So You Want To Sell Your House Fast in CT For Cash!
And Want a Fantastic Offer? Wondering “How do I sell my house fast CT for cash?”
Are you thinking all these text messages from CT house buyers will offer you an insultingly low number for your house?
Connecticut home-buying companies boast fair offers, offers in 24 hours, and some even give offers without even setting foot in your property.
Yeah… right!
Believe me, they will not err in your favor. Those offers are not solid or they are very low offers! But who cares how they do it? You would have to study CT real estate to know if these are fair or not.
Let us show you how we do it!
Fast Cash Offer Request
So… How Do You Make My Offer?
We will tell you this right now, and upfront:
No “Low-Ball” Offers!
It’s In Our Best Interest To Give You Our Highest Possible Offer.
There are always those that will try to give you the lowest possible offer. This doesn’t make any sense to us. We spend time and effort doing your home analysis so the question, of how to sell my house fast CT is no longer an issue for you. We spend time and money driving to properties all over Connecticut.
All these services are 100% FREE to you! No one will accept a low offer and we would have spent so much time, money, and effort for nothing.
Therefore,
We stay in business by getting our offers accepted, and the only way to do that is to give offers you’ll be happy with! We truly do our best to give you the highest possible offer we can give. Now you know why we have such raving reviews!
Our offers are based on the projected “After Repair Market Value” of your home! This simply means we look at what the value of your home would be, completely fixed up. Based on this value we will formulate our offer to you!
How?
I am Glad you asked!
Imagine…
Imagine you have a house (how about the house shown below) that you want to sell…
Now, also imagine your neighbor, (as in the house right over your fence) has the exact identical house as yours, except for a few upgrades he made… say, he added granite countertops, removed wallpaper, applied a fresh coat of paint, put a new roof on, and put hardwood floors in.
Now Imagine he sold his house for $300K.
What Do We Know Now?
Well… ,
– we know, that If we make the same upgrades to your house (bringing your house to a very similar condition as your neighbor’s house), we would also be able to sell your house for $300K.
Correct?
Therefore,
We know the Market value of your house if we fixed it up (in this case $300K), and we know the cost of repairs/upgrades.
We can now make an offer that works for us. If this offer also works for you, great we close 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.
Sell My House FasT CT – The Offer:
For those Math lovers, you will appreciate this section. We value honesty and transparency. We have no issues sharing with you how exactly we formulate our offers.
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
But in order for you to understand this we need to define some terms.
After Repair Value (ARV): This is what the market value of your house will be AFTER we buy and renovate the house. Yup we are just like your favorite HGTV flipping show.
Cost Of Repairs (COR): This is what our cost will be for fixing/updating the house AFTER we purchase it from you.
Our 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.
English Please!!
So what does this formula mean in English?
Simply this:
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! But want to be sure you understand it?
In order for us to also be able to sell my house fast in CT (well, our house after we buy it from you) for $300K, we need to bring your house to the same condition as the house of your neighbor, or better, so that we can also sell it for $300K!
Why?
Because we will not be able to sell the house in its current state for $300K when all the other houses that are currently for sale in your area look as gorgeous as your neighbor’s. Would you as a buyer be interested in buying a house in lesser condition for $300K when a much nicer house sells for the same price? No, of course not!
OK, if the house after it is completely fixed and updated would sell for $300K, how much would it sell for, as is? Let’s say you contacted an agent and she/he says, that your house as is, in its current condition is worth $190K.
Now you have contacted the most awesome, friendly, amazing, highest-ranking house buyers in all of Connecticut… (us.. duh)! If you have not,… well, shame on you, you really should!
We would come in, with our contractor. We bring our contractor and our agent to the walkthrough so that our agent tells our contractor what needs to be fixed (as he/she knows what buyers are currently looking for) and what does not need to be fixed (to save on the cost of repairs). Then our contractor gives us an accurate COR (Cost Of Repairs). The more accurate these numbers the more accurate (and the higher) our offer will be!
Our agent tells us, that we need a new roof, because the neighbor across the fence that sold his house for $300K, also just did a new roof, as well as hardwood floors, removing wallpaper, installing new appliances, etc. Let’s say our contractor gives us a cost of repairs of $70K
Now we are ready to make you an offer! Here are the numbers:
As-Is Value = $190K
ARV (After Repair Value) = $300K
COR (Cost Of Repairs) = $70K
Our Selling Cost = 10% x $300K = $30K
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 = $300K – $70K – $30K – $40K = $160K
Your Offer = $160K
Analyzing The Offer
So, the house is worth $190K as is, meaning if you listed it with an agent you could sell it for $190K. Yet after 6% agent fees and closing costs you would probably get about $174K for it, after it will be on the market for 4? 5? months! And no one can guarantee the house will actually sell.
So now you have to make a decision.
Sell it for a guaranteed sale for $160K in as little as 10-20 days, or a “maybe sale” for $174K hopefully within 4 to 5 months.
~Decisions, decisions..
BUT WAIT!!!
What If The Cost Of Repairs Was $30K Instead Of $70K?
Now things get interesting! Now the offer becomes:
As-Is Value = $190K
ARV (After Repair Value) = $300K
COR (Cost Of Repairs) = $30K
Our Selling Cost = 10% x $300K = $30K
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 = $300K – $30K -$30K – $40K = $200K
Yup! That is $10,000.00 MORE than what the house is currently worth, and almost $30K more than what you would get if you had listed it with an agent (remember that you would only get $174K after all listing and agent fees). Again, our offers are based on the numbers, not on how desperate you are to sell.
Why Our Offers Are Better to Sell My Home Fast in CT.
Yes we know, we know. Everyone says this. But we will do better. We will show you why this is true, or at least we try to make this true!
See, the reason our offers are so fantastic, is that our offers are based on the value of your house as if it were completely fixed up and updated. Yes, we figure out how much your house would be worth if it was completely updated. Then we factor in the cost it would take to fix or update your home.
Secondly,
You see, here is where the cost of repairs comes in. If we can keep the cost of repairs down, we can obviously sell my house fast CT, and get you more cash, as previously explained using our equation above.
So,… we try to do as much work ourselves so that we do not have to pay expensive contractors to do everything. Well, isn’t that nice of us!
Obviously, we can not always do this as we buy so many houses at a time, but we can genuinely try to keep contractor numbers as low as possible so we can get you the highest number for your house in cash here in Connecticut.
Why do we go out of our way to give you the highest possible offer?
Well, think about it! If we can give you more than our competitors can, you will sell to us. And that is what we want. The more houses the faster we can help others with our mission.
Put our experienced team to the test, and allow us to transform your management experience!
Also, feel free to call us anytime at (877) 283-6625. Fill out the form below to get a free property rental audit and introduction to our management services.
Areas We Serve
Besides Bridgeport, we also serve the following areas: Hartford, Waterbury, Hartford, New Haven, Stamford and Norwalk Connecticut.
