How Do I Sell My House in Dallas, Texas?
Sell Your House Fast in Dallas, TX For Cash!
Selling a house doesn't have to drag on for months or cost you thousands in repairs and agent fees. With Able Buys Homes, you get a clear process that puts you in control.
Here's how it works, simple, fast, and stress-free:
How to Sell a House Fast
Walkthrough and Assessment
We begin the process by scheduling a walkthrough of your property. During this visit, we bring along our trusted contractor to evaluate the home and provide a precise estimate of the repair costs needed to renovate it.
For instance, take your kitchen in its current state: it may be functional, but could benefit from updates to compete effectively with other homes on the market.
Determine Needed Updates
Next, we'll compare your home to similar houses in your neighborhood to determine its potential market value. For example, consider your neighbor's house across the street:
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- They renovated their 70's kitchen with new cabinets and quartz countertops.
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- Additionally, they invested in a new roof, updated siding, and modern flooring.
Here's what their kitchen looks like now:
Thanks to these improvements, their home sold for $300K, showcasing the value of strategic updates.
How We Determine a Fair Cash Offer For Your House
After the walkthrough, we calculate the cost of essential repairs needed to bring your home to its after-repaired market value. For instance, if renovations are estimated at $70K, this figure is factored into determining your home's post-renovation value.
Here's what happens next:
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- Due Diligence: We carefully review the contractor's repair estimate and perform additional research to ensure the numbers are accurate.
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- Transparent Offer: Within 24 hours, we'll provide you with a fair and competitive cash offer based on your home's current condition and its potential value after renovations.
This means you won't need to spend a dime on repairs or worry about finding contractors, we handle everything for you.
Our contractor provides us with a detailed and accurate estimate for the Cost of Repairs (COR). The more precise these numbers are, the higher your cash offer can potentially be.
We carefully review the contractor's estimate and conduct our own due diligence to ensure every detail is accounted for. This allows us to present you with a fair, honest, and transparent cash offer within 24 hours.
For example, if our contractor estimates the repairs at $70K, we use this figure as part of our calculation to determine your home's true value and offer you the best possible deal.
Here's How Able Buys Homes Makes Cash Offers
We keep our offers simple and transparent. Our goal is to give you the best possible cash price while making sure the deal works for both sides.
[Your Offer] = [After Repair Value] - [Renovation Costs] - [Transaction Fees] - [Our Margin]
After Repair Value (ARV)
ARV is the price your house could sell for after it's fully fixed up. We look at recent sales of similar homes in Dallas, Texas to figure out a fair number.
Renovation Costs
We estimate the repairs needed to bring your house up to market standards. The good news? You don't have to do any of this work. We handle it after we buy.
Transaction Fees
If we were to list the home after renovations, there are costs involved (closing fees, holding costs, marketing). These usually run about 10% of the ARV. We factor those in, but you don't pay them. We cover everything.
Our Margin
We make our money by doing multiple deals with reasonable profits instead of chasing big margins. That way, we can give you a fair cash offer and still keep our business running.
Now We Are Ready To Make You An Offer!
Here are the numbers:
As-Is Value
$190k
ARV (After Repair Value)
$300k
COR (Cost Of Repairs)
$70k
Our Selling Cost
10% x $300k = $30k
Let's say Our Profit For This Purchase
$45k
[Your Offer] = [After Repair Value] - [Renovation Costs] - [Transaction Fees] - [Our Margin]
Your Offer = $300k - $70k - $30k - $45k = $155k
Your Offer = $155k
Analyzing Your Offer:
Imagine your house is valued at $190,000 as-is. This means if you listed it with an agent, you might sell it for that price without making any repairs.
However, after deducting approximately 10% in agent fees and closing costs- about $19,000-your actual take-home amount would likely be closer to $171,000. Additionally, this process could take 30-60 days or more from the time your house hits the market, and there's no guarantee it will sell at that price-or sell at all.
Here's where you have two clear options:
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- Option 1: Sell your house quickly for a guaranteed cash offer of $155,000 and close in as little as 10-30 days.
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- Option 2: List it on the market, aim for $190,000, and hope to walk away with $171,000-assuming financing doesn't fall through and there are no delays in closing.
But what if the cost of repairs (COR) came in much lower than expected? For example, instead of $70,000, let's say it's only $50,000. Suddenly, the equation becomes far more compelling.
As-Is Value
$190k
ARV (After Repair Value)
$300k
COR (Cost Of Repairs)
$50k
Our Selling Cost
10% x $300k = $30k
Let's say Our Profit For This Purchase
$45k
[Your Offer] = [ARV] - [COR] - [Our Selling Costs] - [Our Minimum Profit]
Your Offer = $300k - $50k - $30k - $45k = $175k
Your Offer = $175k
That's almost $5,000 more than what you would net if you had listed it as-is on the market with a real estate agent. Remember, after accounting for agent fees and closing costs, you would only walk away with $171,000.
Ready to See Your Offer?
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