How Do I Sell My House In Maryland For Cash?
Our Cash Offers Are Based On The After Repair Market Value Of Your House!
How much cash we offer for your house is probably the big question you'd like answered. Here on this page, we will explain the entire process, how we buy houses in cash, first through a quick overview, then followed by a more detailed actual breakdown of an offer we have recently made a homeowner just like you.
Here's How. It is Easy As 123
Selling your house for cash could not be easier. We eliminate the need for official inspections or third party approvals making the entire selling process hassle-free with the ability to close on your schedule. No delays, no open houses, no walkthroughs, no uncertainties.
Step 1
Fill Out The Form
Share some basic details about your property, such as the address and condition of the home to help us understand your situation.
Step 2
Pick A Date
We will visit your property and make a fair, no-obligation, cash offer for your house based on its current condition within 24 hours.
Step 3
Get Your Cash
If you accept our offer, choose a closing date that works best for you. Whether you need to close quickly or take a little more time.
Our Clients Have Had Great Experiences With Us!
Marie Huddleston - Laurel MD
Working with ACE HomeBuyers, LLC was great. I really can't say enough good things about the company. I worked with Brett, he was honest, responsive, and transparent. They didn't try to hide anything which can be hard to come by. The entire process was quick and easy!
Olga Michaelidis - Pasadena MD
I am so happy to have found Tyler and Brett at ACE. In a world where everyone is out for themselves, these men are both a breath of fresh air. They are upfront and honest and made our transaction so seamless and easy. Very easy to work with and I will 100% recommend them to others and do business with them again, given the opportunity. 10/10
Michele Michael - Pasadena MD
Brett is an exceptional man with intelligence, honesty, foresight, vision and best f all LOYALTY! I have been a Realtor since 1998 and have never been fond of the investment buying process until Brett! I love working with him as his Realtor. I am so honored that he chose myself to do this job and I am so excited for the years to come!
Get Your Offer Started Today!
The Offer:
Our offers are based on the After Repaired Value of your house. This way we can make the highest fair offers for your house where we can walk away with our profits, and you with the cash you need.
Here is a breakdown of how the offer is generated.
[Your Offer] = [After Repair Value] - [Repairs Costs] - [Selling Costs] - [ROI]
This Is How We Calculate Our Cash Offers:
1
We Determine The After Repairs-Market Value Of Your House.
After-Repairs Value (ARV): This is the market price of your home AFTER we buy it, Renovate it and sell it. This price is calculated based on the recent comparable sales of similar houses in your neighborhood.
2
We Calculate The Cost of Repairs
The Cost of Repairs: This is what we estimate our cost will be to update the house to current market conditions AFTER we buy it, and it’s what you are saving (along with your time) if you sell your house to us!
3
We Determine Our Selling Costs
The Selling Cost: This is the amount it will cost us to Buy and Resell your house. We have to pay agent fees, closing costs on the purchase and sale, taxes, and holding costs. These are all the fees you do NOT have to pay, if you sell your house directly to us. This is usually 10% of the ARV.
4
Return on Investment (ROI)
Return On Investment (ROI): This is how we pay our contractors and keep the business running. If we didn’t return some level of profit, we wouldn’t be in business! However, we keep this to an absolute minimum so we can present you with the highest possible offer. Our business model is structured around making many deals with little profit per deal, instead of few deals with huge profits per deal.
Simply put, it all boils down to this simple concept:
Your offer will be the market value of your house completely fixed up, minus all the costs associated with us bringing the house to its completely fixed-up condition, minus our profits (of course).
Check Out An Actual Case Study…
Let’s look at a house we recently bought in MD…
1
Let’s say this is your kitchen in its current condition:
It’s not bad right? But it could use some updating…
2
Now let’s look at your neighbor’s house across the street who has the exact same house as yours. He updated his 70’s kitchen with new cabinets and quartz. He also paid for a new roof, siding, and flooring. This is what his kitchen looks like after he paid for all those repairs.
3
Well, no wonder he sold his house for $300K, It’s Gorgeous!
In order for us to also be able to sell your house for $300k, we need to update your house to at least same condition as your neighbors, or better!
Why?
Because we will not be able to sell the house in this current state for $300k when all the other houses that are currently for sale in your area for $300k look as gorgeous as your neighbor’s.
Would you as a buyer be interested in buying a house in lesser condition for $300k when a much nicer house sells for the same price?
No, of course not!
So you are probably wondering…
If my house would sell for 300k after it is completely renovated, how much would it sell for now as-is before any updates?
This is where the ACE HomeBuyers, LLC come in with our local contractor
We try to bring our contractor to the initial walk through so that we can get an exact estimate on the cost to make the necessary repairs and upgrades.
At the end of our walk-through...
We tell our contractor that we need new cabinets and quartz countertops because the neighbor who sold his house for 300k has quartz as well as new roof, siding, and flooring.
Our Contractor gives us an accurate estimate for the COR (Cost of Repairs).
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 renovation in our minds and we know exactly what all the numbers will look like.
The more accurate these numbers are the more accurate (and higher) your offer will be!
We take our contractor’s estimate home and do our due diligence so we can present you with a fair and honest offer within 24 hours…
Let’s say our contractor gives us a cost of repairs of $70k.
Now We Are Ready To Make You An Offer!
Here are the numbers:
As-Is Value = $190k
ARV (After Repair Value) = $300k
COR (Cost Of Repairs) = $70k
Our Selling Cost = 10% x $300k = $30k
Let’s say Our Profit For This Purchase = $45k
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $300k – $70k – $30k – $45k = $155k
Your Offer = $155k
We Play By The Numbers
We do not waste your time and make offers based on how desperate you may or may not be to sell. We don’t base offers on some percentage of the After Repair Value. We simply add the numbers up trying our best to give you the highest possible offer. We want to make we are providing you with the best solution and feel confident when selling your house to us!
We’re Aren’t Done, Yet! Let’s Analyze Your Offer…
So, let’s assume your house is worth $190k as is, meaning if you listed with an agent you could sell it for $190k and make no repairs.
However, after 10% (or $19k) in agent fees and closing costs you would probably walk away with about $171k for it. This could be 4 or 5 months from the time it was put on the market!
And no one can guarantee the house will actually sell on the market for $190k or sell at all.
So now you have a decision to make…
Option 1: Sell it for a guaranteed cash offer of $155k and close in as little as 10-30 days.
Option 2: Hopefully sell it for $190k on the market, and receive $171k if bank financing doesn’t fall through and if your closing doesn’t get delayed further.
But wait...
What If The Cost Of Repairs Was $50k Instead Of $70k?
Now things start to get interesting!
Let’s look at the numbers again…
As-Is Value = $190k
ARV (After Repair Value) = $300k
COR (Cost Of Repairs) = $70k
Our Selling Cost = 10% x $300k = $30k
Let’s say Our Profit For This Purchase = $45k
[Your Offer] = [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]
Your Offer = $300k – $70k – $30k – $45k = $155k
Your Offer = $155k
Yes! That is almost 5k more than what you would get if you had listed it as-is on the market with a real estate agent (remember that you would only get $171K after all agent fees and closing costs.)
Additional House Selling Options?
Cash Offer
- Commissions/Fees: NONE
- Closing Costs: NONE, We Pay All Costs
- Mortgage Financing: NONE, We Make Cash Offers Approval Required
- Inspection Contingency? NONE, We Buy As-IS
- Appraisal Needed? NONE, No Contingencies
- Closing Date: 10 Days, or Day of Your Choice
- Repairs Needed? NONE, We Pay for All Repairs
Creative/ Seller Finance
- Commissions/Fees: NONE
- Closing Costs: NONE
- Mortgage Financing: NONE, Subject To Existing Loan
- Inspection Contingency? 7-14 Days
- Appraisal Needed? NONE, No Contingencies
- Closing Date: 30-45 Days, or Day of Your Choice
- Repairs Needed? NONE, We Pay for All Repairs
We always start with a cash offer since it is the easiest way to get CASH Fast. However, sometimes getting cash quickly isn’t always in our sellers best interest. We already went over how our cash offers are calculated, but I’m sure you’re asking yourself…
What is Creative Financing?
Is Creative Financing Right For You?
No Equity:
Your Home was purchased in the last 3 years. We can take over the existing mortgage so you can sell without owing money at closing.
Own the Home Free and Clear:
You can become the bank and we can offer you over market value! You decide the terms and seller finance your home to us.
Have Equity and a Mortgage:
We can take over your existing mortgage and you can seller finance your equity to us. You would receive monthly payments for your equity based off of our agreed upon terms.
SCAM ALERT!
“How Do I Know this is NOT A Scam? And That You Will Close?”
There are so many new investors and scammers in the market that you’re smart to be skeptical of this. Getting the highest offer for your home means nothing if the buyer reduces his price after an “inspection”, asks for a price reduction, and cannot close. The deal ends up falling through and It’s very common for sellers to reach out to us after one (or sometimes multiple) “We buy houses” companies in our area failed to close. They are frustrated and distrustful of investors.
That’s where ACE HomeBuyers, LLC are different. Our small team makes fair and honest offers with the intent to close, always. Our offer will not be inflated to just get you under a legally binding contract to be reduced later in the process. That’s why we receive so many positive reviews!
“How Can I Avoid Being Scammed?”
Professional Website
A business’s website is a direct reflection of who they are as a business and personally. Explore the site to see if the company shows who the people are behind the business. Look for pictures of the owner(s) and any possible employees. Check if they give you their names (first and last names are important, so you can cross check if they are a real person on Google).
Online Reviews
A legitimate business will have reviews online. We’re not talking about text inserted on the business’s home page… Verify there are reputable Google or Facebook reviews.
Contract Terms
Don’t fall for a small deposit that doesn’t get delivered to escrow for 30 days (The ACE HomeBuyers deposit within 48 hours). Many scammers use “weasel clauses” to leave a backdoor open for themselves allowing them to back out of deals weeks after going under contract. These are signs a buyer is not serious about closing.
We Are Cash Home Buyers In Maryland
The ACE HomeBuyers, LLC value authenticity, honesty, integrity, and transparency. We eliminate all the headaches that come with selling your house the traditional way in MD. We do not rely on the middle man (banks, inspectors, and other financing contingencies). We buy as-is and close on your terms. When we make you a cash offer, that is the true amount we are offering. We do charge commissions or fees like real estate agents. If you need to sell your house in Maryland, we truly believe we are a great option! We are ready to buy your house now, and it all starts by filling in our form.
Get Your Offer Now!
We Offer a Stress-Free Solution
We will do our best to bring you an offer that works! We will handle everything so you don’t have to! Remember, it’s 100% FREE and never any obligation to accept. Fill out the form below and get your offer started!