Reviewed by: Brandon Brown
We’ve always believed in the philosophy of trying to under-promise and over-deliver.
When we can take an already seamless and smooth transaction, and a few months later surprise you with additional proceeds that were unexpected, even to us, it feels great. That’s one of the benefits of FlipSplit, and if we are wrong on the upside potential, you get rewarded; if we are wrong on the downside, there’s no risk.
To say it another way, let’s take for example a fictional character Jane. She’s looking to sell her home that “needs a little TLC” and knows a traditional sale with showings just isn’t in the cards for her. So she reaches out to a few cash buyers and gets offers for them:
Investor 1: $500,000
Investor 2: $500,000
FlipSplit 3: $500,000
So why go with FlipSplit?
Because we cut you into the excess profits! With investor 1 and 2 once Jane sells her home to them for their offer price, she never talks to them again. They go ahead and spend $50,000 to fix it up and then resell it for $600,000, profiting $50,000 themselves.
So we decided to flip this process on its head, take less profit for ourselves, and split the excess profits with the original homeowner. Our goal is to give the homeowner more money for their outdated properties.
BUT there are always two sides to every coin. In this same example if the market took a turn for the worse and we spent all that money on renovations but could only resell for $500,000 (which is what we bought it for) we’d incur all of those costs, not the original homeowner.
So the homeowner will only have the upside potential of a profit split but never the downside risk of losing money on the flip transaction. Not to mention we don’t charge any fees or closing costs. Too good to be true right? Wheres the catch, or rather, how in the world do we make money?
FlipSplit Adds Value To Homes
Adding value to homes is how we make our money, which is why we can provide our generous offers. We specialize in updating homes to modern-day standards. Also, due to the volume of homeowners we help, we’ve been able to negotiate labor, and material costs, which are way lower than traditional homeowners would be paying.
If you are entertaining the thought of selling your home or have received multiple “we buy houses for cash” offers and aren’t sure which one is in your best interest, give us a call to discuss your situation. There is no obligation, but we promise you will leave educated enough to make an informed decision.
Reviewed by: Brandon Brown
As a long-time Asset Manager, Investor, Real Estate Agent, and Broker/Owner of BayBrook Realty in Orange County, Brandon Brown is one of FlipSplit’s lead Real Estate experts. Having worked on over 2,000+ real estate transactions, Brandon brings a depth of knowledge that ensures clients are appropriately treated with honesty and integrity. His insights and advice have been published in numerous blogs beyond FlipSplit, and he keeps a close eye on market trends and statistics, which are updated weekly on his social media pages. Outside work, you can find him participating and serving at church, cycling, mountain biking, surfing around Orange County and beyond, and enjoying time with his wife and two daughters.