Unlike some homebuyers, that use a “Black Box” strategy of coming up with lowball offers, we have a very specific process to determine our offer prices.
First, we’ll calculate what we think we can sell your property for after we’ve brought the property current with repairs and cosmetic improvements.
Next, we’ll subtract the actual renovation costs and the typical holding costs that we can expect to bear during the renovation (insurance, utilities, materials, labor, etc).
Then, we add what we believe to be a fair and reasonable profit margin as compensation for taking on the renovation.
When these numbers are tabulated, a purchase price is established, and that is what we will offer you. We won’t give you rigid time restrictions to accept our offer, and we won’t pressure you. If our number makes sense, great, and if it doesn’t, that’s okay too.
We know full well that homeowners know the value of their real estate, and we also know that they will reject unfair offers. That’s why we don’t start low and hope you’ll talk us up. Most homeowners tell us that our offers are at the top of (or very close to) the highest price they’ve been offered by other cash homebuyers.
We have learned over the past eleven years that making fair offers, and delivering on our promises, allows us to maintain our stellar reputation and in turn, purchase more houses at fair prices in the future.