We Buy Houses Fast. Here’s How…
By You Not Having to Clean-Up or Clean Out Your House
By Eliminating Weekly House Showings That Could Occur for 5 – 6 Months
By Eliminating the Need to Frequently Meet with Agents or Inspectors
By You Not Paying Closing Costs, Agent Fees or Commissions
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…
We start by reviewing your objective and your timeline for selling the house.
Get Your Offer
We visit the property and present you with a fair cash offer, with no obligation and no fees.
Finally, you get the cash you need now. You do NOT have to wait months to get your house sold.
Now That You’ve Seen The Process, Let’s See What We Can Offer For Your House…
Get Your Free Offer TODAY...
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, Selling Costs and Minimum Profit.
1. After Repair Value (ARV)
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.
2. Cost of Repairs
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 update the property to current design, safety and building code standards.
3. Selling Costs
Next, we have our Selling Costs. These are the costs it takes to sell the property to an end buyer. Typically, our selling costs include agent fees, attorney fees, appraisal fees, closing costs, taxes, insurance, staging 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.
4. Minimum Profit
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.
Based on these four factors, we generate our offer, which is determined by our cash offer formula:
Let’s Review Some Numbers So You Can See How It Works
Public data shows 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 and 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 = $50,000
Now that we know the numbers, we can utilize our all cash formula to determine Your Cash Offer.
Your Cash Offer = $250,000 [ARV] – $50,000 [Cost of Repairs] – $25,000 [Selling Cost =10% of ARV] – $20,000 [Minimum Profit]
<<< 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.
Now That You Have Our All Cash Offer, What If You Don’t Like It?
Other house buyers would walk away from the purchase, but not us. If we are not close, we will provide alternative ways to purchase the house at your number or close to it.
Four Reasons Why a Cash Offer May Not Work For You…
- You do not have enough equity in your house
- You do not want to receive your cash all at one time, for tax purposes
- You want to receive a monthly stream of income instead
- You want your sells price to be Higher than our Cash Offer
If Our All Cash Offer Doesn’t Work, We Can Still Purchase Your House. Ask About Our Cash Flow Offer For More Details…
As you can see, we are not just some regular house buyers. We buy houses in many ways in order to create value for our home sellers. 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.