How Do I Sell My House Fast For Cash?
We Offer Cash For Your House Fast, In 3 Easy Steps
Get started by filling out the form below and telling us a little about your property. Don’t worry, there is no obligation to sell to us and we do not share your information.
Schedule a time to show us the property either in person or via a video call. We respect social distancing and want to make you a cash offer safely.
Accept your cash offer and schedule a date to close that works for you. It really is that easy! We close at a local title company and we handle all the paperwork for you.
That’s it! It really is that simple and hassle-free to sell your property to Nexus Homebuyers. We’re easy to work with and can buy your house in as little as a few days or a few months. We work with you to sell your house on your terms!
You’ve probably seen a lot of “we buy houses” websites before or gotten a letter or postcard in the mail about someone wanting to buy your property. They all probably said something similar “we buy houses for cash” or “sell your house fast in any condition”. Since you’re on our “how it works” page, you’re probably wondering…
How does this whole “we buy houses for cash” process REALLY work? It can’t be that EASY, can it?
In short, absolutely it can! Selling your house fast with us is a very simple process – for you! For us, the process is a bit more challenging, but we love a good challenge! There’s a lot of work that goes on behind the scenes to make sure selling your house to us goes smooth and hassle-free for you.
That’s great and all, but it doesn’t answer my question…
We understand. That’s why below we will give you a clear and straightforward explanation of how we buy houses and what our process looks like. Keep in mind that selling your house for cash may not be the best option for you and your family. Please use the information below to educate yourself on how the process works and make a clear and well-informed decision about whether or not you should sell your house for cash.
Click on the question to jump to the answer
– What information do you need from me?
– How long does it take to get an offer?
– Are you going to make me a “lowball” offer?
– How do you come up with an offer price?
– What happens after I accept your offer?
– How long does it take to close?
– Why should I sell to you vs list with a realtor?
– Is this a scam?
What information will you need from me?
You decide how you want to contact us, whether you call us, text us, or email us during business hours (Monday-Saturday 9:00 AM -7:30 PM EST) and speak to one of our dedicated team members or fill out the form and tell us about your property. The call only takes a few minutes and we will either answer the call or call you back as soon as possible. Our team member will ask you a few short questions about the property you are interested in selling, like how many bedrooms, bathrooms, square feet, and any recent updates you might have done, as well as answer any questions you may have.
How long does it take to get an offer?
Our team wants to give you the best offer possible and that’s why we don’t give offers right on the spot (I’d be a little worried if any company did). We take a look at what other houses in your neighborhood in similar condition have sold for and determine a range of what we would be able to pay. Usually, we will have an offer in your hands within one business day. 🙂
Why don’t you give me an offer right now? Other “” promise to give me an offer in 5 minutes.
Most companies that will make you an offer this fast are unfortunately not going to stand by that price in the end. They are most likely trying to lock your property up with a ridiculous offer and after the inspection reduce the price way down. This happens unfortunately more often than not, and we hate to see it happen. That’s why it’s important to do your research and work with a reputable home buyer that has been in business for a while and has the reviews to show a proven track record. Investors will need to make a profit to continue operating, so if a company is offering you above market value for your property, it could be a red flag.
When you work with us, our team tries to give you the best offer possible that works for you and your family and works for us. If you feel our offer is a good fit, we will set an appointment to view the property (in person or via video call) to confirm the condition of your property. Don’t worry, you don’t have to fix a thing! Remember, we buy houses as-is. 🙂
Are you going to make me a lowball offer?
This is a great question! 🙂 At Nexus Homebuyers, our goal is to make you an offer that works for you and for us. We want to make sure you are happy, while also paying a fair price for your property. If we are not going to be a good fit, we will let you know and we will usually give you a range of where we would make you an offer based on properties that have sold in similar condition in your neighborhood.
One thing to keep in mind is that we have multiple options when purchasing your property, in addition to a cash offer. If you choose a cash offer, that offer will be fair, but it will not be “full market value.” However, we do pay more than most cash home buyers!
We have a few options that will allow us to potentially pay more for your property, but they will not be a “fast cash offer”. Give us a call at (865) 999-0025 to speak to our team about the options that would work best for you!
So how do you come up with an offer price to buy my property?
We make our offers based on four things
The After Repair Value “ARV” Of The Property
This is the value of the property once we have renovated it. This is based on local comparable sales that have sold fully renovated.
Renovation Cost (Cost of Repairs That We Will Make)
When improving a property’s value, we need to make repairs and bring the property up to date. This can include tile, carpet, paint, appliances, cabinets, countertops, fixtures, landscaping, and others to make a property like new.
Our Selling Costs
When we go to sell the property after we have renovated it, there will be costs associated with the sale. Although you do not pay any commissions or fees when you sell to us, when we go to resell the property, we will have to pay those as well as taxes, holding costs, insurance, HOA fees, etc. These are added up into our selling costs.
Our Minimum Profit
We understand making a profit is something most people don’t think about, but it’s necessary in order to support our families, employees, and contractors and to be able to keep buying properties. 🙂 However, we try to keep our profit to a minimum to be able to pay as much as possible for your property.
Are you ready to see exactly how we calculate what to offer?
Our Cash Offer = After Repair Value (ARV) – (Renovation Costs + Our Selling Costs + Our Minimum Profit)
A Quick Example – Let’s say the After Repair Value (ARV) of your property is $200,000 after it has been renovated and looks brand new. Let’s say the property needs $30,000 worth of repairs, our offer would be calculated like this: $200,000 – ($30,000 in repairs + $20,000 in selling costs + $30,000 minimum profit) = Our cash offer would be $120,000.
And that’s how we calculate our offers! We try to make you the best offer, while still keeping the lights on. No matter what situation you are facing, we want to work with you to create the best offer for you and your family. Most of the people we work with choose to work with us instead of a real estate agent due to the hassle-free process and certainty of a cash offer. See our reviews and testimonials to see what others are saying about working with us. 🙂
Time For A Case Study!
See the numbers below on a house we recently bought
110 Oglewood Ave, Knoxville TN
Mr & Mrs. Armstrong were tired of being landlords and didn’t want to deal with the tenant who wasn’t taking care of their property. The tenant had left the house in a rough state and making the repairs necessary to sell was too much for the Armstrongs to pay for. We were able to close on the property, renovate it, and give a family a great home in the process.
This single-family home was in an excellent location close to downtown Knoxville. The property was in rough shape and needed a complete renovation to restore its craftsman charm.
We knew this property would need a significant renovation and estimated the repairs to be around $138,500 and we figured we would be able to sell it for $210,000. Based on our cash offer formula, here’s how the numbers work. ARV (After Repair Value) of $210,000 – ($138,500 in repairs + $21,000 in selling costs + $31,500 in profit) = $19,000 Fast Cash Offer (Closing in 2 weeks or less)
What happens after I accept your offer? & How long does it take to close?
As with most “companies that buy houses”, the closing process typically takes about 2-4 weeks, depending on your situation. If you need a faster or longer close, we can work with you to accommodate the best day for you. Below is an outline of a typical closing process.
Open Escrow & Order Inspections
Once you decide to sell your house to us, we send the purchase agreement and all other necessary paperwork to our local title company and deposit earnest money. At this point, Rose, our closing specialist will reach out to guide you through our closing process and let you know if anything else is needed from the title company. The title company will order a title and lien search and Rose will schedule an inspection date with you either in person or via a video call.
Timeframe: 24-72 Hours
Conduct Inspections & Address Any Title Or Lean Concerns
This is where we will conduct an in-person or video call home inspection. Depending on the amount of repairs, we still may need to do an in-person home inspection. We understand that COVID-19 has impacted the way we do business and interact, and because of that we do practice social distancing and wearing of masks. Around the same time, if there are any title or lien concerns, our title company will reach out and request additional information to fix any title issues that may arise. This is to insure that title is clear and the property is legally allowed to be sold.
Timeframe: 1-2 Weeks
Scheduling The Closing And Getting You Paid!
Once the above items are complete, we are ready to schedule closing at get you cashed out! You can either close at our title company or they can send a mobile notary to you on a date and time that are most convenient for you. Once all documents are signed, your money is either wired to your bank account or a check is sent to you from the title company. You can request the way you’d like to get paid. This usually happens the same day you sign documents, but it can take up to 1 business day in rare instances.
Timeframe: 1-7 days
Why should I sell to you vs list with a realtor?
We understand that for some people, listing with a realtor is a better option than selling to us. If we feel that listing with a real estate agent is a better option for you, we will tell you on our initial call. Here are some of the benefits and drawbacks of listing with a realtor compared to selling to us.
Selling to Nexus Homebuyers
Traditional home sale
How do I know that you’ll actually close and this isn’t a scam?
With so many seminars and weekend classes about real estate investing, there are unfortunately a lot of people pretending to be a cash buyer, when in fact they do not have the money to close on your property…Pretty scary huh?
That’s why it’s vital to thoroughly vet your buyer and make sure they are legitimate. Making sure that a buyer will actually close is usually more important than getting the highest price. This goes for both real estate agents and real estate investors, unfortunately. Agents will tell you your property can be listed for thousands more than what you expected, only to have it sit on the MLS for months, go through multiple price reductions, only for your property to either not sell or you net less than you would if you had sold to a reputable home buyer. Not to mention, the months of stress that could have been avoided.
That’s where Nexus Homebuyers is different. We actually have the cash and experience to close on your property…and for a great price!
So what can you do to avoid falling into a scam artist’s trap?
Quite a lot actually.
– Look up how long the buyer has been in business – This can be done by looking at the buyer’s records on the Better Business Bureau or on the local secretary of state’s LLC search. If the buyer has been in business less than a year, it may be a sign that they are new to the business and may not have the experience or funds to close.
– See if there are any instances of the buyer not closing before by checking reviews – If the buyer has been in business a while, they should have an online reputation through Facebook, Google, Better Business Bureau, or Yelp reviews. See if the buyer has failed to close multiple times or if they don’t have any reviews at all. This could be a red flag.
– Does this buyer actually own any property? – Check the local property records to see if the buyer owns any real estate in the area. If they don’t, ask them why not and see if they may own property under another name. If they don’t own any property, it could be a red flag to look out for.
– Ask for proof of funds – Granted, it is quite easy to a proof of funds letter, however this could weed out some very new investors who don’t have a lender that could provide a proof of funds letter for them.
Still Have Questions Or Want To Know How Much We Can Pay?
Fill out the form below or give us a call or text at (865) 999-0025 for your FREE cash offer. There is no obligation whatsoever to get an offer from us. What do you have to lose?