How Do I Sell My House Fast In Knoxville?
Sell Your House For Cash In 3 Simple Steps!
Fill Out The Form
Get Your Cash Offer
Close And Get Paid
“How do I know that I am truly getting a fair cash offer for my house?”
Selling your home fast doesn’t mean we sacrifice our core values. We want you to be confident that you are being treated with respect and integrity when selling your home. That is why we always use the same formula when buying local property in Knoxville. We always explain and walk through each component of that formula.
“Why should I sell my house for cash to you instead of going through a real estate agent?”
You have several options when selling your house fast! Sometimes, going through an agent can be your best option. When you want to sell your home quickly for cash, you typically call us. We take the headaches and hassle out of house selling, but we still want you to compare your options.
“Selling my house for cash definitely seems to good to be true, what is the catch here?”
Absolutely nothing! How we calculate our offer when buying homes is actually quite simple. Below, we will explain the formula we use and what each component of that formula means! We hate math, so we try to keep it simple. We value honesty and transparency in our business, therefore, we are happy to demonstrate the exact method we use for calculating all of our offers.
[After Repair Value] – [Repairs] – [Selling Cost] – [Profit] = Your Offer
” ENGLISH PLEASE!!! What the heck is after repair value? What are selling costs? How much profit are you trying to make here?”
Lets Look At Some Examples Below
- After Repair Value (ARV)
- ARV is what your home would be worth once all repairs have been made. We run comparisons on your house to come to this number. For example, Lets assume Jim lives in your neighborhood and he recently sold his house for $250,000. Jim’s house is similar to yours in size, year built, and floor plan. Jim just recently renovated his home by putting a new roof on, updating the kitchen, bathrooms, new flooring, and fresh paint. We have a good assumption that your house would sell for $250,000 if it was updated like Jim’s.
- This is the total cost it would take to repair your home and bring it to a similar condition to Jim’s.
- Selling Costs
- Selling costs are the costs that we incur while we are remodeling the house and when we sell it. We have to pay taxes, insurance, and utilities while the home is under remodel. When we list the house, we will have advertising costs, as well as commission fees paid to realtors.
- Yes, we do have to make a reasonable profit. We wouldn’t be able to stay in business without it. In addition, we want to continue providing work to our local contractors and providing our local suppliers with more business.
- Your Offer
- 100% FREE with NO Obligation.
Lets Look At The Numbers:
After Repair Value = $250,000
Current “As-Is” Market Price = $175,000
Repair Costs = $45,000
Selling Costs = $25,000
Our Minimum Profit For This Deal = $30,000
This is actually the most recent example of our last Knoxville home purchase. Let’s assume you consulted a realtor on your home and they stated that your current “as-is” market value is $175,000. Let’s also assume that we know we can sell your house for $250,000 once we get done remodeling. Thanks to Jim for selling his house identical to yours right down the road! After viewing your property, we estimate that it will cost $45,000 to get your house in the same condition as Jims. Our Selling costs average around 10% of the after repair value (ARV).
[$250,000] – [$45,000] – [$25,000] – [$30,000] = $150,000
“Very professional. Definitely a business I can trust. I’d recommend to all my family and friends. Would definitely use again !!!”
– Cody Clower [Harriman, TN]
When you sell your home for cash to us, you eliminate the need to do any repairs! Many homeowners have no desire to take on the emotional and financial stress of remodeling their homes. Remodels always come with unplanned challenges.
In addition, some homeowners are wanting to sell their home for cash as soon as possible versus the long process of completing a renovation or having the home listed for several weeks with no offers. Negotiations for buyer credits, repairs, and many other things can take weeks to resolve. Then, when it is all said and done (45-90 days later), you owe the realtor 6% of the sales price; which is $15,000 on a $250,000 sale.
As you can see, things start to add up quickly! When you want to sell your home stress free, you call us! Unlike listing with an agent, we never ask for repairs or closing costs. And to make it even less stressful for our homeowners, we won’t even ask you to clean or remove the items you don’t want. So before signing a 6 month contract with an agent, why not give us a call first? You are under ZERO obligation to sell to us if we can’t agree on price.
“Why Would I Sell My House Fast To You For $150,000 When I Could Sell It With An Agent?”
This is another question we get a lot! And it’s valid! Lets assume you do sell through real estate for $175,000. Most buyers will request some sort of repairs and typically request some closing costs (average of 2%). If this trend held true, you would net the following after selling your house for $175,000. $175,000 – $10.500 (Agent commissions) – $3,500 (closing credit to buyer) – $2,500 (Misc. repair items) = $158,500. You would net only $8,500 more selling with an agent in this example
That is only $8,500 more using very conservative repair numbers and we didn’t even factor in mortgage payments made if the home took several months to sell.
As you can see, you have many options when selling your home. We hope to be your first call when you make the decision to sell. We help our clients whether we buy from them or not. If it turns out that we are not your best option, we will always refer you to the next step and be here to answer any questions you have along the way!
But Wait! What If Repairs were only $25,000?
Now it gets interesting! If Repairs were only $25,000, our calculation would look like this. $250,000 (ARV) – $25,000 (Repairs) – $25,000 (Selling Costs) – $30,000 (Our Profit) = $170,000. You would actually get $11,500 MORE for your house than you would selling with an agent! See why it pays to call us first!
Sell My Knoxville House Fast For Cash
Shipwash Properties buys houses fast for cash in Knoxville and the surrounding counties. We are a family owned and operated business that live and work in the same area you do. Our goal is to give homeowners the most stress free transaction possible by offering a better alternative to the traditional home selling process. We place respect, integrity, and honesty at the forefront of all we do. At the end of the day, we want to leave people in a much better situation than they found us in. Our business is dependent on your satisfaction and referrals. If you have any questions, please feel confident to contact us at 865-240-0955.