Online Quote For Instant Offer To Sell Your House Colorado

Selling your house for cash is a good idea because:

1. You don’t have to make any repairs.
2. NO Realtors or real estate agents
3. NO agents mean NO commissions, which will save you thousands or tens of thousands in realtor commissions!
4. You pick the closing date!
5. Cash buyers often cover closing costs.
6. A cash sale means the home buyer isn’t getting a mortgage.
7. NO Mortgage means no bank fees, no lender requirements.
8. Selling for cash is the fastest way to sell. 

Selling you house for cash gives you all of those benefits. The benefits of a cash offer and cash sale are possibly more beneficial if you need to sell because:

1. You are behind on mortgage payments
2. The bank has foreclosed on your house
3. The foreclosure is coming up, and your house will be auctioned off.
4. Selling inherited property and you don’t want to pay any more property taxes.
5. An inheritance that needs a lot of repairs and you don’t want to spend the cash.
6. Inherited house in probate, and you need money to cover expenses. 

Whatever your reason for needing to sell your home, selling for cash is often the best option – particularly if you need to sell your house fast. 

Of course, selling for cash isn’t for everyone. However, let us know if you want a fast, free, fair cash offer. We buy houses for cash. We buy houses in any condition, and in any situation too. We are ready to talk to you about the place you need to sell. 

A cash buyer for a house is a person or company that will buy a property for cash. A cash buyer will not need to get a mortgage or any type of loan to purchase your property. 

If you are unsure if the home buyer has the cash you could ask that they verify the money is in a bank account, available now.

We are the leading cash buyer in Denver, Co. We buy houses for cash. We buy as-is, and we close when you need to. 

What do cash buyers typically offer? 

Cash buyers will give you a cash offer based on current market values. However, they will also factor in the cost of repairing the property. 

Many professional home buyers will use a modified version of the “70% rule”. The 70% rule is a real estate investor’s way of determining how much their cash offer would be. This is how it works.

ARV x 0.70 – repairs = cash offer. 

ARV is the value of the house after it has been fixed up beautifully. 

0.70 = 70% AND

‘REPAIRS” is the amount of money the home-buying company will spend renovating the house. Let’s use a real example of a property that we recently bought. 

Let’s imagine a house that would resell for $560,000 after completely renovating. The renovation will cost $57,000. What would a cash buyer pay if they used the 70% rule? The home buyer would pay:

$560,000 x 0.7 = $392,000

Now we must take out the cost to repair it.

$392,000 – $=57,000 = $335,000.

Simply in this example, the cash home buyer would pay $335,000 to buy your house for cash. 

Do you want to know how this compares when selling the same house on the MLS with a realtor?

Cash Sale vs. Selling with Realtor 

Let’s take a close look at how much money you would walk away with if you sell your house for cash VS selling with a Real Estate Agent.

If you didn’t see you should check out how cash buyers come up with a cash offer. It is based on the 70% rule. This is not exactly how we come up with offers, but it gives you a small look into the Cash Home Buyers industry (see FAQ: Do cash buyers offer less?)

We will use a house with an ARV of $500,000. Other numbers we will use to  work out how much cash you would pocket include:

• Buyer agent commission – 3% (pretty standard)
• Seller agent commission – Also 3%
• Rehab cost:
  • $57,000 for us
  • $102,600 for the seller (homeowners pay roughly 80% more for rehab than a professional home buyer would pay for the same repairs).
• ARV: $500,000
• Closing costs: 1-3%

Jump to the table for an overview of realtor vs. cash home buyer.

Here are the results. 

This is how much cash you would get if you sold your $500,000 house with a realtor. 

$352,400.00. This accounts for commissions, closing costs, and repairs. 

If you sold to a cash home buyer that used the 70% rule, you would get paid $293,000.

PLUS, when you sell to us, you don’t have to deal with any headaches, realtors, stress, mortgage companies, or even have to clean. We make selling your house fast, easy and profitable.