Sell Your House Fast Hawaii
How We Buy Houses
We buy houses in Hawaii and its surrounding areas at fair prices. There will be no fees or commissions to pay. Our services are available to you free of cost and obligations.
What Does Our Purchasing Process Entail?
You present us with information about your property.
We’ll get in touch to schedule an appointment when you find it convenient.
We propose a reasonable offer free of obligations.
We can finalize the sale in seven days if you find our proposal suitable.
Average Timeframe For Our Transactions: The speed of our transactions largely depends on sellers’ readiness to provide the required property details. We appreciate clients who provide us with full details of their property together with pictures (if possible). Working with a very responsive seller makes the process moves quickly, and we can finalize the sale within a week. Once the mail containing details of your property gets to us, we send our representative within the area to take a look at the property. After this, we put pen to paper in calculating the after-repair value of the property, and then we send you a quote (all within the space of 24 hours). If you accept our offer, we channel resources at our disposal to ensure that we close as quickly as possible. For clients who require an extremely fast-paced sale, we can close within a week and get your cash payment to you within three to 30 days after finalizing. If you have questions about our process, read our FAQs for more info.
Real Estate Sales Are Easier Than Ever
We invest in real estate across the state of Hawaii. Our investment process involves tactical approaches to solving the problems commonly faced by property sellers. We have eliminated the need to wait endlessly for a realtor to find you a buyer after listing your house on the MLS. We have also liberated sellers from the shackles of realtor commissions, closing costs, and other dubiously-imposed fees. Selling to us is a breath of fresh air mixed with a sense of security. We will buy your house as it is, take care of repair and costs accrued, and make payment in time.
How do we purchase houses?
You should be aware that our home-buying procedure consists of three simple steps. It all begins with our well-known cash offer. It’s much easier than you might think to get an offer. All we need are the specifics about your property, and we’ll make you a reasonable offer immediately. Remember that we provide free quotes and close transactions in good time.
You’ve probably heard about our simple transactions and may be curious about how we work. Check out these questions homeowners frequently ask.
Here are some FAQs
- What steps are involved in buying houses?
- What formula do you employ in arriving at the prices you offer?
- What factors are considered for your cash offer?
- What details influence your decision to purchase a property?
- How long does it take to finalize the process of the sale?
Continue reading for answers to these and other related questions.
What steps are involved in buying houses?
Our purchasing process is designed to make sales as straightforward as possible. We’re providing you with a risk-free cash offer! Check out this simplified version of our buying process:
- Complete any of our forms with full details of your property and your contact info. Or, you can ring us via our mobile number to speak with a team representative.
- When we receive your property details, we spend time calculating the market and after-repair value of the house. After which, we make you an offer that you are not obliged to accept.
- If our offer appeals to you or if you find it to be the best fit for your situation, then we will be delighted to document and close the sale. If you choose not to accept our offer, we will remain open to answering any additional questions or concerns you might have.
That concludes the Sell Your House Fast Hawaii buying process.
What factors are considered for your cash offer?
Our team has a wealth of experience in determining the worth of your property. We understand that your house means a lot to you and money might not be able to match the memories made in it. Thus, we do our best to keep you happy by offering the most competitive price possible. Before making any offer, our team carefully considers the following factors to understand your better situation and deliver the finest of our offers:
- How long do you expect the whole sale process to last?
- What drives your decision to sell your house?
- What is the exact condition of your property?
- How much do you think your house is worth?
When you’ve adequately answered these questions, we will proceed to make an offer on your house. Please note that our offers are not uniform. Each client gets a different offer, obviously due to the varying quality and conditions of the properties forming the subject of transactions. As such, we carefully examine the property’s design, condition, and location before giving you a quote.
The formula we employ in arriving at our cash offers:
Regarding real estate sales, there is one question on every seller’s mind; and it is nothing other than what amount they will be getting for their house. Like every other seller, you deserve an answer to this question plaguing your mind. Or, at the very least, you deserve to know how buyers and real estate investors arrive at the prices they offer. In the spirit of transparency, we’ll take you through the formula that many other buyers and we use in determining the purchase price of a property. You’ve come this far, and we advise that you stay with us till the end. Take a look.
Our Home Buying Formula
As already stated, our home buying formula helps us determine the prices we offer on properties. Please don’t fret; the formula is nothing complex. And for a better understanding, we’ll discuss each formula component separately.
ARV – REPAIRS – TRANSACTION COST – MINIMUM PROFIT = YOUR CASH OFFER
ARV
ARV is short for After Repair Value. Based on local market metrics, it reflects a property’s market worth at its ultimate maximum. In other words, the ARV represents the value of your home, assuming it is in good shape and does not require repairs.
REPAIRS
This component of the formula simply represents defects in the property that require fixing for the house to be in a perfect state. Repairs are not only limited to plumbing issues, fire damage, or broken door frames and hinges. The concept of repairs is quite subject, so what might seem like a defect to one buyer might not be an issue to another. Since we are real estate investors, we are quite particular about defects in a property. Don’t get us wrong, the state of your property will never be a reason for us not to make you an offer. However, by putting together a quote, we ensure that all defects are noted and budgeted for so we do not end up at a loss during renovations. We dedicate time and resources to our inspections to avoid running a loss. Where the defects to a property are rather extreme, we draft a proposal with a few “maybes” in it to cater to damages that we’re yet to discover.
TRANSACTION COSTS
There is a myriad of costs that accrue during property sale transactions. First of all, there are loan fees that the investor must, of necessity, remit to the lender. These fees are usually about 2% to 5% of the sum of renovation costs. While paying the loan, investors must also pay back the monthly interest and fees that accrue as well as a 5% agent commission and holding costs. In summary, transaction fees are predicted to be worth 15% or more of the final price.
MINIMUM PROFIT
When dealing with properties needing repairs, there is no such thing as being too careful. A simple mistake in detecting defects or adequately budgeting for them can cause severe damage to the finances of a business. We have a duty to build our brand’s finances and support our families. Nonetheless, we are obliged to buy your house at a worthy price. This sense of duty on both ends made us settle for a 15% profit margin. The profit margin sometimes varies depending on the condition of the property. The 15% margin, however, helps with stability. It is also our way of fortifying ourselves of defects we didn’t detect during repairs.
YOUR CASH OFFER
When we add our transaction costs to our minimum profit, we often find a 30% discrepancy between the two components. Using this technique, ARV – 30% – Repairs helps you arrive at a definite cash offer on your home. This algorithm is exactly how we arrive at the figures we offer. You may rely on our offerings to be reliable, and we will not charge you any unexpected costs. We make payments for all incurred charges and send you a check for the full amount. It is one of the benefits of dealing with Sell Your House Fast Hawaii.
Check out what we are willing to offer on your Hawaii property…
What details influence your decision to buy a property?
- Condition: What upgrades and improvements are required to bring the house up to its ARV? The flooring, roofing, wiring, plumbing, HVAC, bathrooms, kitchen, and foundation of the property are things we examine.
- Situation: We're also curious about the circumstances surrounding the sale. We'd like to know how soon you plan to sell, if there are any code violations or tax liens, and if the property is in probate. We'd also need to know if the property is a rental, as evicting tenants might be costly. Homes in remote locations are also susceptible to labor shortages.
- Mortgage: What's the balance on your mortgage? It's essentially a win-win situation if you get to keep some money after paying off your mortgage. We can assist you if a significant portion of your mortgage is still owed. However, it would be best if you were open to considering other alternatives.
- Tenants: Tenants who cause problems can be a real hassle. They are expensive in terms of both money and time required to evict. It can take up to a year to remove a problematic tenant, which you most likely cannot afford. However, because we have extensive experience dealing with them, we will have them removed from the property as soon as possible. And in doing so, we frequently consider the tenant's response and desire to participate.
How long does it take to finalize the process of the sale?
We make every effort to close sales as soon as feasible. We contribute by using foresight to anticipate potential roadblocks and deal with them as they materialize. We strive tirelessly to maintain our commitment to all of our clients for a timely closing.
Finalizing the sale process is dependent on how quick you are to accept our offer. When you agree to our offer, we begin the process of documenting the sale with a reputable title business. We will furnish the company handling the documentation with all the required info, including the purchase agreement and the EMD (Earned Money Deposit). We ensure that we tackle potential issues head-on to prevent them from resulting in bigger issues that might mess with the agreed timeframe.
The title company is responsible for examining the title to verify that it is legit and not defective. If they detect any issues with the title, we will do our best to correct them if possible. And we’ll proceed to acquire funds and inspect the property after the issues have been resolved. Please note that we do not expect you to clean or stage for the inspection as it’s nothing serious. We will just take a walk of the property with some of our partners and contractors.
At this point, you’re only a few days away from receiving your cash payment and finalizing the sale. The closing often takes just seven days to be completed. If there are title concerns or additional issues to be sorted, the closing might span 10 to 28 days.