What’s the Process to Sell My House Quickly for Cash in Spokane?
Here are the 3 Simple Steps to Receive Your Cash Offer for Your Washington House.
You can initiate the process by either completing our online form or by calling us directly at: (509) 530-2088. We’ll immediately begin investigating your home’s specifics and commence working on an excellent offer tailored for you.
We’re more than willing to address any inquiries you might have and discuss your obligation-free cash proposal. The next step is entirely up to you. We put forward a reasonable cash offer, completely free of obligations and extra charges.
Select your preferred closing date, then relax as you await your cash payout. You can access the funds you require now. There’s absolutely no need for you to endure a 6 – 12 month waiting period to sell your house.
Are you sure it’s this straightforward?
You may have come across similar companies in your research, possibly even looked into their processes. Here’s how we stand out. Unlike most companies that prioritize gathering your information on their website and then decide whether to engage with you or not, we approach things a bit differently.
We’ve simplified the initial steps to kickstart the process. Numerous companies advertise cash offers for houses but seldom delve into their operational details. Therefore, we’ve dissected it (down to the minutest detail) for your benefit…
So far, you must have a good grasp of the critical steps involved in the process. The process itself is straightforward and speedy, but we’d love to provide an in-depth look at how every stage unfolds AND respond to some queries that we frequently encounter from sellers like yourself.
So far, you must have a good grasp of the critical steps involved in the process. The process itself is straightforward and speedy, but we’d love to provide an in-depth look at how every stage unfolds AND respond to some queries that we frequently encounter from sellers like yourself.
People Love Us, And So Will You
See why we have an A+ Rating with the BBB
You probably have a ton of questions like the ones below:
Our ultimate goal is to assist individuals, and to do that effectively, we need to understand your unique circumstances. The moment you contact us, we’ll pose a few inquiries concerning your condition and the state of your property. Understanding your requirements enables us to offer the best help. The fundamental data we require concerns the condition of the house, allowing us to calculate any necessary repair costs. Along with that, we’d like to understand your timeline for selling and learn how we can support you throughout this process. After all, our priority is to be there for you when you need us.
We’re pleased to see your curiosity on this matter. Like you, we’re not fond of unnecessary delays. In many instances, we’re able to provide individuals with an approximate estimate during our very first conversation. After that, we’ll visit the property to evaluate the required repairs and subsequently present you with a definitive written offer. The timeline for this largely depends on our current schedule, but we often manage to accomplish it all within a single day.
Not in the typical sense that you would expect in a conventional home sale. Traditional sales involve a certified inspector thoroughly examining the property, which is highly beneficial for potential home buyers but not for us, as investors. We usually take a mere 20 to 25 minutes to conduct a speedy tour of the house, which allows us to draft our offer.
On rare occasions, if we need to obtain a measurement or quotation following an accepted offer, we will always consult with you first. However, this is not a frequent occurrence, given our extensive expertise in calculating repair costs.
Certainly not (and we promise not to tell our painter we borrowed his phrase). There are two key reasons why we won’t lowball you. Firstly, it conflicts with our fundamental ethos of serving and assisting you. Secondly, you know the saying about running a business like a business to avoid going bust? If we were to deceive homeowners and provide lowball offers, we’d only manage to flip a few homes annually.
With a business model that focuses on volume, we purchase around 50 properties each year. Therefore, it is mutually beneficial to provide a fair offer that results in a win-win situation. We then apply the same approach with the next homeowner.
We won’t mislead you by claiming we can offer the full market value for your property. Unfortunately, no one can make such an offer and still turn a profit. However, thanks to our lean, efficient operations and established reputation, our proven methodology allows us to make higher offers than nearly any other similar firm.
Are you set for the disclosure of our secret strategy? The tactic that consistently has people scratching their heads, wondering why our offers consistently outstrip those of our rivals? It all begins with the After Repair Value (ARV). Almost everything we do as a company has an end goal in sight, much like how we discuss your requirements, identifying your desired outcome.
Let’s take a quick journey through our rationale. We’re going to buy your home with cash, expedite the closing, and then employ our professional team to refurbish it for a quick sale (ideally). People are attracted to homes that are modern and unused – think gleaming stainless steel and carpets that have never been tread on.
Keeping the final image of the house in mind, we then reach out to our realtor to compare sales of similar properties via the multiple listing service (MLS). For instance, we might say,
“Hello, Billy. We’ve got a 4-bedroom, 3-bathroom, 2800 sq foot property on a quarter-acre plot. It will boast a newly fitted kitchen and bathrooms, fresh paint and flooring, stainless steel appliances, contemporary light fittings, landscape improvements, and a new garage door in front of a freshly painted house.”
Using his expertise, Billy then provides us with the most comparable listings for recently sold properties in close proximity (usually within half a mile).
Now that we have our selling price (the After Repair Value), we can then use a straightforward calculation to deduce our fair cash offer. With years of experience flipping homes, and an understanding of how to ensure we all benefit, we’ve found this formula to be the most effective – and it enables us to present you with the maximum cash offer.
ARV (Estimated Value Post-Renovation) – Rehabilitation Budget – Selling Expenses – Profit = Our Cash Offer Let’s delve into what these terms mean!
Following that, we’ll illustrate how it all fits together and to assure you that we strictly adhere to this formula, we’ll examine an actual property we recently flipped in a real-life Case Study! ARV Drawing on years of home flipping expertise, we’ve established a method that enables us to present fair cash offers to homeowners. The process begins with calculating the After Repair Value (ARV) of the property, which is an estimate of the value after all necessary improvements and upgrades are made. We then deduct the projected cost of the renovations, the selling expenses (including commissions and closing costs), and our intended profit margin, which tends to be around 10% of the ARV.
Our profit may seem substantial to some, but it’s essential to sustain our business and to continue assisting homeowners. We’ve found that unexpected complications often emerge during renovations, underscoring the importance of a contingency fund for unforeseen expenses. To help you grasp our formula, let’s delve deeper. The ARV is the projected value of the home after all required repairs and upgrades are made. The rehabilitation budget encompasses the projected cost of these renovations. Selling expenses cover commissions, closing fees, and taxes, which we generally estimate to be around 10% of the property’s value. Our target profit margin also represents about 10% of the ARV. Transparency is a key tenet of our approach, which is why we ensure our cash offer is free from hidden charges or commissions.
We aim to offer a fair and honest solution for homeowners seeking to rapidly and efficiently sell their property. You might question why we target a 10% profit margin. The answer is that renovations often encounter unforeseen challenges, necessitating a contingency fund for unexpected costs. Despite having a set profit target for each project, we acknowledge that not all renovations go smoothly. We’ve dealt with unexpected hurdles in the past, but our extensive experience has equipped us to manage such situations. Our cash offer is precisely what it sounds like – the amount we can provide for your property, at a closing date of your choosing. We value transparency, which is why we don’t include any hidden costs or commissions. Our aim is to provide a simple and stress-free solution for homeowners who wish to sell their property swiftly and without hassle.
- Initiate the process of Escrow and Title opening
- If required, carry out inspections
- Go through Title Reports in detail
- Complete the signing of closing papers – receive your cash
Every individual’s circumstances are unique and we strive to adapt the timeline to best suit your needs. Whether you require us to close in 3 days or whether a span of 2 weeks or 2 months is more convenient for you, we’re flexible. Our approach is to accommodate the timeline that best meets your situation.
Due to the substantial volume of business we give them, we have excellent ties with several local title companies. This often enables us to expedite the process, if necessary.
Feeling a tad hesitant about commitment, are we? Just kidding 😃. Rest assured, we’ll be by your side throughout the process, guiding you at every turn. We’ve worked hard to make our processes as swift and seamless as possible for both you and us.
Upon signing the agreement, our title company typically needs some documentation from you. This is to gather payoff details and order title reports, ensuring you’re entitled to sell your property. Once you’ve provided these documents – which usually takes less than 15 minutes – your role is essentially done. You just sit back and wait until your chosen closing date.
The entire process, from beginning to end, has taken less than an hour for many of our clients. That’s quite the norm, actually. While we ensure efficiency, we also cherish the opportunity to build relationships and get to know our clients.
Case Study
Mike called us needing to sell fast as he already had another place rented. He had owned this home for years and a family member was living in it and let it get very neglected and there was a ton of deferred maintenance.
We spoke with Mike and made him a fair cash offer, and he requested 30 days to move out. He even left a bunch of items he wanted us to take to the dump for him. And huge shout out! He graciously gave us signed Steelers gear he didn’t want!
Our Goals With The Seller
Mike wanted to get out of paying for two properties and did not have the resources or time to fix up the house. He wanted about a month to pack up everything and get it moved out. He also wanted to leave a lot of stuff behind.
The Full Breakdown
We pulled comps on the home and determined when fully remodeled we should be able to sell around $360k. It would cost us about $36k in commissions and fees to resell the home and we did a walkthrough and estimated about $30k in repairs.
We made Mike an offer for $268k which Mike thought was more than fair given the condition. Our profit goal formula was as followed: $360k (After repair value) – $36k selling cost – $30k in repairs = $26k profit.
Here’s how the story fully unfolded. We ended up holding onto the home for 3 months to rehab the house. We ended up spending $45k on the repairs, we had 2 major appliances break, and the furnace go out in the short 3 months we owned it.
We bought this in September and sold this in January, once finished this still took 2 months to sell. What happened from September to December was incredible.
Because of the extremely tight demand, homes appreciated almost 7% in the 5 months we had this property so when we listed the property we actually got an offer for $385k (we ended up doing about a thousand dollars in requested repairs and providing a home warranty).
Here’s how the final numbers played out. Sale price of $385,000 – $45k in repairs – $38k commissions and closing costs = profit of $34k.
We ended up profiting slightly more than what we anticipated due to the extreme appreciation. Due to almost 10k in unexpected repairs this was a very unexpected blessing.
What’s the difference between selling to us or listing with a Realtor?
This is a question we ask almost everyone who calls. Listing with a Realtor can be a great way to go and sometimes is the best option. We will be totally honest with you and let you know what the price difference will most likely be, on our very first call. Below are some of the biggest differences between selling to The Easy Home Buyer for Cash and listing with and agent.
“I had an opportunity to work with Chad at Home Buyer and it was a very pleasant experience. They were extremely courteous, on time with all their dates and they were a joy to work with.”
James G, Seller from Spokane ⭐⭐⭐⭐⭐“I have been very blessed to work with Chad. He has been extremely helpful in the process of selling my home. I was going to move back to western Washington after my Mom died unexpectedly. He has been there for me every step of the way in this overwhelming process of trying to move with out any help. I recommend him highly.”
So Many People Can’t Be Wrong
You know all about the process now. And any other questions we would be more than happy to answer for you. The only step now is to fill out the form so we can actually get this process started. We promise this will be the easiest, most stress free and fastest way to sell your home. Click the button, 2 weeks from now you’ll be incredibly happy you did.
