We’ll offer top dollar for your property upfront, then show you where you begin participating in the flip profits.

How We Determine Your Offer Price

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  Neighborhood Comparables

  Unlike many cash home buyers, at FlipSplit, we’re committed to giving you a fair offer that accurately reflects your home’s value. We’ll dig through all the most recent sales in your neighborhood and select the closest comparables to your property to give it the best valuation we possibly can.

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  Property Condition

  Every property’s condition is different. Based on the amount of renovations needed, we’ll be able to firm up our offer price. Luckily, we buy properties in any condition, from homes at risk of foreclosure to burdensome houses that you’re looking to get off your hands.

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  Market Direction

  Understanding where the market is heading is crucial. At FlipSplit, we take all market conditions into account when determining your home’s value, to make sure you are receiving a fair cash offer. In an increasing market we may project a future resale price above what the current market dictates. Conversely, if market conditions are pointing to a slowdown, we’ll have to account for that as well.

Traditionally, cash home buyers purchase your home for cash, renovate it and then keep whatever profits they make in total, profiting off home sellers by making offers below fair market value. The equation looks like this:

Seeing the exorbitant amount of money these home buyers were making (by undercutting the seller) frustrated us. So we changed the math equation to protect you (the homeowner):

There’s a fun economics term called “Economies of Scale” which basically means the more you order in quantity the cheaper each individual item becomes. As a house flipping company, this is no different: since we order building materials in higher quantities, we are able to do renovations with greater quality and at a lower cost than a regular consumer could do on their own (typically 20% to 40% on average). We then pass these savings on to you, as part of the profits from the final home sale, since you participate in the backend!