So..How Does Resideum’s All Cash, As-Is Offer Work?
1. Send Us Some Info
Call us or fill in our Quick Offer form…quick and easy. We will start crunching numbers.
2. We Will Get In Touch
We will call to setup a time to view your house. We can also make an offer over the phone.
3. Accept Our Offer and Get Your Cash
If you like our offer, just decide when you want to close and move…you’ll get your cash then and there.
Our Cash Offer On Your House…The Formula:
We buy houses in Atlanta. We want you to feel comfortable that you are working with someone you can trust. Our all cash, as-is offers are based on a simple formula and hard numbers…we value transparency so we want you to understand how we come up with our cash offers.
This is how we do it...
Our Offers Are Based On Your Home’s “After Repair Market Value.” That just means we look at what the value of the house would be completely fixed up. We then formulate our offer based on that expected value.
1) First, We Start With The After Repair Value
The After Repair Value or “ARV” simply means what your house would be worth if it was fixed up in tip top shape. Think HGTV. Based on this value, we determine your offer!
2) Next, We Calculate The Cost of Repairs
This is how much it will cost us to fix and update your house to get that HGTV look and achieve the ARV mentioned above.
3) Then, We Determine Our Selling Costs
Once we renovate the house, we list it on the market to sell. 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. Our Selling Costs usually total 10% all together of the selling price.
4) And Finally, We Factor In Our Minimum Profit
Yes we do factor in a profit for our efforts and risk but we also try to keep that to the absolute minimum so we can make you the most competitive offer possible. Because Resideum is vertically-integrated (We have our own renovation contractor company and real estate brokerage firm) we can afford to structure our offers with profit per deal than others…and that is better for you.
Resideum’s Cash Offer For Your House…Simply Put:
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. It is that simple! Congrats, now you are an expert at this!
Show Me The Numbers…
How About a Cash Offer Example
After Repair Value (ARV) = $300,000
Cost of Repairs (COR) = $50,000
Our Selling Costs = 10% x $300k (ARV) = $30,000
Our Profit = $33,000
Your Cash Offer would be $187,000
$300k (ARV) – $50K (COR) – $30k (Our Selling Costs) – $33k (Our Minimum Profit) = $187,000 = Your Cash Offer