What You Can Expect to Pay for a Grandview Home: A Comprehensive Guide
Grandview Homes is a real estate company that purchases homes directly from sellers looking to sell their house fast without having to list it on the open market. Grandview Homes typically pays between 50%-75% of a home’s fair market value. However, the exact offer price depends on several factors such as: repairs, cleaning, maintenance and staging.
Key Takeaways
- Offers 50-75% of home’s fair market value
- Purchase prices depend on repairs needed
- Close quickly in up to 10 days with all cash
- No real estate fees or cleanup required
- Best for sellers needing fast convenient sale
What is Grandview Homes?
Grandview Homes is a real estate investment company that purchases properties directly from sellers. They market themselves as a solution for homeowners who need to sell their house quickly without making repairs or going through a traditional sale.
As a direct home buyer, Grandview Homes buys properties as-is, regardless of condition. This allows sellers to avoid making any repairs and sell their home without cleaning it out or staging it for showings. Grandview handles all the repairs themselves after purchase.
In addition to buying houses that need work, Grandview also purchases updated, move-in ready homes. They have experience dealing with all types of properties including single-family homes, townhomes, multifamily properties, and vacant land.
Also read: How Much Can You Really Expect from “We Buy Ugly Houses”
How Does Grandview Homes Work?
The process of selling your home to Grandview Homes is straightforward:
1. Request an offer online or over the phone
Grandview only needs your address to provide an estimate of what they’d pay. There’s no obligation to accept the offer.
2. Grandview inspects the property
If you’re interested in their preliminary offer, a representative will view your home and assess its condition to finalise the amount of their all-cash offer.
3. Accept the purchase offer
Once you agree to Grandview’s offer price and terms, they’ll draw up the purchase documents.
4. Close on the sale
Grandview can close in as fast as 7-10 days once the offer is accepted. Then you receive your cash payment directly.
After purchasing the home, Grandview takes over any repairs, cleaning, and prep work before placing it back on the market.
Is Grandview Homes Legit?
Yes, Grandview Homes is a legitimate home buying company with years of experience purchasing properties across the region. They have purchased over 1,500 homes since starting in the real estate investment business.
Grandview Homes is fully licensed and insured. They are members of the National Home Buyers Association, Better Business Bureau, and National Real Estate Investors Association.
Keep in mind Grandview, like many investment firms, aims to buy homes below market value in order to profit from repairs and resale. However, many sellers are willing to accept a discount for the speed and convenience provided.
Also read: The Hidden Downsides: When Sellers Pay Closing Costs
Is Grandview Homes Fair With Their Offers?
What constitutes a “fair offer” can be subjective when selling to an investment company. Grandview Homes presents their best offer upfront in order to purchase your home quickly.
Their goal when making an offer is to account for:
- Estimated market value
- Repairs and upgrades needed
- Holding and selling costs
- Desired profit margin
While you likely could get a higher price selling traditionally or making repairs beforehand, their offers provide fair compensation given the convenience and speed to close. Keep in mind there are no showings to accommodate, home repairs to finance, or agent commissions to pay from your proceeds either.
How Much Does Grandview Homes Pay?
The amount Grandview Homes pays depends first on your home’s fair market value. This is determined by market comparable sales in your immediate neighborhood. The location, school districts, size and property features all factor in.
From there, Grandview deducts estimated costs for:
- Repairs and upgrades to get your home resale ready
- Holding fees while prepping your home for resale
- Their targeted profit margin
The final offer typically ends up being 50-75% of your home’s fair market resale value. However, a house in great shape may yield an offer on the higher end while a complete fixer-upper could be on the lower end. Older homes also tend to generate lower offers accounting for higher maintenance costs.
Example:
If your house has a fair market value of $300,000, Grandview Homes might offer somewhere between $150,000 and $225,000.
Keep in mind there are no real estate fees to pay from your proceeds working with Grandview since there are no agents involved. You also avoid thousands of dollars in repairs, storage fees if vacant, and months of waiting for the right buyer.
For many homeowners, selling to Grandview at a discount ends up being worth it despite leaving money on the table. The key is understanding your priorities whether needing cash urgently, facing foreclosure, tired of being a long-distance landlord or just desiring convenience without repairs.
Also read: The Pros and Cons of Accepting a Cash Offer for Your Home
Who Does Grandview Homes Work Best For?
Grandview Homes works best for sellers who:
- Need to sell their home quickly – Grandview buys houses fast, typically in 7-10 days from accepting their offer.
- Want to avoid paying real estate agent fees – There are no commissions or closing costs working directly with Grandview.
- Do not want to make any repairs on their home – Grandview buys properties as-is without requiring any fixes or cleaning.
- Are relocating, downsizing or facing foreclosure – The ability to sell your house fast for cash makes Grandview ideal for major lifestyle transitions.
- Own a vacant, inherited or rental property – Out-of-town landlords can sell without traveling back and forth showing it.
- Simply desire convenience and want their home sale handled for them – Grandview removes the hassles of traditional selling so you can move on.
How Long Does It Take Grandview Homes To Buy A House?
One of the biggest advantages of selling to Grandview Homes is the quick process:
- Get an offer in 24 hours – Their team can assess home details and make an offer by phone or online in less than a day.
- Property inspection within 2 days – If you want to consider their initial offer, Grandview sends out a representative quickly to view your property.
- Close in as little as 7-10 days – Once you accept their formal purchase offer, Grandview can complete closing and pay you out in less than two weeks.
Ultimately, Grandview Homes can purchase your home in as little as 10 days from initial contact to cash in your hands at closing. Of course, the timeline depends partly on your own responsiveness to complete the necessary paperwork. Still, it’s an extremely fast sale compared to traditional listing options.
What Are Some Alternatives to Grandview Homes
Grandview Homes is one of many direct home buying companies to consider if wanting to sell your property quickly. Some other top options include:
Traditional Real Estate Agent
This is the most common way to sell a house. A realtor will help you list your house on the market, show it to potential buyers, and negotiate the sale. You’ll get more money for your house by going this route, but it can also take longer to sell and involve more hassle.
iBuyer Companies
These companies like Opendoor or Offerpad will buy your house directly for cash. This is a good option if you need to sell your house quickly and don’t mind getting a bit less than market value.
Sell to a Local Investor
There are many real estate investors who are always looking for houses to buy. They can close quickly and often pay cash, but you’ll likely get less than market value.
WeBuyUglyHouses
As their name suggests, We Buy Ugly Houses purchases properties in any condition without repairs. Their hassle-free cash offers close on your own timeline.
FSBO Listing
Selling your home yourself without a real estate agent, also known as for-sale-by-owner (FSBO), is also an alternative option worth considering if willing to put in the effort and time required to market and show your home.
Is Selling to Grandview Homes a Good Option?
The answer depends entirely on your personal scenario and priorities for selling your house:
If you need to sell quickly, 100% yes. Grandview Homes delivers speed and convenience when you need to move immediately. By making a cash offer sight unseen initially, then dispatching a local real estate expert promptly to view your property, Grandview can buy your home in a week or two. There’s no waiting period for repairs either – they buy as-is.
However, if maximizing your sale price is the #1 priority and you have ample time and ability to wait, then listing your home traditionally may potentially yield more money. Making repairs upfront or cleaning / staging your home for showings requires effort but generates higher bids. Just recognize the process takes much longer until finding the right buyer.
For many homeowners needing convenience due to life changes like relocations, the discount selling to Grandview is worthwhile to save time and remove hassles. Just make sure you understand their fee structure and aim to get multiple offers from home buying companies before accepting one.
Factors Affecting How Much Grandview Homes Pays
When Grandview Homes makes an offer on your property, they take into account multiple factors that affect how much they can reasonably pay:
- Home condition – Homes requiring less repairs and upgrades will yield higher offers from Grandview since their profit partly depends on resell potential after fixes. Newer roofs, updated electric and plumbing systems all help boost offers.
- Cost of repairs – Grandview will estimate costs to renovate kitchens, bathrooms, flooring and handle structural/foundation issues needing attention which all lower potential offer amounts. Cosmetic upgrades like paint & landscaping are less costly.
- Sale prices in your market – While all neighbourhoods fluctuate in demand, Grandview analyses comparable sales in your zip code over the past 6-12 months to estimate your home’s market value and resale potential.
- Motivated sellers get better offers – Grandview may present their highest and best offer upfront if they know you have urgency to close or will be speaking to other home buyers. A key strategy is informing them of any competing bids or your timeline needs.
Being aware of these factors can help you negotiate a better price when working with Grandview to sell your house fast for cash.
Frequently Asked Questions (FAQ)
Grandview bases its offer on estimated market value minus costs for repairs, upgrades, and desired profit margin when reselling. The offer typically ends up being 50-75% of a home’s fair market value.
Yes. Homes requiring fewer repairs and upgrades will yield higher offers from Grandview since their profit depends partly on resell potential after improvements.
None. Grandview covers all closing costs so the offer amount you agree to is what you get paid out at closing with no extra fees deducted.
Grandview can close in as quickly as 7-10 days once their offer is accepted. You directly get paid out at closing via cash, wire transfer, etc.
Yes, Grandview may purchase some furnishings, personal property and equipment as part of the home sale for added convenience.
Conclusion
Grandview Homes presents an excellent option if your top priority is selling quickly without repairs or waiting months listing through an agent. Just keep in mind their home buying model accounts for fixing properties at a profit which affects their offer amounts. Expect to receive up to 75% of your home’s fair resale value.
For convenience, most sellers find the discount worthwhile compared to traditional selling methods. Still be sure to contact other home buyers and compare offers. If planning ahead for your move isn’t imperative, listing on the open market may potentially yield more overall but requires extensive time and effort.
