We eliminate the “middleman” (inspectors, lenders, realtors, banks, etc.) which make the process easier for you to sell & for us to buy your house quickly. Let us walk you through our entire process to get your free-no-obligation-to accept, personalized offer started. If you’d like to speak with us directly, give us a call on my direct line at (413) 351-9294.
Tell Us About Your Property
The first step for receiving your offer is to submit your info so that we can get started.
Receive Your Fair Cash Offer
After we review the details of your home we will set an appointment to review your offer.
Choose Your Closing Date
After we make you an offer and you love it, we will come up with a closing date on YOUR timeline.
Those are the basics of our three-step process, but if you’re like most sellers, you probably have more questions. Let us take you behind the scenes about how it all works.
Please read through this page as we will provide a detailed explanation of how the entire house buying process works from beginning to end.
We pride ourselves on full transparency and providing all the necessary information to you. We encourage you to call around for other offers before accepting ours. So at the end of the day, you are CERTAIN you made the right decision that you chose to work with us.
YES! When we buy your house, the hard work is done for you!
What follows is the very detailed process about how our entire house acquisition process works from beginning to end. We make the entire process very easy, and stress-free for you. The process is fast, fair, & completely transparent from start to finish!
Step 1 : How Do We Make An Offer On A Home?
(A) After we review your submission we will reach out to you by phone to learn more about you and your desire to sell. Why are you selling? What are the needs that you have? What is your time frame? Our goal is to help you regardless of the reason you want to sell.
(B) Next we’d like to hear about the house that you are looking to sell so we have a good understanding about the condition of the property. We will plug your information into our Offer Formula where we can give you an estimate as to how much we can pay for your home.
(C) We will then schedule a day and time to meet with you, and any decision makers, to view the property and answer all of your questions. We use this time to get to build a relationship with you so that we know how to best serve you!
(D) After we review the property, we dial in an accurate cash offer that we will present to you in as little as 24 hours. This is free and by no means binding!
Our Offer Formula considers the following:
Cost of repairs
Updates that are required
Similar homes in the neighborhood
Average sale price of similar homes
(See below for a detailed breakdown of the Offer Formula with a real case study from a recent purchase)
Step 2 : Accept Your Cash Offer & Set The Closing Date
(A) If you like your personalized offer, we will review the purchase agreement, which is less than 2 pages and only requires you to sign at the bottom. We told you we made it simple.
(B) Once the agreement is signed, we will submit it to a reputable closing attorney. The closing attorney will conduct a title search to identify if there are any liens or past due bills, such as back taxes, owed against the property. If there are, that’s OK! We can chat about what options are available.
(C) Once the title comes back, you choose the day you want to close and collect your cash. We will reach out to you throughout the process to provide updates all the way until we close and you get paid!
Step 3 : Wondering Just How You Get Paid? What Exactly Is Escrow?
So what exactly happens between the time you sign the agreement and when you get paid? Remember how we said the process is transparent, well, this is exactly how the cash exchanges hands from us to you.
Escrow is a financial arrangement in which two parties enlist a third party (who is neither the buyer nor the seller) to temporarily hold the funds for a transaction on their behalf before the transaction has been finalized.
If you accept your personalized offer, we will review the purchase agreement, which only requires you to sign at the bottom. We told you we made it simple.
- We will open Escrow immediately. Escrow will then provide you with Escrow and Title paperwork to complete.
- Once all parties have received the necessary completed paperwork from you, our closing attorney will process the closing funds to Escrow.
- Once Escrow receives the closing funds, Title records the sale on the date of your choice.
- After Title records the sale, Escrow will wire your closing proceeds to your bank account or you can pick up a physical check with the closing attorney.
- After you confirm your money is in your bank account, we meet you to get the keys and discuss what local charity we will be donating to in your name.
Cash in your hands, property off your mind, helping those in need. It’s really that easy!
We Showed You The Process But How Do We Decide On How Much Cash We Can Offer?
There are companies out there that will give you a cash offer over the phone without even seeing your house. RUN! There is no way that they can assess your house without seeing it first and are not going to make you a fair cash offer to purchase your home.
We calculate our offer in a very simple way and we are more than happy to share it with you. Remember, we are always 100% transparent and happy to answer any questions along the way. The Offer Formula considers 6 different criteria points in after we have collected all the facts about your house.
1) Your Expectations
When you decided to sell your house, you most likely did some research to get an idea what your property is worth. If you already have an idea of what you would want for the property, we would love to hear it! Who knows, maybe we can get you exactly what you want for it or more! If you’re not sure what you want for the property yet, that’s ok too. We will provide you with plenty of information to help you in the home selling process.
Example: Based on the homework that you’ve done on your own, and your financial goals, $100K is a fair asking price for your home. We run our numbers, figure out that by giving you $100K, we still have some room to make repairs and a profit, so we are able to give you your full asking price! Sounds easy doesn’t it?
2) The Comparable Sales
When we consider purchasing a house, we need to evaluate your property in the current real estate market. The Comparable Sales are based on other properties that have sold within the last 6 months to 1 year that have similar characteristics to yours. Typically the properties being compared are also within a .5 to 1 mile radius of the “subject property” being appraised. The “subject property” meaning “your property” in this scenario.
Example: Your neighbors fully renovated their 1000 sqft, 2 bed, 1 bath property just like yours, and it sold for $150K six months ago. We would then conclude that because the sale is very recent, and the property is very similar to yours, that our offer would be based on your property’s potential to be worth $150K when it’s fully renovated.
3) The After Repair Value
What is the After Repair Value (ARV)? The ARV is what the market value of your house will be AFTER we buy and renovate the house. We take the projected value of your property once it is brought to current market standards regarding layout, design, and finishes of the property.
4.) Cost Of Repairs
After we determine the ARV, we subtract our Cost Of Repairs (COR). The COR is the estimated cost of fixing or remodeling the house to “like-new” condition. The COR is based on the reported condition of the home or the visual inspection conducted during our walk-through of your property. Most houses that sell on the market will have these things updated and that can get very expensive and time consuming. That’s why when we make offers, it’s important that we make an offer based on the amount of money required to get your property up to par with the other properties in the area.
What’s considered in the COR Estimate?
Plumbing condition and water heater age
Roof, window and siding age
Kitchens and bathrooms updates
Electrical repairs and upgrades
Flooring and flooring repairs
Example: Your property needs $50K in repairs based on the condition it’s currently in. Your neighbor’s house, mentioned earlier which sold for $150K, needed no repairs. For us to make you a fair offer on your property, we would need to deduct the $50K in repairs needed, along with the profit needed for us to stay in business and keep the lights on.
5.) Selling Costs
We also subtract our Selling Costs. Although we purchase properties without involving real estate agents, we on the other hand, have to use agents to sell the property AFTER we have purchased it from you and made all necessary repairs and updates. Therefore, we have the responsibility of paying agent commissions, closing costs, transfer taxes, termite report, fire/CO2 inspection, roof certification, staging fees, taxes, insurance, utilities, etc. If you sell your house directly to Revival Homebuyers, these are all the fees you will NOT have to pay.Our selling cost usually total to about 10% of the entire selling price.
6.) Small Profit Margin
Because this is a business, we need to make a profit to stay in business. Staying in business allows us to help other homeowners looking for a better option. Stating in business also allows us to help the local community through our Give Back Program. We try to keep this value at an absolute minimum so we can present you with our highest possible offer. Our profit changes depending on the level of work required, how long we estimate that the property will be in our possession, and other factors regarding the property, such as age and location, which can add time and resources needed to fix and resell a property. We spend considerable time and effort on your home analysis so we can offer you the most cash for your home in Western Massachusetts – an offer that results in a transaction that’s a win for you AND a win for us. We want you to have confidence that you are receiving our highest possible cash offer for a fast, convenient and hassle-free sale of your house.
This real case study involves a home that we recently rehabbed! This house had been vacant for years and the seller just didn’t have the time or money to rehab it. He reached out to us, we reviewed our process, and he was eager to get the process moving. The house in question is a single level, 958 sq.ft. home with 2 beds and one bath that needed everything updated!
AFTER REPAIR VALUE [ARV]: $160,000
COST OF REPAIRS [COR] : $65,000
OUR SELLING COSTS 7.5% x ARV : 10% x $12,000
MINIMUM PROFIT: $30,000
CURRENT AS-IS HOME VALUE: $65,000
After Repair Value [$160,000] – Cost Of Repairs [$65,000] – Our Selling Costs [$12,000] – Minimum Profit [$30,000] = Your Offer [$53,000]
Don’t believe us? Just ask and we will show you the entire file! The purchase agreement, the purchase closing docs, the rehab bills, all the holding costs and finally the selling closing docs. Like I said, we are transparent!
To recap, the market value of the house (after we fix it up), minus ALL our costs fixing it up (including our profits), will be your cash offer. It’s that simple! Our Cash Offer for your property is based on math. Once you give us the information about your house, we will come look at it to determine the cost of repair and make you an offer. We want to make our best cash offer so you’ll accept and sell us your house!
Our Cash Offer
You will leave the closing table with $53,000 in fast cash, without any extra fees, commissions, closing costs and hassle that comes with the traditional selling process. This is a speedy process with no headaches.
Selling With An Agent On The MLS
Even in a seller’s market like Western Mass, it’s smart to look at your options and see what will actually help you best reach your goals with the sale of your house. While you may be able to get a higher “top line” sales price listing with a local agent, that doesn’t always boil down to more money in your pocket or less headache. Dive into the details below to compare your options.
After deducting 6% agent fees and closing costs (6% x $65,000 = $3,900) you will be able to sell your home for $61,000 ( $65,000 – $3,900), That’s if it doesn’t sit on the market, buyers don’t back out, and everything goes smooth during inspection period where the buyer requests repairs or a credit towards closing. All the while you are still paying for insurance, city taxes, utilities.
Now it is in your hands what you want to do. Sell your house for $53,000 fast and without any hassles or sell it for $61,000 on the MLS after 6+ months, including obligations such as inspections, bank approvals, etc. Depending on your situation, is the risk of a lengthy and burdensome traditional selling process worth the extra $8,000 (before taxes) by selling your house with an agent? etc.
|Selling w/ An Agent||SOLD To|
|Commissions / Fees:||6% on average is paid by you, the seller||NONE|
|Who Pays Closing Costs?:||2% on average is paid by you, the seller||NONE – We pay all costs|
|Inspection & Financing Contingency*:||Yes, sales can fall through||NONE|
|Appraisal Needed:||Yes, the sale is often subject to appraisal||NONE – We make cash offers|
|Average Days Until Sold:||+/- 91 Days||IMMEDIATE CASH OFFER|
|Number of Showings:||It Depends||1 (Just Us)|
|Closing Date:||30-60 +/- days after accepting buyers offer||The Date Of YOUR CHOICE|
|Who Pays For Repairs?:||Negotiated During Inspection Period||NONE – We pay for all repairs|