Is Your “Fair Cash Offer” Really Fair?
Or Am I Just Going To Get A Low-Ball Offer?
You maybe like most people and really wonder if that cash offer you just received from a Cash Home Buyer is really “fair”. When you contact a “Cash For Houses” Company, they all claim to have the ability to give you a fair cash offer. And yes it will be a cash offer. But you want to know, “why is it so low?”
So let’s dive in and get to the bottom of this so-called “fair cash offer”. But first, if you don’t know how a “We Buy Houses” Company or a Cash Home Buyer works.
I Just Want To Know About The Fair Cash Offer!
Of course you do. And you’re not the only one. So here’s how we at Envy Property Solutions, LLC get to our fair cash offer.
Like every company, they need to make money. And Envy Property Solutions, LLC is no exception. So if we were to give you full market value for your house or property? It would be your lucky day, and you would take that offer without any questions and already have your things loaded into a truck to move. However, that would not work out too well for us. We wouldn’t make any money at all. Just like the stock market, you don’t buy high and then sell high or at least try to sell a little higher. If you did that, you might make a few dollars, but what if as soon as you buy the value goes down? Well, you don’t make anything and you lose money. That would be the same thing if we were to buy your property at market value. As you know, the market fluctuates all the time, as of lately, we have seen it going up, but those cycles end.
We find the value of all the homes that are selling in your neighborhood. Then once we have seen the property in its “as-is” state, we determine the number of repairs it needs. For example, if your house needs approximately $10,000 in repairs or renovation that is factored into the cash offer. Also, keep in mind, just because you put work into your house doesn’t mean it will increase the value. We also factor in these other costs that most people don’t think about.
- Closing Costs – Not only do we pay yours, but we also pay them again when we sell the property.
- Realtor Fees – They can be as high as 8% of the sales price.
- Property Taxes – If you owe them, yep, we pay them, and then pay them while we own the property.
- Other Holding Costs, such as Electricity, Water, Sewer, and the other Utilities.
As you can see, all those costs can add up quickly.
Okay, But How Do I Know It Is A Fair Cash Offer?
You can find out for yourself if you really are getting a fair offer and here’s how.
- Check Comparable Properties That Are Nearby
- Truly Think About The Costs To Repair Your Home
- Factor In All The Utilities You Pay – Trash, Water, Property Taxes, etc.
Also, you will want to check on the cash home buyer or buyers that you are going to use. Make sure to check the following to make sure you are working with a legitimate home buyer.
- They Have Testimonials From Real People
- If They Have a Website Check it Out. Do They Have Lots Of Helpful Info? Or No?
- BBB Accredited or a Local Chamber of Commerce Member
And of course, make sure to get the opinions of more than one. Even if you don’t have that kind of time, it is best to get the opinion of another home buying company. Plus, getting more than one offer may let you know if you are getting a good deal or not. You can eliminate a lot of doubt by getting two or three offers.
Are You Ready To Sell Your House?
If you want to sell your house but can’t wait for it to be on the market, then a cash home buyer is for you. You will get a fair price from a Home Buying Company for your house, no problem. Can’t afford the repair costs? Thinking about auctioning your house? Foreclosure pending? The best and most fair offer you’ll get will come from a cash home buying company hands down. Now all you have to do is just pick one of those companies. Hint, hint.
We are ready to help you today! Fill out the form below to get started on your 100% Fair Cash Offer. We’ll make you a No-Obligation Cash Offer in an hour or less. So it won’t feel like you have to auction off your home.
Or give us a call at: (775) 391-5236
Learn The Pros and Cons Of Selling Your House To Local
Professional Home Buyer– FREE Guide:
Download our FREE Guide here. Or, you can always feel free to contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners sell unwanted properties for cash.
Get the FREE Guide and then give us a call at (775) 391-5236 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.