If you like our offer, simply set a closing date & get you paid at closing.
1. Property ARV
Let’s say a house is worth $150,000 when it’s fully renovated and all fixed up. We base this value off of the values that other similar comparable properties have sold for recently.
This is known as it’s After Repair Value (ARV)
Our team purchases properties at 70% of ARV. This percentage gives us enough room to make a profit after we spend the necessary time and risk rehabbing the property to brand new condition.
2. Repairs Needed
Now, let’s assume that the house in its current condition needs some repairs and updating.
So For The Subject Property:
ARV= $150,000 X 70% = $105,000
-$25,000 (Repair Cost)
—————————
→ $80,000 ←
Based on the formula above, our maximum offer for the subject property would be $80,000. However, it’s important to know that all properties are unique and there are always other factors that need to be put into perspective when calculating our offer. We may be able to give you more or less than the formula above, based on a properties unique characteristics.
It’s our priority to bring you the highest and best price for your property and we will do everything we can to come to a win-win situation and make the deal favorable for both parties.
Helping Buyers and Sellers fulfill Their Dreams.
Nobody Pays More a Division of:
Creative Property Solutions of the Southeast LLC
Kings Mountain, NC
