Fresno is a prime destination for real estate investors who are ready to pay cash for homes. The city and its surroundings are filled with properties that are ripe for renovation, making it a lucrative choice for those looking to flip homes or turn them into rentals.
Fresno’s market diversity is unparalleled, with home values spanning from $100,000 to over $1 million within a 25-mile radius. This diversity results in a neighborhood-by-neighborhood fluctuation in home prices. To fully comprehend the cash offer you can expect for your property in Fresno, CA, it’s essential to delve into the factors that determine home values.
But How Much Will They Offer?
Selling a house can be a complex process that involves several key factors affecting its value. If you aim to sell your house fast for cash, it’s crucial to understand the determinants of house prices and their impact on the cash offer you receive.
At Mutari Group, we prioritize our clients’ needs and offer them a free market analysis of their home. Our aim is to determine the accurate market value of your property by utilizing multiple sources, including realtor.com, Zillow, Propstream, and local investor groups. These platforms are the industry leaders in real estate data and provide millions of data points to arrive at an ARV (after repair value) of your home.
During the market analysis, we take several aspects of your home into consideration, such as its location, nearby home values, recent sales in the area, size, features, and condition. If you have any specific requests for us to include additional features, we welcome the opportunity to factor them into our final offer.
So What Is a Fair Offer?
If your house is in top-notch condition, with recent upgrades to appliances and flooring, you could receive an offer ranging from 85-90% of its market value. This arrangement is often favorable for both the seller and the buyer, as cash offers come with minimal fees and expenses, and swift timelines. The transaction is straightforward and hassle-free, as there are no contingencies, inspections, or title companies to worry about.
However, if your property requires some fixing up, the offer may be in the 60-70% range. Cash buyers usually look to purchase properties that need repair and are willing to pay for necessary renovations out of pocket. Common renovations include flooring, roofing, and appliance upgrades. Our representatives are always ready to answer any questions you may have about the estimated repair costs.
Every property is unique, and the offer price may vary based on several factors, such as location, market conditions, and size. Properties in Fresno tend to command higher prices compared to those located inside city limits. Similarly, properties closer to the water usually fetch higher prices compared to those in the city’s interior. Additionally, if you’re dealing with foreclosure, divorce, or probate, we can help you sell even faster.
Interested in Making Cash on Your Home?
Fill out our contact form and one of our experts will begin working on your sale for free! We will perform the market analysis and find a buyer for you! At Mutari Group, our mission is to provide the best home selling experience thought-out the state of California to our clients. Join our hundreds of happy clients with a simple phone call today.
Call us today at (559) 379-5416 or complete our online fast offer form to learn more about a quick, hassle-free sale.