Here are some of the factors investors look at for Cash Offers. They are usually lower than you think...here is why.
Call George today to discuss the sale of your home 619-846-1244.
1. Figure out what it will sell for when fixed up. (ARV)
2. Estimate costs.
a. what repairs will be done and how much.
b. what profit will you be looking for (fixed $20K minimum or a percentage of ARV 5-8%).
c. how much will it cost to sell 5-7% of ARV.
3. Subtract costs from (ARV) and come up with an offer price.
Here is an example
$500K (ARV- After repair value)
$45K in repairs and renovations
$35K profit
$40K in the cost of sale
$120K total cost
$500K (ARV)
$120K (Costs- repairs, profit, cost of selling)
$380K offer price.
2019 San Diego real estate stats free annual report (click here)
Call George today to discuss the sale of your home 619-846-1244.
1. Figure out what it will sell for when fixed up. (ARV)
2. Estimate costs.
a. what repairs will be done and how much.
b. what profit will you be looking for (fixed $20K minimum or a percentage of ARV 5-8%).
c. how much will it cost to sell 5-7% of ARV.
3. Subtract costs from (ARV) and come up with an offer price.
Here is an example
$500K (ARV- After repair value)
$45K in repairs and renovations
$35K profit
$40K in the cost of sale
$120K total cost
$500K (ARV)
$120K (Costs- repairs, profit, cost of selling)
$380K offer price.
2019 San Diego real estate stats free annual report (click here)
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