Sell your house the
fast and easy way
No Commissions, No Repairs, No Cleaning 100% FREE
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Property Information
Sell Your House In Central FLorida The Fast & Easy Way
No Commissions, No Repairs, No Cleaning
100% FREE
Property Information
We've covered the essentials of our cash home buying process, but we understand you may have more questions. If you're eager for further details on how we can offer cash for your property, keep reading! We'll delve into a real-life case study, our offer crafting process, and the distinctions between selling with an agent versus choosing us.
When it comes to selling your house, we acknowledge you have various options and companies to consider. We provide a transparent walkthrough of the entire process, ensuring you have a clear understanding of what to anticipate when working with us
.
In contrast to other companies that may capitalize on your desperation or perceived "motivation" to sell – a term often associated with low-ball offers – we take a different approach.
We base our offers solely on our numbers, without considering your level of motivation. It's a straightforward process,
no exceptions.
Now, onto the exciting part...
Let's explore these terms further to gain a comprehensive understanding of the four primary components of our cash offer.
1.) After Repair Value (ARV): Our cash offers are based on the post-renovation worth of the property, known as the After Repair Value. This reflects the value your property would command once fully upgraded to modern standards, including features like granite countertops and stainless steel appliances.
2.) Cost of Repairs: Determining the expenses involved in repairing the house is crucial. We assess this cost during the initial walk-through or through detailed discussions over the phone.
3.) Selling Costs: Despite purchasing properties without real estate agents initially, we often resell them on the market post-remodeling. This incurs expenses such as agent commissions, closing costs, utilities, insurance, taxes, and miscellaneous charges, totaling approximately 10% of the final sale price.
4.) Profit: While we're passionate about renovating houses, we also need to generate profit to sustain our business and support our families. We strive to keep these profits reasonable to ensure we can provide competitive offers and increase acceptance rates
.
IN MORE SIMPLE TERMS
Our cash offer for your property is calculated by subtracting all the costs of fixing it up (including our profit) from the market value after renovation.
It's straightforward! There you have it, full transparency in how we determine our offers.
Now, what are you waiting for? Dive into flipping houses! 😉
Curious about a real-life example?
Imagine your neighbor's house, identical to yours, sold two months ago in its current condition. They replaced the roof, updated the kitchen and bathrooms, installed new appliances, and added new flooring.
We've covered the essentials of our cash home buying process, but we understand you may have more questions. If you're eager for further details on how we can offer cash for your property, keep reading! We'll delve into a real-life case study, our offer crafting process, and the distinctions between
selling with an agent versus choosing us.
When it comes to selling your house, we acknowledge you have various options and companies to consider. We provide a transparent walkthrough of the entire process, ensuring you have a clear understanding of what to anticipate when working with us.
In contrast to other companies that may capitalize on your desperation or perceived "motivation" to sell – a term often associated with low-ball offers – we take a different approach. We base our offers solely on our numbers, without considering your level of motivation. It's a straightforward process, no exceptions.
Now, onto the exciting part...
Let's explore these terms further to gain a comprehensive understanding of the four primary components of our cash offer.
1.) After Repair Value (ARV): Our cash offers are based on the post-renovation worth of the property, known as the After Repair Value. This reflects the value your property would command once fully upgraded to modern standards, including features like granite countertops and stainless steel appliances.
2.) Cost of Repairs: Determining the expenses involved in repairing the house is crucial. We assess this cost during the initial walk-through or through detailed discussions over the phone.
3.) Selling Costs: Despite purchasing properties without real estate agents initially, we often resell them on the market post-remodeling. This incurs expenses such as agent commissions, closing costs, utilities, insurance, taxes, and miscellaneous charges, totaling approximately 10% of the final sale price.
4.) Profit: While we're passionate about renovating houses, we also need to generate profit to sustain our business and support our families. We strive to keep these profits reasonable to ensure we can provide competitive offers and increase acceptance rates.
IN MORE SIMPLE TERMS
Our cash offer for your property is calculated by subtracting all the costs of fixing it up (including our profit) from the market value after renovation. It's straightforward! There you have it, full transparency in how we determine our offers.
Now, what are you waiting for? Dive into flipping houses! 😉
Curious about a real-life example?
Imagine your neighbor's house, identical to yours, sold two months ago in its current condition. They replaced the roof, updated the kitchen and bathrooms, installed new appliances, and added new flooring.
No wonder it sold for $250K! It's stunning.
After Repair Value (ARV): $250K
Cost Of Repairs (COR): $60K
Selling Costs: $25K (10% of $250K)
Minimum Profit: $20K (Remember, this often takes 4-6 months from closing to selling)
Final Cash Offer: $145K
Our offers are strictly numbers-based, not influenced by desperation or motivation.
Our Offer vs Selling with a Realtor
Our offer: $145K cash, in your pocket on a day of your choice. No fees or hassles of the traditional selling process. Simple and straightforward.
Selling with an Agent on the Market: Suppose you consult a Real Estate Agent/Realtor who suggests selling your house for $165K in its current condition. However, that amount doesn't go directly into your pocket. Here are the fees you'll likely encounter after selling on the market:
- Agent’s Fees: 6% (3% each for buyer & seller)
- Closing Costs: 2-3% (of sales price)
- Buyer’s Concessions/Repairs: 1-5%
- Staging Costs: <1%
Buyer’s Concessions often involve requests for repairs or credits, adding to the overall expenses. To simplify, let’s estimate around 10% in total costs to sell your home on the market (current average in FL as of February 2024 is around 10-14%).
Selling your House with an Agent – Cost Breakdown
Sales Price = $165K
MINUS Agent Fees (6%) = $9.9K
MINUS Closing Costs (2%) = $3.3K
MINUS Buyer’s Concessions (2%) = $3.3K
Final Take Home = $148.5K– this is what you’re left with, best-case scenario, after listing with a realtor, after several months on the market.
Assessing Your Options for Selling Your House
Now that you're aware of your house's current value in its present state, if you choose to list with an Agent, you can anticipate selling around that price. However, it's essential to factor in the fees associated with listing, as discussed earlier.
Now, you face a decision – do you aim for $148.5K after listing with a realtor, enduring months of open houses, with no guarantee of a sale?
Or, do you opt for the $145K cash offer, ensuring money in your pocket within 10-20 days?
Decisions, decisions...
But What If...
What if the repair costs turn out to be lower than expected? Instead of $60,000, they amount to only $35,000!
Now, here's where things get intriguing. If you guessed that we'd be able to offer you more, you're absolutely right!
Let's revisit how we formulate our offers:
ARV (After Repair Value) = $250,000
COR (Cost of Repairs) = $35,000
Selling Costs = $25,000 (10% of $250,000)
Our Minimum Profit = $20,000
In this scenario, we would be able to extend an offer of $170,000 to you!
That's $5,000 ABOVE the current value of the house in its present state and a whopping $20,000 MORE than what you'd pocket if you were to list your house with an agent.
Property Information
Excellent. We need a bit more info about your situation so we can provide you with your options and an instant cash offer.
Please complete the form below so we can learn more about your property. If you don't have the answers handy for some of the fields below, just leave them blank for now.
Your Situation
No wonder it sold for $250K! It's stunning.
After Repair Value (ARV): $250K
Cost Of Repairs (COR): $60K
Selling Costs: $25K (10% of $250K)
Minimum Profit: $20K (Remember, this often takes 4-6 months from closing to selling)
Final Cash Offer: $145K
Our offers are strictly numbers-based, not influenced by desperation or motivation.
Our Offer vs Selling
with a Realtor
Our offer: $145K cash, in your pocket on a day of your choice. No fees or hassles of the traditional selling process. Simple and straightforward.
Selling with an Agent on the Market: Suppose you consult a Real Estate Agent/Realtor who suggests selling your house for $165K in its current condition.
However, that amount doesn't go directly into your pocket. Here are the fees you'll likely encounter after selling on the market:
- Agent’s Fees: 6% (3% each for buyer & seller)
- Closing Costs: 2-3% (of sales price)
- Buyer’s Concessions/Repairs: 1-5%
- Staging Costs: <1%
Buyer’s Concessions often involve requests for repairs or credits, adding to the overall expenses. To simplify, let’s estimate around 10% in total costs to sell your home on the market (current average in FL as of February 2024 is around 10-14%).
Selling your House with an Agent – Cost Breakdown
Sales Price =$165K
MINUS Agent Fees (6%)= $9.9K
MINUS Closing Costs (2%)= $3.3K
Sub-Headline
MINUS Buyer’s Concessions (2%)= $3.3K
Final Take Home = $148.5K–this is what you’re left with, best-case scenario, after listing with a realtor, after several months on the market.
Assessing Your Options for Selling Your House
Now that you're aware of your house's current value in its present state, if you choose to list with an Agent, you can anticipate selling around that price. However, it's essential to factor in the fees associated with listing, as discussed earlier.
Now, you face a decision – do you aim for $148.5K after listing with a realtor, enduring months of open houses, with no guarantee of a sale?
Or, do you opt for the $145K
cash offer, ensuring money in your pocket within 10-20 days?
Decisions, decisions...
But...What If?...
What if the repair costs turn out to be lower, say $35K instead of $60K? Well, things get interesting. If you guessed we could offer you more, you're correct!
Referring back to how we craft our offers:
ARV (After Repair Value) = $250K
COR (Cost of Repairs) = $35K
Selling Costs = $25K (10% of $250K)
Our Minimum Profit = $20K
In this scenario, we'd be able to offer you $170K!
That’s $5,000 MORE than the current condition value of the house and over $20,000 MORE than what you’d pocket if you listed with an Agent.
Property Information
WHY WORK WITH US?
When selling your house, we understand you have various options. Regardless of the path you choose, we're here to offer advice on what to consider and what to steer clear of.
Many other companies that buy homes for cash don’t bother to tailor their offers like we do. They often apply a flat percentage of the After Repair Value we discussed earlier and base their offer solely on that. Sometimes, they lack the cash to close on these properties! Hard to believe, right?
What does this mean for homeowners? It typically results in a very low offer – they operate on a mass-offer approach. Why? It's a numbers game for them – make 100 offers, get 1 accepted. We're not here to criticize other business practices. We're simply informing you so you're aware and don't fall for any misleading tactics.
HARMONY HOME BUYERS
Contact Us
(407) 902-7750
Jen@FlEquityGroup.com.com
Orlando, FL
©2024 – Harmony Home Buyers | All Right Reserved
Harmony Home Buyers
Contact Us
(407) 902-7750
Jen@flequitygroup.com
Orlando, FL
