How It Works
HOW DO I SELL MY HOUSE IN OREGON FAST FOR CASH?
WE OFFER CASH FOR YOUR PORTLAND HOUSE. HERE’S HOW...
At Simply Sold Homes, we specialize in helping homeowners sell their homes quickly and easily for cash. We can simplify things considerably by cutting out the middleman (agents, banks, inspectors, etc.) and by paying in cash. Purchasing your house we make the process truly simple and straightforward. To get a full understanding of How It Works continue reading below.
WE HAVE SIMPLIFYED SELLING YOUR HOME
WE BUY HOUSED IN 4 SIMPLE STEPS
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STEP#1
We give you a totally free and no obligation offer. Our offers are always AS IS, cash, and you save thousands on realtor fees, closing costs, and repairs. -
STEP#2
We give you a totally free and no obligation offer. Our offers are always AS IS, cash, and you save thousands on realtor fees, closing costs, and repairs. -
STEP#3
You pick the closing date! Simply Sold Homes can close in a matter of days, or set a closing date for weeks out. We're flexible. -
STEP#4
Sign your closing docs and receive your cash on the day you pick!
SELLING TO SIMPLY SOLD HOMES CASH HOME BUYERS
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” page, 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.
Why should I sell to you and not list with a Realtor?
Well, maybe listing with a realtor is really the better option for you. For some people it is. If we feel that listing with an agent would make more sense for you, we will happily let you know that on the initial call. In addition to buying your home, the licensed Realtors on our team can also list it for you. Below are some of the main differences between selling to Simple Sold Homes the #1 Cash Home Buyer in Oregon, vs. listing with an agent.
So You Want To Sell Your House Fast For Cash!
...And Still Want A Fantastic Offer!
“We Buy Houses” companies will often try to give you the lowest possible offer. This doesn’t make any sense to us. We spend time and effort doing your home analysis so we can get you cash for your home in PDX. We spend time and money driving to properties all over Oregon.
All these services are 100% FREE to you! No one will accept a low offer and we would have spent so much time, money, and effort for nothing.
How We Make Our Offers To Buy Your Portland Home
It’s In Our Best Interest To Give You Our Highest Possible Offer.
“Simply Sold Homes LLC” stays in business by getting offers accepted, and the only way to do that
is to give offers you’ll be happy with! We truly do our best to give you the highest possible offer we can give.
Now you know why we have such raving reviews!
Our Offers Are Based On Your Home’s “After Repair Market Value”
This simply means, we look at what the value of your home would be, completely fixed up. Based on this value we
will formulate your offer!
How Exactly?
- Well, imagine you have a house that you want to sell…
- Now, imagine your neighbor has the same house as yours, except for a few upgrades he made… say, he added granite countertops, a new furnace, applied a fresh coat of paint, put a new roof on, and put hardwood floors in.
- Now Imagine they sold his house for $500K.
What Do We Know Now?
Well,we know,that if we make the same upgrades to your (AFTER we buy it from you of course), bringing the house to a very similar condition as your neighbor’s house, we would also be able to sell it for $500K.
So,
We know the Market value of your house if we fixed it up (in this case $500K), and we know the cost of
repairs/upgrades. We can now make an offer that works for us. If this offer also works for you, great we close and
you get your money at closing! As you can see, we make offers based on the market numbers, not based on how
desperate you may or may not be to sell.
The Offer:
All you math lovers out there, will appreciate this section. We value honesty and transparency. We have no issues
sharing with you how exactly we formulate our offers.
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
But in order for you to understand this we need to define some terms.
After Repair Value (ARV): This is what the market value of your house will be AFTER we buy and renovate
the house. Yup we are just like your favorite HGTV flipping show.
Cost Of Repairs (COR): This is what our cost will be fixing/updating the house AFTER we purchase it from
you.
Our Selling Costs: Although we buy houses without involving agents, we on the other hand, have to use an
agent to sell that house again AFTER we have purchased it from you and fixed it up. So we have to pay agent
fees, closing costs, taxes, holding costs, etc. These are all the fees you do NOT have to pay if you sell your
house directly to us ;). This is usually 10% altogether of the selling price. (Our Selling Cost = 10% x ARV)
Our Minimum Profit: Yeah, this is a business after all, and we wouldn’t be able to stay in business, buy more
houses, pay contractors, plumbers, etc if we didn’t make some sort of profit. However, we keep this to an
absolute minimum so we can present you with the highest possible offer. See, our business model is structured
around making many deals with a little profit per deal, and not a few deals with a huge profit per deal. This
benefits all.
See the numbers in action on a house we recently bought:
2300 NW Portland, ORThe 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 $50K 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.
Our Vist: We would come in, with our contractor and if we can, our agent. (We bring our contractor and our agent to the walkthrough so that our agent tells our contractor what needs to be fixed (as he/she knows what buyers are currently looking for) and what does not need to be fixed (to save on the cost of repairs).
Our Agent: Tells us, that we need granite countertops, because the neighbor across the street that sold his house for $525. also has granite, as well as hardwood floors, new furnace, new roof, installing new appliances etc.
Our Contractor: Gives us an accurate COR (Cost Of Repairs). See, we know exactly what we will do to the house the second we are done with the walk-through and we have already completed the flip in our imagination and we know exactly what all the numbers will look like.
The more accurate these numbers are the better (and the higher) your offer will be! Let’s say our contractor gives us a cost of repairs of $100K.
Now We Are Ready To Make You An offer!
Here are the numbers:
As-ls Value = $365K
ARV (After Repair Value) = $550K
COR (Cost Of Repairs) = $95K
Our Selling Cost = 10% x $550K = $55K
Let’s say Our Minimum Profit For This Purchase = $55K
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $550K – $95K – $55K – $55K = $345K
Your Offer = $345K
“WE SIMPLY ADD THE NUMBERSUP & GIVE YOU THE HIGHEST POSSIBLE OFFER WE CAN MAKE YOU, YOU ARE HAPPY!”
Analyzing The Offer
So, the house is worth $505K AS-IS, meaning if you listed it with an agent you could sell it for $550K. Yet after 6% agent fees and closing costs you would probably get about $500K for it, and you will have fix up the house to get it ready to go on the market in 5? 6? months! And no one can guarantee the house will actually sell.
So now you have to make a decision.
Sell it for a guaranteed sale for $505K in as little as 10-20 days, or a “maybe sale” for $550K hopefully within 5 to 6 months.
~Decisions, Decisions.
BUT WAIT!!!
What If The Cost Of Repairs Was $70K Instead Of $100K?
Now things get interesting! Now the offer becomes:
As-Is Value = $345K
ARV (After Repair Value) = $550K
COR (Cost Of Repairs) = $70K
Our Selling Cost = 10% x $300K = $55K
Let’s say Our Minimum Profit For This Purchase = $55K
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $550K – $70K -$55K – $55K = $370K
Yup! That is $10,000 MORE than what the house is currently worth. and almost $32K more than what you would get if you had listed it with an agent (remember that you would only get $328K after all listing and agent fees.) Again, our offers are based on the numbers, not on how desperate you are to sell.
WANT TO KNOW YOUR NUMBER?
YOU HAVE NOTHING TO LOSE GET AN OFFER TODAY!
FILL OUT THE FORM, IT’S 100% FREE
Get Your Free Offer!
We buy houses in any condition. No realtors, No commissions, No repairs. We Buy Houses in Oregon AS-IS! Just Fill In The Form Below To Get Your All Cash Offer Today!
Offer Started!
THE SIMPLEST CLOSING PROCESS
People work with Simply Sold Homes to simplify the home selling process. We cut out the middleman by working directly with you, the homeowner. This way, we can sell your house for cash fast and easy.
Our top priority is making sure that you have a seamless and straightforward experience when selling your home. We will work with you every step of the way to ensure that everything goes smoothly. Purchasing your house should be a simple and stress-free process, and we will make it just that.
If you’re looking to sell your house for cash fast, then simply contact us today and we’ll get started. We look forward to working with you!
CASH BUYERS
We are professional cash buyers who are interested in purchasing your home for a fair price. We will work with you to make sure that you get the best possible price for your home. If you’re looking to sell your house fast and easy, then we’re the right people for the job.
EXPERIENCED HOME BUYERS
We are a team of experienced cash buyers who are ready to purchase your home. We have a proven track record of buying homes quickly and efficiently.
We work directly with you, the homeowner, to sell your house for cash fast. This means that we can avoid using agents, banks, inspectors, and other middlemen.
SKIP THE “TRADITIONAL” SALE HASSLES
We can sell your home without having to go through traditional channels such as real estate agents, banks, or inspectors. This makes the process much simpler and easier for you.
GET A FAIR PRICE FOR YOUR HOME
We will offer you a fair price for your home based on its current condition. You don’t have to worry about us lowballing you or taking advantage of your situation.
SELL YOUR HOUSE ON YOUR OWN TERMS
We are flexible and able to work around your schedule. We understand that selling your house is a big decision, so we will work at your pace.
GET A FREE, NO-OBLIGATION CASH OFFER TODAY!
If you’re interested in selling your house for cash fast, then simply contact us today and we’ll get started. We look forward to working with you!
WHY GET AN OFFER FROM SIMPLY SOLD HOMES?
Not only do we make this fast and easy for you, we leave as friends. When you work with us, we first try to solve your problems, then we give you a fair cash offer, no repairs, no closing cost, no realtor fees AND WE PAY YOUR FIRST MONTHS RENT or MORTGAGE ONCE YOU MOVE INT YOUR NEW HOME.
We feel that it is critical to work with individuals you enjoy. First and foremost, we are problem-solvers. Let's talk about your problems first, because no matter what agony you're experiencing, I'm a problem solver. Anyone can make an offer on your house, but not everyone will care about you as a person who might require some comfort.
Fair Cash Offers
Zero 0 Realtor Fees
Zero Closing Cost
AS-IS Make no Repairs
