How The Process Works
Tell us about your property – Quick, Easy & Free!
We’ll contact you to set up a quick appointment
We’ll present you w/ a fair written, no-obligation offer
We’ll close on the property – FAST!
Timeframe: Once we get your info, we’re usually able to make you a fair all-cash offer within 48 hours. From there, we can close as quickly as 14-21 days… or on your schedule (sometimes we can have a check in your hand the very same day!).
Selling Your House Can Be A Quick And Simple Process
Zia buys houses in and around Albuquerque (and other areas too!). We’re not listing your house… we’re actually the ones buying your house. Because we pay cash, we’re able to close quickly… or on your schedule. Like we’ve mentioned, when you work with us there are no fees… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs, having to come out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is).
Don’t worry about repairing or cleaning up your property. We’ll buy your house in as-is condition… no matter how ugly or pretty it is… no matter the location.
What Questions to Expect?
You will talk to Miriam or Pam about your situation. Our goal is to understand your situation and present options and solutions. We need to really understand your needs:
Digging deep and really understanding you and your situation is how we form an offer that will work for you. Everyone comes from different walks of life and has different needs, we are here to listen and provide solutions and options. We can’t wait to talk to you!
- How quickly do you want to sell?
- Why are you selling?
- What is the condition of the house?
- How much do you need for the house?
- What is important when you sell?
How Determine Cash Offer
“So how much am I going to get for my house?” This is usually what everyone is most eager to know. For good reason, you want to get a fair price! So let’s break down how it works when we calculate how much we can pay for your house.
First…
We use a simple formula. There are 4 different parts of the formula and we’ll cover what each part means and how we calculate them, but let’s first take a look at the overall formula
THE FORMULA we use to make your offer: [ARV] – [Repairs] – [Trans. Costs] – [Min. Profit] = $$ YOUR OFFER $$
What does this mean??
Let’s break down each of the 4 different figures one by one, starting from the beginning…
- The After Repair Value (“ARV”), It is the price we think we can sell the house for after it’s all fixed up. To find this number, we look at recent sales for similar homes in your neighborhood. Sites like Redfin and Zillow are great resources to look for comparable sales and we look at SOLD comparables.
- Next is the cost to rehab the property (“Repairs”). It is what we estimate it would cost for us to fix up the house. We have a dialed in process with trusted contractors – which is how we can pay more than our competition.
- After that we take into consideration the transaction costs (“Trans. Cost”). If we’re going to resell the house, we need to make sure we give ourselves room for the commissions, closing costs and holding fees to come- which is usually about 10% of the ARV.
- Lastly, we determine our minimum profit (“Min. Profit”). Real estate is how we support and provide for our family and if we aren’t profitable, we wouldn’t get to stay in business so this is something we must factor in. Our minimum profit is dependent on the purchase price of the home, the higher we pay for a home or the more extensive the rehab, the more profit we need to make to off-set the risks.
Let’s put this all together…
So we start with what we can potentially resell the house for (“ARV”), then deduct all of the repair costs, deduct the transaction costs and minus out our profit… what is left is our maximum allowable offer – what we offer you for your house!