There is zero obligation for you. You tell us a bit about your home, we’ll do some research & analysis, set up a call with you to find out a bit more and then make you an offer. Then – it’s totally up to you whether or not you want to sell to us. We don’t harass you – it’s 100% your decision and we’ll respect it
We are transparent about how we work. We have to purchase a house below market value so we can resell it at a profit to another homeowner. The location & values of comparable homes sold in the area recently are key factors. In addition, we use a simple formula to calculate the offer:
Your Offer = After Repair Value – Cost Of Repairs – Our Selling Costs – Our Minimum Profit
After Repair Value (ARV) : The figure after making your house look the most attractive cost effectively speaking.
Cost Of Repairs (COR) : The figure to refurbish your house after we have purchased it from you.
Our Selling Costs : When we resell the home, we have to pay the agent fees (typically 7%). In addition, we pay transfer fees, transfer duty, holding costs & taxes, etc.
Our Minimum Profit : We work hard to present to you the best possible offer. As a business – we need to make some kind of profit. Without making a profit, we’d have to close our business and stop offering the important services we do. Our preferred approach is to do many purchases at a minimal profit instead of large profits on a few purchases.
Real estate agents list properties on the market and hope that someone will buy them. The agent shows the properties to prospective buyers who can hopefully qualify and then takes a percentage of the sales price. The agent’s commission is around 8% – incl VAT – of the sale price of your home. A R1,300 000 house, the seller pays R103,000 in commissions to the agent. The selling time is between 5-10 months in many cases, especially where the buyer needs to sell their home first. Agents can be a good option for sellers who can wait up to 10 months to sell and who don’t mind giving up some of that sales price to pay for the commissions.
This is how we differ: We are not real estate agents; we are home buyers. Since we’re the one buying the house from you, and in most instances paying in cash, we can make an offer on your home in just a few days – sometimes even the same day. We don’t charge you commissions or fees.
We buy all types of homes in any condition:
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