A: These statements facilitate the finalization of all house sale transactions, including fees. Remember, when you sell your home to us, we cover the fees.

A: While the idea of fair market value may seem pretty straightforward at first blush, the concept is actually a bit more complex than you might think, and there are a number of factors to take into account as we work to determine what your house is worth. The IRS defines fair market value as the price your home would fetch if the sale was a so-called ‘arm’s length transaction.’ In this type of purchase the buyer and seller would have no personal relationship, neither party would be coerced to take part, and both parties should have equal access to information about the property. In relation to the IRS, this partially determines how much you can write off in taxes if you donate the home to charity, what your tax hit will be if you sell the house as an investment, or how much you would receive in an eminent domain case. This is also important in determining the value of a deceased person’s estate.

A: Fair market value is determined by an experienced appraiser who evaluates, among other factors, the size and location of the lot, the size and condition of the house, the quality of the neighborhood, and the value of the property if it were to be used for something other than a home. One of the best ways to get an accurate assessment of the home’s true value is to use comparable sales (AKA ‘comps), whereby the appraiser compares your house to properties similar in quality, condition, and location, and which have sold recently. He or she will adjust the price, accounting for factors which may affect the value of your home, such as the amount of income it generates if it is a rental or investment property. If there are few similar properties in the area the appraiser may try to work out how much it would cost to build the house new. If there are noticeable issues with your house, the appraiser takes these into account, subtracting their potential cost from the value of the home in its ideal condition. The fair market value of your home is not the same as the assessed value – it may be higher!

A: You’ve probably thought to yourself, ‘Is that legitimate? Do these companies really pay cash for houses?’ If you’re an intelligent homeowner, you’ve probably wondered to yourself, ‘What’s the catch?’ Because there’s always a catch. Right? After we’ve had a chance to talk, we should be able to come up with a win-win solution that will get you the quick cash offer you need, usually within 72 hours. So, the short answer to your question is, yes, when you work with us, getting cash for your house is very possible, and there is no catch. Our years of experience and countless testimonials from satisfied clients demonstrates our commitment to helping Denver, Boulder and Castle Rock homeowners get fair market cash for their house.

A: First of all, you need to make an honest assessment of the condition of your home. This is probably the most important factor to take into account when you’re considering whether you should repair your home. What is the nature and extent of the damage? Do you have the time, skills and interest to make these repairs yourself? Do you have the liquid cash to pay a contractor to make the repairs? Remember – some repairs are simply so complex and difficult that it requires a professional to complete them. Secondly, you should take into account your dreams, goals, and plans for the next few months and years of your life. Undertaking home repairs can be a costly and time-consuming measure. Are you considering these repairs in order to sell the home, or so that it is more livable for yourself and your family, long-term? If your goal is to sell the house, you may be better off simply selling the home as is. Many home repairs turn out to be much more complex than they seem at first.

A: Yes. What’s the condition of the other homes in your market? Is your home in better, worse, or equivalent condition to competing inventory in your area? If your home is in better condition than other homes in your market, you may be better off selling the place as is, rather than attempting to fix your house. That’s because these other homes are acting as a stone around the ankles of the local market. In other words, these homes in ill repair are holding down the value of your home, meaning that any repairs you make are unlikely to yield a worthwhile ROI (Return On Investment). If your home is in worse condition than the other homes in the market, you still may want to sell it as is, because it may take a larger investment for you to bring your home up to the standards of the local market. So the question still comes down to ROI. If your house is roughly equivalent to the other inventory in the local market, then you should consider fixing your home.

A: How is the resale market in your area doing? This is the type of question that may need a professional to answer. But remember, most of these professionals will have some stake in the advice they’re going to give you.

A: Keep this in mind – in Denver and the surrounding areas, most homeowners today are not interested in purchasing a “fixer-upper.” The new people flowing into our state are either young and drawn by the legalization of marijuana, or tech professionals. In both cases, new residents are looking for a place that’s move-in-ready. Selling your home as-is to a company that buys houses means that you don’t have to worry about code compliance or inspections. You won’t have to deal with contractor disputes (which are very common in Denver right now, which is rife with contractors who break contracts, do shoddy work, or take your deposit money and disappear).