How Do I Sell My House In New Jersey For Cash?
Our Cash Offers Are Based On The After Repair Market Value Of Your House!
How much cash we offer for your house is obviously a big question you’d like answered. Here on this page, we will explain the entire process, how we buy houses in cash, first through a quick overview, then followed by a more detailed actual breakdown of an offer we have recently made a homeowner just like you.
Selling Your House In NJ Is As Easy As
Selling your house doesn’t have to be complicated. We make it simple for you! All you have to do is either fill out our form or give us a call at (609) 635-2929 if you prefer to talk to a live person. Don’t worry we always give a free no obligation offer.
Fill Out the Form
Fill out the form and we will contact you to discuss your home in further details.
Get Your Cash Offer
Once we go over all the details, we will send an accurate and fair offer for your home.
Get Paid
Pick your date for closing to receive your CHECK! We will pay you CASH in full!
Get Your Free Offer TODAY!
What Are You Waiting For? Get Your Offer Today!
Hi, I am John and I am here to ensure you get the assistance you need to sell your home fast! When you fill out the form you will be speaking to me personally.
How Do You Come Up With Your Offer?
We use a simple but accurate and reliable equation when calculating your cash offer! We promise to always provide our clients with the best cash offer.
After Repair Value (ARV) – Repairs – Selling Cost – Minimum Profit = YOUR OFFER!
Let us help you understand the process:
After Repair Value (ARV): The projected value of your home after it has been repaired, renovated, or updated.
For example, your neighbor with the same house size and floor plan as yours just recently sold for $300,000. However, the neighbor has recently renovated the home by redoing the kitchen, bathrooms, floors, paint, and a new roof. We will assume that your house would also sell for $300,000 if it has been updated like your neighbors.
Repairs: The total cost it would take to repair and renovate your home to bring it up to market value. (Includes labor, materials, design, permits, etc.)
Selling Cost: These are any of the costs that we incur while in the remodel phase of the house such as fees, advertising costs, taxes, insurance, any commission paid to realtors. *These are the fees you will be saving yourself from paying when you sell your home to us!
Minimum Profit: What is left after we deduct expenses including the purchase, reno, selling & acquisition costs.
Let’s Look At a Real Life Example!
After Repair Value = $300,000
Current “As-is” Market Price = $225,000
Repair Costs = $45,000
Selling Costs = $25,000
Our Minimum Profit For This Deal = $30,000
This is a recent example from a house we purchased in Mercer County, NJ. The seller consulted with a realtor on selling their home and they stated the current “as-is” market value is $225,000. Now, let’s assume we can sell your house for $300,000 after we complete the remodal. After viewing your property, we can estimate that it will cost around $45,000 to get your house in the same condition as the neighbor down the street who just sold their house. Our selling costs average 10% of the after repair value (ARV).
[$300,000] – [$45,000] – [$25,000] – [$30,000] = $200,000
Why Would I Sell My House To You For $200,000 When I Could Sell It On My Own?
By selling your home to us for cash, you will be eliminating the need to do any extensive repairs or cleaning! We understand the struggle and emotional stress of homeowners dreading the day they need to clean out their home or the financial stress of repairs. In addition, you are able to sell your home FAST compared to the long process of completing renovations, listing the home, several weeks with no offers or showings. Then, when all is said and done (months later), you will owe the realtor about 6% of the sales price – which would be $13,500 on a $225,000 sale.
Why would I sell my house to you for $200,000 when I can use an agent?
Because agents take commission! Plus, most home buyers will make requests for repairs and typically request closing costs (avg 2%). So let’s take a look at what you would net after selling your home for $225,000.
Selling Price = $225,000
Commissions (avg 6%) = $13,500
Closing Costs = $4,500
Misc. Repairs = $3,100
Your Net Amount = $203,900
So the question is, do you want to guarantee a fast home for cash sale? Or do you want to take a chance and list it on the market? Keep in mind, while your home is sitting on the market – you continue to pay the mortgage, utilities, taxes, insurance, etc! Is all of that worth the extra $3,900?
Ready To Move Forward With Us?
For this exact house, the seller accepted our offer. They needed to sell fast, didn’t want to deal with agents, and they wanted the least amount of hassle.