We Buy Houses Salt Lake
How We Buy Houses
Selling your house fast for cash in Salt Lake, UT could be seamless with our help. We buy houses in Salt Lake as is. No commissions, no realtors, and no hassle. Get a FREE cash offer TODAY!
What's Our Buying Process Like?
Contact us and share essential property information (including images).
Schedule a house visit to inspect your property in person
Receive an honest NO COMMITMENT cash offer
We close ASAP, and you get paid.
What to expect when selling to us: We’ll quote you a reasonable offer immediately after contacting us. Our availability is 24/7, even during holidays! Simply call us at (435) 500-5077. Due to our vast experience, we can do a lot of legwork to ensure our cash offer is accurate. And so that you can get your honest cash offer in a few minutes or 24 hours.
We love to review the details of our offer on-site when we check out the property. We get to work and strive for a quick close when you accept our offer. You’ll get your cash in hand within 3-30 days.
Sell Your House Fast And Hassle Free
We Buy Houses Salt Lake purchases properties across Salt Lake, Utah, United States. During our years of practice, we’ve helped hundreds of homeowners sell houses fast by providing a simpler and direct alternative to the traditional route.
We aren’t realtors. Hence we don’t use the Multiple Listing Service to sell your home. Since we are real estate investors, we buy your house directly and pay cash.
As a result, we can close quickly without no delays. In addition, there are no commissions, fees, or closing costs while selling to us.
Selling your house to We Buy Houses Salt Lake is a stark contrast to listing it on the housing market. The current condition of your home doesn’t matter to us. We buy houses strictly AS IT SITS– including hoarder properties.
How Do We Purchase Houses?
We buy homes in 3 simple steps. Once you get a cash offer, you accept, and we close. It doesn’t get easier than that! Skip all the hassle of selling and go straight to closing. No realtors, no commissions. It’s all a breeze. That’s how we purchase houses in 3 simplified processes.You probably have tons of questions about our buying process. Hence, we’ve outlined those frequently asked questions and provided a simple and clear answer.
Here are some FAQs
- What does our home buying process entail?
- How do we calculate our cash offer?
- What do we consider while preparing your offer?
- What details inform our decision to purchase a house?
- How long does our buying process last?
Home Buying Process
We operate with an utterly simplified procedure. And it has always worked perfectly in any circumstance. So here’s a complete breakdown of our process.
- Fill our online property form, and we'll reach out to you. Or call us at 435 500-5077 to speak with an expert.
- Our team will prepare an honest, no-obligation cash offer.
- Accept our offer if it's perfect for you. If you have further questions, we'll respond so you'd have no doubts while accepting our quote.
That’s what to expect when you contact us.
What Do We Consider While Preparing Your Offer?
We’ve got a deep well of experience deciding a home’s worth. That’s how we manage to deliver competitive prices that beat most competitors.
Additionally, we always address each transaction with a profound understanding of how important your property is to you. Hence, we ensure we offer the best offer possible.
To ensure you get an accurately drafted offer, our team considers the following factors:
- What's your proposed sale time frame?
- What's motivating you to sell your house?
- What's the current condition of your property?
- What's your opinion as regards the value of your home?
We always prepare our cash offer based on your answers to these questions. This helps us craft a personalized offer best suited for your home.
How Do We Calculate Cash Offers?
“How much is my house worth?” This burning question pops up when all homeowners decide to sell their house for cash. But the answer to this question boils down to our tested formula for calculating cash offers. And what is our recipe for a well-crafted cash offer?
Our Formula For Cash Offers
Our simple formula for buying houses consists of four parts. Before we delve into details on each section of the formula, this is how we calculate cash offers:
ARV – TRANSACTION COST – REPAIRS – MINIMUM PROFIT = YOUR CASH OFFER
ARV
ARV means After Repair Value. It’s the retail value of your property on local real estate marketing, provided there’s no need for repairs or any deferred maintenance.
Repairs
The required repairs for a house to reach it’s After Repair Value is pretty subjective. So, we can’t always have a perfect prediction of the cost of repairs. For example, it’s not usual to discover foundation issues while fixing the flooring; neither is it a rarity to notice plumbing problems when remodeling a bathroom.
That’s why we always endeavor to inspect the house thoroughly to detect any issues and reduce our risks. In extreme cases, we make provisions for potential fixes in our proposal.
Transaction Cost
There are several kinds of transaction costs. First is the loan fees we pay our lender, which amounts to 2-5% of the renovation cost. The loan fees also include interest-only monthly installment fees and loan origination fees.
Realtors often charge 5% on average, and half of it belongs to the buyer’s agent. So our transaction costs typically amount to 15% of the total cost.
Minimum Profit
We support our families and stay in business by making profits as real estate investors. Hence, we aim for a profit of 15%– although our profit varies.
But we’d also be fine with exceeding our budget and making a 10% profit instead. We are always cautious while drafting a quote for repairs because one little mistake can erode our profit. We can’t always have a perfect estimate for repairs, but most times, a 15% profit margin makes up for our shortages.
Your Cash Offer
The sum of our transaction costs and minimum profits is 30%. Hence our formula: ARV- 30%- Repairs= Your Cash Offer.
That’s our simple procedure for calculating cash offers. What you see is what you get when we give a cash offer. Our offer doesn’t change, and there are no surprises. We’ll handle all repairs, pay all costs, and send the promised cash.
Curious about how much we’ll offer for your home? You are one click away from a fair, NO OBLIGATION cash offer…
What Details Inform Our Decisions To Purchase A House?
- Condition: What's the current condition of your house? What repairs do you need to achieve the ARV? We'll check the HVAC, the foundation, roof, plumbing, bathroom, kitchen, and flooring.
- Situation: We need to know the current situation as well. Do you have delinquent taxes, or are there any code violations? Is your house probate? For instance, a house in a rural area would certainly have labor difficulties. A foreknowledge of such circumstances helps us plan.
- Mortgage: Is there a mortgage on your property? Let's know. We'll help create a win-win situation. We can pay the mortgage and still help you get some money into your pocket! However, if we can't pay it off, we'll offer other creative solutions–if you are open to one!
- Bad tenants: We excel at resolving bad tenant issues! So, if you have one, do tell us, and we'll help you.
How Long Does Our Buying Process Last?
Immediately after you accept our offer, we strive to close quickly! We envisage potential problems and resolve them in record time. That’s how we’ve successfully kept our promise to close fast.
Your acceptance triggers our fast closing process. We collect every information our renowned title organization demands. Most times, this includes our Earnest Money deposit and purchase agreement. In addition, we address every issue that crops up to avoid any delay in closing fast.
We’ll ensure the title company scrutinizes the property title to determine if it’s transferable. At the same time, we’ll acquire our funding and finalize any inspections required.
Finally, we’ll complete the sale of your home, and you’ll get paid. All these processes could take 7 days. And if any complications arise with the title transferability or any information, it can take about 10-28 days.