Home Selling Made Simple & Hassle Free
Home Selling Made Simple & Hassle Free
No Repairs, No Cleaning and No Commissions!
No Repairs, No Cleaning and No Commissions!
Hi there, my name is Spencer and I am the owner and buying manager at Raleigh Durham Home Buyers. We buys both houses AND land in the RDU area and all over North Carolina. My goal is to to walk you through the entire process of getting your no-obligation, 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 you.
Hi there, my name is Spencer and I am the owner and buying manager at Raleigh Durham Home Buyers. We buys both houses AND land in the RDU area and all over North Carolina. My goal is to to walk you through the entire process of getting your no-obligation, 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 you.
If you prefer to talk to a live person, feel free to call me at my direct line at (919) 244-2063 .
If you prefer to talk to a live person, feel free to call me at my direct line at (919) 244-2063 .
Cash For Your House in 3 Easy Steps... Here's How!
Cash For Your House in 3 Easy Steps... Here's How!
Fill in the form below with your email and the property address, and we'll get the process started within 24 hours!
Fill in the form below with your email and the property address, and we'll get the process started within 24 hours!
Once we have the info from the form above - we'll begin our research and make you an offer right away
Once we have the info from the form above - we'll begin our research and make you an offer right away
Take your time to decide which option is best for you - and if you choose us we can close in as little as 7 days
Take your time to decide which option is best for you - and if you choose us we can close in as little as 7 days
Want to Know More? More Details Below!
Want to Know More? More Details Below!
To sell your home fast for cash in Raleigh and the surrounding area, we encourage you to educate yourself before you decide your best options. Both on the process of selling to us but also on all your selling options.
What follows next is a fully detailed explanation on how the entire house buying process works from beginning to end. Please read through this as this article will make you the expert on the topic.
What is a Cash Home Buyer?
What is a Cash Home Buyer?
A cash home buyer is an investor that is interested in buying your house for cash without the need of a loan from a bank. Because the investor doesn't need a mortgage, there is no need for agents, inspections, repairs, appraisals etc... This is how and why the process can go so fast when you use a Cash Home Buyer. Eliminate the fluff and middlemen.
A cash home buyer is an investor that is interested in buying your house for cash without the need of a loan from a bank. Because the investor doesn't need a mortgage, there is no need for agents, inspections, repairs, appraisals etc... This is how and why the process can go so fast when you use a Cash Home Buyer. Eliminate the fluff and middlemen.
Cash Home Buyer vs. Local Agent
Cash Home Buyer vs. Local Agent
Which One is Right for Me?
Which One is Right for Me?
Selling a house is a big deal! Which is exactly why you should always take the time to look at all of your options to see which is the best way to reach your goals.
Selling a house is a big deal! Which is exactly why you should always take the time to look at all of your options to see which is the best way to reach your goals.
A real estate agent will almost always be able to get you a higher "top line" sale price compared to a cash buyer, but that doesn't always mean there will be more money in your pocket - and selling a house through an agent can be a MAJOR headache.
A real estate agent will almost always be able to get you a higher "top line" sale price compared to a cash buyer, but that doesn't always mean there will be more money in your pocket - and selling a house through an agent can be a MAJOR headache.
How Do We Determine Our Offer Price?
How Do We Determine Our Offer Price?
Your Offer = After Repair Value - Our Expenses
Your Offer = After Repair Value - Our Expenses
What is After Repair Value? Great question!
What is After Repair Value? Great question!
After Repair Value (ARV) is what your home would be worth if HGTV came in and did a COMPLETE remodel to your home. Picture a whole construction crew coming in and putting in new granite countertops, stainless steel appliances, sinks, toilets, baths, showers.... you get the idea!
After Repair Value (ARV) is what your home would be worth if HGTV came in and did a COMPLETE remodel to your home. Picture a whole construction crew coming in and putting in new granite countertops, stainless steel appliances, sinks, toilets, baths, showers.... you get the idea!
What are our expenses? Here are a few!
What are our expenses? Here are a few!
The Cost of Repairs: After a quick walkthrough of the home, we will be able to estimate what it will cost to get your home to the "After Repair Value" mentioned above. If your windows and bathrooms are all state of the art, these will be deducted from our estimated costs (meaning we can offer MORE money!)
The Cost of Repairs: After a quick walkthrough of the home, we will be able to estimate what it will cost to get your home to the "After Repair Value" mentioned above. If your windows and bathrooms are all state of the art, these will be deducted from our estimated costs (meaning we can offer MORE money!)
Our Selling Costs: After we've done all the remodeling, we have to sell the houses ourselves (which isn't free for us either). We'll almost always sell a completely remodeled house on the market which involves paying our agent, paying the buyer's agent, and paying the bank their closing costs. After it's all said and done, we usually end up paying the agents and the banks about 10% of the final sale price.
Our Selling Costs: After we've done all the remodeling, we have to sell the houses ourselves (which isn't free for us either). We'll almost always sell a completely remodeled house on the market which involves paying our agent, paying the buyer's agent, and paying the bank their closing costs. After it's all said and done, we usually end up paying the agents and the banks about 10% of the final sale price.
Holding Costs: Depending on the situation of your home, remodeling the property can take several months to completely repair, remodel and sell on the market. The utilities, insurance, taxes and other miscellaneous charges can really add up - this is usually one of the big reasons our clients work with us, these costs can be a nightmare!
Holding Costs: Depending on the situation of your home, remodeling the property can take several months to completely repair, remodel and sell on the market. The utilities, insurance, taxes and other miscellaneous charges can really add up - this is usually one of the big reasons our clients work with us, these costs can be a nightmare!
Profit: We'll shoot you straight - we aren't in business to lose money. Our goal is help you solve whatever issues you may have, and to make an honest living while doing it.
Profit: We'll shoot you straight - we aren't in business to lose money. Our goal is help you solve whatever issues you may have, and to make an honest living while doing it.
Our Formula: After Repair Value - Cost of Repairs - Selling Costs - Holding Costs - Our Profits = Your Offer
Our Formula: After Repair Value - Cost of Repairs - Selling Costs - Holding Costs - Our Profits = Your Offer
Real World Example
Real World Example
We get it - theory is nice and all, but let's see how this works in a real situation.
We get it - theory is nice and all, but let's see how this works in a real situation.
Let's say you live in a neighborhood that was built in the year 2004. The houses are all a little different, but by and large they are all about the same size with the same number of beds and baths. Let's also pretend like your neighbor was just on HGTV and they did a COMPLETE remodel of their home. We're talking a brand new roof, kitchen, bathrooms, flooring, HVAC, appliances... the whole 9 yards.
Let's say you live in a neighborhood that was built in the year 2004. The houses are all a little different, but by and large they are all about the same size with the same number of beds and baths. Let's also pretend like your neighbor was just on HGTV and they did a COMPLETE remodel of their home. We're talking a brand new roof, kitchen, bathrooms, flooring, HVAC, appliances... the whole 9 yards.
After all of this work, they were able to sell the house for $300k. $300k would be your home's After Repair Value (ARV) because your neighbors house is the same size, built in the same year, is in the same neighborhood and has been fully upgraded with 100% of the bells and whistles.
After all of this work, they were able to sell the house for $300k. $300k would be your home's After Repair Value (ARV) because your neighbors house is the same size, built in the same year, is in the same neighborhood and has been fully upgraded with 100% of the bells and whistles.
So your neighbor's house sells for $300k at the HGTV level, and you speak to a real estate agent who estimates they can sell your house for $200k. Let's compare how the process would look selling your house to us, versus selling through a typical agent.
So your neighbor's house sells for $300k at the HGTV level, and you speak to a real estate agent who estimates they can sell your house for $200k. Let's compare how the process would look selling your house to us, versus selling through a typical agent.
Keep reading to see the head to head comparison using these exact numbers working with an agent versus our team.
Keep reading to see the head to head comparison using these exact numbers working with an agent versus our team.
Head to Head
Head to Head
Selling Through an Agent vs. Raleigh Durham Home Buyers
Selling Through an Agent vs. Raleigh Durham Home Buyers
Agent
Agent
Your Agent's Target Sale Price AS IS: $200k
Your Agent's Target Sale Price AS IS: $200k
Sale Price: $200k
Sale Price: $200k
Agent Fees (6%): $12k
Agent Fees (6%): $12k
Closing Costs (3%): $6k
Closing Costs (3%): $6k
Buyer Negotiations / Requests* (3%): $6k
Buyer Negotiations / Requests* (3%): $6k
Your Take Home: $176k
Your Take Home: $176k
As you can see, your best-case scenario is that you have $176k in your pocket after months of work, not to mention the potential for buyers to back out last minute and you having to start the process all over again!
As you can see, your best-case scenario is that you have $176k in your pocket after months of work, not to mention the potential for buyers to back out last minute and you having to start the process all over again!
*Buyer Requests can be anything from additional home inspections, repair requests, home warranty agreements, any number of things that can really add up throughout the selling process!
*Buyer Requests can be anything from additional home inspections, repair requests, home warranty agreements, any number of things that can really add up throughout the selling process!
Us
Us
Using $300k as our ARV we have the following:
Using $300k as our ARV we have the following:
After Repair Value (ARV): $300k
After Repair Value (ARV): $300k
Cost of Repairs (COR): $70k
Cost of Repairs (COR): $70k
Our Selling Costs: $30k (10% of $300k)
Our Selling Costs: $30k (10% of $300k)
6 Months of Holding Costs: $10k
6 Months of Holding Costs: $10k
Our Profit: $20k (Spread over 6 months this equates to $3.5k per month)
Our Profit: $20k (Spread over 6 months this equates to $3.5k per month)
$300 - $70 - $30 - $10 - $20 = Final Cash Offer of$170
$300 - $70 - $30 - $10 - $20 = Final Cash Offer of$170
Final Cash Offer and Your Take Home: $170k
Final Cash Offer and Your Take Home: $170k
Decision Time!
Decision Time!
Is an extra $6k worth the months of effort and headache to sell your house with a traditional real estate agent? If so, more power to you! However, if you want your money in less than 30 days or don't have the time to show your house on the market - click the link below to inquire about what our team can do for you!
Is an extra $6k worth the months of effort and headache to sell your house with a traditional real estate agent? If so, more power to you! However, if you want your money in less than 30 days or don't have the time to show your house on the market - click the link below to inquire about what our team can do for you!
Remember, if we aren't the right buyer for you we will tell you... not only that but we will help point you towards the resources that will be most useful to you. So click the link below and let us help you sell your home!
Remember, if we aren't the right buyer for you we will tell you... not only that but we will help point you towards the resources that will be most useful to you. So click the link below and let us help you sell your home!
Get Your Cash Offer Today!
Get Your Cash Offer Today!