How Do I Sell My House For Cash?
How much cash we offer for your house is obviously a big question you’d like answered. Here on this page, we will explain the entire process, how we buy houses in cash, first through a quick overview, then followed by a more detailed actual breakdown of an offer we have recently made a homeowner just like you.
We Make The House Selling Process Easy & Seamless
By eliminating banks, and all other financial institutions, with strenuous regulations, approvals, and inspections, we can drastically simplify and speed up the house-buying process.
How Do I Sell My House Fast In CA?
Our Home-Buying Process Is Simple As You Can See Below.
Tell me a little bit more about your home by filing in the form below.
We will meet you at your home to view your home and go over any questions we might have. Within 24 hours you’ll receive a obligation all cash offer.
During the appointment, we figure out how much it would cost us to fix it all up. We now know how much money we would sell it for, and how much it cost us to sell it. Basically, (there is a bit more involved) based on these numbers we present you an offer that is fair.
If you like our offer, YOU choose the closing day. We’ll start the title/escrow process. No other fees, hassle free, we got you covered!
There are no secrets, it’s those three basic steps!
We understand that questions come up and you might be wondering, “but Ash, how are you actually coming up with your offer?”
Like we mentioned before, there are NO SECRETS!
GET YOUT CASH OFFER TODAY!
FULL DISCLOSURE ON HOW WE CALCULATE YOUR OFFER…….
Here is our formula of exactly how we calculate your offer
ARV(After Repair Value)- Selling Cost- Renovations- Our Profit= Our Offer
1) We Determine The After Repairs-Market Value Of Your House.
The After-Repairs Value: (or “ARV”) simply means what your house would be worth if it were completely renovated based on current market standards, just like your favorite HGTV show. Your offer is based on this value.
2) We Calculate The Cost of Repairs
The Cost Of Repairs: is how much it would cost the US to renovate the house and make it look spectacular, ready for the market. We obviously strive to increase the value of the house so we can get as much as possible for it. This means a higher offer for you and an acceptable profit for us.
3) We Determine Our Selling Costs
The Selling Cost: includes all the costs associated with selling a property. Although we buy houses from homeowners without involving agents, we, on the other hand, to give you a higher offer, do need to be able to sell the house for top value after we fix it up (this was the whole point of fixing up the property). That means we list it with an agent, which means we have closing costs, agent commissions, and taxes to pay.
4) We Take Out Our Profits
Our Profits: are reasonable. This is a business and without a profit, we wouldn’t be able to stay in business, buy houses, pay our contractors, and plumbers, etc. Rest assured our profits are fair, and this business prioritizes the highest possible offers (otherwise no one would accept our offers in the first place and we’d be out of business!)
Simply put, it all boils down to this simple concept:
Your offer will be the market value of your house completely fixed up, minus all the costs associated with us bringing the house to its completely fixed-up condition, minus our profits (of course).
The Win-Win Principle Of Cash Offers
The below is a hypothetical example for brevity sake.
Picture a scenario where you own a house in an advanced state of deterioration, making it nearly impossible to sell for a substantial amount. To make matters more challenging, the condition of the property is so dire that banks would likely decline loan applications for it.
Now, consider a situation where the house, in its present state, has an appraised value of $500,000 (“as-is” value). However, if you were to invest $100,000 in renovations, you could potentially sell it for $800,000. Remarkably, we are still talking about the same house.
Sadly you either don’t have the funds or the will, time, or energy to deal with contractors, repairs, and all the stress that comes with it.
Cash buyers like us have the flexibility to present you with an offer of $530,000 for your property, which exceeds its current appraised value by $30,000. This setup benefits us because, despite your house’s current value of $500,000, our investment of $530,000, plus $100,000 in renovations, would increase the property’s worth to $170,000. Therefore, our total spending would be $140,000, resulting in a profit of $30,000 (excluding other expenses and taxes, for simplicity).
You get more than what your house is currently worth, we make our minimum profit, and everyone walks away happy.
The fine print here is that this situation doesn’t always occur, but that is why you fill in the form, so we can see what options are available to you so you can still walk away with a win (as well as us).
Get Your Offer started Today
More About Us
Please visit our About Us page to learn more about what we are all about. I think we are quite interesting, but you’ll be the judge 🙂