Questions
Questions
Plain answers about selling an Oregon home with part of the price paid over time: safety, taxes, tenants, timing, and what Draupnir is and isn't.
About us
Are you real estate agents?
- No. We're not licensed real estate agents, and we don't represent you. We're a buyer, buying for our own company. If you'd like your own agent involved, that's welcome.
Are you wholesalers or flippers?
- No. We don't sign contracts to resell them to someone else, and we don't buy to resell. We buy homes to keep and care for over the long term.
How do I know this will be handled properly?
- Judge us on the paperwork. Everything we propose comes in writing before anything is signed. Every purchase goes through an Oregon real estate attorney on our side and a licensed Oregon title and escrow company.
Do you make loans or offer financing?
- No. Draupnir is not a lender and does not make, arrange, or broker loans. In some purchases, you may agree to receive part of the purchase price over time under a note Draupnir signs as the buyer. Your attorney should review that structure before you agree to it.
Flexible sales
What does "being paid over time" actually mean?
- Instead of receiving the whole price at closing, you receive part of it at closing and the rest in regular payments under a promissory note Draupnir signs to you. The remaining amount is intended to be secured by a recorded deed of trust.
Is that safe for me?
- It can be, when it's set up carefully. Your protection comes from the documents: a well-drafted note, title insurance, and clear terms. If payments stop, the documents and applicable law may provide remedies. Your attorney can explain what those remedies are and how they work. There's still risk in any arrangement.
What if I still have a mortgage?
- That's common. In one approach, a new bank loan pays off your existing mortgage at closing, and part of your remaining equity is paid to you over time through a note Draupnir signs that sits behind the bank's loan. Any existing mortgage and any new lender requirements must be reviewed before closing.
Will this lower my taxes?
- We can't give tax advice. Some sellers find that receiving payments over time changes when tax is due. Whether that applies to you, and how, is a question for your CPA or tax professional, ideally before you agree to anything.
Do I have to decide on a structure before we talk?
- Not at all. Most conversations start with what you want: steady income, a clean exit from being a landlord, a fair price, a gentle timeline. The structure follows from that.
The property
What kinds of properties are you looking for?
- Houses with three or more bedrooms and small buildings of two to four units in Washington and Clackamas counties and nearby communities. Homes that need cosmetic care are welcome.
Can you buy with tenants in place?
- Yes, happily. Existing leases and Oregon's landlord-tenant law are respected, and we use professional property management.
How do you decide what to offer?
- We look at the home, its condition, the rents if it's a rental, and what you're hoping for. Then we put a written outline in front of you. We don't make offers sight unseen, and we don't quote numbers before we understand the property.
How long does it take?
- As long as it needs to. We don't work to deadlines with sellers. Once we agree, the documents, title and escrow work take time, often weeks, and your advisors set the pace of their review.
Do you charge me anything?
- We never charge a fee to talk with you or to send you a written outline. Closing costs, and who pays which ones, are spelled out in writing before you agree to anything.
Contact and privacy
Will you call or text me out of the blue?
- No. We don't cold-call or text. We'll only call or text you if you ask us to, and if you'd like us to stop, just say so.
I got a letter from you. How did you get my address?
- Owner mailing addresses are public in county property records. If you'd rather we not write again, tell us in any way you like, or use the form at /letter, and we'll take you off our list.
I'm behind on my mortgage. Can you help?
- We're not able to help with foreclosure or with your lender, and we don't offer foreclosure services. A HUD-approved housing counselor can help at no cost. You can find one through the Consumer Financial Protection Bureau at consumerfinance.gov/find-a-housing-counselor.
What happens to the information I send you?
- It's used only to reply to you about your property. We don't sell it or share it for marketing. See the privacy policy.
See whether a flexible sale fits
No offer required. No obligation. Just a short conversation about the property and what matters to you.