Are you wondering “How do I sell my house fast in Colorado for cash?”
I’m sure you’ve seen a bunch of similar websites, or gotten letters, texts, postcards etc. from other companies claiming they will buy your house for cash, and that you can sell your house fast to them. Don’t all Colorado “we buy houses” companies boast fair cash offers in 24 hours and even give offers without even setting foot in your property?
Believe me, they will not err in your favor. Those offers are inflated offers to discourage you to look for more offers from other companies. They will try to have you sign a contract and after the contract is signed they will attempt to lower the offer using the results of an inspection.
Don’t Fall For That!
Make sure you ask for a $1,000 non-refundable earnest money deposit to weed out these “fake” investors, 99% of them don’t have $1,000 to their name. What they’re hoping is that they will get you under contract and then sell that contract to someone like me so that they can make a spread or a broker fee. Does that make sense?
But enough about doing it the wrong way. Let us show you the right way!
How We Make Our Offers To Buy Your Home
Our Offers Are Based on Your Home’s “After Repair Market Value.” This simply means, we look at what the value of your home would be, completely fixed up. Based on this value we will formulate your offer!
How Exactly? Well, imagine you have a house that you want to sell… Now, also imagine your neighbor, has the exact same, identical house as yours, except for a few upgrades he made… say, he added granite counter tops, removed wallpaper, applied a fresh coat of paint, put a new roof on, and put hardwood floors in. Now Imagine he sold his house for $500,000.
What Do We Know Now? Well, we know, that If we make the same upgrades to your house (AFTER we buy it from you of course), bringing the house to a very similar condition as your neighbor’s house, we would also be able to sell it for $500K. So, we know the Market value of your house if we fixed it up (in this case $500K), and we know the cost of repairs/upgrades. We can now make an offer that works for us. If this offer also works for you, great we close and you get your money at closing! As you can see, we make offers based on the market numbers, not based on how desperate you may or may not be to sell.
All you math lovers out there, will appreciate this section. We value honesty and transparency. We have no issues sharing with you how exactly we formulate our offers.
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
After Repair Value (ARV): This is what the market value of your house will be AFTER we buy and renovate the house. Yup we are just like your favorite HGTV flipping show.
Cost of Repairs (COR): This is what our cost will be fixing/updating the house AFTER we purchase it from you.
Our Selling Costs: Although we buy houses without involving agents, we on the other hand, have to use an agent to sell that house again AFTER we have purchased it from you and fixed it up. So we have to pay agent fees, closing costs, taxes, holding costs etc. These are all the fees you do NOT have to pay, if you sell your house directly to us ;). This is usually 10% all together of selling price. (Our Selling Cost = 10% x ARV)
Our Minimum Profit: Yeah, this is a business after all, and we wouldn’t be able to stay in business, buy more houses, pay contractors, plumbers etc, if we didn’t make some sort of profit. However, we keep this to an absolute minimum so we can present you with the highest possible offer. See, our business model is structured around making many deals with a small profit. This benefits us all.
So what does this formula mean in plain English? Simply this: The market value of the house (after we fix it up), minus ALL our costs fixing it up (including our profits), will be the offer.
Why Our Offers Are Better.
Yes we know, we know. Everyone says this. But we will do better. We will show you why this is true, or at least we try to make this true.
See, the reason our offers are so fantastic is that our offers are based on the value of your house as if it were completely fixed up and updated. Yes, we figure out how much your house would be worth if it was completely updated. Then we factor in the cost it would take to fix or update your home.
You see, here is where the cost of repairs comes in. If we can keep the cost of repairs down, we can obviously give you more cash for your CO house, as previously explained using our equation above.
On top of being real estate investors, we are a licensed contractor and real estate broker. With our own crews and no fees to pay to outside brokerages or contractors, we can pay you more. Well, isn’t that nice of us!
Why do we go out of our way to give you the highest possible offer?
Well, think about it! If we can give you more than our competitors can, you will sell it to us. And that is what we want. The more houses the faster we can help others with our mission.
Still have questions? Check out our FAQ
Call Us Now at (720) 709-1818 or fill out the quick form below to get started.
We’ll Make You An Offer Within 24 Hours.
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