Are you fed up with all of those “I’ll buy your house for cash” people all over the internet.

Well me too!

Why? Because they are giving you pennies on the dollar, okay maybe nickels on the dollar. Either way, there’s a better way!

If you need to sell your house fast or just want to cash out for whatever reason, there is a better way to get a cash offer on your home.

I’m Nick Garcia and I’m a real estate advisor at Orchard and I’ve sold over 25 Million in real estate over the last 3 years.

Here’s how it works:

Ok, let’s say your house is worth $475,000 and you owe $150,000 on the mortgage. And for some reason you need to sell fast, so you think to yourself, ok I’ll take a cash offer for 475,000, minus the $150,000, and minus 5K for closing costs, so around $320,000 in your pocket, not bad!

So you call up Liz Buys Houses or someone other than me.

They will give you about 60% of your homes value, sometimes up to 70% but don’t count on it! So that’s $280,000, minus $150,000, comes out to $135,000.

Wait I calculated $320,000. That’s $185,000 vanished!

Now, lets say you call me. I would tell you, guess what I can get you a cash offer for 89% of your homes value, that’s right.

 

But, it gets better!

 

After we pay 89% of your homes value, we’ll list your home for full market value and after our commissions are paid, we’ll give you even more money!

 

Did you get scared when I said “commissions?” Well here’s behind the curtain for all fees and commissions.

 

Your house is worth $475,000, we give you 89% of that, so $422,750, minus $150,000 (your mortgage), that’s $272,750, minus a 6% Orchard commission ($28,500) and minus a 6.5% cash offer fee ($30,875), yes the fees are high, but before you leave me a comment about why real estate agents are a scam, let’s look at the numbers!

 

Give me 2 minutes and you’ll see.

 

Even with all the fees and commission that comes out to $213,375. Compared to $135,000. Much better.

 

But wait, here’s the best part, you aren’t done getting paid.

 

After we close on your house and give you the $213,000, I will list your house on the market at full market value and you could net even more money.

 

Let’s say I list it for 475,000 and after 30 days it sells. You’ve already paid all the commissions and most of the closing costs, so let’s just be conservative and add 5K in closing costs for the second sale. You would net an additional $45,000 (give or take).

 

So if you add your first check for $213,000 and the second check for $40,000 (being conservative) That comes out to $253,000!

 

So, would you choose to get $135,000 with a typical cash offer company or $253,000 with me and Orchard?

 

Moral of the story, don’t be afraid of commissions and fees.

 

If you’re interested in learning more about how this would work for you and your situation, go to my website reatx.co or just give me a call at 512-799-7950.