Once you submit your home for an optimized offer, our experts will check to see if your home satisfies the program’s requirements. If your house satisfies the criteria, an offer will be made, contingent upon an inspection.
Optimal Offers will typically provide you with an offer within 24-hours after you submit your request, and often has it ready in minutes. And often has it ready in minutes. Optimal Offers aims to make cash offers that work for both the seller and our company. If our proposal does not appeal to you, we can explore other options with you.
With Optimal Offers, you have the freedom to pick your closing date. We’ll try our hardest to meet your timeframe.
Yes. Market activity, competition, and other factors can cause home values to fluctuate. Our deals normally expire four days after the request is submitted.. However, Optimal Offers will provide you with an updated proposal upon request. Please be advised that, depending on current market conditions, our updated offer price may be the same, greater, or lower than your original offer.We may conclude that we cannot renew an offer in rare instances.
To put together a thorough offer, we’ll need a few pieces of information. The more details we have about your home, the better. This information can include but is not limited to recent upgrades, renovations, additions, or square footage that may not be on the county records.
Absolutely! Our deals aren’t generated by a computer or based entirely on an algorithm. Every property is meticulously evaluated by our team of real estate specialists. Images assist them greatly in gaining a better idea of the condition, features, and overall value of your home.
If you cannot send us the images right away, we’ll wait an additional two days to give you extra time to send them. If you cannot upload or submit photographs, send us an email at matt@optimoffers.com, and we will proceed without them. Our deals are cash-only, no-strings-attached, and come with no commitments or headaches. You stand to lose nothing but a few minutes of your time.
If you cannot provide pictures, don’t worry, photos are usually optional. However, there are some cases where images are required. The age of the home, for example, may necessitate the use of photos. Some other reasons can include a lack of comparable properties, or so we can get a more precise idea of the value of your home without photos. If we determine that images are required, you’ll receive an email from our team.
Optimal Offers will perform a free, on-site inspection of your home within 15 days of the signed agreement. The purpose of the appointment is to verify the specifications of your house and its condition, and identify repairs that will help determine the scope of the work that needs to be completed. We are looking for significant surprises that would drastically affect the rehab cost.
The inspection will be conducted by either an Optimal Offers staff member or a professional property inspector (or both). We will collaborate with licensed contractors to give extra insight and expertise if specialists are required, and we’ll coordinate all property inspections with you.
During our inspection, Optimal Offers will request access to your entire home. When your inspection is set, we’ll provide you a guide to help you prepare for the inspection, as well as an outline of the most typical items we look at during the inspection.
You’ll have the following alternatives if our inspection shows that repairs are required:
Provide a credit to Optimal Offers. You would sign an addendum to our original contract to proceed with this option. This solution entails no out-of-pocket expenses or work on your part. Our sellers prefer this option the most.
Before you close, make the necessary repairs. You should contact a licensed contractor to complete the necessary repairs. It would be your responsibility to guarantee that all components are done in accordance with current building codes. Proof of finished work, contractor name and license number, before and after images, receipts, and visible approval by Optimal Offers during the final walk-through will be required to proceed to closing.
None of the above. Optimal Offers can then choose to cancel the contract or determine that it still wants to move forward with purchasing the home. If Optimal Offers elects to cancel the contract, neither party has a penalty. Remember that whether you sell to us or try to sell traditionally, these repairs will almost certainly be necessary. Before agreeing to purchase your house, a traditional buyer will often want these same faults rectified (or credited).
In certain cases, the repairs necessary on a home are enormous and necessitate large sums of money or specialized knowledge to execute. Rather than adding undue stress to our customers, we will give the option of credit solely in these situations.
We purchase all kinds of properties. It all boils down to the numbers with us. Single-family, multi-family, manufacturer houses, lots, condos, etc. We purchase homes in excellent condition and buy homes in complete disrepair. Our offer will be based on the state of the house and our estimated current value.
We typically buy homes built after 1920, but this can vary by market. Block, frame, brick, and prefabricated structures are all acceptable.
We only acquire houses if the seller can prove that he or she is the rightful owner of the property. Other aspects such as the home’s materials and overall condition are taken into account. The parameters below may affect our ability to purchase your home:
Your house is up for sale in a short sale or foreclosure.
Unpermitted additions have been made to your home.
Your house has foundation problems or has been affected by floods, fires, or other storm damage.
Your home has outmoded materials like aluminum wiring
Your home is on a well or septic system.
Your home has mold and the like
Closing Costs:
We will pay most of the costs associated with the transaction. Sellers are responsible for certain closing costs. These can include back taxes, back hoa fees, irs liens, property liens, and any other non-transaction related costs. The Optimal Offers team is always happy to assist you in obtaining an estimate of your net proceeds from the title company or attorney’s office conducting the transaction.
Our team works diligently to guarantee that our initial offer is reasonable and competitive in the market. However, if you believe we’ve overlooked something about your home that has an impact on our offer, please let us know. Please contact your Optimal Offers Solutions Advisor and we will gladly re-evaluate your property.
A network of real estate professionals who are experts in your market carefully evaluates your home. Optimal Offers can provide data-driven and competitive offers to our customers by combining their knowledge with Optimal Offers’ exclusive evaluation and predictive market analysis technology.
Optimal Offers calculates offers in a straightforward manner. Here’s how we go about it:
Calculate the price of a renovation. The first thing we need to do is figure out how much it will cost to fix the problem. Roof, heating and cooling systems, electrical, and foundation are some of the most expensive elements to replace. The cost per square foot for general updates is calculated (the higher the cost per square foot, the more necessary the updates).
Investigate the market value of your home. We look at sold, active, pending and expired comps in the area. Square footage, lot size, year built, construction materials, and neighboring amenities are all important comparing points. Short sales, foreclosures, on-market, and off-market sales are all factors to consider.
Repairs, holding expenses, local demand, expected duration on the market, and resale price are all factors taken into account when making a flip offer. Market rentals, vacancy rates, and appreciation are among factors that rental properties consider.
There’s More To An Offer Than Price
Of course, price is not the Price isn’t the only factor to consider while deciding on an offer. Anyone can make a verbal or written offer. Often, investors or agents may offer a “premium price” but then fail to meet your expectations. Time is saved by thoroughly vetting the buyer and the terms of the offer. The quality of an offer is determined by the quality of the terms it has in writing. Inspection days, closing date, finance, occupancy, and escrow deposit are all important contract elements. Examine the buyer’s work history, testimonials, social media reviews, and internet reputation to determine their suitability.
Making a decision on a deal isn’t always easy. The best isn’t always the highest. The terms of the offer are equally as important as the price, if not more so. Buyers frequently submit offers that include extensive inspections, finance and appraisal contingencies, and low escrow deposits. What are the chances of a buyer following through if their offer includes many cancellation options?
How we generally find comps to generate the value of your home:
-Look for homes that were recently sold—the more recent, the better.
-Choose homes that are the most similar to yours in terms of features like the type of home (two-story vs. ranch), year built, number of bedrooms, bathrooms, and square footage.
-Choose homes in the same subdivision as yours wherever possible. This is because the house down the street could not be comparable if it’s in a separate development with different HOA rules, school districts, and public transportation alternatives.
-Look for comparables that have a similar type of location as your property, such as on a busy street, golf course, or beachfront. Making adjustments looks to figure out how much a comparable property would have sold for if it had the same qualities as yours.
Taking each comp and comparing it feature-by-feature to your home is a terrific approach to make adjustments to the overall value of your home. You’ll add or deduct the value of the difference in attributes like square footage or the number of bedrooms and bathrooms from the comp.
To gain a general estimate of your home’s value, sum up all of the modifications for each comp and take a weighted average.
We developed a unique algorithm that can perform these calculations instantly for hundreds of comparable homes because the arithmetic is tiresome.
Computer-generated algorithms calculate the home values found on sites like Zillow, Trulia, Realtor.com, and Redfin. The data they have access to through public records limits such numbers. They focus on the market’s past performance rather than its future prospects. While our offer isn’t meant to be a formalized appraisal, it is a practical and actionable offer. We take the time to assess and comprehend the particular features and condition of your home in relation to the market’s inventory and future supply.
1. Clean out the home
Ensure the home, yard, and exterior are empty of all personal items, debris, and trash. Don’t worry about deep cleaning—broom-swept is fine.
What to leave behind
Built-in appliances, extra keys, and remotes can stay in the home. Anything attached to the house should remain with it unless your contract specifies to take it with you. If you’d like, you can leave extra paint, tiles, or flooring. Just be sure to notify your Optimal Offers Expert first. Not sure if something should stay or go? Call or email your Optimal Offers Expert to get help.
2. Upload move-out photos
Once everything is cleared out, follow the instructions on your dashboard to upload photos of the home’s exterior and interior.
This helps us confirm that the home is in the same condition during the assessment. It also helps us ensure that all items are removed, so your closing isn’t delayed.
3. Keep your utilities on
Please schedule your utilities to remain active for three days after your move-out date. We use that time to make sure we can get all accounts transferred to Optimal Offers’ names. We do our best to have all utilities transferred when you close.
4. Leave your keys
When you accept your Optimal Offers offer, we mail you a lockbox with instructions on how to leave behind your keys. When you’re ready to move out, put your front door key in the safe and leave it in one of three places: the front door handle, the front hose bib, or the exterior gas meter.
You can leave other keys and related items (mail key, pool key, gate key, garage opener, appliance warranties) on the kitchen counter before you go. Don’t forget to lock the door on your way out, and remember not to bring the keys to your signing appointment.
Call or email your Optimal Offers Expert if you have any questions or aren’t sure where to leave your lockbox.
5. Forward your mail
If you haven’t already, please contact the USPS to forward your mail to your new address. Also, please be aware of any packages coming soon from shipping services such as UPS and FedEx. Consider contacting them directly to make the necessary arrangements.
6. Close and move
Once you complete these steps, you should be ready to close and move. Congratulations, and thank you for entrusting us with life’s most important transaction. If anything comes up, you can always contact your Optimal Offers Expert. We’re here to help.
P.S. Need a few extra days to pack and move after you close?
Ask about our Late Checkout program. You’ll have the option to stay in the home after you close so you can have a seamless transition to your next home. A daily fee and refundable security deposit apply.
People work with Optimal Offers to simplify the sale.
The “traditional” way of selling a house goes like this. Interview agents and sign a listing agreement. Work on renovations, updates, and a clean-out. A professional photographer takes photos. Your agent takes those photos and creates a public listing circulated to everyone via Zillow, Redfin, etc. After enough open houses and walk-throughs, you accept an offer. Hopefully, the bank approves the mortgage.
We simplify the “traditional” sale in three ways:
Cash Buyers. Optimal Offers makes cash offers – no mortgages necessary! Sales fall apart at the last minute due to the buyer failing to qualify for a mortgage. Banks don’t issue mortgages if the place needs work. Our offers are cash: you don’t need to worry about the sale falling apart due to mortgage headaches.
We have experienced Home Buyers. We’ve purchased over hundred-fifty houses in the last five years. During open houses or showings, you get “tire kicker” buyers that are just looking with no intention to make an offer. Inexperienced buyers make offers and then back out. Our experience helps us make the “right offer” that we will close on.
Skip The “Traditional” Sale Hassles. Want to avoid the hassles of the traditional home sale process – and save six percent realtor commission? We got you covered! Selling to Optimal Offers means no open houses, no online listing, no yard sign, and you make no repairs or renovations.
After you’ve moved out of your house, Optimal Offers usually does a last walk-through of the property. The walk-through verifies that all personal belongings have been removed and that the home’s condition has not changed since we signed the contract. For the closing to take place on time, the property must be free of personal things and debris. In addition, the property must be in the same condition when it is transferred to Optimal Offers, including landscaping and pool care. If you want to have repairs done by a licensed contractor, the Optimal Offers representative will verify that they were completed. This is a quick visit that should take no more than 30 minutes; if you are unable to attend the final walk-through, that is fine.
Is it possible to adjust my closing date once I’ve signed a contract?
Yes, at any stage during the selling process, we can change your closing date. You have up to 90 days to close on the sale of your house to Optimal Offers, and we can work with you to alter the closing date within that time frame.
When do I have to vacate my home?
At least 24 hours before closing, the house must be free of any personal possessions and rubbish. In addition, the property must be in the same condition when it is transferred to Optimal Offers, including landscaping and pool care. Before closing, Optimal Offers will inspect the property. It’s possible that this will create a delay in your closing if the house is not free of personal things and rubbish, or if the property is not in the same condition as when we signed the contract.
What happens after I sell my house to Optimal Offers?
Depending upon the condition, we will typically perform light renovations on the home to get it market-ready. These items may include upgrading appliances, painting, putting in new carpet, or even upgrading countertops. We’ll install for sale signs, hold open houses, send out flyers, take care of listing paperwork, talk to agents, wait for and negotiate with a buyer, work with the appraiser, worry about buyer financing falling through, pay holding costs, utilities and association dues. In short, once we’ve bought your house, we take on the charges, risks, hassles, and headaches associated with selling a home.
Yes, at any stage during the selling process, we can change your closing date. You have up to 90 days to close on the sale of your house to Optimal Offers, and we can work with you to alter the closing date within that time frame.
At least 24 hours before closing, the house must be free of any personal possessions and rubbish. In addition, the property must be in the same condition when it is transferred to Optimal Offers, including landscaping and pool care. Before closing, Optimal Offers will inspect the property. It’s possible that this will create a delay in your closing if the house is not free of personal things and rubbish, or if the property is not in the same condition as when we signed the contract.
Depending upon the condition, we will typically perform light renovations on the home to get it market-ready. These items may include upgrading appliances, painting, putting in new carpet, or even upgrading countertops. We’ll install for sale signs, hold open houses, send out flyers, take care of listing paperwork, talk to agents, wait for and negotiate with a buyer, work with the appraiser, worry about buyer financing falling through, pay holding costs, utilities and association dues. In short, once we’ve bought your house, we take on the charges, risks, hassles, and headaches associated with selling a home.