Sell Fast Connecticut
How We Work
How Does Our Purchasing Process Work?
Send us details about your house
Schedule a meeting to see your property and review the details.
We’ll quote you a reasonable offer in 1 day.
Close in 7 days and pay you cash
You will love our quick and easy our process
We buy houses in every area in Connecticut. However, several factors differentiate us from realtors. In fact, the only similarity we share with realtors is that we help homeowners sell houses. But we don’t list the properties on MLS. We buy houses directly. Hence, we can pay you cash and close ASAP without any financial contingencies. Plus, our all-cash offer goes straight into your pocket. So you won’t spend any money on commissions, repairs, or anything.
Selling to us is entirely different from selling through real estate agents. We close quickly and buy ANY kind of house as-is. Need a cash offer? Our team will send you an offer for your rundown house and settle the repairs.
How Do We Buy Houses Fast Connecticut
Our buying process is effortless. Once you request our NO COMMITMENT offer, we’ll send it to you within a day. Getting an offer is that straightforward. No commission, obligation, or realtors are involved in our purchasing process. Have questions about our procedure? Great! We’ll try our best to answer the common questions we’ve curated below. If you have any questions after going through this FAQ, call us!
In a bid to clear all confusion, here’s a list of FAQs
- How does our house purchasing process work?
- What factors do you consider for your quote?
- How do you calculate cash offers?
- What details do we need to process the home sale?
- How long does the whole process take?
Scroll down to find out answers.
How does our house purchasing process work?
We aimed for the most uncomplicated procedure. Hence, our approach is easy. We even give free cash offers without any obligations. Let’s shed more light on our process.- Complete our online form or call us at 860-777-1330 to speak with a real estate expert.
- When we get your details, our team will draft an honest all-cash offer with NO OBLIGATION.
- If our offer is a perfect fit for your situation, Great! Let’s get things underway. But if you have more questions, please contact us; we are always glad to clear your confusion.
That’s all there is when it comes to receiving a cash offer!
What factors do you consider for your quote?
Our team is an expert at determining the worth of your property. Consequently, we only deliver a competitive price. Considering how crucial your home is, we’ll strive to give the highest possible offer.
But to give you an excellent bid that checks all the boxes for you, we need to work with details about your pressing demands like:
- What prompted you to decide “I want to sell my home for cash.”?
- In your opinion, how much is your home’s worth?
- What is the current condition of your house?
- Your preferred sale timeline
How do you calculate cash offers?
Our Unique Home Buying Formula
We determine the cost of a house through a purchasing formula. For clarity, we’ll go over the four components of this approach. But first, what’s the formula?ARV – REPAIRS – MINIMUM PROFIT – TRANSACTION COST = FAIR CASH OFFER
ARV
ARV is an abbreviation for After Repair Value. It means the retail value of your house, provided it doesn’t need any repairs and appears attractive to potential customers. This ARV assumes there is no deferred management or any fixes required.
Repairs
Making repairs is a lot of risk. It’s subjective because you may discover more repairs while remodeling the house. For example, it’s not a rarity to discover a plumbing concern while renovating a bathroom. It’s also normal to discover a foundation issue while fixing the flooring. Consequently, we carefully inspect properties before making a quote. But that doesn’t guarantee an accurate estimate of necessary repairs. At best, we can make provisions for unforeseen repairs in our offer.
Transaction cost
The transaction cost consists of several kinds of expenses. For instance, the loan fees, which include interest-only monthly investment and loan origination fees, is charged by our lender. This cost is about 2-5% of the renovation costs. Therefore, the transaction cost is expected to be about 15% of the total cost.
Minimum Profit
We fend for our families through real estate. Moreover, we can only stay relevant and fund our marketing deals by making profits. Although our profit margin isn’t fixed, we always aim for 15% of the sale price. Nevertheless, we’ll also be cool with a 10% profit.
Our profit is at risk whenever we purchase a hoarder’s property because one error in the cash offer can eat up some of our gains. However, we can’t always have a perfect estimate for repairs. But we work cautiously while dealing with figures and rely on the 15% profit to provide a soft landing when unexpected expense sneaks up on us.
Your Fair Cash Offer
The total of our minimum profit and transaction costs amounts to 30%. Thus, ARV- 30% – transaction cost = You Fair Cash Offer. Our offers are predetermined and never change. You’ll get the exact amount in our cash offer when we close. That’s the allure of selling to a cash buyer.
Wondering how much we can offer for your house?
What details do we need to process the home sale?
- Condition: What’s the condition of your house? Do we need to make any repairs, or is it in good condition? If we need to make any repairs, we’d like to know what we need to replace.
- Situation: What situation do we have to be aware of? Tax liens? Bad tenants or a mortgage? We’d need this detail to make accurate decisions while buying your property.
- Mortgage: We can create a win-win situation where you walk away with some money even after we pay your mortgage. But if your mortgage balance exceeds your house's worth, we’d have to recommend other innovative solutions. Hopefully, you’re open to one.
- Tenants: Tenants could prove to be the bane of your existence. Hence, if you have any highly problematic tenants, we can help. Of course, evicting such tenants could take forever, but we are experts at handling such situations.