How Do I Sell My House Fast In Virginia For Cash?
We offer cash for houses in any condition and any situation. We work fast and this is how we do it…
By eliminating many of the players (agents, banks, appraisers, inspections, etc.) and then simply paying cash for your house we significantly simplify the process. We can make buying your house fast! Use our free comparison tool to see for yourself.
It cannot get much easier than that. Actually, it really can’t get any easier than that. I mean that’s really as easy as 1, 2, 3!
So what goes into step two above?
This is where the secret sauce lives in the real estate investing world.
How do we determine the value of your house?
Well, we’re about to spill the secret sauce all over the place.
Because we buy houses with cash as investors we have certain criteria we are looking for in our houses. It varies by market and it is affected by how we choose to profit on the house. Yes, we make a profit, we’re a business. But as a business, we also take all the risk in buying your house as-is.
So here we go, the secret sauce formula we use to buy houses fast in cash. We’ll walk you through a recent house we purchased as-is in about 14 days. The seller was thrilled to have it done since he had been tied up in another contract with some other investor for three months who ended up terminating his contract on the house.
If you like math get a notepad, you’re going to love learning how we buy houses fast in Virginia. If you don’t like math then you may want to cue up something on Netflix and just let us know about your house here.
This is how we buy houses in Virginia in cash in any condition!
Lets start with a few terms and how we define them so you know what goes into this formula. Otherwise we wouldn’t truly be telling you everything you need to know.
After Repair Value (ARV): This is our best estimate as to the value of your house AFTER we buy and renovate the house. YES, this is our estimate and there are upwards of 20 things that can affect this estimate (taxes, school, local job market, comparable house sales, nearby rental costs, etc.).
Cost Of Purchase (CoP): Here we figure the amount it will cost us to buy your house (roughly an additional 4% of the purchase price), and AFTER we buy your house we have holding costs.
Cost of Repairs (CoR): Now here is where the risk really starts for us. AFTER we buy your house we pay for all the renovations. We are careful during the evaluation of your house to look as close as possible, but we always find hidden and costly surprises.
Our Selling Costs (OSC): We buy your house without the use of agents, but when we sell a house AFTER we have made the improvements we pay commissions and fees and closing costs and repairs (if something pops up on an inspection) and sales price negotiation. This will usually cost us in the 10%-15% range of the listed price.
Our Minimum Profit (OMP): Remember I mentioned we are a business and we make profit? This is how we make a living for our families , support local ministries and how we reinvest in the future of our business. We do not try to get rich off each house we buy but we do need to make enough money to pay the bills. Keep in mind, “OMP”, has our taxes deducted (27% before we touch it) and our business expenses. Not whining, just say’n, it’s not a cheap business to be in.