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hoW dO i SELL MY HOUSE FOR CASH?
oUR CASH OFFERS ARE BASED ON THE AFTER REPAIR MARKET VALUE OF YOUR HOUSE!
How much cash we offer for your house is obviously a big question you’d like answered. Here on this page, we will explain the entire process, first through a quick overview, then followed by a more detailed actual breakdown of an offer we have recently made a homeowner just like you.
Sell Your House The Easy Way
Hello, I'm Taylor, the CEO of Taylor Buys Homes. I'll be your guide, assisting you through the process of receiving your no-obligation, all-cash offer. Rest assured, our service is completely free and without any obligation to accept. You can also reach me at (346)-220-2005.
Selling Your house is easy as 1-2-3
PICK AN APPOINTMENT DATE
We’ll make you a fair, no-obligation cash offer for your house in its current condition.
PICK A CLOSING DATE
We offer the ability to close on your sale quickly on a schedule that works for you.
Our Offers Are Based On Your Home's
After Repair Market Value
This simply means we look at what the value of your home would be, completely fixed up. Based on this value we will formulate your offer! How Exactly?
Well, Imagine you have a house you want to sell..
Now, also imagine your neighbor, has the exact same, identical house as yours, except for a few upgrades he made… say, he added granite countertops, removed wallpaper, applied a fresh coat of paint, put a new roof on, and put hardwood floors in.
Now Imagine he sold his house for $300K.
What Do We Know Now?
Well, we know, that If we make the same upgrades to your house (AFTER we buy it from you of course), bringing the house to a very similar condition as your neighbor's house, we would also be able to sell it for $300K.
We know the Market value of your house if we fixed it up (in this case $300K), and we know the cost of repairs/upgrades. We can now make an offer that works for us. If this offer also works for you, great we close and you get your money at closing! As you can see, we make offers based on the market numbers, not based on how desperate you may or may not be to sell.
The Offer:
All you math lovers out there will appreciate this section. We value honesty and transparency. We have no issues sharing with you how exactly we formulate our offers.
[Your Offer] = [After Repair Value] - [Cost Of Repairs] - [Our Selling Costs] - [Our Minimum Profit]
But in order for you to understand this we need to define some terms.
The "As-Is" Value
This is the current market value of your house, right now, where it stands, as it stands.
After Repair Value (ARV)
This is what the market value of your house will be AFTER we buy and renovate the house. Yup, we are just like your favorite HGTV flipping show.
Cost Of Repairs (COR)
This is what our cost will be for fixing/updating the house AFTER we purchase it from you.
Our Selling Costs
Although we buy houses without involving agents, we, on the other hand, have to use an agent to sell that house again AFTER we have purchased it from you and fixed it up. So we have to pay agent fees, closing costs, taxes, holding costs, etc. These are all the fees you do NOT have to pay if you sell your house directly to us ;). This is usually 12% altogether of the selling price. (Our Selling Cost = 12% x ARV)
Our Minimum Profit
Yeah, this IS a business after all, and we wouldn't be able to stay in business, buy more houses, pay contractors, plumbers, etc, if we didn't make some sort of profit. However, we keep this to an absolute minimum so we can present you with the highest possible offer. See, our business model is structured around making many deals with a little profit per deal, and not a few deals with a huge profit per deal. This benefits all.
English Please!!
The offer will be the market value of the house (after we fix it up) minus ALL our costs fixing it up (including our profits). How simple is that? Congrats—now you are an expert at this! But do you want to be sure you understand it?
We would come in, with our contractor and if we can, our agent. (We bring our contractor and our agent to the walkthrough so that our agent tells our contractor what needs to be fixed (as he/she knows what buyers are currently looking for) and what does not need to be fixed (to save on the cost of repairs)).
Our agent: tells us, that we need granite countertops, because the neighbor across the fence who sold his house for $300K, also has granite, as well as hardwood floors, removing wallpaper, installing new appliances, etc.
Our contractor: gives us an accurate COR (Cost Of Repairs). See, we know exactly what we will do to the house the second we are done with the walk-through and we know exactly what all the numbers will look like.
The more accurate these numbers the more accurate (and the higher) your offer will be! Let's say our contractor gives us a cost of repairs of $70K.
Now We Are Ready To Make You An Offer!
Here Are The Numbers:
As-Is Value = $190k
ARV (After Repair Value) = $300K
COR (Cost Of Repairs) = $70k
Our Selling Cost = 12% x $300k = $36k
Let's say Our Minimum Profit For This Purchase = $40k
Your Offer = $300k - $70k - $36k - $40k = $154k
As you can see, we play by the numbers. We do not make offers based on how desperate you may or may not be. We don't base offers on some percentage of the After Repaired Value (that is ludicrous). We simply add the numbers up trying our best to give you the highest possible offer we can make you, to make sure you will be happy, and thus to make sure the contract will be signed so that we can get our next flip going! Makes sense doesn't it?
Want To Know What Your Numbers Look Like?
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We know selling a home can be challenging. That’s why we offer fair off-market prices on your timeline no costly repairs required. Our honesty and integrity are why homeowners trust and recommend us.
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