How Our Home Buying Process Works
Home Buyers Plus, LLC specializes in buying homes in and around Sarasota. We are direct buyers instead of conventional agents that advertise homes, so we are prepared to purchase your house directly. We can offer quick closings that fit your schedule thanks to our cash transactions.
You won’t pay any fees or commissions that traditionally go along with traditional listings when you work with us. You won’t have to worry about incurring unforeseen costs for a rapid sale or spending a lot of money getting your house ready for the market. We are ready to purchase your home in its current condition, hassle-free, and for cash.
Experience a seamless and swift home sale with Home Buyers Plus, LLC. Get your fair cash offer today—no fees, no commissions, no stress. You can request an offer online today!
How It Works
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Step 1
Send us your property address and info. It’s quick, easy, no obligation and free!
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Step 2
We’ll review your property. We’ll look at any repairs and market value.
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Step 3
We present you with a fair all-cash offer. If you like it, just accept the offer! It’s totally up to you!
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Step 4
We close quickly at a local reputable title company. You’ll get cash for your house in as little as 7 days!
How Do We Determine Our Offer?
Determine the ARV—ARV?? What the heck is ARV? Well, it’s the After Repair Value. Since Glo is a realtor as well as an investor, she has access to the MLS (Multiple Listing Service), which allows her to see comparable houses that have sold recently, check to see the state of your home (fixed up or not) and determine what a fair ARV would be for your house.
Determine Repair/Rehab Costs—To resell the house for the value found from comparable fixed-up homes in the area. We work with our contractors to assess the most cost-effective way to complete the repairs and rehab, of course, in a timely manner. Over-fixing the house can be just as harmful as under-fixing the house, so this is a tricky step!
Calculate Selling Costs—While we don’t use real estate agents when purchasing houses, we have to use them when selling after repairs/rehab. So, on the selling side, we have agent fees, closing costs, taxes, holding costs, etc. You do not have to pay these fees if you sell your house directly to us. Typically, this adds up to approximately 10% of the ARV.
Add Minimum Profit—Beyond these costs, we are running a business, so we have to build some profit. This helps cover some of the risks of estimating the right rehab budget and selling price, as well as with all of the tools and team members who support us, but we try to keep it to a minimum. We aim to help as many homeowners as possible find solutions to their problems, not make huge profits with just a few homeowners.
To sum it all up, we take the ARV of the house, subtract repair/rehab costs, selling costs, and minimum profit, and then you get a cash offer for your house.