How It Works: Selling Your Minneapolis House
Fill out our short form or call us at 612-238-2290 for a quick conversation about your house.
After chatting, we'll make you an all-cash offer right away for your house in its current condition.
From the start, we handle all the paperwork. Afterwards, all you have to do is collect your cash within a week.
So How much cash can I get for my home?
We understand that home sellers often have one big question on their minds: "How much cash can I get for my home?" Selling a house is much simpler than you think, but the only challenge about it is finding fair and honest people you can sell them to, without any surprises or hidden fees.
Molly and I often hear this question as a “we buy houses in Minneapolis” company, that’s why we do our best to break down our process as transparent as possible.
This page will explain our step-by-step process as your cash home buyers, and provide a quick overview of how it works for a homebuyer like you.
How We Calculate the Best All Cash Offer for Your House
Our all-cash offers are based on the After Repaired Value of your house. This way we can make the highest fair offers for your house where we can walk away with our profits, and you with the cash you need. Here is a breakdown of how the offer is generated.
Your Offer =
[After Repair Value] - [Cost Of Repairs] -
[Our Selling Costs] - [Our Minimum Profit]
This is how we calculate our cash offers:
Determining the ARV of Your House
After-Repairs Value (ARV): This represents your home’s value after all repairs and updates are done.
Calculating The Cost Of Repairs
The Cost of Repairs: This indicates the approximate costs to repair your house completely.
Determining Selling Costs
The Selling Cost: When we buy your house directly, there’s no need for you to deal with agents—but after we renovate the property, we often hire an agent to resell it.
That means we take on all the extra costs: agent fees, closing costs, taxes, and upkeep like maintenance and insurance. These are expenses you get to avoid when you sell directly to us.
(Our Selling Expenses = 10% x ARV)
On average, these costs add up to about 10% of the final selling price. By selling to us, you avoid these fees, making the process easier and more cost-effective for you.
We Take Our Minimum Profit
Our profits are reasonable. As cash home buyers, we keep profit margins lower than average as much as possible, but this doesn’t mean that we make our money with low-ball offers.
We’re always looking for opportunities to provide a path to homeownership to deserving families. This way, we can prioritize reinvesting back into the community while keeping a little profit for ourselves – a win-win situation for all!
We also donate a percentage of our profits to worthy causes and charitable organizations in and around the Twin Cities. This is our commitment to doing good while doing well.
Here's a sample offer using these figures:
Simply put, it all boils down to this simple concept:
Your offer will be the market value of your house after-repairs, minus all the costs associated with us to repair them. We then take out our profits.
AV (As-Is Value)
$170,000
ARV (After Repair Value)
$285,000
COR (Cost of Repairs)
$60,000
SE (Selling Expenses = 10% x $285,000)
$28,500
Our Minimum Profit
$30,000
YOUR OFFER = $166,500
$285,000 – $60,000 —
$28,500 – $30,000
What Customers (That You Might Know) Are Saying
To be honest, we didn't know what our next steps would be as we were dealing with problems with our house. Jerry and the team helped us turn our burden into a blessing and who knows how it would've turned out if we hadn't have found them. They were there from the beginning through the entire process!
Ras Hez. and Mandy T.
Yuba City, California
It was a fantastic experience! From the initial consultation to when we finalized paperwork, Molly and Jerry were very responsive, on top of everything, and were always available to answer any questions we had. If you're talking about going above and beyond, they did that and more!
Cassy Jo. and Steven W.
Minneapolis MN
They stepped in and helped me find a new house for me and my family even after they bought our house. It was tough trying to get all this done on my own prior to, but they truly helped to lower my stress level. From coordinating the movers all the way up until the truck was packed, I never thought it could be this easy.
Daniela C. R
Fort Worth, TX
Get your free cash offer today
We buy houses all over Minneapolis from homeowners like you. We'll take it off your hands regardless of its condition or your situation. Just fill in any form on this website to get your offer started.
If our cash offers aren't what you're looking for, we can provide a separate arrangement that will align with your financial goals.
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Our Service Areas: Where We Buy Houses in Minnesota
At Peerpoint, we take pride in serving homeowners across the land of 10,000 lakes, offering our reliable home-buying services in every corner of the state.
Whether you’re in a lively city or a quiet town, we ensure that selling your house is a simple, hassle-free process. If you're curious about how it works to sell fast, we’re here to walk you through it!
There's a lot to understand the specific challenges of selling a property, and we’re committed to providing solutions tailored to your unique needs. Regardless of your location, we’ve got you covered. If you live in these counties, we’re 100% sure we want to meet you!