How We Buy Houses
When we buy houses in Texas, we do so in a fast, convenient & simple way. We do this by eliminating multiple steps from the home selling process. You don’t need to deal with a real estate agent, appraiser, or bank. When you sell your house you will be working directly with us. As professional home buyers, we can truly make selling your house as easy as
Want To Sell Your House For Cash?
Send Us Some Info
Just fill out the form below or give us a call. We will gather a detailed property description and request pictures of your property.
We’ll Make An Offer
Once we review the property description and pictures that you send us, we will then present you with a cash offer to buy your house.
Get Your Cash
If you like our offer, simply set a closing date & get your cash at closing.
“They were very transparent about the process. I worked directly with Lisa and she was able to get everything done in a timely matter. I’m very happy with how everything turned out!”
– Trieu N. [Houston, Texas]
See… It Really Is As Simple As
This explains the general steps involved when we buy houses, but how do we as real estate investors actually formulate the offer? Let’s break it down a bit... cash home buyer, cash home buyer
In order to sell your house fast for cash in Texas, we encourage you to educate yourself before you decide what your best options are. cash home buyer, repairs needed, repairs needed, buyer homes
We’re about to break down how our process to buy houses works. This is what allows us to make fast and intelligent offers. We got this process down to the T so that homeowners like you can spend less time waiting for an offer and more time deciding what they will do with the cash we will give them for their house. cash offer, home buyer
How Do We Buy Houses For Cash?
When we offer cash for your house we’re looking at a few different factors. The “After Repair Value” (potential value), the repair costs, selling costs, and of course our minimum profit.
The potential value of a property once all repairs and upgrades have been done to get it up to current standards. (think HGTV)
The costs for all the repairs & updates that will be needed after we buy the house from you.
The costs that goes into selling a property which includes, holding costs, and realtor commissions.
There’s no surprise that we are in the business of buying houses & do need to make a profit so we can continue to stay in business.
We Buy Houses Based On Your Home’s “After Repair Value!”
As you can see our offers follow a streamlined formula that is based on real numbers and data. In order for you to have a better understanding of this formula, here is how the terms are defined: buy houses, buy houses, buy houses, real estate, real estate, want to sell, want to sell, real estate agent
After Repair Value (ARV):
This is what the market value of your house could be AFTER we buy and renovate the house. We arrive at this value by analyzing similar properties that have recently sold in the area. These are called comparables or “comps” for short. When we are analyzing comps we are comparing apples to apples. That means we look at similar properties that have sold within the last 3-6 months in the same neighborhood or in close proximity. (The more recent the sell and closer the proximity, the better) We also compare square footage, year built, number of beds & baths, and a few other factors to get a more accurate value range.
When selling a property there are several costs and fees that need to be considered. Those consist of real estate commissions, closing costs, and holding costs. These are all the fees you do NOT have to pay if you sell your home to us. This is usually about 10% of the final sales price. ( = 10% x ARV)
So now that you know how the formula breaks down, let’s put it into action…
Let’s say your house is in “good condition”, everything works, however, it could use some updating throughout and a few of the major components ie (roof, A/C, plumbing) need replacement due to old age.
A lot of the houses we buy usually land somewhere along the spectrum of being outdated to major repairs needed. Which is perfectly okay, we are professional home buyers and we buy houses in any condition, remember?
Now let’s say that houses in the neighborhood that sell for top dollar look more like this:
(new roof, updated kitchen and bathrooms, modern flooring, lighting, stainless steel appliances, and colors)
As you can tell, there is a dramatic difference between the two. Now, if we are to throw some numbers on this example it would go something like this: The updated comparable property sold on the real estate market for $300k. Of course, it took some time (on average up to 6 months) and money to get it to that point. (remember we have to be competitive in the real estate market) Would you as a buyer be interested in buying a house in lesser condition for $300k when a much nicer house sells for the same price? No, of course not!
Now, you’re probably wondering, if a comparable house could sell for $300k after it’s all fixed up, how much could it sell for before the repairs and updates? Good question, I’m glad you asked!
Here is how the tried and true formula comes into action when we buy houses…
ARV (After Repair Value) = $300k
RC (Repair Costs) = $70k
Our Selling Costs = 10% x $300k = $30k
Let’s Say The Minimum Profit For This Purchase = $40k
“Why Not Just Sell My House On The Market?”
The truth is we tell every seller we work with that selling their house with a real estate agent will be the best way to get top market value.
- If you have the time…
- If you have the funds…
- If you have the know-how…
Then selling your house the traditional way will be your best bet. The majority of home sellers will not find any value in the speed & convenience a cash offer can provide. If we find that a cash offer isn’t the best fit for you, we will be transparent and point you towards an option that is better suited for your circumstances.
If you still think you could benefit from a fast cash offer and selling your house fast then fill out our simple form to see how much we can buy your house for…
You Made It This Far, So What’s Next?
Well, if you’re not quite ready to sell your home, then you can stop by any of the suggested pages below to learn more or maybe you’re ready to take the next step, in that case, we look forward to buying your house for cash! home buyer, home buyer, buy homes, repairs needed