How we make offers to buy your home
It's in our best interest to give you our highest possible offer.
Green Yard Homebuyers stays in business by getting offers accepted, and the only way to do that is to give offers you'll be happy with! I truly do my best to give you the highest possible offer.
Many Homes Need Some Renovations!
Most of the homes I buy need at least some type of renovations to them. Keep in mind - this can range from some simple touch ups to full renovations.
Offers Are Based on Your Home's "After Repair Market Value"!
This simply means that I look at what the value of your home would be, completely fixed and fully renovated. Based on this, I will formulate your offer! Buckle in - I'm going to explain some terms and use some math.
How Exactly?
Well, imagine you have a house that you want to sell...
Now, also imagine your neighbor has the exact same, identical house as yours, except for a few upgrades they made. Say, they added granite counter tops, applied a fresh coat of paint, put a new roof on, etc.
Now, imagine they sold their house for $200k.
We know if we make the same upgrades to your house (after I buy it from you, of course), we would also be able to sell it for $200k.
That means we know the market value if I fixed it up, and I know the cost of the necessary repairs / upgrades. Now, I can make an offer that works for me. If that offer works for you, great! We close and you get your money quickly!!
Let Use Some Math!
If you're a math lover, you'll appreciate this section! Again - I will be transparent with you. Here's the exact formula I use:
Your Offer = [After Repair Value] - [Cost of Repairs] - [Our Selling Costs] - [Our Minimum Profit].
Here's the breakdown:
After Repair Value (ARV): This is what the market value of your house will be AFTER I buy and renovate the house.
Cost Of Repairs (COR): This is what the cost will be fixing/updating the house AFTER I purchase it from you.
Our Selling Costs: Although I buy houses without involving agents, myself on the other hand, has to use an agent to sell that house again AFTER I have purchased it from you and fixed it up. So I have to pay agent fees, closing costs, taxes, holding costs etc. These are all the fees you do NOT have to pay, if you sell your house directly to me :).
Our Minimum Profit: This IS a business after all, and I wouldn’t be able to stay in business, buy more houses, pay contractors, etc, if I didn’t make some sort of profit. However, I keep this to a minimum so I can present you with the highest possible offer.
Got questions? Call me! Here's my cell: (484) 340-8765.