What information will you need from me?
Being as we are here to help people, we like to get to know your situation. Once you give us a call, we’ll ask a couple questions about your situation, and the condition of the property. We like to know how we can best HELP you, and we can only do that when we know what you need. The basic info we need is the shape the home is in so we can determine repair costs, how soon you want to sell, and how we can be of assistance through the process.
How fast can I get my cash offer?
Boy are we glad you asked that. We don’t like to wait around for these things either. Often times we are able to give people a ballpark on our initial phone call and as soon as we can get out to the house to survey the repairs needed we can give you a firm offer in writing. Depending on our schedule this often happens same day.
Are there going to be home inspections?
Definitely not in the way a traditional home sale goes. A traditional home sale will have a certified inspector go through the property and look at EVERYTHING. These are extremely valuable for home buyers – but not for investors. It typically takes us between 20-25 minutes to do a quick walkthrough of the house to prepare our offer.If we need to get a measurement or quote after an accepted offer we always run that by you – but it’s not super common. We are extremely good at estimating repair costs.
Are you just going to lowball me?
No way Jose (don’t tell our painter we used his name). We will not lowball you for 2 reasons. 1. It goes against our core values that we’re here to serve and help you. 2. Ever heard the quote if you don’t run your business like a business you’ll go out of business? We might be able to flip 2-3 homes a year if we duped some homeowners and lowballed the. We buy roughly 50 homes a year, we are a volume business. It’s in our best interest, and yours, if we give you a FAIR offer that we all win with. Then we rinse and repeat and help the next home owner. We aren’t going to pull the wool over your eyes and say we can pay full market value for your home. Nobody can do that and be able to make a profit unfortunately. But we are a lean, efficient and well established business that has a proven method, enabling us to offer higher offers than almost any other similar company.
How do you determine your offer? (What NO ONE else tells you!)
Are you ready for the secret sauce? The formula everybody always asks us about because they can’t figure out why our offers are consistently higher than our competitors? After Repair Value (ARV) – this is where it all comes from. With almost everything we do as a company we start with the end in mind. Very similar to when we talk with you about your needs, we find out where you WANT to be, your end goal. Follow with me for this quick logic trail. We are going to purchase your home for cash, close super quickly and then pour into there with our team of professionals to fix the house up so when we do list it, it sells really quickly (in a perfect world). People like nice, new updated homes – shiny stainless steel and never walked on carpets. So with the end in mind we now have a really good idea of what this home is going to look like. We then contact our realtor and have him pull comparable sales through the multiple listing service (MLS) and say: “Hey Billy, we have a 4 bedroom, 3 bathroom, 2800 sq foot home on 1/4 of an acre that will have a new kitchen, new bathrooms, all new paint and flooring, stainless steel appliances, and modern light fixtures as well as some landscaping upgrades and a new garage door with a freshly painted house.”Billy does his magic and gives me the most accurate listings for homes that recently sold very close by (typically within .5 miles) that match ours as closely as possible.
Now we have a selling price (After Repair Value)!
From there it’s a really simple equation of backing out numbers to determine out fair cash offer. After years of flipping homes, knowing what to expect and how to make sure we all come out ahead this is the formula we have found works for us – allowing us to give you the highest possible cash offer.