How Do I Sell My House Fast For Cash?
We Offer Cash For Your NJ House Fast. Here's How…
By eliminating the middle person, (agents, banks, inspectors, etc.) and by simply paying cash we can significantly uncomplicate things. We can truly make buying your house as easy as 123.
Cash For Your House. Here's How...
Hi there, I am Sarah, and I am one of the acquisition managers here at "WBHIC". I will be your guide, walking you through the entire process of getting your no-obligation-to-accept, all-cash offer started. Don't worry, it is all free without any cost involved and without any obligation to accept any offer we make to you. If you rather talk to a live person feel free to call me at my direct line at 609-379-3067
Selling Your House Is Easy As 1-2-3
Fill In The Form To Get Started
We'll Call To Schedule An Appointment
Receive Your NO Obligation Cash Offer
Cash For Your House. The Details...
This explains the steps involved, but what exactly goes on behind the scenes?
To sell your home fast for cash in New Jersey, we encourage you to educate yourself before you decide what your best options are. What follows next is a well-thought-out, fully detailed explanation of how the entire house-buying process works from beginning to end. Please read through this as reading this article will make you the expert on the topic.
Here's What You'll Need:
Internet access
An email address or phone number
Computer or a phone
But, First....
Let's identify a legit cash home buyer
What Is A Cash Home Buyer?
A cash home buyer is any person, company, or entity (usually a real estate investor), capable of buying your house in cash without the need for financial support from banks, lenders, or other 3rd party financial institutions. As the purchaser is providing their own money, they are the final decision makers thus eliminating the need for approvals or inspections from 3rd party institutions, drastically speeding up the transaction. Here are 5 easy steps to get your house in NJ sold fast
How To Find A House Cash Buyer?
You’re in luck because finding a house cash buyer couldn’t be more straightforward. The most common method for finding cash home buyers is by doing a Google search for: “We Buy Houses [yourCity] [yourState]“, “Sell My House Fast [yourCity] [yourState], or “Cash For My House In [yourCity] [yourState], and choosing the top ranking results underneath the ads.
The ad results often are not reliable or reputable as people simply pay to be on top. They are not on top because they are reputable. (Ads can be recognized by the letters “Ad” preceding the Google listing).
Do Your Due Diligence
Not all cash home buyers are the same. The offer amount and thus the method used to arrive at your offer often differs significantly. For this reason, you should go over their website, visit their “How It Works” page, their “About Us” and/or “Our Company” Page, and make sure there are credible reviews from real actual people who sold their house to them.
What you are looking for is transparency, a neat, clean, and professionally polished website, clear explanations, and professionalism. The website is a direct reflection of them and their business. If a business owner doesn’t take pride in their website they don’t take pride in their business and may not be the wisest choice to do business with.
How To Sell A House Fast (Just 3 Easy Steps)
Selling your house can be a daunting task, especially when you need it sold fast. By selling your house for cash, you can drastically speed things up. This guide will walk you through the entire process of selling your house for cash to a cash home buyer from start to finish.
Submit Your Information
Once you find a reputable house buyer, it is time to get your cash offer started by submitting your information. The information needed from you is 1) a reliable way to contact you (usually a phone number or email address), 2) the address, and 3) some details on the current condition of the house and what repairs it needs, if any.
Schedule Your Appointment
When you receive the information, an appointment can be scheduled where you can meet the buyer, and walk through the property together. You can ask them any questions you may have and by the end of the walkthrough, your offer is presented and discussed. There should never be any costs associated with these services and the offer is a no-obligation-to accept offer. Most reputable property buyers understand that this is a critical time in your life and you have a big decision to make so more often than not, they would respect the need to think it over and you should have a cash offer-friendly attorney look over the contract.
Schedule Your Closing Date. Get Your Cash!
If the offer presented is to your satisfaction, you can set a date for closing. During closing, you will get the cash and that’s it. You sold your house for cash to a cash buyer successfully! Usually, it is the cash buyer who will pay for all closing costs, making sure the transaction is as attractive as possible for you, the seller.
So You Want To Sell Your House Fast For Cash!
... And Still Want A Fantastic Offer!
“We Buy Houses” companies will often try to give you the lowest possible offer. This doesn’t make any sense to us. Our team spends time and effort doing your home analysis so we can get you cash for your home. We spend time and money driving to properties all over the country. 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.
It's In Our Best Interest To Give You Our Highest Possible Offer.
“We Buy Houses In New Jersey” stays in business by getting offers accepted, and the only way to do that is to give offers you’ll be happy with! Our team truly does its 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 Your Home's
"After Repair Market Value"
This simply means we look at what the value of your home would be, completely fixed up. Based on this value we will formulate your offer! How Exactly?
Well, imagine you have a house that you want to sell…
Now, also imagine your neighbor, has the exact same, 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 (AFTER we buy it from you of course), bringing the house to a very similar condition as your neighbor's house, we would also be able to sell it for $300K.
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.
The Offer:
All you math lovers out there 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.
The "As-Is" Value
This is the current market value of your house, right now, where it stands, as it stands.
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% altogether of the 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 plain English? Simply this:
The offer will be the market value of the house (after we fix it up) minus ALL our costs fixing it up (including our profits). How simple is that? Congrats—now you are an expert at this! But do you want to be sure you understand it?
Here is an Actual Case Study
Let's Take An Actual House We Recently Bought And Share With You How It Happened.
Let's say this is your house in its current condition: Not bad right? OK, it could use a bit of sweet tender loving but not too shabby. It is just outdated…
Now remember, your neighbor with the exact same house as yours? He got a new roof, updated the kitchen and bathrooms, put granite in, removed carpets, and put in hardwood flooring. Well, this is what his house looks like after he made the changes:
Well, no wonder he sold it for $300K, it is gorgeous! WOW!
In order for us to also be able to sell your house (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!
So an obvious next question you'd ask would be:
If the house, once fixed and updated, would sell for $300K, how much would it sell as is?
Sell My House For Cash Or Should I List As It 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… (us.. duhhh)! If you have not,… well, shame on you, you really should!
We would come in, with our contractor and if we can, our agent. (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)).
Our agent: tells us, that we need granite countertops, because the neighbor across the fence who sold his house for $300K, also has granite, as well as hardwood floors, removing wallpaper, installing new appliances, etc.
Our contractor: gives us an accurate COR (Cost Of Repairs). See, we know exactly what we will do to the house the second we are done with the walk-through and we know exactly what all the numbers will look like.
The more accurate these numbers the more accurate (and the higher) your offer will be! 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:
This simply means we look at what the value of your home would be, completely fixed up. Based on this value we will formulate your offer! How Exactly?
As-Is Value = '$190K'
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'
As you can see, we play by the numbers. We do not make offers based on how desperate you may or may not be. We don't base offers on some percentage of the After Repaired Value (that is ludicrous). We simply add the numbers up trying our best to give you the highest possible offer we can make you, to make sure you will be happy, and thus to make sure the contract will be signed so that we can get our next flip going! Makes sense doesn't it?
An Actual Case Study (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..
What If The Cost Of Repairs Was $30K Instead Of $70K?
Now things get interesting! Now the offer becomes:
As-Is Value = '$190K'
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 = $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.
Contact Us
Areas We Serve
Hamilton Square, New Jersey
Hamilton Square 08620, United States
unlimitedwholesalehomes@gmail.com
609-631-5159