How Do I Sell My House In Ohio For Cash?
We Base Our Cash Offers On The After Repair Market Value Of Your House! (That’s A Good Thing)
If you’re reading this, chances are you want to know how much cash we can offer for your house and how the whole process works. Well, read on! This page will give you an overview of our process, how we buy houses in cash, and even a step by step breakdown of how an offer is calculated.
Sell Your House Fast With No Hassle or Stress
Hi! I’m Marie, one of the Acquisition Managers here at Best Offer REI. I will be guiding you through the process so you can learn more about how it works and how our offers are calculated. By using our own funds and eliminating the need for banks, we have streamlined the process and made it way faster and easier than a traditional home sale. Have questions or want to talk to a live person? Give me a call at (234) 334-0009.
How Do I Sell My House Fast In Ohio?
Get Cash For Your House in Just 3 Easy Steps
Fill In The Form Below
Once we receive your information, we will get to work figuring out how much your house would be worth on the current market if it were all fixed up, completely remodeled and looking its very best.
Schedule Your Appointment
During the appointment, we figure out how much it will cost us to complete the renovations and get the house into tip-top shape. We now know how much the house would sell for all fixed up, and how much it would cost us to get it looking its best again. We use these numbers to present you with a fair offer. We will not waste your time or ours with low ball offers!
Pick A Closing Date
If our offer works for you – great! We can close on your schedule. You could have cash for your house in as little as 7 days. Need more time? We can work with you – we’ve even helped people move before! At closing, you will walk away cash in hand and we will get started working on the house. Everyone’s happy 🙂 Our services are 100% FREE and we even cover closing costs.
“Was very surprised how straightforward the process was. It is obvious honesty and integrity are a cornerstone for this company! They came over, reviewed the property. We discussed and fairly negotiated price. Quick and painless! One of the few good experiences I’ve ever had concerning real estate! (…) I highly recommend them for what it is worth!!”
James. Cuyahoga Falls, OH.
So, How Exactly Do We Come Up With The Offer?
We base our offers on the After Repair Value (ARV) of your house. This allows us to make you the highest possible offer based on the highest comparable property sales in the area. This way, you are able to get the cash you need and we can still profit also. We strive to keep things simple and transparent. Therefore, we have provided an example breakdown below of how an offer is generated so that you can see how things work behind the scenes.
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
This Is How We Calculate Our Cash Offers:
1) We Determine The After Repairs-Market Value Of Your House.
The After-Repairs Value: (or “ARV”) simply put, this is how much your house would sell for in the current market all remodeled and dressed up, just like on your favorite HGTV show!
2) We Calculate The Cost of Repairs
The Cost Of Repairs: Is how much it would cost for us to complete all the necessary repairs and make the house market-ready. Obviously, the house needs to look its very best in order for it to sell for its full value. With that said, we do a lot of the work OURSELVES which saves quite a bit on renovation costs! This allows us to make you the highest offer we can and still have an acceptable profit to keep the business going.
3) We Determine Our Selling Costs
The Selling Cost: Includes all of our costs associated with selling the property once it is all fixed up. Even though we make cash offers and buy houses without the use of agents, in order to give you the highest offer we can, when we go to sell the property (all fixed up) we need to be able to get top dollar for it (the whole point of fixing it up in the first place!). This means we will have expenses such as realtor fees, closing costs, commissions, and taxes when we go to sell the house. (Hint – these are all the fees you SAVE when we buy your house from you in cash!)
4) We Take Out Our Profits
Our Profits: are extremely reasonable, but yes, we do have to make a profit! Although we absolutely love fixing up homes in the community, we wouldn’t be able to stay in business, pay for electricians and plumbers etc if we made zero profit. With that said, we work in volume and make a little profit from lots of projects instead of just a few big projects. This is good for you, because it allows us to prioritize bringing you the highest offer we can.
Simply put, it all boils down to this simple concept:
Your offer is the value of your house all fixed up, minus our costs to fix it up, minus our profit (of course). Straightforward and simple.
This is a basic overview for houses that we are renovating to resell. However, sometimes a house would be a great addition to our rental portfolio and our costs can look a little bit different in that case (our expenses might actually be less here = even more cash for you) Reach out to see what we can offer you for your house. There is no obligation, ever. Just a fair cash offer from us.
“I was given a great offer, and the process was very smooth. 10/10 would work with them again.”
Katherine. Cleveland, Ohio.
Here’s a Real Example for All You Numbers People Out There…
Here’s an example of the breakdown we talked about. Picture this: you have a house that is in disrepair and needs a ton of work. Not only is it more challenging to get buyers interested in “money-pit” houses, but some banks won’t put a loan on houses in severe disrepair so potential buyers might not be able to get a loan for your house even if they wanted to.
Now, let’s say that the house in its current condition is worth $50K (so the “as-is” value is $50,000), but let’s say that if you were to put $75K into fixing up the house, you would be able to sell it for $200K. (Same kitchen after total remodel!)
Let’s assume that you either don’t have the time, energy, or funds to take on the renovation and deal with the headache of the mess and contractors, etc.
Cash buyers like us could come in and offer you $80K for your home, which is $30K MORE than the current value of your house. For us, this works because, if your house is worth $50K, but we offer you $80K for your house and we put in $75K making the house worth $200K, means we then spend $155K netting us a profit (let’s ignore all our other costs and taxes for the sake of simplicity) of $45K.
You get more than what your house is currently worth, we make our minimum profit, and it works out for everyone! In addition, we make the process easy (you don’t even have to clean up, see before and after above!) Easy enough, right?
Of course, we can’t guarantee the situation will work out exactly like the above in every single instance. But if you fill in the form, we will see what options are available for you and try our absolute hardest to make it so that it is a win for you (and us!). You have nothing to lose by seeing what your no obligation offer would be!
Get Your Offer started
More About Us
Check us out on our About Us page to learn more about what we are all about 🙂