How It Works
Simple Home Offer is an educational resource for homeowners. We find out the particulars of your situation and provide the best recommendation for you to sell your home.
We’ve had years of experience in building similar sites in the consumer finance industry and have a burning passion to help bring the real estate industry into the modern era.
What We Do
There are so many exciting new entrants into the real estate industry that can help streamline the archaic process of selling a home. It is no longer necessary to just enlist the help of your uncle’s neighbor who happens to be a real estate agent to sell your home.
There are discount brokers, flat fee listing services, investors offering simple cash offers, and wholesalers that all have a place in this quickly changing industry and that can help you sell your home quickly for a fair price.
The easiest way to sell your home. Get an instant cash offer and move forward.Get My Offer
How Simple Home Offer Works
1. Tell us about your situation
- Our simple form takes only a few minutes to complete
2. We’ll share relevant data about your home and local market
- It’s only fair that you should get some helpful info along the way!
3. We’ll analyze your info and provide our best recommendation for your situation
- We’ll show you the pros and cons of each option
4. Move forward, fully informed, and sell your home on your timeline!
- Don’t worry! We’ll still be here to help you with other steps in your transition.
Conventional Loan FAQs
Financing a home is an important investment. It’s ok to have questions. We’ve compiled answers to the frequently asked ones, but don’t hesitate to ask more.
The allure of iBuyers like Opendoor, OfferPad, Knock, and Zillow Instant Offers is they will provide you an “instant offer” on your home which allows you to:
1. sell your house more quickly
2. Not need to keep your house in tip-top shape for weeks when potential buyers are walking through
3. Find your next house on your schedule
4. Only have to show your house once.
So once you find out that this is an option, immediately people ask how much it cost to use this service. Currently, iBuyers are able to buy your house with as little as a 6% convenience fee, although those numbers can increase to 7 and 8% (and higher in some cases) depending on your house scenario. The convenience fee is similar to traditional real estate commissions, so this service is excellent for someone that is ready to move or needs to move in a certain timeframe.
Once you have an iBuyer make you an offer for your home, and you accept, the next step is for them to evaluate any repairs that need to be done for the property. Any repairs that they flag will either have to be finished by the homeowner (typically through licensed contractors) or the cost of the repair will come off the purchase price. The goal of the iBuyer companies is to have a home as turnkey as possible – meaning they are ready to sell it as soon as they buy it from you. Repairs are costly, take time, and are difficult to get right, so iBuyers do their best to buy homes with minimum repairs necessary. These companies love to come in, clean the home out, update the paint and floors, then list the house on the market as soon as possible. iBuyer’s, like Opendoor, typically list their homes for sale within a few weeks after purchase as compared to house flippers who will take substantially longer to list, i.e. a few months.
The great thing about an Instant Offer Company is you can close in as little as 3 days. Your offer is good for up to 60 days from when you receive it which allows you to find your perfect house on your timeline. Once you do find the exact right house, then you can very easily coordinate the sale of your current home to line up perfectly with the buy of your next home. This has been a nightmare with traditional real estate sales.
From what we have seen, the iBuyers are making their money on very slim margins (1-2%) which is great for home sellers because that means the iBuyers are providing very fair offers (generally speaking).
Now using an iBuyer isn’t for everyone. Houses with major damage, houses that are very unique, and houses that are either really inexpensive or too expensive are not all going to work for iBuyers. Currently they are targeting the average middle American, trying to buy single family homes in good condition, priced $100k-$500k, in middle class neighborhoods across the country.
Instant Offer Companies are the next big thing for real estate and are becoming a real option. If you are interested in learning more about individual iBuyer companies or if you want to get an offer for a home you own, click here and we will be happy to help point you in the right direction.