Faithful Home Buying, LLC
Important Disclosures
About Faithful Home Buying
Faithful Home Buying, LLC is a real estate investment company based in Harrisonburg, Virginia.
We evaluate real estate opportunities for potential acquisition, investment, renovation, resale, rental, partnership, assignment, and other lawful real estate investment purposes.
The information provided on this website is for general informational purposes only. Nothing on this website should be considered legal, tax, accounting, lending, investment, bankruptcy, foreclosure-prevention, or financial advice.
Every property, seller, transaction, and situation is different. Property owners should consult appropriate licensed or qualified professionals regarding questions that require legal, tax, financial, lending, accounting, or other professional advice.
Our Role in a Real Estate Transaction
Faithful Home Buying, LLC evaluates properties for potential purchase and other real estate investment opportunities.
Depending on the specific property and transaction, Faithful Home Buying may:
• purchase and take title to a property directly
• purchase through an affiliated or related entity
• acquire a property with a partner or investors
• use outside financing to complete a purchase
• enter into a joint venture or other business arrangement related to an acquisition
• assign its contractual interest in a purchase agreement to a preferred investor or other qualified purchaser when permitted by the purchase agreement and applicable law
When Faithful Home Buying enters into a purchase agreement for investment purposes, it is acting for its own business and investment interests and not as the property owner's representative unless a separate written brokerage relationship has been established.
The company does not represent that every property submitted will be purchased directly by Faithful Home Buying, LLC or that every transaction will use the same ownership, financing, partnership, or closing structure.
No property owner is obligated to accept an offer or enter into a purchase agreement with Faithful Home Buying.
Property Review and In-Person Visits
Faithful Home Buying evaluates every property and situation individually. In most cases, we will ask to see the property in person before a final offer can be provided. Seeing the property allows us to better understand its condition, repair needs, layout, location, occupancy status, and other factors that may affect our evaluation.
An in-person visit does not obligate the property owner to sell the property, and it does not obligate Faithful Home Buying to make an offer.
In certain situations, we may be able to begin evaluating a property using photographs, videos, inspection reports, repair estimates, public records, conversations with the owner, or other available information. Depending on the circumstances, we may provide a preliminary indication of interest or discuss possible terms before visiting the property.
However, unless otherwise agreed in writing, preliminary conversations, estimates, opinions, or indications of interest should not be considered a final offer or guarantee of purchase.
Faithful Home Buying reserves the right to request access to a property and to conduct appropriate due diligence before entering into a purchase agreement or before completing a transaction.
Areas Where We Consider Properties
Faithful Home Buying is based in Harrisonburg, Virginia, and our primary focus is Harrisonburg, Rockingham County, and communities throughout the Shenandoah Valley.
We may evaluate opportunities in areas including:
• Harrisonburg
• Rockingham County
• McGaheysville
• Massanutten
• Grottoes
• Elkton
• Broadway
• Timberville
• Bridgewater
• Dayton
• Port Republic
• Staunton
• Waynesboro
• Augusta County
• other communities throughout the Shenandoah Valley and surrounding areas
Our primary local market does not necessarily limit where we may invest.
On a case-by-case basis, Faithful Home Buying may also consider real estate opportunities in other areas of Virginia, other states within the United States, and other countries.
Whether we consider an opportunity outside our primary market depends on factors that may include the property, location, transaction structure, local market conditions, our knowledge of the area, available partners, investment strategy, financing, legal and regulatory considerations, and access to appropriate local professionals.
An inquiry about a property outside our primary service area does not guarantee that Faithful Home Buying will make an offer or participate in the transaction.
When evaluating opportunities outside Virginia or outside the United States, Faithful Home Buying may work with local real estate professionals, attorneys, lenders, investors, partners, consultants, contractors, or other appropriate professionals.
How We Purchase and Fund Properties
Faithful Home Buying evaluates each property and transaction individually.
Real estate acquisitions can be structured and funded in different ways depending on the property, purchase price, condition, intended use, timing, available capital, and overall investment strategy.
Faithful Home Buying may purchase or finance real estate using one or a combination of methods, including:
• cash or available company funds
• personal or business credit
• lines of credit
• home equity lines of credit, commonly known as HELOCs
• short-term or transitional lending
• hard money lenders or other asset-based lenders
• conventional or other institutional financing
• business partners
• joint-venture partners
• private investors
• other investment relationships
• other lawful sources of capital or combinations of funding sources
The source and structure of funds may vary from one transaction to another.
A statement that Faithful Home Buying is a real estate investment company or direct property buyer does not mean that every acquisition is completed entirely with cash held in a single company bank account.
As with many real estate investors and businesses, different transactions may use different combinations of available capital, credit, financing, partnerships, lenders, investors, and other resources.
The specific financing or acquisition structure used for one property may be different from the structure used for another property.
Partners and Investors
Faithful Home Buying may work with partners and investors in connection with certain real estate opportunities.
Depending on the specific transaction, a partner or investor may provide capital, participate in a joint venture, participate in an acquiring entity, contribute other resources or expertise, or otherwise participate in a real estate opportunity through an appropriate business arrangement.
Faithful Home Buying does not represent that every acquisition involves outside partners or investors.
The structure, responsibilities, risks, ownership interests, compensation, and other terms of any specific partnership or investment relationship are determined separately for that particular arrangement and should be documented appropriately.
Nothing on this website should be interpreted as a promise or guarantee of investment returns, appreciation, income, profit, cash flow, or preservation of capital.
Contract Assignment and Wholesale Transactions
In some transactions, Faithful Home Buying may enter into a purchase agreement and later assign its contractual rights or interests to a preferred investor or other qualified purchaser when permitted by the purchase agreement and applicable law.
This type of transaction is commonly referred to as a contract assignment or wholesaling.
When a contract is assigned, Faithful Home Buying may receive compensation, an assignment fee, or another financial benefit from the transaction.
In an assignment transaction, the assignee or ultimate purchaser may complete the acquisition rather than Faithful Home Buying taking title to the property itself.
Not every transaction is assigned.
Depending on the particular property and transaction, Faithful Home Buying may:
• purchase and take title directly
• purchase through an affiliated or related entity
• acquire the property with one or more partners or investors
• use financing or investment capital to complete the acquisition
• assign its contractual interest to a preferred investor or other qualified purchaser
The specific purchaser, acquiring entity, assignment structure, financing method, funding source, partnership arrangement, and other transaction details may vary from one transaction to another.
The actual written agreements governing a particular transaction control the rights and obligations of the parties.
Derek Chaudhuri's Real Estate License and Brokerage Relationship
Derek Chaudhuri is the founder of Faithful Home Buying, LLC. Derek founded Faithful Home Buying in 2014 as a real estate investment company. He later became a licensed Virginia real estate professional in June 2020 and currently works as a REALTOR® with Kline May Realty in Harrisonburg, Virginia.
Faithful Home Buying, LLC and Kline May Realty are separate businesses.
Faithful Home Buying's property acquisition and investment activities are separate from Derek's real estate brokerage activities conducted through Kline May Realty.
When Derek, Faithful Home Buying, LLC, or another entity in which Derek has an ownership interest is acquiring or attempting to acquire a particular property, Faithful Home Buying and Derek are acting for their own business and investment interests and not as the property owner's real estate representative unless a separate written brokerage relationship has been established.
Appropriate disclosures concerning Derek's status as a licensed real estate professional, his ownership interest, and his role in a specific transaction will be provided when required by applicable law and the circumstances of the transaction.
Information contained on this website is intended to provide general transparency about Derek's professional background and Faithful Home Buying's activities. A general website disclosure is not intended to replace any transaction-specific disclosure, contract provision, or other disclosure required by applicable law, regulation, brokerage policy, or the particular circumstances of a transaction.
Direct Sale Versus a Traditional Market Sale
Selling a property directly to a real estate investor and listing a property for sale on the open market are different approaches.
Neither approach is automatically best for every property owner.
A traditional market sale may provide broader market exposure and may result in a higher purchase price, particularly when:
• the property is in marketable condition
• the owner has sufficient time for the traditional sales process
• the owner is comfortable with property preparation and showings
• maximizing potential market exposure is the owner's primary goal
• the property is likely to appeal to multiple retail buyers
A direct sale may appeal to some property owners because of factors such as:
• property condition
• significant repair needs
• desired timing
• convenience
• privacy
• an inherited property
• a vacant house
• an unwanted rental property
• relocation
• deferred maintenance
• a desire to avoid preparing the property for retail marketing
• other personal or property-specific circumstances
A direct investor offer may be lower than the potential retail market price that could be achieved through broader market exposure.
The tradeoff for some property owners may involve convenience, condition, timing, flexibility, privacy, reduced preparation, or other transaction terms.
Every property owner should evaluate the available alternatives and determine which approach best fits their goals and circumstances.
Property Condition and As-Is Purchases
Faithful Home Buying considers properties in a variety of conditions.
We may consider properties that are:
• outdated
• in need of significant repairs
• affected by deferred maintenance
• vacant
• inherited
• tenant occupied
• unfinished
• damaged by fire or water
• affected by structural concerns
• in need of substantial cleaning or removal of personal property
• otherwise difficult for an owner to prepare for a traditional market sale
Statements on this website regarding purchasing properties "as-is" or in their current condition are general descriptions of the types of transactions Faithful Home Buying may consider.
The specific condition requirements, inspection or access rights, personal property arrangements, repair responsibilities, contingencies, and other terms for a particular transaction are determined by the written agreement between the parties.
The actual written agreement controls the transaction.
No Guarantee of an Offer or Purchase
Faithful Home Buying does not guarantee:
• that every property submitted will receive an offer
• that an offer will be made before an in-person property visit
• a specific offer amount
• that a preliminary estimate will become a final offer
• a specific financing method
• a specific closing date
• that every title or ownership issue can be resolved
• that every transaction will close
• that Faithful Home Buying will personally take title to every property under contract
• that a contract will be assigned to another purchaser
• that a direct sale is the best financial choice for every property owner
Every opportunity is evaluated individually.
The terms of an executed written agreement control the rights and obligations of the parties to a transaction.
Closing Timelines
Faithful Home Buying may be able to accommodate different closing schedules depending on the property and transaction.
However, closing timing can be affected by many factors, including:
• title issues
• liens
• ownership questions
• probate or estate administration
• court requirements
• lender requirements
• financing
• inspections or other due diligence
• contract terms
• closing company requirements
• access to necessary information or documentation
• other transaction-specific circumstances
No specific closing timeline is guaranteed unless established in a written agreement between the applicable parties.
Foreclosure and Financial Distress
Faithful Home Buying is not a law firm, bankruptcy service, foreclosure-rescue service, credit-repair company, mortgage lender, financial advisor, tax advisor, or housing counseling agency.
Faithful Home Buying cannot guarantee that a foreclosure will be stopped, delayed, avoided, or resolved through the sale of a property.
We may evaluate whether purchasing a property or participating in a transaction is a realistic option based on the specific circumstances.
However, property owners facing foreclosure, bankruptcy, tax liens, court proceedings, or other time-sensitive legal or financial matters should promptly seek appropriate professional advice and should not rely solely on information from a potential property purchaser.
A potential real estate sale is not a substitute for independent legal, tax, financial, or housing counseling.
Title, Ownership, Probate, and Other Complications
Faithful Home Buying may consider properties involving title concerns, inherited ownership, estates, liens, multiple owners, or other complications.
However, our willingness to evaluate a property does not mean that every title, ownership, estate, lien, or legal issue can be resolved.
Some situations may require the involvement of:
• attorneys
• title companies
• settlement or closing professionals
• courts
• estate representatives
• lenders
• lienholders
• government agencies
• tax professionals
• other qualified professionals
Faithful Home Buying does not provide legal advice regarding ownership disputes, estates, probate, bankruptcy, foreclosure, title matters, liens, or other legal issues.
No Legal, Tax, Financial, or Investment Advice
Information provided by Faithful Home Buying through this website, telephone conversations, emails, text messages, meetings, property visits, or other communications is not a substitute for advice from an appropriate professional.
Faithful Home Buying does not provide:
• legal advice
• tax advice
• bankruptcy advice
• foreclosure counseling
• investment advice
• financial planning
• accounting advice
• lending advice
• credit-repair services
Property owners, partners, investors, and other parties should obtain independent professional advice when appropriate.
Investment and Securities Disclaimer
Nothing on this website is intended to constitute a public offer to sell securities, a solicitation of an offer to purchase securities, or individualized investment advice.
Faithful Home Buying does not use this website to promise or guarantee investment results to the general public.
Faithful Home Buying may work with partners, investors, lenders, and other capital sources in connection with certain real estate transactions. Any specific investment, lending, joint-venture, partnership, or capital arrangement is considered separately and is subject to the applicable agreements, risks, legal requirements, professional review, and other circumstances of that particular arrangement.
Real estate investment involves risk.
No statement on this website should be interpreted as a promise or guarantee of:
• investment returns
• appreciation
• rental income
• cash flow
• profitability
• successful resale
• preservation of principal or capital
• a particular investment timeline
• any other financial result
Past transactions, projects, or results do not guarantee future results.
Testimonials, Reviews, and Property Examples
Testimonials, reviews, property examples, project descriptions, case studies, photographs, or past experiences appearing on this website reflect individual circumstances.
They do not guarantee that another property owner, transaction, project, partner, investor, or property will have the same experience, timeline, terms, financial result, or outcome.
Every property and transaction is different.
Website Information and Accuracy
Faithful Home Buying attempts to provide useful and accurate information.
However, real estate markets, laws, regulations, programs, financing options, business practices, service areas, acquisition criteria, and other information may change over time.
Information on this website may not apply to every property or situation and should not be relied upon as a substitute for the advice of an appropriate professional.
Faithful Home Buying may update, modify, or remove website content at any time.
External Links
This website may contain links to third-party websites, organizations, businesses, or resources.
Faithful Home Buying does not control third-party websites and is not responsible for their content, availability, accuracy, privacy practices, services, products, or representations.
The presence of a link does not necessarily constitute an endorsement of the third party or all information provided by that third party.
No Relationship Created by Website Use or Inquiry
Visiting this website, submitting information, requesting information, calling Faithful Home Buying, sending an email or text message, allowing a property visit, or discussing a potential transaction does not by itself create:
• a purchase agreement
• a brokerage relationship
• an agency relationship
• an attorney-client relationship
• a partnership
• a joint venture
• a lender-borrower relationship
• an investment relationship
• a fiduciary relationship
• any other contractual or professional relationship
Any binding relationship or obligation must be established through the appropriate written agreement.
Questions or Property Submissions
Questions about Faithful Home Buying or a property you would like us to evaluate may be directed to:
**Faithful Home Buying, LLC**
Harrisonburg, Virginia
FaithfulHomeBuying.com
Derek@FaithfulHomeBuying.com