We Buy Houses in St. Petersburg
for Cash

Why Is Selling Your House For Cash a Good Idea?

Selling your house for cash is a great idea when you need quick cash. Especially if you’re in a situation where making repairs, cleaning, or staging the house for reselling isn’t in the cards. When you sell your house for cash with Florida Cash Home Buyers, we’ll give you our best offer so you can avoid the headache of working with an agent.

How Fast Can We Buy Your House in St. Petersburg?

We have closed some deals in as little as five days, although, as with all the “Cash For Houses” companies in Florida, our closing process typically takes about 15 to 30 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 to 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.

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.

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.

What Happens After You Contact Us?

If you contact us during business hours (Monday to Friday, 9:30 a.m. to 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 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. Instead, 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. Then, we’ll send you an estimated offer about 15 minutes after the discovery call.

How Do You Accept the Offer?

If you want to accept the offer, our experienced Buying Managers (Max, Linet, or Dan) will prepare a simple three-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. 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 okay and we actually recommend that you do so.

What Happens After You Sign the Contract?

The whole process usually 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.