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The Quickest and Most Convenient way to Get Cash for Your House!
If You Want Get a Cash Offer
Our Basic Formula Is Pretty Simple!
In essence: Purchase Price = ARV + Repairs + Closing Costs + Spread
Let's break this down and explain each portion in more detail.
Offer
This is the purchase price that we offer to you in the contract. It is the price or number that we need to be at in order to close the deal and that both the buyer (us) and the seller (you) come to an agreement with in order to sell your house fast!
ARV – After Repair Value
The ARV is the value that we think the house will sell for at perfect condition once all repairs to the property are complete by our general contractor. This includes things such as putting on a new roof, painting the house, installing new cabinets and appliances, updating the bathroom, putting in new carpet or refinishing the floors, or installing a new HVAC / heating and cooling system.
Closing Costs
The closing costs are items that we pay title companies in order to actually close on the house. There are many items that YellowBird needs to pay in order to both purchase the house from you and sell to an end buyer. Items include title fees, wire fees, recording fees, title searches, title insurance, deed stamps paid to the county and surveys. We also pay commissions when we sell the property as well, and while we are able to avoid these fees when we purchase the property by skipping agents and the hassle of putting your house on the market, we must go through all the hoops when we finally list the house and sell it to the new owners.
Spread
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