How The Process Works
Tell us about your property through a form on our website.
We will reach out to understand your situation and goals.
We present you with a fair all-cash offer or an alternate solution that works for you.
We close at a date of your choosing on which you get your cash!
Timeframe: Once we get your information, it’s our goal to connect with you within 24 hours and often within minutes. Once we have the complete information – condition, your situation, and goals, we aim to make you a cash offer or provide you with an ideal solution within 24 hours. If you accept, we can close as quickly as you’d like.
Contact us today to get your offer!
That’s Great But How Do You Come Up With Your Cash Offers?
Our offers are not based on desperation, they are based on numbers.
[Your Offer] = ARV – Repairs – Holding Costs – Our Selling Costs – Our Minimum Profit
Now, what is “ARV”? ARV means After Repair Value, it is what your property will be worth when it is all fixes up.
What are holding costs? Holding costs are anything associated with holding the property, such as the interest we pay investors for access to the money we use, utilities, property taxes, and insurance, these typically amount to around 5%.
What are selling costs? Selling costs are anything associated with selling the property, this would include things such as staging, realtor commissions, and legal fees. These typically amount to around 10%.
How much profit do you make? We aim to keep our profit to a minimum but moderate amount. Being a business, we can’t do this for free, and flipping houses does carry A LOT of risk so we do have to be careful when doing so. If we kept our profit to an extreme, nobody would sell to us, and if kept our profit close to zero, we would be out of business.
Can You Give Me An Example?
Let’s pretend a house has an ARV of 400K, this means that if EVERYTHING is updated, it is likely that it would sell for 400K on the market when sold with a real estate agent.
It needs 50K of work.
250K = 400K – 50K – 20K – 40K – 40K
This means that your cash offer would be 250K and we would make 40K in a ‘perfect world.’
If you instead decided to go with a real estate agent, had your market sit for months and perhaps got around 300K for it, you’d actually walk away with:
300K – 30K = 270K
The above does not consider your own holding costs and the stress of holding onto an unwanted property. As you can see, there is a different with selling on market compared to a cash house buyer, however that difference can be minimal once you factor the stress involved with a traditional sale.
What does “as-is” mean?
We buy your Alberta home as-is, meaning you don’t have to worry about doing repairs, fixing your home up, or getting it ready for showings. You won’t even have to worry about getting the property professionals cleaned or having to take every belonging of yours out of the house when you move out. You can leave behind whatever you do not want to take with you to your new home. We’ll handle all repairs, inspections, cleanups, and more after we purchase your home. We factor this into our offer, of course, but it saves you the money and the headache associated with getting your home ready to sell.
What does an “all-cash offer” mean?
“All-cash” means exactly that – all cash for your Alberta home! Because we are real estate investors who are purchasing your home directly, we don’t rely on traditional financing like retail homebuyers. When you sell to us, there’s no risk of the financing falling through, or closing being delayed. When we make you an offer, that’s the full amount you’ll receive at close. There are no commissions involved, and potentially no closing costs as well, depending on the situation. We do not need to bring an offer full of financial contingencies or go through the hassle of getting mortgage brokers because we have cash available ready to spend. Once the closing is successfully done, you will simply receive the amount mentioned on the offer (minus any mortgage amounts left on the property and if there are any leans of course), and walk away with exactly what you thought you were getting.
How fast is a fast closing?
After you send us information about your home, we can make you a no-obligation, fair all-cash offer in as little as 24 hours. Once you accept, we close at a local, reputable title company in as little as 10-14 days. If the situation is dire, and an even faster closing is needed, we will still try to get something done so we can help you resolve your dilemma, or at the very least, provide you with some useful contacts that can better help you with your situation. Compare that to the 30-60+ days it can take to close when listing your house the traditional way, and the benefits are obvious! Not everyone can wait that many months to get the funds or having the house sold, which is why they prefer selling their house privately to cash house buyers like Alberta Property Buyers.
What if I don’t need a fast closing?
At Alberta Property Buyers, we work on your time frame. If you don’t need a fast closing due to the need to make arrangements, explore your future options, etc., we will schedule the closing on the day that works best for you! We have worked with several sellers who have needed a 60 day closing, and we were able to provide them that, and even the flexibility to move the closing date around a bit. Our intention is to make this process stress-free for you, and we will do everything we can to ensure that it is a win for everyone involved!
Will I get a low-ball offer?
Our goal is to provide you with the fairest offer possible. Unlike other buyers or the big tech giants, we’re transparent with how we arrive at an offer amount. What we offer is based on what the value of the property may be once we make the necessary improvements and upgrades. It takes into account the repairs or updates the property needs, what comparable properties have sold for recently on the market, and as mentioned, what the value may be once all of the necessary work is done on the property. We’re entirely transparent with this offer process and happy to walk you through how it works.
Is this even legit?
Yes, it is! The real estate industry is rapidly changing, and thousands of Canadians are exploring their options when it comes to selling their house the fastest, easiest, and most transparent way. That’s where we come in. We offer an alternative for those homeowners who may not have the time, financial capacity, or ability to list their house on the market for top dollar. We’ll work with you to assess your situation, make you a transparent all-cash offer, and close on your timeline. It really can be that easy!
Click on fastest way to sell your house to learn more about how to sell your Alberta house fast for cash!