Sell Your House The Easy Way.
Easy as steps 1-2-3
Send Us Some Info
Don’t wait any longer to sell your home. Fill in the form below, and let’s embark on this exciting journey together. We’re here to support you every step of the way!
We’ll Get In Touch
Once you’ve submitted the form, our team at Ferro Home Buyers will promptly reach out to you. We’ll schedule a call to discuss your property in detail and set up a convenient appointment for further evaluation
Get Your Cash
So, if you’re ready to get the cash you need and complete the sale of your property, simply accept our offer and set a closing date.
Get My Cash Offer
You See It’s That Easy!! Steps 1-2-3
We’re the Top Choice for Cash Home Buyers – Say Goodbye to Banks and Agents!
At Ferro Home Buyers, we understand that selling your home can be a challenging and time-consuming process. That’s why we’ve developed a streamlined and hassle-free approach to help you sell your home quickly. Our goal is to make the process as easy as possible, offering you a fair cash offer and closing on your terms. Discover how it works below:
I Want a Cash Offer For My House But What’s The Catch?
No Catch, Just a Hassle-Free Process with Ferro Home Buyers! Transparency and Simplicity Guaranteed! Get a Fair Cash Offer for Your House – We Take Care of Everything, No Strings Attached!
Worried About Getting a Fair Cash Offer?
Rest Assured, We Understand Your Concerns! Discover Our Honest and Transparent Approach Today! Skip the Low-Ball Offers! We Tailor Our Cash Offers to Your Unique Situation. No Pressure, Just a Solution that Works for You!
Why Choose Us Over Listing with an Agent?
Time is Valuable – Sell Your House Fast and Hassle-Free! No Agents, No Fees, and No Repairs. Get Your Cash Offer Now and Move Forward! Don’t Wait Any Longer! Experience a Stress-Free Home Selling Process. Get a Fair Cash Offer Today – No Cleaning, No Repairs, Just Simplicity
How do I know which steps to go forward with?
To get started, simply fill out our online form or give us a call. We’ll ask you a few basic questions about your property, such as its location, size, and condition. Don’t worry, there’s no need for any repairs or upgrades – we buy homes in any condition!
What You’ll Need:
- Smartphone and Internet Access
- Some form of communication either email or phone
- Computer to sign documents electronically (can mail via snail mail but takes much longer)
How to find a Cash Home Buyer?
When it comes to finding a cash home buyer, the process can be simplified by following these steps:
Step 1. Start with a Google Search.
Begin your search for information about selling your home by using Google. It’s a widely-used platform where you can find valuable insights. However, exercise caution when visiting websites. Not all sources are reputable, so it’s crucial to verify the credibility of the information before making any decisions. Keep in mind that paid ads on Google do not necessarily indicate a reliable source; they are simply businesses that paid to appear at the top of search results.
Step 2. Research and Evaluate?
Not all cash buyers are created equal. Look for a cash buyer who takes pride in their company and website. A professional and well-presented website, clear directions, and a commitment to honesty and transparency are key indicators of a reputable buyer. Take the time to evaluate their professionalism and processes. A serious cash buyer who aims to provide a fair offer will demonstrate this through their presentation and attention to detail. After all, you want to ensure they can fulfill their commitment to closing on the purchase of your property.
Step 3. Provide Property Details
Now that you’ve found us, Ferro Home Buyers, it’s time to take the next step. We require your contact information to reach out to you, as well as some essential details about your property, including its location and condition. With this information, we can put together a cash offer tailored specifically to your property.
Step 4. Property Evaluation
Once we’ve had a conversation and gained an understanding of your current situation, one of our team members will review your property. They will assess its After Repair Value (ARV) and identify any necessary repairs. Based on this evaluation, we will present you with a cash offer. If you decide to move forward, we’ll provide a purchase agreement for your review and signature. Take your time with this decision and feel free to consult with your attorney.
Step 5: Closing Process
Once the sale is agreed upon, the title company will handle the legal and logistical aspects of the transaction. This process can be completed quickly, typically within a few days. The closing date will be scheduled, and upon completion, you will receive your cash. The amount you receive will align with the agreed-upon contract, with any necessary deductions for taxes or fees from the county to the seller. Rest assured, all other closing costs will be covered by us. Congratulations on successfully selling your house for cash!
Disclaimer: While we know you’d love to celebrate with a briefcase full of cash, regulations prohibit us from delivering it “Capone” style! We promise to deliver your funds securely at closing!”
Our Calculations: How Do We Do It!
We Take a Fair and Sustainable Approach – No Low-Balling
At Ferro Home Buyers, we believe in fair business practices. We understand that offering low prices is not a sustainable way to operate. Our goal is to find and renovate properties, and if we consistently offer too low of a price, we won’t have any properties to work on. That’s why we strive to keep our costs down so that we can provide you with a good deal. By making you happy, we not only solve your real estate issues but also foster a long-lasting business relationship.
Our Offers are Based on the “After Repair Value” (ARV)
When we make an offer, we base it on the property’s “After Repair Value” (ARV). This means we evaluate the property and determine its potential worth if it were upgraded to meet HGTV standards. We take into account the cost of repairs, holding costs, and our own profits to arrive at our offer. As investors, we need to make a profit while ensuring a fair deal for you.
How Do We Evaluate the ARV? Let’s Use Our Imagination!
For example, let’s consider a property in Winston Salem, NC. This is an older 3/2 home from the early 1900s. In this scenario, we own a similar older home that hasn’t been updated since our parents inherited it in the ’80s.
Recently, our next-door neighbor sold a comparable property. Their 3/2 home was built around the same time as ours but underwent a beautiful rehab with features like granite countertops, laminate flooring, new windows, updated electrical, and plumbing, meeting all current building codes
Through this observation, we discovered that our neighbor sold their home for $500,000 after making repairs. We realized that if we invest in repairs and ensure our home is comparable in size and land, we can also achieve a sale price of $500,000.
Therefore, based on this scenario:
We learned that our neighbor was able to sell their home for $500,000 after they did some repairs. We know that if we do some repairs and make sure our home is comparable in size and land, then we can also sell our home for $500,000.
- We determined the ARV to be $500,000 after reviewing the property’s condition, either through video/photographs or physical inspection.
- We estimated the cost of repairs required to bring the property up to HGTV standards.
- We considered the costs associated with selling, including closing costs (which you won’t have to pay when you sell to us, but we will when we sell), totaling approximately 10% of the selling price (ARV).
- Lastly, we factored in our own profits. Yes, we are a business, and we aim to make money. However, it’s essential to us that we don’t lowball you. We strive to make a reasonable offer that works for both parties. Once we have all these numbers in place, we can present you with a cash offer that aligns with our goals and, hopefully, with yours as well. If the offer meets your needs, we can move forward with setting up closing and proceeding with the transaction. Rest assured that our offers are based on the asset itself, not just your need to sell.
By following this meticulous process, we ensure a fair and transparent approach to buying your property for cash.
Here Is Your Cash Offer For Your Home:
[Your Offer] = [ARV] – [Cost of Repairs] – [Selling Cost] – [Our Minimum Profit]
Experience the Simplicity: Your Cash Offer is determined by subtracting all the costs associated with repairing and selling the house (including our minimum profit) from the market value of the property once it’s fully renovated.
Based on the information we’ve gathered:
After Repair Value (ARV): $500,000
Cost of Repairs: $150,000 (considering the extensive upgrading required for an older home)
Our Selling Cost: 10% x $500,000 = $50,000
Sample Minimum Profit for this Purchase: $40,000
To calculate your Cash Offer, we deduct the Cost of Repairs, Selling Cost, and Our Minimum Profit from the ARV. This ensures that the offer we present to you is fair, transparent, and takes into account all necessary factors.
We believe in providing a straightforward and honest approach to buying your house for cash. Our aim is to make the process as clear and hassle-free as possible, while also ensuring a mutually beneficial agreement.
Here Is Your Cash Offer for Your Home: Your Offer = $500,000 – $150,000 – $50,000 – $40,000 = $250,000
To start the process, we kindly request your information, which will enable us to schedule a property viewing and accurately determine the cost of repairs. Rest assured that our team of experts will handle this process efficiently and professionally.
Get My Cash Offer
Should I Take the Cash Offer or List It on the Market “As Is”?
When faced with the decision of whether to take a cash offer or list your house on the market “as is,” it’s important to carefully consider your priorities and circumstances. Let’s explore the factors that can help guide your decision.
As it stands, your house is valued at $300,000 “as is,” which means that if you were to list it with an agent, the listing price could be set at $300,000. However, it’s important to note that listing your house for this amount doesn’t guarantee a sale or an offer at the listed price.
Let’s say you receive an offer for the list price of $300,000. Now, we need to consider the additional costs involved. Closing costs and a 6% agent commission must be taken into account. Just as we have to account for 10% in closing costs when selling a rehabbed property, you would also need to factor in costs.
So, starting with $300,000, we deduct a 6% agent commission ($17,750) and 4% for title and closing costs ($12,000), resulting in a total cost to sell of $29,750.
Calculating the net amount to you, we have $300,000 – $29,750 = $270,250.
You might be wondering why you should sell your home for cash when you could potentially get $20,000 more by listing it on the market. It’s important to understand that selling on the market doesn’t guarantee an offer at the listing price, nor does it ensure that the appraisal will align with your desired amount. Additionally, you’ll need to navigate inspections, open houses, showings, cleanouts, and repairs, which may be required for financing or based on buyer requests.
Alternatively, by choosing to sell your home for a guaranteed sale of $250,000 in just 10-20 days, you can avoid the uncertainties and challenges associated with the traditional market. On the other hand, attempting to sell it for $270,000 through conventional channels may take 4-5 months. During this period, it’s important to consider that you’ll still be responsible for taxes, utilities, and insurance on the property, which can quickly add up.
Ultimately, the decision lies in your hands. Weigh the guaranteed speed and convenience of a cash sale against the potential uncertainties and additional costs involved in listing your house on the market. If you’re looking for a fast and hassle-free solution, selling for cash might be the ideal choice.
Do You Still Have Questions about How To Sell Your Home? Contact Us!
Sell Your House Fast, No Hassle, No Repairs, No Headaches. Cash Offer That Works For Both Of Us.
When it comes to selling your property, Ferro Home Buyers stands out as the top choice. We have a unique advantage in the market by specializing in cash purchases, which means we can bypass the need for banks and real estate agents. This sets us apart from the competition and ensures a streamlined and expedited process for you.
Gone are the days of dealing with buyer’s inspections, extensive repairs, financing contingencies, or lengthy appraisals. With Ferro Home Buyers, you can say goodbye to these traditional hurdles. We take care of everything, eliminating all the typical delays associated with a traditional real estate transaction. Our goal is to make the entire process simple, efficient, and stress-free for you.
We understand the importance of receiving your cash quickly. That’s why we offer flexible payment options that cater to your preferences. Whether you prefer a secure wire transfer or a traditional check, the choice is yours. While we know you may have envisioned a celebratory moment with a briefcase full of cash, regulations prevent us from delivering it in that “Capone” style. Rest assured, your payment will be prompt and secure.
Don’t settle for a lengthy and complicated selling process. Choose Ferro Home Buyers for a smooth and hassle-free experience. Contact us today to get started on selling your property and receiving your well-deserved cash offer.