We purchase homes “as-is” for cash.
The formula is quite simple.
Our goal is to pay you the most we can so that you are happy and we are allowed the opportunity to purchase your home. In order to pay you the most today, we have to sell it for the most possible once we buy it from you. By us having a deep understanding of the cost to repair a home, and what that house will be worth once those repairs are made, you reap the reward of the highest possible offer.
Let me show you how it works.
Fill out the
form
Tell us about your property! You can also call us: 314-502-9088.
Set up an
appointment
We will set up an appointment to look at your home, and make you a cash offer
We Close,
You Get Your Cash!
Pick your closing date and receive your cash!
How Do We Arrive At Our Best Cash Offer Price?
ARV (After Repair Value)
This is the value of your home after we purchase it from you and make a substantial investment into upgrading the home.
Hard Cost (Material & Labor)
This is the cost of all the tradesmen, carpenters, and professionals we use to rehab the home after we purchase it from you. This also includes the cost of materials such as the new cabinets and flooring or drywall and doors.
Soft Cost
This is the one cost that sellers often disregard but is very real for us, the investor. When we purchase the home from you, we typically use a line of credit which means we have a monthly interest payment in addition to other monthly expenses such as insurance, taxes, utilities, and holding costs. When we go to re-sell the home, after we bought it from you, we have to pay real estate commissions and additional closing costs.
Profit
Unfortunately, we have to make money when we purchase the home from you so we have to factor a reasonable profit commensurate with the risk we take and the service we offer. We are a volume buyer so we keep our profit to a minimum on each deal.
Our example
For example, if I am evaluating your home and I think it can re-sell for $250,000 (ARV) after $50,000 in repairs are made (Hard Cost) , here is how I arrive at an offer price for you…
So, what does all this mean?
In order for us to give you an offer we simply have to identify what your house could be worth on its BEST DAY minus our costs and profits we have to make. It’s just that simple.
How do we compare to a real estate agent?
In order to compare our offer versus what an agent suggests, you have to compare the NET numbers.
What are NET numbers?
Let’s use our example above, if we offer you $150,000 “as-is” then you will walk away with $150,000 NET (roughly).
Remember we are offering to pay your closing costs. You may have some taxes to pay at the closing but, for the most part, you will walk away with $150,000.
If the agent tells you that they can sell the home for $170,000 “as-is”, on the open market, then what does that NET you?
THIS IS WHAT YOU ARE GETTING FROM AN AGENT
So, to compare the 2 offers and what they ultimately net you.
$150,000 from us TODAY!
or…
Possibly $159,800 at some point in the future.
Remember, the agent’s suggested price is never a guarantee and the closing date is never certain. Obviously, our offer is firm and we can close quickly eliminating any unknows and uncertainties. This great benefit allows you to plan your next move and provides you a great deal of convenience.
The Next Steps
ONCE YOU DECIDE TO ACCEPT OUR OFFER
Sign a Contract
We will walk you through our basic contract and discuss any questions that you may have. We want you to feel confident about your decision before signing.
Timeframe
Once we get your info, we can close as quickly as 7 days… or on your schedule (sometimes we can have a check in your hand the very same day!)
Close Date
inside the contract will be a close date. We can go fast or we can go slow. We let you pick the date of the closing. A typical closing is 20 days to 30 days. We can close in fast as 7 days. Sometimes we have closings that do not occur for months.
Title Company
we will provide you with the title company’s contact information so you know where the closing will occur. The title company will reach out to you prior to the closing and schedule a time that is convenient for you to stop by and close. Most closings take less than 30 minutes and can happen over your lunch break if needed. Title companies only operate on weekdays from 8am to 5pm, no weekend appointments.
Living Situation
if you are currently living in the home and need us to purchase it before you can move out, we can accommodate you. We understand that you may need the cash in hand from the home we are purchasing before you can make that next move. We can work with you to put a realistic plan together for the transition.
Tenants
we can purchase your home if there are tenants presently living in the home. We can honor the current lease or discuss a new lease, with the tenants, if there is not one already in place.
Sell Your Home and Buy a Home
we can purchase your home so that you have the cash in hand to buy a new home. You do not have to move while you are searching for your new place. Even more, we can help you find that new place! We can coordinate the entire process so that you have the cash needed to make another offer on a home and to avoid a “double move.”
Selling your house
Can be a Quick and Simple Process
Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.