Easy & Simple Process
Address + Condition = Offer
Give us your address
Tell us about it’s condition and any upgrades
Get a FREE no obligation cash offer today.
We close at a local reputable escrow/title company, cash in your hands in as little as 7 days
…. keep scrolling down to find out how we calculate your offer… 👇
HOW IS THE CASH OFFER CALCULATED?
This is what everyone wants to know… how much will we pay for their home. Once you provide your address and the condition of the home we begin getting your offer together. Look below to see how our offer is calculated.
Every Offer Starts with the Renovation Value Of The Home!
We have your address, your square footage, number of bedrooms, bathrooms, etc… now we look for a fully renovated home that has sold in the last 3 months in your city less than 1/2 mile from your home. *The appraiser will do the exact same thing if someone finances the purchase of your home.
Which Home Below Will Sell Fastest…
House 1: New Kitchen and flooring but outdated bathroom. Sold $445,000
House 2: Outdated kitchen, but renovated bathroom and has new flooring. Sold $420,000
House 3: New Kitchen, Bathrooms, Flooring and paint inside and out. Sold $466,000
If you picked number 3 you are correct! At $466,000 Reno Price this home had the most renovated kitchen and looked the best out of the three.
We base this on the form you complete online and a quick conversation. The more information you can provide along with any upgrades you have done, the better price we are able to give you. In this example, we will assume your home needs $20,000 in repairs to bring it up to same level as the home that sold for $466,000.
We look at your location, the city, the county, title, future realtor fees, termite repairs/fumigation, any repairs a finicky buyer may want that we will have to incur when we sell the home and estimate the total closing for both transactions at 10%. For this example we would estimate selling costs at $466,000*10% = $46,600 Selling Costs
When looking at profit we look at many factors, the location of the home, is it on a cul-da-sac or does it back up to a street, is it in a flight path, is it a seller’s market, is it a buyer’s market, was the home built in the 20’s with knob and tube wiring, are we heading into fall/winter when home selling slows down, are there no comparable homes that have sold, if it’s a larger renovation will we be in a new real estate market in 4-6 months, etc.? For this example, we would look for $35,000 profit as it’s a great real estate market and should sell quickly.
Drumroll…. Cash offer for your home is…
What can you make if you did NO renovations?
Your sale price would be lower to reflect a non-renovated home of $420,000.
What could you make if you did the renovations needed to get top dollar?
Your sale price could be higher at $466k to reflect the renovations you did but depending on the length of the renovation it may push your sale into a new real estate market. The market could be higher or lower in 4-6 months when the work is completed. In addition, our costs are usually lower than the public can get work done and therefore your renovation costs would be higher at around $28,000-$30,000. This is also assuming nothing went wrong with the renovations and if you watch HGTV…. somethings ALWAYS goes wrong.
We are honest and upfront homebuyers… and we will let you know that you will almost always get MORE money with the last two options…. but they take patience, time and some extra money.
If you want to get a cash offer from us… please complete the form below
Diamond Home Buyers Inc., is a dependable and safe company to work with in selling your home in as few as 7 days. If you need longer, we can make that work too. We are your local neighborhood Professional Home Buyer, and we will buy your home today for cash! We buy As-Is with Fast Fair Cash Offers, No Commissions, No Closing Costs, No showings to Multiple Buyers, and no more Dealing with Your Bank. We can be your First and Last Buyer you will ever have to deal with… we make it EASY!