How It Works
Sell Your Home In Three Easy Steps
Step 1
Fill Out The Form Or Call Us
Just Answer A Few Questions About The House You’re Wanting To Sell… Just The Basics!
Step 2
Get Your Fair Cash Offer
Once We See The House And Confirm Its Condition, We’ll Make You A Cash home buyer Offer On The Spot.
Step 3
Close On Your Schedule
You Pick When You Get Cash For Your House. Whether It’s In 2 Weeks Or 2 Months, We Can Work With You.
Every day a homeowner requests an offer from Next Chapter House Buyers
How Does Next Chapter House Buyers Calculate The Value of My Home?
We evaluate the property’s location, the repairs that may be needed, the current condition of the home, and recent sales of comparable properties in the area to determine its value. Using this information, we prepare a fair, customized cash offer for you.
Our offer is based on four key elements that help us determine a fair value for your property.
The after repair value “ARV” off the property
After repair value or “ARV” is the estimated value of a property after all repairs, updates, and improvements have been completed. It represents what the home could likely sell for based on recent sales of similar fully renovated homes in the area.
Renovation cost (Cost of repairs that we will make)
To increase a home’s value, it often needs repairs and updates. These improvements can include things like a new roof, HVAC, hot water heater,flooring, paint, cabinets, fixtures, landscaping, and other upgrades that help bring the home back to a new condition.
Our selling costs
After the property is renovated, there are still costs involved in selling it. While you won’t pay any commissions or fees when you sell to us, we will be responsible for those expenses along with taxes, insurance, holding costs, HOA fees, and other related expenses. All of these are included in our selling costs.
Our minimum profit
We also account for a small profit in our offer. This helps us support our team, contractors, and ongoing projects while continuing to buy homes in the community. Our goal is to keep our profit as reasonable as possible so we can offer you the best price we can for your home.
Get A Fair Cash Offer
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Case Studies
You’ll find a homeowner we recently helped below
Bristol Dr Memphis TN 38119
The Seller – Mr Mayes
Mr. Mayes inherited this property from his mother. He did not stay in the local Memphis area, and was always traveling for work. The property had sat vacant for a few months until he decided it was time to sale. Due to him not having the time to fix the property up and list it on the market, he decided to go with a cash offer. Next Chapter House Buyers presented him with an offer he couldn’t resist and 21 days later we closed on the property.
The House
The property needed a good amount of work, but we were grateful to be able to work on this beautiful home.
We fully remodeled the bathrooms and kitchen to start. Adding new cabinets and beautiful new countertops and appliances.
The carpet and light fixtures were replaced and the entire house was painted.
A family was able to move in and start a wonderful life here in their new home.
Another homeowner that we recently helped
Barron Ave Memphis TN 38111
The Seller – Mr Lyles
Mr. Lyles inherited this property from his father in 2013. Mr. Lyles was based out of Chicago with no knowledge of him owning this property until 2020. In that time period, there we tenants residing in the property rent-free. Once Mr. Lyles became aware he had sole ownership of the property, he decided to sell. That is when Mr. Lyles contacted our company for a sight-unseen cash offer to purchase the property as-is with the nonpaying tenants in the property. This would be more conveient for Mr. Lyles since he stays in another state. We eventually closed on the property and renovated it to resale to an owner occupant buyer.
The Rehab
We first started by painting the entire exterior. This property had to be fully gutted. All floor joist had to be replaced to fix the foundation. We then went on to install a brand new roof, HVAC system, and hot water heater. We also did a full bathroom and kitchen renovation.
A Typical Offer
Let’s say your house is worth $250,000 after it has been completely remodeled and restored. But in order to get to that number, your home needs around $40,000 in repairs. Based on our cash offer formula, here’s how the numbers work. ARV (After Repair Value) of $250,000 x .75% – $40,000 in repairs = $147,500 Fast Cash Offer.
What Happens After I Accept Your Offer & How Long Does It Take To Close?
Step 1
Request An Offer
After you accept our offer, we forward the purchase agreement and all other relevant paperwork to our local title provider, who will then deposit earnest money. Our closing specialist will then contact you to walk you through the closing process and let you know if any more documents are required from the title company. Finally, the title company will obtain a title and lien search, and we’ll schedule an inspection date with you either in person or over video.
Step 2
Conduct Inspections & Address Any Title Or Lean Concerns
This is when we’ll conduct an in-person or video inspection of your home. It’s not unusual for us to request an in-person house inspection to find out what repairs are necessary. However, COVID-19 has necessitated a reconsideration of our approach to business and human interactions; therefore, we wear masks and use social distancing as a result of it. Our title company will contact you if there are any title or lien concerns at the same time. This is to ensure that your title is free of issues and that the home may be legally sold.
Step 3
Scheduling The Closing And Getting You Paid!
When you’ve completed all of the above steps, we may schedule closing to ensure that you get paid! You have the choice of closing at the title company or having a mobile notary come by at a convenient time. After everything is completed, your money either goes to your bank account, or a check is sent by the title company. You have the option of requesting how you want to be paid. In most situations, you’ll receive your money the same day you sign documents, although in rare cases, it might take up to a business day.
Your Cash Offer Is Just A Few Clicks Away
Fill out the form below or give us a call at (337) 654-0569 for your FREE cash offer
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Frequently Asked Questions
How do you come up with a purchase price for my home?
We’re here to help! We’re an open book with regard to our method. You may ask us anything at any time, and we’ll be delighted to respond. We consider the property’s location, required repairs, current state, and previous sales of comparable homes in the area. We take various elements into account…and arrive at a fair price that is beneficial to both parties.
Are there any fees or commissions to work with you?
This is what sets us apart from the standard sales approach: There are NO costs or commissions when you sell your property to us. We’ll make you an offer, and if it’s a good fit, we’ll buy your house (and we frequently pay for the closing expenses as well!). There are no fees or hassles. We make money after we’ve paid for repairs on the property (if any) and sold it for a profit (we’re taking the risks here, whether we can sell it for a profit or not… once we acquire the property from you, the responsibility is ours and you walk away without the burden of ownership).
How are you different from real estate agents?
Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then takes a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Is there any obligation when I submit my info?
There is no commitment on your part. We’ll take a look at it, perhaps set up a call with you to find out more, and make you an all-cash offer that’s fair to both of us. From there, it’s 100% your decision on whether or not you’d like to sell your house to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
Will you pay a reasonable price for my property?
Many of the houses we purchase are below market value (we do this so we can resell them at a profit to another homeowner). We are looking to get a fair price on a home. However, in our experience, many sellers aren’t expecting to get a large “windfall” from the property; rather, they appreciate that we can pay in cash and that we close fast (no waiting for financing). If that’s what you’re looking for and you see the value in getting your house sold fast… let’s see if we can come to a fair win-win price. (Besides, our no-obligation pricing commitment means that you do not have to move forward with the offer we give… but it’s good to know what we’re offering!)