At Wholesome Deals LLC we specialize in real estate wholesaling, a fast and efficient way of selling your house for cash. Here is a step-by-step explanation of how the process works and how we arrive at your CASH offer.
Real estate wholesaling involves finding a property for sale, securing it under a purchase agreement, and then selling that agreement to an interested cash buyer. As wholesalers, we act as intermediaries, between home sellers and real estate investors looking to buy properties quickly.
Our cash offer process is based on a straight forward formula to ensure that it is fair and transparent. Here's a breakdown of the components involved.
Contact us through our website or by phone to express your interest in selling your home. Provide some basic information about your property.
Property Assessment
We conduct a thorough evaluation of your property. This includes a walk-through to assess its condition and identify any needed repairs or updates.
Market Analysis
We perform a comparative market analysis (CMA) to determine the after-repair value (ARV) of your property based on recent sales of similar homes in your area.
Cash Offer Calculation
We calculate a fair cash offer for your home using the buy formula:
ARV x 75% - REPAIRS - OUR FEE = CASH OFFER
Presenting The Offer
We present you with a no-obligation cash offer. If you accept, we proceed with the necessary paperwork.
Closing
On our agreed-upon date, we close the deal. You receive your cash payment, and we handle the rest. The closing process is quick and typically takes a few weeks.
Let's say your property's After Repair Value (ARV) is $200,000 and the estimated repair cost is $30,000. Here is how we would calculate your cash offer.
ARV: $200,000
Repair Costs: $30,000
Our Fee: $10,000 (this is a hypothetical example)
ARV x 75% - REPAIRS - OUR FEE = CASH OFFER
$200,000 x 75% - $30,000 - $10,000 = CASH OFFER
$150,000 - $30,000 - $10,000 = $110, 000
In this example, we would present you with a cash offer of $110,000. This offer ensures you can sell your home quickly without the hassle of repairs, listings, or long waiting periods.