How Do I Sell My House In Hampton Roads Fast For Cash?
We Offer Cash For Your House In Hampton Roads, Find Out How…
Our process is simple. By eliminating all the typical issues that come up with trying to sell your house: agents, inspections, appraisals, expensive repairs, wishy-washy buyers; we bring you a no nonsense cash offer. It’s really that easy!
Want Cash For Your House? Here’s How…
Tell Us About Your Hampton Roads Property With The Form Below
We Will Meet At Property Or Speak By Phone And Answer Any Questions You May Have. We Then Give You An All Cash Offer.
We Close On The Day Of Your Choosing, At A Local Title Company With Cash!
3 Easy Steps
What Else Should You Do?
To sell your house fast in Hampton Roads, we encourage you to do your own due diligence on what the best options are for you and your house.
What we will explain next is a well thought out, very detailed explanation of on how the entire home buying process works when you deal with us. This means you will get an inside look on how we will make you an offer, from beginning to end. Please make sure you read through this next section, as you will have all the information needed to help you with your decision. Fully transparency ahead!
Find out if selling your house in Hampton Roads fast for cash is right for you…
The Details On Selling Your House
So You Want To Sell Your House Fast For Cash!
…And Still Want A Great Offer
I am sure you are probably wondering by now “what’s the catch” to selling my house fast in Hampton Roads. You have probably seen or heard from other home buying companies in Hampton Roads about how they are ready to make you a full price cash offer, as is, sight unseen within 24 hours time. Sounds like a dream come true…
Believe us, it really is too good to be true. If they are not presenting you with an insulting low ball offer, often times these offers are your classic bait and switch. The 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!
But enough about doing it the wrong way. Let us show you the right way!
Our Home Buying Process For Your Hampton Roads House
Giving You The Best Possible Offer Is A Win Win
“We Buy Houses” companies will often try to give you the lowest possible offer. This doesn’t make any sense to us. We want to buy as many houses as we can, and insulting YOU, the seller would do us no good! We spend a lot of time and care doing your home analysis so we can get you cash for your home in Hampton Roads. We spend time and money driving to properties all over Hampton Roads. All these services are 100% FREE to you!
With That Being Said…
Evolve House Buyers keeps its business going by getting offers accepted, in fact, it is our most important process of home buying. In order to keep it going, we have to make offers that YOU, the Seller would be happy with. We truly do our best to make you the highest possible offer we can give, we want to buy your house and leave you with a smile 🙂
Our Offers Are Based On Your Home’s “After Repair Value”
This is just our way of saying we calculate our offer based on what your home should sell for all fixed up like we like to do it. Based on this value, we formulate your offer! How Exactly?…
Consider This Scenario…
You are ready to sell your house. You know it may need a little work.
Now you did your research, and you see that your neighbor, with an identical house that has been fully “rehabbed” with newgranite counter tops, fresh paint, new floors, roof, and windows has recently sold.
You discover his house sold for $200k
What Do We Now Know?
Well we know that if we made the same improvements to your house as your neighbors (after we buy it), that we could reasonably expect to sell it for $200k.
We now know what the After Repair Value is. We also know the amount of repairs that will need to be done to the property to get the value we are estimating (in this case $200k). We can now make an offer that works for us. If this offer happens to work for you, great! We can close when YOU want 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.
If you enjoy math, you will love this section. Even if you do not, don’t fret, we make it easy to follow along. We aim to be as open and honest as possible with full transparency into our process, but shh, don’t let our competitors know our secrets 😉
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
You’re likely thinking “gee, thanks for providing that formula with all those confusing terms”
Terms To Know
After Repair Value (ARV): This is what the market value of your house will be AFTER we buy and renovate the house. That one was easy!
Cost Of Repairs (COR): This is what our cost will be fixing/updating the house AFTER we purchase it from you. Our cost of repairs may be higher or lower than what you can do it form but after working on as many properties as we do, you can be certain its an accurate number that won’t change later.
Our Selling Costs: Selling a house is expensive! Just another bonus for you that we pay all of your own 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 little profit per deal, and not a few deals with a huge profit per deal. This benefits all.
Putting It All Together
What The Formula Really Means…
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. How simple is THAT! Congrats, now you are an expert at this! Wait, let me actually show you real example…
Real Life Example
Here is a real life example of a house we recently bought and show you our process.
This was the house in its original condition. As you can see, it’s not terrible but it could use a little work to make it nice and new looking.
Remember that neighbor we used in the example? Well here is what his kitchen looked like. You can see that in order for us to sell for the After Repair Value (ARV) of $200k, we would need to make similar upgrades to the picture on the right.
No wonder your neighbor sold his property for $200k! Look at how beautiful that house looks. New granite, cabinets, floors, paint you name it!
In order for us to also be able to sell your house (after we buy it from you) for that $200k price, we need to bring the house to the same condition as the neighbor, and often times we do it better!
You may be asking “Why”? Good question
We wouldn’t be able to sell the house in the first picture for the $200k price tag in its current condition when all the other comparables, meaning houses that look similar to yours in the neighborhood, sell for that $200k price all fixed up like the 2nd picture. As you can probably see, if you were looking to buy in your neighborhood, would you pay a premium price for a house that is outdated and needs work, or for the one that has all the bells and whistles? Of course you would not, you’d want a cheaper price!
How much will my house sell for in its current condition, as is?
Should I List My Hampton Roads House Or Sell It For Cash?
So you decided you want to sell. Let’s say you contacted an agent first and they told you the property, in its current condition can sell for $120k on the market. Get a 2nd opinion! If you haven’t already, you should have contacted the #1 Home Buying Company in Hampton Roads (us, c’mon now) to hear your options. If you haven’t, you’re slacking…get on it!!
What we would do…
We would set up an appointment with you, on your schedule, and have one of our acquisition specialists, who are very friendly by the way, take a tour of the house with you and answer any questions and gather some estimates for those tricky repairs/upgrades we mentioned previously. Now, remember, our costs to do the repairs may vary, but we don’t cut corners (that’s why we are the #1 Home Buyers in Hampton Roads 🙂 ).
Because we trained our Acquisition Specialists to look for what repairs need to be done, what upgrades are needed to get top value for the After Repair Value, and they are well versed in the local market, we will know exactly to the dollar amount what it will take to get the house “sale ready” for when we would list it on the market after we would buy it from you and fix it up.
The more accurate with our numbers, figuring in the repair costs, the ARV etc will enable us to give you a better, higher and more accurate offer price! Let’s say in this case, the Acquisition Specialist recommends repairs to cost $40k.
It’s Offer Time!
Here is what that looks like:
As Is Value = $120k
ARV (After Repair Value) = $200k
COR (Cost of Repairs) = $40k
Our Selling Cost = 10% e.g. 10% x $200k = 20k
Our Minimum Profit For This Purchase (will vary) = $40k
(Your Offer) = (ARV) – (COR) – (Our Selling Costs) – (Our Minimum Profit)
Your Offer = $200k – $40k – $20k – $40k = $100k
As you can probably tell, we do not make our offers based on desperation or how badly you need to sell. We don’t use generic formulas that don’t make any sense when making an offer. We base our offers off of past experiences of true costs. This simply means, we do our very best to bring you a REAL, honest, transparent offer that we know will work for us, and hopefully will work for you too!
So we know the house is worth $120k as is if you listed it on the market with a real estate agent. But that does not mean you will receive that total amount. Nope, when you factor in the 6% real estate commission, 3% in closing costs and 1% for repairs and other fees, you are left with $108k. But that does mean you are guaranteed to even make that, that is what we think it will sell for. How long will you have to wait to sell, 4,5,6 months?
Now You Have A Decision To Make…
Sell it for a guaranteed 100k in roughly 10-20 days or take your chances on the market and maybe you can get 108k in 4-5 months.
🤔 Sounds like you have a decision to make🤔
HOLD ON, THERE’S MORE
Let’s revisit those numbers again…
As-Is Value = $120k
ARV (After Repair Value) = $200k
COR (Cost Of Repairs) = $25K
Our Selling Cost = 10% x $200K = $20K
Let’s say Our Minimum Profit For This Purchase = $40K
(Your Offer) = (After Repair Value) – (Cost of Repairs) – (Our Selling Costs) – (Our Minimum Profit)
Your Offer = $200k – $25k-$20k-$40k = $115k
Yes you are reading that correctly! Now your offer, without having to do anything to your home, is worth MORE than what you would get for the house on the market listed with an Agent! Again, that is if it even sold on the market. As you can see, our offers are not based off of desperation, but are based on on the numbers.
Are You Ready For Your Offer?
Our Offers Are Better!
I am sure everyone and their brother will tell you how they will give you the best offer. At Evolve House Buyers we really mean it! With our transparent approach, and straightforward no nonsense calculations, we truly try to give you the best offer you can get!
We do things differently than other companies, and we focus on trying to be as accurate as possible in what your house will be worth at it’s After Repair Value in order for us to give you a great all cash offer. We don’t focus on what it could sell for, but what we know it will sell for with our upgrades/repairs.
By being so laser focused on accurate numbers, we know how every dollar in your pocket counts! Because of that, our Cost of Repairs have to be accurate too. We are not in the business of using high end expensive contractors but using locally sourced contractors who also give a fair price to do good, solid work. Because we are not using overpriced contractors, our Cost of Repairs can be much lower, which in return means more money for you when we make our offer!
Why do we go out of our way to give you the best offer?
Our goal and mission statement is to give you, the seller, the best possible offer so that you want to accept our offer to buy your house in Hampton Roads. It does us no good if you say no and go with our competitors. We love buying houses and fixing them up, so it is in our best interest to give you the best offer we can do!
For this exact house, the seller accepted our offer. They needed to sell fast, didn’t want to deal with agents, and they wanted the least amount of hassle. The review below says it all…
“I met with Sam at my father’s property, and he was very open and honest with his assessment. I was able to take a few items that were very meaningful to me and was able to leave the rest. The process was seamless!”
Have More Questions? Check Out Our FAQ
Our Most Asked Questions
How do you sell a house without a real estate agent?
Selling your houses is a daunting task, whether you do it on your own or with a professional. Here are some quick pointers on how to accomplish that feat with ease…
- Do your homework! Having an understanding of the market is important when you are in the process of wanting to sell.
- Find out how much your house is really worth. Often times sellers overvalue their own homes because it is theirs. Don’t fall into that trap. Look at the other houses in the neighborhood with an objective lens.
- Time to Market it! Familiarize yourself with Zillow, Truilia and other major websites.
- Be available for showings upon request.
- Learn to negotiate…not just price but repairs, closing costs and closing date.
- Know your house inside and out and be prepared to do repairs. Buyers want new, not old and damaged.
- Know the fair housing rules and make sure you abide by local codes.
What are the costs when selling by owner?
Realistically, the costs by selling by yourself as the owner vs with an agent is about 3%. You still will have to pay for closing costs, attorney or title fees, holding costs, insurance, and the buyers agent’s fee. The costs are still significant, and expect to give up 7% of the sales price to those fees.
We Are Home Cash Buyers In Hampton Roads
Evolve House Buyers , buys houses in Hampton Roads Virginia. We are House Cash Buyers In Hampton Roads. We remove all the roadblocks that come with trying to sell your house the traditional way. No banks to wait on, no appraisals to worry about, we buy our properties with cash. We buy as is and can close when you need to. There are absolutely no fees or commissions when we buy your house in Hampton Roads for cash. We are ready to buy your house whenever you are, all it takes is to fill out a form and we can start the process.
Evolve House Buyers strives to bring transparency, honesty and straightforwardness to every dealing we do. We aim to walk you through the process, step by step, so that you feel at ease with the entire process. We go from Point A to Point Z, leaving no stone upturned with expectations, deadlines and results. What you are told, is what you get, with our no nonsense approach to buying houses in Hampton Roads. So if you need to sell your house fast in Hampton Roads or your house needs a lot of repairs, we are the company for you. Give us a call today!