At SellHouseCash.com, we believe in fairness and transparency, how we calculate your offer is no exception. Our process for determining cash offers is straightforward and considers several key factors to ensure you get a fair and honest offer. Here's how we do it:
● Determine ARV (After Repair Value): This value is determined by market research, and based on the house being fully renovated in HGTV condition. The price a homeowner will pay after we renovate the house. We take every factor and property characteristic into consideration.
● Renovation Costs: How much we’ll spend on renovations and repairs. We need the house in perfect condition to maximize our resale price.
● Resale Costs: These are the costs we need to factor while holding the property, and when selling to a new owner. Examples are insurance, taxes, HOA fees, utilities, resale commissions, and settlement costs. Typically 10% of the ARV covers the resale costs.
● ROI (Return On Investment): The profit we need to keep the doors open and continue helping people. This allows us to support our families, buy more houses, pay employees, pay contractors, and cover all the expenses that come with owning a company. We factor a 10% minimum of the ARV
At SellHouseCash.com, we believe in fairness and transparency, how we calculate your offer is no exception. Our process for determining cash offers is straightforward, and considers several key factors to ensure you get a fair and honest offer. Here's a quick overview of how the offer is calculated: