After receiving your details, we'll review the information provided. Should we have any questions or need additional information about your property, we won't hesitate to reach out. We aim to gather all necessary details to prepare an accurate, fair cash offer for your home.
Next, we'll create a customized, competitive, no-obligation cash offer based on the information you've provided, typically within 24 hours. Our team uses comprehensive market data to ensure our offer is as accurate as possible. Remember, this offer comes with no obligations. It's simply an opportunity for you to see how much you could receive by selling your home for cash.
The last step begins when you accept our cash offer. We'll work with you to schedule a closing date and time that fits your schedule. We pride ourselves on flexibility, ensuring the closing is convenient for you. And the best part? The day of closing is also the day you receive your cash!
Step 1
Initiate the process by reaching out to us for a cash offer on your house.
Step 2
Our dedicated team will meticulously review your request and your property's details.
Step 3
Based on your home's unique characteristics, we will create a customized offer to purchase your house.
Step 4
Take the time you need to review our offer and feel free to share your thoughts and concerns with us.
Step 5
Once you feel confident in your decision, inform us of your preferred date and time for closing the transaction.
Step 6
Finalize the sale of your house and receive the full offer amount without any hidden deductions or fees.
Starting with the After Repair Value (ARV)
We first determine what your house would be worth in sellable condition - this is the ARV.
Calculating All The Repair Costs
This step involves estimating the expenses we'll incur to renovate your house to achieve the ARV.
Factoring in Our Selling Costs
After upgrading your house, we'll need to cover several expenses when selling, such as agent fees, closing costs, taxes, and holding costs.
Incorporating Our Profit Margin
As a business, we need to ensure our offers account for a reasonable profit margin. Typically, we aim for about 10%.
Property Value
We examine comparable sales, active listings, and expired listings in your area, considering elements like square footage, lot size, year built, construction materials, and proximity to amenities.
Renovation Costs
We estimate repair costs, paying special attention to big-ticket items like the roof, HVAC system, electrical work, and foundation. General updates are typically estimated on a cost per square foot basis.
Property Options
We're flexible and creative in our approach. We have multiple strategies for each property, which helps us craft an offer that aligns with your goals and our investment model.
Step 1: Finding a Cash Home Buyer
The easiest way to find cash home buyers is through a quick Google search. Key phrases like "we buy houses Birmingham, Alabama", "sell my house fast Birmingham, Alabama", or "cash for my house Birmingham, Alabama" can be effective. Look for top-ranking results under the sponsored ads. Remember, appearing at the top through paid advertisements doesn't necessarily signify reliability or a strong reputation. It's always a good idea to look out for the words 'Ad' or 'Sponsored' preceding a listing.
Step 2: Conducting Your Research
Not all cash home buyers are alike, particularly when it comes to their offer amounts and the methodologies they use to formulate these offers. It's vital to peruse their websites thoroughly, visiting pages such as 'How It Works' or 'How We Buy Houses', 'About Us' or 'Our Company', and checking for genuine reviews from people who have sold their houses to them. Look for professionalism, transparency, a well-maintained website, and clear explanations. A business's website often mirrors their work ethic. If it doesn't seem well-cared-for, the company might not be the best choice.
Step 3: Submitting Your Details
After identifying a reputable house buyer, kick-start your cash offer process by sharing your details. Typically, they'll need a reliable way to contact you, the property address, and some information about the house's current state and any necessary repairs.
Step 4: Scheduling Your Appointment
With the required information at hand, you can set up an appointment to meet the buyer and survey the property together. This is a good opportunity to ask any questions you might have. By the end of the visit, you should receive a no-obligation offer to consider. There shouldn't be any charges associated with these services. Most reputable cash home buyers recognize the importance of this decision and will respect your need to mull it over. It can be beneficial to have a lawyer review the contract.
Step 5: Set Your Closing Date and Receive Your Cash
If you're happy with the offer, the next step is to arrange a closing date. On this day, you'll receive the cash for your house - you've successfully sold your house for cash to a cash buyer! Typically, the buyer will cover all closing costs to make the transaction as smooth and appealing as possible for you, the seller.
