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

We Offer Cash For Your MS House. Here’s How…

By eliminating the middle man, (agents, banks, inspectors, etc.) and by simply paying cash we can significantly un-complicate things. We can truly make buying your house fast and easy!

Hey!! My name is Cory.  I am one of the acquisition managers here at Mid-South Home Offers. I will be walking you through the entire process getting your no-obligation cash offer started.  This is a free offer without any cost involved and without any obligation to accept any offer we make you. If you rather talk on the phone feel free to call me at my direct line at ‪(662) 622-1422.‬

Step 1

SEND SOME INFO

We research the details of your home and start crafting a great offer for you.

Step 2

GET IN TOUCH

We present you with a fair cash offer with no obligation and no fees.

Step 3

GET YOUR OFFER

If you like our offer we will close with a local title company so you can get your cash ASAP.

“They will give you the information that is best for you and will even encourage you to check out some of their competitors just to make sure you’re getting exactly what you need. I’m more than happy to recommend these guys to any and everyone.”

Theresa K. [Olive Branch, MS]

Get An Offer Today, Sell In A Matter Of Days...

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We Buy Houses – These companies will often try to give you the lowest possible offer. This doesn’t make any sense to us. We spend time and effort doing your home analysis so we can get you a great cash offer for your home in Mississippi. We spend time and money driving to properties all over the Mid-South.  All these services are 100% FREE to you!  No one will accept a low offer and we would have spent so much time, money and effort for nothing.

Our Offers Are Based On Your Home’s “After Repair Value”!

We simply look at what the value of your home would be, completely fixed up. Based on this value we will formulate your offer!

Here’s How. . .

Imagine you have a house that you want to sell. . .

Now, also imagine your neighbor, has the exact same, identical house as yours, except for a few upgrades he made… he added granite counter tops, 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.

Now We Know That. . .

If we make the same upgrades to your house (AFTER we buy it from you of course), bringing the house to a very similar condition as your neighbor’s house, we would also be able to sell it for $300K.

“So how much am I going to get for my house?”

This is usually what everyone is most eager to know. For good reason, you want to get a fair price! So let’s break down how it works when we calculate how much we can pay for your house. 

First…

we use a simple formula. There are 4 different parts of the formula and we’ll cover what each parts means and how we calculate them, but lets first take a look at the overall formula.

The formula we use to make your offer: [ARV] – [Repairs] – [Trans. Costs] – [Min. Profit] = $$ YOUR OFFER $$

What Does This Mean?

1. The After Repair Value (“ARV”), is the price we think we can sell the house for after it’s all fixed up. To find this number, we look at recent sales for similar homes in your neighborhood.
2. Next is the cost of rehabbing the property or what is the cost of the (“Repairs”). This is what we estimate it would cost for us to fix it up. We like to do quick, in-and-out rehabs that keep our costs low – which is how we can pay more than the competition.
3. After that, we take into consideration the transaction costs (“Trans. Cost”). If we’re going to resell the house, we need to make sure we give ourselves room for the commissions, closing costs, and holding fees to come- which is usually about 10% of the ARV.
4. Lastly, we determine our minimum profit (“Min. Profit”). Real estate is how we support and provide for our family and if we aren’t profitable, we wouldn’t get to stay in business so this is something we must factor in. Our minimum profit is dependent on the purchase price of the home. The higher we pay for a home, the more profit we need to make to offset the risks.

Let’s say this is your house in its current condition:

Not bad right? OK it could use a bit of loving but not too bad. It is just outdated, closed off…

Now remember, your neighbor with the exact same house as yours? He got a new roof, updated the kitchen and bathrooms, put granite in, and put in hardwood flooring? Well, this is what his house looks like after he did the changes:

Well, no wonder he sold it for $300K, it is gorgeous! WOW!

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 the same condition as the house of your neighbor, or better, so that we can also sell it for $300K!

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 neighbor’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!

So an obvious next question you’d ask, would be:

OK, if the house after it is completely fixed and updated would sell for $300K, for how much would it sell as is?

Sell My House In MS For Cash Or Should I List It 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 house buyers in all of Mississippi… (us of course)! If you have not,… you really should!

We would come in, with our contractor and if we can, our agent. (We bring our contractor and our agent to the walkthrough, so that our agent tells our contractor what needs to be fixed (as he/she knows what buyers are currently looking for) and what does not need to be fixed (to save on the cost of repairs).

Our Agent: Tells us, that we need new granite counter tops, because the neighbor across the fence that sold his house for $300K, also has new granite, as well as hardwood floors, removing wallpaper, installing new appliances etc.

Our Contractor: Gives us an accurate COR (Cost Of Repairs).  See, we know exactly what we will do to the house the second we are done with the walk-through and we have already completed the flip in our imagination and we know exactly what all the numbers will look like.

The more accurate these numbers the more accurate (and the higher) your offer will be! Let’s say our contractor gives us a cost of $70K in repairs.

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] =  [ARV] – [COR] – [Our Selling Costs] – [Our Minimum Profit]

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

Your Offer = $160K

As you can see, we play by the numbers. We do not make offers based on how desperate you may or may not be. We don’t base offers on some percentage of the After Repaired Value. We simply add the numbers up trying our best to give you the highest possible offer we can make you, to make sure you will be happy, and thus to make sure the contract will be signed, so that we can get our next flip going! Makes sense doesn’t it!

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 because who has $70k to renovate the house, hire contractors, over see their work, and hope all goes well?

So now you have to make a decision.

Sell it for a guaranteed sale for $160K in as little as 10-20 days, or a “maybe sale” for $174K hopefully within 4 to 5 months MAYBE.

~Decisions, decisions..

BUT WAIT!!!

What If The Cost Of Repairs Was $30K Instead Of $70K?

YES!! LETS BREAK IT DOWN BECAUSE THINGS JUST GOT INTERESTING

Yup! That is $10,000.00 MORE than what the house is currently worth in the AS-IS condition that the realtor told you, 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.

You will be required to sign and return a simple purchase and sell agreement.

Once you return the signed purchase and sell agreement, we will open Escrow immediately. Escrow will then provide you with Escrow and Title paperwork to complete.

Once all parties have received the necessary completed paperwork from you, we will wire the closing funds to Escrow. It only takes us one day to wire the closing funds to Escrow. 

Once Escrow receives the closing funds, Title records the sale on the date of your choice. After Title records the sale, Escrow will wire your closing proceeds to your bank account or you can pick up a check at Escrow.

After you confirm your money is in your bank account, we meet you to get the keys.

Cash In Your Hands, Property Off Your Hands. It’s Really That Easy!

Yes, It Really Is That Easy