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How Do I Sell My House In Maryland For Cash?
Our Cash Offers Are Based On The After Repair Market Value Of Your House! (That’s A Good Thing)
How much cash we offer for your house is obviously a big question you’d like answered. Here on this page, we will explain the entire process, how we buy houses in cash, first through a quick overview, then followed by a more detailed actual breakdown of an offer we have recently made a homeowner just like you.
We Make The House Selling Process Easy & Seamless
By eliminating banks, and all other financial institutions, with strenuous regulations, approvals, and inspections, we can drastically simplify and speed up the house-buying process.
How Do I Sell My House Fast In Maryland?
Our Home-Buying Process Is Simple! See Below…
Fill In The Form Below
Once we receive your information, we figure out how much your house would be worth on the current market if it were freshly completely renovated, everything brand new, all fixed up, clean, updated, and beautiful
Schedule Your Appointment
During the appointment, we figure out how much it would cost us to fix it all up. We now know how much money we would sell it for, and how much it cost us to sell it. Basically, (there is a bit more involved) based on these numbers we present you an offer that is fair.
Pick A Closing Date
If you like the offer, fantastic, we can close on your schedule. You get the cash; we get the deed, and everyone is happy!
“I’ve had the pleasure of working with Tyler, he is transparent, caring, and very knowledgeable!”
Kaitlyn. Glen Burnie, Maryland. 
The Offer:
Our offers are based on the After Repaired Value of your house. This way we can make the highest fair offers for your house where we can walk away with our profits, and you with the cash you need. Here is a breakdown of how the offer is generated.
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
This Is How We Calculate Our Cash Offers:
1) We Determine The After Repairs-Market Value Of Your House.
The After-Repairs Value: (or “ARV”) simply means what your house would be worth if it were completely renovated based on current market standards, just like your favorite HGTV show. Your offer is based on this value.
2) We Calculate The Cost of Repairs
The Cost Of Repairs: is how much it would cost the US to renovate the house and make it look spectacular, ready for the market. We obviously strive to increase the value of the house so we can get as much as possible for it. This means a higher offer for you and an acceptable profit for us.
3) We Determine Our Selling Costs
The Selling Cost: includes all the costs associated with selling a property. Although we buy houses from homeowners without involving agents, we, on the other hand, to give you a higher offer, do need to be able to sell the house for top value after we fix it up (this was the whole point of fixing up the property). That means we list it with an agent, which means we have closing costs, agent commissions, and taxes to pay.
4) We Take Out Our Profits
Our Profits: are reasonable. This is a business and without a profit, we wouldn’t be able to stay in business, buy houses, pay our contractors, and plumbers, etc. Rest assured our profits are fair, and this business prioritizes the highest possible offers (otherwise no one would accept our offers in the first place and we’d be out of business!)
Simply put, it all boils down to this simple concept:
Your offer will be the market value of your house completely fixed up, minus all the costs associated with us bringing the house to its completely fixed-up condition, minus our profits (of course).
“All throughout the process Tyler and Brett communicated everything. We were even able to close on the house from out of state”
Jeffrey. Glen Burnie, Maryland.
How We Make Our Offers To Buy Your MD Home
Our Offers Are Based On Your Home’s “After Repair Market Value”!
Well, imagine you have a house that you want to sell…
Now, also imagine your neighbor, has the exact same, identical house as yours, except for a few upgrades he made… say, he added granite counter tops, removed wallpaper, applied a fresh coat of paint, put a new roof on, and put hardwood floors in.
Get Your Offer started
Today
How Our Cash Offer is Calculated…
[Your Offer] = [ARV] – [REPAIR COSTS] – [SELLING COSTS] – [ROI]
After Repair Value (ARV): This is the market price of your home AFTER we buy it, Renovate it and sell it. This price is calculated based on the recent comparable sales of similar houses in your neighborhood.
COR (Cost Of Repairs): This is what we estimate our cost will be to update the house to current market conditions AFTER we buy it, and it’s what you are saving (along with your time) if you sell your house to us!
Our Selling Costs: This is the amount it will cost us to Buy and Resell your house. We have to pay agent fees, closing costs on the purchase and sale, taxes, and holding costs. These are all the fees you do NOT have to pay, if you sell your house directly to us. This is usually 10% of the ARV.
Return On Investment (ROI): This is how we pay our contractors and keep the business running. If we didn’t return some level of profit, we wouldn’t be in business! However, we keep this to an absolute minimum so we can present you with the highest possible offer. Our business model is structured around making many deals with little profit per deal, instead of few deals with huge profits per deal.
“I Don’t Like Formulas. Can You Break This Down For Me?”
The market value of your home (after we update it) minus the costs to repair it, hold it, sell it, and receive a profit equals your offer. It is that SIMPLE!
Check Out An Actual Case Study…
Let’s look at a house we recently bought in MD…
Let’s say this is your kitchen in its current condition:
It’s not bad right? But it could use some updating…
Now let’s look at your neighbor’s house across the street who has the exact same house as yours. He updated his 70’s kitchen with new cabinets and quartz. He also paid for a new roof, siding, and flooring. This is what his kitchen looks like after he paid for all those repairs.
Well, no wonder he sold his house for $300K, It’s Gorgeous!
In order for us to also be able to sell your house for $300k, we need to update your house to at least same condition as your neighbors, or better!
Why?
Because we will not be able to sell the house in this current state for $300k when all the other houses that are currently for sale in your area for $300k look as gorgeous as your neighbor’s.
Would you as a buyer be interested in buying a house in lesser condition for $300k when a much nicer house sells for the same price?
No, of course not!
So you are probably wondering…
This is where the ACE HomeBuyers come in with our local contractor…
We try to bring our contractor to the initial walk through so that we can get an exact estimate on the cost to make the necessary repairs and upgrades.
At the end of our walk-through…
We tell our contractor that we need new cabinets and quartz countertops because the neighbor who sold his house for 300k has quartz as well as new roof, siding, and flooring.
Our Contractor gives us an accurate estimate for the COR (Cost of Repairs).
We know exactly what we will do to the house the second we are done with the walk-through and we have already completed the renovation in our minds and we know exactly what all the numbers will look like.
The more accurate these numbers are the more accurate (and higher) your offer will be!
We take our contractor’s estimate home and do our due diligence so we can present you with a fair and honest offer within 24 hours…
Let’s say our contractor gives us a cost of repairs of $70k.
Now We Are Ready To Make You An Offer!
Here are the numbers:
As-Is Value = $190k
ARV (After Repair Value) = $300k
COR (Cost Of Repairs) = $70k
Our Selling Cost = 10% x $300k = $30k
Let’s say Our Profit For This Purchase = $45k
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $300k – $70k – $30k – $45k = $155k
Your Offer = $155k
We’re Aren’t Done, Yet! Let’s Analyze Your Offer…
So, let’s assume your house is worth $190k as is, meaning if you listed with an agent you could sell it for $190k and make no repairs.
However, after 10% (or $19k) in agent fees and closing costs you would probably walk away with about $171k for it. This could be 4 or 5 months from the time it was put on the market!
And no one can guarantee the house will actually sell on the market for $190k or sell at all.
So now you have a decision to make…
Option 1: Sell it for a guaranteed cash offer of $155k and close in as little as 10-30 days.
Option 2: Hopefully sell it for $190k on the market, and receive $171k if bank financing doesn’t fall through and if your closing doesn’t get delayed further.
But Wait…
What If The Cost Of Repairs Was $50k Instead Of $70k?
Now things start to get interesting!
Let’s look at the numbers again…
As-Is Value = $190k
ARV (After Repair Value) = $300k
COR (Cost Of Repairs) = $50k
Our Selling Cost = 10% x $300k = $30k
Let’s say Our Profit For This Purchase = $45k
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $300k – $50k – $30k – $45k = $175k
Your Offer = $175k
Yes! That is almost 5k more than what you would get if you had listed it as-is on the market with a real estate agent (remember that you would only get $171K after all agent fees and closing costs.)
Get Your Free Offer!
We buy houses in any condition. No realtors, no commissions, no repairs. Just Fill In The Form Below To Get Your All Cash Offer Started!
SCAM ALERT!
“How Do I Know this is NOT A Scam? And That You Will Close?”
There are so many new investors and scammers in the market that you’re smart to be skeptical of this. Getting the highest offer for your home means nothing if the buyer reduces his price after an “inspection”, asks for a price reduction, and cannot close. The deal ends up falling through and It’s very common for sellers to reach out to us after one (or sometimes multiple) “We buy houses” companies in our area failed to close. They are frustrated and distrustful of investors.
That’s where The ACE HomeBuyers are different. Our small team makes fair and honest offers with the intent to close, always. Our offer will not be inflated to just get you under a legally binding contract to be reduced later in the process. That’s why we receive so many positive reviews! 🙂
“How Can I Avoid Being Scammed?”
Professional Website
A business’s website is a direct reflection of who they are as a business and personally. Explore the site to see if the company shows who the people are behind the business. Look for pictures of the owner(s) and any possible employees. Check if they give you their names (first and last names are important, so you can cross check if they are a real person on Google).
Online Reviews
A legitimate business will have reviews online. We’re not talking about text inserted on the business’s home page… Verify there are reputable Google or Facebook reviews.
Contract Terms
Don’t fall for a small deposit that doesn’t get delivered to escrow for 30 days (The ACE HomeBuyers deposit within 48 hours). Many scammers use “weasel clauses” to leave a backdoor open for themselves allowing them to back out of deals weeks after going under contract. These are signs a buyer is not serious about closing.
Get Your Free Offer!
We buy houses in any condition. No realtors, no commissions, no repairs. Just Fill In The Form Below To Get Your All Cash Offer Started!
More About Us
Please visit our About Us page to learn more about what we are all about. I think we are quite interesting, but you’ll be the judge 🙂