HOW DO I SELL MY HOUSE IN OREGON FAST FOR CASH?
WE OFFER CASH FOR YOUR PORTLAND HOUSE FAST
SELL YOUR HOME THE SIMPLE AND MODERN WAY WITH SIMPLY SOLD HOMES!
Simply Sold Homes, buys houses in and around Portland (and other areas tool). We’re not listing your house… we’re actually the ones buying your house. because we pay cash, we’re able to close quickly… or on your schedule. Like we’ve mentioned, when you work with us there are no fees… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs. having to come out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house As-Is)
Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location. Sell your home the simple & convenient way with simply sold homes.
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Get started by filling out the secure form below or giving us a call to (503) 773-0004. Don’t worry, we do not share your info with anyone else!
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SET AN APPOINTMENT WITH US TO VISIT YOUR HOME AND TO MEET WITH YOU.
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RECEIVE A “NO OBLIGATION” CASH OFFER WITHIN 24 HOURS AFTER OUR VISIT.
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Close on the date of your choice at a reputable closing office or in the comfort of your home — Cash in your hands!
By dealing with direct cash buyers like us & skipping the middleman such as Realtors, banks, appraisers, etc., selling your home fast becomes a lot easier! On this page, you’ll find a simple AND detailed explanation of the whole process. Please continue reading 🙂.
We’re very flexible & easy to work with, and the process is simple, without pressure, and 100% free.You can Sell Us Your Home For Cash in a few days, or a few weeks/ months. Whatever works for you!
Sell to Simply Sold Homes Your Cash Home Buyer, The Details...
I’m sure you’ve seen a bunch of similar websites, or gotten some mailers from other companies claiming they will buy your house for cash, and that you can sell your house fast to them. Since you’re on our “How it works” section, I’m assuming that like most of our sellers, you’re probably still wondering…
How does this whole “we buy houses cash” process REALLY
work? It can’t be that simple, can it?
Well, in short, yes, selling your home in Oregon fast for cash is a very simple and easy process – for YOU. For us, it’s a little different story. There’s a lot of work that goes on in the background on our end, to make sure that the home selling experience goes smoothly and easily for you.
Well, that doesn’t really answer my question….
Yeah, I know. That’s why below I’ll give a clear, straightforward & simple explanation of how our cash home buying process looks like from beginning to end, and what you can expect to happen if you decide to reach out to us. Keep in mind that selling your home fast for cash may not be the best option for you. Please read below to fully educate yourself on how the process works, so that you can make a well informed decision when it comes to selling your home.
Have These Questions In Mind?
Click below to jump to the answer:
- What info will you need from me?
- Do i get my cash offer right away on the phone?
- Are you going to lowball me?
- Do you provide other options or only cash offers?
- How do you calculate your offers?
- What happens if accept your offer?
- How long does the closing process take?
- Why should I sell to you and not list with a Realtor?
- How do! know you will really close and that this isnot a scam?
- Have additional questions?
SELL YOUR HOUSE FAST IN OREGON & GET A GREAT OFFER!
WHAT INFO WILL YOU NEED FROM ME?
Ok, so you decide to reach out to us. What happens then? If you contact us during business hours (9:00 a.m. — 6:00 p.m.), one of our friendly “House Helpers” (you can see who they are here) will either pick up the call, or call you right back. The call only takes a few minutes. They will ask you for some basic info about your property, listen to your needs, answer any questions you may have, and offer guidance and recommendations to assist you in your home selling journey, even if that means we’re not the best option for you.
DO 1 GET MY CASH OFFER RIGHT AWAY ON THE PHONE?
The short answer is no… We do not give the exact offer over the phone right away. We can, however, give you a range of where our offer will most likely be at.
WHY NOT? | KNOW OTHER “WE BUY HOUSES” COMPANIES GIVE AN OFFER RIGHT AWAY OVER THE PHONE, OR PROMISE TO GIVE YOU A CASH OFFER FOR YOUR HOME WITHIN 7 MINUTES!
Well, the problem with that is that most of these companies will just give you a bogus inflated offer, try to lock you up in a contract, and then use an “inspection report” to ask you for a huge price reduction at the end of their inspection period. We’ve seen this tactic used A LOT of times by many investors in our market, and we hate it! We hate that it gives our profession such a bad reputation and the pure dishonesty that goes with it.
THAT’S WHY…
When you call us, our House Helpers will just get the basic info from you, to make sure that working with us really makes sense for you. If you feel that the options we have available are worthy, our House Helpers will schedule an offer appointment (which can be done the same day, either by phone or in person) for you with one of our experienced Buying Managers. Before the appointment, he will do in-depth research on the property so that he can give you the highest and best offer, suited for your individual needs.
HOW DOI KNOW YOU’RE NOT GOING TO MAKE ME A LOWBALL OFFER?
I’m glad you asked — It’s in our best interest to make you a good offer that you are happy with because that’s how we stay in business. No rational person would accept a ridiculous lowball offer, so it wouldn’t make sense for us to make you one! Our business is buying (houses or condos, townhouses, etc.), and we can’t buy houses if our offers don’t get accepted.
One thing to keep in mind is that we have several different options as far as what type of offer we can make you. If you choose the fast cash offer for your home, our offer will be for, but it will not be “full market value”. However, we’ve made our business as efficient as possible so that we can afford to make higher cash offers compared to other home buyers!
Some of our other options do allow us to offer you even more than full market value, but these offers will not be a “sell my house fast for cash” type offer. Give us a call at (503) 773-0004 or contact us through the online form to learn about the other options we can offer you.
DO YOU PROVIDE OTHER OPTIONS OR ONLY CASH OFFERS?
Great question. In the beginning, we used to only offer cash for properties with the intention of renovating them and reselling. However, over the years, we’ve developed our team and capabilities to be able to serve more homeowners in a variety of different situations. We’re now able to help you even if you are not in a rush to sell, but prefer to get more for your home vs. a discounted cash offer.
Below is a short summary of our main offer “packages”. We do have additional options that are not listed below. If you have more questions about any of these options, or how we can help with your unique situation, our “House Helpers” will be happy to answer them when you call or submit your information on one of the webforms on this page.
If you scroll a bit lower on the page, you’ll see a detailed explanation and an actual case study of how we calculate our “Standard” cash offer.
So, how do you calculate your offer to buy my
home for cash?
We make our cash offers based on 4 things:
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The “After Repair Value” (ARV) of the property
This is what the property will be worth on the open market after we finish renovating it, just like how you see on HGTV. From this value, we deduct the costs detailed below to arrive at the standard cash offer amount.
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Cost of Renovations (COR)
In order for us to maximize the value of the property, we need to renovate it and make it look like it’s brand new.
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Our Selling Costs
This is what it would cost us to resell the property after we buy it from you. Although you don’t get charged Realtor commissions or closing costs when we buy it from you, we, on the other hand, have to pay those costs when we resell the property. We also have to pay holding costs such as taxes, insurance, HOA fees etc. Our selling costs usually come up to about 10% of the resale price, or the ARV.
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Our Minimum Required Profit
Yeah, I know, it sucks that we have to make a profit © but we really do. We wouldn’t be able to support our families, pay our employees, pay our contractors and buy houses, if we didn’t make a profit when we resell them.
However, we keep our profits to a minimum so we can afford to pay you more for your house and get more of our offers accepted!
Through the years, and after losing over $500,000 on properties that we shouldn’t have purchased (we’ve made some dumb mistakes…), we learnt that our minimum required profit needs to be about 10% of the ARV, or $10,000 minimum. That means that if we buy a property, fix it up, and then try to resell it for $300,000, we need to make at least $30,000 on the transaction.
Ready for the Magic Formula?
Our Standard Cash Offer for Your Home =
(AFTER REPAIR VALUE) X 80% MINUS (COST FOR RENOVATIONS)
For example – Let’s say your home, after it’s all fixed up and remodeled, would be worth $500K. And let’s say it needs about $100,000 in repairs, our cash offer to you would be calculated like this:
$500K x 80% = $400K, minus $100K in Repairs = $300K Cash Offer.
That’s it! All we care about is how much we can sell the house for after we fix it up, and that we can make some money doing so. We don’t care how desperate you may or may not be to sell. Actually, most of our sellers are not desperate to sell at all, and since we provide them with such great service, they are happy to give us awesome reviews and testimonials.
See the numbers in action on a house we recently bought:
2300 NW Portland, OR
The Seller
Ms. Renae called us and wanted a fast cash sale on her house. she had a foreclosure sale coming up in about a month and she didn’t want to waste time by listing the house with a Realtor. The house needed some updating and she didn’t have the funds to fix things up. She also needed help finding a place to move to after the sale, so she gave us a call.
The House
This was a family house in Northwest Portland, Oregon. The property was in decent condition and had not been updated in 40 years. The home needed a lot of cosmetic work and we did a major rehab throughout the property.
The Deal
We estimated the repairs to be around $100K and for us to be able to resell it for around $525K after we fix it up. Based on the magic formula, here’s how we calculated our offer: $320K (ARV) minus $100K (repairs) minus $52.5K (selling costs) minus $52.5K (our min profit) = Offer of $325K. Ms. Renae really needed $5K more so we ended up agreeing on a $325K fast cash sale (closing in 2 weeks).
So how much did we really end up making on it?
The whole project took us about 4 months. Repairs ended up being $104,000 and we ended up selling it for $523,000. Our profit came up to $45,548. Considering we raised our initial offer by $5K to make the seller happy and get the deal done, our estimates were pretty close on this one.
What happens if I accept your offer? How long does the closing process take?
As with all the “Cash For Houses” companies in Oregon, our closing process usually takes about 2-4 weeks, depending on the urgency. If you need a faster or longer closing time frame, we can definitely work with you. Below is a simple yet detailed outline of the closing process:
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Opening Escrow & Ordering Inspections
Once you decide to sign the simple 2 page purchase and sale agreement, our Buying Coordinator, We, will reach out to you to introduce himself. He will also send the contract to the title company for them to order title and lien searches. We will schedule with you an inspection of the property so we make sure our repair estimates are on point.
Timeline = Normally 24-48 business hours
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Conducting Inspections & Reviewing Title/Lien Searches
Here’s where we conduct the home inspection, review the inspection report, and also review the title and lien searches that the title company and the city provide. If anything comes back on those searches that need to be addressed, We will contact you to determine the next steps. Sellers find us to be very creative and able to find a solution for almost any title/lien problem!
Timeline = Normally 1-2 Weeks
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Scheduling the closing & Getting You Cashed Out!
We’re ready to close and get you paid! We will reach out to you and see when would be the most convenient date/time for you to close. We can either schedule you to go to the title company or send a mobile notary to your location. Once you sign closing docs, the cash is either wired to your bank account or you get a certified cashier’s cheque from the title company. This usually happens on the same day, but can sometimes be delayed to the next business day.
Timeline = Normally 1-7 Days
Why should I sell to you and not list with a Realtor?
SELLING TO US
| You Pay Zero Commissions or Closing Costs | |
| Guaranteed Offer. No need to wait for months to find a buyer | |
| Close within 3-30 days or on your time frame | |
| Sell in “As-Is” condition without making ANY repair | |
| No showings, open houses and endless walkthroughs | |
| No appraisal or financing contingencies – guaranteed cash offer |
SELLING WITH A REALTOR
| You normally pay 6-7% commission and 2-3% | |
| Sometimes you need to wait 6-12 months to find a buyer | |
| Closing can take 60-90 days after accepting an offer | |
| Most buyers ask for you to make some repairs before closing | |
| Sometimes more than 20-30 showings and open houses | |
| Deals often fall through because of appraisals and banks |
SCAM ALERT!!!
How do I know you will really close and that this is not a scam?
With so many newbie investors and scam artists out there I’m not surprised you’re asking this… Vetting your buyer to make sure they will actually close, is usually more important than getting the highest offer for your home. We get a lot of sellers calling us after their 1st or 2nd buyers fall through and cancel the sale on them. Needless to say, they are frustrated and distrustful of investors. That’s where Simply Sold Homes Cash Buyers is different. We make honest and transparent offers, with the intention of getting them closed! That’s why we get so many positive reviews and testimonials.
How can you protect yourself from falling for the scam artist trap?
Quite a few ways actually…
- Ask for proof of funds – Does the “Cash” buyer really have the cash to be able to buy your house? Many times they don’t!
- Contract terms – Don’t fall for a tiny deposit or crazy long inspection periods (7-10 days is normal, some buyers ask for 30 days of inspection or more!). Watch the “additional terms” of the contract for possible back-out clauses allowing the buyer to back out of the contract for basically any reason they make up.
- How long has the buyer been in business? You want to look for someone that’s been around
for at least 4-5 years and knows the in’s and out’s of the complex Real Estate industry. - Can you verify that the buyer actually buys & sells properties? One easy way is to look up the company name in public records and see if there are any deeds recorded under their name.
- Finally, does the buyer have any online reviews or testimonials to show that they are legit? We do, and a lot of them… Just a hint.
Still, have questions or want to know how much we can pay for your home?
Feel free to give us a call or text to (503) 773-0004 or fill in the secure form below. Our offer is 100% free, and you have absolutely no obligation to accept it. What Do You Have To Lose? Get Started Now…
So Many People Happy About Our Services – We Know We Can Help You Too!
There’s ZERO Risk for You to Contact Us &
Get an Offer – You Can Always Say “No”!
