Our 3-Step House Buying Process…
Tell us about the house you want to sell by filling out the form below or calling us at (780) 619-0629. To work with you to find the best solution for selling your house we will need to learn more about your property.
We either visit the house (if it is a good fit for us) or connect you to another local buyer (if it’s a better fit for them) and you will be provided a fair offer for your house.
We work with you to determine a closing date that aligns with your house selling timeline and you receive cash for your house!
Timeframe: Once we get your info, we’re usually able to provide you with an offer within 24 hours. From there, we can close on your schedule – we can close your house in days, weeks, or months.
How it Works Part 1 – “What Information Will You Need From Me?”
In order to help us figure out how we can provide the best possible solution for you, we will need to get some information about your house and your situation. After you fill out our form, John will follow up with you and ask you some questions about the following –
- Your ideal timeline for selling your house
- This allows us to determine how quickly we will need to proceed
- The current condition of your house, and any repairs it may require
- This will allow us to get to work determining what our future renovations will cost so we can provide you with an accurate and fair offer
- The reason you need to sell your house
- This is not mandatory, but we do ask because it is often relevant for the sale process. For example if your house is in foreclosure then it will have an effect on the steps and timeline involved
*Please note that we will not pressure you to provide any information you do not want to disclose, we will work with whatever details you provide. Additionally if you don’t have all the answers (ie you’re not sure what repairs need to be done or the size of the home for example) that is no problem – we will be able to determine this if and when we stop by the house to take a look and write up an offer – we buy houses in any condition 🙂
How it Works Part 2 –“How Do You Come Up With Your Offer Amount?”
The foundation of our offer & our process comes from what we plan to do with the house. In most cases, we (and most other ‘we buy houses’ companies) will be renovating / upgrading your house, and then selling it. When this is the case, we will look at what the house will be worth when it is upgraded, what the renovation cost will be to get your home to that point, and we work backwards from there to determine our offer. Here’s the actual formula we use in our process:
[YOUR OFFER] = [ARV] – [REPAIR COSTS] – [SELLING COSTS] – [Profit]
After Repair Value (ARV): This is what the market value of your house will be AFTER we buy your house (and renovate it), similar to what you may have seen on all those HGTV flipping shows.
Repair Costs: This is what it will cost us to fully renovate, repair, & upgrade your house AFTER we purchase it from you.
Our Selling Costs: Even though we buy houses without agents, we do have to use an agent to sell that house again AFTER we have purchased it from you and fixed it up. So we have to pay agent fees, closing costs, taxes, holding costs etc. These are all the fees you do NOT have to pay, if you sell your house directly to us 🙂.
Our Minimum Profit: This IS a business after all, and we wouldn’t be able to stay in business, buy more houses, pay contractors, plumbers etc, if we didn’t make some sort of profit. However, we keep this on the lower end so we can present you with the highest possible offer. See, our business model is structured around making many deals with a little profit per deal, and not a few deals with a huge profit per deal. This benefits all.
How it Works Part 3 –Want to Know What Number We Would Buy YOUR House for?
Fill out our short form, and we will be in touch to discuss your property and give you our cash offer range we could buy your house for! Our process makes it easy to provide you a quick and fair offer on your house!
Still have questions about how our process for buying Edmonton houses works? Please visit our frequently asked questions page or give us a call at (780) 619-0629. We are happy to chat with you about how our process works before you submit your property information. 🙂
“It was very very smooth, we had two Home Buying Companies take a look at the property but ended up going with you guys. Your team was wonderful to deal with, very kind, positive, informative, and I’m thrilled with how it all went. Everything was explained well to us, and it was a very positive experience.”
Laurie K – Sherwood Park, AB ⭐⭐⭐⭐⭐
How it Works Part 4 – 💥“How Do I Know It’s Not a Scam?”💥
There is no doubt that the sale of a house is one of the largest transactions many people will make over the course of their lives, and therefore it’s important to err on the side of caution when working with a ‘we buy houses’ company, no matter who you are selling to.
Here’s a few best practices we recommend:
- Have a Real Estate Lawyer on your side, and have them take a look at the buyer’s “Offer to Purchase” contract to make sure there isn’t any wording in there that could throw things off. Additionally you will need a lawyer on your end anyways in order to close the sale, transfer the funds, and transfer the legal title of the property – so reaching out early to have them take a look at the contract is always a helpful piece of due diligence to give you more peace of mind.
- Get an idea of what your property is worth before getting offers. This will minimize your likelihood of getting low-balled, or accepting an unfair offer. An easy way to do this is by checking the Honestdoor Website for a very basic valuation (however keep in mind these numbers may not be too accurate, since they’ve never even seen the interior of your property), or for a more accurate valuation you can ask a realtor to take a look at your house and provide you with a CMA or Comparative Market Analysis. Most will do this for free for the chance of potentially working with you going forward.
- Lastly you can check the we buy houses companies website & reviews on external websites to get an idea of their level of professionalism and whether they have the appropriate experience. It’s always good to ask questions about how their specific process works and how they may or may not be a good fit to buy your house.
