How Do I Sell My House in Nashville?
The answer is simple. We make no-obligation, all-cash offers on Nashville properties and this is how the process works.
Because we are independent home buyers, we do not rely on real estate agents or financing companies. Instead, we pay cash for homes and as such, we can close on a sale in as little as a week and you can walk away from your homeownership burdens with cash-in-hand.
It’s a simple 3 step process and it’s frankly the best way to sell houses in Nashville.
Fill out the form below to provide basic information about your property.
Receive a no-obligation cash offer for your property
Should you accept, we will handle the closing process and you receive cash for your home.
If you’re a homeowner who’s wondering, “How do I sell my house in Nashville,” look no further.
It’s understandable that cash-offer companies may seem suspicious to individuals who are looking for a fast, easy way to get rid of a property, and that’s understandable. I’m here to assure you that my cash offers are always fair on top of the fact that home sales with Chris Buys Houses are 100% free for the seller.
It’s in my best interest to make fair, reasonable cash offers on homes, and it’s in your best interest to be paid fairly when selling your property. As such, I stay in business by creating mutually beneficial agreements. Take a look at what past clients have had to say about working with me.
So You Want To Sell Your House Fast For Cash!
… And Still Want A Fantastic Offer!
Here you are wondering “How do I sell my house fast in Tennesee for cash“, thinking that these TN house buyers will offer you an insultingly low number for your house. All these Tennessee home buying companies boast fair offers, offers in 24 hours, and some even give offers without even setting foot in your property.
Believe me, 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!
But enough about doing it the wrong way. Let me show you the right way!
How do I sell my house in Nashville?
Take a look at this quick example for clarity.
“We Buy Houses” companies will often try to give you the lowest possible offer. This doesn’t make any sense to me. I spend time and effort doing your home analysis so we can get you cash for your home in TN. We spend time and money driving to properties all over Tennessee. All these services are 100% FREE to you! No one will accept a low offer and we would have spent so much time, money and effort for nothing.
“Chris Buys Houses” stays in business by getting offers accepted, and the only way to do that is to give offers you’ll be happy with! We truly do our best to give you the highest possible offer we can give. Now you know why I have such raving reviews! 🙂
My Offers Are Based On Your Home’s “After Repair Market Value”!
This simply means, I look at what the value of your home would be, completely fixed up. Based on this value I will formulate your offer!
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.
Now Imagine he sold his house for $300K.
What Do We Know Now?
Well, we know, that If we make the same upgrades to your house (AFTER we buy it from you of course), bringing the house to a very similar condition as your neighbor’s house, we would also be able to sell it for $300K.
We know the Market value of your house if we fixed it up (in this case $300K), and I know the cost of repairs/upgrades. I can now make an offer that works for me. If this offer also works for you, great we close and you get your money at closing! As you can see, I make offers based on the market numbers, not based on how desperate you may or may not be to sell.
All you math lovers out there, will appreciate this section. I value honesty and transparency. I have no issues sharing with you how exactly I formulate my offers.
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [My Selling Costs] – [My Minimum Profit]
But in order for you to understand this we need to define some terms.
After Repair Value (ARV): This is what the market value of your house will be AFTER we buy and renovate the house. Yup I am just like your favorite HGTV flipping show.
Cost Of Repairs (COR): This is what my cost will be fixing/updating the house AFTER I purchase it from you.
Our Selling Costs: Although I buy houses without involving agents, we on the other hand, have to use an agent to sell that house again AFTER I have purchased it from you and fixed it up. So I 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 me ;). This is usually 10% all together of selling price. (My Selling Cost = 10% x ARV)
My Minimum Profit: Yeah, this IS a business after all, and I wouldn’t be able to stay in business, buy more houses, pay contractors, plumbers etc, if I didn’t make some sort of profit. However, I keep this to an absolute minimum so I can present you with the highest possible offer. See, my 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 all.
So what does this formula mean in plain English? Simply this:
The market value of the house (after we fix it up), minus ALL our costs fixing it up (including our profits), will be the offer. How simple is THAT! Congrats, now you are an expert at this! But want to be sure you understand it?
Here is An Actual Case Study...
Let’s take an actual house I recently bought and share with you how it happened.
Let’s say this is your house in its current condition:
Not bad right? OK it could use a bit of sweet tender loving but not too shabby. It is just outdated…
Now remember, your neighbor with the exact same house as yours? He got a new roof, updated the kitchen and bathrooms, put granite in, removed carpets and put in hardwood flooring? Well, this is what his house looks like after he did the changes:
Well, no wonder he sold it for $300K, it is gorgeous! WOW!
In order to provide the best way to sell houses in, I base my offers on a property’s market value AFTER repairs have been made. This means that I will take a close look at what your home would be worth after I have purchased and repaired it.
To calculate an offer as simply as possible, I take the after-repair market value and subtract the cost of repairs, my selling fees, and my minimum profit. From there, I can come up with a fair cash offer to present to home sellers.
So an obvious next question you’d ask, would be:
OK, if the house after it is completely fixed and updated would sell for $300K, for how much would it sell as is?
Sell My House In TN For Cash Or Should I List It As Is?
Let’s say you contacted an agent and she/he says, that your house as is, in its current condition is worth $190K. Now you have contacted the most awesome, friendly, amazing, highest ranking house buyers in all of Tennessee… (me.. duhhh)! If you have not,… well, shame on you, you really should!
I would come in, with our contractor and if we can, our agent. (I bring my contractor and my agent to the walkthrough, so that my agent tells my contractor what needs to be fixed (as he/she knows what buyers are currently looking for) and what does not need to be fixed (to save on the cost of repairs)).
Our agent: tells us, that we need granite countertops, because the neighbor across the fence that sold his house for $300K, also has granite, as well as hardwood floors, removing wallpaper, installing 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 second 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 look like.
The more accurate these numbers the more accurate (and the higher) your offer will be! Let’s say our contractor gives us a cost of repairs of $70K.
Now I Am Ready To Make You An offer!
Here are the numbers:
Sample A: As-Is Value= $190,000
After Repair Value= $300,000
Cost of Repairs (COR)= $70,000
Selling Cost= 10% (of $300,000)= $30,000
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $300K – $70K – $30K – $40K = $160K
Your Offer = $160K
We would then be able to offer you $160,000 for your property!
As you can see, I play by the numbers. I do not make offers based on how desperate you may or may not be. I don’t base offers on some percentage of the After Repaired Value (that is ludicrous). I simply add the numbers up trying our best to give you the highest possible offer I can make you, to make sure you will be happy, and thus to make sure the contract will be signed, so that I can get my next flip going! Makes sense doesn’t it!
Analyzing The Offer
So, the house is worth $190K as is, meaning if you listed it with an agent you could sell it for $190K. Yet after 6% agent fees and closing costs you would probably get about $174K for it, after it will be on the market for 4? 5? months! And no one can guarantee the house will actually sell.
So now you have to make a decision.
Sell it for a guaranteed sale for $160K in as little as 10-20 days, or a “maybe sale” for $174K hopefully within 4 to 5 months.
What If The Cost Of Repairs Was $30K Instead Of $70K?
Now things get interesting! Now the offer becomes:
As-Is Value = $190K
ARV (After Repair Value) = $300K
COR (Cost Of Repairs) = $30K
Our Selling Cost = 10% x $300K = $30K
Let’s say Our Minimum Profit For This Purchase = $40K
[Your Offer] = [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $300K – $30K -$30K – $40K = $200K
Yup! That is $10,000.00 MORE than what the house is currently worth, and almost $30K more than what you would get if you had listed it with an agent (remember that you would only get $174K after all listing and agent fees). Again, our offers are based on the numbers, not on how desperate you are to sell.
Want to know what YOUR numbers look like?
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Why My Offers Are Better.
Yes I know, I know. Everyone says this. But I will do better. I will show you why this is true, or at least I try to make this true 😉
See, the reason my offers are so fantastic, is because my offers are based on the value of your house as if it were completely fixed up and updated. Yes I figure out how much your house would be worth if it was completely updated. Then I factor in the cost it would take to fix or update your home.
You see, here is where the cost of repairs comes in. If I can keep the cost of repairs down, I can obviously give you more cash for your TN house, as previously explained using my equation above.
So,… I try to do as much work ourselves so that I do not have to pay expensive contractors to do everything. Well, isn’t that nice of me!
Obviously I can not always do this as I buy sooooooo many houses at a time, but I can genuinely try to keep contractor numbers as low as possible so I can get you the highest number for your house in cash here in Tennessee.
Why do I go out of my way to give you the highest possible offer?
Well, think about it! If I can give you more than our competitors can, you will sell to me. And that is what I want. The more houses the faster I can help others with my mission.