Here’s Our Simple Step By Step Process For Buying Homes
STEP 3: We will make you a cash offer that day! If our offer works for you, we will send you a simple 2 page seller document to complete and send back.
STEP 4: Choose a closing date that works for you and rest assured knowing that our team is handling all of the details to ensure you have a simple & seamless closing.
STEP 5: Arrive to closing with your ID, sign the closing documents and COLLECT YOUR CASH!
STEP 1: Fill out the form below. Our goal is to call you within 2 hours of submitting the form or if you prefer to speak to us right away, please call us direct at (844) 977-3336.
STEP 2: We will schedule either an in-person or virtual appointment so that we can understand the condition of the house and what work would need to be done. Generally, this process takes about 1 hour.
How Our Offers Are Calculated !
STEP 1: Using comparable sales, we determine what the market value of your house will be AFTER we buy and renovate your house. This is called the After Repair Value or ARV. We use the exact same database that realtors use to determine this value.
We calculate the Repair Cost or RC. As the name suggests, this is simply the cost of repairs and updating needed to sell the house at the after repair value we discussed above.
We calculate Selling Costs (SC). Selling costs in real estate are an industry standard and are typically 9% to 10% of the After Repair Value (ARV). Real estate selling costs include realtor fees and commissions, transfer tax, inspection repairs and escrow and reconveyance fees.
We calculate Return On Investment (ROI). It’s a business after all. Our desired return on investment ranges from 10% to 15% of cash invested, based on the scope of the project and how long the project will take.
We plug these numbers into our formula:
= [After Repair Value (ARV)] – [10% of ARV (selling costs)] – [Repair Cost] – [Return on Investment]
Here’s an example:
As-Is Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . What the house is worth without repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $190K
After Repair Value (ARV) . . . . . . . . . . . . . . . . Let’s use the ARV from our sample above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $300K
Cost of Repairs (COR) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $70K
Our Selling Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10% of $350K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $30K
Our Return On Investment (ROI) . . . . . . . . . . . . . . . . . . 10% to 15% of ARV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40K
[Your Offer] = [ARV] – [COR] – [Our Selling Cost] – [Our Minimum Profit]
Your Offer – $300K – $70K – $30K – $40K = $160K
Your Offer = $160K
Analyzing The Offer
If the house is worth $190K, that means if you listed it with an agent you could sell it for $190K minus the 6% agent fees and closing costs, netting you about $174K.
So Now You Have To Decide…
Sell it for a guaranteed sale of $160K and close in as few as to 10 – 20 days or a “maybe sale” for $174K after waiting weeks to months? Why take the risk or stress for that?
Remember, if you sell to us, there is no need to make any repairs or even clean-out any items that you do not want. There are no showings, inspections, appraisals or mortgage contingencies that could impact the sale of your home or your closing date.
There is absolutely no risk in calling us for your free offer.
There is never any obligation to accept.
Just call us at (844) 977-3336 or fill out the form below to get started.
What Do You Have To Lose? Get Started Now...
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We Buy Houses For Cash.
As-Is. Without Agents. Without Hassles.
If you’re looking to simply sell your house without making repairs or dealing with the uncertainty of the listing process, call to day for a no-obligation offer.