First fill out your information. So we can get a better understanding of your situation. You are under no obligation to sell your house to us after submitting your info. !
Next, we will work with you in order to schedule a suitable time to come see your property, either in person or virtually online. We want to respect social distancing and ensure you feel safe as we finalize your cash offer. Our local team has top knowledge in market value and therefore will ensure you are provided with a competitive cash offer.
You must have seen signs around town or received letters in the mail all promising the same thing “we buy houses for cash.” These words sound nice but leave you with unanswered questions. How do I know to choose the best company to work with? How can I avoid scams? Is it seriously that easy? We get it, although selling your house with us can be fast and easy, it may still feel a little unclear if you’ve never done it before. We want to be open with you and make sure that you fully understand what selling your house for cash looks like!
ARV stands for “After Repair Value.” This simply means we look at what the value of your home would be, completely renovated. Based on the costs involved to maximize the value of the home, we perform a comparative market analysis for your neighborhood and formulate your offer.
AFTER REPAIR VALUE (ARV)
–
RENOVATION COSTS
+
OUR CLOSING AND SELLING COST
=
Using the formula above, assume you are selling a house that needs $40,000 in rehab to be able to sell it for $100,000.
The maximum offer you should expect would be:
100,000 X 80% – 40,000 = $40,000
You would end up receiving a $40,000 cash offer for your home. This may seem low, but the real estate investor needs to have the funds to remodel the home and sell it for a modest profit or rent it out and cover the mortgage.
The benefit of this arrangement is that you get cash pretty quickly, but if you have put some time and money into remodeling the home, you may want to get the home valued by a home appraisal service. They can determine the full market value for your home, which is likely higher than what a cash offer would be. From there, you can consider selling your home on the market or selling your home for cash.
Our goal is to provide you with the best offer possible and leave you feeling happy with your decision to sell to us. The reason people choose Zee holdings over an agent is not only due to our quality offers but also because of how simple and hassle free our closing process is. Now that you have all the necessary information on how we calculate cash offers, let’s discuss the process once you sign and close.
Typical closing process takes around 2-4 weeks, depending on one’s unique situation. Whether you decide to close immediately or move at a slower pace, we work on your schedule and close on a date of your choice. Below is a step by step rundown of the typical closing process.
Once you accept our offer, we will send over a purchase agreement as well as any other paperwork required to our notary. Then, someone from our team will contact you to provide you with all the information you will need in order to sign.
Once all of the documents are signed, we’ll wire money to your bank account or we can cut you a check from the title company. Again, it’s entirely up to you. This usually happens the same day that you sign the documents, though it is possible that it can take one business day in some rare instances.
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