Home For Sale
Sold
Sold
- 3 bd
- 1 ba
- 1,300 sqft
623 Pinewood Ave. Bessemer, AL 35023
How It Works With Cash Out On My Home
Learn How Easy It Is to Sell Your House to Cash Out On My Home
STEP 1
Contact Us
To get a quote for your house, contact us by filling out our online form or calling us directly.
STEP 2
Get Your Offer
We’ll make you an all-cash offer after a 15-minute walk-through of your property.
STEP 3
Get Your Cash
If you like our offer, we’ll clear any title issues and then write you a check!
Hundreds of homeowners have trusted us to provide them a fair cash offer for their home ⎯ see how you can “Sell With a Smile” too! You’ve probably encountered numerous websites and mailers promising a quick cash sale for your property. Now that you’re on our “How It Works” page, you might be wondering:
How exactly does the “we buy houses for cash” process work? Can it really be that straightforward?
In essence, yes—selling your home for cash in Chattanooga can be remarkably simple for you. However, behind the scenes, there’s a comprehensive process to ensure a smooth transaction. Here’s a detailed look into how we manage the entire process to benefit you.
At Cash Out On My Home , We Base Our Cash Offers on a Detailed Evaluation Process Involving Four Key Factors:
| 1. Property’s After Repair Value (ARV) We start by estimating the potential market value of your home once it’s fully renovated. This “After Repair Value” reflects the price the property could achieve post-renovation, similar to the impressive transformations you see on TV shows. Our cash offer is calculated by subtracting the associated costs from this ARV. |
| 2. Renovation Expenses (COR) To enhance your home’s value, we need to undertake necessary renovations to ensure it looks pristine. These costs are an integral part of our offer calculation, as we aim to restore the property to a condition that maximizes its market value. |
| 3. Resale Costs When we purchase your home, we cover all closing costs and fees, so you don’t incur any expenses. However, when we resell the property, we must factor in expenses such as real estate commissions, closing costs, and ongoing holding costs (including taxes, insurance, and HOA fees). Typically, these resale costs amount to approximately 10% of the ARV. |
| 4. Required Profit Margin While we strive to provide you with the best possible cash offer, we also need to account for our profit margin. This is necessary to sustain our business, cover operational costs, and support our team. We aim to keep our profit margin as low as possible to offer you a competitive price. Generally, our minimum profit requirement is around 10% of the ARV or a minimum of $10,000. For example, if we purchase a property and anticipate reselling it for $300,000, our minimum acceptable profit would be $30,000. |
| This approach ensures transparency and helps you understand the key elements influencing our cash offer for your home. If you have any further questions or need clarification, feel free to reach out to us at (866) 341-1663! |
How We Calculate Your Offer
At Cash Out On My Home , we prioritize honesty and transparency. We’ll show you exactly how we calculate our offers because you deserve to know.
[Your Offer] = [After Repair Value] – [Repair Costs] – [Our Selling Costs] – [Our Minimum Profit]
After Repair Value (ARV): This is the expected market value of your house after we buy and renovate it.
Repair Costs: These are the costs we’ll cover to fix and update the house after we purchase it from you.
Our Selling Costs: While we buy houses without using agents, we do need to use an agent to sell the house after we’ve fixed it up. This means we cover agent fees, closing costs, taxes, and holding costs—expenses you don’t have to worry about. These selling costs typically add up to 10% of the selling price. (Our Selling Cost = 10% x ARV)
Our Minimum Profit: Since we’re running a business, we need to make some profit to stay operational, pay contractors, and buy more homes. But we keep our profit margins low to give you the highest possible offer. Our goal is to do many deals with small profits on each, rather than a few deals with large profits. This benefits everyone involved.
Looking for this to be broken down further? Here’s a comparison chart to give an overview:
| Realtor VS. Cash Buyer Comparison | Selling w/ A Chattanooga Agent | SOLD To Cash Out On My Home |
|---|---|---|
| Commissions & Fees: | Up to 6%, paid by you, the seller | None |
| Who Pays Closing Costs? | 2% on average is paid by you, the seller | We pay all costs. |
| Inspection & Financing Contingency: | Yes, sales can fall through. | None needed |
| Appraisal Needed: | Yes, the sale is often subject to appraisal. | No, we make cash offers. |
| Average Days Until Sold: | +/- 91 Days | We provide immediate cash offers. |
| Number of Showings: | It Depends | 1 (Just Us) |
| Closing Date: | 30-60+/- days after accepting the buyer’s offer | The date of YOUR CHOICE. |
| Who Pays For Repairs? | Negotiated during the inspection period | We pay for all repairs. |
How It Works in More Detail
1.) Tell Us About Your Property
You’ve taken the first step! We’ll talk about your home’s condition and features to see if it fits what we’re looking for. If it makes sense, we’ll schedule a home visit.
2.) Set Up a Quick Appointment
Once we’ve figured out how we can help, we’ll set up an appointment. Our Home Buying Specialist will come by for a quick walkthrough to check for any needed repairs. Don’t worry—you won’t have to fix a thing. After the visit, we’ll give you a no-obligation, all-cash offer for your home as-is.
3.) Choose a Closing Date and Sell
If you accept the offer, we’ll arrange a closing with an attorney. It’s that simple. We’ll handle everything and work on your timeline. Just show up, sign the papers, and get your cash within hours. No hidden fees, no extra costs.
5 Reasons to Sell Your House With Cash Out On My Home
We’re not afraid to meet you where you stand and give you an honest and fair offer that you can feel confident in once we see your property. Even if we don’t end up working together, we aim to leave you feeling empowered and slightly more educated on your options than before the call. It’s taken us years, but we can finally say that because of our fair home-buying process, we’ve become Tennnessee‘s #1 preferred home-buying company, and we don’t plan on changing that.
- Fast and Easy Process: At Cash Out On My Home, we simplify the home-selling process with our efficient cash-based approach. We provide you with a fair cash offer and can close the sale in as little as 10 days—no repairs, no cleaning, no drawn-out negotiations. Our goal is to help you move on quickly and effortlessly, saving you valuable time and minimizing stress.
- No Hidden Fees or Commissions: Unlike traditional real estate deals that come with hidden fees and commissions, our process is entirely transparent. The cash offer we extend is the full amount you receive at closing. There are no agent fees or unexpected costs, ensuring that you get the complete value of your home without any deductions.
- Compassionate and Personalized Service: We recognize that selling a home can be emotional and challenging, especially in situations like foreclosure, inheritance, or divorce. Our team is committed to offering compassionate, personalized support tailored to your unique circumstances. We are here to guide you through every step, providing reassurance and expert advice to help you feel secure throughout the process.
- Custom Solutions to Fit Your Needs: Whether your property requires extensive repairs, has title issues, or needs a rapid sale to prevent foreclosure, we offer flexible solutions to meet your needs. We purchase homes in any condition and manage all the details so you can concentrate on your next steps without additional burdens.
- A Trusted Partner with a Proven Track Record: As a family-owned business with extensive experience, Cash Out On My Home is known for its integrity, transparency, and dedication. Our reputation for reliability is built on years of successful transactions and satisfied clients. When you choose us, you partner with a team that genuinely values your needs and is committed to delivering a smooth, hassle-free selling experience. Trust us to help you move forward with confidence and ease.
Take a look at how we helped Cliff sell his Knoxville property quickly for cash…
Cliff and Patricia had an older rental property that had been a part of their real estate portfolio for years. With their long-term tenant preparing to move out in a few months, they faced a property that needed substantial work—around $60,000 worth of repairs and renovations.
Understanding that the last thing they wanted was to dive into a major rehab project, especially with the property’s rental income falling below market value, Cliff and Patricia decided to explore a different route.
During our visit, we assessed the extent of the deferred maintenance and discussed their options. We provided them with a fair cash offer, eliminating the need for any renovations or additional expenses. Our offer included a quick 30-day closing with no contingencies, allowing Cliff and Patricia to move forward with other projects in life. We handled all the details and ensured a smooth transaction, providing them with the cash they needed to focus on their next steps.
Tenant Occupied Rental Walkthrough With Owner -Knoxville, TN
“Both Jonathan and Randy were great to deal with. They did everything they said they would do and did it in a timely fashion. I would not hesitate to work with either of them on other properties when I get ready to sell. I highly recommend them if you have property to sell.” Read Full Review →
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Get More of Your Frequently Asked Questions Answered on our YouTube channel…
Our YouTube channel is your go-to resource for in-depth answers and expert advice! We’ve created a series of informative videos that dive deeper into the most common queries and concerns you might have.
