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How The Process Works

Tell us about your property.

It’s quick, easy, and free!

If it meets our buying criteria…

We will contact you to setup a quick appointment.

We present you with a fair all-cash offer…

Or discuss the best method to proceed.

We close at a local reputable title company.

Have cash in your hands in as little as 7 days!

Contact us today to get your offer!

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What is ARV?

ARV Stands for After Repair Value & you may encounter this term frequently if you’re looking to sell to a cash buyer. ARV is just the potential value of your house after repairs.

Offer Breakdown

Cash Offer = Cash Value – ( Repairs + Company Fee )

Let’s break this down a bit more!

• Cash Offer – The Money you walk away with at the end of the deal. No Commissions, No Hidden Fees.
• Cash Value – The cash value of your house, roughly 70% of the ARV.
• Repairs – How much it will cost to repair the property.
• Company Fee – The Company Fee consists of three parts… North Carolina‘s avg. relator listing fees¹, our closing costs², and Carr3 Properties‘s end profit³.

1. The average North Carolina realtor commission rate is 5.60% ARV, with 2.86% going to the listing agent and 2.74% going to the buyer’s agent.
2. Closing cost is what we pay to close and finalize property listed on the traditional market, $2,766 for an average home loan.
3. Finally, our end profit! This number varies per deal but is usually whatever is left over after the above deductions from the Company Fee.

For example, let’s say your house Cash Value is $125,000 and in its current condition repairs will cost around $30,000.

• House Value_{(Cash Value)} = $125,000

• Repairs = $30,000

• Company Expenses = $12,500 _{(10% of $125,000)}

• Final Offer = $82,500

*This is just an example, all offers will vary.

What does “as-is” mean?

We buy your Charlotte home as-is, meaning you don’t have to worry about doing repairs, fixing your home up, or getting it ready for showings. We’ll handle all repairs, inspections, and more after we purchase your home. We factor this into our offer, of course, but it saves you the money and the headache associated with getting your home ready to sell.

What does an “all-cash offer” mean?

“All-cash” means exactly that – all cash for your Charlotte home! Because we are real estate investors who are purchasing houses directly, we don’t rely on traditional financing like retail homebuyers. When you sell to us, there’s no risk of the financing falling through, or closing being delayed. When we make you an offer, that’s the full amount you’ll receive at closing.

How fast is a fast closing?

After you send us information about your home, we can make you a no-obligation, fair all-cash offer in as little as 24 hours. Once you accept, we close at a local, reputable title company in as little as 7 days. Compare that to the 30+ days it can take to close when listing your house the traditional way, and the benefits are obvious!

What if I don’t need a fast closing?

At Carr3 Properties, we work on your time frame. If you don’t need a fast closing due to the need to make arrangements, explore your future options, etc., we will schedule the closing on the day that works best for you!

Will I get a lowball offer?

Our goal is to provide you with the fairest offer possible. Unlike other buyers or big tech giants, we’re transparent with how we arrive at an offer amount. What we offer is based on what the value of the property may be once we make the necessary improvements and upgrades. We’re entirely transparent with this offer process and happy to walk you through how it works.