How Do I Sell My House In Washington DC Fast For Cash?
We will meet you at your property to estimate repair costs. Within 24 hours, we will present you with our.*
We close with a reputable local attorney, which meanswhen YOU want to close!
*Due to COVID-19, we can arrange a video tour of your home among other options. We respect your safety and want to make sure you are comfortable during this challenging time. If we do arrange an in-person walk-through, we will be wearing masks and gloves.
Selling Your House In Washington DC Fast
1) What Info Will You Need From Me?
Sell your house in Washington DC fast by helping us gather some basic information about your home sale such as your timeline for selling your property.
This will help us figure out how we can provide the best solution for you.
We will go over all potential options for your home sale to figure out if working together is in your best interest.
If, together, we decide to move forward, we will schedule a walkthrough of your property when you’re available to determine repair costs.
2) Do You Give Your Cash Offer Right Away On The Phone?
No… We do not give our exact cash offer during the initial phone call.
Why Not? Other “We Buy Houses” Companies Make Offers Right Away On The Phone…
These companies will give you a wildly inflated offer to bring you in and lock you up in a legally binding contract.
Then they will use an “inspection report” to come back and ask for a major price reduction.
This tactic is used more than you would think by several buyers in our market.
It gives cash home buyers a bad name, and we can’t stand it!
3) How Do I Know You’re Not Going To Lowball Me?
If we made lowball offers, we would not be in business…
It is in our best interest to make you the highest possible cash offer because that is how we will beat our competition!
Our entire business is based on buying houses around Washington DC.
If we can’t make fair offers, then we can’t buy houses.
How Our Offer is Calculated…
[YOUR OFFER] = [ARV] – [REPAIR COSTS] – [SELLING COSTS] – [ROI]
This is the market value of your home after we buy and renovate your house.
This is what we estimate our cost will be to update the house to current market conditions, and it’s what you are saving (along with your time) if you sell your house to us!
This is an estimate of the cost of selling commissions, excise tax, property tax, utilities, insurance (title and property and escrow fees.) It’s typically around 10% of the ARV.
This is how we pay our contractors and keep the business running. If we didn’t return some level of profit, we wouldn’t be a great business!
“I Don’t Like Formulas. Can You Break This Down For Me?”
The market value of your home (after we update it) minus the costs to repair it and our profit equals your offer.
Check Out A Real Case Study
Look at the kitchen in this picture.
Not the worst you’ve seen, right?
But, let’s be fair.
It could use some updating…
Now let’s think about your neighbor across the street with the same house as yours.
He updated his 60’s kitchen and bathrooms with granite.
He paid for a new roof and went from carpet to hardwood floors.
Imagine if your house looked like this now…
Well it makes sense that he sold it for $600,000– it looks amazing!
In order for us to also be able to sell your house for $600K, we need to update your house to at least the same condition as your neighbor’s home!
Because there is no way we could sell your house in its current state for $600K when all the other houses for sale in your area are upgraded and modern like your neighbor’s.
Would you, as a buyer, be interested in buying a house in older condition for $600K when a much nicer house sells for the same price?
No, of course not!
So let’s ponder the question…
Here is where The House Guys come in along with our local contractor…
We try to bring our contractor to the initial walkthrough so that we can get an exact estimate on what needs to be repaired and upgraded.
At the end of our walk-through…
We tell our contractor that we need granite countertops because our neighbor who sold his house for $600K has granite as well as hardwood floors, upgraded appliances, a new roof, etc.
Our contractor gives us an accurate estimate for the Cost Of Repairs (COR).
The more accurate these numbers are, the more accurate (and the higher) your offer will be!
We take our contractor’s estimate home and do our research so we can make you a fair offer within 24 hours…
Say our contractor gives us a cost of repairs of $100K...
ARV (After Repair Value) = $600,000
COR (Cost Of Repairs) = $100,000
Our Selling Cost = 10% x $600,000 = $60,000
Let’s say Our Profit for this purchase = $30,000
[Your Offer] = [ARV] – [COR] – [Our Selling Cost] – [Our Profit]
Your Cash Offer = $600K – $100K – $60K – $30K = $410,000
We’re Not Done, Yet! Let’s Analyze Your Offer…
So, let’s assume your house is worth $460K as-is, meaning if you listed it with an agent you could sell it for $460K and make no changes.
However, after 10% in agent fees and closing costs, you will probably get about $414K for it, and that’s after it will be on the market for months?!
And no one can guarantee the house will actually sell for $460K.
Option 1: Sell it for a guaranteed cash sale of $410,000 in as little as 7 days.
Option 2: Hopefully sell for $414,000 where, if all goes well, bank financing doesn’t fall through and your closing date doesn’t get delayed.
What if the cost of repairs was $60,000 instead of $100,000?
Let’s look at the numbers again…
ARV (After Repair Value) = $600,000
COR (Cost Of Repairs) = $60,000
Our Selling Cost = 10% x $600,000 = $60,000
Let’s say Our Minimum Profit for this purchase = $30,000
[Your Offer] = [ARV] – [COR] – [Our Selling Cost] – [Our Minimum Profit]
Your Cash Offer = $600K – $60K – $60K – $30K = $450,000
That’s right! Almost $40K more than what you would get if you had listed it with a real estate agent (remember that you would only get $414K after all agent fees and closing costs.)
Don’t forget, our offers are based on the numbers, not on how desperate you might be to sell.
What Makes Our Offers Better?
“World’s Best Coffee!”
“America’s Favorite Burger.”
Always an exaggeration, right?
They never explain why!
The House Guys are not a one trick pony.
Although our main focus is fast cash offers for your home, we have several different options (none of which involve realtors) that we can make you.
If you choose the fast cash offer for your home sale, we guarantee our offer will be honest and fair.
However, it will not be for “full market value.” (We’re just being honest.)
Our cash offers will be as high as we are able to make them due to how efficient we’ve made our business over the years.
Some of our other home sale options can bring you even more than full market value. You read that right, more.
However, these options depend on the type of property you’re holding, etc.
Give us a call at (571) 207-5171 to learn about these other options. We are happy to help. 🙂
Why Sell To You Instead Of Listing With A Realtor?
Even in a seller’s market, it’s smart to look at ALL of your options (check out our blog to help with this exploration) to see what will actually help you best reach your goals with the sale of your house.
While you may be able to get a higher “top line” sales price listing with a local agent, that doesn’t always boil down to more money in your pocket or less headache.
Let’s compare selling your house in Washington DC to The House Guys vs. a local realtor…
Selling To The House Guys
- You pay 0% in commission and NO fees.
- We pay ALL closing costs.
- Close within 7-28 days or on your timeline.
- Sell in “as-is” condition without making any repairs.
- No formal inspections.
- No open houses or endless walkthroughs.
- No appraisal or financing contingencies.
Selling With A Realtor
- You typically pay 6% of the sales price in commission.
- You pay 2%-4% of the sales price in closing costs.
- Closing can take 60-90 days after accepting an offer.
- You need to make repairs to bring your home up to market standards.
- Many buyers request an inspection, which can drop the sale price or result in more repairs.
- Sometimes there are 20+ showings and open houses.
- If an appraisal comes back lower than expected, you may be forced to lower your sale price.
“How Do I Know You Will Close? And That This Is NOT A Scam?”
There are so many new investors and scammers out there that you’re smart to be questioning this. Getting the highest offer for your home means nothing if the buyer cannot close and the deal falls through. It’s very common for sellers to reach out to us after one (or sometimes multiple) failed closings with other buyers. They are frustrated and distrustful of investors.
That’s where The House Guys are different. Our team of two makes honest and fair offers with the intent to close, always. That’s why we receive so many positive reviews! 🙂
“How Can I Avoid Being Scammed?”
A business’s website is a direct reflection of who they are as a business and personally. If a business owner fails to take pride in their website, they don’t take pride in their business and may not be the wisest choice to do business with.
A legitimate business will have reviews online. We’re not talking about text inserted on the business’s home page… Verify there are reputable Google or Facebook reviews.
Don’t fall for a tiny deposit that doesn’t get delivered to escrow for 30 days (The House Guys deposit within 48 hours). Many scammers use “weasel clauses” to leave a backdoor open for themselves. These are signs a buyer is not serious about closing.
Still have questions? Please visit our frequently asked questions page or give us a call or text to find out more at (571) 207-5171. We are happy to chat with you before you submit your property information. 🙂
We Are Cash Home Buyers In DC, Virginia, & Maryland
The House Guys value honesty, integrity and transparency. We eliminate all of the drawbacks that come with selling your house the traditional way. We do not rely on lender financing– we have our own cash. We buy as-is and close on your timeline. Unlike agents, we do not charge commission or fees. If you need to sell your house in Maryland, Washington DC, or Virginia fast, we truly believe we are a great option! We are ready to buy your house right now, and it all starts by filling in our form.