Want to sell your house for cash… Here’s what you need to know:
A person or business who can purchase your home without the need for approvals by banks or other financial institutions. Cash Buyers are the one and only decision makers on the buyer side, so there’s no need to jump through hoops or “run things up the chain.” As a seller, this allows you to control the timeline for the sale, eliminate the need for repairs and gives you the freedom to walk away with only what you want to take.
We truly encourage you to educate yourself before deciding what option is best for you. Below you will find additional resources and information on both the Cash Homebuying Process AND how we make our cash offers, with full transparency behind the calculation of our numbers.
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Please read through this information to gain a deeper understanding of the methodology behind our offers so you can make an informed decision.
Steps to Selling Your Property for Cash:
Find a Reputable Cash Buyer.
Google a phrase such as “sell my house for cash in [your city]” and you’ll find an overwhelmingly long list cash homebuyers in your area. Do Your Due Diligence. How each cash buyer calculates their offer number is likely different. Look for transparency, clear explanations, professionalism and real reviews. Submit Your Information: We will need (1) your address, (2) a reliable phone number and email address, and (3) a description of the property and it’s current condition (plus any needed repairs you may be aware of).
Schedule Your Appointment.
Once you’ve submitted your information you will be contacted to schedule an appointment. We offer virtual appointments for convenience via Video Calls. The walk through of your property is a great opportunity to ask any questions you may have for us. Remember, these are no-obligation to accept appointments with no cost to you.
Get Your Money, Honey!
If and when you have accepted our cash offer, it is time to schedule your closing date. The great thing about cash offers is the flexibility they provide you as a seller. Cash buyers work on your timeline! At closing you will be issued your check by the escrow company or closing attorney and that’s that. Congratulations, you’ve sold your house for cash!
Want to see another break down of how we do things? Check out our comparison
of the Cash Homebuying Process vs. Selling with a Realtor.
NOW FOR THE NUMBERS
It’s in our best interest to give you the highest offer we can. We stay in business by getting our offers accepted, so we make sure to provide you with the highest offer we can – and one you’ll be happy with.
Being a company you can trust is important to us, here is full transparency behind our offers:
Okay, so let’s define some of those terms you see in our formula.
After Repair Value (ARV): the projected Market Value of your home after any repairs and/or upgrades have been completed
Our Selling Expenses (SE): while we do not use an agent to buy your house, we DO use one to re-sell. Our SE include agent commissions, closing costs, holdings costs, etc. These are all costs you avoid paying when selling directly to us. On average, our SE are about 10% of the ARV, so we calculate it as such: SE = ARV x 0.10
Cost of Repairs (COR): the amount of money it will cost us to make repairs and upgrades after we purchase it from you
Our Minimum Profit (MP): yes, we do have a minimum profit requirement. However, we do our very best to make you the highest possible offer because we want you to accept it! The more deals we do, the more we can continue to employ skilled members of our community.
Still have questions? Check out our Frequently Asked Questions for even more great information!
SELL TO FOUNDATION TODAY
Foundation House Buyers buys real estate across the United States. We eliminate all encumbrances that come with the traditional selling process. No banks, no agents, no closing costs. We buy as-is and close quickly. It all starts with filling out our form
At “Foundation House Buyers” we value honesty, integrity, and transparency. We will walk you through every single step in the process. To start, we will explain exactly how this whole deal works, what you can expect as the seller, and we will partner with you to create a timeline that meets your needs. Even if you are facing foreclosure, we can help stop it! Reach out to us today!