How Do I Sell My House Fast In Atlanta For Cash?
By making sure you do not pay closing costs, agent fees or commissions; by handling any clean-up or clean out of your house that you do not want to take care of; by eliminating the need to meet with agents and/or inspectors; by eliminating weekly house showings that could occur for 5 – 6 months. We make the process easy and simple. Now, let’s take a look at what’s involved when we make a fair cash offer for your house…
How Our Process Works…
Step 1
Contact Us
Complete the form or call us at (404) 919-5373 to get the process started.
Step 2
Review
We will gather additional information and review your timeframe for selling.
Step 3
Property Visit
We will visit the property to see what repairs or updates are needed, and answer any questions.
Step 4
Get Your Offer
Provide you with a fair cash offer. Our offer is based on repairs needed and your house value.
Step 5
Decision
Once you agree on the offer, we sign paper work and send it to the real estate attorney to process.
Step 6
Get Paid
Closing scheduled to occur on your timeframe. You get the cash you need now, not months from now.
Now that you’ve seen the process, let’s see what we can offer for your house…
Get Your Free Offer TODAY...
See, That Was Easy, Right?
It’s in our best interest to provide you with a fair offer and not a low ball offer. Because we want our offer to get accepted and we know it won’t get accepted if it is a low ball offer. Our goal is to buy your house and provide you with as much money as possible.
Now, you may be wondering how do we come up with our cash offer?
Well, that’s a good question.
Our cash offer is based on four factors; your house After Repair Value (ARV), Cost of Repairs, Our Selling Costs and Our Minimum Profit.
Now the After Repair Value (ARV) is what your house is worth after it is completely fixed up. This value is based on recent home sells in your direct area of similar houses that consist of similar upgrades and features. You see, we do not base our cash offer off of what you think or we think the property is worth, but off of actual completed house sales in your direct area.
As for the Cost of Repairs, it’s based on repairs or upgrades that were identified during our house visit, which was then reviewed with our contractors to determine what’s needed. These costs include material costs, labor costs, permit costs, inspection costs and any other costs needed to bring the property up to the standards identified by our disposition team.
Next, we have Our Selling Costs. These are the costs it takes to hold the property until the sale is complete, along with costs to sell the property. Typically, our selling costs include agent fees, closing costs, taxes, insurance, holding costs and any other costs needed to get the house sold. Remember, these are all costs that you do not have to pay, when we buy your house. These costs average 10% of the house After Repair Value.
And finally, we have to consider Our Minimum Profit. This amount is based on what we have to pay our team, any third parties and to provide money so we can keep buying houses. This also accounts for risks associated with every house we buy, as some time they do not sell as quick as we would like, which costs us additional money that wasn’t originally planned.
So, based on these four factors, we generate our offer, which is determined by our cash offer formula:
Your Offer = After Repair Value – Cost of Repairs – Our Selling Costs – Our Minimum Profit
ARV – let’s say that recent house sells in your area for similar houses as yours, average out to be $250,000. Now, we know this is the value after all repairs have been made, which is your After Repair Value.
Based upon our site assessment of the house, we identify repairs or upgrades that’s needed, which determines the Cost of Repairs. Let’s say that the below repairs are needed:
- Update kitchen
- Replace roof
- Replace carpet
- Paint inside of house
- Paint outside of house
- Update bathrooms
- Update electrical fixtures
- Estimated Cost of Repairs = $40,000
Now that we know the numbers, we can utilize our all cash formula to determine Your Cash Offer.
Your Cash Offer = $250,000 – $40,000 – $25,000 – $30,000
<<< Your Cash Offer = $155,000 >>>
Based on our formula above, the Cash Offer for this property would be $155,000. We know that every situation and house is different, and that we may be able to offer you more or less based on the uniqueness of your house and other factors. So the final number that we agree upon could be higher or lower than the recommended Cash Offer identified here.
It’s important that you know we will provide you our highest Cash Offer, and do everything we can to make it a win-win for all parties involved. At the end of the day, we want you to be a happy customer that’s glad you chose “We Buy Houses Fast In Atlanta” to buy your house.