How do we buy houses companies work in NJ and PA?
As a seasoned real estate investor with over 35 years of experience, I’m often asked, “how do we buy houses companies work?”
At Jeff Buys Houses Cash, we’re committed to transparency and educating homeowners on the process of selling their properties to we buy houses companies.
In this Blog post, we’ll consider:
- The Business Model: How We Buy Houses Companies Operate
- The Role of Fix and Flip Investors
- Not All We Buy Houses Companies Are Wholesalers
- The Benefits of Working with a Reputable We Buy Houses Company
- How Do We Buy Houses Companies Work? Step-by-Step
We’ll delve into the details of how these companies operate and what you can expect when working with a reputable we buy houses company like Jeff Buys Houses Cash.
First, see which option
may work best for you!
There are options for selling your home. No listing fees, no agent commissions, and a quick and hassle-free closing process.
You won’t have to worry about the hassle of repairs or renovations.
Getting rid of the headache and hassle of dealing with an unwanted property is the service available to you.
Or, maybe you prefer to wait 60 – 90+ days to sell your house the traditional way, and possibly sell for more.
See the comparison below:
We Buy Houses Company
Sell your house to an investor
Investors make fair cash offers so you can sell without the hassles and stress of listing.
- Competitive cash offer within 24 hours
Tell them about your house and they’ll carefully evaluate it with local market expertise to provide you with a fair, no-obligation offer. - No Showings – No Hassles
They will buy your house “as-is” so there are no open houses, no weekend showings, and no need to fix it up. - You choose your closing day
Once an offer is made, they can close in days, not months. You pick the date that is best for you. - Pay ALL closing costs
Closing costs can add up, which is why they cover them for you. Absolutely zero extra costs or hidden fees. - Zero fees. Zero commissions.
Since they are buying your house, there is no charge, no fees, and no commissions. The sales price is the amount that goes into your pocket. - They will cover any repairs
Does your house need repairs? They’ll handle them for you. You can even leave behind unwanted items and they will haul them off at no extra charge.
Real Estate Agent Listing
Listing a house with an agent
The amount of time, money, and stress involved with listing your house adds up.
- The months it takes to sell add up
Your home is costing you money the entire time it sits on the market. Some people can’t wait 90 days to sell their house. - Plenty of showings and disruption to your life
Not only do you have to get your house ready to show, but the number of showings can provide a serious disruption to your life. - It takes forever to close
It takes anywhere from 60 to 90 days+ to close after accepting a buyer’s offer. That’s assuming that their financing doesn’t fall through… - 1-2% in closing costs paid by you, the seller
On average, a seller is responsible for up to 2% of the sales price in the form of closing costs. - Fees and commissions stack up
In addition to closing costs, commissions and fees stack up and reduce how much goes in your pocket at close. On average, 6% in commissions/fees are paid by a seller. - You could be on the hook for repairs
Depending on what pops up during the inspection period, you could be on the hook for repairs that you didn’t know you needed.
How do we buy houses companies work? Let’s see…
The Business Model: How We Buy Houses Companies Operate
We buy houses companies typically buy houses for 65-70% of the After Repair Value (ARV) of the property. This means that if a house is worth $200,000 after repairs, a we buy houses company would likely offer between $130,000 to $140,000, (-less cost for repairs).
This may seem low, but it’s essential to understand that “these companies assume all the risk and incur unforeseen expenses very often.”
For example, let’s say a homeowner is facing foreclosure and needs to sell their property quickly.
A we buy houses company would provide a fair, no-obligation offer for the property, taking into account its current condition and the cost of repairs.
The company would then renovate the property and resell it for a profit.
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The Role of Fix and Flip Investors
Fix and flip investors often play a crucial role in the we buy houses industry.
These investors buy houses to renovate and resell them for a profit.
However, they may also assign a contract to another investor, who will close the deal under the same terms.
This is a common practice in the industry, and it allows fix and flip investors to focus on finding and renovating properties.
For instance, “a fix and flip investor may find a property that needs significant repairs, but they may not have the time, funds, or resources to complete the project.”
In this case, they may assign the contract to another investor, who will take over the project and complete the renovations.
Not All We Buy Houses Companies Are Wholesalers
While some we buy houses companies do engage in wholesaling, not all of them do.
Wholesaling involves finding undervalued properties and selling them to investors at a markup.
Reputable we buy houses companies like Jeff Buys Houses Cash typically purchase houses directly from homeowners and renovate them for resale.
At Jeff Buys Houses Cash, we’re committed to providing a fair, no-obligation offer for your property.
We’ll work closely with you to understand your unique situation and provide a personalized solution that meets your needs.
The Benefits of Working with a Reputable We Buy Houses Company
Most home buying companies purchase houses that need extensive repairs, and houses that realtors don’t want to list as-is, leaving homeowners with few options.
A reputable and experienced home buying company like Jeff Buys Houses Cash can offer a seller multiple options to sell an unwanted house.
We provide a quick and hassle-free sale, often in as little as 7-10 days…
Additionally, we’ll handle all the paperwork and closing costs, ensuring a smooth transaction process.
Our goal is to provide you with a fair, competitive offer for your property, allowing you to move forward with confidence.
How Do We Buy Houses Companies Work Step-by-Step
Here’s step-by-step how we buy houses companies work:
- Initial Contact: A homeowner contacts a we buy houses company to inquire about selling their property.
- Property Evaluation: The company evaluates the property to determine its value and potential for renovation.
- Offer: The company makes an offer to the homeowner based on the property’s value and the company’s investment goals.
- Acceptance: The homeowner accepts the offer, and the company begins the process of purchasing the property.
- Renovation: The company renovates the property to increase its value.
- Resale: The company resells the property for a profit.
Take the First Step Towards Selling Your Home Quickly and Hassle-Free
Call us today or fill out our online form to schedule a ‘remote property evaluation’ and find out how much cash you can get for your home in NJ or PA.
Get An Offer Today, Sell In A Matter Of Days
Schedule A Remote Property Evaluation Today
Are you trying to sell a house, but you don’t have time for a walkthrough or showing? No problem. Just schedule a remote property evaluation… Choose Zoom, Facetime, or Google Meet. We only need 10 – 15 minutes of your time, to get the information needed to give you a cash offer within 24 hrs. What are you waiting for? Schedule your remote property evaluation now.
Download Our E-book: “Beyond the Bad Rap: The Value of We Buy Houses Companies in Real Estate”
For a comprehensive guide to the we buy houses industry, download our E-book today.
This informative guide covers the history, benefits, criticisms, and future of the industry, and the companies that operate within it.
Download Your FREE “Beyond the Bad Rap: The Value of We Buy Houses Companies in Real Estate” E-Book Below
Just put in your name and email, click “Submit” and we’ll email you the Free E-Book right away.
Conclusion
At Jeff Buys Houses Cash, we’re committed to transparency and educating homeowners on the process of selling their properties to we buy houses companies.
If you’re considering selling your home in NJ or PA, we encourage you to contact us today.
We’ll provide you with a fair, no-obligation offer and guide you through the entire process.
