What We Look At When We Buy Houses

Meet Donato! You’ll likely talk to him about your offer. To give you the strongest offer possible to buy your house, we need to understand what you need! For example,

  1. How quickly do you want to sell? 
  2. What condition is the house in? 
  3. How much are you hoping to get for it? 
  4. What’s motivating you to sell? 
  5. What’s most important to you when you sell?

Call Us At (208) 595-1170

How We Calculate Your Cash Offer


“Well, how much can I get for my house?” This is the big question you want to know and for a good reason too. You want to get a good price! This process is exactly how we calculate how much we are able to pay for your house.

To Start…

  1. We use a simple equation and it has 4 parts. Overall, it looks like this

ARV – Repair Costs – Transaction Costs – Minimum Profit = Your CASH OFFER

  1. “What does that mean?” Here is what each part of that equation represents. 
    1. The After Repair Value or ARV is the price we think we can sell or refinance the house for after it’s fixed up to pristine condition. To find this, we look at recent sales for similar homes called comparables or “comps”. Websites like Redfin, Trulia, or Zillow are nice examples to look for comps. 
    2. Then we look at how much it costs to rehab the property or the Repair Cost. This is what we estimate it would cost to fix the whole place up nice and pretty. Our preference is fast, in-and-out rehabs that keep our costs low instead of huge, massive jobs – that’s how we can pay more than other guys. 
    3. Next we look at the Transaction Costs. If we are going to resell or rent out the property down the line, we need to make room for the commissions, closing costs, and holding fees to come – not to mention getting photos taken, professional cleanings, property management…the whole 9 yards. All of this adds up to around 10-13% of the ARV. 
    4. Lastly, we crunch the numbers to find our Minimum Profit. Real estate is how we support our families and if we aren’t profitable, we couldn’t stay in business or provide this solution to homeowners – so this is something we have to factor in. Our minimum profit depends on the purchase price of the house. The higher we pay for a house, the more profit we have to make to offset our costs. 

Overall…

We take the After Repair Value (ARV), subtract all of the Repair Costs, Transaction Costs, and our Minimum Profit and we get our Maximum Allowable offer. That is how much we can afford to pay for your house! 


Cash for your house in Boise

Timeframe: Once we get your info, we’re usually able to make you a fair all-cash offer within 24 hours. From there, we can close as quickly as 7 days… or on your schedule (sometimes we can have a check in your hand the very same day!).

Selling Your House Can Be A Quick And Simple Process

Stepping Stone Houses buys houses fast in and around Boise (and other areas too!). We’re not listing your house… we’re actually the ones buying your house. Because we pay cash, we’re able to close quickly… or on your schedule. Like we’ve mentioned, when you work with us there are no fees… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs coming out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is).


Timeframe: Once we get your info, we’re usually able to make you a fair all-cash offer within 24 hours. From there, we can close as quickly as 7 days… or on your schedule (sometimes we can have a check in your hand the very same day!).

Selling Your House Can Be A Quick And Simple Process

Stepping Stone Houses buys houses fast in and around Boise (and other areas too!). We’re not listing your house… we’re actually the ones buying your house. Because we pay cash, we’re able to close quickly… or on your schedule. Like we’ve mentioned, when you work with us there are no fees… like there are when you list your house with an agent. What this means to you is you don’t have to worry about extra costs coming out of pocket to sell your house fast, or even getting your house ready for a sale (we’ll buy your house as-is).

See what we can offer you for your house…