Behind the Scenes: What Happens When You Sell to a Cash Home Buyer

Hello. Welcome back to the Danny Buys Houses
podcast.

I'm your host, Danny Johnson, here in San Antonio,
Texas.

All right, we got a great show for you today.

If you've got a house that's falling apart,
inherited a property you don't want, or just
evicted some

tenants who left a mess, this episode is for you.

Today, we're going behind the scenes of selling a
house to a cash homebuyer like me at Danny Buys

Houses. I'll walk you through every single step,
from the first call to cash in your

hand. We'll answer some listener questions too.
Are you ready? Let's get started.

Selling a house can feel like a mystery, right?
Especially if it's beat-up or if you need out
fast.

That's where cash buyers like Danny Buys Houses
come in.

I've been doing this for over 20 years now here in
San Antonio, buying houses as is

for cash. No repairs, no delays, just a simple
real estate

transaction.

So what happens when you contact us? Let's dig
into that.

Let's break it down in detail step-by-step.

First step, you reach out. You can call us at

210-881-7707. That's

210-881-7707 or head to

dannybuyshouses.com

and fill out the fast cash offer form. It's right
there on the homepage and you can't miss it.

All right, it's easy. It really just takes two
minutes.

Uh, you just basically tell us about your house,
where it is, what it's like,

and, you know, don't hold back. If, if it's got
cracks in the walls, an outdated kitchen, or a
leaking

roof, we need to know. This isn't really a beauty
contest.

We buy off-market properties in any shape
whatsoever.

Once you hit the submit button on the form or hang
up the phone, we're on it.

Next, we schedule a visit.

We agree to a time that works for you. We come to
your house, me or one of my

team, and there's no pressure and no rush.

You know, even if you're out of town, we can even
work around that.

This isn't a traditional home inspection where we
walk around with a clipboard and nitpick
everything,

climb up on the roof, crawl under the house. We
don't do any of that stuff.

We're basically looking at what shape is the house
in, what do we need to do to get it fixed up and

sold, rented, or, you know, anything else we wanna
do with the house.

So basically, we're looking at what shape the, the
HVAC system is in, do the kitchens, bathrooms need

updating, uh, is the foundation unlevel?

Um, you know, what kind of cleaning needs to be
done? Is there anything that need to be hauled
off?

All that kind of stuff. And don't worry,

because nothing scares us. We've seen it all
really.

We've bought burned houses before that have been,
you know, like 20, 30, 40%

burned. We've bought high-end houses that didn't
even need any work.

Uh, we're not scared off by anything.

We've, we've, uh, you know, we're really just
figuring out what it'll take to fix up after we
buy it.

That's our job, not yours. So you don't have to
worry about, you know, having a detailed list of
things

or point out things. We, we just walk through and,
and look at it all.

You know, this walkthrough typically really, a lot
of people are surprised 'cause it only takes about
15 to

30 minutes. So we're not gonna take up a lot of
your time during this appointment.

And then the big question that we get

is usually, how do we determine our offer?

So we've walked through, we've determined,

you know, how much, uh, in repairs we're gonna
have to do.

We can basically come up with our cash offer for
you. And people wanna know what is the process.

Well, we look... Before we head even out there to
the house, we're looking at what the house's value
is

fixed up. So we look at what things have sold
for...

Similar houses have sold for in that immediate
area within the last typically six

months. And from there, we have an idea of what it
might be worth once we're done fixing it.

Obviously, there's some risk involved.

And so, you know, we, we have to figure out that
number, uh, pretty, uh, you know, sometimes

conservatively depending on, on how varied the
different sales prices have been.

And from there, we subtract the repair costs that
we just figured out after walking through the
house

and a little bit for our profit. And that's it.
There's no secret formula.

Say your place needs 30K in work, we factor that
in and give you a fair number for the, uh, for

the house. So, it's not full market price. Those
buyers don't want...

You know, they don't want to buy a house that
needs work.

They want move-in ready, but it's cash, it's fast,
and it's hassle-free.

So you know exactly what you're getting, no games,
right?

There's no, there's no cost to get that offer.
There's no obligation for you to accept that
offer.

Uh, but if you do like it and you wanna move
quick, we're ready to go.

So let's assume that you do like the offer. What's
next? So you say yes and we move fast.

We both sign a purchase agreement so that our
offer is in writing, right?

You wanna know what you're agreeing to.

We wanna know what's being agreed to, all in
writing, so there's no confusion.

We send the deal to a local title company here in
San Antonio.

For us, it's usually Old Republic Title.

They do a title search, make sure the house is
yours to sell and there's no hidden liens.

Uh, it just takes a few days and we put down
earnest money deposit to show we're serious and to
make it a

binding contract.

Uh, and then we set a closing date. So that
closing date is gonna be, you know, basically,

you know, a week. It could be two weeks. It's
really up to you. It's what do you need.

How much time do you need to take care of things
you need to do?

If you are living in the house, you need to move
out, you wanna have, you know, three or four
weeks,

that's really up to you.

Uh, we're pretty flexible with all of that.

So now, the closing day rolls around. We're
usually out there early.

We sign first with the title company because it
only takes us about 10 minutes.

Then you sign at the title company when it's
convenient for you or you can even sign remotely
if you're not

local,

uh, and can't make it to the title company in
person.

Uh, after all signatures are, are done, the title
company gives you a check for your proceeds

and the papers, uh, everything's done.

You know, everything is recorded at the, the
county courthouse by the title company.

They really handle all of that kind of stuff, so
you don't have to worry about it.

You're really basically signing and getting your
check

and, uh, handing over the keys, and that's
basically the, the end of it for you.

So,

you know, you walk away with crash- cash, no
strings attached. We take the house mess and all.

And, you know, I've had, uh, I've had even folks
cry tears of relief at

the table, you know. Uh, I remember one, one lady,
Carla, sold us a house after her

tenants had wrecked it and she said, "Danny, I
feel free."

And, you know, you could tell that the weight had
been lifted off her shoulders.

And, and that's what this is all about.

So, that's basically the process in a nutshell.

If you have more questions regarding how we do
things and what we do, feel free to give us a
call.

We'd love to talk to you about it.

And, uh, at this time in the podcast, I like to,
to go through some listener questions.

So you've sent them in. I've got answers. Let's
get right into the mail.

All right, the first one here. "Danny, what if my
house needs a ton of repairs, including a roof

that has been leaking for a long time? Can you
still buy it?" That's from James in San Antonio.
James, yes.

You know, the worse,

the better. We bought places you wouldn't step
foot in. Uh, repairs don't scare us.

You don't touch a thing while we handle it all.

Uh, even if there's, you know, a different thing
caused by, by the, the roof leaking for a long

time, you're gonna have damage that might not be
seen. We know that. We understand that.

We can get in there and take care of stuff and
we'll still buy the house as is so that you don't
have to mess with

any of that stuff. All right, James? Cool. All
right, next.

Let's see here. "I inherited a house full of junk.

Do I have to clear it all out?" This is from
Rachel in Universal City.

Uh, Rachel, nope, leave it all there, furniture,
trash. Whatever you want to take, you take.

Whatever you don't want, just leave it there.
We'll deal with it.

Um,

you know, I once bought a house with 20 years of,
of things, newspapers and, and

different things stacked up

and, uh, you know, nearly touching the ceiling. It
was kind of hard to even get through the place.

So you're off the hook. You don't have to, to
worry about cleaning all that stuff up.

I know that's daunting to, to have to go through
all of that stuff, uh, when you don't really even

want any of it, you know, to find out what to do
with it.

A lot of times, there's, uh, an emotional
attachment to it because of th- the person that
owned those

items, you know, things like that. So, you don't
have to worry about that.

We'll take care of it if you don't wanna keep any
of it.All right, so the last letter here is, "How
fast can

you close? I'm behind on property taxes." That's
Mark from Converse. Hey, Mark.

Uh, you know, we can close in as little as a week
if you're in a pinch, uh, tax troubles are

urgent. We know we've helped folks dodge auctions,
uh, with days to spare and we can move fast

for you. So just give us a call. We can see what
the situation is, uh, and, uh, the property

information, all that kind of stuff, and make you
an offer and see if we can't,

uh, get that house sold, uh, before any- any more
serious problems with the property

taxes 'cause you know, the county's gonna get
paid.

Before anybody else, the county will get paid no
matter what.

All right.

If you got more questions, send them my way. I
love hearing from you.

And, um,

yeah, so let's transition into,

you know, like I said before, how- how to get the
ball rolling.

If you're thinking about considering a house, uh,
selling a house quickly,

uh, for cash, needs repairs or anything like that,
just visit, uh, DannyBuysHouses.com.

Fill out that fast cash offer form on the homepage
and tell us about the San Antonio house, repairs
or

not. Or if you're in surrounding areas, Seguin,
um,

uh, Universal City, Converse, Selma, Schertz,

Boerne, uh, you know, New Braunfels, all of that
kind of stuff, you

know, it- it's fine. Uh, just reach out to us and,
uh, and we'll make you an offer.

All right? There's no- no obligation and you can
say no and walk away if you're not happy with the
offer that

we make you. All right.

So

selling a house doesn't have to be hard. You know,
it can be scary, but it doesn't have to be hard.

I've... Y- you know, I know it's scary for most
people and, uh, you know, I've been doing this
since

2003.

So I love helping people with houses that- that
need work 'cause I love taking houses, fixing them
up and-

and really transforming them.

Um, you know, that house with the- the ceiling
that's falling down and, uh,

you know, maybe has, uh,

you know, lots of problems, uh, that you really
don't want to deal with anymore, we'll take it,

fix it up and, uh, we'll do something with it.

We can get you cash for that house as is. And, uh,
you can be on your way.

That's what we do at Danny Buys Houses.

So head over to DannyBuysHouses.com, fill out that
form, and let's talk.

I'm Danny Johnson, and here,

uh, I'm here to make this easy for you in San
Antonio. All right?

Thanks for tuning in, everyone. Uh, share this
with someone who needs it.

Next time, we're gonna talk about selling an
inherited house for cash, whether probate

has been done or not. So you don't wanna miss it.
Tune in to the Danny Buys Houses podcast.

This is Danny Johnson saying take care and let's
get that house sold. See you soon.