How Do I Sell My House?
New Leaf Home Buyers have made it easier than ever to sell your house quickly and put cash in your pocket.
Sell Your House To New Leaf Home Buyers…
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Call us at (484) 928-0200 or fill in our simple form below. Once we have a few details, we put together an offer for you.
Sell Your Philadelphia House Fast For Cash Today 💰
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We will meet you at the property and review any questions you may have. We then present you with an all-cash offer.
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If you like our cash offer, we close at a local reputable title company on your chosen date. It’s really that easy.
So, How Does It Work…
There are a lot of signs around town that say “we buy houses” or you’ve gotten something in the mail from companies who want to buy your property. They all seem like they have one thing on their mind – “We Buy Houses For Cash.” But it can be hard figuring out if their offer is legitimate because sometimes these offers include conditions, which make them even more confusing! See how it works when you sell your house to New Leaf Home Buyer.
Exactly how does the “we buy houses for cash” process work? Can it seriously be THAT EASY?
We’ll take care of everything! We make selling your house fast for cash easy and straightforward. There’s no need to do any work other than let us know when you’re ready because that is all our team does – handle the details so sellers like yourself aren’t stressed out by anything else in life while they focus on their most important tasks like getting into your new place.
That sounds perfect, but I’m still not clear how it works…
The process of selling your house fast for cash can be a little unclear if you’ve never done it before, but we have almost certainly heard the questions before. Below we outline how our home buying process works and what you can expect when working with us!
How do you figure out an offer price to buy my property?
We make our cash offers based on these four criteria
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After Repair Value “ARV” of the Property
ARV is the value of your house or property after it has been renovated or redone. You arrive at an ARV by calculating local comparable sales that have sold fully renovated in the general area.2
Renovation Cost (Cost of Repairs We Will Make)
After we purchase a house, we usually need to make repairs and upgrades in order to improve its market value and bring it up to code. These kinds of upgrades range from repainting the house to replacing the bathroom tile to adding a back porch to redoing the landscaping, and more.3
Our Selling Costs
When the property is ready to be sold again, we know that certain costs are going to come with that process. Remember, you will never have to pay any commissions or fees when you’re selling your house to us. That said, we will almost certainly have to pay some of those costs, including taxes, insurance, HOA fees, and more. So, we need to consider those costs when we make our offer.4
Our Minimum Profit
Since we’re a business and we do this to support our employees and families, we have to consider potential profits whenever we buy a house for cash. That said, we want to make sure it’s clear that we try our best to keep our profit to a minimum because we want to make sure we pay you we are paying you as much as we can for your house or property.Want to see how we calculate our cash offer?
Our Cash Offer = After Repair Value (ARV) – (Renovation Costs + Our Selling Costs + Our Minimum Profit)
For Example – So, let’s say the After Repair Value (ARV) of your property is $300,000 after we’ve renovated it and we had to pay for $40,000 worth of repairs in order to make it market-ready. Here’s how we would calculate our cash offer to you: $300,000 – ($40,000 in repairs + $30,000 in selling costs + $18,000 minimum profit) = Our cash offer would be $212,000.
There you have it! Now you know how we calculate cash offers! Our goal is to always try to make you the best offer possible while also making sure we can take care of our team. Regardless of the housing situation that you’re in, we will promise to make the best offer we can for you and your family. There’s a reason most sellers we work with decide to do so instead of working with a real estate agent because of our simple process and the quality of our cash offer. Just take a look at our reviews and testimonials to see what clients and others are saying about working with us.
I’ve accepted your offer, now what? How long until we close?
Just ask any of the “companies that buy houses” and they will tell you the closing process takes around 2-4 weeks, depending on your unique situation. Of course, this assumes you want to close immediately but there is always an option for moving slower if you’d prefer. We work around your schedule and can close when you’re ready.
Once you decide to accept our cash offer on your house, we will send the necessary paperwork including the purchase agreement. Once that’s complete, someone from our team will reach out with all the information needed so there are not any issues – this includes a title search conducted by a local title company. We will also schedule our team to make additional inspections. Don’t worry! You won’t have to make any repairs. This is just to make sure we have an accurate renovation bid for once we purchase the home.
Timeframe: 24-72 Hours
Conduct Inspections & Address Any Title Or Lean Concerns
Once we complete the inspection, we will have our renovation budget. If the title company finds any title issues or liens, they will reach out to you for any additional information to remedy the problems. Once the title work is clear, we can schedule closing!
Timeframe: 1-2 Weeks
Scheduling The Closing & Getting You Paid!
Once Step 1 and Step 2 are done, it’s time for us to schedule the closing and get you paid in cash! We can close at the title company or they can send a mobile notary to you at a specific date, whatever feels right for you. Once all of the documents are signed, we’ll wire money to your bank account or we can cut you a check from the title company. Again, it’s entirely up to you. This usually happens the same day that you sign the documents, though it is possible that it can take one business day in some rare instances.
Timeframe: 7-30 days