How We Buy Houses in New Mexico?

We buy houses in Albuquerque, NM, and associated areas. Decisions related to real estate are complicated, and you can’t just trust anyone. When selling a home, you’re searching for a buyer who can close on your timeline while paying a fair price. We understand that. Here is a short explanation of our process of buying homes in New Mexico. Here you’ll learn:

  • How we buy houses in your area?
  • Our process of calculating a fair cash offer
  • About our values and goals for the future

We Buy Houses in Albuquerque

We want to make selling easy for you. Real estate transactions often involve a lot of paperwork that makes buying or selling a hassle. When working with us, you don’t deal with the paperwork or any sort of repairs. We deal with all that, and we keep you informed every step of the way.

Selling to us is a 3-step process:

  1. Our process begins when you give us a call or complete this form on our website. Your information is secure with us. The form asks you for some necessary information so we can begin researching the details of the property.
  2. We want to schedule a time to meet you. In normal circumstances, our team representative coordinates a time to visit your home. We want to know the condition of your home so we can present you with an accurate cash offer. It might not be possible to arrange a visit because of Covid-19. In that case, we can arrange a virtual tour to see your house. Our team representative will guide you regarding that.
  3. Our team visits your home, taking note of the condition, and the repairs required. We’ll take the data home to come up with a fair price offer for your property. We can run the numbers with you to make sure you’re on the same page with us. After discussing the details, we’ll present you with ways on how we can buy your home, and that includes a cash offer.

We have a flexible procedure in place. You’re not dealing with a big corporate firm or a bank. You’re discussing the issue with a local, family-owned firm, and we’ll help you in every way possible.

Heritage Home Solutions—-A Little About Us

Heritage Home Solutions is a local family-owned company based out of Albuquerque. We believe in guiding homeowners regarding their options during tough times. Before proposing a solution to you, we ask ourselves:

“Will we choose the same path for our family and us?”

Unlike other investment companies, we’re not here to mislead you. We don’t force you to work with us. Our team can run the numbers with you to make sure that everything is clear. When you trust the process, you can decide whether you want to work with us or not.

At Heritage Home Solutions, we have invested a great deal of time, effort, and capital into our real estate education. From attending the nation’s premier education programs to networking events, we have learned from the best in the industry. That’s why like all reputable companies, we have a strict due diligence process in place, and the protocol is followed for every offer that’s requested by our clients.

How We Calculate the Cash Offer on Your Home?

Our offers are based on four essential factors:

  • After Repair Value (ARV)
  • Cost of repairs & renovations
  • Holding costs and selling expenses
  • A fair return on investment

ARV is the value of your home after it has been renovated and updated. It’s the estimated selling price that can be achieved by proper rehabbing, and renovations. We buy houses as-is from you. But, after buying from you, we’ll sell the house in the retail market, or we’ll rent it out. In both cases, we need to rehab the property and update it according to market standards. For that, we need to know the future selling price of the said property.

How much is it going to cost to repair the property? We’ll need to spend a specific dollar amount to make the house livable. We get this estimate during the walkthrough of your property. Our team will make notes of the repairs required to judge the cost.

We start incurring expenses as soon as we buy the house from you. Before closing, we pay for the deposit, attorney fees, and title search. After the purchase, we need to pay for site amenities, utilities, builders insurance, and other expenses. We buy houses as-is from you, and we also pay your closing costs. However, once the home is rehabbed, we need to list on the MLS, and that also costs money.

We assume a massive risk by purchasing your home as-is. We present you with a guaranteed cash offer, and you close the deal on the decided upon date. It takes months to rehab and sell a house in the retail market. After all this effort, our team deserves to earn a fair return on investment. When we make you an offer, we consider a reasonable ROI so our team can continue to do this work for the community. Once we have all this information in place, we can give you a fair cash offer. Now you know the process and how we calculate the cash offer for your property.

In many cases, a cash offer from us can put more money in your pocket. It happens because you don’t pay any commissions, you don’t pay for repairs or closing costs. You decide on the closing day. A cash offer can win the deal when you consider the convenience and the peace of mind, and you factor in the cost of your time. All our offers are no-obligation quotes. We follow a strict no-pressure policy that means you’re not obliged to work with us. You can request a cash offer, see how much we can offer for your house. Take your time, think about the offer, and then decide what’s best for you. You lose nothing, our team works quickly to save you time, and we’ll be happy that you contacted us to discuss your options.