Our Simple House Buying Strategy
We’re fully transparent in our entire process, and do our best to provide a hassle free experience for the home owners we deal with. We Buy Carolina Homes is a team of real estate investors that buy residential and commercial property for the purpose of rehabbing them and selling for a profit. Using our own funds, and the private funds from partners, we are able to close quick. Avoiding the hassle of dealing with financial institutions, waiting for approvals etc. etc…
Learn More About Our Company
Request Your Fair All Cash Offer. You choose the closing date.
Here’s How It Looks On Paper
(After Repair Value) – (Repair Costs) – (Holding+Selling Costs) – (Our Profit) = Our Fair Cash Offer To You!
Let Me Explain In More Detail
After Repair Value(ARV):
Estimated value based off of what homes that are fully updated are selling for in your neighborhood and area close by. We will already know these numbers before we come out to check out your house.
We do this often enough that on first look we can make a decent enough assessment that we know if it’s a deal for us, or not. We will take a pictures of the structure, and make notes of the good and the bad, of the property. If your home has been recently updated in some areas, that’s great too.
We purchase your home with cash, but we do partner with agents to sell them AFTER. Of course we have to pay them, typical bringing selling costs up towards totaling 10% of a sales price. Remember, these are costs that YOU DON’T HAVE TO PAY, WE DO!
Please keep in mind, we’re running a business, and need to be profitable in order to be able to help out the next homeowner and the next. We do our best to keep at a reasonable minimum of 10% profit per deal.
Why Should You Accept Our Offer?
There can be costs that go into selling a home that most people overlook when they’re considering selling their house. On top of that, the waiting and hoping that comes along with listing the traditional way. I’m a numbers guy, you can see by our comparison chart, we are able to remove all of those costs , and time consuming contingencies from the equation when we buy your house with cash.
Dobson Street Greensboro, NC
As you can see, we play by the numbers. We do not make offers based on how desperate you may or may not be. We don’t base offers on some percentage of the After Repaired Value (that is ridiculous). We simply add the numbers up to give you the highest possible offer we can, to make sure you will be happy, and thus to make sure the contract will be signed, so that we can get our next flip going! Makes sense right it?! I want you to ACCEPT my offer, so I crunch the numbers and make it as sweet as I can!
Analyzing The Offer:
So, the house is worth $130K as is, meaning if you listed it with an agent you could sell it for $130K. Yet after 6% agent fees and closing costs you would probably get about $122.2K for it, after it will be on the market for 3? 4? months! And with no guarantees the house will even sell at that. There are so many other factors to consider.
So now all that’s left for you to do is make your choice.
Sell it for a guaranteed sale for $118K in as little as 10-20 days, or a “maybe sale” for $122K hopefully within the next 3, 4 months.
~Take your time but don’t wait too long….Decisions, decisions..
What If The Cost Of Repairs Was $30K Instead Of $60K?
Now things get interesting! Now the offer becomes:
As-Is Value = $130K
ARV (After Repair Value) = $2250K
COR (Cost Of Repairs) = $30K
Our Selling Cost = 10% x $225K = $22.5K
Let’s say Our Minimum Profit For This Purchase = $25K
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $225K – $30K -$22.5K – $25K = $147.5K
Yup! That is $15,000.00 MORE than what the house is currently worth, and almost $30K more than what you would get if you had listed it with an agent (remember that you would only get $122.5K after all listing and agent fees). Again, our offers are based on the numbers, the market data, and the condition of the property, not on how desperate you are to sell. 100% Transparency
We Can Help You With Any Of These Situations
- Inherited Property
- Storm Damage
- Needs Repairs Or Updating
- Expired Listing
- Behind On Taxes
- Stop Foreclosure
- Foundation Damage
- Structural Issues
- Downsizing, Or Relocating
- Liquidating Assets
- City / County Code Violations
- Job Loss
- Water Damage
- Vacant Property
- Condemned Property
- Fire Damaged
- Tired Landlord, or Problem Tenants
- Military Transfer