Pennsylvania Cash Offer
How We Buy Houses
Our operations are structured to give you a transparent, seamless, and perfectly pleasurable sales experience. So sell to us today to enjoy the premium quality service we offer.
How We Purchase Properties In Pennsylvania
You reach out to us with sufficient details about your home.
Our representatives will contact you to set up an appointment at a time that works for everyone.
We will inspect your property, consider its ARV and forward a purchase proposal to you.
We handle the documentation of the sale, close swiftly, and give you your check immediately.
Estimated Sales Timeline: Please note that our sales run faster than conventional sales. In fact, we have no issues sending you a quote a few hours after getting your property details. However, we take the time to assess your property to avoid sending you a less deserving offer and protect our finances. That way, we have sufficient information to prepare a properly structured monetary offer.
Note that you have absolutely nothing to worry about. Our purchases are not hinged on inspections, and inspections are never time-consuming. After the evaluation, trust us to send you an offer within 24 hours. And the minute you get our offer, you get to dictate the speed of the transaction.
The Easy Way to Sell a House
In all honesty, selling to a realtor might prove more profitable. But sometimes sellers prefer the sure thing, with no stress. We are local investors who understand how upsetting and difficult conventional sales sometimes can be. Thus, we offer an alternative sales process that is easy and guaranteed – for you to dispose of your property.
From the minute you agree to our offer till the day we close the transaction, we will ensure that we do everything to keep you at ease. Our representatives will do all the running around, hard work, and heavy lifting for you. Your only responsibility throughout the transaction is to respond to our calls and evacuate your property from the premises. We promise to leave you happy and content after the sale.
How Exactly Do You Purchase Properties?
Since most sellers are more familiar with agent-influenced sales, they are often confused about how real estate investment purchases work. We’ve had to answer this question repeatedly, and we think it best to provide a detailed step-by-step guide on how we purchase properties for cash.
In providing answers to this question, we'll be addressing some FAQs.
- What's your home buying process like?
- What factors help you determine your cash offerings?
- What technique do you utilize in determining property quotes?
- Which property features do you consider when making a purchase?
- How long will it take you to buy my house?
Keep reading for the answers to these questions.
Our home buying process.
As already stated, we are committed to providing you with comfort and a stress-free sale. Thus, our home buying is structured to offer you speedy offers, quick documentation, fast closings, and even faster payment. Here’s a simplified three-step guide on how our transactions typically run.
- First, you show interest in selling to us by requesting an offer via call or any of our web forms.
- Next, we assess your home, prepare a quote and send it to you.
- If you find it suitable, we will dedicate our resources and time to legalizing and closing the sale. After which, we'll hand the payment to you in cash.
That’s all there is when it comes to receiving a cash offer!
What factors help you determine your cash offerings?
We want to purchase your PA property and offer a profitable price for you. However, you or our business could suffer a loss if we make an offer in a vacuum. Our team of professionals have dealt with real estate properties in the past, and they have no issues putting together the best proposal in the industry. In doing this, they consider the following factors:
- Your reason for selling
- The current state of your property
- What amount do you believe the proceeds will be from the sale?
- When would you prefer to finalize the transaction?
The answers you provide to this question will help us achieve a proposal that benefits you and, at the same time, doesn’t leave us at a loss. Of course, we will also consider your home’s condition, style and location to avoid any inaccuracy.
How we determine property quotes
By now, you might have come across a handful of real estate investment sites online, all promising to “buy your property as it is and instantly pay you an amazing price.” It is even possible that you have tried some, and unfortunately, they didn’t end well. So it’ll not come as a surprise if you ask questions like “How much will I get for my house?“
Since we are transparent persons, we have no issues telling you the price you’ll get for your property. However, rather than just tell you, we’ll show you how we arrive at our cash offerings. In calculating property quotes, we apply a simple technique/formula. Well, if you are not a fan of math, this section might seem a bit boring to you. We will try our best to simplify this formula, and we plead that you stick with us.
Our Home Buying Formula
After assessing the condition of a property, the market value of properties in the neighborhood, and other factors, our ultimate sales formula is:
ARV – MINIMUM PROFIT – TRANSACTION COST – REPAIRS = YOUR CASH OFFER
For a better understanding of the formula, let’s take a look at a brief description of each element:
ARV
ARV is a widely used term in the real estate industry. It is short for After Repair Value, and it connotes that the property in question is in a state where it does not require further repairs and maintenance. In other words, the property is undamaged and in good condition.
TRANSACTION COST
In property transactions, several costs need to be accounted for. These costs include carrying expenses, contractor charges, holding charges, closing costs, etc. There are also loan and loan originating fees that require settling. To avoid taking a heavy chunk out of your payment, we’ve summed up these costs to a discounted 15% of the total cost.
REPAIRS
As the name implies, this element identifies the repairs we need to make to your property to reach its perfect potential (ARV). Now, this is one area we are very intentional about. While the state of your property will not stop us from purchasing it, we want to identify all the repair needs before making an offer. If we account for all repair needs in time, it’ll help us make a more accurate offer and, at the same time, save us from running at a loss. Our reason for this is clear. Surprise repair needs can ruin any business. And if the repair need were as serious as a major foundational defect, it would force us to spend way out of our budget. That’s one risk we are not ready to take. Thus we always do due diligence when identifying defects.
MINIMUM PROFIT
Of course, we must make money to continue our marketing efforts and support our families. Our profit margins vary, but we usually aim for a 15% profit margin. This also provides us with some price stability. We’ll be fine if we go over budget and still make 10%. However, we must be cautious because one large surprise might wipe off half of our gains. We can’t always receive a precise repair estimate, especially when dealing with hoarders. We always use conservative figures, but our 15 % profit estimate relieves the stress of not knowing everything before buying.
YOUR CASH OFFER
Now, with the knowledge of these elements in mind, you can easily calculate Your Cash Offer by applying the formula ARV – Transaction Cost – Minimum Profit – Repairs. This indicates that for a perfect, reasonable all-cash offer, the ARV will be reduced by the sum of the transaction expenses, repairs, and profits.
Take a look at what we have to offer for your home…
Which property features do you consider when making a purchase?
- Condition: What necessary repairs and upgrades are needed for the home to reach it's ARV? We look at the foundation, roof, electrical, plumbing, HVAC, kitchen, bathrooms, and flooring.
- Situation: Are there any code violations or tax liens? What is your timeframe to sell? Is the house in probate? Homes with bad tenants require some money to vacate. Homes in rural areas have labor challenges.
- Mortgage: What is the balance of your mortgage? It is a win-win if you can get some cash after your mortgage is paid off. If you owe too much, we can still help but only if you are open to creative options.
- Tenants: Bad tenants are a problem that we are actually good at. Some factors include the tenants' responsiveness and their willingness to work with us. Bad tenants can cost big, in terms of money as well as time. It can take up to a year to evict a bad tenant!
How long will it take you to buy my house?
We close as quickly as possible! We strive to predict potential roadblocks and deal with them when they arise. We work nonstop to keep our promise to close quickly.
After you get in touch with us, we will spend the first few hours assessing and putting together a bid for your house. We’ll start the paperwork process as soon as you accept the offer. You could be asked to sign a few documents, and we’ll release important documents as needed.
Next, we engage with a conveyancing company to verify the title and ownership of the property. You must first complete this step to identify any problems with the title. Resolving all associated issues and property entanglements before closing is of priority to us due to how crucial title entanglements can be. However, it only takes a few days, depending on the substance of the issues surrounding the title. In the meantime, expect that our team might visit your home to examine its condition.
This ought to be your preferred section overall! Without lowering your offer, we pay you hard cash and in full! You will receive our highest bid. On average, the purchasing process takes 7 to 20 days to complete. When things get out of hand, though, the process could take more than 20 days.