As described in our execs and cons listing above, most “We Buy Houses” corporations in Antioch apply the 70% rule, that means they’ll give you about 70% of your own home’s after-repair worth minus their estimated restore prices.
Right here’s an instance of what a simplified method may appear like:
(Your property’s ARV x .70) – restore prices
To see how this may work in a real-world state of affairs, let’s check out an instance provide equation. Let’s say your Antioch ranch-style house may promote for $390,000 after repairs, however it would want $30,000 of labor to get there.
($390,000 x .70) – $30,000 = $243,000
On this instance, an Antioch “We Buy Houses” firm may give you round $243,000 on your house.
Nonetheless, various kinds of house-buying corporations will provide various quantities for properties. As talked about beforehand, iBuyers are inclined to pay greater than “We Buy Houses” corporations as a result of iBuyers search for properties in higher situation. An iBuyer may pay you 90% or extra of market worth whereas charging a price for his or her companies.
