How Do I Sell My House in Washington Fast for Cash?
We Offer Cash for Your WA House Fast – Here’s How…
By getting rid of the middle-man, (agents, lenders, inspectors, etc.) and by simply paying cash we can significantly uncomplicate things. We can truly make buying your house easy as 
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“Great experience working with Ryan and his team regarding some of my investment properties. They are professional and courteous. I highly recommend anyone looking to solve their real estate problems, to look no further, Sound Home Buyer can help.”
-Eric R. [Lakewood, WA] 
Told You…It’s Easy as
You understand the steps involved, but what goes on behind the scenes?
To sell your home fast for cash in Washington, we encourage you to educate yourself so you can decide what your best options are.
The info below is a well-thought-out, fully detailed explanation of how the entire house-buying process works, from beginning to end. Please read through this as reading this article will make you an expert on selling your house in Washington.
How to Sell My Home Fast, For Cash
…and I still want a great offer!
Cash for My House. The Details…
You probably got here thinking “How do I sell my house fast in Washington for cash”, assuming that all these WA house buyers would offer you an insultingly low price for your house. All these Washington home-buying companies boast fair offers, offers in less than 24 hours, and even offers without setting foot on your property.
Do you really believe them?
One thing I know, they will not err in your favor. Those offers are inflated offers to discourage you to look for more offers from other companies. They will try to have you sign a contract and after the contract is signed they will attempt to lower the offer using the results of an inspection. Don’t fall for that!
That’s the wrong way to do it. But, what’s the right way to sell my house?
How We Make Offers to Buy Your House in WA
It’s in OUR best Interest to Give You Our Highest Possible Offer
Our Offers Are Based on Your Home’s “After Repair Market Value”!
This means we look at what the value of your home would be, all fixed up, and then we use that value to calculate our offer!
How does it work exactly?
First, imagine you have a house you want to sell.
Second, also imagine your neighbor has the exact same, identical house as yours, except for a few upgrades he made. Let’s say he added granite counters, removed the old wallpaper, painted inside and out, put a new roof on, and nice new hardwood floors.
Finally, imagine that he sold the house for $350,000.
What does that mean to you?
Well, we know that if we make the exact same upgrades to your house (after we buy it from you, and you get paid), we would bring your house up to a similar condition (or comparable house) to your neighbor’s house. We should also be able to sell it for $350k.
So…
We know the Market Value of your house if we fixed it up ($350k in this case), and we know the cost of the repairs/upgrades. We can now make an offer that works for us. If the offer also works for you, great! We would close and you get your money at closing. As you can see, we make offers based on the market numbers, not how desperate you may or may not be to sell your house.
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We buy houses in any condition. No realtors, no commissions, no repairs. Find Out How Much We Offer for Your House in CASH!The Offer
If you love math, you will appreciate this section. We value honesty and transparency. We are more than happy to share with you exactly how we build our offers. (Yes, we believe offers are built, like Legos)
[YOUR OFFER] = [After Repair Value] – [Cost of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
But to make it clearer, here is a breakdown of the terms.
After Repair Value (ARV): This is the market value of your house AFTER we buy your house and renovate the house. Yup, we are just like your favorite Fix and Flip TV show on HGTV.
Cost of Repairs (COR): This is what it will cost us to fix and update the house AFTER we purchase your house.
Our Selling Costs: Although we buy houses without involving other agents, or real estate agent commissions, we still have to factor in Agent commissions when we sell the house AFTER we have purchased the house from you and fixed it up. So we will 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. This is usually 10% of our selling price. (Our Selling Cost = 10% of ARV)
Our Minimum Profit: Ok, so this IS a business after all. We would not be able to stay in business, buy more houses from folks like you, and pay our contractors, plumbers, electricians, etc if we did not make a profit. However, we keep this to an absolute minimum so that 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 everyone!
Sum It All Up For Me, PLEASE!
So what does this formula mean in plain and simple English? Great Question – Just This:
The market value of the house (after we fix it up), minus ALL the selling costs, repair costs, and profits, will be the offer. How simple is that? Want to understand it even better?
Here’s an Actual Case Study…
This is an actual house we bought recently and how it happened.
Let’s say you are a Landlord and this is your rental:
Good bones, but some tenants were kind enough to let several animals live in the house with them. It could be ok if someone could get the smell out, clear all the garbage, redo the trim, doors, landscaping, and – of course – all the flooring.
Now, remember your neighbor with the same house as yours? He got a new roof, updated the bathrooms and kitchen, put in granite counters, replaced the carpet, put in hardwood flooring, and painted. Well, this is what his house looks like after the changes:
Well, no wonder he sold his house for $350k…it is AMAZING! Wowzers!
In order for us to also be able to sell your house (our house after we buy it from you) for $350,000, we need to bring your house up to the same condition as your neighbor’s house – or better – so that we can also sell it for at least $350k!
Why?
Because we will not be able to sell the house in it’s current state for $350k when all the other houses that are currently for sale in your area look as gorgeous as your neighbor’s. If you were a buyer, would you be interested in buying a house in lesser condition for $350k when a much nicer house sells for the same price? No, of course not!
So, the next question you’d ask is:
OK, if the house after is completely fixed and updated would sell for $350k, how much would it sell for as-is?
How to Get an Offer for Your House
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How to Sell My House for Cash in WA?
Or should I List it Instead?
Let’s say you contacted an agent and he/she says that your house, in as-is condition is worth $250,000. Then, you contact the most amazing, friendly, knowledgeable, highest-rated house buyers in all of Washington…(us…)! If you have not, well, you really should!
We would come to your house, with our contractor and if we can, our agent. (We bring our contractor and our agent to the walkthrough so that our agent tells our contractor what needs to be fixed (she/he knows what buyers are currently looking for) and what does not need to be fixed (to keep repair costs low).
Our Agent: Tells us, that we need quartz or granite countertops, because the neighbor across the street that sold his house for $350k also had quartz as well as hardwood floors, removed the wallpaper, installed new appliances, etc.
Our Contractor: Gives us an accurate COR (Cost of Repairs). See, we know exactly what we will do to the house the minute we are done with the walk-through and we have already completed the flip in our imagination and we know exactly what all the numbers will be.
The more accurate the Contractor repair numbers are, the more accurate (and higher) your offer will be! Let’s say our contractor gives us a cost of repairs of $63k.
Now We Are Ready to Make You an Offer!
Here are the numbers you have been waiting for:
As-Is Value = $240k
ARV (After Repair Value) = $350k
COR (Cost of Repairs) = $63k
Our Selling Costs = 10% x $350k = $35k
Let’s Say Our Minimum Profit on this Property = $40k
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $350k – $63k – $35k – $40k = $212k
Your Offer = $212k
As you can see, it is all about the numbers. We do not make offers based on how desperate you may be or not be to sell your house fast. We do not base our offers on some percentage of the ARV (that does not seem right to us). We simply add up the numbers and try our best to give you the best offer we can make you, because we want to make you happy, and want to make sure you would be glad to sign the contract with us to sell your house – so we can get our next rental our flip going ASAP!
That makes sense, right?
Analyzing the Offer to Sell Your House
Ok, so the house is worth $250k as-is, meaning that if you listed your house with an agent, the agent “thinks” the house would sell for $240k. Yet, after the 6% agent commissions and all of the closing costs and taxes, you will probably get about $225k for the house. How long will it be on the market before you close? 3, 4, or 5 months? Ask your agent to guarantee when the house will sell…see what they say 🙂
Now it is time to make a decision.
Sell it for a guaranteed $212k, in as little as 10 or 20 days, or a “maybe sale” for $225k, hopefully closing in 4 to 5 months.
Decisions, decisions…
BUT WAIT!!!
What if the Cost of Repairs was $30k instead of $63k?
Things get even better.
As-Is Value = $240k
ARV (After Repair Value) = $350k
COR (Cost of Repairs) = $30k
Our Selling Costs = 10% x $350k = $35k
Let’s Say Our Minimum Profit on this Property = $40k
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $350k – $30k – $35k – $40k = $245k
Your Offer = $245k
But, wait! That is $5k more than my agent said the house would sell for BEFORE commissions came out! And $20k more in my pocket than selling my house on the market!
Yep. Again, we base our offers on the numbers, not how desperate you are to sell your house fast for cash.
Want to know what YOUR numbers look like?
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Why Our Offers Are Better.
Yes, we know….EVERYONE says they have the best offers. But we will do better than saying it. We will show you why this is true, or at least that we try to make this true 😉
The primary reason our offers are better is that our offers are based on the value of your house as if it were already completely fixed up and updated. Yep, we figure out how much your house would be worth if it was completely updated. Then we factor in the cost it would take to fix up or update your house.
Second, as you can see, the cost of repairs matters a whole heck of a lot. If we can keep the cost of repairs down, we can obviously give you more cash for your WA house, as we explained using the equation above.
So…we try to do as much work ourselves so that we do not have to pay expensive contractors to do everything – which keeps costs down and offers up!
Obviously, we cannot always do this, because we buy several houses each year, but we can genuinely try to keep contractor costs as low as possible so we can get you the highest number for your house in cash here in Washington.
Why do we go out of our way to give you the highest possible offer for your house?
Well, think about it for a second! If we can give you more than our competition can, you will sell to us – not them! And that is what we want. The more houses the faster we can help others with our mission.
For this exact house, the seller accepted our offer. They needed to sell fast, didn’t want to deal with agents, and wanted the least amount of hassle while being able to move on their timeline. The review below is genuine!
Ryan was very professional and delivered on all his promises. Will definitely refer his services to everyone.
Chris M – Puyallup, WA
Here are a Few More Questions Sellers Ask:
How do you sell a house by owner (FSBO)?
Selling your house by yourself is completely doable. It takes a lot of work and research, but you can do it.
- First, you need a solid understanding of your market.
- Find out how much the house is worth, as-is. Don’t just think your house is worth a lot because you like it, or because Zillow says so. Banks do not care what websites think your house is worth. Banks that buyers will use only care about comps and condition. Sellers often think their house is worth a lot more because “it is prettier than my neighbors”.
- Pay a flat fee to list your property on the MLS.
- Learn how to effectively market the property.
- Learn how to negotiate effectively.
- Hold open houses and learn how to handle the tough questions asked during the open houses.
- Make sure you know all your laws in the area pertaining to real estate transactions.
Are there closing costs when selling by the owner?
Yes. There will be costs associated if you sell your house yourself. Attorney fees, excise taxes, title insurance, escrow costs, and more closing costs…as well as additional costs incurred each month just for owning the house. When selling yourself, there are no agent commissions, unless you want to offer a buyer’s agent commission, but there are still significant costs involved.
Sell Your House the Easy Way.
Hello there, I am Ryan Garrison and I am the Acquisition Manager here at Sound Home Buyer. I will be here to guide you through the entire process from getting your no-obligation cash offer started, to walking you through closing should you decide to work with us. Don’t worry, it is all 100% FREE without any cost involved and without any obligation to accept any offer we make you. If you would rather talk to a live person, you can call me at (360) 317-2777.
We Buy Houses in Washington and we value honesty, integrity, and transparency in communication. Therefore, we will hold your hand during every step of the process. We start by explaining exactly how it works, what to expect, and what timeframe we are working with. If you need to sell your house in Washington fast, we truly believe we are a great option. Remember, no agent commissions are fees, no repairs, and we will buy in any condition! Even if you are facing foreclosure, or have no equity in your house, do not wait! Give us a call!