How Are Cash Offers Calculated?

How Are Cash Offers Calculated?

A cash offer is not a Zestimate and it is not a retail list price minus a made-up percent. We look at the house we would own after closing, repairs, holding time, and what similar St. Louis houses have actually sold for.

This page explains the inputs. The call and the walk are on how cash buyers figure an offer. It does not replace cash offer vs listing, which compares paths. It does not replace we buy houses, which is the purchase process.

What we look at

• Location. City vs County vs St. Charles vs Jefferson is a different buyer pool. A Festus lot is not a Clayton bungalow.
• Condition. Roof, foundation, HVAC, kitchen, water in the basement. We buy as-is; we still have to price the work.
• Occupancy. Vacant, owner-occupied, or tenants change the walkthrough and the close.
• Title. Liens and back taxes can be paid from proceeds when there is enough equity (liens).
• Your date. A two-week close and a 60-day close are different holding plans.

Phone range vs written offer

On the phone we can often give a range from the address, photos, and a few questions. The written offer comes after David or Mike walks the house for about 30 minutes. The written number is the one that matters.

Related

• How cash buyers figure an offer
• Do I need repairs?
• Do cash buyers charge fees?
• We buy houses

Common questions

Do you pay a set percent of market value?

No. Every house is priced from its own facts.

Will you lowball me on the phone and raise it later?

We would rather be honest on the first range. The walkthrough can move the number up or down if the house is different from the photos.

Can I compare your number with an agent net sheet?

Yes. Please do. Cash vs listing lists the categories.

Who makes the offer?

David or Mike.

How do I start?

Call 636-525-1566 or send the address in the form.