Getting Cash For Your Home Is Easier Than You Think!

We Buy Houses With No Agents – No Repairs – No Fees

Learn Our 3 Easy Steps To Sell Your House Fast

You likely have some questions about how it works when we buy houses in cash!

Here are the most common ones we get:

How does our 3 step process work?

What do we consider to formulate your cash offer?

How do we calculate your cash offer?

What are all the little details when we buy houses?

How long does it take?

Where do we buy houses?

Let’s get right to it and answer all your “how it works” questions!

How We Calculate Your Cash Offer

“So how much am I going to get for my house?” This is usually what everyone is most eager to know. For good reason, you want to get a fair price! So let’s break down how it works when we calculate how much we can pay for your house.

First…

things first: we use a simple formula. There are 4 different parts of the formula and we’ll cover what each parts means and how we calculate them, but lets first take a look at the overall formula

The formula we use to make your offer: [ARV] – [Repairs] – [Trans. Costs] – [Min. Profit] = $$ YOUR OFFER $$

What does this mean??

Let’s break down each of the 4 different figures one by one, starting from the beginning…

The After Repair Value (“ARV”), is the price we think we can sell the house for after it’s all fixed up. To find this number, we look at recent sales for similar homes in your neighborhood. Sites like Redfin and Zillow are great resources to look for comparable sales.

Next is the cost of rehabbing the property (“Repairs”). This is what we estimate it would cost for us to fix it up. We like to do quick, in-and-out rehabs that keep our costs low instead of elaborate jobs – which is how we can pay more than the competition.

After that, we take into consideration the transaction costs (“Trans. Cost”). If we’re going to resell the house, we need to make sure we give ourselves room for the commissions, closing costs, and holding fees to come- which is usually about 10% of the ARV.

Lastly, we determine our minimum profit (“Min. Profit”). Real estate is how we support and provide for our family and if we aren’t profitable, we wouldn’t get to stay in business so this is something we must factor in. Our minimum profit is dependent on the purchase price of the home. The higher we pay for a home, the more profit we need to make to offset the risks.

Let’s put this all together…

So we start with what we can potentially resell the house for (“ARV”), then deduct all of the repair costs, deduct the transaction costs and minus out our profit… what is left is our maximum allowable offer – what we offer you for your house!

Where Do We Buy Homes?

The two main markets where we buy houses are Pennsylvania and New Jersey state. We buy houses that we can either fix up and “flip” or properties that we plan to keep and turn into rental houses, whatever makes the most sense based on the numbers and the market.

Fort Myers

Philadelphia

But if you have a house you need to sell your house in another state besides Pennsylvania or New Jersey, we’d love to still take a look and give you a fair offer. We have boots on the ground in several other markets and buy houses nationwide. Some other popular markets for us would be Florida and Delaware state. Give us a call to see if we are in your area!