessary controls are initiated to provide a clean and charge-free title to the investor.

5. Lease copies and inspections:

While the notary work is being carried out we provide copies of the leases. In this time period you can organize or carry out an independent property inspection and send a report to the buyer.

6. Simple note and closing documents:

Once the checks are completed the rest of the funds will be sent discounting the initial deposit. Within one week of purchase, a Deed will be issued and emailed to the buyer.

Open chat
1
Need Help?
Hello,
How Can I help you?