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Our Process Is Fast And Easy
Sell Your House In Just 3 Steps
How Do We Buy Houses In Greeley Colorado?
Selling your house doesn’t have to be stressful. We’ve simplified selling your house in Colorado into three easy steps. Since we buy houses with cash, there is no need for banks, appraisals, or repairs. We can make you a fair offer on your property in 24 hours or less.
Get Cash For Your House In 3 Simple Steps
STEP 1
Call or request an offer online, it’s fast and easy
We work with you to learn more about your property and set an appointment to meet with you or receive pictures of your property.
STEP 2
Meet with us at your home or send us pictures
We will walk the property with you. Once we view the property or pictures that you send us, we present you with a fair cash offer.
STEP 3
Choose your closing date and move on your schedule
We can close on your schedule, whether you need a fast or slow closing. Sell your house on your schedule.
Seller reviews
We work with homeowners in Colorado to sell on their house on their terms.
And that’s how to sell a house in Loveland for cash
Okay, that all looks easy, but it still doesn’t really answer anything, right?!
We understand that many of the people we deal with have little to no real estate experience. Selling a house can seem complicated if you only do it once or twice in your entire life. As a result if a seller is unfamiliar with the process it can put them in a vulnerable position.
At Colorado Property Partners it is our personal and professional goal to be as honest and transparent as possible. Real estate can be very personal and the stakes are high. It is important to us your thoughts are heard and you feel comfortable working with us. You can read about Who We Are Here .
Okay, Colorado Property Partners, sure, we like you guys, but what we really want to know is how low is a cash offer going to be?
Good question, and, in all honesty, it will probably be lower than you expect. It almost always is, and not because we write lowball offers – we don’t! – but because sellers many times may not see all the cost associated with rehabbing and selling a property.
I’ll walk you through our formula and then give you an example so you understand the process better and can make a truly informed decision. If you’re interested, follow this link to a lengthy blog post I wrote on All the Pros and Cons of Selling for Cash. After that, you should also understand how to sell a house for cash.
To Get Your FREE Offer On Your Home, Fill Out The Form Below
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Before I dive into the formula and numbers, I want to run through a quick, non real estate analogy:
Let’s say you needed to go and buy a used car. A dealer has two cars available:
- One costs $2,000 but also needs $1,500 worth of work. Once it’s fixed up it would be worth about $4,500.
- The other car is pretty similar and he’s asking $4,500.
Which would you buy? Of course the answer is obvious. There’s simply no reason to do the extra work on the car, much less the possibility of making any money doing it!
Selling a house for cash is very, very similar! The numbers are just bigger!
Now, let’s look at this formula, here it is:
ARV – Repair Costs – Selling Costs – Holding Costs – Profit = Our Offer
As I mentioned before, our Offers are based on the Market Value of a home, and not individual situations. What I mean by market value, is what the home will be worth after all the repairs are made and issues addressed, we call this the After Repair Value, or ARV.
And the other terms:
Repair Cost: Simply put, the cost of performing all the necessary repairs and updates needed to bring a property up to Market Value (what the neighbor’s houses are selling for).
Selling Costs: When you sell to us you don’t pay any agent commissions or closing costs, but when we fix it up and then turn around and sell it again, WE DO! 8-10% of sales price is normal, depending on the value of the home.
Profit: Our minimum profit. Yes, we are running a business here, and hopefully a profitable one. This number will vary depending on the amount of risk, the total project cost, the holding time involved, and a few other factors. As a general rule, we try to make around $45,000 per deal.
AS-IS Value: This is the value of the property as it sits, or what you might be able to get for it if you list with a Realtor and sell to a traditional buyer on the MLS. This is in no way certain, but it’s a number that tries to take into account updates needed on a property and to price it accordingly.
Finally, an example…
A house we bought
Here is an actual house we bought last year, fixed up and sold to a nice family:
This home today is probably worth somewhere between 500 to 520K (at least I hope!), so let’s say the market value is $510,000.
But, when we bought it, the owners had damaged and trashed the house. It also needed some larger ticket items that had been put off for some time.
The property needed about $45,000 in repairs.
So, is the the house is worth 510k and needs 45k in repairs, then we can pay 373k… Remember the car example?
We paid $373,000 for that house, and here’s what that looks like:
$510,000 (ARV) – $45,000 (Repair Cost) – $25,500 (The cost we’d incur when we sold) – $22,00 (Holding Costs until sold) – $45,000 (Profit ~ Or our ‘Equity Position’) = $373,000
This particular house ended up being a win-win for everyone. We made a cash offer, closed in two weeks, and the seller got rid of all the headaches and was able to put around $80,000 in their pocket!
A Few Things to Remember:
- We buy houses ‘AS-IS.’ You won’t have to fix or clean anything up, and we’ll never come back to you later.
- We pay cash. If you have sold any houses before you’ll likely realize that this makes the entire process smoother, easier, and most of all, possible, where bank financing is not an option.
- We close fast and you pick the date.
- We never lowball, and always offer as much as we possibly can and still run a business.
Yes, Selling Your House For Cash Can Be A Quick And Simple Process
Colorado Property Partners buys houses in and around Greeley (and other areas too!)
See what we can offer you for your house…
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