We Offer Cash For Your GA House Fast. How?
By eliminating the middle person, (agents, banks, inspectors, etc.) and by paying cash we can significantly simplify things. Because we don’t have to depend approvals or the availability of 3rd parties, we can move quickly and get cash in your pocket so you can move on with your life.
What Is A Cash Home Buyer?
A cash home buyer is a person or entity (usually a real estate investor), capable of buying your house in cash without the need for financial support from banks, lenders or other 3rd party financial institutions. Because the purchaser is providing their own money, they are the final decision maker, thus eliminating need for approvals or inspections from 3rd party institutions, drastically speeding up the transaction and reducing costs. Here are 5 easy steps to get your house in GA sold fast!
How To Sell Your House Fast for Cash – in 5 steps!
1. Find A House Cash Buyer
The most common method for finding cash home buyers is by Google searching for: “We Buy Houses [yourCity] [yourState]“, “Sell My House Fast [yourCity] [yourState], or “Cash For My House In [yourCity] [yourState], and choosing from the top ranking results below the ads. (Maybe that is how you found us. 🙂) This is because the ad results often are not as reliable because people simply pay to be at the top of the list. They are not at the top because of reputation or merit. (Tip: Ads can be recognized by the letters “Ad” preceding the Google listing). In addition to looking online, you may see handwritten signs roadside on areas with heavy traffic.
2. Do Your Due Diligence
Not all cash home buyers are the same. The offer amount and methods used to arrive at your offer can differ significantly. For this reason, you should do a little research. Review their website if they have one. Visit their “How It Works” page, their “About Us” and/or “Our Company” Pages and make sure they are credible. What you are looking for is professionalism, transparency, clear explanations, and a clean and polished website. The website is a direct reflection on the buyer and their business. If a business owner doesn’t take pride in their website they likely don’t take pride in their business and may not be the wisest choice to do business with.
3. Share the property details
After you’ve found a house buyer that looks like someone you would want to work with, it is time to start the process for getting your cash offer by submitting your information. You will need to provide a few pieces of information – 1) a reliable way to contact you, 2) the property address and 3) some details on the condition of the house and what repairs it needs, if any.
4. Schedule Your Appointment
Once the information is received, the buyer will contact you to set an appointment where you can meet the buyer in person and walk through the property together. The buyer will want to see the property to assess it. During the appointment you will have the opportunity to ask any questions you may have and by the end of the walkthrough the buyer should have enough information to calculate necessary repair costs (if any). Be aware: There should never be any cost associated for these services and the offer should come with no obligations to accept it.
5. Schedule Your Closing Date and Get Your Cash
After performing analysis, the buyer will submit an offer to you. If the offer presented is satisfactory, you will move forward with setting a date for closing. Usually, it is the cash buyer that pays for all costs associated with closing, making the transaction is as attractive as possible for you. During closing you will get the cash and that’s it.
Easy peasy…You sold your house for cash to a cash buyer successfully!
How we calculate our offers
The first thing you should know is – It’s In Our Best Interest To Give You Our Highest Possible Offer.
Sunlit Properties LLC stays in business by getting offers accepted, and the only way to do that is to give offers you’ll be happy with! We truly do our best to give you the highest possible offer we can give.
Our Offers Are Based On Your Home’s “After Repair Market Value”!
This simply means, we look at what the value of your home would be, completely fixed up. Based on this value we will formulate your offer!
How Exactly?
Well, imagine you have a house that you want to sell…
Now, also imagine your neighbor, has the exact same, identical house as yours, except for a few upgrades he made… say, he added granite counter tops, removed wallpaper, applied a fresh coat of paint, put a new roof on, and put hardwood floors in.
Now imagine he sold his house for $300K.
What Does This Tell Us?
It tells us that if we make the same upgrades to your house, bringing the house to a very similar condition as your neighbor’s house, we should also be able to sell it for $300K.
So, we know what the market value of your house would be if we fixed it up (in this case $300K), and we know the cost of repairs/upgrades from touring the house. Based on this, we can now make an offer that works for us. If this offer also works for you, great! We close and you get your money at closing! As you can see, we make offers based on the market values, nothing else!
The Offer:
Now, let’s show you you exactly how we arrive at our offer. We value honesty and transparency so we have no issues sharing the formula with you.
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
Let’s define some some terms.
After Repair Value (ARV): This is what the market value of your house will be AFTER we buy and renovate the house.
Cost Of Repairs: This is how much it will cost us to fix/update the house AFTER we purchase it from you.
Our Selling Costs: As you know by now, we buy houses without involving agents. This is one of the ways we are able to put more money in your pocket. Selling the house is a different story. We have to use an agent to sell that house again AFTER we have purchased it from you and AFTER we have made the necessary repairs to bring it up to market value. So we have to pay agent fees, closing costs, taxes, holding costs etc. when we go to sell it. Remember, these are all the fees you do NOT have to pay, when selling your house directly to us. This usually amounts to roughly 10% of the final selling price. In other words, Our Selling Cost is 10% of ARV.
Our Minimum Profit: Yes, this IS a business, and we wouldn’t be able to stay in business, if we didn’t make some sort of profit. This is how we feed and clothe our families. However, we keep this to an absolute minimum so we can present you with the highest possible offer. Remember, we want you to accept our offer. Our business model is based upon making many deals with a small profit per deal, as opposed to a few deals with a massive profit per deal. This benefits everyone involved.
So, to spell out this formula in plain English:
The market value of the house (after we fix it up), minus ALL our costs fixing it up and selling it (including our profits), will be the offer. It’s that simple.
Congrats, now you are an expert!
Now, let me share a little secret…
This is how almost all house buying companies calculate their offers. It may vary a little, but you will find that most of the offers you receive if you shop around will be pretty similar. The real difference between the offers is found in the quality and integrity of the people at the company you choose to work with.