How to Sell Your House Fast for Cash in Omaha
It Really Is Like Hitting the Easy Button to Sell Your House
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Get Your Cash Offer Now!No Pressure, No Obligation. Why Not Try It?
That all sounds great, but how do you come up with an offer amount?
We start with the end in mind. We find out the ARV (After Repair Value) of the house by researching how much other similar houses have sold for recently in the area in updated, move in condition.
We estimate our costs. How much will it cost us to buy it, fix it, hold it (taxes, utilities, etc.), and sell it?
Minimum profit – We are nice people, but we have to make some money too to keep being able to buy houses like yours. We aim to give you the highest offer possible, so we keep our profit to a minimum so that we can buy more houses.
So what do we do with all those numbers? Simple! We take the sale price of the house after we are done with the work, subtract all of our costs, subtract our profit, and the number leftover is our offer. So, Our Offer = ARV – Costs – Profit
An overview is helpful, but make sure to dig into the details to see how the process works from beginning to end. This article dives into a detailed explanation of a flip we did so you can see a real example of what happens behind the scenes.
Find out if selling your house for cash will be right for you.
Let’s say you have a house with a bathroom that looks like this and other rooms that are similar condition:
Now, with upgrades like these, it is easy to see that she could reasonably expect to sell the house for full market value in Omaha, especially one in a good part of town (this one was in District 66). In this case, the house sold for $320K. This now becomes our ARV (After Repair Value).
So, if we want to buy and then sell your house for $320K, we would need to bring your house into similar condition as the neighbor’s house.
Why is that?
Because would you pay as much for an outdated house as you would for one that is completely updated? Of course not!
So, if the neighbor’s blinged out house is worth $320K, how much would yours sell for in its current, outdated condition?
Sell My House In Omaha for Cash, Or List It, as-is?
Let’s say you contact a local agent for a price opinion (and you likely should), and she tells you the house is worth $180,000 in its current condition. Then, you decide to call the top home buying team in the Omaha area (hint: us) to see what you could sell it for the easy way.
We come and do a walkthrough and compare the condition of your house to the condition of comparable sales to see what repairs or updates would have to be done to the house to bring it to similar condition. We use our 20 years of remodeling experience to put a rough repair cost estimate together.
If you can wait for it to sell for top dollar through a Realtor, you probably should. Putting your house on the market through a Realtor will – more often than not – result in you making more money on the sale of the house. Listing on the MLS will get you exposure to the highest number of potential buyers. However, there are pros and cons to consider when listing your house. If you have decided to list your property with an agent, but are worried about having to do a bunch of repairs, you may not need to. Watch the video below for a great tip about selling your house as-is and protecting yourself from costly repairs after home inspections.
WHAT ABOUT DIY?
Why not Do It Yourself or manage the remodel and save some cash?
Let’s say your house has 4 bathrooms with the classic color schemes of: Avocado Green, Harvest Gold, Pepto Pink, and Baby Blue. The kitchen needs everything replaced, the hardwood floors need redone, and the house needs painted inside and out. There are also plumbing and electrical repairs needed and some concrete work and landscaping. After contractor estimates, add it all up and the cost of the remodel is $100,000.
$100K. WOW. That is a lot of money.
I have a lot of respect for skilled Do It Yourselfers. I have been involved in remodeling properties for a long time, and I still suck at doing it myself. But, if you are skilled and have the time and interest to do some/all of it yourself, you can save a lot of money! Just make sure you consider everything involved before starting demo.
- Do you know skilled, affordable, honest contractors to complete the work that you are unable to do yourself (electrical, plumbing, framing, etc.?
- Are you good at design, picking out materials and color schemes?
- Are you confident that there are not going to be cost overruns on the project when unplanned things happen? Will you be able to afford the cost overruns?
- Are you prepared to fire someone from your jobsite if they are not performing to your satisfaction or worse, they are stealing from you?
- Are you OK with living in a construction zone? Breathing drywall dust, paint fumes and having contractors in and out all the time?
Does all that give you a headache? Want to get back to the Offer?
Here it is!
As-is Value = $180K
ARV (After Repair Value) = $320K
Repair Costs = $100K
Selling Costs = 10% of $320K = $32K
Minimum Profit = $40K
Your Offer = [ARV] – [Repair Costs] – [Selling Costs] – [Our Minimum Profit]
Your Offer = $320K – $100K – $32K – $40K
Your Offer = $148,000
Want the Cliff Notes Version?
Your offer is the After Repair Market Value minus all of our costs and profit. Simple, transparent, straightforward.
Get Your Fair Cash Offer: Start Below!We buy houses in ANY CONDITION in NE. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (402) 578-4003...
Relax, we’ve got this!
15 minutes of your time and we will be out the door. You will know right away what the as-is value of your house is.
If you decide to decline our offer, that’s OK! We can’t buy every house we look at.
100% free, no pressure. You will be glad you contacted us.
OK, you accepted the offer, now what?
Good news! You can pick the date of the sale. We have preferred title companies in both Omaha and Council Bluffs where we do repeat business, so they are very accommodating to us when scheduling closings. 2 weeks to 1 month is a typical turnaround for a closing date, but we have closed in as fast as ONE BUSINESS DAY! I’m not even kidding. We were able to close one day after an owner accepted our offer because there was a foreclosure auction scheduled 2 days later (that was a little stressful, but it worked out great).
We also work with homeowners who are buying or renting a different home, and need to make sure their house sells before moving everything out. Just let us know your perfect scenario, and we can likely make it happen.
Once we figure out the target closing date, we email the purchase agreement to the title company (copying you on any emails) and give them the earnest deposit check. Then, we just wait for the closing date. The title company will contact you to coordinate a time for you to sign closing documents and pick up your check (you can also request the money to be wired to your bank) after the closing. You are done!
Annie Bruner recommends Red Ladder Property Solutions
By far the EASIEST and most HONEST real estate transaction we have ever experienced! These guys are the real deal! They are fair, honest and were able to close the deal without any headaches or concerns. They just plan GET IT. I can’t imagine selling a home any other way! Thanks guys!
Holly Johnson recommends Red Ladder Property Solutions
Brandon and Owen were wonderful to work with! My Husband and I found a new house that we fell in love with and did not want the hassle of getting everything ready in order to put our other house on the market. We reached out to Red Ladder and they not only called us back right away, they came out the next day and gave us an offer several hours after they stopped by! The process was fast, efficient and it took a HUGE load off our shoulders! We are truly grateful.
Lisa Conover recommends Red Ladder Property Solutions
Red Ladder Property Solutions is so easy to work with! They are very detailed, communicate well and are organized. That is such a refreshing way to do business, keep up the great work!
You Have Read Along this Far, Why not Take the Leap and Contact us?
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Cash, quick closings, no commissions
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Peace of mind knowing you have your problem house SOLD
Focus on your life ahead – let us take care of your unwanted house.
We buy properties in every part of Omaha – from Bellevue to North O, from Council Bluffs to West O. Give us a call today to see if we can buy your house.