What To Expect

The first step is to determine your asking price and if you are willing to sell at a discount. Then, we can help you find solutions that will resolve your immediate problem and give you the most cash.

Some of the solutions we use to get you cash may include:

• Direct cash purchase:  Simple, we purchase the home.
• Wholesaling:  An investor secures a contract to buy a property at a discounted price from the seller and then assigns or sells that contract to another interested investor for an assignment fee.  Wholesaling can be an attractive strategy for real estate investors who want to generate income without taking on the financial risks associated with buying and owning properties.   
• Subject-to financing:  Refers to a real estate transaction in which a buyer acquires a property while taking over the existing mortgage loan that is already in place. In this arrangement, the buyer assumes responsibility for making mortgage payments, but the loan remains in the seller's name.  Subject-to transactions can be a creative financing strategy, allowing buyers to acquire properties without obtaining new financing - especially when current interest rates are much higher than the existing loan!
• Seller financing:  Also known as owner financing or seller carryback, is a real estate transaction where the seller of a property acts as the lender and provides financing to the buyer.  In other words, instead of the buyer obtaining a traditional mortgage loan from a bank or a financial institution, the seller extends credit directly to the buyer, with clearly defined terms.

Closing costs can vary depending on the property's price and location. On average, they can range from 2% to 5% of the property's purchase price.  The good news is when you sell your home for cash, the buyer usually pays all closing costs.  

Once you sign a purchase and sale agreement, a typical closing can take four to six weeks.  

When you sell for cash, you can quickly speed things up because a cash home buyer is usually a real estate investor that can provide their own money, eliminating the need for approvals or inspections from banks or other lenders which can take 30 days or longer to close!  A cash buyer will still need to inspect your home, but the purpose is solely to assess potential repair costs to determine an offer price. 

This method of selling a home is perfect if you have a house that needs major repairs or is in such bad shape that a regular buyer is not interested or can’t get bank approval for financing.

Contact us to learn about solutions that can put cash in your pockets, immediately.

We will formulate your offer based on the market value of your house after it is completely fixed up.  This is called the After-Repair-Value (ARV).  The ARV is determined by the average recent sales (typically within the last 3-4 months) of homes in your neighborhood that are similar to yours, but renovated.  We then factor in the cost of repairs/updates and our holding costs, which are expenses we incur while maintaining a property through renovations (think of utilities, HOA fees, insurance, property taxes, general maintenance, legal, and of course a minimal profit since we are a business):

Your Offer = ARV - All our costs

In short, we pay by the numbers and not by taking advantage of how desperate you may or may not be to sell.  We simply add the numbers up and try our best to give you the highest possible offer we can make.  In most cases, this means you will have to consider accepting a below-market price.

Want to know what your numbers look like?  Schedule a call.  You have nothing to lose getting an offer from us.