Learn How To Sell Your Home For Cash in OR
We Offer Cash For Your House In Oregon!
Working with ibuyhaus means finding the best fit for your home sale. If the value you have in mind for your home is outside of our offer range, we can discuss a couple options other than a cash offer that may be a better fit. We want to help whether it means you work with us or another company better suited for your situation.
How Our Cash Offer Is Calculated
[YOUR OFFER] = [ARV] – [REPAIR COSTS] – [SELLING COSTS] – [ROI]
- After Repair Value (ARV): This is the market value of your home after we buy and renovate your house.
- Cost Of Repairs: 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!
- Our Selling Costs: 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.
- Return On Investment (ROI): 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…
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! Why? 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… “If my house sells for $600,000 after its been updated, how much is it worth before any updates, as-is, right now?
Here is where ibuyhaus comes 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 12 hours… We are ready to work the numbers!
- 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
Your Cash Offer = $410,000
ibuyhaus Plays By The Numbers
We are not here to waste your time with unrealistic offers. Our offers are not based on “some percentage” of the ARV. Instead, we simply add up the numbers while trying our hardest to give you the highest possible offer. We want to make sure you will be happy and feel confident when selling your house to us!
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% (or $46,000) in agent fees and closing costs, you will 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.
So, now it’s time for you to make a decision…
- Sell it for a guaranteed cash sale of $410,000 in as little as 7 days.
- Hopefully sell for $414,000 where, if all goes well, bank financing doesn’t fall through and your closing date doesn’t get delayed.
- 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 Profit]
Your Cash Offer = $600K – $60K – $60K – $30K = $450,000
Your Cash Offer = $450,000
That’s right! Almost $40K more than what you would get if you had listed it as-is with a real estate agent (remember that you would only get $414K after subtracting all agent fees and closing costs.)
What Makes Our Offers Better?
“World’s Best Coffee!” …“America’s Favorite Burger.” …Always an exaggeration, right? They never explain why! Here is our explanation as to why our offers are first-rate:
ibuyhaus is 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 (503) 482-8693 to learn about these other options. We want you to have a successful home sale.
“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 reduces the price after an “inspection”, 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 another “We buy houses” company in our area. They are frustrated and distrustful of investors.
That’s where ibuyhaus is different. Our small team makes honest and fair offers with the intent to close, always. Our offer will not be reduced later in the process. That’s why we receive so many positive reviews! Ready to get started? Submit your information online or give us a call at (503) 482-8693, and let’s begin your journey to a successful home sale.
“How Can I Avoid Being Scammed?”
Professional Website
A business’s website is a direct reflection of who they are as a business and personally. Explore the site to see if the company shows who the people are behind the business. Look for pictures of the owner(s) and any possible employees. Check if they give you their names (first and last names are important, so you can cross check if they are a real person on Google).
Online Reviews
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, as well as seller testimonials.
Contract Terms
Don’t fall for a tiny deposit that doesn’t get delivered to escrow for 30 days (ibuyhaus 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.
Selling Your House In Oregon
1) What Info Will You Need From Me?
Sell your house in Oregon & Washington fast by helping us gather some basic information about your home sale.
- Timeline to sell your property
- Current condition of the property
- Rooms that were renovated (if any)
- Your ultimate goal with the property
This information will help us figure out how we can provide the best solution for you (potentially beyond the typical cash offer).
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, but we will give you an initial offer range.
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. They will then use an “inspection report” to come back and ask for a price reduction. This tactic is used more than you would think by multiple buyers in our DC 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 in Oregon & Washington. If we can’t make fair offers, then we can’t buy houses.
