How We Buy Houses in Oregon
We buy houses in any condition and any situation across Oregon. There are no fees or commissions to pay. You can take advantage of our offer for free! Get a no-obligation offer today!
How Does Our Oregon Home Buying Process Work?
You share property address and details, including pictures
We contact you quickly to discuss your property and options.
We make you a reasonable, no-obligation offer.
We can close in as quick as seven days, if you accept the offer.
What to expect and when: We can supply you with a fair offer within minutes of receiving your property address, pictures and a quick phone call. Most importantly, we need to see the home’s condition so we can make our offer as accurate as possible. If you accept our offer, we send everything to our title company and begin the closing process. The cash can take anywhere from 3 to 30 days to get in your hands or the date of your choosing.
The Fast and Easy Way to Sell a House
We buy houses across the whole state of Alabama. We are not Realtors. We do not use the Multiple Listing Service (MLS) to list our properties. As real estate investors, we are the ones who are purchasing your home. We also accept cash, which allows us to close quickly. If you collaborate with us, you will receive our entire offer. There are no fees, charges, or closing costs associated with this transaction.
Selling to us is the total opposite of selling through a real estate agent. We buy houses in their current condition and close quickly. We buy distressed properties and take care of any difficulties or repairs. We even purchase hoarder properties.
How Do We Buy Houses?
How the home-buying process works => In three easy stages, you’ll receive a cash offer. A cash offer for your home is much easier to obtain than you would think! That’s all we do: we buy properties. There are no agents, fees, or repairs. Here’s how to sell a house in three easy steps.
You may have a few critical questions concerning our simple process. These might have to do with how we buy houses for cash or how we work.
Here are some FAQs
- How does our home buying process work?
- What formula do you use to calculate an offer?
- What factors are considered for your cash offer?
- What details do you look at when purchasing a house?
- How long does the whole process take?
Keep reading for the answers to these questions and more.
How does our buying process work?
Our process is designed to be easy for you the seller. We offer you a completely free cash offer with no conditions attached! Here’s a simplified version of our process.
- Fill out our form and include your contact info. Or, call us to get in touch with a team member.
- Once we have received your property details, our team will get to work on your cash offer. Our offers are free, we do not have any conditions when presenting our offer.
- If you like our offer or if it makes sense for your situation, great! However, if you have additional questions or concerns, we can always answer those as well.
That’s all there is when it comes to receiving a cash offer!
What do we consider when we buy houses?
Our team has extensive experience valuing your home and we always deliver competitive offers. We know how important your house is to you, and we want to make you the best offer possible.
We will present our cash offer once we review your address, your market and the condition of your house. We also look at the style and neighborhood to provide our strongest quote.
Our staff also considers any pressing needs to provide you with the finest offer:
- Do you have an aggressive timeline to sell? Are you on the clock to sell fast?
- Are there any specific condition issues that relate to code violations or fines? Maybe divorce, probate or foreclosure?
- Do you need a 100% guaranteed sale?
What is the formula for calculating a cash offer?
“How much will I get for my house?” is the burning question. If you’ve come this far, you’re going to want to read on. There are, however, a few steps to follow, and once you comprehend them, you will have your answer. So let’s look at how much we can afford to offer on your home.
Our Home Buying Formula
To begin, we apply a formula to make things easier. We’ll go over each of the four parts of our formula. But first, let’s have a look at the formula:
ARV – REPAIRS – TRANSACTION COST – MINIMUM PROFIT = YOUR CASH OFFER
ARV – To clarify, ARV stands for After Repair Value. The ARV represents what your house is worth as an absolute maximum, based on your local market. It’s the retail worth of your home if it is modernized, in great condition and shows well to potential buyers.
REPAIRS – The fixes that a home requires to achieve ARV are subjective. It is impossible to precisely calculate repairs as issues often hide inside any house. When upgrading flooring, it’s not uncommon to discover foundation concerns. We may discover plumbing issues when remodeling bathrooms. We put in a lot of effort to inspect a house before buying it to reduce our risk and make a better offer. The more confident we are in our repairs, the more cash we can offer. In the worst-case situation, we include some maybes in our offer so that we can protect our investment.
TRANSACTION COSTS – Although there are numerous transaction costs, they can be divided up. We have loan fees that we must pay to our lender. This amounts to 2-5 % of our entire renovation costs. Loan origination fees and interest-only monthly installments are included in the loan costs. When we sell, we must pay the buyer’s Realtor 3%. We also have carrying costs such as insurance, property taxes, water, heat, electric and trash. Transaction costs are expected to be 10-15% of our total cost when everything is tallied.
MINIMUM PROFIT – Of course, we must make money to continue our marketing efforts and support our families. Our profit margins vary, but we usually aim for a 10-15% profit margin. This also provides us with some price stability. We’ll be fine if we go over budget and still make 10%. We must be cautious because one large surprise might wipe out our gains. Also, if we use hard money, our lenders require a minimum of 10% profit or they won’t lend to us.
YOUR CASH OFFER – When we total up our costs and profit, we get ~30%. This is called the 70% rule, which states that 70% of ARV – Repairs gets our offer to be simplified and fair. Our offers are always transparent and never contain surprises. You get exactly what we promise. We pay for everything, and you will receive a check for the full amount. This is the allure of selling your home for cash.
Take a look at what we have to offer for your home…
What details do we look at?
- Condition: What necessary repairs and upgrades are needed for the home to reach it's ARV? We look at the foundation, roof, electrical, plumbing, HVAC, kitchen, bathrooms, and flooring.
- Situation: Are there any code violations or tax liens? What is your timeframe to sell? Is the house in probate? Homes with bad tenants require some money to vacate. Homes in rural areas have labor challenges.
- Mortgage: What is the balance of your mortgage? It is a win-win if you can get some cash after your mortgage is paid off. If you owe too much, we can still help but only if you are open to creative options.
- Tenants: Bad tenants are a problem that we are actually good at. Some factors include the tenants' responsiveness and their willingness to work with us. Bad tenants can cost big, in terms of money as well as time. It can take up to a year to evict a bad tenant!
How long does it take to complete the process?
We close as quickly as possible! We strive to predict potential roadblocks and deal with them when they arise. We work nonstop to keep our promise to close quickly.
We will go to work as soon as you accept our offer. We gather all of the information requested by the title organization. This covers our purchase agreement and our EMD (Earnest Money Deposit). Any concerns that we are aware of at the time are addressed. We want to be aware of any potential issues before they cause a delay in closing quickly.
The title company examines the title to ensure that it is clear and transferrable. If there are any title concerns, they must be corrected before proceeding. We acquire our funding and conduct any property inspections on our end. We may invite a few partners and contractors to inspect the property.
The moment you’ve been waiting for has finally arrived! We complete the sale of your home, and you receive your cash! The full process can be completed in as little as seven days. Due to title concerns or require additional information, the average transaction will close in 10-28 days.