Sell your house fast by working with someone you can trust. We are very transparent on how we come up with our cash offers. This is how we do it.
The After Repair Value or “ARV” simply means what your house would be worth if it was fixed up in tip top shape. Think HGTV. Based on this value, we determine your offer!
This is how much it will cost us to fix and update your house to get that HGTV look and achieve the ARV mentioned above.
Once we renovate the house, we list it on the market to sell. We have to pay agent fees, closing costs, taxes, holding costs etc. These are all the fees you do NOT have to pay, if you sell your house directly to us. Our Selling Costs usually total 10% all together of the selling price.
This IS a business and we do have to make a profit to STAY in business. However, we make our best offer to you for one very important reason. We want you to ACCEPT! If our offers are insultingly low then no one would accept our offers and we wouldn’t make any money!
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
So in plain English, the market value of the house (after we fix it up), minus ALL our costs fixing it up (including our profits), will be your cash offer. It’s that simple!
After Repair Value = $200k
Cost Of Repairs = $50k
Our Selling Cost = 10% x $200k = $20k
Sample Minimum Profit For This Purchase = $30k
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $200k – $50k – $20k – $30k = $100k
Your Cash Offer = $100k
Our Cash Offer for your property is based on the math. Once you give us the information about your house, we will come look at it to determine the cost of repair and make you an offer. We want to make our best cash offer so you’ll accept and sell us your house!
Have a question or want to schedule a showing? Contact us today and we'll get back to you as soon as possible.
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