How Does Proven House Buyers Work?
Proven House Buyers have made it easier than ever to sell your house quickly and put cash in your pocket. We break it down into the Three Easy Steps you see below. Never again will you wonder, “How do I sell my house?”
How Do I Get a Cash As-Is Offer From Proven House Buyers?
Selling your house to Proven House Buyers is designed to be much simpler than a traditional home sale. Instead of listing your property, preparing it for showings, waiting for a buyer to get financing, and negotiating through multiple parties, you work directly with us from the beginning.
By eliminating the middlemen (realtors, lenders, appraisers, inspectors, etc.) in the transaction and simply paying cash, we can make the process much simpler. Our goal is to give you a truly Easy Home-Selling Experience.
Fill In The Form
First, you tell us about your property and your situation. We’ll ask a few questions about the house, its condition, size, location, and any repairs it may need. This gives us a clear picture of the property.
Then, we evaluate the property and determine what we believe it could be worth after repairs and renovations.
Get Your Cash Offer
Once we have the numbers, we calculate our cash offer. Our goal is to make the highest offer that makes sense for the property and still allows us to cover the renovation, holding, selling, and other costs involved in the project.
Pick A Closing Date
If you decide to accept our offer, we move forward with the purchase agreement and work toward a closing date that works for you. We coordinate the necessary steps with the title company and handle the details needed to complete the transaction.
After closing, we take ownership of the property and take responsibility for the repairs, renovation, and eventual resale.
” They bought my house in less than three weeks, just like they promised, and the whole process was incredibly smooth. From start to finish, the team was professional and courteous, and made sure that every aspect of the sale was handled with care.”
Emily Edwards 
How Do Proven House Buyers Evaluate A House?
No guesswork. We base our offers on your home’s after-repair market value. We perform a comprehensive market analysis (CMA) to determine what your home could be worth once it’s fully renovated and brought up to today’s HGTV standards.
This gives us a solid starting point for putting together your cash offer. From there, we subtract the costs of buying and selling the home, the repairs and renovations needed to reach that after-repair value, and the profit we need to make on the project.
What’s left is our cash offer to you.
This approach allows us to make you the highest cash offer we can while still making the deal profitable for us.
Here’s the formula:
[Your Offer] =
[After Repair Value] – [Repairs] – [Selling & Holding Costs] – [Our Minimum Profit]
Here’s how we figure out our cash offers:
1) We Start With the After Repair Value (ARV)
Simply put, the ARV is our estimate of what your house could sell for once it’s fully renovated. Think “fixer to fabulous” on HGTV. We run a comprehensive market analysis (CMA) on your house to determine the ARV.
2) Cost of Repairs
This is how much it will cost to fix and update your house to meet today’s HGTV standards.
3) Our Selling & Holding Costs
Once the house is fixed up and ready to sell, we have to pay agent fees, closing costs, taxes, and other selling expenses. These costs typically total around 10% of the final selling price. When you sell directly to us, you don’t have to pay any of these costs.
(Our Selling Costs = 10% × ARV)
4) Our Minimum Profit
We are a business after all, so we do need to make a profit to stay in business, buy more houses, and pay our contractors. However, we keep our profit margin as low as we reasonably can so we can give you the highest possible offer. And there’s one important reason for that: we want you to accept our offer, of course.
Our business model is to do more deals with a smaller profit on each one, rather than doing a few deals and trying to make a huge profit on each one.
Our Offer Process in Simple Terms:
There you have it. That is exactly how we make offers on houses. We use simple and straight math. We don’t make offers based on how desperate you are and would never do that. It wouldn’t be in our best interest. We have a reputation of being fair, legitimate, reputable, and honest house buyers and we want to keep it that way.
How We Calculate our AS-IS Offers: A Real-Life Example
…Imagine your charming old house needs some TLC before selling
Let’s say that after a full makeover, it could sell for $200K. that’s the After Repair Value (ARV).But to get it there, you’d need to invest $50K in repairs and upgrades plus another $20K in holding costs, closing costs, and realtor fees
Unfortunately, you don’t have the time, money, or energy to deal with contractors, repairs, and all the stress that comes with it
We, as cash buyers, could offer you $100K for your home.We’d then take on the risk, invest the time and money, and bring the property to its full potential and sell it for $200KSo with $170K total invested, we’re looking at a $30K profit.
[Your Offer] =
[200,000$] – [50,000$] – [20,000$] – [30,000$]
Simply put, Proven House Buyers stays in business by making fair offers that get accepted. We make offers based on the market numbers, not based on your situation. Once you give us information about your house we will determine cost of repairs and make you an offer.
Get Your Offer started
Today
A cash home buyer doesn’t simply look at what a house is worth today and make an offer. We first need to understand the property’s current condition and its potential value after repairs.
We look at factors such as the location, size, layout, bedrooms and bathrooms, age, condition, and major features. We also consider the type and extent of repairs the property needs.
Next, we look at comparable homes, or “comps,” that have recently sold in the area to estimate the property’s potential value after improvements.
Finally, we estimate renovation, holding, and selling costs and account for the risks involved. All of these numbers come together to determine how much we can reasonably offer. That’s why two houses that look similar can receive very different cash offers.
A cash home buyer purchases a property, invests money into the repairs it needs, and eventually sells it for more than the total amount invested.
The difference between the future selling price and the project’s total costs creates the potential profit.
However, profit is never guaranteed. Renovations can cost more than expected, the property can take longer to sell, or the market can change. When we purchase a house, we take on those risks ourselves.
You gets a straightforward way to sell the property without taking on the cost, work, and uncertainty of renovating it themselves. We take on that investment and risk in exchange for the opportunity to make a profit.
The market value of a fully renovated house isn’t necessarily what a cash buyer can pay for it today. If the property needs repairs, the buyer has to account for renovation costs, holding and selling expenses, and the risks involved.
That’s why a cash offer is based on the property’s current condition and future potential, rather than its retail value after someone else has already completed the work.
A good cash buyer wants the offer to make sense for both sides. enough for you to feel comfortable accepting it while leaving room for the buyer to take on the work, expenses, and risks.
Once you accept our offer, we put the agreed-upon terms into a purchase agreement and move toward closing.
A title company handles the necessary title work, including searching the property’s title and identifying any issues that need to be resolved before closing.
We’ll stay in communication throughout the process and work with the appropriate parties if any questions or issues come up.
You can choose a closing date that works for your situation, subject to the normal requirements of the transaction. Once closing is complete, ownership transfers to us and you receive the proceeds from the sale.
Selling your house for cash means selling directly to a buyer who is purchasing the property without relying on a traditional mortgage.
Instead of listing the house with an agent and waiting for a buyer to make an offer and obtain financing, you can sell the property directly to a cash buyer.
This can make the process simpler. You don’t have to prepare the house for showings or make repairs just to get it ready to list. You can sell it in its current condition, even if it needs cleaning, updates, or a complete renovation.
Selling for cash doesn’t mean the house has no value or that you have to accept the first offer you receive. It simply means you’re choosing a different way to sell the property that can prioritize simplicity, convenience, and a direct transaction.
When Proven House Buyers purchases a house, we take on the risks that come with owning and renovating the property.
Renovations can cost more than expected, major problems can be discovered after work begins, construction can take longer than planned, and the property or market may change before we’re ready to sell.
We also have ongoing expenses such as insurance, utilities, property taxes, financing or capital costs when applicable, maintenance, and other holding costs. That’s why our offer needs to leave enough room for these potential costs and risks.
The benefit for the homeowner is that you don’t have to take those risks yourself. You can sell the property in its current condition and let us take responsibility for the work and expenses after the purchase.