Should be invisible.

House Selling Made Simple & Easy

How We Make Offers With Our Buying Formula
Clearly Explained With Nothing Hidden

No Cleaning, No Repairs, No Tricks, No Worries!

How Do I Sell My House Fast
In Raleigh, Durham or Chapel Hill, North Carolina?

Contact Us

We will listen to your situation and gather details for a fair, fast offer. Don’t worry, we keep your information private and confidential.

Receive an offer

We’ll come to your home and make an assessment of repairs and based on our buying formula (see below) make you an offer for your house, as-is!

Get your cash

We work with you to set a date, get some paperwork signed with a reputable attorney, and you’ll receive your cash. It’s that simple.

You must be thinking:

“It can’t really Be that…

It Actually is That Simple, Please Read On!

Mike W

We’re low-key, easy to work with, and the process is simple, no pressure, and 100% free. You can sell us your home for cash in a short amount of time, or a few weeks/months. Whatever works for you!

Selling to Mike Buys NC Houses, The Details.

I’m sure you’ve seen other websites or gotten mail from companies claiming they will buy your house for cash, and that you can sell your house fast to them. Since you’re on our “How it works” page, you’re probably still not sure …

You may still be wondering.

How does this whole “we buy houses” process REALLY work?

Well, actually, selling your North Carolina home fast is a very simple and easy process – for YOU. For us, it’s a little more involved. There’s a lot of work we do in the background, to make sure that the home selling experience goes smoothly and easily for you.

Lets get to the details Already!

Terms To Know:

After repaired value [ARV]

Is the current market value of your home fully remodeled and repaired

Costs Of Repairs (COR)

You DO NOT pay these costs. There are always repair costs and we try to estimate these as accurately as possible using the latest material and labor prices we can get. We then add a 10% margin of error to cover surprise repairs and fluctuations in materials and labor pricing. We do try to keep these to a minimum (which means more money for you!) by doing a LOT of the work ourselves. These expenses are PAID BY US when we do the work AFTER WE BUY your house!

An Example

Mike W

We’re low-key, easy to work with, and the process is simple, no pressure, and 100% free. You can sell us your home for cash in a short amount of time, or a few weeks/months. Whatever works for you!

Selling Costs(SC)

You don’t pay these fees. These costs are what WE PAY when we sell the house after we have done all the work. The closing costs, taxes, holding costs, realtor commissions (because we want top dollar), you get the idea. Best of all though, You pay NONE of these if you sell your house directly to us. We calculate these fees at 10% of ARV.

Minimum Profit (MP)

What??? That’s terrible you are thinking. We know, it stinks, but we have to make a profit. We are not going to pretend and act like we are not trying to make money. This IS a business and we would like to stay in business to help people, pay contractors, plumbers, buy more houses, give back to the community, and so on. In short, we do need to make a profit. We keep this to a reasonable 10% of ARV or $25,000 (our bare minimum because we take on a LOT of risks) whichever is greater so we can present you the highest possible offer in each situation which allows us to have more offers accepted.

Maximum Allowable Offer (MAO)

This is the maximum amount we can offer based on calculations. In other words, Your OFFER AMOUNT. Yep, we finally got to the point!

The Formula We Use To Determine Your Offer:

(After Repaired Value) – (Costs Of Repairs) – (Selling Costs) – (Minimum Profit Margin) = MAO or Your Offer

Let’s examine this formula with an example. Now, assume your house was a rental and you had a not-so-awesome tenant. Those stinkers ( you probably have worse expletives going through your head) trashed your lovely house and because of whatever reason, you just can’t pay to get it fixed. Well crap! The house is not rentable and you know the open market might abuse you. Here’s where Mike Buys NC Houses comes in. Guess what! We don’t care that it’s trashed, we LOVE fixing up houses! Here’s where Step 1 comes in!

 You decide to Fill in a Form Or Call Us at 919-525-3702 and We listen to YOU and gather details for a fair, fast offer.

We get to work behind the scenes and figure out houses around yours go for about $300,000. We verify this of course by looking at what houses have sold recently in your neighborhood. These recently sold houses are known as comparables or comps for short. This lets us determine what our After Repaired Value (ARV) should be when repairs are completed. So for this example, we will use an ARV of $300,000. The first part of the formula is ARV = $300,000

Many investors will promise you no inspections. We at Mike Buys NC Houses, ARE going to inspect your property! It is the ONLY WAY we can get an accurate estimate of repairs and determine if we need things like a pest inspection (termites), a survey, or things like structural engineers, and so on. All of these things are important, so we can make you a REALno BS offer! For our example and because your tenant was so monstrous, we determine repairs will be about $30, 000 plus our 10% margin of error brings the final Cost of Repairs (COR) to $33,000.

We know our selling costs are 10% of ARV. Thus in this example, Selling Costs are $30,000.

As noted before, our Minimum Profit that applies here is 10% of ARV. Thus in this example, the Minimum Profit is $30,000.

 Now we have everything we need to Make You An Offer!

ARV of $300,000 – COR of $33,000 – SC of $30,000 – MP of $30,000 Yields:

Your Offer of $207,000

 Get Your CASH!

We work with you to set a date.

Get some paperwork completed with a reputable attorney.

You GET PAID CASH. It’s that simple.

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Mike W

As you can see, we keep it simple and rely on a simple formula based on the numbers. We do not make offers based on how desperate you may or may not be. We don’t base offers on some percentage of the After Repaired Value (that’s just dumb). We simply follow the math and try our best to give you the highest possible offer we can, to make sure you are treated fairly and are happy. If the repairs come in lower, you get more MONEY! It makes sense and once you understand it, it’s super simple, isn’t it?!?

Should I sell my house in North Carolina for CASH?

OR

List it AS-IS with an agent?

If you list your house with an agent, they use comps just like us to determine value. But they are not fixing up the house like us. So they use AS-IS which is adjusted downward because repairs needed. The result is a usually lower than the value Mike Buys NC Houses uses to develop your offer. Remember, Mike is a broker (that wants to buy, not list your house)and understands how brokers think and work. As an investor, Mike uses this knowledge for good and will point-blank tell you if you should list your house instead of selling to us! Why? Because that’s the way we’d want to be treated if we were you!

Selling To Mike Buys NC Houses vs. Listing With A Local North Carolina Agent

Even in a seller’s market like North Carolina, it’s smart to look at your options and see what will actually help you best reach your goals with the sale of your house. While you may be able to get a higher “top line” sales price listing with a local Raleigh, Durham or Chapel Hill agent, that doesn’t always boil down to more money in your pocket or less headache. Dive into the details below to compare your options. 

 COMPARESelling w/ An AgentSOLD To Mike Buys NC Houses
Commissions / Fees:6% on average is paid by you, the sellerNONE
Who Pays Closing Costs?:2% on average is paid by you, the sellerNONE – We pay all costs
Inspection & Financing Contingency*:Yes, sales can fall throughNONE
Appraisal Needed:Yes, the sale is often subject to appraisalNONE – We make cash offers
Average Days Until Sold:+/- 91 DaysIMMEDIATE CASH OFFER
Number of Showings:It Depends1 (Just Us)
Closing Date:30-60 +/- days after accepting buyers offerThe Date Of YOUR CHOICE
Who Pays For Repairs?:Negotiated During Inspection PeriodNONE – We pay for all repairs
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