A: When we pay ALL CASH, the houses we purchase are below market value (we do this so we can resell it at a profit to another home owner… it’s how we put food on the table). We are looking to get a fair discount on a property. Hopefully you understand that we need to be compensated for the time & money we invest and the risk we take that the market could drop before we get a chance to turn it around.
In our experience, most sellers understand this and aren’t necessarily expecting a large “windfall” but rather appreciate that we can offer cash, close quickly (no appraisals or loan contingencies), and don’t require them to deal with existing tenants, make repairs or pay agent fees (unless, of course, you ask us to list your property instead of buy it).
We can often make a FULL PRICE OFFER if you will work with us on ‘terms’, meaning you are flexible in giving us a little time to get you all of your equity. Your equity is the ‘as is’ value of your property less the balance of any loan you still have against it, (i.e. if your home is worth $400,000 and you still owe the bank $300,000, then your equity is $100,000).
If you see value in what we have to offer, let’s see if we can come to a fair win-win price. When we meet with you, we will explain several ways that we can work together:
- Fair cash offer. We will close quickly (or on your timeline).
- Owner financing offer. You can get MUCH more for your property if you are willing to let us buy it over time. Yes, you CAN sell all cash and put a big chunk of change in the bank, but you may discover that you’d rather have hassle-free monthly income and make 10 times what the banks will give you on your savings account. You may save on capital gains as well.
- We can have our general contractor fix up your home. We can do the repairs so you can list it on the MLS for the highest offer possible. If you don’t have the money up front for repairs, we can work with you.
- We can list your property. We will list your property on the MLS and get you the best retail offer available in today’s market, if that’s what will serve you best.
We would love to help you get the results that are right for you. Please call now!!
[DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself. Head on over here download your free guide →]