We Buy Houses in Pensacola

How fast can we buy your house in Pensacola?

As with all the “Cash For Houses” companies in Florida, our closing process usually takes about 15-30 days. However, we have closed some deals in as little as five days. We’re flexible and can work with your individual needs and on your schedule. If you choose to go with the Treasure Package, closing typically takes about 60-90 days.

How much can we offer you for your home?

We can offer you a fair cash offer for your home, with no obligation to accept. This is calculated based on the After Repair Value (ARV) of the property. 

Because we buy your house as-is, we typically need to make repairs, as well as handle all the selling and holding costs like commissions, closing costs, taxes, insurance, and HOA fees ourselves before we can sell or rent the property. These typically come to 10% of the resale price and are used to calculate the ARV.

Here’s an example:

1. Say your home is worth $300k after it’s repaired and remodeled.
2. It needs $40k in repairs.
3. We calculate your offer using this formula: ($300K x 80% = $240K) minus $40K
4. We make you a cash offer of $200K cash.

Through the years, and after losing over $500,000 on properties that we shouldn’t have purchased (we’ve made some dumb mistakes…), we learned that our minimum required profit needs to be about 10% of the ARV, or $10,000 minimum. That means that if we buy a property, fix it up, and then try to resell it for $300,000, we need to make at least $30,000 on the transaction.

What happens after you contact us?

If you contact us during business hours (Mon-Fri, 9:30 a.m. – 6:30 p.m.), one of our friendly Buying Managers (you can see who they are here) will either pick up the call, or call you right back. The call only takes a few minutes. They will ask you for some basic info about your property, listen to your needs, answer any questions you may have, and offer guidance and recommendations to assist you in your home selling journey, even if that means we’re not the best option for you.

Do you get a cash offer right away on the phone?

The short answer is no… We do not give the exact offer over the phone right away. Companies who do that may be scam artists and tend to give you a bogus inflated offer, try to lock you up in a contract, and then use an “inspection report” to ask you for a huge price reduction. They may also require long inspection periods (7-10 days is normal, some buyers ask for 30 days inspection or more).

We take the time to make sure that selling us your home really makes sense for you and consider the best offer suited for your individual needs.

On the call we can give you a range of where our offer will most likely be at. Then, we’ll send you an estimated offer about 15 minutes after the discovery call.

How do I accept the offer?

If you want to accept the offer, our experienced Buying Managers (Max, Linet, or Dan) will prepare a simple 3-page written agreement for you to sign, and go over any questions you might have. This can be done over the phone, and the agreement can be signed electronically. If you prefer, we can also send someone in person to meet you too. We do not pressure you to sign at any time. If you want to have an attorney review the agreement before signing, that is perfectly OK and we actually recommend that you do so.

What happens after you sign the contract?

The whole process typically takes about 15 to 30 days, depending on the urgency. Once you sign the purchase and sale agreement, a representative will reach out within 24 to 48 business hours to schedule an inspection of the property to ensure our repair estimates are accurate. 

We’ll also send the contract to the title company for them to order title and lien searches. It typically takes 1 to 2 weeks to conduct inspections and review the title.

Once everything looks good, we can close in 1 to 7 days. You can go to the title company or a notary will come to you, and then after the closing documents are signed, cash is wired to your bank account or you get a certified cashier’s check.