How The Process Works
Tell us about your property – Quick, Easy & Free!
If it meets our buying criteria, we’ll make you a no-obligation offer within hours! We’ll choose a closing date.
We close at a local reputable title company, so everybody is protected and have cash in your hands in ASAP!!!!!
Timeframe: Once we get your info, we’re usually able to make you a fair all-cash same-day offer. From there, we can close fast. Or on n your schedule 🙂
“All cash house buyers are about is low-balling me and making the biggest profit they can.” Although there are many out there who operate like this, it is not the case with other ethical home buyers and us. As a business, we have to make a profit to stay in business and be able to keep offering our services. Still, we will NOT take advantage of your situation. Our offers are made to be fair.
Our Home Buying Process
Let’s say you want to sell your house fast for cash. Someone who lives a few houses down the street has a house that is very like yours. The difference is that they have made some updates to the property recently. Things such as a new roof, new coat of paint, updated the interior, and even improved the landscape. They then end up selling the house for $180K.
This means if we take your property and do renovations to bring it up to date. Then we can sell the property for roughly $180K. Taking these numbers into consideration, we then can make you a calculated, fair offer that works for you and us.
We are in the home buying business, and we have to make our profit for our time, risk, and capital invested. No business can survive without making a profit, all while solving your problem, of course.
We will then do due diligence and compare how much your home may be worth. We also take into consideration the repairs/maintenance work that’s needed.
After, we present you with our offer, and if it works for you, we close, and you get your check! Yes, we advertise that we buy homes in any condition or situation you may be in. But, our offers are based on the real estate market in your area. Which can narrow down to as precise as the neighborhood where you live.
What Goes into Calculating the Offer?
Here are our formulas. Nothing to hide…
Offer=(after repair value) x . 70 (profit margin, contractor overhead, permit costs, risk margin, closing/selling costs, and holding costs) – (cost of repairs)
We take annual rental income – expenses = cash flow. We then take our total cash flow / total investment (purchase price + repairs).