How The Process Works

And What Exactly Goes On Behind The Scenes…

Everything Is Very Transparent With How We Do Business!

When We Buy Your House For Cash, You May Be Wondering:

Let’s get right to it and answer all your “how it works” questions!

How It Works:

Send Us Some Info

Just fill in any of our forms, and you’re all set! We’ll reach out and get the process started.

We’ll Explore Solutions

We’ll make an appointment so we can design a solution.
Given the times, we do a Virtual walk-through
.

We Buy Your House

Once you accept our offer, simply let us know a closing date & get your cash at closing.

You Get Your Cash

We typically use Monument Title Insurance Company for closings.

Contact us today to get your offer!

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Our Quick And Easy Process:

You pretty much don’t need to do anything. You just go about life and enjoy yourself. We will take care of everything and alert you at each step along the way of where we are at.

1. After We Agree on a Fair Price, We Write and Endorse a Purchase Agreement through email using signNow

Once both of us have sign the Agreement, we get to work for you. You have 7 days to make any final decisions and have a real estate lawyer look things over. We always advise seeking legal advice as it is a benefit to you to ensure you are protected.

2. Next We Install a Lock Box, Take Pictures, Order Inspections, Order a Scope of Work from Contractor(s), and a Title Report

Of the ones that involve you, this is the step that takes the longest (typically 14 days but we could do less) for everyone involved. It is Our busiest point in ensuring it will be a good investment on our part. There are a number of third parties we utilize for this.

Why do we fix everything up? Because the cost of making all repairs yields a higher return than it costs to do them. It’s how money is made and it’s how we can sell it for full retail price once we are done so we provide someone with a good quality home.

3. Then We Review all the Findings with You, the Homeowner, To Go Over Items that will Need to be Addressed and Go over Final Numbers

Once we get the scope of work and all the inspections back and then go over it, so you guys know the same things that we know.

Everything is very transparent with how we do business. This is where we will go over the final numbers and at this point our construction costs could come in higher than we anticipated which again can change the economics of the deal. I just want to manage your expectations that if the price of painting and repair come in higher then whatever price we agree to might get negotiated lower. What it cost me to fix stuff, it cost you to fix stuff, and I would have to reduce the price accordingly.

4. Now it’s Time To Set-up Closing with a title company or real estate attorney

As long as the number works for both of us we will move forward with closing. We use Monument Title Insurance Company because they are amazing and always do things right. We will take care of communicating with Monument Title and getting everything set up.

Once Monument Title is ready we can either have you come to their office or we can have them send a mobile notary to your house so you don’t need to leave and it is more convenient for you.

5. Wahooo!!! You Receive Your Check and We Receive Possession.

Technically this is the last step on your part where you can now move on with life enjoying a peace of mind.

I hope you consider wisely what you do with your new-found cash because the success you see tomorrow, begins with what you do today!

Too many people squander their resources, with time and money being two of the most key ones that affect the quality of their life. Please utilize them both wisely.

6. We Renovate the Property and Then Sell it for a Small Profit or Rent it out

On our part, this is actually the longest step with the house. Ensuring that it is a good quality home for a new family is a lot of work, but once we get it all done we move on to our dispositioning of the property so we can rinse, lather, and repeat.

7. After 100 Houses We Donate a Splashpad/Park

From our current research this will cost anywhere from $100k to $500k to pull off as long as the city works with us to utilize land they already have or someone donates it to the cause. We are aiming to make a really nice one each time so we are budgeting for the higher amount.

I want you to know that we are not decreasing our offer to you the homeowner in order to get the money to make this happen. We are utilizing profits that other investors would normally pocket and taking very little for ourselves.

How We Formulate Our Offer For Your House?

I want you to know that it’s in our personal best interest to give you the most money we possibly can for your house!

Why is that? Because one of the key factors that keeps us in business is by getting offers on homes accepted. The only way to do that is to give you an offer that solves your problem and that you’ll be happy with. Plus we invest a lot of time to analyze your house and finding solutions. If you don’t accept our offer—we have wasted our time and yours. We truly do our best to provide you the highest possible offer we can.

Even if we are not you best solution, we may be able to suggest it to you. We have been at this a long time and have built up an incredible network so our experience can save you money, time and a whole lot of stress.

Often times we can give you about the same amount that most would get when selling through a realtor, plus we take out all the guess-work, worrying, waiting, and holding cost it would normally take to get there.

A quick thought that hopefully will be beneficial to you in your own life. So much on life depends on what we individually choose to focus on as well as how we interpret things, the perspective if you will that we individually choose to take out of a given scenario. I know a number of people who think that in order for them to succeed, someone else must fail. The reality is that for genuine success the reverse is true. The more you create successes for others, the more success it creates for you. Seek to be an asset to those around you in everything you do and it will skyrocket your success and open more doors than you can imagine. Each single person you meet in this world is an opportunity to touch their life for the better.

How We Value Your Home

Where a Realtor will help you sell your home for the “Fair Market Value” (FMV) of your home in it’s current condition, We actually buy your home and we base our offers on your home’s “After Repair Market Value” (ARV), meaning that we look at what the value of your home would be, once we completely fixed it up. We look at its potential.

Because we value your property off the ARV which is more than is it currently worth, we produce our profit from that potential that we are putting in the risk to create.

So what does this mean to you?

Picture for a moment the house you want to sell. Now imagine that the neighbor right next door to you has a house that’s identical to yours, built at the same time, by the same contractor, and they also have 1732 sqft of livable space with 3 bedrooms and 2.5 baths.

However, your neighbor went through and made some upgrades. It has a fresh coat of paint, new hard wood floors, new appliances and granite counter tops. They replaced the roof and AC Unit and put in some nice landscaping and new fence. They just sold the house for $255,000 and zillow estimates your house to be worth $268,900.

So what does this tell us?

In this hypothetical scenario, we can deduce that if we were to make the same upgrades to your home so that it is in the same condition as your neighbors, it would likely be able to be sold for the same amount of $255k in the current market. In reality we look for a few comparable homes and none of them are ever a perfect replica of your house.

What Happens Next?

So you think… if I could have $255k in my bank account I would totally sell my house! You talk to a Realtor and they come out and look at the place and tell you they could list and sell it for $150k.

Why is it that your house will sell for less in this case? Because it’s current market value is lower, as the house is in need of some updating. The problem is that you have no money to go and update your property like they did.

The reality is that Zillow estimates are often on the high side and do not take into account the house’s individual and current state. It has no way of knowing the condition of your property. After listing and selling with an agent you would likely clear somewhere around $132,750 if it actually sold for $150k and your neighbor didn’t actually get $255k, they probably got $225,675 for selling at $255 after all fees were said and done.

With all that knowledge we can now make an offer that works for us and if this offer also works for you, great!

The Offer

We strongly believe that honesty and transparency are the best ways to run our business and live our life. Which is why we show you how exactly we formulate our offers for rehabbing or buy and holding a property.

[Your Offer] = [After Repair Value] – [Our Selling Costs] – [Our Minimum Profit] – [Cost Of Repairs]

The ARV is $255k – the real cost of selling (11.5% of $255k = $29,325) – Our Minimum Profit ($30k) – Cost of repairs (without having a scope of work yet, we can at least estimate that for us to do the same repairs and get your house to the same conditions would be around $74,126.). Which means in this case our offer would be $121,549.

So now you have to make a decision...

Sell it for a guaranteed sale of $122K in as little as 10-20 days, or a “maybe sale” for $133K hopefully within 2 to 5 months.

However this is only one option to a problem that may have multi-faceted solutions. To put everything on here we do would literally fill a book.

One Last Thing to Consider…

There is the reality that this is not the best case scenario. What if the house didn’t need a new roof or fence in order to match the comparable houses? That would take the rehab cost from $74,126 to only $54,640.

Then we could have offered $141,035 which is more than retail sale would have gotten you.

Really put yourself in this situation and take a second to think about what it would be worth to you to avoid taking on the risk and headache of coming up with money to fix up your house, managing these projects and contractors.

Now ask yourself whether you either get a bit more or bit less than the retail value would net you, what is the cost of your time? What are your holding cost going to be while trying to sell it? How much is it worth to know you can alleviate all that stress quickly rather than hope for it to get resolved someday?

Bottom line is that we make offers based on the market numbers and look for solutions that work for you and your family!

While our imaginary scenario here is only hypothetical and only explores one solution, these are some pretty real numbers we have seen in the Indy area in 2021. Markets and amounts change and shift but the concept remains true throughout.

So to sum it all up, while a realtor will attempt to sell your house as it now sits, we actually buy your house for cash off the the future market value of the house (after we fix it up), minus ALL our costs it takes to fix it up (including our profits) and that will be the offer.

What Is A Cash Buyer?

Cash Buyers use liquid capital to fund buying your house that cannot be found traditional mortgage companies. Also unlike a traditional mortgage, in most cases, these sources of money don’t depend on inspections and appraisals but rather rely on the expertise of the investor.

Where does the cash come from?

  • Personal savings (checking & savings accounts, money market, insurance policies, etc.)
  • Alternative investments (stocks, bonds, mutual funds)
  • Private money lender
  • Hard money lender

We Mostly Focus On Private Money

image help other on get on their feetWe are problem solvers! I am always looking to expand my resources so I can make a difference in more lives.

I also formed this business to allow individuals the opportunity to create real financial returns secured by real estate completely hands off. Anyone can enjoy the benefits of being a successful real estate investor without the time commitment, education, experience, and all the headaches required to do it on their own.

I introduce them to a stellar financial advisory group over at myprosperteam.com who utilizes either Self-directed IRA and SOLO 401K’s that allow for additional tax planning and investment opportunities well outside of a typical financial planning firm. This allows them to roll-over their retirement account without penalties to get their retirement money more liquid and much easier to access. I have never seen any other financial advisor parallel what My Prosper Team does in that space.

Life is full of endless potential and infinite possibilities for us to better who we are and to make the world a better place. That is why I heavily leverage private money from many sources, so I can help them strengthen their economical position as well as yours. Our done for you members trust our expertise and rely 100% on our decisions to purchase a home. They don’t have the issues traditional funding from banks have which are too stringent, finicky, and time consuming. We have found that by opening up and finding a way to serve many people, it creates the rewards and resources to help many more.

FAQ

Here’s a list of the most common questions we hear from sellers. If you can’t find an answer to your question, simply reach out to reach out to us.

Why is your minimum profit $30k?

Keep in mind that we value your property off the ARV which is more than is it currently worth. Our $30k of profit comes from that potential that we are putting in the risk to create.

There are multiple reasons for the profit we look to earn on a property.

The biggest reason for the $30k is that we are strongly seeking to give back to the community and are putting an extreme amount towards it. Also, every time you start swinging a hammer at a house… there are always unexpected costs along the way that need to be covered. We are also an actual business and have payroll and overhead to meet. Most people working for an employer don’t realize how much it truly cost to cover all the expenses and move life forward.

We are feeding our families, providing jobs, boosting the economy and keeping our local neighborhoods strong and thriving.

Will I get a good price for my house?

We want to buy your house as much as you want to sell it and we can only do that by providing an offer you will be happy with.

Our offer is based on the ARV of the property, meaning its value after we make all the necessary improvements and upgrades, which is more than your house is currently worth. That’s how we create our profits and we’re entirely transparent with this offer process and happy to walk you through how it works.

<the benefit for us buying a home and fixing it up is that we know we are providing a great quality home for a future family.
What does “as-is” mean?

We buy your Indianapolis home in as-is condition… meaning you don’t have to worry about doing repairs, fixing your home up, getting it ready for showings, or even cleaning it up on your way out the door. We will take care of it all.

I don’t have any money, will I have to pay closing costs or other expenses?

No problem! We will structure an offer for you, so you won’t have any out of pocket expenses at closing for the sale of your house.

Are you licensed Real Estate Agents?

No. We’re real estate investors.

We don’t “list” real estate, we buy it. We also don’t charge any commissions for what we do, though we do ensure we will be able to profit for our efforts.

We pay cash when you need it most and tell you what our offer is up front, so you know what you will get from the sale right then. We help you to avoid the hassle of repairs, listing your house with an agent, fickle buyers, and months of uncertainty.

We desire to make this process as easy as possible and create a win for you in life!

Agents will “list” your property. They can’t guarantee if and when your house will sell, or even how much it will sell for! It can take months and even a year or longer to sell a property with an agent. Many agents will ask you to make some repairs to the home to get it show ready, costing thousands of dollars and additional stress and time. Then you will have to always keep your house spotless and deal with strangers trampling through your house. If an offer comes along, you will have an inspector and an appraiser pick apart your house and most likely find more repairs are needed before you can move forward with the sale.

If you want to avoid all of this, just give us a call or fill out the form, and we will make this easy on you!

When can we close so I can get money?

At Indy Community Home Buyer, we always do our best to work on your time frame. If you don’t need a fast closing because you need to make arrangements and explore your future options or if you need to close in 10 days from now. We can work to schedule the closing on the day that best serves you!

Is this even legit?

Yes – the real estate industry is rapidly changing, and thousands of Americans are exploring their options when it comes to selling their house the fastest, easiest, and most transparent way. That’s where we come in. We offer an alternative for those who may not have the time or ability to list their house on the market for top dollar. We’ll work with you to assess your situation, make you a transparent all-cash offer and close on your timeline.

What if I still have another question I don’t see here—how can I ask you?

Reaching out to us is simple enough and you can pick from a few options to reach out and we are always happy to be of service!

Option 1: You can just straight up email us at: jason@indycommunityhomebuyer.com

Or B: You can call us too: 765-231-5022

And FYI… We’re real live human beings who (i) what to make a positive impact in your life and our community, (ii) actually care about you and (iii) don’t mind in the least when you reach out to us.

Either of these options go to the same group of us who are here to help however we can, and almost always respond to you same-day.

That said, we’re typically here during “office hours”, which are normally Mon-Fri, 10am-5pm in the good ‘ole Indy Eastern time zone. So, if you ping us late or after hours, please know that it might take us until the next “business day” to get back to you, depending on what’s going on over here.

But rest assured, we’ll get back to you personally, one human being to another. 👊 The most important thing for you to take away and remember from all this is that…

The Easiest Way To Sell Your House Is To Sell It Directly To Us

That’s because we are local home buyers. We don’t list your house for you. We don’t sell houses for other people. We only buy them.

When we buy your Indy home, we typically are going to do two things with it: We’re either going to flip it (think: HGTV show) or we’re going to fix it up and rent it out to provide quality housing in our community.

We take care of all the details and complicated work so you don’t have to. We also make every effort to understand exactly what you need and treat you with respect and understanding in order to help you achieve what you want to accomplish for you and your family.

Being a local, family-owned and faith-based company we understand the area and know our reputation is built on treating you well, which is why we come to you with a calm, no-pressure, how can we better your life and circumstances attitude.

We listen to you and work to discover the best way to get your house sold and put cash in your hands. We walk you through each step of the process and make sure you feel comfortable doing business with us.

Now you know how our process works, we think it would be great for you to learn a little bit more about Our Company. Have more Questions? Please Contact Us directly.

Whew, I read all the way to the bottom! Do I get anything?

Most impressive. Besides the personal sense of accomplishment that you’re undoubtedly already feeling, as well as an increased amount of knowledge for all the info you have now digested, we reward you with **virtual** high fives for being so awesomely diligent in taking a great step toward bettering your life…be sure to fill out a form so we can help you.

Also remember to keep being awesome, hang in there through the tough times, and be sure to go invest some good quality time with your family! シ

See what we can offer you for your house…