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Most of the Fayetteville rules we buy homes for cash companies, which means they will give you about 70% of the repair value (ARV) of the home, then deduct its estimated repair costs.
Here is an example of a simplified formula:
(Your ARV x .70) – Repair cost
To see how it works in real-life situations, let’s take a look at an example providing equation. Suppose your Fayetteville Craftsman-style home can be sold for $425,000 after repair, but it will take $30,000 to get there.
($425,000 x .70) – $30,000 = $267,500
In this example, our homebuyer’s Fayetteville may offer your home for about $267,500. However, different types of home buying companies will provide different amounts for the home.
As mentioned earlier, iBuyers tend to pay more than we buy a home company because they look for homes in better condition. iBuyer may pay you 90% or more of the market value while charging its services.