How Do I Sell My House In Tennessee Fast For Cash?
It Only Takes 3 Easy Steps To Get A Cash Offer And Sell Your House Fast!
Please start by filling out this form so we can get a better understanding of your current situation. You are not required to sell the property once you’ve provided all of the necessary information about it – simply notify us that it’s available, and someone will contact you!
Next, we’ll set a time to see your home in person or virtually. Again, we want you to feel at ease with us and that the offer is reasonable.
If you decide to take our custom offer, we’ll then set a closing date that works best for your schedule. We’ll work with you to ensure that the home sale goes as smoothly as possible, whether it’s now or a few months from now. The closing will be at a local title company, and we’ll handle the paperwork, so you don’t have to!
But How Does This All Work…
You may have seen signs around town that say “we buy houses,” or maybe you got something in the mail from companies who want to buy your home. Usually, the message is the same – “We Buy Houses For Cash.” But it can be difficult to determine whether their offer is genuine because sometimes these offers include terms that make it even more confusing! Take a look at how it works when you sell your house to 1-800-Best Offer.
So how exactly does the “we buy houses for cash” process work? Can it seriously be THAT EASY?
We’ll handle everything for you! We make providing a cash offer for your property as straightforward and trouble-free as possible. There’s no need to do any work besides notify us when you’re ready to sell. Our staff will handle the rest and take care of the small stuff so that sellers like yourself aren’t overwhelmed by anything else in life while you focus on moving into your new place.
That sounds great, but I still don’t understand how it works…
If you’ve never attempted to sell your home quickly for cash before, the process may be a little unclear, but we’ve certainly heard these concerns before. We’ll go over how our house buying process works and what to anticipate when working with us!
How do you determine the offer price to buy my property?
We apply these four criteria to our cash offers.
After Repair Value “ARV” of the Property
The ARV is the value of your house or property after being renovated or improved. We arrive at an ARV by calculating comparable sales that have sold fully renovated in your area.
Renovation Costs (Cost of Repairs We Will Make)
After we buy a home, we generally have to make improvements to boost its market value and bring it up to code. These upgrades range from repainting the house to replacing bathroom tile to adding a back porch, among other things.
Our Selling Costs
When the property is ready to be sold again, we know that certain expenses will come with that process. Remember, you will never have to pay any commissions or fees when you’re selling your house to us. But, that said, we will almost certainly have to pay some of those costs, including taxes, insurance, HOA fees, and more. So, we need to consider those costs when we make our offer.
Our Minimum Profit
Since we’re a local home buying business that supports our employees and families, we have to consider potential profits whenever we buy a house for cash. However, we want to make it clear that we do our best to keep our profits to a minimum because we want to make sure you get paid as much as possible for your home or property.
Want to see how we calculate our cash offer?
Our Cash Offer = After Repair Value (ARV) – (Renovation Costs + Our Selling Costs + Our Minimum Profit)
For Example – So, let’s say the After Repair Value (ARV) of your property is $300,000 after we’ve renovated it, and we had to pay for $40,000 worth of repairs to make it market-ready. Here’s how we would calculate our cash offer to you: $300,000 – ($40,000 in repairs + $30,000 in selling costs + $18,000 minimum profit) = Our cash offer would be $212,000.
And there you have it! Now you know how we calculate cash offers! Our mission is to always try to make you the best offer possible while also making sure we can take care of our team. Regardless of the housing situation that you’re in, we will promise to make the best offer we can for you and your family. There’s a reason why most sellers we work with choose to work with us rather than a real estate agent: our straightforward approach and high-quality cash offers. Take a look at our client feedback and testimonials to learn more about how others have benefited from working with us.
What should I do now that I’ve accepted your offer? How long will it take us to finalize the closing?
Ask any of the “companies that buy houses,” and they’ll tell you that the closing process takes between 2 and 4 weeks, depending on your specific circumstances. Of course, if you want to close as soon as possible, this is an option. Ultimately, we work around your schedule and can close when it’s convenient for you.
Open Escrow & Order Inspections
Once you decide to accept our cash offer for your home, we’ll send you the appropriate documents, including the purchase agreement. Someone from our team will contact you once the paperwork is complete to ensure there are no issues – this includes a title search conducted by a local title company. We’ll also book a time for our team to conduct further inspections. You won’t have to make any repairs, so don’t worry! This is just to ensure an accurate renovation estimate once we purchase the property.
Timeframe: 24-72 Hours
Conduct Inspections and Address Any Title or Lean Concerns That Arise
After completing the inspection, we’ll have a better idea of our renovation budget. If the title company discovers any title problems or liens, they will contact you for additional information to address the issues. We may then schedule closing once the title issue is resolved!
Timeframe: 1-2 Weeks
Scheduling The Closing & Getting You Paid!
After Step 1 and Step 2, it’s time to set up the closing and get paid in cash! We can close at the title company, or they may send a mobile notary to you on a specific date, whatever is most convenient for you. When you have completed all of the paperwork, we’ll send a wire transfer to your bank account or cut you a check from the title company; it’s entirely up to you! This usually happens the same day that you sign the papers, although it can take up to one business day in some rare instances.
Timeframe: 1-7 days
Why should I sell to you vs. list with a real estate agent?
We hear this question a lot. In some situations selling your house with a realtor may be the best option – especially if your home is in excellent condition, has been updated to modern standards, and it’s move-in ready. However, most buyers don’t want to make repairs or update properties, so if your home isn’t updated or in excellent condition, you might want to take a look at working with a home buying company like 1-800-Best Offer.
Selling to 1-800 Best Offer
Traditional home sale
Still Have More Questions Or Want To Know How Much We Can Pay?
Fill out the form below or give us a call or text at (901) 602-2015 for your FREE cash offer or to ask any questions. There is no obligation whatsoever to get an offer from us, and we’re happy to answer any further questions you may have! So what do you have to lose?