How Do I Sell My House In Connecticut Fast For Cash?

The Most Comprehensive And Detailed Explanation You Will Find Online! Understand How It Works So No One Can Take Advantage Of You!

How Do I Sell My House In Connecticut

Here you are wondering “How do I sell my house fast in Connecticut for cash“, thinking that these CT house buyers will offer you an insultingly low number for your house. All these Connecticut home buying companies boast fair offers, offers in 24 hours, and some even give offers without even setting foot in your property.

Yeah… right!

Believe me they will not err in your favor. Those offers are not solid offers or they are very low offers! But who cares how they do it. Let us show you how we do it!

So… How Do You Make My Offer?

I am Glad you asked!

I can give you a short straight to the point answer or, for a detailed explanation, just keep on reading.

Imagine you have a house (how about the house shown above) that you want to sell. Now, also imagine your neighbor, (as in the house right over your fence) has the exact identical house as yours, except for a few upgrades he made… say, he added granite countertops, 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 (bringing your house to  very similar condition as your neighbour’s house), we would also be able to sell your house for $300K. Correct?

Therefore,

We know the Market value of your house if we fixed it up (in this case $300K), and we know the cost of repairs/upgrades. We can now make an offer that works for us. If this offer also works for you, great we close and you get your money at closing! As you can see, we make offers based on the market numbers, not based on how desperate you may or may not be to sell.

It really is THAT simple!

You can find more info here on how we work our offers!


Transparency At It’s Finest

For those Math lovers you will appreciate this section. We value honesty and transparency. We have no issues sharing with you how exactly we formulate our offers.

[Your Offer $$] =  [After Repair Value] – [Cost Of Repairs] – [Our Selling Costs] – [Our 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 we are just like your favorite HGTV flipping show.

Cost Of Repairs (COR): This is what our cost will be fixing/updating the house AFTER we purchase it from you.

Our Selling Costs: Although we buy houses without involving agents, we on the other hand, have to use an agent to sell that house again AFTER we have purchased it from you and fixed it up. So we 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 us ;). This is usually 10% all together of selling price. (Our Selling Cost = 10% x ARV)

Our Minimum Profit: Yeah, this IS a business after all, and we wouldn’t be able to stay in business, buy more houses, pay contractors, plumbers etc, if we didn’t make some sort of profit. However, we keep this to an absolute minimum so we can present you with the highest possible offer. See, our 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.


 

 


OK  good idea. Let’s take an actual house we recently bought and share with you how it happened. Let’s say this is your house in its current condition:

How Do I Sell My House In CT Fast For Cash

How Do I Sell My House In Connecticut Fast For Cash

Connecticut We Buy Houses

 

Not bad right? OK it could use a new roof 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:

We Buy Connecticut Houses Cash

 

In order for us to also be able to sell your house (well, our house after we buy it from you) for $300K, we need to bring your house to this exact same condition, 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 look as gorgeous as your neighbour’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!

OK, if the house after it is completely fixed and updated would sell for $300K, how much would it sell for, 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 Connecticut… (us.. duhhh)! If you have not,… you really should! We would come in, with our contractor. We bring our contractor and our agent to the walktrough, so that our agent tells our contractor what needs to be fixed (as she knows what buyers are currently looking for) and what does not need to be fixed (to save on the cost of repairs). Then our contractor gives us an accurate COR (Cost of repairs). The more accurate these numbers the more accurate (and the higher) our offer will be!

Our agent tells us, that we need a new roof, because the neighbor across the fence that sold his house for $300K, also just did a new roof, as well as hardwood floors, removing wallpaper, installing new appliances etc. 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 Minimum Profit For This Purchase = $40K

Your Offer $$ = $300K – $70K -$30K – $40K = $160K


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 days, or a “maybe sale” for $174K hopefully within 4 to 5 months.

~Decisions decisions..


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 $$ = $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.

HOWEVER:

We should mention that although this scenario does happen, it doesn’t happen often. If a house is in SUCH great shape that it only needs so little repair, chances are you are better off listing with an agent! But we can definitely run the numbers for you and see what the outcome is!


For this exact house, the seller accepted our offer. They needed to sell fast, didn’t want to deal with agents, and they wanted the least amount of hassle. The review below is genuine!

We Buy Houses CT“I meet and worked with Jerryll recently and was very impressed. He is very honest and trustworthy, he is not pushy. He encourages you to talk to a realtor and have multiple options before making any decisions. He makes sure you are 100 % comfortable.”

— Lenny C, [Waterbury CT]

 


 

 Ahhh I Finally Get it Now, So How Do I get Started?

We offer Cash for your Connecticut house fast, in just 3 easy steps:

We Buy Houses CTTell us about your property in CT, by filling in the form below.

Get Your Free Offer TODAY!

Your Free Offer Starts Here. Fill out this form to receive your cash offer today!

  • This field is for validation purposes and should be left unchanged.

We Buy Houses ConnecticutWe will meet you at the property and go over any questions you may have. We then present you with an all cash offer.

Sell My CT House FastWe close at a local reputable attorney, cash in your hands, property off your hands!


“I Need To Sell My House In Connecticut!”

We Buy Houses In CT Navigation

We know there is a lot of info on our site.  Let us help you navigate through it all.


  • Now that you know how it all works,  this is a good time to see if you want to work with us! Are we credible, fair and honest? Get To Know Us and find out!

Are You Ready For Your Offer?

I Want An Offer Right Now


 

We Are Cash Home Buyers In Connecticut

Noorden Estates LLC, “We Buy Houses In Connecticut” buys houses in Connecticut. We are House Cash Buyers In CT. We eliminate all the encumbrances that come with the traditional way of selling your house. We do not rely on bank approvals; we have our own cash. We buy as is and can close quickly. Because we are not agents and we have absolutely no intention to list your house, there are no agent fees or commissions. We are absolutely ready to buy your house right now and can close immediately! It all starts by filling in our form.

We at “We Buy Houses In Connecticut” value honesty, integrity and transparency. Therefore, we will hold your hand during every step of the process. We start by explaining exactly how it works, what to expect and what timeframe we are working with. If you need to sell your house in Connecticut fast, we truly believe we are a great option! Remember, no repairs, no agent fees or commissions and we buy in any condition! Even if you are facing foreclosure we can help stop it. Don’t sit on it, give us a call!

We Buy Houses Fast Connecticut