So … You Want to Sell Your House Fast in Ohio?

We Buy Houses in Ohio and Can Close Quickly With Cash

We are able to do so because we are investors and you will be selling directly to us, there is no realtor in the middle collecting a percentage of the sale price or quite frankly, your equity. We cut out the agents, lenders, appraisers, etc. Which makes everything easier for you and saves you thousands of dollars.

Keep it Simple – Sell Your Home The Easy Way

Let us walk you through the process from A-Z. Remember there is no cost to you, our service is 100% free and there is no obligation whatsoever to accept an offer from us! Feel free to reach out with any questions at all. If you prefer to speak to a real live human on our team, please just give us a call: 614-636-4886

Send Us Some Info

Just fill in the form below, and you’re all set! We’ll get the process started.

We’ll Get in Touch

We’ll call you and make an appointment.

Get Your Cash

If you like our offer, simply set a closing date & get your cash at closing.

“I have known Eric for over ten years. I’ve done rehabs for him as a contractor and sold his company several houses over the years. He always does what he says he is going to do and gets deals to the closing table, even when title issues come up. He can close fast too. I would recommend working with his company if you need to sell your house.”

-Don Johnson, Columbus, OH.

If you are interested in getting a cash offer from us just fill out the form here:

So How Do We Buy Your House? Let’s Break It Down

We always encourage Sellers to do their research or due diligence to make sure that we are the best option. Below we will get into the nitty gritty, what follows is a detailed break down of what happens when you sell your house to Home Sell Ohio, from start to finish.

Learn a New Term – A Cash House Buyer is an investor or group of investors with the experience and resources necessary to purchase houses using cash. The transaction is closed by the cash buyer wiring funds to the title company directly. There are no lenders, banks, appraisers, or boards involved.

Find A Cash House Buyer – Since it’s 2023, the easiest way would be to do a Google search for “we buy houses,” “sell my house fast,” “cash for houses,” followed by your city and state. For example, since I live in Columbus, I might search ‘we buy houses in Columbus Ohio’ or ‘sell my house fast in Columbus, Ohio.’ You will see results pop up and the top ones are mostly likely the best, beneath the paid AD’s. You can identify the ads because the say AD next to the top.

Do Your Research – A little due-diligence is required on your part. Look over their website and determine if you find them to be authentic and credible. It is normally obvious if someone hasn’t put much time and effort into making a nice website, and this can be concerning because after all it is a direct reflection on their company. On the other hand, the good ones will stand out and you can get a feel for who they are as a company and as individuals. We recommend checking out the ‘Our Company’ and ‘How It Works’ section of their website. This makes it easier to decide who you like the best and who you want to work with.

Submit Your Info– The next step would be to submit some basic information into one of the forms on the website. On Home Sell Ohio, the forms have big orange buttons that read, ‘I Want My Cash Offer Now.” The information you provide at this point is the address of the property that you are looking to sell, and a good contact number and email. At the next step you will likely be prompted to answer some simple questions about the house.

Schedule An Appointment – Once your submission gets to the Buyer, the next step will be to schedule an appointment so that the buyer or buyers team member can come out to the property and meet you. If you don’t live in town there are ways to work out getting the buyer access to the property. There should never be any cost to you for this and you are not obligated to accept an offer if it doesn’t work for you.

Schedule The Closing – The closing should always be handled through a local licensed title agency. After the process is started they will reach out and you can select the best day and time. *TIP: Avoid people that want to do a quit claim deed and record it themselves. They could be scammers looking to pass you a bad check and by the time you sort it they may have already resold your home.

Sign Documents – Now you just need to sign the closing documents. They will be prepared by someone at the title company and the closing coordinator will go over everything with you and answer any questions that you may have. *If you live out of town or cannot physically get to the title company, a mobile closer can come to you.

Get Paid– Finally you are at the finish line. You’ve signed documents and now you want to know how you are going to receive your funds. The title company will issue your proceeds to you directly. You will be given the choice of a wire transfer or a check.

How Do We Calculate and Form Our Offers?

We Use a Simple Formula to Determine Our Offers

We just work backwards from what we believe the future retail value will be after all our hard work and experience are applied.

{ARV} – {Repair Costs} – {Cost to Sell} – {Our Minimum Profit} = {Your Cash Offer}

What the heck are we talking about? Well let’s define that a little:

• ARV – Above I already discussed ARV, again that is the after-repair value or actual retail value after we fix up your house. We start with that number and work backwards.
• Rehab Costs – Next, we determine what it will cost us to get the property into tip top shape and with nice finishes that allow it to sell.
• Costs to Sell – We always factor in our selling costs. These costs would include Carrying Costs, Realtor Commissions, Closing Costs (Title Insurance and all other closing related fees,) Property Taxes, etc. Typically, this ends up being at least 10% of the Sales Price.
• Our Profit – You didn’t think we were doing this just for fun, did you? Although we love helping people and this is fun for us, we are a Business and must make some profit just like any other business. Don’t worry we are fair and anticipate making a reasonable profit so it’s a Win-Win deal.

Simply put, we take the ARV (Actual Retail Market Value) after we renovate and we subtract repair costs, selling costs and our profit to craft your offer.

Let’s Walk Through an Example of Recent Purchase and Renovation

Here we will go through the process of an actual house we purchased so you will be able to see what goes into calculating one of our offers and this will all make perfect sense.

So You’ve Done Your Research

You’ve seen that the house where Mrs. Johnson used to live sold for $287,000. That’s great your thinking, but what was the condition of that home? It turns out that she sold it to a house flipper, and they did a really nice job fixing it up.

The put on a new roof, replaced the HVAC system, updated wiring, installed a new kitchen with granite counter tops, completely redid the bathrooms, refinished the floors and trim, and painted and likely more.

Let’s imagine that this is Mrs. Johnson’s house before she sold it to professional home flippers:

That wood paneling really gives it that ski lodge feeling. But seriously, its outdated and could really use some brightening up. Right?

Now Let’s See what Mrs. Johnson’s house looks like now after all those updates and repairs:

Now that’s a beautiful home, no wonder it sold for $287,000! So, if we buy your house, for us to be able to sell it for $287,000, we are going to have to do all those same repairs and updates to bring it up to the high standard of Mrs. Johnson’s house or better.

If your house looks like our friend Mrs. Johnson’s before it was fixed up, you’re probably wondering what it is worth in its current condition. We call this the “As Is” value.

Let’s look at how we arrive at this number

When we meet you at your house, we will be making list of what we need to do to get it retail sale ready or if it is going be a rental, what do we need to do to get market rent. We have been doing this a long time so we can normally come up with our repair costs pretty easily, we may also bring our contractor along.

We will also discuss the house with our agent so that we can determine the ARV as well as the “AS IS” value that we just went over. We know that in this case the retail value or ARV is about $287,000. Our agent tells us that the “As Is” value is about $95,000 based on comparable “As Is” sales.

In the neighborhood where this home is located and based on its condition, we know we will need to install new kitchen cabinets and granite counter tops, completely update the bathrooms, refinish or install hardwood floors, replace mechanical systems (HVAC, wiring, hot water tank, plumbing) and install a new roof.

So together with our contractor we determine that it will cost us about $130,000 to renovate to the standard necessary for a quick retail sale. We know from our little case study here that the ARV or retail value of your house is $287,000 and we know that our repair costs are going to be $130,000. And we cannot forget about our 10% cost to sell, or our minimum profit.

Now we can plug everything in and determine your offer.

ARV = $287,000
Repair Costs = $130,000
Cost to Sell = $28,700
Our Minimum Profit (for a deal like this) = $40,000
“As Is” Value = $95,000

Let’s bring back our formula from earlier to calculate your offer:

{ARV} – {Repair Costs} – {Cost to Sell} – {Our Minimum Profit} = {Your Cash Offer}
287,000 – 130,000 – 28,700 – 40,000 = $88,300

Let’s Do Some More Math

So, the house is worth $95,000 “As Is” if you list with an agent you will have to pay a 6% commission and at least 2% in closing costs.

{“As Is” Value} – {6% Agent Commission} – {2% Closing Costs} = Your Net Proceeds
$95,000 – $5,700 – $1,900 = $87,400.

You had to deal with finding and meeting an agent that you trust, listing the house and putting up with walk throughs for 6 months and now it’s time for the inspection. The inspector is thorough and not very kind with what he writes up in his report, in fairness that is his job. But the Buyers agent comes back and tells you they are asking for a $10,000 price reduction. So now your choices are to take the hit or terminate the contract and put it back on the market. And we didn’t even get to the appraisal in this scenario, the same thing could have happened there, it could have appraised $10,000 short.

$95,000 – $5,700 – $1,900 – $10,000 = $77,400

Our offer of $88,300 was already a bit higher than the $87,400 you would have gotten listing with an agent and that was before the inspector or appraiser showed up. Your net number could have quite easily turned into $77,400. Plus, you would have had to wait 6 months and deal with all that hassle.

The house used in this example was from a real case study on a real house that we purchased, renovated and re-sold.

You have to decide what is option best for you, but as you can see when selling your house “As Is,” you should strongly consider selling directly to a cash home buyer.

Now that you know how it all works, are you ready to see what the numbers look like on YOUR house? Fill out the form below, there is NO COST to you and there is NO OBLIGATION!