We make a fair offer based on the features and condition of the property, the time and cost to make repairs to get the house to top retail condition, and local market conditions including sales of comparable houses in your area. We pay cash and don’t ask you to pay for any repairs or closing cost so our offer will typically be below an appraised or market value if you sold your home a more traditional way by making repairs and listing on the market for several months. This may get you a higher sale price but typically the amount you net (amount you take away at closing) is typically 82-88% of the sales price due to real estate commissions, buyer closing cost/fees paid by the seller, repairs, holding cost, etc. What we offer you is what you net and get in your pocket at closing (less any loans or taxes owed on the property).
Do you pay fair market (appraised) value or how do you determine your offer?
