How Do I Sell My House In Florida Fast For Cash?

We Offer Cash For Your FL House Fast. Here’s How…

By removing the middleman (banks, inspectors, agents, etc) and by paying you cash directly from our bank account we make things a lot less complicated. We make selling your home as easy as

THE EASY WAY TO SELL YOUR FL HOUSE.

Told You…Easy As

Still Have Questions?

We’ve explained the steps involved, but what exactly goes on behind the scenes?

If you want to sell your home in Florida fast for cash, we recommend you educate yourself before you decide on what your best options are.

What follows is a well thought out, extra detailed explanation on how the entire buying process works from beginning to end. Reading this article will make you the expert on the topic of cash home buyers like us.

I Want To Sell My FL House

What Info Will You Need From Me?

So you’ve decided to reach out to us – great 🙂 All we need are the basic details about the property including the beds and baths and any information about any mortgages, liens, violations, etc – as much information as you can remember. This usually takes about 5-10 minutes. If you don’t know a lot of this information, that’s okay! After we sign the purchase agreement, we’ll find out about any liens/violations/mortgages when we order a lien and title search on the property.

Can I Get My Cash Offer Right Away Over The Phone?

In most cases, yes we can make the cash offer right over the phone. We’ve been in this business long enough to estimate the amount of repairs the house will need after we close. This also helps our sellers make their decisions to sell to us or through another option much easier without having to schedule walkthroughs and without having to jump through hoops in order to get an offer from us.

Are You Going To “Lowball” Me?

I’m glad you asked! The short answer is no. It’s in our best interest to make fair offers that sellers would accept because that means we can buy more houses and stay in business. However, the offer would not be for the full market value of the home. This is because when we buy houses, we need to be able to factor in our profit and the costs associated with renovating and selling the houses we buy. Continue reading on to the next section to learn how we calculate our offers.

How We Calculate Our Offers

The Sell Fast Center has a simple way of calculating offers. We calculate our offers based on 4 things:

The “After Repair Value” (ARV) of the property

This is what the property will be worth on the open market after we invest our money into the rehabilitation of it and finish renovating it – just like what you see on HGTV. In other words, this is our selling price.

The estimated “Cost of Repair” (COR) of the property

This is what it’s going to cost to repair and renovate the property to current market standards. Things the property needs like a new roof, flooring, cooling systems, etc are included in this estimate.

Our holding and selling costs of the property

These are the costs associated with holding the property while we are renovating and the costs of selling the property after we finish renovations. Even though you don’t get charged Real Estate Agent commissions or fees when we buy your house, we still have to pay them after we finish renovating the house and resell it. This includes Agent commissions, taxes, closing costs, etc and usually amounts to 10% of our total selling price or ARV. Remember, since we are buying the house directly from you, these are costs you don’t have to pay! 😉

Our minimum required profit on the property

As much as we want to buy properties for the fun of it, we do still need to pay our bills and feed our families. We make our profit after we resell the properties we buy and after we complete all the renovations and rehab. This usually amounts to 10% of our total selling price or ARV. We keep this to the absolute minimum so we can pay the most for your house and do as many deals as possible.

Umm…Can You Repeat That In English Please??

Some people may find that a little confusing. So, here’s a breakdown of that in simple terms:

Market Value – Repairs – Our Minimum Profit = Your Cash Offer!

There you go! Now even you can go out and starting investing in real estate just like we do. Want to see a real-life example?

CASE STUDY

See the formula in action on the house we bought at 4420 SW 25th St West Park FL 33023:

The Seller

Mr St Clair called us from a marketing letter he received from us in the mail. At the time he was living in the caribbean islands and wanted to sell all his investment properties since he was planning on staying in the caribbean. He didn’t want a bunch of people walking through his home or realtors doing a bunch of showings because he wasn’t around to supervise so he decided a fast cash sale from a real estate investor was his best option – and he called us!

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The House

The house needed quite a bit of work since it had not been updated since the day he bought it. The bones of the house were in decent shape, but it needed a full rehab including a new kitchen and new bathrooms.

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The Numbers

Similar houses in the area were selling for about $270,000 so we calculated an offer of $180,000. Here’s how we got to his offer:

ARV (After Repair Value) = $270,000

COR (Cost of Repairs) = $35,000

Holding Costs & Selling Costs = $25,000

Our Minimum Profit = $27,000

Mr St Clair’s Cash Offer = $180,000

Our seller was satisfied with our cash offer of $180,000 and signed the agreement via e-signature from his home in the Caribbean Islands – we closed 2 weeks later.

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In the end…

The project took a total of 3 months. We spent $37,000 on repairs and sold the renovated property for $270,000 with a final profit of $28,000. Our estimates came out almost perfectly on this one.

What Happens If I Accept Your Offer? How Long Does The Closing Process Take?

As with all “Cash For Houses” companies, the closing process usually takes about 2-4 weeks. We can make that timeframe faster or slower depending on what works best for you. Here’s a breakdown of the closing process:

Open Escrow & Order Inspection

You’ve decided to sell your house to us – Congratulations! Now we send you the 4-page purchase agreement via Adobe Sign for electronic signature so you can sell your house no matter where you’re located. We email the signed agreement to the Title Company so they can order the Lien Search and Title Search. Then we schedule a time for us to do a quick walkthrough of the property to make sure our repair estimates correct (they usually are 😉 )

Timeframe = Normally Within 24-48 Hours

Review Lien & Title Search

After we receive the Title Search and Lien Search from the Title Company, we need to review everything and make sure everything comes back clean. If there are any issues, we make sure to address them. For example, if there are any open permits, we will go to the county and have them closed. Or maybe some liens or violations were discovered that we weren’t aware of, we’ll take care of it. We have creative solutions to just about any situation that pops up.

Timeframe = Normally After 1-2 Weeks

Schedule Closing & Get You Paid

After all the issues have been dealt with, we can move forward to scheduling your closing. If you are not local, we can send a mobile notary out to you and have the closing documents mailed back to us. Remember, you get to decide which closing date works best for you. Once all the closing documents have been signed, the cash is either wired to your account or a certified cashiers check is mailed out to you the same day.

Timeframe = Normally 1-7 Days

Compare The Numbers & See Why Our Offers Are Better

When you sit down and work out and compare the numbers in the different options you start to see the pros and cons that each way of selling your Florida house provides whether its selling to us for a fast cash offer or listing with a real estate agent.

Yes, while we won’t be able to offer you full retail market value for your house…the benefits we offer still make us a better option than going the traditional route with a Listing Agent to get your home sold in FL.

Selling To Us VS Listing With A Realtor:

We Are Cash Home Buyers In Florida

The Sell Fast Center LLC “We Buy Houses In Florida” buys houses in Florida. We are House Cash Buyers in FL. We remove all the hassles that come with selling your house the traditional way. We use our own cash directly from our own bank account so we do not rely on bank approvals to buy your house. We buy As-Is and we can close quickly. Don’t worry about fees and commissions because we are not Agents and we do not list your house. We are SERIOUS Cash Buyers and we are fully prepared and ready to buy your FL house and close immediately! It all starts by filling out the form.

SUGGESTED PAGES

enter the image/caption links to our other pages here like about us, our company, home page, get a cash offer, and faq’s.