How We Come Up With Offer Prices
You’re interested in selling your house to a cash buyer, but you don’t really understand how they come up with their offer prices. How can you know whether you’re getting a fair value for your house? What does a fair value even mean when the market is so tumultuous?
How Do Cash Buyers Make an Offer?
The most important thing to understand is that a cash buyer will purchase your house for its value as is. That’s the value of your property without any repairs or renovations. A cash buyer will do those repairs and renovations themselves. So it’s really easy to sell to a cash buyer, and you can get a lot of money in the bank right away.
If you want to sell your house fast, we buy houses in days, not weeks. But let’s take a look at what goes into our valuations.
Property Valuation Reports
We have property software that gives us insights into what properties are worth. We want to buy your property for what we believe it’s worth on the market because we know we can add value through renovations and repairs. We are completely transparent with our offer process, so feel free to ask us about any questions you have regarding your final offer. But our goal is to get you cash in hand for a fair price.
Recent Comparable Sales
Just like a real estate agent, we will look at recent comparable sales in your area to see what similar homes have sold for. We’ll also consider any repairs or upgrades the home needs before we can resell it. These comparables help us get a feel for your local market. Some neighborhoods are higher priced than others. Some neighborhoods are accelerating in price faster than others. Comparables are true market values rather than just raw hypotheticals.
Negotiations
Once you get an offer, you can still talk to us. Are there things you disagree with? We are always transparent with how we arrive at our offer.
How Can You Know You’re Getting a Fair Offer?
The easiest way to make sure you’re getting a fair offer price is just to ask. Your cash buyer will explain how they got to that number. You can also do your own comparison research, or hire a realtor to get an appraisal.
We Buy Houses! Sell Your House to a Cash Buyer Today
You can sell your house fast with a cash buyer like us at We Buy Houses Philadelphia. Do you want to spend the next few months paying the mortgage for a property that you don’t even want? Or do you want to walk away free and clear with money in the bank? Contact us today to schedule a walkthrough and get your no-obligation cash offer.